Notes to Accounts of Rolcon Engineering Company Ltd.

Mar 31, 2024

The sensitivity analysis 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 projected benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the projected benefit obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same method as applied in calculating the projected benefit obligation as recognised in the balance sheet.

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

2 Liability in respect of Superannuation Benefits extended to eligible employees is contributed by the Company to Life Insurance Corporation of India against a Master P olicy @ 15% of the Basic Salary of all the eligible employees.

3 The Company''s contribution INR Rs.29.60 Lakhs (P.Y.INR Rs. 29.68 Lakhs) paid / payable for the year to Provident Fund is charged to the Statement of Profit And Loss.

Note 31. Contingent Liabilities :
Contingent Liabilities regarding Bank Guarantees issued by bank to third parties on behalf of the company is INR Rs.250.43 Lakhs.
Note 32. Earning per Share:	2023-24 INR in Rs.	2022-23 INR in Rs.
Basic Earnings per Share	35.67	42.59
Diluted Earnings per Share	35.67	42.59
Face Value per Share	10.00	10.00
Earning per Share is calculated by dividing the profit/loss attributable to the Equity Shareholders by weighted average number of Equity share outstanding during the period. The number used in calculating Basic and Diluted Earnings per Equity share are as stated below:
	2023-24 INR In Lakhs	2022-23 INR In Lakhs
Profit/ (Loss) after Taxation (in Rs.)	269.63	321.96
Weighted average No. of share during year	7, 56,000	7, 56,000

Note 40. The Balances of the most of the Debtors, Creditors and Loans and Deposits of the Company are confirmed periodically.

Note 41. Disclosure

(I) The company does not have any Benami property, where any proceeding has been initiated or pending against the company for holding any Benami property.

(ii) The company has not availed any facility from bank against security of current assets and hence there no requirement to submit quarterly returns and statement of current assets

(iii) The company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(iv) The company have not traded or invested in Crypto currency or Virtual Currency during the period/year.

(v) The company have not advanced or loaned or invested funds to any other person(s) or entity (ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(vi) The company have not received any fund from any person(s) or entity (ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall:

(a) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

(vii) The company has no 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.

(viii) The company is not declared as wilful defaulter by any bank or financial Institution or other lender

(ix) There is no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237of the Companies Act, 2013

Note 42. The figures have been rounded to the nearest lakhs up to two decimals, except where otherwise indicated. Parties Balances are subject to their confirmations and reconciliation and consequential adjustments, if any.

Note 43. Previous year figures have been regrouped and recast wherever necessary to make them comparable with current year''s figures.

Note 44 Note No. 1 to 43 form an integral part of Financial Statements

Signature to Balance Sheet, Statement of Profit & Loss and Note 1 to Note 44.

As per our report of even date attached herewith.

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Mar 31, 2015

1 Rights, preferences and restrictions attached to shares:

Equity Shares: The company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

2 The Company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid / payable to these parties during the year is nil.

3 The figures have been rounded upto a Rupee. Parties Balances are subject to their confirmations and reconciliation and consequential adjustments, if any.

4 Proposed Dividend

The Board of Directors have proposed equity dividend of Rs.1.50 ( P.Y Rs.1.50) per equity share of Rs.10.00 each. The aggregate amount of equity dividend proposed to be distributed is Rs.13,60,733/- (P.Y. Rs. 13,26,724/-) including Dividend Distribution Tax of Rs.2,26,733/- ( P.Y. Rs. 1,92,724/-)

5 Previous year figures have been regrouped and recast wherever necessary to make them comparable with current year''s figures.

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Mar 31, 2014

NIL

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Mar 31, 2012

NOTE 1 : PAYMENT TO AUDITORS (PAID/PAYABLE)

31.03.2012 31.03.2011 Rs Rs

As Audit Fees 60,000 50,000

For Taxation Matters 25,000 15,000

In other capacity 36,000 33,000

Re-imbursement of 6,215 1,214

Expenses

TOTAL 1,27,215 99,214

Payment to Auditors Rs. 127215/- is excluding Service Tax of Rs. 14523/- (Previous Year Rs. 10094/-)

NOTE 2 : EARNING PER SHARE :

Earning Per Share is Calculated by dividing the profit/loss attributable to the Equity Shareholders by weighted average number of Equity share out- standing during the period. The number used in calculating Basic and Diluted Earning per Equity share are as stated below:

NOTE 3:

The Company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid/payable to these parties during the year is nil.

NOTE 4 : The Figures have been rounded upto a Rupee. Parties Balances are subject to their confirmations and reconciliation and consequential adjustments, if any.

NOTE 5 : Previous year figures have been regrouped and recast wherever necessary to make them comparable with current year's figures which are as per the requirements of Revised Schedule VI of The Companies Act, 1956.

NOTE 6 : Note No. 1 to 42 form an internal part of Financial Statements. Signature to Balance Sheet, Statement of Profit & Loss and Note 1 to Note 43 As per our report of even date attached herewith

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Mar 31, 2011

1. Liability in respect of Superannuation Benefits extended to eligible employees is contributed by the Company to Life Insurance Corporation of India against a Master Policy @ 15% of the Basic Salary of all the eligible employees.

2. Liability in respect of Provident Fund is provided on actual contribution basis.

3. Liability in respect of Leave Encashment is provided on actual payment basis.

a) Investment:

Investments are generally of Long Term nature and are stated at cost unless there is a other than temporary diminution in their value as at the date of Balance Sheet.

i) Revenue Recognition:

1) Sale of goods is generally recognised on dispatch to customers and excludes the amounts recovered towards Excise Duty, Packing and Forwarding and Sales Tax.

2) Interest revenues are recognised on a time proportion basis taking into account the amount outstanding and the rate applicable.

3) Consistent with past practice dividends from investments in Shares are recognised as and when the same are received.

4) Consistent with past practice Insurance Claim is accounted for as and when the same has been admitted by the Insurance authorities.

j) Contingent Liabilities:

There is no any Contingent Liability

2) Payment to Auditors (paid/payable)

Payment to Auditors Rs. 99,214/- is excluding Service Tax of Rs. 10,094/- (Previous Year Rs. 10,033/-)

5) The Company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid/payable to these parties during the year is nil.

6) The figures have been rounded up to a Rupee. Parties Balance are subjected to their confirmation.

7) Previous year figures have been regrouped and recast wherever necessary.

8. Managerial Remuneration

Managerial remuneration for the Managing Director and Joint Managing Director amounting Rs.3312092/- (Previous Year Rs.2931980/-) Includes estimated money value of benefit Rs.252000 /- (Previous Rs.221273/-) and commission Rs.NIL (Previous Year Rs. NIL)

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Mar 31, 2010

1. Liability in respect of Superannuation Benefits extended to eligible employees is contributed by the Company to Life Insurance Corporation of India against a Master Policy @ 15% of the Basic Salary of all the eligible employees.

2. Liability in respect of Provident Fund is provided on actual contribution basis.

3. Liability in respect of Leave Encashment is provided on actual payment basis.

B) Investment:

Investments are generally of Long Term nature and are stated at cost unless there is a other than temporary diminution in their value as at the date of Balance Sheet.

i) Revenue Recognition:

1) Sale of goods is generally recognised on dispatch to customers and excludes the amounts recovered towards Excise Duty, Packing and Forwarding and Sales Tax.

2) Interest revenues are recognised on a time proportion basis taking into account the amount outstanding and the rate applicable.

3) Consistent with past practice dividends from investments in Shares are recognised as and when the same are received.

4) Consistent with past practice Insurance Claim is accounted for as and when the same has been admitted by the Insurance authorities.

C) Contingent Liabilities:

There is no any Contingent Liability

7) The Company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid/payable to these parties during the year is nil.

8) The figures have been rounded upto a Rupee. Parties Balance are subjected to their confirmation.

9) Pre vious year figures have been regrouped and recast wherever necessary.