| 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.
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