Notes to Accounts of Rajasthan Tube Manufacturing Company Ltd.

Mar 31, 2025

(i) GENERAL RESERVE: the general reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. As the general reserve is created by a transfer from one component of equity to another and is not an item of other comprehensive income.

General reserve reflects amount transferred from statement of profit and loss in accordance with regulations of the companies act, 2013.

(ii) SECURITIES PREMIUM RESERVE: securities premium reserve is used to record the premium on issue of shares. The reserve is utilized in accordance with the provision of the companies act, 2013

(hi) INVESTMENT ALLOWANCE UTILIZATION RESERVE: investment allowance utilization

reserve is a free reserve.

(i) during the earlier years the company has taken working capital term loan (wctl under gecl) secured by way of first charge on company''s entire fixed assets i.e., raw material, sip, finished goods, packing material, consumables stores and book debts. This loan is further secured by first charge in respect of other movable and immovable fixed assets of the company and personal guarantee of mr. Harish chand jain, managing director of the company. The wctl sanctioned for 48 months with a moratorium period of 12 months and will be repayable in 36 monthly installments starting from june 2022.

(ii) during previous year the company has taken working capital term loan (wctl under gecl extension) secured by way of first charge on company''s entire fixed assets i.e., raw material, sip, finished goods, packing material, consumables stores and book debts. This loan is further secured by first charge in respect of other movable and immovable fixed assets of the company and personal guarantee of mr. Harish chand jain, managing director of the company. The wctl sanctioned for 60 months with a moratorium period of 24 months and will be repayable in 35 monthly installments starting from february 2024.

(iii) during the earlier years, the company has taken unsecured loan from mr. Harish chand jain, managing director of the company for meeting its operational working capital requirements. Loan is repayable when funds are available with company. Applicable rate of interest is 9 % p.a.

31. During the year 2018-19 the company has filed revision petition under section 397 crpc, 1973 against the order dated 07.01.2019 passed in complaint no. 137/2018 filed by roc against the company, its directors and kmp for committing offence under section134 (8) of the companies act,2013 for violating the provisions of section 134(5)(a) of the companies act,2013. The maximum penalty under this section can be rs. 500000. No provision is considered necessary by the management.

33. EMPLOYEE BENEFITS:

(a) DEFINED CONTRIBUTION PLANS

The company operates defined contribution retirement benefit plans for all qualifying employees.contribution to provident fund and esi of rs. Lakhs (previous year rs. Lakhs) is recognised as an expense and included in "employee benefit expenses" in statement of profit and loss.

(b) POST EMPLOYMENT BENEFITS :

(1) THE COMPANY HAS A DEFINED BENEFIT GRATUITY PLAN :

The company has defined benefit gratuity plan for its employees. It is governed by the payment of gratuity act, 1972. Under the act, employee who has completed five years of service is entitled to specific benefit. The level of benefits provided depends on the member''s length of service and salary at retirement age. Vasting occurs upon completion of five years of service. The management of the company is responsible for the administration of the plan assets including investment of the funds in accordance with the norms prescribed by the government of india.

(2) THESE PLANS TYPICALLY EXPOSE THE GROUP TO ACTUARIAL RISKS SUCH AS INVESTMENT RISK,INTEREST RATE RISK AND SALARY RISK. INVESTMENT RISK

The present value of the defined benefit plan liability (denominated in indian rupee) is calculated using a discount rate which is determined by reference to market yields at the end of the reporting period oN GOVERNMENT BONDS.

INTEREST RISK : a decrease in the bond interest rate will increase the plan liability.

SALARY RISK :

The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants.

As such, any variation in the expected rate of salary increase of the plan participants will change the plan liability.

(5) SENSITIVITY ANALYSIS :

Significant actuarial assumptions for the determination of defined obligation are discount rate and expected salary increase. The sensitivity analysis below have been determined based on reasonably possible changes of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumption would occur in isolation of one another as some of the furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using the projected unit credit method at the end of the reporting

period, which is the same as that applied in calculating the defined benefit obligation liability recognised in the balance sheet.

There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior years.

( C ) ANNUAL LONG TERM EMPLOYEE BENEFITS: ANNUAL LEAVE & SHORT TERM LEAVE

There is no pending encashment of leave of employees at the end of year hence no provision is required. However, the company has made provisions in the books of accounts for gratuity on the basis of actuarial valuation as per ind as-19. Details of which are as under :

*FIGURES IN THE BRACKET RELATES TO PREVIOUS YEAR ENDED MARCH 31, 2024.

38. themanaging director has been paid rs.582000/-(previous year rs.720000/-) as remuneration as per schedule v of the companies act, 2013.computation of net profit for the purpose, of managerial remuneration in accordance with the companies act,2013 has not been given as no commission by way of a percentage of profit is payable for the year under review.

39. Tax deducted at source on interest income included in other income is nil, (previous year rs. Nil.)

43. STATEMENT OF MANAGEMENT

(A)the current assets, loans and advances are good and recoverable and are approximately of the values, if realized in the ordinary courses of business unless and to the extent stated otherwise in the accounts. Provision for all known liabilities is adequate and not in excess of amount reasonably necessary.

(b)balance sheet and statement of profit and loss read together with notes to the accounts thereon, are drawn up so as to disclose the information required under the companies act, 2013 as well as give a true and fair view of the statement of affairs of the company as at the end of the year and results of the company for the year under review.

44. FINANCIAL RISK MANAGEMENT

Financial risk factors the company''s principal financial liabilities, other than derivatives, comprise borrowings, trade and other payables, and financial guarantee contracts. The main purpose of these financial liabilities is to manage finances for the company''s operations. The company has loan and other receivables,

trade and other receivables, and cash and short-term deposits that arise directly from its operations. The company''s activities expose it to a variety of financial risks:

(A) Market risk:- market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise three types of risk: currency rate risk, interest rate risk and other price risks, such as equity price risk and commodity risk. Financial instruments affected by market risk include loans and borrowings, deposits, investments, and derivative financial instruments. Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Credit risk credit risk is the risk that a counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.

(B) liquidity risk:- liquidity risk is the risk that the company may not be able to meet its present and future cash and collateral obligations without incurring unacceptable losses.

The company''s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the company''s financial performance. The company uses derivative financial instruments to hedge certain risk exposures. The company does not acquire or issue derivative financial instruments for trading or speculative purposes.

Risk management is carried out by the treasury department under policies approved by the board of directors. The treasury team identifies, evaluates and hedges financial risks in close co-operation with the company''s operating units. The board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, and credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment of excess liquidity.

45. ADDITIONAL REGULATORY INFORMATION:

(i) There is no title deeds of immovable property which are not held in name of the company.

(ii) The company do not have any investment in property.

(iii) The company has not revalued its property, plant and equipment.

(iv) The company do not have any intangible assets.

(v) The company has not granted loans or advances in the nature of loans to promoters, directors, kmps and the related parties (as defined under companies act, 2013,) either severally or jointly with any other person.

(vi) There is no capital work in progress undergoing in the company at the balance sheet date.

(vii) There is no intangible assets under development.

(viii) There is no benami property held by the company.

(ix) The company has borrowings from banks on the basis of security of current assets. Quarterly returns or statements of current assets filed by the company with banks are in agreement with the books of accounts.

(x) The company has not been declared willful defaulter by any bank or financial institution.

(xi) The company has no transactions with companies struck off under section 248 of the companies act, 2013 or section 560 of companies act, 1956.

(xii) There are no charges or satisfaction of charge which is yet to be registered with registrar of companies.

(xiii) The company has not subsidiary companies as at the balance sheet date.

(xv) There is no scheme of arrangement approved by the competent authority in terms of sections 230 to 237 of the companies act, 2013.

(xvi) Information pursuant to clause no. Xvi to additional regulatory information required under schedule iii of companies act, 2013 regarding utilization of borrowed funds and share premium is nil or not applicable

46. OTHER NOTES:

a) The company do not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the income tax act, 1961 (such as, search or survey or any other relevant provisions of the income tax act, 1961.

b) The company is not covered under section 135 of companies act 2013. Hence no amount was spent on csr activity.

c) The company has not traded or invested in crypto currency or virtual currency during the financial year.

---

Mar 31, 2024

(M) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provisions involving substantial degree of estimation in measurement are recognized when there is present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent liabilities are not recognized but are disclosed in the notes. Contingent assets are not recognized. However, when the realization of income is virtually certain, then the related asset is no longer a contingent asset, but it is recognized as an asset.

(N) CASH AND CASH EQUIVALENTS

Cash and cash equivalent in the Balance Sheet comprise cash at bank and on hand and short-term deposit with an original maturity of three months or less, which are subject to insignificant risk of changes in value.

(O) FINANCIAL INSTRUMENTS AND INVESTMENTS

The company recognizes the financial assets and financial liabilities when the recognition criteria of financial instrument as specified under Ind AS 109 is met.

FINANCIALS ASSET

Initial recognition and measurement

All financial assets are recognized initially at fair value plus transaction costs that are directly attributable to the acquisition of the financial asset except in the case of financial assets not recorded at fair value through profit or loss. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss.

Subsequent measurement

For purposes of subsequent measurement, financial assets are classified in three categories:

Financial Asset at amortized cost

A ''Financial Asset'' is measured at the amortized cost if both the following conditions are met:

a) The asset is held within a business model whose objective is to hold assets for collecting contractual cash

flows, and

b) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal

and interest ("SPPI") on the principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at amortized cost using the effective interest rate ("EIR") method. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included in finance income in the profit or loss.

Financial Asset at Fair value through Other Comprehensive Income("FVTOCI")

A ''Financial Asset'' is classified as at the FVTOCI if both of the following criteria are met:

a) The objective of the business model is achieved both by collecting contractual cash flows and selling the

financial assets, and

b) The asset''s contractual cash flows represent SPPI. Financial Asset included within the FVTOCI category are measured initially as well as at each reporting date at fair value. Fair value movements are recognized in the other comprehensive income ("OCI")

Financial Asset at fair Value through Profit & Loss ("FVTPL")

FVTPL is a residual category for Financial Assets. Any financial asset, which does not meet the criteria for categorization as at amortized cost or as FVTOCI, is classified as at FVTPL. In addition, the group may elect to designate a Financial asset, which otherwise meets amortized cost or FVTOCI criteria, as at FVTPL. However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency (referred to as ''accounting mismatch'').

Derognisition of Financial asset

A financial asset (or, where applicable, a part of a financial asset or part of a company of similar financial assets) is primarily derecognized when the rights to receive cash flows from the asset have expired.

Impairment of financial assets

The company assesses on a forward-looking basis the expected credit loss associated with its assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk.

For trade receivables only, the company applies the simplified approach permitted by IND AS 109 Financial instruments, which requires expected lifetime losses to be recognized from initial recognition of the receivables. FINANCIAL LIABILITIES

Initial recognition and measurement

All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.

Subsequent Measurement

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. Gains or losses on liabilities held for trading are recognized in the profit or loss.

Financial Liabilities at Amortized Cost

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the statement of profit and loss.

(P) SEGMENT REPORTING:

The Company at present is engaged in the business of manufacturing of ERW Steel Tubes, which constitutes a single business segment.

(Q) FAIR VALUE MEASUREMENT:

The Company measures some of its financial instruments at fair value at each balance sheet date. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

I. Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

II. Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable.

III. Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.

(R) CLASSIFICATION OF CURRENT / NON-CURRENT ASSETS AND LIABILITIES

All assets and liabilities are presented as current or non-current as per the Company''s normal operating cycle and other criteria set out in Schedule III of the Companies Act, 2013 and Ind AS 1 Presentation of financial statements. Based on the nature of products and the time between the acquisition of assets for processing and their realisation, the Company has ascertained its operating cycle as 12 months for the purpose of current / non-current classification of assets and liabilities.

(S) CRITICAL ACCOUNTING ESTIMATES, ASSUMPTIONS AND JUDGEMENTS

In the process of applying the Company''s accounting policies, management has made the following estimates, assumptions and judgments, which have significant effect on the amounts recognised in the financial statement:

(a) Property, plant and equipment

External adviser or internal technical team assess the remaining useful lives and residual value of property, plant and equipment. Management believes that the assigned useful lives and residual value are reasonable, the estimates and assumptions made to determine depreciation are critical to the Company''s financial position and performance.

(b) Income taxes

Management judgment is required for the calculation of provision for income taxes and deferred tax assets and liabilities. The Company reviews at each balance sheet date the carrying amount of deferred tax assets. The factors used in estimates may differ from actual outcome which could lead to significant adjustment to the amounts reported in the standalone financial statements.

(c) Contingencies

Management judgement is required for estimating the possible outflow of resources, if any, in respect of contingencies/claim/litigations against the Company as it is not possible to predict the outcome of pending matters with accuracy.

(d) Allowance for uncollected accounts receivable and advances

Trade receivables do not carry any interest and are stated at their normal value as reduced by appropriate allowances for estimated irrecoverable amounts. Individual trade receivables are written off when management deems them not to be collectible. Impairment is made on the expected credit losses, which are the present value of the cash shortfall over the expected life of the financial assets.

(2) These plans typically expose the group to actuarial risks such as investment risk,interest rate risk and salary risk. Investment risk

The present value of the defined benefit plan liability (denominated in Indian Rupee) is calculated using a discount rate which is determined by reference to market yields at the end of the reporting period on government bonds.

Interest Risk : A decrease in the bond interest rate will increase the plan liability.

Salary Risk :

The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants. As such, any variation in the expected rate of salary increase of the plan participants will change the plan liability.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumption would occur in isolation of one another as some of the Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the defined benefit obligation liability recognised in the balance sheet.

There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior years.

( c ) Annual Long term employee benefits: Annual leave & Short term leave

43. STATEMENT OF MANAGEMENT

(A) The current assets, loans and advances are good and recoverable and are approximately of the values, if realized in the ordinary courses of business unless and to the extent stated otherwise in the Accounts. Provision for all known liabilities is adequate and not in excess of amount reasonably necessary.

(B) Balance Sheet and Statement of Profit and Loss read together with Notes to the accounts thereon, are drawn up so as to disclose the information required under the Companies Act, 2013 as well as give a true and fair view of the statement of affairs of the Company as at the end of the year and results of the Company for the year under review.

44. FINANCIAL RISK MANAGEMENT

Financial risk factors The Company''s principal financial liabilities, other than derivatives, comprise borrowings, trade and other payables, and financial guarantee contracts. The main purpose of these financial liabilities is to manage finances for the Company''s operations. The Company has loan and other receivables, trade and other receivables, and cash and short-term deposits that arise directly from its operations. The Company''s activities expose it to a variety of financial risks:

(A) Market Risk:- Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise three types of risk: currency rate risk, interest rate risk and other price risks, such as equity price risk and commodity risk. Financial instruments affected by market risk include loans and borrowings, deposits, investments, and derivative financial instruments. Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Credit risk Credit risk is the risk that a counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.

(B) Liquidity Risk:- Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral obligations without incurring unacceptable losses.

The Company''s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company''s financial performance. The Company uses derivative financial instruments to hedge certain risk exposures. The Company does not acquire or issue derivative financial instruments for trading or speculative purposes.

Risk management is carried out by the treasury department under policies approved by the board of directors. The treasury team identifies, evaluates and hedges financial risks in close co-operation with the Company''s operating units. The board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, and credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment of excess liquidity.

45. ADDITIONAL REGULATORY INFORMATION:

(i) There is no title deeds of immovable property which are not held in name of the company.

(ii) The company do not have any investment in property.

(iii) The Company has not revalued its Property, Plant and Equipment.

(iv) The company do not have any intangible assets.

(v) The company has not granted Loans or Advances in the nature of loans to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person.

(vi) There is no capital work in progress undergoing in the company at the balance sheet date.

(vii) There is no Intangible assets under development.

(viii) There is no benami property held by the company.

(ix) The company has borrowings from banks on the basis of security of current assets. Quarterly returns or statements of current assets filed by the Company with banks are in agreement with the books of accounts.

(x) The company has not been declared willful defaulter by any bank or financial institution.

(xi) The company has no transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

(xii) There are no charges or satisfaction of charge which is yet to be registered with Registrar of Companies.

(xiii) The company has not subsidiary companies as at the balance sheet date.

46. Other notes:

a) The Company do not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

b) The company is not covered under section 135 of companies act 2013. Hence no amount was spent on CSR activity.

c) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

47. Notes 1 to 46 are annexed to and form an integral part of financial statements.

As per our Report of even date Attached

Sd/-

(HARISH CHAND JAIN)

MANAGING DIRECTOR

FOR GIRIRAJ & LOHIYA (DIN:01504391)

CHARTERED ACCOUNTANTS

FRN-006031C Sd/-

(RAJSHREE JAIN)

DIRECTOR

GIRIRAJ PRASAD (DIN:06934858)

PARTNER

M.NO. 073380 Sd/-

UDIN: 24073380BKBOZN3879 (PRADEEP JAIN)

CFO

Sd/-

(MONIKA SONI)

JAIPUR COMPANY SECRETARY

29^thMAY,2024 ICSI Membership No.: A65141

---

Mar 31, 2015

1 CORPORATE INFORMATION:

Rajasthan Tube Manufacturing Company Limited is a Public limited company domiciled in India and incorporated under the provision of the Company Act 1956. The Company is engaged in manufacturing and trading of Black and Galvanised ERW Steel Tubes and Pipes.

2. Rights, Preferences and restrictions attached to shares.

Equity Shares:

The Company has one class of equity shares having a par value of Rs.10/- each. Each Shareholder is eligible for one vote per share held. In the event of Liquidation, The equity Shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts if any, in proportion to their shareholding.

The term loan on vehicle is secured by hypothecation of vehicle financed repayment term is 36 equated monthly installment of Rs.12570/- from 19.07.2013 to 10.06.2016 interest rate 10.69% monthly compounded.

Working Capital Loan is secured by way of first charge as hypothecation over all the current assets of the company including its book Debts. This loan is further secured by First Charge in respect of other movable and immovable fixed assets of Company and personal guarantee of Shri Harish Chand Jain, Managing Director of the company.

note: Pursuant to the enactment of Companies Act 2013, the company has applied the estimated useful lives as specified in Schedule II. Accordingly the unamortised carrying value is being depreciated / amortised over the revised/remaining useful lives. The written down value of Fixed Assets whose lives have expired as at 1st April 2014 have been adjusted net of tax, in the opening balance of Profit and Loss Account amounting to Rs. 141966/-.

3. NOTES ON FINANCIAL STATEMENT :

As at As at 31.3.2015 31.3.2014 (Rs.) (Rs.)

4. Contingent liabilities not provided for :

(i) Guarantee given by Bank 50075000 55075000 against which the Directors have given counter guarantees.

(ii) Letter Credit Outstanding 65552522 64300000

5. Sundry Debtors, Loans & Advances and Creditors balances are subject to confirmation from respective parties and are considered good by the management.

6. The company extends the benefit of encashment of leave to its employees while in service as well as on retirement. As the company does not have any defined retirement benefit scheme in this respect, Accounting Standard AS-15 issued by the Institute of Chartered Accountants of India is considered not Applicable to that extent. There is no pending encashment of leave of employees at the end of year hence no provision is required. Provision for Gratuity has not been considered as none of the employees has Completed Prescribed year of service.

7. In the opinion of the management the Current Assets and Advances are approximately of the value stated, if realised in the ordinary course of business unless otherwise stated. The provisions for all liabilities are adequate.

8. Provision for taxation for the current year has been made after taking into consideration benefits admissible under the provision of the Income Tax Act, 1961 and as per section 115 JB of the Income Tax Act, 1961.

9. The company has not received any information from suppliers or service providers whether they are covered under the micro small and medium enterprises (Development) Act, 2006 disclosure relating to amount unpaid at the year end together with interest payable if any as required under the said act are not ascertainable.

10. The Company has filed suit against Two Parties for Rs.3180262/- towards cheque return. No provision has been made in the books of accounts as management is of the opinion that amount is recoverable as it pertains to suit U/s138 of Negotiable Instrument Act.

11. Debit Note/ Credit Note pertaining to transaction with RAJSICO are booked in the year of receipt of the respective debit note/ credit note.

12. The Company operates solely in the Steel Tube/Pipes and Sheets segment hence no separate information for segment wise disclosure is required.

13. Related Party Transactions:

(a) Relationship :

(i) Company under common Control of the Promoters.

(a) Tridev Finance Company Limited.

(ii) Key Management Personnel

(a) Shri Harish Chand Jain (Managing Director)

(b) Shri Pradeep Kumar Jain (CFO)

(iii) Relatives of Director :

(a) Pradeep Jain (CFO)

(b) Saurabh Jain

(c )Kanta Devi Jain

(b) The Following Transactions were carried out with related parties in the Financial year 2014-2015.

1. Hiring Charges: Rs.72000/- paid to M/s Tridev Finance Co. Ltd.

2. Managerial Remuneration : Rs.720000/- was paid to Shri Harish Chand Jain

3. Board Meeting Fees : Rs.22500/- paid to Key Management Personnel.

4. Salary Rs.480000/- Paid to Shri Pradeep Jain (CFO).

5. Salary Rs.480000/- Paid to Shri Saurabh Jain.

6. Loans & Advance Granted and received back Rs.16460000/-

(c) The following balance were due from/to the related parties as on 31.03.2015

1. Investment in Equity share of M/s Tridev Finance Co. Ltd. Rs.5,45,000/-.

14. The managing director has been paid Rs 720000/-(previous year RS.720000/-) as remuneration as per schedule V of the Companies Act,2013.Computation of net profit for the purpose, of managerial remuneration in accordance with the Companies Act,2013 has not been given as no commission by way of a percentage of profit is payable for the year under review.

15. Tax deducted at source on interest income included in other income is Rs.107246/-(Previous year Rs.104485/-).

16. Inventory includes goods in transit and consignment stock pending sale.

17. Excise Authorities have seized some books and papers of the company on dated 08-01-2014. But so far no show cause notice has been issued by the department.

18. C.I.F.value of imports : Rs. Nil (Previous year Nil)

19. F.O.B. value of exports : Rs. Nil (Previous year Nil)

20. Earning Per Share

Net Profit/ (Loss) after current and deferred tax (22644204) Weighted average number of equity shares of Rs.10/- each : 4507800 EPS (Rs.) - Basic and Diluted -

21. Corresponding figures of the previous year have been regrouped to confirm with this year's grouping wherever necessary.

22. Figures have been rounded off to the nearest rupee.

---

Mar 31, 2014

(1) Contingent liabilities not provided for :

As at As at 31.3.2014 31.3.2013 (Rs.) (Rs.)

(i) Guarantee given by Bank 55075000 525000 against which the Directors have given counter guarantees.

(ii) Letter Credit Outstanding 64300000 96458870

(2) Sundry Debtors, Loans & Advances and Creditors balances are subject to confirmation from respective parties and are considered good by the management.

(3) The company extends the benefit of encashment of leave to its employees while in service as well as on retirement. As the company does not have any defined retirement benefit scheme in this respect, Accounting Standard AS-15 issued by the Institute of Chartered Accountants of India is not considered Applicable. There is no pending encashment of leave of employees at the end of year hence no provision is required. Provision for Gratuity has not been considered as none of the employees has Completed Prescribed year of service.

(4) In the opinion of the management the Current Assets and Advances are approximately of the value stated, if realised in the ordinary course of business unless otherwise stated.

The provisions for all liabilities are adequate.

(5) Provision for taxation for the current year has been made after taking into consideration benefits admissible under the provision of the Income Tax Act,1961 and as per section 115 JB of the Income Tax Act, 1961.

(6) The company has not received any information from suppliers or service providers whether they are covered under the micro small and medium enterprises (Development) Act, 2006 disclosure relating to amount unpaid at the year end together with interest payable if any as required under the said act are not ascertainable.

(7) The Company has filed suit against Two Parties for Rs.2905631/-Towards cheque return. This amount included interest amounting For Rs.284468/-. No provision has been made in the books of accounts as management is of the opinion that amount is recoverable as it pertains to suit U/s138 of Negotiable Instrument Act.

(8) Debit Note/ Credit Note pertaining to transaction with RAJSICO are booked in the year of receipt of the respective debit note/ credit note.

(9) The Company operates solely in the Steel Tube/Pipes and Sheets segment hence no separate information for segment wise disclosure is required.

(10) Related Party Transactions:

(a) Relationship :

(i) Company under common Control of the Promoters.

(a) Tridev Finance Company Limited.

(ii) Key Management Personnel

(a) Shri Harish Chand Jain (Managing Director)

(b) Shri Sunil Kumar Jain (Director)

(iii) Relatives of Director :

(a) Sourabh Jain

(b) Pradeep Jain

(c) Kanta Devi Jain

(b) The Following Transactions were carried out with related parties in the Financial year 2013-2014.

1. Hiring Charges : Rs.72000/- paid to M/s Tridev Finance Co. Ltd.

2. Managerial Remuneration : Rs.720000/- was paid to Shri Harish Chand Jain

3. Board Meeting Fees : Rs.21750/- paid to Key Management Personnel.

4. Salary Rs.480000/- Paid to Shri Pradeep Jain.

5. Salary Rs.480000/- Paid to Shri Sourabh Jain.

6. Loans & Advance Granted and received back Rs.14657000/-

(c) The following balance were due from/to the related parties as on 31.03.2014

1. Investment in Equity share of M/s Tridev Finance Co. Ltd. Rs.5,45,000/-.

(11) The managing director has been paid Rs 720000/-(previous year RS.720000/-) as remuneration as per schedule XIII of the Companies Act,1956.Computation of net profit for the purpose, of managerial remuneration in accordance with the Companies Act,1956 has not been given as no commission by way of a percentage of profit is payable for the year under review.

(12) Tax deducted at source on interest income included in other income is Rs.104485/-(Previous year Rs.108415/-).

(13) Inventory includes goods in transit and consignment stock pending sale.

(14).Excise Authorities have seized some books and papers of the company on dated:08-01-2014. But so far no show cause notice was issued by the department.

(15) C.I.F.value of imports : Rs. Nil (Previous year Nil)

(16). F.O.B. value of exports : Rs. Nil (Previous year Nil)

(17). Corresponding figures of the previous year have been regrouped to confirm with this year''s grouping wherever necessary.

(18). Figures have been rounded off to the nearest rupee.

---

Mar 31, 2013

1 CORPORATE INFORMATION:

Rajasthan Tube Manufacturing Company Limited is a Pubiic limited company domiciled in India and incorporated under the provision of the Company Act 1956.The Company is engaged in manufacturing and trading of Black and Galvanised ERW Steel Tubes and Pipes.

(2) Contingent liabilities not provided for :

As at 31.03.2013 As at 31.03.2012 (Rs.) (Rs.)

(i) Guarantee given by Bankagainst which 525000 525000 the Directors have given counter guarantees.

(ii) Letter Credit Outstanding 96458870 105500000

(iii) Claims Lodged by the company 7202456

(3) Sundry Debtors, Loans & Advances and Creditors balances are subject to confirmation from respective parties and are considered good by the management.

(4) The company extends the benefit of encashment of leave to its employees while in service as well as on retirement. As the company does not have any defined retirement benefit scheme in this respect, Accounting Standard AS-15 issued by the Institute of Chartered Accountants of India is not considered Applicable.There is no pending encashment of leave of employees at the end of year hence no provision is required. Provision for Gratuity has not been considered as none of the employees has Completed Prescribed year of service.

(5) In the opinion ofthe managementthe Current Assets and Advances are approximately of the value stated, if realised in the ordinary course of business unless otherwise stated.The provisions for all liabilities are adequate.

(6) Provision for taxation for the current year has been made after taking into consideration benefits admissible underthe provision ofthe IncomeTaxActJ 961 and as per section 115 JB ofthe Income Tax Act, 1961.

(7) The company has not received any information from suppliers or service providers whether they are covered under the micro small and medium enterprises (Development) Act, 2006 disclosure relating to amount unpaid at the year end together with interest payable if any as required underthe said act are not ascertainable.

(8) The Company has filed suit against Two Parties for Rs.2905631 /-Towards cheque return.This amount inclused interest amounting to Rs.284468/-. No provision has been made in the books of accounts as management is ofthe opinion that amount is recoverable as it pertains to suit U/ s138 of Negotiable Instrument Act.

(9) Debit Note/Credit Note pertaining to transaction with RAJSICO are booked in the year of receipt ofthe respective debit note/ credit note.

(10) The Company operates solely in the Steel Tube/Pipes and Sheets segment hence no separate information for segment wise disclosure is required.

(11) Related Party Transactions: (a) Relationship:

(i) Company under comman Control ofthe Promoters.

(a) Tridev Finance Company Limited. (ii) Key Management Personnel

(a) Shri Harish Chand Jain (Managing Director)

(b) Shri Sunil Kumar Jain (Director) (iii) Relatives of Director:

(a) SourabhJain

(b) PradeepJain

(c) Kanta Devi Jain

(b) The Following Transactions were carried out with related parties in the Financial year 2012-2013.

1. HiringCharges :Rs.72000/-paidtoM/sTridevFinanceCo.Ltd.

2. Managerial Remuneration: Rs.720000/- was paid to Shri Harish Chand Jain

3. Board Meeting Fees: Rs.16800/- paid to Key Management Personnel.

4. Salary Rs. 380000/- Paid to Shri Pradeep Jain.

5. Salary Rs. 380000/- Paid to Shri Sourabh Jain.

6. Loans & Advance Granted and received back Rs. 14585000/-

(c) The following balance were due from/to the related parties as on 31.03.2013 1. Investment in Equity share of M/sTridev Finanee Co. Ltd. Rs. 5,45,000/-.

(12) The managing director has been paid Rs 720000/-(previous year RS.720000A) as remuneration as per schedule XIII ofthe Companies Act, 1956.Computation of net profit for the purpose, of managerial remuneration in accordance with the Companies Act, 1956 has not been given as no commission by way of a percentage of profit is payable for the year under review.

(13) Tax deducted at source on interest income included in other income is Rs.108415/-(Previous year Rs.110481/-).

(14) Inventory includes goods in transit and consignment stock pending sale.

(15) C.I.F.value of imports : Rs. Nil (Previous year Nil)

(16) F.O.B. value of exports: Rs. Nil (Previous year Nil)

(17) Earning Per Share

Net Profit/ (Loss) after current and deferred tax 2514244

Weighted average number of equity shares of Rs.10/- each: 4507800 EPS (Rs.)-Basic and Diluted 0.56

(18) Corresponding figures of the previous year have been regrouped to confirm with this year''s grouping wherever necessary.

(19) Figures have been rounded off to the nearest rupee.

---

Mar 31, 2012

1 CORPORATE INFORMATION:

Rajasthan Tube Manufacturing Company Limited is a Public limited company domiciled in India and incorporated under the provision of the Company Act 1956.The Company is engaged in manufacturing and trading of Black and Galvanised ERW Steel Tubes and Pipes.

a) Rights, Preferences and restrictions attached to shares.

Equity Shares:

The Company has one class of equity shares having a par value of Rs.10/- each. Each Shareholder is eligible for one vote per share held. In the event of Liquidation,The equity Shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts if any, in proportion to their shareholding.

NOTE:Working Capital Loan is secured by way offirst charge as hypothecation over all the current assets of the company including its bookDebts. This loan is further secured by First Charge in respect of other movable and immovable fixed assets of Company and personal guarantee of Shri Harish Chand Jain,Managing Director of the company.

II. NOTES ON FINANCIAL STATEMENT:

(2) Contingent liabilities not provided for :

As at 31.03.2012 As at 31.03.2011 (Rs.) (Rs.)

(i) Guarantee given by Bank against which 525000 1881854 the Directors have given counter guarantees.

(ii) Letter Credit Outstanding 105500000 92000020

(iii) Claims Lodged by the company 7202456 7202456

(3) Sundry Debtors, Loans & Advances and Creditors balances are subject to confirmation from respective parties and are considered good by the management.

(4) The company extends the benefit of encashment of leave to its employees while in service as well as on retirement. As the company does not have any defined retirement benefit scheme in this respect, Accounting Standard AS-i 5 issued by the Institute of Chartered Accountants of India is not considered Applicable.There is no pending encashment of leave of employees at the end of year hence no provision is required. Provision for Gratuity has not been considered as none of the employees has Completed Prescribed year of service.

(5) In the opinion of the management the Current Assets and Advances are approximately of the value stated, if realised in the ordinary course of business unless otherwise stated. The provisions for all liabilities are adequate.

(6) Provision for taxation for the current year has been made after taking into consideration benefits admissible under the provision of thelncomeTaxAct,1961 and as per section 115 JB of the Income Tax Act, 1961.

(7) The company has not received any information from suppliers or service providers whether they are covered under the micro small and medium enterprises (Development) Act, 2006 disclosure relating to amount unpaid at the year end together with interest payable if any as required under the said act are not ascertainable.

(8) The Company operates solely in the Steel Tube/Pipes and Sheets segment hence no separate information for segment wise disclosure is required.

(9) Related Party Transactions:

(a) Relationship:

(i) Company under comman Control of the Promoters.

(a) Tridev Finance Company Limited.

(ii) Key Management Personnel

(a) Shri Harish Chand Jain (Managing Director)

(b) Shri Sunil Kumar Jain (Director)

(iii) Relatives of Director:

(a) SourabhJain

(b) PradeepJain

(c) Kanta Devi Jain

(b) The Following Transactions were carried out with related parties in the Financial year 2011-2012.

1. Hiring Charges :Rs.72000/- paid to M/sTridev Finance Co. Ltd.

2. Managerial Remuneration: Rs.720000/- was paid to Shri Harish Chand Jain

3. Board Meeting Fees: Rs. 16800/- paid to Key Management Personnel.

4. Salary Rs.180000/- Paid to Shri PradeepJain.

5. Salary Rs.180000/-Paid to Shri Sourabh Jain.

6. Loans & Advance taken and paid back Rs.2800000/-

7. Loans & Advance Granted and received back Rs.11676000/-

(c) The following balance were due from/to the related parties as on 31.03.2012 1. Investments Equity share of M/s Tridev Finance Co. Ltd. Rs.5,45,000/-.

(10) The managing director has been paid Rs 720000/-(previous year RS.72000Q/-) as remuneration as per schedule XIII of the Companies Act,1956.Computation of net profit for the purpose, of managerial remuneration in accordance with the Companies Act,1956 has not been given as no commission by way of a percentage of profit is payable for the year under review.

(11) Tax deducted at source on interest income included in other income is Rs.110481/-(Previous year Rs.72978/-).

(12) Inventory includes goods in transit and consignment stock pending sale.

(13) C.I.F. value of imports : Rs. Nil (Previous year Nil)

(14) F.O.B. value of exports: Rs. Nil (Previous year Nil)

(15) Earning Per Share - Net Profit/(Loss) after current and deferred tax 7249419 Weighted average number of equity shares of Rs. 10/- each: 4507800 EPS (Rs.)-Basic and Diluted 1.61

(16) Corresponding figures of the previous year have been regrouped to confirm with this year's grouping wherever necessary.

(17) Figures have been rounded off to the nearest rupee.

---

Mar 31, 2010

(1) Contingent liabilities not provided for:

As at As at

31.3.2010 31.3.2009

(Rs.) (Rs.)

(i) Guarantee given by Bank 18,81,854 1,63,31,854

against which the Directors

have given counter guarantees.

(ii) Letter Credit Outstanding 8,48,00,000 4,59,70,000

(2) Payment to Auditors.

Current Previous

Year Year

(Rs) (Rs)

(i) Aydit fees 14,500 14,500

(ii) Tax Audit 5,000 5,000

(iii) Reimbursement of Expenses 15,500 12,200

(2) Sundry Debtors and Creditors balances are subject to confirmation from respective parties.

(3) The company extends the benefit of encashment of leave to its employees while in service as well as on retirement. As the company does not have any defined retirement benefit scheme in the respect, Accounting Standard AS-15 issued by thelnstutute of Chartered Accountants of India is not considered applicable, encashment of leave accumulated while in service is at the option of employees and is accounted for as and when claimed hance not provided for.

(4) In the opinion of the management the Current Assets and Advances are approximately of the value stated, if realised in the ordinary course of business unless otherwise stated. The provisions for all liabilities are adequate.

(5) Provision for taxation for the current year has been made after taking into consideration benefits admissible under the provision of the Income Tax Act,1961 and as per section. 115 JB of the Income Tax Act, 1961.

(6) Lease hold Land ,Building and Plant & Machinery located at factory premises at B-61, Ambaji Industrial Area, Abu Road as on 01 -04-94 have been revalued as per valuation report of approved valuer and difference between revaluation cost and cost as per books has been incorporated in books and the corresponding amount of net increase Rs.1,57,33,295/- has been transferred in revaluation reserve account.

(7) The information regarding SSI units is under compilation and hence dues to such units can not be readily determined hence the same was not disclosed in balance sheet.Normally dues to all the creditors are paid in accordance with the agreed credit terms.

(8) The Company operates solely in the Steel Tube/Pipes and Sheets segment hence no separate information for segment wise disclosure is required.

(9) Related Party Transactions:

(a) Relationship:

(i) Company under comman Control of the Promoters.

(a) Tridev Finance Company Limited.

(ii) Key Management Personnel

(a) Shri Harish Chand Jain (Managing Director)

(b) Shri Sunil Kumar Jain (Director)

(b) The Following Transactions were carried out with related parties in the Financial year 2009-2010.

1. Hiring Charges :Rs.72000A paid to M/s Tridev Finance Co. Ltd.

2 Managerial Remuneration :Rs.600000A was paid to Shri Harish Chand Jain

3. Rent :Rs32000/- paid to SmtKanta Devi Jain Relative of Shri Harish Chand Jain.

4. Board Meeting Fees: Rs. 14760/- paid to Key Management Personnel.

5. Salary Rs.180000/- Paid to Shri Pradeep Jain.

6. Salary Rs.180000/- Paid to Shri Sourabh Jain.

(c) The following balance were due from/to the related parties as on 31.03.2010 1. Investment in Equity share of M/s Tridev Finance Co. Ltd. Rs.5,45,000/-.

(10) Depreciation includes Rs 3,29,151 against revalued amount of fixed assets and equivalent amount has been withdrawn from revaluation reserve and transferred to general reserve.

(11) The managing director has been paid Rs 600000/-(previous year RS.480000A) as remuneration as per schedule XIII of the Companies Act,1956.Computation of net profit for the purpose, of managerial remuneration in accordance with the Companies Act,1956 has not been given as no commission by way of a percentage of profit is payable for the year under review.

(12) Tax deducted at source on interest income included in other income is Rs.l 29655/- (Previous year Rs.124774/-).

(13) Inventory includes goods in transit and consignment, stockpending sale.

(14) All raw materials, stores and spares consumed are indigenous.

(15) C.t.F.value of imports : Rs. Nil (Previous year Nil)

(16) F.O.B. value of exports: Rs. Nil (Previous year Nil)

(17) Corresponding figures of the previous year have been regrouped to confirm with this years grouping wherever necessary.

(18) Figures have been rounded off to the nearest rupee.

(19) Additional information pursuant to Part IV of Schedule VI of the-Companies Act, 1956.