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Notes to Accounts of Ruby Traders & Exporters Ltd.

Mar 31, 2014

1. None of the Raw Materials, Stores, Spares and Components consumed or purchased during the year have been imported.

2. None of the Earnings / Expenditures is in Foreign Currency.

3. Balance of Debtors, Creditors, Deposits, Loans and Advances are subject to confirmation.

4. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

5. Investments of the Company have been considered by the management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

6. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value state, if realized in the ordinary course of business. Provisions for all known liabilities are adequate and not in excess of the amount considered necessary for the same.

7. Contingent Liabilities

Contingent Liabilities not provided for - Nil

8. Particulars of Director''s Remuneration (In Rupees) Rs.75,000 has been paid to Managing Director as Remuneration for the Year apart from Directors sitting fees. (P.Y. Rs. Nil)

9. Related Party Transactions

Key Management Personnel - Mr. Ramrati Chowdhury - Managing Director Subsidiary & Group Companies or Companies under same management - Not Any.

Details of transactions with related parties - Rs. 75,000 (P.Y.Rs.Nil) has been paid to Managing Director as Managerial Remuneration

10. Sundry Debtors and creditors are subject to confirmation and reconciliation.

11. There are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2014. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

12. Previous years'' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.


Mar 31, 2013

1. None of the Raw Materials, Stores Spares and Components consumed or purchased during the year have been imported.

2. None of the Earnings / Expenditures is in Foreign Currency.

3. Balance of Debtors, Creditors, Deposits, Loans and Advances are subject to confirmation.

4. In the opinion of the Board, the Current Assets, Loans & Advances arc approximately of the value seated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary,

5. Investments of the Company have been considered by the management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

6. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value state, if realised in the ordinary course of business. Provisions for all known liabilities are adequate and not in excess of the amount considered necessary for the same.

7. Contingent Liabilities

Contingent Liabilities not provided for Nil

8. Particulars of Director's Remuneration (In Rupees)

Rs. Nil has been paid to Directors as Remuneration for the Year apart from Directors sitting fees. (P.Y. Rs. Nil)

9. Related Party Transactions

Key Management Personnel — Mr. Rajnish Parolia - Director - Not Any

Subsidiary & Group Companies or Companies under same management — Not Any

Details of transactions related parties - Rs. NIL (P.Y, Rs. NIL)

10. Deffered Tax on Depreciation;

Deffered Tax Liability (Net) for the year ended 31st March 2013 amounts to Rs. NIL (P.Y. Rs. 51.47)

11. Sundry Debtors and creditors arc subject to confirmation and reconciliation,

12. There arc no Micro and Small Scale business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2013. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

13. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of Part 11 of Schedule VI of the Companies Act, 1956 to the extern applicable is as under

14. Previous years' figures have been regrouped, rearranged wherever necessary to make them comparable wiih those of current year.




Mar 31, 2012

1 None of the Raw Materials, Stores, Spares anti Components consumed or purchased during the year have been imported.

2 None of the Earnings / Expenditures is in foreign Currency.

3 Balance of Debtors, Creditors, Deposits, Loans and Advances are subject to confirmation,

4. In die opinion of the Board, the Current Assets, Loans & Advances ate approximately of tire value stated if realised in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary, investments of the Company have been considered by the management to of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

b. in die opinion of die Board, Current Assets, Loans and Advances are approximately of the value stale, if Realized m the ordinary course of business. Pro for all known liabilities are adequate and not in excess of the a considered necessary for die same.

5. Contingent Liabilities

Contingent. liabilities not provided for - Nil

6. Particulars of Director''s Remuneration (I n Rupees) Rs Nil has been paid to Directors as Remuneration for the Year apart from Directors siuing fees, (PY,Rs Nil)

7 Related party Trasactions

Key Management Personnel - Mr. Rajnish Parolia - Director Not Any

Subsidiaiy & Group Companies or Companies under same management — Not Any. Details of transacnons with related parties - Rs. Nil (P.Y. Rs. Nil,)

8, Deffered Tax on Depreciation

Deffered Tax Liability (Net) for the year ended 31* March 2012 amounts to Rs, Nil, (P,Y. Rs, 51.47)

9. Sundry Debtors and creditors me subject to confirmation and reconciliation.

10. I here are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2012. This information as required to be disclosed under Micro, Small and Medium Entepreises Development Act, 2006 has been detemmned to the extern such parties have been identified on the basis of information available with the Company

11. Information purs wine to provisions of paragraph 3.4(C) anti 4(D) of Part II of Schedule VI of the Companies Act, 1956 to the extent applicable is as under:

12. Previous years'' figures have been regrouped, rearranged wherever necessary to malic them comparable with those of current year.

 
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