Lloyd Rockfibres Limited ('the Company') was incorporated on 06th October, 1989 and company is primarily engaged in Manufacture and Supply of Rockwool Insulation Products used in all types of Industries. The Manufacturing Unit is located at E-71, Phase-II, MIDC Industrial Area, Waluj - 431 133, Taluka Gangapur, Distt. Aurangabad (Maharashtra) with Registered Head Office at Plot No. 2, Kalkaji Industrial Area, Punjsons Premises, New Delhi - 110 019. Presently Co. is one of the leading manufacturer and supplier of Rockwool Insulation Products in India and abroad with a capacity 7500 MT per annum to cater the needs of our valuable customers.

1. CONTINGENT LIABILITIES As on 31.03.2014 As on 31.03.2013

a) Estimated amount of contracts 
remaining To be executed on capital
 account And not provided for.             NIL               NIL

b) Bank Guarantees Issued by Bank*         NIL            10,03,000/-

c) Claims against the Company              NIL               NIL
not Acknowledged as debts.

d) Other Money for which the               NIL               NIL
Company is Contingently liable

3. LOANS & ADVANCES

Advances aggregating Rs.22,11,593/- (previous year Rs. 1,61,557/-) recoverable in cash or kind or for value to be received including Sundry Debtors in Schedule V is due from the companies as on 31.03.2014 where in some of the Directors are interested. Maximum amount outstanding during the year Rs. 23,44,279/-(previous year Rs. 1,61,557/-)

4. The Net Worth of the Company was completely eroded. Accordingly, company had made an application to the Hon'ble BIFR U/s 15(1) of SICA. The said registration has been declined by the BIFR.

5. RELATED PARTY AND KEY MANAGEMENT PERSONNEL DISCLOSURE

a. PUNJ SONS PVT. LTD.

b. LAPINUS ROCKWOOL PVT. LTD.

c. JATCAR AGROVISION TECH. PVT. LTD.

d. DYAUS POWER CO. PVT. LTD.

e. PIBCO LTD.

f. LLOYD ROCKWOOL PVT. LTD.

g. SUPERURETHANE PROD. PVT. LTD.

h. PUSHPANJALI HOLDING PVT. LTD.

i. SUMAYA INVESTMENT PVT. LTD.

j. RAVISHIVAM INVESTMENT PVT. LTD.

k. FIBREGLAS PVT. LTD.

l. LLOYD PROJECT PVT. LTD.

m. RADITA INVESTMENT PVT. LTD.

n. NIAM HOLDINGS PVT.LTD.

B. Key Management Personnel's

 a) Mr. R.P.Punj        (Chairman)

c) Mr. A.K.Srivastava (W.T. Director)

5. The confirmation of some of the balances from suppliers and others are being procured.

6. Leasehold land has not been amortized over the period of its lease.

7. In the Opinion of Board of Directors the current assets, loans and advances have a realizable value in the ordinary course of business at least equal to the amount at which they are stated less provisions made, if any.

8. Previous Year figures have been re-arranged/re grouped wherever necessary.

9. TAX ON INCOME/DEFERRED TAX

Current Tax is determined as the amount of tax payable in respect of taxable income for the period i.e. Deferred Tax resulting from "Timing difference" between book profit and taxable profit is accounted for using the Tax rates and laws that have been enacted or substantively enacted as on the Balance Sheet date.

10. SEGMENT REPORTING

Since the company's business activity falls within a single business and geographical segment, there are no additional disclosures to be provided under Accounting Standard 17 "Segment Reporting" other than those provided in Financial Statements.

11. EARNING PER SHARE

The Company reports Basic Earnings Per Share in accordance with the Accounting Standard 20 on Earning Per Share. The Basic Earnings per share is computed by dividing the net profit or loss for the year by the number of equity shares outstanding during the year.

12. CASH FLOW STATEMENT

The Cash Flow statement is prepared by the indirect method set out in Accounting Standard -3 on Cash Flow Statement and presents cash flows by operating, investing and financing activities of the Company.

13. IMPAIRMENT OF ASSETS.

In the opinion of the Company's Management, there is no impairment to the assets to which Accounting Standard 28- "Impairment of Assets" applied requiring any revenue recognition.