Mar 31, 2018
27 ADDITIONAL INFORMATIONS
27.1 |
Contingent liabilities and commitments |
||
(To the extent not provided for) Contingent Liabilities |
|||
(a) Claim against the company not acknowledged As debts; (b) Guarantees |
|||
27.2 |
CIF value of import |
361498 |
680 009 |
Packing Material |
|||
Components and spare parts; |
2,007,886 |
1,972,384 |
|
Capital goods; |
0 |
19,490,664 |
|
Total |
2,369,384 |
22,143,057 |
|
27.3 |
Expenditure in foreign currency |
||
Exhibition & fair charges |
4,903,149 |
4,499,792 |
|
Travelling |
2,282,975 |
2,341,862 |
|
Others |
24,422,997 |
12,015,355 |
|
Total |
31,609,121 |
18,857,009 |
|
27.4 |
Details of consumption of imported and indigenous items |
915,950,878 |
664,664,021 |
Raw Materials |
|||
Indigenous |
|||
% Of Total |
100 |
100 |
|
Imported |
- |
- |
|
% Of Total |
- |
- |
|
Total consumption |
915,950,878 |
664,664,021 |
|
Spare parts and components |
|||
Indigenous |
135,758,854 |
91,021,066 |
|
% Of Total |
98.52 |
98 |
|
Imported |
2,007,886 |
1,972,384 |
|
% Of Total |
1.48 |
2 |
|
Total consumption |
137,766,840 |
92,993,550 |
|
27.5 |
Earning in foreign exchange |
||
Direct export of good calculated on FOB basis (Previous year''s figures have been regrouped reclassified wherever necessary to correspond with the current year'' classification / disclosure) |
1,356,927,871 |
991,483,133 |
28 Related Party Disclosures
28.1 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, Asha Garg
On 13th April 2018, Mr. Aditya Garg son of Mr. Amit Garg, Managing Director, was appointed for the position of a Management Trainee in the Marketing Department for a period of three months with the Stipend of Rs.15000/- per month.
Details of transactions carried out with related parties in the ordinary course of business:
(Rupees in Lacs) |
|||||||
Sr. No |
Nature of Business |
Key Management personnel''s |
Enterprises over which key management personnel & their relatives are able to exercise significant influence. |
Total |
|||
2017-18 |
2016-17 |
2017-18 |
2016-17 |
2017-18 |
2016-17 |
||
Remuneration |
|||||||
(i) |
Paid |
||||||
Ravinder Garg |
63.00 |
42.00 |
63.00 |
42.00 |
|||
Amit Garg |
63.00 |
42.00 |
63.00 |
42.00 |
|||
Nitin Garg |
63.00 |
42.00 |
63.00 |
42.00 |
|||
Asha Garg |
9.00 |
1.50 |
9.00 |
1.50 |
|||
(ii) |
Rent Paid |
||||||
Ravinder Garg |
1.50 |
1.50 |
1.50 |
1.50 |
|||
Amit Garg |
6.00 |
6.00 |
6.00 |
6.00 |
|||
Nitin Garg |
6.00 |
6.00 |
6.00 |
6.00 |
Mar 31, 2016
1. Rights, preference and restrictions attached to shares issued:
The Company has only one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. The dividend if proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
2. Related Party Disclosures
3.1Related Parties and transactions with them during the year as identified by the Management are given below:
4. Key Management personnel''s Sh. Ravinder Garg, Mr. Amit Garg, Mr. Nitin Garg
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
é 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.