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R J Shah & Company Ltd. Notes to Accounts
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You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) 13.16 Cr. P/BV 0.42 Book Value (Rs.) 1,125.49
52 Week High/Low (Rs.) 486/295 FV/ML 10/50 P/E(X) 22.76
Bookclosure 31/07/2023 EPS (Rs.) 20.65 Div Yield (%) 0.53
Year End :2014-03 
1.1 The information regarding suppliers who are holding permenant registration certificate as an ancilliary industrial undertaking issued by the Director of Industries of State or Union Territory is not available from relevant parties. In the absence of such information the amount and interest due as per the interest of delayed payment to small and ancilliary industries act,1993 is not ascertainable.

2.1 Other liabilities include the amount of Rs. 2125715 (P. Y. 2125715) Service Tax adjustment account payable only after amount received from the customers, includes unite equipments

3.1 For Lease hold land the lease deed has been executed by Prothonotary & Seniopr Master, through Hon'ble High Court of Judicature at Bombay in 1993 for 30 years with condition that it will be renewed on the same terms for a further period of 30 years.

3.2 The Company is using part of the Building for warehousing. The rentals are charged as per agreed terms. .

3.3 The machineries of the value approximately Rs.18.49 lakhs are in possession of the Executive Engineer,Kakkad Hydro Electric Project under Kerala State Electricity Board. The Company's claim in respect of these Machineries is pending with Authority '

4.1 Debts includes Rs.883568 (883568) due from partnership firm where in Company is a partner.

4.2 The Company has accounted for various debtors which are fully recoverable. The Company is persuing through legal battle for realization of these amounts through Arbitration or Court Proceedings and considered the same as good debts.

5.1 The Deposits maintained by the Company with banks comprise time deposits which can be withdrawn by the Company at any point without prior notice or penalty on principal.

5.2 Fixed Deposits with banks includes deposits of Rs.68587044 (previous Year Rs.65730105) with maturity of more than 12 months.

5.3 Fixed Deposits with banks includes Rs.2022044 (Previous Year Rs.1730105) pledged with contractees and government Departments.

6.1 The Company's Provident Fund is exempted under Section 17 of Employee's Provident Fund and Miscellaneous Provisions Act, 1952

6.2 Eligible Employees receive benefit from provident fund which is a defined benefit plan. Both the employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employees salary. The trust invests in specific designated instruments as permiteed by Indian Law. The remaining portion is contributed to government administered fund. As per the past practice and as per the understanding between the Company and the employees the staff benefits like leave salary .gratuity and bonus are worked out and added to basic monthly salary of the employees. The monthly salary paid is inclusive of all benefits. In view of this understanding the management is of the view that no liability exists on

6.3 Legal & Professional Fees of Rs. 1405070 (previous year 1411605) icludes payment made to Directors Rs.nil (previous year Rs.30000) in their Professional capacity.

6.4 A sum of Rs. 302190 (Previous Year 11850) is included under other expenses representing previous years items.

7 CONTINGENT LIABILITIES

                                      for the year ended  
                                      31/03/2014           31/03/2013

A. In respect of guarantees given 
to Project Authorities by Bank
and counter guaranteed by other 
Bank                                     13,992,417        16,492,417

B. Claims against Company not 
acknowledged as debts                    10,952,780         9,055,312

C. In respect of Income Tax 
pending rectification                     3,108,372         3,108,372

7.0 The Company has a single segment namely "Engineering and Construction". Therfore the Company's business does not fall under different business segments as defined by Accounting Standard (AS) 17 on "segment reporting".

8.0 Disclosure in accordance with Accounting Standard - 7( Revised)- amount due from / to customers on construction contracts:

Note: The above information is given only in respect of contracts entered into on or after 1.04.2003.

9.0 In the opinion of the Board,the Current Assets,Loans and Advances are approximately of the value stated, if realised in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of the amounts considered reasonably necessary.

10.0 The Company has accounted for Deferred Tax in accordance with Accounting Standard 22"Accounting for Taxes on Income". Consequently the Company has credited Deferred Tax Assets/Oiabilities) of Rs 200566 (previous yearRs (100649) to the statement of of Profit and Loss Account.The year end position of deferred Tax Assets and (Liabilities) are attributed to the following items:

11 The balance of trade receivables, loans and advances, deposits, trade and other payables as on 31st March 2014 are subject to confirmation.

12 Related Parties disclosures.

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below.

(i) List of related parties where control exists and related parties with whom transactions have taken place and relationship.

Sr. No. Name of Related Party                      Relationship
1 Kalindi Engineering Industires (Pvt)Ltd. Associates

2 Rajendra Shipping Pvt. Ltd.                      Associates

3 Kalindi R. Shah .                                Managing Director

4 Tejaswini R. Shah Joint                          Managing Director
* Figures in brackets indicates previous year's figures.

13 The Previous year's figures have been regrouped / reclassified wherever necessary to confirm to the current years presentation. As per Report of even date.


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