Mar 31, 2014
Dear Members,
The Directors have the pleasure in presenting the 20th Annual Report
on the business and operations of the Company for the year ended
31-03-2014 together with the audited accounts for the year ended
31-03-2014.
FINANCIAL RESULTS: (Rs. In Lacs)
PARTICULARS 2013-14 2012-13
Gross Turnover (Net of Excise) 11,515.02 10,272.37
Other Income 3.35 11.69
Net Profit 221.64 402.38
Less: Depreciation 213.48 222.11
Profit/Loss before Tax 8.16 180.27
Provision for Tax 1.50 38.58
Prior Period Adjustment - -
Profit/Loss after Tax 6.66 141.69
Proposed Dividend - -
Dividend Distribution Tax - -
Deferred Tax Liability 160.99 -
Amount brought forward from last year''s account 1,162.76 1,021.07
MAT Credit Benefit - -
Balance carried to Balance Sheet 1008.43 1,162.76
DIVIDEND
In view of inadequacy of profit for the year under review, your
Directors do not recommend dividend on the Equity Shares for the year
under Review.
REVIEW OF OPERATIONS
The turnover for the financial year 2013-2014 is Rs. 11515.02 Lacs
against Rs. 10,272.37 Lacs for the financial year 2012-2013.
DIRECTORS
In accordance with the provision of the Companies Act, 2013 and the
Articles of the Company, Mr. Umashankar Manikrao Singh and Mr.
Amalaprasad Parasnath Mishra, are be and is hereby appointed as an
Independent Director of the Company with effect from 30th September,
2014 up to 29th September, 2019.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to Section 217 (2AA) of the Companies (Amendment) Act, 2000
the Director''s confirm that:
1. In preparation of annual accounts applicable Accounting Standards
have been followed with proper explanation relating to material
departures.
2. That Directors had selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the Company at the end of the financial year 31st March 2014 and of
the profit or loss of the company for that period.
3. The directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and
for preventing and detecting fraud and other irregularities.
4. The directors had prepared the annual accounts on a going concern
basis for the Financial Year ended 31st March, 2014.
AUDIT COMMITTEE
The composition of Audit Committee is as given in the Report on
Corporate Governance
SHAREHOLDERS''/INVESTOR GRIEVANCE COMMITTEE
The composition of Shareholders''/Investor Grievance Committee is as
given in the Report on Corporate Governance
REMUNERATION COMMITTEE
The composition of Remuneration Committee is as given in the Report on
Corporate Governance
REPORT ON CORPORATE GOVERNANCE
Pursuant to Clause 49 if the Listing Agreement with the Stock
Exchanges, Management Discussion and Analysis Report and Corporate
Governance Report are made as a part of this Annual Report.
SAFETY, HEALTH AND ENVIRONMENT
Sustained and meticulous efforts continue to be exercised by the
Company at all plants of the Company, towards greener production and
environment conservation. The Company perseveres in its efforts to
indoctrinate safe and environmentally accountable behavior in every
employee, as well as venders, by rigid compulsory annual training and
refresher courses, as well as frequent awareness programs, Mock drills
of emergency preparedness are regularly conducted at all the plants
showing Company''s commitment toward safety, not only of its own men and
plants, but also of the society at large.
Safety records, at all plants showed considerable improvement and
accident statistics showed downward trend. This was made possible by
strict adherence to laid down procedures and following of international
guidelines, involvement of workers in all safety matters has been
encouraged by their participation in shop floor safety meeting.
The health of employees and the environment in and around the plant
area have been given due care and attention. The Company continued to
comply with the prescribed industrial safety environment protection and
pollution control regulation at its production plant, through periodic
checks of the system involved and constant monitoring to meet the
standards set by the pollution control authorities etc.
INDUSTRIAL RELATIONS & HUMAN RESOURCES MANAGEMENT
The Company recognizes that in a people-intensive business, major gains
can be scored in the area productivity management. In view of this,
the Company strengthened its people management through
performance-linked incentives, amenities, training, multi-skilling and
career path identification.
The Company is of firm belief that good human Resource Management would
ensure success though high performance HR strategy and plans of the
company are deeply imbedded with the organizational goal is set to
increase the production capacity of the various plants and rationalize
the manpower through scientific study. All the operational goals of the
top management emanate from the business plan. The goal of Chairman is
shared with his subordinates who in turn share their goal with their
respective subordinates and so on. Regular visits by HR team are being
made to all plants to meet the employees and also interaction meeting
are conducted to get their feedback, based on which HR polices are
improved continuously. The process has resulted in better employees''
relationship.
The Company lays due emphasis on all round development of its human
resource. Hence training of the employees is aimed at systemic
development of knowledge, skill, aptitude and team work. Training is
designed for the development of personal skills necessary for the
performance of the present job and to prepare them for future growth.
Individual development is given top priority to groom high caliber
manpower.
ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The particulars required under Section 217(1)(e) of the Companies Act,
1956, read with the Companies (Disclosure of Particulars in the Report
of Board of Directors) Rules 1988, regarding conservation of energy,
technology absorption and foreign exchange earnings and outgo are given
in the Annexure forming part of this Report.
EMPLOYEES
None of the employees drew remuneration of Rs. 60,00,000/- or more per
annum Rs. 5,00,000/- or more per month during the year under review.
This information is furnished as required under Section 217 (2A) of
Companies Act, 1956, read with the Companies (Particulars of Employees)
Rules, 1975
FIXED DEPOSITS:
The Company has not invited/received any fixed deposits from the public
during the year under Report.
INSURANCE:
The properties, stock, assets of your Company are adequately insured.
AUDITORS
M/s DMKH & Co. Chartered Accountants, Statutory Auditors of the
Company, holds office to hold office for a period of Three years from
F.Y.2014-2015 Annual General Meeting to the Conclusion of F.Y.2016-201
7 Annual General Meeting of the Company and fix their remuneration and
is eligible for reappointment. The Company has received a letter from
M/s. DMKH & Co. Chartered Accountants to the effect that their
reappointment as Auditors, if made, would be within the limits under
Section 139 of the Companies Act, 2013.
AUDITORS, REPORT AND NOTES TO ACCOUNTS
The Board has duly reviewed the Statutory Auditors'' Report on the
Accounts. The observation appearing in the Auditors'' Report, including
the Sub-Judice matter are self-explanatory and do not call for any
further explanation/clarification by the Board of Directors under
Section 217(3) of the Companies Act, 1956.
EMPLOYEE RELATIONS
The management employee relations continue to be cordial the Board is
committed to strengthen the same and to work towards ensuring health,
safety, welfare and a healthy working environment for its employees.
ACKNOWLEDGEMENT:
Your Directors place on record their appreciation of the assistance and
support extended by Bankers, Consultants, Customers, Suppliers, Service
Providers, Government Department, Solicitors, Shareholders and
Employees of the Company.
For and on Behalf of the Board of Directors
For Rishabhdev Technocable Limited
-sd-
Sunil B. Golchha
Chairman & Managing Director
DIN : 00318899
Date : 30.05.2014
Place : Mumbai
Mar 31, 2012
The Directors have the pleasure in presenting the 18th Annual Report
on the business and operations of the Company for the year ended
31-03-2012 together with the audited accounts for the year ended
31-03-2012.
FINANCIAL RESULTS: (Rs. In Lacs)
PARTICULARS 2011-2012 2010-2011
Gross Turnover (Net of Excise) 9248.67 7209.02
Other Income 30.83 70.39
Net Profit 386.15 229.79
Less: Depreciation 154.16 141.63
Profit/Loss before Tax 231.99 88.15
Provision for Tax 47.50 20.00
Prior Period Adjustment - 4.20
Profit/Loss after Tax 164.15 (40.22)
Proposed Dividend - -
Dividend Distribution Tax - -
Deferred Tax Liability 20.35 104.16
Amount brought forward from last year's account 856.93 897.14
MAT Credit Benefit - -
Balance carried to Balance Sheet 1021.07 856.92
DIVIDEND
In view of inadequacy of profit for the year under review, your
Directors do not recommend dividend on the Equity Shares for the year
under Review.
REVIEW OF OPERATIONS
The turnover for the financial year 2011-2012 was 9248.67 against Rs.
7209.02 for the financial year 2010-2011.
DIRECTORS
In accordance with the provision of the Companies Act, 1956 and the
Articles of the Company, Shri Umashanker M. Singh, Director of the
Company are due for retiring by rotation and being at the forthcoming
Annual General Meeting, and being eligible, have offered themselves for
re-appointment.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to Section 217 (2AA) of the Companies (Amendment) Act, 2000
the Director's confirm that:
1. In preparation of annual accounts applicable Accounting Standards
have been followed with proper explanation relating to material
departures.
2. That Directors had selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the Company at the end of the financial year 31st March 2012 and of
the profit or loss of the company for that period.
3. The directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and
for preventing and detecting fraud and other irregularities.
4. The directors had prepared the annual accounts on a going concern
basis for the Financial Year ended 31st March, 2012.
AUDIT COMMITTEE
The composition of Audit Committee is as given in the Report on
Corporate Governance
SHAREHOLDERS'/INVESTOR GRIEVANCE COMMITTEE
The composition of Shareholders'/Investor Grievance Committee is as
given in the Report on Corporate Governance REMUNERATION COMMITTEE
The composition of Remuneration Committee is as given in the Report on
Corporate Governance
REPORT ON CORPORATE GOVERNANCE
Pursuant to Clause 49 if the Listing Agreement with the Stock
Exchanges, Management Discussion and Analysis Report and Corporate
Governance Report are made as a part of this Annual Report.
SAFETY, HEALTH AND ENVIRONEMENT
Sustained and meticulous efforts continue to be exercised by the
Company at all plants of the Company, towards greener production and
environment conservation. The Company perseveres in its efforts to
indoctrinate safe and environmentally accountable behavior in every
employee, as well as venders, by rigid compulsory annual training and
refresher courses, as well as frequent awareness programs, Mock drills
of emergency preparedness are regularly conducted at all the plants
showing Company's commitment toward safety, not only of its own men and
plants, but also of the society at large.
Safety records, at all plants showed considerable improvement and
accident statistics showed downward trend. This was made possible by
strict adherence to laid down procedures and following of international
guidelines, involvement of workers in all safety matters has been
encouraged by their participation in shop floor safety meeting.
The health of employees and the environment in and around the plant
area have been given due care and attention. The Company continued to
comply with the prescribed industrial safety environment protection and
pollution control regulation at its production plant, through periodic
checks of the system involved and constant monitoring to meet the
standards set by the pollution control authorities etc.
INDUSTRIAL REALATIONS & HUMAN RESOURCES MANAGEMENT
The Company recognizes that in a people-intensive business, major gains
can be scored in the area productivity management. In view of this,
the Company strengthened its people management through
performance-linked incentives, amenities, training, multi-skilling and
career path identification.
The Company is of firm belief that good human Resource Management would
ensure success though high performance HR strategy and plans of the
company are deeply imbedded with the organizational goal is set to
increase the production capacity of the various plants and rationalize
the manpower through scientific study. All the operational goals of the
top management emanate from the business plan. The goal of Chairman is
shared with his subordinates who in turn share their goal with their
respective subordinates and so on. Regular visits by HR team are being
made to all plants to meet the employees and also interaction meeting
are conducted to get their feedback, based on which HR polices are
improved continuously. The process has resulted in better employees'
relationship.
The Company lays due emphasis on all round development of its human
resource. Hence training of the employees is aimed at systemic
development of knowledge, skill, aptitude and team work. Training is
designed for the development of personal skills necessary for the
performance of the present job and to prepare them for future growth.
Individual development is given top priority to groom high caliber
manpower.
ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The particulars required under Section 217(1)(e) of the Companies Act,
1956, read with the Companies (Disclosure of Particulars in the Report
of Board of Directors) Rules 1988, regarding conservation of energy,
technology absorption and foreign exchange earnings and outgo are given
in the Annexure forming part of this Report.
EMPLOYEES
None of the employees drew remuneration of Rs. 60,00,000/- or more per
annum Rs 5,00,000/- or more per month during the year under review.
This information is furnished as required under Section 217 (2A) of
Companies Act, 1956, read with the Companies (Particulars of Employees)
Rules, 1975
FIXED DEPOSITS:
The Company has not invited/received any fixed deposits from the public
during the year under Report.
INSURANCE:
The properties, stock, assets of your Company are adequately insured.
AUDITORS
M/s DMKH & Co. Chartered Accountants, Statutory Auditors of the
Company, holds office until the conclusion of the ensuing Annual
General Meeting and is eligible for reappointment. The Company has
received a letter from M/s. DMKH & Co. Chartered Accountants to the
effect that their reappointment as Auditors, if made, would be within
the limits under Section 224 (1B) of the Companies Act, 1956.
AUDITORS, REPORT AND NOTES TO ACCOUNTS
The Board has duly reviewed the Statutory Auditors' Report on the
Accounts. The observation appearing in the Auditors' Report, including
the Sub-Judice matter are self-explanatory and do not call for any
further explanation/clarification by the Board of Directors under
Section 217(3) of the Companies Act, 1956.
EMPLOYEE RELATIONS
The management employee relations continue to be cordial the Board is
committed to strengthen the same and to work towards ensuring health,
safety, welfare and a healthy working environment for its employees.
ACKNOWLEDGEMENT:
Your Directors place on record their appreciation of the assistance and
support extended by Bankers, Consultants, Solicitors, Shareholders and
Employees of the Company.
For and on Behalf of the Board of Directors
For Rishabhdev Technocable Limited
Sd/-
Sunil B. Golchha
Chairman & Managing Director
Date: 20.06.2012
Place: Mumbai
Mar 31, 2011
Dear Shareholders,
The Directors have the pleasure in presenting the 17th Annual Report
on the business and operations of the Company for the year ended
31-03-2011 together with the audited accounts for the year ended
31-03-2011.
FINANCIAL RESULTS:
(Rs. In Lacs)
PARTICULARS 2010-2011 2009-2010
Gross Turnover (Net of Excise) 7209.02 7096.97
Other Income 70.39 12.44
Net Profit 229.79 405.80
Less: Depreciation 141.63 41.67
Profit/Loss before Tax 88.15 364.15
Provision for Tax 20.00 65.00
Provision for FBT - -
Prior Period Adjustment 4.20 9.77
Profit/Loss after Tax (40.22) 232.86
Proposed Dividend - -
Dividend Distribution Tax - -
Deferred Tax Liability 104.16 56.5
Interim Dividend and Dividend
Distribution Tax - -
Amount brought forward from last
year's account 897.14 648.45
MAT Credit Benefit - 15.83
Balance carried to Balance Sheet 856.92 897.14
OPERATIONS
The turnover for the financial year 2010-2011 was Rs. 7209.02 against
Rs. 7096.97.for the financial year 2009-2010.
TRANSFER TO RESERVES
Out of the total profit of Rs. (40.22) for the financial year
2010-2011, an amount of Rs. (40.22) is proposed to be transferred to
General Reserve.
DIVIDEND
In view of the growth of the Company, the Board does not recommend any
Dividend for the financial year 2010-2011.
POSTAL BALLOT
The Approval of the Shareholders/ members was sought through postal
ballot for special/ Ordinary resolutions accordance with Provision of
section 192 A of the Act read with the companies ( Passing of the
resolutions by Postal Ballot ) Rules,2001. The Board appointed M/s
Arati Shah & Associates Chartered Accountants. as a Scrutinizer for
conducting postal ballot in fair and transparent manner. Postal Ballot
resolutions passed with an overwhelming majority of the Shareholders/
members of the Company.
EMPLOYEES
There were no employees drawing remuneration in excess of limits
specified under Section 217(2A) of the Companies Act, 1956, hence the
provisions are not applicable.
DIRECTORS
Mr. Amla Prasad P. Mishra, Independent Director retiring by rotation
and being eligible has offered himself for reappointment at the ensuing
Annual General Meeting.
DIRECTORS RESPONSIBILITY STATEMENT:
Your Directors state that:
1. In preparation of annual accounts applicable Accounting Standards
have been followed with proper explanation relating to material
departures.
2. That Directors had selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the Company at the end of the financial year and of the profit or
loss of the Company for that period.
3. The directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the Company and
for preventing and detecting fraud and other irregularities.
4. The directors had prepared the annual accounts on a going concern
basis.
DISCLOSURE PARTICULARS:
1. Conservation of energy:
a) Energy Conservation measures taken:- - Systematic control of the
idle running of machines to reduce consumption of energy.
b) Additional investment and proposals if any, being implemented for
the reduction of consumption of energy
- Energy conservation is not significant
c) Impact of measures at (a) and (b) above for reduction of energy
consumption and consequent impact on the cost of products/goods.
- N.A.
d) Total energy consumption & energy consumption per unit as per
prescribed Form A
- Not given, as the Company is not covered in the list of specified
items.
TECHNOLOGY ABSORPTION Ã FORM ÃB'
Research & development
1. Specific areas in which R&D carried out by Company
- Improvement in existing products/processes
2. Benefits derived as a result of the R&D
- Improvement in quality and material utilization
- Improved service to customer
3. Future plan of action:
- Continuation of present work in R&D.
- Improvement in existing products and processes in various areas in
which the Company is operating.
SHARE CAPITAL
Authorised Share Capital:
During the financial year 2010-2011, the Authorised Share Capital of
the Company is Rs.100,00,00,000 divided into 10,00,00,000 Equity Shares
of Rs. 10 each.
Paid Up Shares Capital:
Paid Up Capital of the Company is Rs. 266,898,680 divided into
266,898,68 Equity Shares of Rs.10 each.
Corporate Governance & Management Discussion and Analysis Statement:
A report on Corporate Governance is attached to this Report as also a
Management Discussion and Analysis Statement.
Acknowledgement
The Board of Director would like to thank the shareholders, all
Employees of the Company, customers, Associates Suppliers, Government
Departments and the bank for their continued support
By Order of the Board of Directors
For Rishabhdev Technocable Limited
sd/-
Sunil B. Golchha
Date : 16-08-2011 Chairman & Managing Director
Place : Mumbai
Mar 31, 2010
The Directors have the pleasure in presenting the 16th Annual Report
on the business and operations of the Company for the year ended 31st
March, 2010 together with the audited accounts for the year ended 31st
March, 2010.
FINANCIAL HIGHLIGHTS:
(Rs. In Lacs)
PARTICULARS 2009-2010 2008-2009
Gross Turnover (Net of Excise) 7096.97 4191.32
Other Income 12.44 24.03
Net Profit 405.82 367.65
Less: Depreciation 41.67 31.19
Profit/Loss before Tax 364.15 335.73
Provision for Tax 65 37.58
Provision for FBT - 1.48
Prior Period Adjustment 9.77 0.02
Profit/Loss after Tax 289.38 286.09
Proposed Dividend - -
Dividend Distribution Tax - -
Deferred Tax 56.5 -
Interim Dividend and Dividend Distribution Tax - -
Amount brought forward from last yearÃs account 648.45 362.36
MAT Credit benefit 15.83 -
Balance carried to Balance Sheet 897.14 648.45
OPERATIONS:
The turnover for the financial year 2009-2010 was Rs.7096..97 Lakhs
against Rs. 4191.32 Lakhs for the financial year 2008- 2009.
TRANSFER TO RESERVES
Out of the total profit of Rs. 289.38 Lakhs for the financial year
2009-2010, an amount of Rs. Nil is proposed to be transferred to
General Reserve.
DIVIDEND
In view of the growth of the Company, the Board does not recommend any
Dividend for the financial year 2009-2010.
EMPLOYEES
There were no employees drawing remuneration in excess of limits
specified under Section 217(2A) of the Companies Act, 1956, hence the
provisions are not applicable.
DIRECTORS
Mr. Kamal Chand B. Golchha, Whole Time Director retireing by rotation
and being eligible has offered himself for reappointment at the ensuing
Annual General Meeting.
During the year , Mr. Umashankar Manikrao Singh was appointed as
Additional Director on March 5, 2010. Mr. Umashankar Manikrao Singh was
appointed as an Independent Director. As per the provisions of Section
260 of the Companies Act, 1956, these Directors hold office upto the
date of the forthcoming Annual General Meeting of the Company.
Resolution seeking approval of the Members for the appointment of Mr.
Umashankar Manikrao Singh as Director of the Company have been
incorporated in the Notice of the forthcoming Annual General Meeting
along with the brief details about him.
Mr. Prakash Santoshchandra Jain was appointed as Directors on October
29, 2007, due to personal reasons resigned from the Board with effect
from December 3, 2009. There is no other change in the Constitution of
the Board.
Mr. Ashok Gulabchand Khanjanchi was appointed as Directors on September
28, 2006, due to personal reasons resigned from the Board with effect
from April 1, 2010. There is no other change in the Constitution of the
Board.
DIRECTORS RESPONSIBILITY STATEMENT:
Your Directors state that:
1. In preparation of annual accounts applicable Accounting Standards
have been followed with proper explanation relating to material
departures.
2. That Directors had selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the Company at the end of the financial year and of the profit or
loss of the company for that period.
3. The directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and
for preventing and detecting fraud and other irregularities.
4. The directors had prepared the annual accounts on a going concern
basis.
SHARE CAPITAL
Authorised Share Capital:
During the financial year 2009-2010, the Authorised Share Capital of
the Company is increase from Rs. 15,00,00,000 divided into 1,50,00,000
Equity Shares of Rs. 10 each vide Special Resolution Passed in the
Extra Ordinary General meeting held on August 11, 2009 and it further
increase to Rs. 75,00,00,000 divided into 7,50,00,000 equity shares of
Rs. 10/- each and further increase to 1,00,00,00,000 divided into
10,00,00,000 Equity Share of Rs. 10/- each. vide Special Resolution
Passed in the Extra Ordinary General meeting held on April 15, 2010.
Paid Up Shares Capital :
Paid Up Share Capital of the company is increase from Rs. 5,68,91,000
divided into 56,89,100 Equity Shares of Rs. 10 each to Rs.
14,68,98,680/- divided into 1,46,89,868 Equity Shares of Rs. 10/- each
and it further increase to Rs. 22,85,98,680 divided into 2,28,59,868
Equity Shares of Rs. 10/- each and it further increase to Rs.
26,68,98,680 divided into 2,66,89,868 Equity Shares of Rs. 10/- each.
Issue of Global Depository Receipt
During the financial year the company has Allotted the 40,85,000 Globle
Depository Receipt Underlying 81,70,000 Equity Shares (1GDR :2 Equity
Share) at the face value of Rs. 10/- each on October 30, 2009 with the
passing of the Special Resolution in the Extra Ordinary General Meeting
of the Company held on August 11, 2009.
Issue of Over-allotment of Global Depository Receipt
During the financial year the company has allotted the 19,15,000 Global
Depository Receipt Underlying 38,30,000 Equity Shares(1GDR :2 Equity
Share) at the face value of Rs. 10/- each on January 29, 2010 with the
passing of the Special Resolution in the Extra Ordinary General Meeting
of the Company held on August 11, 2009.
Issue of fully Convertible Warrants to Promoters & Promoters Group on
Preferential Basis
During the Financial year subject to the provisions of the Companies
Act, 1956, SEBI ( Issue of Capital and Disclosure Requirements)
Regulations, 2009 and approval of Stock Exchanges, and in terms of the
Board Resolution dated July 25, 2009 and Special Resolution passed by
the Members of the Company at their Extra Ordinary General Meeting held
on August 31, 2009, the consent of the Board of Directors of the
Company be and is hereby granted for allotment of 30,00,000 fully
convertible warrants of Rs.33/- each, convertible into Equity Shares of
face value of Rs.10/- each at premium of Rs.23/- per share warrant
aggregating to Rs.9,90,00,000/- on receipt of payment of Rs.8.25/- (
25% of the face value of the warrant) per warrant at the time of
application to the Promoter & Promoters Group on preferential Basis.
SME Rating
In the year 2009-10 the Company has received the CRISIL SME Rating ÃSE
1AÃ it indicates the ÃHighest Performance Capabilities & High Financial
Strengthà which further indicates the level of Creditworthiness adjudge
in relation to other SSIs of the Company.
The National Small Industries Corporation Limited
In the year 2009 Ã 10 the Company has received The National Small
Industries Corporation Limited for Government Purchase Enlistment on
dated February 02, 2010.
Corporate Governance & Management Discussion and Analysis Statement :
A report on Corporate Governance is attached to this Report as also a
Management Discussion and Analysis Statement.
Awards & Momento
IDBI Bank Ltd - a Success Story of Our CMD Mr. Sunil B. Golchha was
telecast in the Business Channel CNBC TV 18 and CNBC Awaz for 30
minutes about our business and growth.
CRISIL SME selected RTCL as a TOP 10 Nominee out of 40,000 SMEÃs for
the ÃChotta Business Bade Sapne (CBBS)Ã which was telecast 7 days in
the Business Channal CNBC TV 18 & CNBC Awaz and we received all 5 Green
Signal and rated as best wishes and momento as best proformer in the
SME sector.
Acknowledgement
The Board of Directors would like to thank the Shareholders, all
Employees of the Company, Customers, Suppliers and the Bankers for
their continued Support.
By Order of the Board of Directors
For Rishabhdev Technocable Limited
sd/-
Sunil B. Golchha
Date : 06.09.2010 Chairman & Managing Director
Place : Mumbai
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