Mar 31, 2014
Corporate Information
A. Brief Business Activity
Rishabhdev Technocable Ltd is Engaged in Manufacturing & Trading of All
Types of cables, Industrial & House Hold Wires & protection Materials,
as per customers & Indian Standard Specification & automation drive
systems, Any Type of Cables as per Customers Specification As per
national and International Standard.
B. Place of Business
Regd. Office No. 53, 1st Floor, Jagat Satguru Industrial Estate,
Vishveshwar Nagar Road, Goregaon (E), Mumbai - 400069
Plant Survey No. 60/P, 60/1/P, 2/P, 4/P & 68 Village
Karajgam Silvassa - UT-396230
1. Balances of Debtors, Loans and Advances, Secured & Unsecured Loans,
Sundry Creditors & Others are subject to confirmation and
reconciliation and consequential adjustments, if any.
2. In the opinion of the Board & to the best of their knowledge &
belief the value of realisation of current assets, loans & advances in
the ordinary course of business would not be less than the amount at
which they are stated in the Balance Sheet & the provisions for all the
loans & determined liabilities is adequate and not in excess of the
amount.
3. On behalf of the company the Company''s bankers have not given
guarantees to third parties (Previous year & Current year Nil).
4. No provision has been made for liability in respect of excise duty
on stock held in the factory for Rs. 577,30,963/- (Previous year Rs.
813,81,367/-) as the same will be made on clearance at the time such
duty is payable.
5. Provision for retirement benefits to employees was not provided on
accrual basis, which is not in conformity with Accounting Standard-15
issued by ICAI and the amount has not been quantified because actuarial
valuation report is not available. However, in the opinion of the
management the amount involved is negligible and has no material impact
on the Profit & Loss Account.
6. According to a technical assessment carried out by the Company,
there is no impairment in the carrying cost of cash generating units of
the Company in terms of accounting standards-28 issued by the Institute
of Chartered Accountants of India.
7. The Company has not received the required information from
suppliers regarding their status under the Micro, Small and Medium
Enterprises Development Act, 2006. Hence disclosures, if any, relating
to amounts unpaid as at the yearend together with interest paid/payable
as required under the said Act have not been made.
2013-2014 2012-2013
8. Other money for which the Company is
contingently liable in respect of bill
discounting with bank. NIL NIL
9. Accounts payable to Small Scale Industrial Undertaking under the
head of Sundry Creditors - NIL (Previous Year - NIL)
10. Liability of F.Y. 2009-2010 & 2010-2011 has not been shown in
balance sheet because it is contingent liability, due to this profit is
overstated.
11. The Revised Schedule VI has become effective from 1 April, 2011
for the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year''s figures have been regrouped/reclassified
wherever necessary to correspond with the current year''s
classification/disclosure.
Mar 31, 2013
A. Brief Business Activity
Rishabhdev Technocable Ltd is Engaged in Manufacturing & Trading of All
Types of cables, Wires, Electrical Products, Industrial & House Hold
Wires & Materials, Copper Metals PVC Compound For Electrical Cables
Application, as per customers & Indian Standard Specification & as per
requirements, The Largest Manufacturers of Special Process Control
Instrumentation Cables, Thermocouple Extension & Compensating Cables,
Profibus Cables DH 2 Cables, Hi - Speed Industrial Automation Cables &
Drive Systems, Any Type of Special Cables as per Customers
Specification As per International Standard, Shielded & Screened Cables
as per BS- IEC/IEEE/VDE /BIS/ANSI Standard Specification.
1. Balances of Debtors, Loans and Advances, Secured & Unsecured
Loans, Sundry Creditors & Others are subject to confirmation and
reconciliation and consequential adjustments, if any.
2. In the opinion of the Board & to the best of their knowledge &
belief the value of realisation of current assets, loans & advances in
the ordinary course of business would not be less than the amount at
which they are stated in the Balance Sheet & the provisions for all the
loans & determined liabilities is adequate and not in excess of the
amount.
3. On behalf of the company the Company''s bankers have not given
guarantees to third parties (Previous year & Current year Nil).
4. No provision has been made for liability in respect of excise duty
on stock held in the factory for Rs.8,13,81,367/- (Previous year t
1,11,88,706/-) as the same will be made on clearance at the time such
duty is payable.
5. Provision for retirement benefits to employees was not provided on
accrual basis, which is not in conformity with Accounting Standard-15
issued by ICAI and the amount has not been quantified because actuarial
valuation report is not available. However, in the opinion of the
management the amount involved is negligible and has no material impact
on the Profit & Loss Account.
6. According to a technical assessment carried out by the Company,
there is no impairment in the carrying cost of cash generating units of
the Company in terms of accounting standards-28 issued by the Institute
of Chartered Accountants of India.
7. The Company has not received the required information from
suppliers regarding their status under the Micro, Small and Medium
Enterprises Development Act, 2006. Hence disclosures, if any, relating
to amounts unpaid as at the yearend together with interest paid/payable
as required under the said Act have not been made.
8. Accounts payable to Small Scale Industrial Undertaking under the
head of Sundry Creditors NIL (Previous Year-NIL)
9. The Revised Schedule VI has become effective from 1 April, 2011 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year''s figures have been regrouped/reclassified
wherever necessary to correspond with the current year''s
classification/disclosure.
Mar 31, 2012
Note: Related parties have been identified by the Management.
Details of related party transactions during the year ended 31 March,
2012 and balances outstanding as at 31 March, 2012:
1. Continuing operations
Net profit / (loss) for the year from
continuing operations 1,64,14,606.29 -40,22,074.00
Less: Preference dividend and tax thereon 0 0
Net profit / (loss) for the year from
continuing operations attributable
to the equity 1,64,14,606.29 - 40,22,074.00
shareholders
Weighted average number of equity shares 26689868 26689868
Par value per share 10 10
Earnings per share from continuing
operations - Basic 0.62 -0.15
2. Balances of Debtors, Loans and Advances, Secured & Unsecured
Loans, Sundry Creditors & Others are subject to confir- mation and
reconciliation and consequential adjustments, if any.
3. In the opinion of the Board & to the best of their knowledge &
belief the value of realisation of current assets, loans & advances in
the ordinary course of business would not be less than the amount at
which they are stated in the Balance Sheet & the provisions for all the
loans & determined liabilities is adequate and not in excess of the
amount.
4. On behalf of the company the Company's bankers have not given
guarantees to third parties (Previous year & Current year Nil).
5. No provision has been made for liability in respect of excise duty
on stock held in the factory for Rs.1,11,88,706/- (Previ- ous year Rs.
66,18,900/-) as the same will be made on clearance at the time such
duty is payable.
6. Provision for retirement benefits to employees was not provided on
accrual basis, which is not in conformity with Accounting Standard-15
issued by ICAI and the amount has not been quantified because actuarial
valuation report is not available. However, in the opinion of the
management the amount involved is negligible and has no material impact
on the Profit & Loss Account.
7. According to a technical assessment carried out by the Company,
there is no impairment in the carrying cost of cash generating units of
the Company in terms of accounting standards-28 issued by the Institute
of Chartered Accountants of India.
8. The Company has not received the required information from
suppliers regarding their status under the Micro, Small and Medium
Enterprises Development Act, 2006. Hence disclosures, if any, relating
to amounts unpaid as at the yearend together with interest paid/payable
as required under the said Act have not been made.
9. The Revised Schedule VI has become effective from 1 April, 2011 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year's figures have been regrouped/reclassified
wherever necessary to correspond with the current year's
classification/disclosure.
Mar 31, 2011
1. Balances of Debtors, Loans and Advances, Secured & Unsecured Loans,
Sundry Creditors & Others are subject to confirmation and
reconciliation and consequential adjustments, if any.
2. In the opinion of the Board & to the best of their knowledge &
belief the value of realization of current assets, loans & advances in
the ordinary course of business would not be less than the amount at
which they are stated in the Balance Sheet & the provisions for all the
loans & determined liabilities is adequate and not in excess of the
amount.
3. On behalf of the Company the Company's bankers have not given
guarantees to third parties (Previous year & Current year Nil.
4. There was no employees who were in receipts of remuneration of Rs.
1200000/- or above per annum (employed throughout the year) or Rs.
100000/- per month (employed for part of the year )
5. No provision has been made for liability in respect of excise duty
on stock held in the factory for Rs.66,18,900 (Previous year
Rs.4,22,77,430/-) as the same will be made on clearance at the time
such duty is payable.
6. Provision for retirement benefits to employees was not provided on
accrual basis, which is not in conformity with Accounting Standard-15
issued by ICAI and the amount has not been quantified because actuarial
valuation report is not available. However, in the opinion of the
management the amount involved is negligible and has no material impact
on the Profit & Loss Account.
7. According to a technical assessment carried out by the Company,
there is no impairment in the carrying cost of cash generating units of
the Company in terms of accounting standards-28 issued by the Institute
of Chartered Accountants of India.
8. The Company has not received the required information from
suppliers regarding their status under the Micro, Small and Medium
Enterprises Development Act, 2006. Hence disclosures, if any, relating
to amounts unpaid as at the yearend together with interest paid/payable
as required under the said Act have not been made.
9. Accounts payable to Small Scale Industrial Undertaking under the
head of Sundry Creditors à NIL (Previous Year à NIL)
Note : Related Parties as disclosed by the management and relied upon
by auditors. Related Party Transactions:-
10. Balance Sheet Abstract & Company's general business profiles as
required by part IV of Schedule VI to the Companies Act, 1956 is
enclosed in ANNEXURE 'B'.
11. Previous year's figures have been regrouped, rearranged and
reclassified wherever necessary to conform to the current's
classification/ presentation.
Mar 31, 2010
1 In the opinion of the Board the Current assets and loans and advances
are approximately of the value stated, if realised in the ordinary
course of the business.
The provision for all known liabilities is adequate and not in excess
of the amount reasonably necessary.
2 No provision is made for gratuity as the provision of payment of
Gratuity Act, 1972 is not applicable during the year.
3 On behalf of the company the Companys bankers havenot given
guarantees to third parties (Previous year & Current year Nil.
4 There was no employees who were in receipts of remunaration of Rs.
1200000/- or above per annum ( employed throughout the year) or Rs.
100000/- per month (employed for part of the year )
5 No provision has been made for liability in respect of excise duty on
stock held in the factory for Rs42277430 (Previous year Rs.7931924/-)
as the same will be made on clearance at the time such duty is payable.
6 The Company has issue Total 6000000 Global Depository Receipt
underlying 120000000 Equity Shares in two part in the ratio of 1 GDR :
2 Equity Shares of face value of Rs. 10/- each and Company had incurer
the Foreign Exchange Loss of Rs. 90 Lacs which is being capitalised and
shown under the head of Miscellaneous Expenditure as per AS-11
7 The Company has successfully Completed its FPO follow on Public Offer
of equity shares of 9000768 of face value of Rs. 10/- each at a premium
of Rs. 23/- per Shares and receipts from follow on Public Offer is
fully utilized to fulfil the object of the issue mentioned in the
Prospectus of the FPO.