| 1.Terms / Rights attached to Equity Shares :
All Equity Shares issued by the Company including those issued during
the year on preferential basis rank equal in all rights and privileges
including dividend.
2. Corporate information :
Rajlaxmi Industries Limited is a public limited company domiciled in
India and incorporated under the provisions of the Companies Act, 1956.
Its shares are listed on Bombay Stock Exchange. As per the Memorandum
of Association, the Company is engaged in the business of trading of
cloth and Fabrics.
3. Basis of Preparation :
The financial statements of the Company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The Company has prepared these financial statements to
comply in all material aspects with the accounting standards notified
under the Companies (Accounting Standards) Rules, 2006, (as amended)
and the relevant provisions of the Companies Act, 1956. The financial
statements have been prepared on an accrual basis and under the
historical cost convention. The accounting policies adopted in the
preparation of the financial statements are consistent with those of
previous year.
4.Segment Reporting :
The company is primarily engaged in the business of trading of fabric,
which, in the context of Accounting Standard (AS 17) on "Segment
Reporting" constitutes a single reportable segment.
5. Deferred tax assets on unabsorbed depreciation and losses available
for set-off under Income tax have not been considered on prudent basis
due to the uncertainty regarding generation of sufficient future
taxable profits.
6. The Company has not received intimations from vendors regarding
their status under the Micro, Small and Medium enterprises development
Act, 2006, and hence disclosure relating to amount unpaid at the year
end together with interest paid/payable under this act could not be
given.
7. The balances of all personal accounts, viz. creditors, loans,
advances and deposits are subject to confirmations and reconciliation,
if any.
8. Contingent liabilities : Nil ( Previous Yr : Nil)
9. The Company is in search of suitable candidate to be appointed as
whole-time secretary in order to comply with See. 203 of the Companies
Act, 2013.
10. Previous year's figures have been regrouped / reclassified, wherever
necessary to correspond with the current year's classification /
diselosur.
| 