Notes to Accounts of RKD Agri & Retail Ltd.

Mar 31, 2024

(O) Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax. Income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. Current tax assets and tax liabilities are offset where the Group has a legally enforceable right to offset and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously

(R) Amount due to Micro, Small and medium Enterprises.

There are no Micro and Small Scale Business Enterprises to whom the company overdues, which are outstanding for more then 45 days as at March 31^st 2023. This information as required to be disclosed under the 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. Therefore, the prescribed disclosures for liability of interest on overdue payment have not been given.

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Mar 31, 2014

1 SEGMENT INFORMATION

Primary Segment:

The company is engaged in the Comission Business and it is the primary segment.

Secondary Segment:

The company has one geographical segments based upon location of customers - within India.

2 LEASE ARRANGEMENTS

There is no Lease Agreement during the year by the Assessee.

3 DEFERRED TAX (LIABILITY) / ASSETS:

The company has not recognised deferred tax assets/liabilities arised on account of the Carried Forward Losses and the movement in such losses during the year.

4 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2011

I. Debts due from private limited companies and firm where any Directors is a director, Partner or Proprietor.

II. Secured Loan:

i) Union Bank Of India - Cash Credit A/c; Secured against hypothecation of Capital Equipments, Plant & Machinery acquired or to be acquired for leasing guaranteed by Managing Director and other three Director of the Company.

ii) The above cash credit account with Union Bank of India had became NPA in 1998 and the balance shown in Balance Sheet is excluding overdue interest and subject to reconciliation.

iii) The said account is under settlement with the bank and accordingly the company has paid total Rs.1.30 crores during the year F.Y.2010-11. The excess amount paid over the outstanding payable loan as per Company's record is shown in Miscellaneous Expenditure A/c. in Schedule "J" as Union Bank of India (Settlement A/c) Rs.10281224/-; which is pending to be adjusted on completion of settlement with Bank.

IV. Investments: The aggregate market value of long term quoted investment as on March 31, 2011 was Rs. Not Determined (Previous year Rs. Not Determined) representing a diminution in value of Rs. Not Determined (Previous year Rs. Not Determined). (Refer the Note I (6) for limitation on matter).

V. Directors Remuneration:

The Company has not given director remuneration to any of the directors during the F.Y.2010-11 (P.Y. 2009-10 Rs.NIL).

VII. Additional information pursuant to part IV of the schedule VI to the Companies Act, 1956 is given on separate sheet.

VIII. Name of the Company has been changed from Saheli Leasing & Industries Ltd. To Himalchuli Food Products Ltd. VIde order date 24.03.1999 No.048652/STA/1999-2000 of Registrar of Companies, Gujarat.

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Mar 31, 2010

I. Contingent Liabilities :

Income Tax Liabilities

The income Tax Department has preferred appeals before the order of Income Tax Appellant Tribunal, Ahmedabad against the two different order passed by the Gujarat High Court, Ahmedabad. Since the matter is under dispute and being sub-judice till the appeal decision, no effect thereof is given books of: account of the year. This disputed matter includes;

a) Penalty imposed of Rs. 323,005/- of A.Y.1994-1995 for concealment u/s, 271(1.){c) of Income Tax Act, 1961,

b) Penalty imposed of Rs. 1,114,364/- of A.Y.1995-1996 for concealment u/s. 27-1(1)(c) of income Tax Act, 1961.

II. Secured Loan:

i) Union Bank of India - Gash Credit A/c: Secured against hypothecation of Capital Equipments, Plant & Machinery acquired or to be acquired for leasing guaranteed by Managing Director and other three Director of the Company.

III. Investments: The aggregate market value of long term quoted investment as on March 31, 2010 was Rs. Not Determined (Previous year Rs. Not Determined) representing a diminution in value of Rs, Not Determined (Previous year Rs. Not Determined). (Refer the Note i (6) for limitation on matter).

IV. Additional information pursuant to part IV of the schedule VI to the Companies Act, 1956 is given on separate sheet.

V, Name of the Company has been changed from Saheli Leasing & Industries Ltd. To Himaichuli Food Products Ltd. Vide order date 24.03.1999 No.048652/STA/1999-2000 of Registrar of Companies, Gujarat.