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Notes to Accounts of RSC International Ltd.

Mar 31, 2014

1. Previous year figures have been regrouped/ rearranged wherever found necessary.

2. In view of insignificant amount of deferred tax liability, provision for DTL has not been made by the company during the year, under the provisions of AS-22 issued by ICAI.

3. Sundry Debtors, Sundry Creditors, Loans and Advances and bank accounts are subject to confirmation reconciliation.

4. Related Party Disclosures in terms of AS-18 issued ICAI in respect of key management personnel (Sh. G.C. Jain, Mg. Director; Sh. Ankur Jain, Director and Smt. Alka Jain, Director) and Associates Concerns (M/s Alpine Overseas and Mascot Fashions P. Ltd.) is as under:

5. Retirement benefits including gratuity and leave encashment are accounted for on cash basis. Provision on accrual as required by AS-15 issued by ICAI has not been made since there is no such liability.


Mar 31, 2013

1. Previous year figures have been regrouped/ rearranged wherever found necessary.

2. In view of insignificant amount of deferred tax liability, provision for DTL has not been made by the company during the year, under the provisions of AS-22 issued by ICAI.

3. Sundry Debtors, Sundry Creditors, Loans and Advances and Bank accounts are subject to confirmation/ reconciliation.

The company in terms of AS-18 issued by ICAI in respect of Key Management Personnel , : Director, Sh. Ankur Jain, Director and Smt. Alka Jain, Director) and Associate Concerns (M/s Alpine Overseas and Mascot Fashions P. Ltd.) is as under:

Particulars Key Management Personnel Associate Concern*

Amount Received Nil Rs. 2 70 lacs

Amount Paid Nil Nil

Amount Payable as on 31.03.2013 Rs. 0.20 lacs Rs, 2.60 lacs

Amount Receivable as on 31.03.2013 Rs. 0.56 lacs Rs'' 0*80 lacs

4. Retirement benefits including gratuity and leave encashment are accounted for on cash basis. Provision on accrual as required by AS-15 issued by ICAI has not been made since there is no such liability.


Mar 31, 2012

1.Previous year figures have been regrouped/rearranged wherever found necessary.

2. In view of insignificant amount of deferred tax liability, provision for DTL has not been made by the company during the year, under the provisions of AS-22 issued by ICAI.

3. Sundry Debtors, Sundry Creditors, Loans and Advances and Bank accounts are subject to confirmation/reconciliation.

4 Related Party Disclosures in terms of AS-18 issued by ICAI in respect of Key Management Personnel (Sh. G. C. Jain, Mg. Director, Sh. Ankur Jain, Director and Smt. Alka Jain, Director) and Associate Concerns (M/s Alpine Overseas and Mascot Fashions P. Ltd.) is as under:

5 Retirement benefits including gratuity and leave encashment are accounted for on cash basis. Provision on accrual as required by AS-15 issued by ICAI lies not been made since there is no such liability.


Mar 31, 2011

1. Previous year figures have been regrouped/ rearranged wherever found necessary.

2. Paise have been rounded off to nearest rupee.

3. In view of insignificant amount of deferred tax liability, provision for DTL has not been made by the company during the year, under the provisions of AS-22 issued by ICAI.

4. Sundry Debtors, Sundry Creditors, Loans and Advances and Bank accounts are subject to confirmation/ reconciliation.

5. Most of the sundry debtors and sundry creditors are older than six month but in the opinion of the management, sundry debtors are fully recoverable and sundry creditors are payable.

6. As informed by the management no amount is payable to Medium, Small and Micro enterprises.

7. Related Party Disclosures in terms of AS-18 issued by ICAI in respect of Key Management Personnel (Sh. G. C. Jain, Mg. Director; Sh. Ankur Jain, Director and Smt. Alka Jain, Director) and Associate Concerns

8. Retirement benefits including gratuity and leave encashment are accounted for on cash basis. Provision on accrual as required by AS-15 issued by ICAI has not been made since there is no such liability.


Mar 31, 2010

1. Previous year figures have been regrouped/ rearranged wherever found necessary.

2. Paise have been rounded off to nearest rupee.

3. in view of insignificant amount of deferred tax liability, provision for DTL has not been made by the company during the year, under the provisions of AS-22 issued by ICAI.

4. Sundry Debtors, Sundry Creditors, Loans and Advances and Bank accounts are subject to confirmation/ reconciliation.

5. Most of the sundry debtors and sundry creditors are older than six month but in the opinion of the management, sundry debtors are fully recoverable and sundry creditors are payable.

6. As informed by the management no amount is payable to Medium, Small and Micro enterprises.

7. Retirement benefits including gratuity and leave encashment are accounted for on cash basis. Provision on accrual as required by AS-15 issued by ICAI has not been made since there is no such liability.

 
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