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Notes to Accounts of Riba Textiles Ltd.

Mar 31, 2015

1 Related Party Disclosures

1.1 Related Parties and transactions with them during the year as identified by the Management are given below:

(i) Key Management personnel's

Sh. Ravinder Garg, Mr. Amit Garg, Mr. Nitin Garg


Mar 31, 2014

Riba Textiles Limited (the Company) is a public company domiciled in India andi ncorporated under the provisions of the Companies Act, 1956. Its shares is listed on Bombay Stock Exchange (BSE). The Company is engaged in Manufacturing & Export of terry towels.

1 Short-term borrowings:

Export packing credit & foreign bills purchase limit are secured by exclusive first charge on entire current assets of the Company including raw material, semi-finished goods including goods in transit, book debts & other current assets of the Company (Present & Future.) Hypothecation of bills also in case of FBP limit.

2 Related Party Disclosures

2.1 Related Parties and transactions with them during the year as identified by the Management are given below:

(i) Key Management personnel''s

Sh. Ravinder Garg, Mr. Amit Garg, Mr. Nitin Garg


Mar 31, 2013

FIGURES AS AT FIGURES AS AT THE THE PARTICULARS END OF END OF 31.03.2013 31.03.2012 PERIOD PERIOD

CONTINGENT LIABILITIES AND COMMITMENTS

(TO THE EXTENT NOT PROVIDED FOR)

i CONTINGENT LIABILITIES

(a) CLAIM AGAINST THE COMPANY NOT ACNOWLEDGED 0 0

AS DEBTS;

(b) GUARANTEES; 30,000,000 0

Corporate Guarantee and Pari Passu charges over the fixed assets of company given to SBI, Delhi for limit sanctioned to M/s Adanya Impex.

(c) OTHER MONEY FOR WHICH THE COMPANY IS CONTINGENTLY LIABLE. 0 0

ii COMMITMENTS

(a) ESTIMATED AMOUNT OF CONTRACTS REMAINING TO BE EXECUTED ON CAPITAL ACCOUNT AND NOT PROVIDED FOR; 0 0

(b) UNCALLED LIABILITY ON SHARES AND OTHER INVESTMENTS PARTLY PAID; 0 0

(c) OTHER COMMITMENTS 0 0


Mar 31, 2012

I OPERATIONS

TAX EXPENSE OF DISCONTINUING XIII OPERATIONS

PROFIT(LOSS) FROM DISCONTINUING

M (e) OTHER NON-CURRENT ASSETS

MISC . EXPENDITURE

(TO THE EXTENT NOT WRITTEN OFF OR ADJUSTED)

2 CURRENT ASSETS

N (a) CURRENT INVESTMENTS

FIGURES AS AT FIGURES AS AT THE THE NOTE PARTICULARS END OF END OF 31.03.2012 31.03.2011 NO. PERIOD PERIOD

T CONTINGENT LIABILITIES AND COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR)

i CONTINGENT LIABILITIES

(a) CLAIM AGAINST THE COMPANY NOT ACNOWLEDGED 0 0 AS DEBTS;

(b) GUARANTEES; 0 0

© OTHER MONEY FOR WHICH THE COMPANY IS CONTINGENTLY LIABLE. 0 0

ii COMMITMENTS

(a) ESTIMATED AMOUNT OF CONTRACTS REMAINING TO BE EXECUTED ON CAPITAL ACCOUNT AND NOT PROVIDED FOR; 0 0

(b) UNCALLED LIABILITY ON SHARES AND OTHER INVESTMENTS PARTLY PAID; 0 0

(c) OTHER COMMITMENTS 0 0

THE AMOUNT OF DIVIDENDS PROPOSED TO BE DISTRIBUTED TO EQUITY AND PREFERENCE SHAREHOLDERS FOR THE PERIOD

AMOUNT PER EQUITY SHARE 0 0

V ISSUE OF SECURITIES FOR SPECIFIC PURPOSE

W DETAIL OF ANY ASSETS OTHER THAN FIXED ASSETS AND NON-CURRENT INVESTMENTS WHICH DO NOT HAVE A VALUE ON REALISATION IN THE ORDINARY COURSE OF BUSINESS AT LEAST

EQUAL TO THE AMOUNT AT WHICH THEY ARE STATED.


Mar 31, 2010

1) Debit and Credit balances in the account of debtors, suppliers are subject to their respective confirmation and reconciliation.

2) In the opinion of Board of Director the current assets, loan and advances have the approximate realizable value at which these are stated, if realized in the ordinary course of business.

3) Provision for income tax liability has been made on the basis of Minimum Alternative tax as per section 115JB of Income Tax Act 1961.

4) There was no employee for full year or part of the year who was getting salary in excess of the limit laid down under section 217 (2A) of Companies Act, 1956.



 
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