| NOTE-1
(I) OVERVIEW
The Company is in the business of refractory manufacturing and
selling. It produces High Alumina Refractory Bricks, Castables and
Supplying to Core Industries namely Cement, steel and others. The
Company is having manufacturing Units at Dalmiapuram (Tamil Nadu),
Khambalia and Katni (Madhya Pradesh) and its corporate office is
situated at New Delhi. The Securities of the Company were listed at
Calcutta Stock Exchange, Delhi Stock Exchange and Madras Stock
Exchange. However, Delhi Stock Exchange had been derecognized by
Securities and Exchange Board of India (SEBI) vide its order dated
19th November, 2014 and had also passed orders date 14th May, 2015 to
provide exit to Madras Stock Exchange, which had sought voluntary exit
from the stock exchange activities. The Company continues to be listed
at Calcutta Stock Exchange.
NOTE-2
Excise duty is net of reimbursement on job work production Rs.Nil
(previous year Rs.794.03 lacs). The sale of services includes
processing charges for job work Rs.Nil (previous year Rs.1855.26 lacs)
During the year, the Company has changed the method of determining the
cost of raw material from "Yearly Weighted Average Cost Method" to
"Real Time Weighted Average Cost Method". The impact of this change,
if any, could not be ascertained on account of installation of the new
accounting software "RAMCO" during the year.
NOTE-3
The following expenses have been charged to other Accounts -
Salaries, Wages and Benefits to Employees 125.28 133.78
NOTE-4
In the opinion of the Board and to the best of their knowledge and
belief, the value on realization of Current Assets, Loans and
Advances, will, in the ordinary course of business, not be less than
the amount at which they are stated in the Balance Sheet.
NOTE-5
Company has carried out production of refractories at its Dalmiapuram
Unit on job work basis and the same has been discontinued w.e.f.
01.04.2014.
NOTE-6
Previous year figures have been regrouped and/or rearranged wherever
necessary to correspond with current period figures.
NOTE-7
All amounts including those in contingent liabilities and notes have
been expressed in Rupees Lacs rounded off to the nearest thousands.
Figures less than Rupees five hundred which are required to be shown
separately have been shown at actuals in double bracket. Figures in
Metric Tonnes have been rounded off to the nearest Metric Tonne.
NOTE-8
As per Accounting Standard (AS)-15 "Employee Benefits", the disclosure
of employee benefits as defined in the Accounting standard is given
below:
(a) Defined Contribution Plans:- The Company has recognised an expense
of Rs.91.48 lacs (previous year Rs.86.16 lacs) towards the defined
contribution plan.
NOTE-9
Related Party Disclosures, as required by Accounting Standard -18 is
as below:
A. Relationships:
(i) Key Managerial Personnel :-
Shri C.N. Maheshwari Chief Executive Officer Designated as KMP w.e.f.
29.05.2014
Shri S.K. Srivastava Chief Financial Officer Designated as KMP w.e.f.
29.05.2014
Ms. Akansha Jain Company Secretary w.e.f. 26.08.2014
(ii) Promoters of the Company/Relatives of the Promoters:-
Shri J. H. Dalmia, Shri Y. H. Dalmia, J. H. Dalmia (HUF), Y. H. Dalmia
(HUF), Shri Gautam Dalmia, Shri Puneet Yadu Dalmia, Gautam
Dalmia(HUF), Smt. Kavita Dalmia,Smt.BelaDalmia,Smt.AnupamaDalmia, Smt.
Avantika Dalmia, Kumari Shrutipriya Dalmia, Kumari Sukeshi Dalmia,
Kumari Vaidehi Dalmia, Kumari Sumana Dalmia, Kumari Avanee Dalmia,
Mst. Priyang Dalmia.
(in) Enterprises controlled by the Promoters of the Company:-
Rama Investment Company Private Limited, Puneet Trading & Investment
Company Private Limited, Kavita Trading & Investment Company Private
Limited, Sita Investment Company Limited, Mayuka Investment Limited,
Ankita Pratisthan Limited, Himgiri Commercial Limited, Valley Agro
Industries Limited, Shree Nirman Limited, Keshav Power Limited, Avanee
and Ashni Securities Private Limited, OCL India Limited, ZipAhead.Com
Private Limited, Alirox Abrasives Limited, Dalmia Bharat Limited
(formerly Dalmia Bharat Enterprises Limited), Kanika Investment
Limited, Ishita Properties Limited, Dalmia Cement (Bharat) Limited
(Formerly Avnija Properties Limited), D.I. Properties Limited, Geetee
Estates Limited, Hemshila Properties Limited, Shri Rangam Properties
Limited, Arjuna Brokers & Minerals Limited, Dalmia Minerals &
Properties Limited, Shri Radha Krishna Brokers & Holdings Limited,
Dalmia Power Limited, DCB Power Ventures Limited, Sri Shanmugha Mines
& Minerals Limited, Sri Subramanya Mines & Minerals Limited, Sri
Swaminatha Mines & Minerals Limited, Sri Madhusudhana Mines and
Properties Limited, Sri Trivikrama Mines & Properties Limited, Sri
Dhandauthapani Mines & Minerals Limited, Cosmos Cements Limited,
Sutnga Mines Private Limited, Rajputana Properties Private Limited,
Golden Hills Resorts Private Limited, Dalmia Bharat Sugar and
Industries Limited (Formerly Dalmia Cement (Bharat) Limited),
Himshikhar Investment Limited, Dalmia Solar Power Limited, Dalmia
Sugar Ventures Limited, Sukeshi Trust, Vaidehi Trust, Sumana Trust,
Shrutipriya Dalmia Trust, Priyang Trust, Avanee Trust, Adhunik Cement
Ltd., Adhunik MSP Cement (Assam Ltd.), Calcom Cement (India) Ltd.,
Vinay Cement Ltd, RCL Cements Ltd, SCL Cements Ltd., Khappal Coal Co.
Pvt. Ltd., Shri Chamundeswari Minerals Ltd., Shri Yadu Hari
Trusteeship Services Pvt. Ltd., YHD Trusheeship Services Pvt. Ltd.,
Vastalaya Developers Pvt. Ltd., Vinimay Developers Pvt. Ltd., Dalmia
Bharat Cements Holdings Ltd., Sri Rangam Securities and Holdings Ltd.,
Shri Investments, Yadu Hari Dalmia Parivar Trust, Respect Elders &
Co., Love Children & Co., Respect Nature & Society, Shri Brahma
Creation Trust, Shri Vishnu Preservation Trust, Shubh Home Realtors
LLP., Dalmia Cement East Limited, Glow Homes Technologies Private
Limited, Jayevijay Agro Farms Private Limited, OCL Global Limited, OCL
China Limited, Odisha Cement Limited.
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