Notes to Accounts of RR Securities Ltd.

Mar 31, 2024

I) PROVISIONS, CONTINGENT LIABILITIES & CONTINGENT ASSETS

Provisions involving substantial degree of estimation in measurement are recognised when there is a present

obligation as a result of a past events and it is probable that there will be an outflow of resources. Contingent
Liabilities are not recognised but are disclosed in the notes. Contingent Assets are neither recognised nor
disclosed in financial statements

J) EARNING PER SHARE

Basic earnings per share for equity shareholders have been calculated by dividing the Net Profit or loss after
Tax by the weighted average number of equity shares outstanding during the period

K) FINANCIAL INSTRUMENTS

(i) Initial Recognition and measurement: All financial assets are recognised initially at fair value

(ii) Subsequent Measurement All equity investments in scope of Ind-AS 109 are sunsequently measured at
fair value. Equity instruments are included within the FVTPL category and all the changes are recognized in
the profit and loss account

NOTE 20 : PAYMENT TO AUDITORS

Auditors Remuneration relating to audit work Rs. 41300/- (Previous Year Rs. 41300/-) is provided at the end
of year.

NOTE 21 :VALUATION OF CLOSING STOCK

Closing Stock is accounted in the books as taken valued and certified by Directors and Authorised Person s
of the Company.

Note 22 : CONTINGENT LIABILITY :

There is no contingent liability outstanding as on the Balance Sheet date
NOTE 23 : FOREIGN CURRENCY TRANSACTION

During the year under consideration, earning and expenditure in Foreign Currency is NIL
NOTE 24 : REMUNERATION TO DIRECTORS

No Remuneration has been paid to the Director of the Company.

NOTE 25 : BALANCE CONFIRMATION

Sundry debit and credit balances of loans and advances, Sundry Debtors, Sundry Creditors. Unsecured
Loans, Deposits, are subject to confirmation and reconciliation, if any. As per view of management the same
are shown at realisable value and necessary precaution of actual and realisable value has been taken care
of. As Certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry
Creditors. Unsecured Loans. Deposits. Loans and advances are shown at net realisable or net payable as
the case may be.

NOTE 26 : Cash Flow statement is prepared in accordance with the Indian Accounting Standard 7
NOTE 27 : RELATED PARTY DISCLOSURE

As per Indian Accouting Standard 24, the disclosures of transactions with the realted parties are given
below:

NOTE 28 : PREVIOUS YEAR FIGURES

Previous year figures have been re-grouped, reclassified, reworked and rearranged wherever necessary for
proper presentation of accounts.

. . ---- ___

(t» Particulars relating to Corporate Social Responsibility Not Applicable

^{W P}*''^,''^C“''''^rS " ‘"ⁿ”^{C,,0n Wl,h i,ruck} 0" «K» »« « «» Act, 2013 or S^lon 500 of C.mp.nio, Act, 1950:- Not Apptat,,.

(d) Details of Ben ami Property held Not Applicable

^{(e) The Compan/ hav}* "<* t^ded or invested in Crypto currency or Virtual Currency during the financial year.

(f) The Company has not revalued its Properties, Plant and Equipment during the year under consideration.

Tltie deeds of Immovabie property not heid in the name of company There are no property which is not held in the name of the Company.

(i) The company doesn’t have any undisclosed Income.

U) Compliance with number of layers of companies There are no investment held by the company

(k) Compliance with approved scheme of arrangementNot Applicable

(l) Utilization of Borrowed funds and Share Premium :•

(^During the year, no funds have been advanced or loaned or Invested by the company to or In any other persons or entities including foreisn entitles with th*
understanding whether recorded in writing or otherwise, that the intermediary shall, whether, directly or indirectly lend or invest in Iher JUons ’oTentit^^nrirwr
°° ^be,‘^8,f * ^{Conp,ny W Pr0V}*^{e 3}"^{y SUa}''ⁿ"^{l'' «¦'' ^half or the Ultimate Be.ScierieT "}

'' * J ^year’ °® ^,"^{nds been received} ^ company, from any persons or entities, including foreign entities, with the understanding whether recorded In

^or 9nu,te*¦ -—*- -

(m> (a)Tne Company do not have any charges or satisfaction which is yet to be registered with ROC.

(b| The Company has not been declared wllfut defaulter by any Bank or arry financial institution.

|o) The The Company doesn''t have any Intangible Assets under development and hence details are not applicable.

For S 0 P M 6t Co. For and on behalf of the Board of Directors

Chartered Accountants _B ~_r

_ R R Securities limited

FRN : 126741W O

sjl- b SUL

Malav pJail (KyejdraJS^T (Rita R. Shah,

Chalmien Managing Director

— ~ ¹"^m"

iMahscrxJr* Sonf) <6lrju^hah|

Company Secretary CFO

FC5 : 3076 pitt RF7Ptonaif

PUce: Ahmedabad Piece: Ahmad**

^&StC:25''^05/2M4 Date 2*05*024

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Mar 31, 2014

1. GENERAL :

1) Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

2) Sundry debit and credit balances of loans and advances are subject to confirma- tion and reconciliation, if any. As per view of management the same are shown at realisable value and necessary precaution of actual and realisable value has been taken care of.

3) As informed to me, and on verification of record there is contingent liabilities relating to Guarantee given to Jammu Kashmir Bank for Granting facilities to R.R.J.Dyes and Intermediates Limited. Company has also given Guarantee to Corporation bank for granting limits to Vibrant Polymers Limited in both the Com- panies Director Shri. R.B.Shah is also director. Company has not taken any counter Guarantee or Guarantee Commission from R.R.J.Dyes Limited or Vibrant Poly- mers Limited.

4) Auditors Remuneration relating to audit work Rs. 29600/- (Previous Year Rs. 29500/-) is provided at the end of year.

5) During the year remuneration is paid to Director Smt. Rita R Shah as per terms of Appointment amounting to Rs. 204000/- (P.Y. Rs. 204000/-).

6) As Certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realisable or net payable as the case may be.

7) Income in Foreign Currency is NIL

8) Expenditure in Foreign Currency is NIL

9) Closing Stock is accounted in the books as taken valued and certified by Direc- tors and Authorised Person''s of the Company.

10) Company''s Profitability is affected due to non recovery of disputed finance to other parties and investment in shares of concerns in which directors are inter- ested. As informed to us Finance Charges of current year as well as past years are not realisable and as per guidelines of RBI for NBFC income is accounted on the basis of realisation only the same are not accounted to comply with rules of RBI.

11) Company has received NBFC registration. During the year However Company has accepted and repaid the deposits / loan received from others. At the end of year outstanding loans or deposits are either from Directors or concerns in which Directors are interested or Inter Corporate Deposits. These deposits need confir- mation and explanation and period for which deposits are given by the deposits holders. In all transactions it is difficult to bifurcate loans / deposits as the Com- pany is also paying interest on these advances taken and maintaining account of deposit holders like current account and paying interest on daily balance basis in few cases. Hence provisions of section 58 of the companies Act, 1956 are not complied with fully.

2) RELATED PARTY DISCLOSURE FOR THE YEAR ENDING 31-03-2014 :

(I) Associate : Akash Agro Industires Ltd.

Rajendra B. Shah-HUF

(II) Key Management Personnel : Shri Rajendra B Shah

Smt. Rita R. Shah

R.R. Consultancy (Prop : Rita Shah)

(III) Relatives of key Management : Vasuben B. Shah

Personnel

Birju R. Shah

Rima R. Shah

Virendra Shah

3) In opinion of the management, the Company has not separate reportable segment Hence disclosure under Accounting Standard-17 "Segment Reporting" issued by ICAI is not given.

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Mar 31, 2013

1. GENERAL:

1) Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

2) Sundry debit and credit balances of loans and advances are subject to confirmation and reconciliation, if any. As per view of management the same are shown at realizable value and necessary precaution of actual and realizable value has been taken care of.

3) As informed to us. and on verification of record there is contingent liabilities relating to Guarantee given to Jammu Kashmir Bank for Granting facilities to R.R.J Dyes and Intermediates Limited Company has also given Guarantee to Corporation bar''-: for granting limits to Vibrant Polymers Limited in both the Companies Director Shri R.B.Shah is also director Company has not taken any counter Guarantee or Guarantee Commission from R.R.J.Dyes Limited or Vibrant Polymers Limited

4) Auditors Remuneration relating to audit work Rs 29500/- (Previous Year Rs 29500/-) is provided at the end of year

5) During the year remuneration is paid to Director Smt. R*ita Rajendra Shah as per terms of Appointment amounting to Rs 204000 (P Y Rs 204000/-)

6) As Certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realizable or net payable as the case may be.

7) Income in Foreign Currency is NIL

8) Expenditure in Foreign Currency is NIL

9) Closing Stock is accounted in the books as taken valued and certified by Directors and Authorized Person''s of the Company

10)Company''s Profitability is affected due to non recovery of disputed finance to other parties and investment in shares of concerns in which directors are interested As informed to us Finance Charges of current year as well as past years are not realizable and as per guidelines of RBI for NBFC income is accounted on the basis of realization only the same are not accounted to comply with rules of RBI

11)Company has received NBFC registration. During the year However Company has accepted and repaid the deposits / loan received from others. At the end of year outstanding loans or deposits are either from Directors or concerns in which Directors are interested or Inter Corporate Deposits. These deposits need confirmation and explanation and period for which deposits are given by the deposits holders. In all transactions it is difficult to bifurcate loans / deposits as the Company is also paying interest on these advances taken and maintaining account of deposit holders like current account and paying interest on daily balance basis in few cases. Hence provisions of section 58 of the companies Act, 1956 are not complied with fully.

2) RELATED PARTY DISCLOSURE FOR THE YEAR ENDING 31-03-2013

(I) Associate : Akash Agro Industries Ltd

Rajendra B. Shah-HUF

R.R. Consultancy

(II) Key Management Personnel Smt. Rita R. Shah

Mr. R.B.Shah

(III) Relatives of key Management

Personnel Vasuben B. Shah

Birju R. Shah Rima R. Shah

3) In opinion of the management, the Company has not separate reportable segment Hence disclosure under Accounting Standard-17 "Segment Reporting" issued by IC AI is not given.

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Mar 31, 2012

1) Previous year fiQures have been re-grouped and rearranged wherever necessary for proper presentation of accounts

2) Sundry debit and credit balances of loans and advances are subject to confirmation and reconciliation, if any. As per view of management the same are shown at realisable value and necessary precaution of action and realisable value has been taken care of.

3) As informed to us, and on verification of record there is contingent liabilities relating to Guarantee given to Jamrnu Kashmir Bank foi Granting facilities to R R J.Dyes and Intermediates Limited. Company has afso given Guarantee to Corporation bank for granting limits to Vibrant Polymers Limited in both the Companies Director Shn R.B.Shah is also director Company has not taken any counter Guarantee or Guarantee Commission from RRJ Dyes Limited or Vibrant Polymers Limited

4) Auditors Remuneration relating to audit work Rs 29000/- (Previous Year Rs. 25000/-) is provided at the end of year

5) During the year remuneration is paid to Director SnU Rita Rajendra Shah as per terms of Appointment amounting to Rs. 204000/- {P.Y Rs. 204000A).

6) As Certified by the Directors ail amounts in the Balance Sheet relating to Sundry Debtors. Sundry Creditors, Unsecured Loans Deposits. Loans and advances are shown at net realisable or net payable as the case may be

7} Income in Foreign Currency is NIL NIL.

8) Expenditure in Foreign Currency is NIL

9) Closing Stock is accounted in the books as taker valued and certified by Directors and Authorised Person's of the Company

10)Companys Profitability is affected doe to non recovery of disputed finance to other parties and investment in shares of concerns in which directors are interested. As informed to us Finance Charges of current year as well 3 5 past years are not realisable and as per guidelines of RBi for NBFC income is a acounted on the basis of realisation only Ihe same are not accounted to comoty with r ules of RBt

11) Company has received NBFC registration During the year However Company has accepted and repaid the deposits / loan received from others. At the end of year outstanding loans or deposits are either from Duectors or concerns in which Directors are interested or Inter Corporate Deposits. These deposits need confirmation and explanation and penod for which deposits are given by the deposits holders In all transactions it is difficult to bifurcate loans / deposits as the Company is also paying interest on these advances taken and maintaining account of deposit holders like cunent account and paying interest on daily balance basis in few cases. Hence provisions of section 58 of Ihe companies Act, 1956 are not complied with fully

12) RELATED PARTY DISCLOSURE FOR THE YEAR ENDING 31-03-2012

(i) Associate : Akash Agro Industires Ltd Rajendra B Shah-HUF R.R Consultancy

(ii) Key Management Personnel : Smt Rita R Shah Mr RB Shah (iii) Relatives of key Management Personnel : Vasuben B Shah Birju R Shan Rlrna R. Shsih

13) In optmon of the management, the Company has not separate reportable segment Hence disclosure under Accounting Standard-17 "Segment Reporting" issued by ICAI is not given.

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Mar 31, 2010

1. GENERAL:

1) Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

2) Sundry debit and credit balances of loans and advances are subject to confirmation and reconciliation, if Any. As per view of management the same are shown at realisable value and necessary precaution of actual and realisable value has been taken care of.

3) As informed to us, and on verification of record there is contingent liabilities relating to Grarantee given to Jammu Kashmir Bank for Granting facilities to R.R.J.Dyes and Intermediates Limited. Company has also given Guarantee to Corporation Bank for granting limits to Vibrant Polymers Limited in both the Companies Director Shri R. B. Shah is also director. Company has not taken any counter Guarantee or Guarantee Commission from R. R. J. Dyes Limited or Vibrant Polymers Pvt. Ltd.

4) Auditors Remuneration relating to audit work Rs.25000/-(Previous Year Rs.25000/-) is provided at the end of year.

5) During the year remuneration is paid to Director Smt. Rita Rajendra Shah as per terms of Appointment amounting to Rs.204000/-(P.Y. Rs.150000/-).

6) As Certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realisable or net payable as the case may be.

7) Income in Foreign Currency is NIL.

8) Expenditure in Foreign Currency is NIL.

9) Closing Stock is accounted in the books as taken valued and cretified by Directors and Authorised Persons of the Company.

10) Companys Profitability is affected due to non recovery of disputed finance to other parties and investment in shares of concerns in which directors are interested. As informed to us Finance Charges of current year as well as past years are not realisable and as per guidelines of- RBI for NBFC income is accounted on the basis of realisation only the same are not accounted to comply with rules of RBI.

11) Company has received NBFC registration. During the year However Company has accepted and repaid the deposits / loan received from others. At the end of year outstanding loans or deposits are either from Directors or concerns in which Directors are interested or Inter Corporate Deposits. These deposits need confirmation and explanation and period for which deposits are given by the deposits holders. In all transactions it is difficult to bifurcate loans / deposits as the Company is also paying interest on these advances taken and maintaining account of deposit holders like current account and paying interest on daily balance basis in few cases. Hence provisions of section 58 of the companies Act, 1956 are not complied with fully.

3) RELATED PARTY DISCLOSURE FOR THE YEAR ENDING 31-03-2010

(I) Associate : Akash Agro Industries Ltd.

Rajendra B. Shah - HUF

R.R. Consultancy

(II) Key Management Personnel : Smt. Rita R. Shah

(III) Relatives of key Managemen : Vasuben B. Shah Personnel

Birju R. Shah

4) In opion of the management, the company is not required separate reportable segment hence disclosure under Accounting Standard-17 "Segment Reporting" issued by ICAI is not given.