| 1. General Information
Rathi Bars Limited, a steel rolling mill, was set-up at Khushkhera,
Distt. Alwar, Rajasthan with a view to meet the growing requirement of
reinforcement steel bars for construction. The company is engaged in
the manufacturing of reinforcement steel bars (TMT) & Low Carbon
Billets.
2. Terms / rights attached to equity shares
The Company has only one class of equity shares having par value of
Rs.10 per share. Each holder of the equity share is entitled to one
vote per share.
3. The Company has provided liabilities on account of Defined Benefit
Obligation on the basis of actuarial valuation as given by actuarial
valuer, detailed disclosure in terms of AS-15 (Revised) could not be
made. However, in the opinion of the management, the amount is not
material and defined benefit obligation has been provided.
4. Current Liabilities & Provisions:
i) Sundry creditors includes ' 12.72 lacs (31st March, 2014: ' 12.14
lacs) due to Small Scale Industrial Undertakings (SSl Units) as
identified by the Company and relied upon by the auditors.
ii) The company has not received any intimation from "Suppliers"
regarding their status under the Micro, Small and Medium Enterprises
Development Act, 2006 and hence disclosures, if any, relating to
amounts unpaid as at the year end together with interest paid/payable
as required under the said Act have not been given.
5. Contingent liabilities not provided for:
Claims against the Company not acknowledged as debts (to the extent
ascertained) in respect of various demands etc. raised, which in the
opinion of the management are not tenable are under appeal at various
stages: Nil (Previous Year: Nil)
6. The figures of previous year have been re-arranged/re-grouped
wherever felt necessary.
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