Notes to Accounts of Dhanalaxmi Roto Spinners Ltd.

Mar 31, 2015

1.1 Working Capital Limits Sanctioned by Tamilnad Mercantile Bank Ltd., are repayable on demand from bank and are secured against Hypothecation of Inventories, Book Debts / Receivables , Bills Negotiation drawn under ILC/ FLC, against Collateral Security of Open Land and premises in the name of the Company and Personal Gurantee of Directors and the sanctionad limits are Rs. 1.50 Crores for C.C. Rs. 50 Lacs for FBN/IBN. Rs. 14 Crores for FLC/ILC. Rs. 15 Crores for Forward Contract.

2. Limits Sanctioned by Can Bank Factors Ltd is secured against the PDC's for the full value of factored invoices of 5 parties.

3. Orher Payables includes Rental Advance and statutory dues such as TDS Payable, Service Tax Payable and other Outstanding Liabilities.

4. As confirmed by the management, there are no dues above Rs. 1.00 Lakh Outstanding for more than 45 days to Micro and Small Scale Undertakings.

5. Fixed Deposits with Bank includes deposits of Rs.55.70/- Lakhs(Previous year 153.65/-) with maturity of more than 12 Months.

6. Advance to Others includes an amount of Rs. 11,00,000/- paid Anand Solvex Limited which is overdue and the case is pending in the court for the recovery of the same.

7. Deposits includes deposits paid towards amenities i.e., Electricity, Telephone, Rent etc.,

8. The company does not have Whole Time Company Secretary, as per requirements of Section 203 of the Companies Act, 2013. Hence, the accounts have not been signed by the Company Secretary.

9. The company operates in only one segment i.e. 'India'. Hence separate information on geographical segment is not required. The accounting policies adopted for segment reporting are in line with the accounting policies adopted for preparation of financial information of the Company.

10. Related Party Disclosure as per Accounting Standard -18:

During the year, the Company entered into transactions with the related parties. Those transactions along with related balances as at 31 st March, 2015 and for the year ended are presented in the following table.

11. Figures in brackets in these notes are in respect of previous year.

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Mar 31, 2014

1.1 Depreciation :

Depreciation has been provided on slraignt line method on pro-rata basis at the rates prescribed in Schedule XIV ol the Companies Act, 1956.

1.2 Inventories:

Inventories are valued at lower of cost and net realizable value whichever is lower.

1.3 Foreign Currency Transactions:

Transactions denominated In foreign currencies are recorded at the exchange rate prevailing on the date ol the transaction or that approximate the actual rate at the date of the transaction.

Monetary Items denoted in foreign currencies at the year end are restated at year end rates. Non monetary items are carried at cost

1.4 Investments:

Quoted Investments:

Investments are valued at cost. No provision is made lor the temporary decrease in the value ol the long term investments

Unquoted Investments: In the opinion ol the management Investment in the Unquoted Investment in Associates and other Companies are ol Long Term nature meant to be held permanently and any diminution in the latest available book value as compared to the cost of such shares Is considered temporary by the management and hence not provided (not ascertained)

1.5 Revenue Recognition :

Revenue Irom sale ol goods and services rendered Is recognized upon passage ol title and rendering ol services.

1.6 Dividend:

Income from Dividend is recognized as and when rece ve

1.7 Financial Derivatives and Commodity Hedging transactions :

In respect ol derivative contracts, premium paid gain/losses on settlement and losses on restatement are recognized in the Statement ol Profit and Loss.

1.8 Employee Benefits :

a) Short term employee benefits :

Employee Benefits such as salaries, allowances, and non-monetary benefits which fall due lor payment within a period ol twelve months after rendering of services, are charged as expense to theStatement of Profit and Loss in the period in which the service is rendered.

b) Post- employment benefits :

No provision has been made towards retirement benefits as In the opinion of the board; none ol the employees are eligible for the same.

1. General Information :

Dhanalaxml Roto Spinners Limited is mainly engaged in trading activity in the line of Textiles, Paper, Cotton Seed and Wood Pulp market. The company is trying to improve on in commodity trading and exports. The company is a Public Listed Company listed on the Bombay Stock Exchange.

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Mar 31, 2013

1. General Information :

Dhanalaxmi Roto Spinners Limited is mainly engaged in Trading Activity in the line of Textiles, Paper and Wood Pulp market. The Company is trying to improve on small beginning made in last couple of years in commodity trading and exports. The Company is a Public Listed Company Llisted on the Bombay Stock Exchange.

2.1 The company does not have Whole Time Company Secretary, as per requirements of Section 383A of the Companies Act, 1956. Hence, the accounts have not been signed by the Company Secretary.

2.2 The company operates in only one segment i.e. ''India''. Hence separate information on geographical segment is not required. The accounting policies adopted for segment reporting are in line with the accounting policies adopted for preparation of financial information of the Company

2.3 Related Party Disclosure as per Accounting Standard -18:

During the year, the Company entered into transactions with the related parties. Those transactions along with related balances as at 31st March, 2013 and for the year ended are presented in the following table.

2.4 Figures in brackets in these notes are in respect of previous year.

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Mar 31, 2012

1. General Information :

Dhanalaxmi Roto Spinners Limited is mainly engaged in Trading Activity in the line of Textiles, Paper and Wood Pulp market. The Company is tfying to improve on small beginning made in last couple of years in commodity trading and exports. The Company is a Public Listed Company Llisted on the Bombay Stock Exchange.

2.1 During the year there was no fresh issue of equity shares, hence number of shares out standing at the beginning of the year and at the end of the year are same i e., 39,00,300 Equity Shares.

2.2 No Shareholder is holding more than 5% of the Share holding in the Company.

3.1 Working Capital Loans Sanctioned by Tamilnad Mercantile Bank Ltd., are repayable on demand from banks, these have been secured by Hypothecation of Inventories Book Debts and Receivables and Collateral Security of open land and premises in the name of the Company and Personal Gurantees of Directors.

3.2 Limits Sanctioned by Can Bank Factors Ltd is secured against the PDC's for the full value of factored invoices of 3 parties.

4.1 Figures in brackets in these notes are in respect of previous year.

4.2 The financial slataments lor the year ended March 31,2012 had beer prepared as per the applicable, pre-revisecf Sechedute VI to the Companies Act, 1956. Consequent to Ihe notihcation ol Revised Seehedule VI under the Companies Act. 1956, the financial statements lor the year ended March 31, 2012 are prepared as per Revised Schedule VI. Accordingly the previous year figures have also been reclassified to ecnlirm to this year's classification. The adoption of Revised Schedule VI for previous year figures does not Impact recognition and measuremeni principles Followed for preparation of financial statements.

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Mar 31, 2011

1) Secured Loans:

Cash Credit (Stock) and Foreign Letter of Credit from Tamilnad Mercantile Bank Ltd are Secured against hypothecation of Stocks, Receivables, Collateral Security of open land and premises in the name of Company and Personal guarantees of Directors .

2) In the opinion of the Board of Directors, Current Assets and Loans and Advances have the value at which these are stated in the Balance Sheet, if, realized in the ordinary course of business, unless otherwise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required

3) As confirmed by the management, there are no dues above Rs.1.00 Lac outstanding for more than 45 days to Micro and Small Scale Undertakings.

4} The company does not have Whole Time Company Secretary, as per requirements of Section 383A of the Companies Act,1956. Hence, the accounts have not been signed by the Company Secretary.

5) The company operates in only one segment i.e. 'India'. Hence separate information on geographical segment is not required.The accounting policies adopted for segment reporting are in line with the accounting policies adopted for preparation of financial information of the Company.

6. Related Party Disclosure as per Accounting Standard -18 :

During the year, the Company entered into transactions with the related parties. Those transactions along with related balances as at 31st March, 2011 and for the year ended are presented in the following table.

(The information is given as compiled and certified by the management).

SI. No Associate Concerns

1. Anirudh Marketing

2 Inani Distributors

3 Karmanghat Securities (P) Ltd

Directors/Key Management Personnel

1 Rajkumar Inani

2 Narayan lnani

3 K.N.Prasad

4 Shyam Sunder Jakhotia

5 Simanth Roi Chowdhury

6 Anirudh Inani

Relatives of Directors/Key Management Personnel

1 Natasha Inani

2 Sangita Inani

3 Divya Inani

4 Sri Gopal Inani

5 Laxmikanta Inani

7) Figures in brackets in these notes are in respect of previous year.

8) Figures of previous have been regrouped/rearranged/ reclassified, wherever considered necessary to confirm to current years presentation.

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Mar 31, 2010

S.No Partculars 31/03/2010 31/03/2009

1 Contingent Liabilities not provided for Bank Guarantee and FLC issued By the Bank 97,79,433 73,15,508

2) Secured Loans:

Cash Credit (Stock) and Foreign Letter of Credit from Tamilnad Mercantile Bank Ltd are Secured against Hypothecation of Stocks, Receivables, Collateral Security of land in the name of Company and Personal guarantees of Directors.

3) In the opinion of the Board of Directors, Current Assets and Loans and Advances have the value at which these are stated in the Balance Sheet, if, realized in the ordinary course of business, unless otherwise stated and adequate provisions of all known liabilities husteaen made and are not in excess of the amount reasonably required.

4) As confirmed by the management, there are no dues above Rs. 1.00 Lakh outstanding for more than 45 days to Micro and Small Scale Undertakings.

5) The company does not have whole time Company Secretary, as per requirements of Section 383A of the Companies Act, 1956. Hence, the accounts have not been signed by the company Secretary.

6) The company operates in only one segment i.e. India. Hence separate information on geographical segment is not required. The accounting policies adopted for segment reporting are in line with the accounting policies adopted for preparation of financial information of the Company.

7) Related Party Disclosure as per Accounting Standard -18 :

During the year, the Company entered into transactions with the related parties. Those transactions along with related balances as at 31st March, 2010 and for the year ended are presented in the following table.

(The information is given as compiled and certified by the management.)

SL.

No ASSOCIATE CONCERNS

1 Anirudh Marketing

2 Inani Distributors

3 Inani Real Estate and Developers (P) Ltd

4 Dhansree Syntex (P) Ltd

5 Inani Commodities & Finance Ltd

6 Inani Securities Limited

7 Karmanghat Securities (P) Ltd



Directors/Key Management Personnel

1 Raj Kumar Inani

2 Narayan Inani

3 Anirudh Inani

4 K.N.Prasad

5 Shyam Sunder Jakhotia

6. Simanth Roy Chowdhury



Relatives of Directors/Key Management Personnel

1 Natasha Inani

2 Sangita Inani

3 Divya Inani

4 Sri Gopal Inani

5 Lakshmikanta Inani

8) Figures in brackets in these notes are in respect of previous year.

9) Figures of previous have been wherever considered necessary to confirm to current years presentation.