Lloyd Rockfibres Ltd. के अकाउंट के लिये नोट

Mar 31, 2014

BACKGROUND

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

* Fully secured against FDR''s

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)

b) Mr. Gaurav Punj (Mg.Director)

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.

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Mar 31, 2013

A. BACKGROUND

Lloyd Rockfibres Limited {''the Company'') was incorporated on 06,h 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-ll, 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 As on 31.03.2013 31.03.2012

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

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

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

d) Other Money for which the Company is Contingently liable NIL NIL Fully secured against FDR''s

Provision for gratuity liability and leave encashment has not been considered, since these are actuarially determined on overall basis. 4 Statement showing computation of net profit in accordance with Section 49 read with Section 198 of the Companies Act, 1956.

The Remuneration paid to the Managing Director, notwithstanding limits laid down u/s 309(3) & 198(1) of the Companies Act,1956, has been approved Central Government.

2. LOANS & ADVANCES

Advances aggregating Rs.1,61,557/- (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 31.03.2013 where in some of the Directors are interested. Maximum amount outstanding during the year Rs. 1,61,557-( previous year Rs. 89,64,813/-)

3. RELATED PARTY AND KEY MANAGEMENT PERSONNEL DISCLOSURE

a. PUNJ SONS PVT. LTD.

b. LAPINUSROCKWOOLPVT. LTD.

c. JATCARAGROVISIONTECH. PVT. LTD.

d. DYAUS POWER CO. PVT. LTD.

e. PIBCOLTD. -

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.

I. LLOYD PROJECT PVT. LTD.

m. RADITA INVESTMENT PVT. LTD.

n. NIAM HOLDINGS PVT.LTD.

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

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

6. 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.

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

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

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Mar 31, 2012

Not Available

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Mar 31, 2011

1. As on As on CONTINGENT LIABILITIES 31.03.11 31.03.10

(a) Estimated amount of contracts remaining to be executed on NIL NIL capital account and not provided for

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

(c) Claims against the Company not acknowledged as debts. NIL NIL

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

* Fully secured against FDR's

Provision for gratuity liability and leave encashment have not been considered, since these are actuarially determined on overall basis. 4 Statement showing computation of net profit in accordance with Section 349 read with Section 198 of the Companies Act, 1956.

The Remuneration paid to the Managing Director, notwithstanding limits laid down u/s 309(3) & 198(1) of the Companies Act, 1956, has been approved by the Central Government.

2. LOANS & ADVANCES

Advances aggregating Rs.87,92,624/- (previous year Rs. 89,64,813/-) recoverable in cash or kind or for value to be received including Sundry Debtors in Schedule V is due from the companies as on 31.03.2011 where in some of the Directors are interested. Maximum amount outstanding during the year Rs. 89,64,813/-( previous year Rs.89,64,813/-)

3. RELATED PARTY AND KEY MANAGEMENT PERSONNEL DISCLOSURE

1) Name of related parties

A- Associates

a. NGP INDUSTRIES LTD.

b. PUNJ STAR INFOTECH PVT. LTD.

c. COSMO CAPITAL & INVESTMENT PVT. LTD.

d. JAMSHEDPUR M W MFG. CO. PVT. LTD.

e. LLOYD TAR PRODUCTS PVT. LTD.

f. GAUDER INVESTMENT PVT. LTD.

g. MULLER INVESTMENT PVT. LTD

h. PUNJ LLOYD ENGG. PVT. LTD.

i. GAUNIL HOLDINGS PVT. LTD.

j. GOVINDA REALCON PVT. LTD.

k. JAI GIRIRAJ LAND DEV. PVT. LTD.

l. PUNJ SONS PVT. LTD.

m. LAPINUS ROCKWOOL PVT. LTD.

n. JATCAR AGROVISION TECH. PVT. LTD.

o. DYAUS POWER CO. PVT. LTD.

p. PIBCO LTD.

q. LLOYD ROCKWOOL PVT. LTD.

r. SUPERURETHANE PROD. PVT. LTD.

s. PUSHPANJALI HOLDING PVT. LTD.

t. SUMAYA INVESTMENT PVT. LTD.

u. RAVISHIVAM INVESTMENT PVT. LTD.

v. FIBREGLAS PVT. LTD.

w. LLOYD PROJECT PVT. LTD.

x. RADITA INVESTMENT PVT. LTD.

y. NIAM HOLDINGS PVT. LTD.

B- Key Management Personnel's

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

b) Mr.Gaurav Punj (Mg.Director)

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

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

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

6. 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.

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

8. TAX ON INCOME/DEFERRED TAX

Current Ta x is determined as the amount of tax payable in respect of taxable income for the period i.e. Deferred Ta x 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. ADDITIONAL INFORMATION PURSUANT TO PARAGRAPHS 3 AND 4 OF SCHEDULE-VI TO THE COMPANIES ACT, 1956: (As certified by the Directors).

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Mar 31, 2010

As on As on

1 CONTINGENT LIABILITIES 31.03.10 31.03.09

(a) Estimated amount of contracts remaining to be executed on NIL NIL capital account and not provided for

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

(c) Claims against the Company not acknowledged as debts. NIL NIL

(d) Other Money for which the Company is Contingently liable. NIL NIL * Fully secured against FDRs

The Remuneration paid to the Managing Director is subject to the approval of the Central Government the application for which has already been filed. Pending approval thereof, amounts paid during the year, are refundable and have been held in trust for the company by the Managing Director.

2. The Company does not have a Company Secretary as required under section 383-A of the Companies Act, 1956. However the Company has been utilizing services of a practicing Company Secretary since 01.04.1997.

3. LOANS & ADVANCES

Advances aggregating Rs.89,64,813/- (previous year Rs. 88,74,801/-) recoverable in cash or kind or for value to be received including Sundry Debtors in Schedule V is due from the companies as on 31.03.2010 where in some of the Directors are interested. Maximum amount outstanding during the year Rs. 89,64,813/-( previous year Rs. 88,88,873/-)

4. RELATED PARTY AND KEY MANAGEMENT PERSONNEL DISCLOSURE

1) Name of related parties

A- Associates

a. NGP INDUSTRIES LTD.

b. PUNJ STAR INFOTECH PVT. LTD.

c. COSMO CAPITALS INVESTMENT PVT. LTD.

d. JAMSHEDPUR M W MFG. CO. PVT. LTD.

e. LLOYD TAR PRODUCTS PVT. LTD.

f. GAUDER INVESTMENT PVT. LTD.

g. MULLER INVESTMENT PVT. LTD

h. PUNJ LLOYD ENGG. PVT. LTD.

i. GAUNIL HOLDINGS PVT. LTD.

j. GOVINDA REALCON PVT. LTD.

k. JAIGIRIRAJ LAND DEV. PVT. LTD.

I. PUNJ SONS PVT. LTD.

m. LAPINUS ROCKWOOL PVT. LTD.

n. JATCAR AGROVISION TECH. PVT. LTD.

o. DYAUS POWER CO. PVT. LTD.

p. PIBCOLTD. .

q. LLOYD ROCKWOOL PVT. LTD.

r. SUPERURETHANE PROD. PVT. LTD.

s. PUSHPANJALI HOLDING PVT. LTD.

t. SUMAYA INVESTMENT PVT. LTD.

u. RAVISHIVAM INVESTMENT PVT. LTD.

v. FIBREGLAS PVT. LTD.

w. LLOYD PROJECT PVT. LTD.

x. RADITA INVESTMENT PVT. LTD.

B- Key Management Personnels

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

b) Mr.Gaurav Punj (Mg.Director)

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 companys 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. 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.

12. IMPAIRMENT OF ASSETS.

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