Notes to Accounts of Rajdarshan Industries Ltd.

Mar 31, 2024

2.12 Provision, Contingent Liabilities and Contingent Assets

Provisions are recognised when the Company has a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Provisions are measured at the best estimate of the expenditure required to settle the present
obligation at the Balance Sheet date.

Contingent liabilities are disclosed when there is a present obligation arising from past events, the
existence of which will be confirmed only by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the Company or a present obligation that
arises from past events where it is either not probable that an outflow of resources will be required to
settle the obligation or a reliable estimate of the amount cannot be made.

2.13 Employee Benefits

(a) Short term Employee benefits:

All employee benefits falling due wholly within two months of rendering the services are classified
as short-term employee benefits. The benefits like salaries, wages, and short term
compensated absences etc. and the expected cost of bonus; ex-gratia is recognized in the
period in which the employee renders the related service.

(b) Post employment benefits:

(i) Defined Contribution Plan

The Company has Defined Contribution plan for post employment benefit namely Provident
Fund, which is recognised by the income tax authorities and administered through
appropriate authorities.

The Company contributes to a Government administered Provident Fund and has no
further obligation beyond making its contribution.

(ii) Defined Benefit Plans

(c) Leave encashment

Based on the leave rules of the company, employees are not permitted to accumulate leave.

(d) Termination benefits are recognized as an expense as and when incurred.

2.14 Earnings Per Share

The earnings considered in ascertaining the Company’s Earnings per share (‘EPS’) comprise the
Net Income. The number of shares used in computing the Basic EPS is the weighted average
number of shares outstanding during the year. The diluted EPS is calculated on the same basis as
Basic EPS.

2.15 Discontinued Operations

Assets and Liabilities of discontinued operations are assessed at each Balance Sheet date. Impacts
of any impairments and write backs are dealt with in the Statement of Profit and Loss.

Impacts of discontinued operations are distinguished from the ongoing operations of the Company,
so that their impact on the Statement of Profit and Loss for the year can be perceived.

(a) Debt = Long term secured loans Current maturities of long-term debt

(b) Net Worth = Equity share capital Reserves and Surplus
(c ) Average inventory = (Opening Closing balance) / 2

(d) Average trade debtors = (Opening Closing balance) / 2

(e) Average trade payables = (Opening Closing balance) / 2

(f) Capital Employed = Total Assets - Current Liabilities

33 The company is operating under segment of mining business only. Hence, provisions of Ind AS-108,
Segment reporting are not applicable.

34 There are no amounts due and outstanding to be credited to Investor Education and Protection Fund.

35 Previous year figures have been regrouped wherever necessary.

36 Figures have been rounded off to nearest Rupees.

Signature to Notes 1 to 36

In terms of our Audit Report attached For and on behalf of the Board of Directors

For Ajay Paliwal & Co Devendra Sharma

Chartered Accountants CEO & Managing Director

ICAI Firm Registration No. 012345C DIN - 00921174

Ajay Paliwal Aruna Doshi

Proprietor Whole Time Director

Membership No. 403290 DIN - 00949220

Karan Mal Murdia Kalp Shri Vaya

Udaipur, May 29, 2024 Chief Financial Officer Company Secretary

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Mar 31, 2014

1. Related Party Disclosures:

Related party Disclosure, as required by Accounting Standard (AS-18) "Related Party Disclosure" issued by the ICAI are given below :

The company has identified all the related parties having transactions during the year, as per details given below: -

(i) List of Related Parties:

(a) Individual exercising control or significant influence:

DIRECTORS

Mr.Ashok Doshi

Mr.Devendra Sharma

Dr. Sudhir Doshi

Mr. O.P. Jain

Mr. M.P. Dhruv

(ii) In respect of the outstanding balance recoverable as at 31st March 2014, no provision for doubtful debts is required to be made. During the year, there were no amounts written off or written back from such related parties.

2. Provisions for Taxation:

Provision for Income Tax was made as per of income tax act after deducting carry forward losses.

3. The figures of the previous year have been regrouped / rearranged wherever necessary to make them comparable with the current year''s figures.

4. Figures have been rounded off to the nearest Rupee.

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Mar 31, 2013

1. Working of deferred taxes is based on assessment orders where assessments are completed and on return of income in other cases.

2. Provision for deferred taxes has been made at the tax rates that have been enacted or substantively enacted by the balance sheet date.

3. Related Party Disclosures:

Related party Disclosure, as required by Accounting Standard (AS-18) "Related Party Disclosure" issued by the ICAI are given below :

KEY MANAGERIAL PERSONNEL

Mr. Dileep Singh, Project Manager

Mr. K.M. Murdia, Finance Manager & Compliance Officer

(ii) In respect of the outstanding balance recoverable as at 31st March 2013, no provision for doubtful debts is required to be made. During the year, there were no amounts written off or written back from such related parties.

Notes :

(a) Figures in brackets represent previous year figures.

(b) (P) represents-payables, (R) represents-Receivables, amount outstanding as on 31.03.2013.

(c) Remuneration to Directors - Nil

(d) Remuneration paid to key managerial personnel of the company amounted to Rs. 568825/-.

4. Provisions for Taxation:

Provision for Income Tax was made as per of income tax act after deducting carry forward losses.

5. The figures of the previous year have been regrouped / rearranged wherever necessary to make them comparable with the current year''s figures.

6. Figures have been rounded off to the nearest Rupee.

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Mar 31, 2012

1. Capital-work-in progress is for purchase of mining machineries as well as advance for construction and acquisition of immovable assets.

2. Contingent liabilities not provided for includes bank guarantee issued by State Bank of India NIL (previous year NIL).

3. The estimated amount of contract remaining to be executed on capital account and not provided for net of advance Rs.Nil (previous year Rs. Nil).

4. There were no amount due and outstanding to be credited to investor Education and Protection fund.

5. Loans and advances, sundry debtors and sundry creditors are subject to confirmation by management.

6. Advances includes amount due from employees Rs.39,023/- maximum outstanding during the year Rs.43,023/-.

7. The Company has not provided for the diminution / appreciation in the value of long-term investment made since in the opinion of the management such diminution / appreciation in their value is temporary in nature considering the interest value and nature of the investments and invested assets.

8. (a) Sundry creditors include Rs.Nil (previous year Rs.Nil/-) due to small scale and ancillary undertakings.

(b) The above information has been determined to the extent such parties have been identified as small scale and ancillary undertaking on the basis of information available with the Company.

9. The company has loans & advances and debts recoverable from various firms and companies.

(a) In respect of advances aggregating to Rs.17873786/-, which are considered doubtful for recovery and for which Rs.10257498/- provision has been made.

(b) In respect of debts aggregating to Rs.639237/-, which are considered bad / doubtful for recovery and for which Rs.639237/- provision has been made.

(c) In respect of debt aggregating to 6916734, outstanding from companies have been written off by the Company during the year, against the provision of Rs. 3458363 already made in earlier years.

(d) The company is taking all efforts including legal course to recover the amounts outstanding from the respective parties.

(e) The management believes that ultimate losses that may result on account of these loans and advances and debts will depend upon the amount that would be realized in subsequent years.

10. Related Party Disclosures:

Related party Disclosure, as required by Accounting Standard (AS-18) "Related Party Disclosure" issued by the ICAI are given below :

The company has identified all the related parties having transactions during the year, as per details given below: –

(i) List of Related Parties:

(a) Individual exercising control or significant influence:

DIRECTORS

Mr. B.S. Devpura

Mr.Ashok Doshi

Mr.Devendra Sharma

Dr. Sudhir Doshi Mr.

O.P. Jain

Mr. M.P. Dhruv

11. Provisions for Taxation:

Provision for Income Tax was made as per of income tax act after deducting carry forward losses.

12. The figures of the previous year have been regrouped / rearranged wherever necessary to make them comparable with the current year's figures.

13. Figures have been rounded off to the nearest Rupee.

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Mar 31, 2011

1. Related Party Disclosures:

Related party Disclosure, as required by Accounting Standard (AS-18) "Related Party Disclosure" issued by the ICAI are given below :

The company has identified all the related parties having transactions during the year, as per details given below: -

(i) List of Related Parties:

(a) Individual exercising control or significant influence:

DIRECTORS

Mr. B.S. Devpura

Mr. Ashok Doshi

Mr. Devendra Sharma

Mr. Ravindra Puri (Retired on 13-05-2011)

Dr. Sudhir Doshi

Mr. O.P. Jain

Mr. M.P. Dhruv

KEY MANAGERIAL PERSONNEL

Mr. Dileep Singh, Project Manager

Mr. K.M. Murdia Finance Manager & Compliance Officer

(ii) In respect of the outstanding balance recoverable as at 31st March 2011, no provision for doubtful debts is required to be made. During the year, there were no amounts written off or written back from such related parties.

2. Quantitative information in respect of opening stock, closing stock, sales, purchases, production and consumption of raw materials and finished goods.

3. Provisions for Taxation:

Provision for Income Tax was made as per of income tax act after deducting carry forward losses.

4. The figures of the previous year have been regrouped / rearranged wherever necessary to make them comparable with the current year's figures.

5. Figures have been rounded off to the nearest Rupee.

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Mar 31, 2010

1. Working of deferred taxes is based on assessment orders where assessments are completed and on return of income in other cases.

2. Provision for deferred taxes has been made at the tax rates that have been enacted or substantively enacted by the balance sheet date.

3. Earning per Share:

2009-2010 2008-2009

Net Profit/(Loss) for the year 1775445 116321

No. Of Equity Shares 3108300 3108300

Nominal Value of the Shares 10.00 10.00

Basic & Diluted EPS 0.57 0.04

4. Related Party Disclosures:

Related party Disclosure, as required by Accounting Standard (AS-18) "Related Party Disclosure" issued by the ICAI are given below :

The company has identified all the related parties having transactions during the year, as per details given below: -

(i) List of Related Parties:

(a) Individual exercising control or significant influence:

DIRECTORS

Mr Ravinder Puri

Mr.Ashok Doshi

Mr.Devendra Sharma

Mr. B.S. Devpura

Dr.Sudhir Doshi

Mr. O.P. Jain

Mr. M.P. Dhruv

KEY MANAGERIAL PERSONNEL

Mr. Dileep Singh, Project Manager

Mr. K.M. Murdia, Finance Manager & Compliance Officer

(ii) In respect of the outstanding balance recoverable as at 31st March 2010, no provision for doubtful debts is required to be made. During the year, there were no amounts written off or written back from such related parties.

5. Particulars in respect of loans and advances in the nature of loans as required by the listing agreement:

(Rs. in lakhs)

Balance as on Maximum

31.03.2010 Outstanding

during the year

Loans and advances in the nature of loans 27722051 35236450 Where repayment schedule is not specified

6. Quantitative information in respect of opening stock, closing stock, sales, purchases, production and consumption of raw materials and finished goods.

7. Provisions for Taxation:

Provision for Income Tax was made as per of income tax act after deducting carry forward losses.

8. The figures of the previous year have been regrouped / rearranged wherever necessary to make them comparable with the current year’s figures.

9. Figures have been rounded off to the nearest Rupee.