Market
BSE Prices delayed by 5 minutes... << Prices as on Mar 28, 2024 >>  ABB India  6363.3 [ 1.33% ] ACC  2490.7 [ 1.39% ] Ambuja Cements  612.3 [ 1.76% ] Asian Paints Ltd.  2846 [ 0.56% ] Axis Bank Ltd.  1048.3 [ -0.50% ] Bajaj Auto  9144.9 [ -0.29% ] Bank of Baroda  264.2 [ 2.07% ] Bharti Airtel  1229.05 [ 0.36% ] Bharat Heavy Ele  247.2 [ 1.77% ] Bharat Petroleum  602.3 [ 1.23% ] Britannia Ind.  4912.95 [ -0.14% ] Cipla  1494.65 [ 1.94% ] Coal India  433.75 [ 0.70% ] Colgate Palm.  2710.9 [ 2.02% ] Dabur India  523.15 [ 0.33% ] DLF Ltd.  898.3 [ 1.99% ] Dr. Reddy's Labs  6155.15 [ 1.78% ] GAIL (India)  181.15 [ 0.50% ] Grasim Inds.  2288.5 [ 3.74% ] HCL Technologies  1543.3 [ -0.26% ] HDFC  2729.95 [ -0.62% ] HDFC Bank  1448.2 [ 0.52% ] Hero MotoCorp  4717.2 [ 3.21% ] Hindustan Unilever L  2268.25 [ 1.26% ] Hindalco Indus.  560.45 [ 0.52% ] ICICI Bank  1095.85 [ 1.09% ] IDFC L  110.65 [ -0.58% ] Indian Hotels Co  591.35 [ 0.96% ] IndusInd Bank  1555.7 [ 1.47% ] Infosys L  1498.8 [ 0.99% ] ITC Ltd.  428.55 [ 0.13% ] Jindal St & Pwr  849.45 [ 1.88% ] Kotak Mahindra Bank  1785.8 [ 0.57% ] L&T  3774.1 [ 1.83% ] Lupin Ltd.  1617.85 [ 1.23% ] Mahi. & Mahi  1921.35 [ 2.26% ] Maruti Suzuki India  12613.1 [ 0.74% ] MTNL  32.92 [ -3.01% ] Nestle India  2623.3 [ 2.18% ] NIIT Ltd.  105.55 [ -2.72% ] NMDC Ltd.  201.7 [ 1.33% ] NTPC  335.95 [ 1.60% ] ONGC  267.85 [ 2.29% ] Punj. NationlBak  124.35 [ 1.30% ] Power Grid Corpo  277.05 [ 2.21% ] Reliance Inds.  2976.8 [ -0.37% ] SBI  752.6 [ 2.53% ] Vedanta  271.65 [ 0.02% ] Shipping Corpn.  208.75 [ 3.42% ] Sun Pharma.  1620.5 [ 0.77% ] Tata Chemicals  1080.6 [ -2.72% ] Tata Consumer Produc  1095.4 [ 0.56% ] Tata Motors Ltd.  993 [ 1.45% ] Tata Steel  155.9 [ 2.00% ] Tata Power Co.  394.15 [ 1.49% ] Tata Consultancy  3883.55 [ 1.20% ] Tech Mahindra  1250.4 [ -0.26% ] UltraTech Cement  9745.05 [ 1.24% ] United Spirits  1134.3 [ -0.34% ] Wipro  480.05 [ 1.66% ] Zee Entertainment En  138.7 [ -1.87% ] 
Royal Cushion Vinyl Products Ltd. Notes to Accounts
Search Company 
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) 99.92 Cr. P/BV -0.26 Book Value (Rs.) -103.60
52 Week High/Low (Rs.) 43/8 FV/ML 10/1 P/E(X) 515.28
Bookclosure 29/09/2023 EPS (Rs.) 0.05 Div Yield (%) 0.00
Year End :2015-03 
1. CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF:

                                             31.03.2015      31.03.2014
                                          (Amount in Rs) (Amount in Rs)

a)  Guarantee/Letter of credit given by     Refer note      Refer note
    Company's Bankers                         below            below

b)  Foreign Bills Discounted with Banks     Refer note      Refer note
                                              below            below
c) Showcause/Demand raised /Appeal 3,103,796 15,883,989 filed to the Various Authorities & disputed by the Company

d) Penalty Imposed by FERA& disputed 10,000,000 10,000,000 by the Company

e)  Custom duty payable on Import of        amounts          amounts
    duty free capital goods                 unascer          unascer
                                            tainable         tainable

f)  Penalties, if any, in respect of        amounts          amounts
    custom duty liabilities for import      unascer          unascer
    of raw materials under advance          tainable         tainable
    licence scheme and of Capital
    goods under EPCG Scheme.

g)  Suits filed against the Company         amounts          amounts
    for recovery of dues                    unascer          unascer
                                            tainable         tainable

Note: Not ascertained by the Company as the relevant details are not received from the respective authorities.

2. The Company has made an investment of Rs. 25,931,404 ( œ 450.200) in Euroroyal Floors Ltd.( "ERF") wholly owned subsidiary in U.K. The subsidiary also owes Rs. 233,375,543 ( Net of commission payable Rs. 10,619,234 ) towards supply of goods made to it. The principal customers of ERF in Russia did not honour the debts, Due to this ERF in turn, could not pay its creditors. The Company has been informed by the ex-local Directors of ERF that one of the creditors had filed a suit for winding-up of ERF pursuant to which the High Court of Justice of U.K. made a winding-up order dated 11th June,2001 against ERF and the official receiver has been appointed to liquidate the assets of ERF. Thereafter order dated 12/03/2002 was passed and ERF is dissolved. Under the circumstances, the Management had provided for diminution in value of investment made in ERF in the year 2000-01. As also, provision against the debt of Rs. 233,375,543 due from ERF had been made during the earlier year.

3. Under the Micro, Small and Medium Enterprise Development Act, 2006 ("MSMED Act") which came into force effective from 2nd October 2006,certain disclosures relating to amounts due to micro, small and medium enterprises and remained unpaid after the appointed date etc. of principal and interest amounts are required to be made. The Company is in the process of compiling the relevant information. As the relevant information is not yet readily available and / or not given or confirmed by such enterprises, it is not possible to give required information in the accounts. However, in view of the management, the impact of interest, if any, which may subsequently become payable to such enterprises in accordance with the provisions of the Act, would not be material and the same, if any payable, would be disclosed in the year of payment of interest.

4. The Company has suffered substantial losses and due to this, the entire net worth has been eroded. However, operations are Continued, the accounts of the Company have been prepared on the basis that the Company is a going concern.

5. Sundry Debtors & Creditors (Including foreign suppliers) are subject to confirmation

6. Segment Reporting:

The Company has one segment of activity namely PVC products (PVC Laminated Sheet/Tiles, PVC Leather Cloth).

7. Accounting for Taxes on Income:

In view of Loss in current year as well as having substantial brought forward losses and the fact that there would not be taxable income in the near future, the deferred tax assets is not recognized. Deferred tax liability, if any would arise in the year in which the claim giving rise to timing difference is made. Accordingly, deferred tax asset/liability is not recognized.

8. The Directors / employees of the Company have acquired motor cars in their names from and out of the loans obtained by them from the banks, pursuant to an arrangement between the Directors / employees for use of the Company. Accordingly, the Company has accounted the said cars & the said loans in the name of the Directors/ employees, as the assets & the liabilities of the Company, including the transactions in respect of repayment and payment of interest etc.

9. The useful life of fixed assets has been revised in accordance with Schedule - II to the Companies Act-2013 which is applicable for accounting periods commencing on or after 01/04/2014. Consequently an amount of Rs. 14,84,02,188 representing assets beyond their useful life as of 01/04/2014 has been charged to retained earning in other cases carring amount has been depreciated/amortised over the remaining useful life of the assets.

10.. NAME OF RELATED PARTIES AND RELATIONS

1 (A) SUBSIDIARY COMPANY

a) Euro royal Floors Ltd.

(B) ASSOCIATES CONCERN / TRUST

a) Natroyal Industries Pvt. Limited

b) Royal Spin well Pvt Limited

c) Samsons Leather cloth Manufacturing Co. LLP

d) Royal Jerfeb Pvt Limited

e) Shreedaha Trading & Consultancy Services LLP

f) Shreeshaha Trading & Consultancy Services LLP

g) Bhaktavatsala Trading & Consultancy Services LLP

h) Trilokesh Trading & Consultancy Services LLP

i) Vishwamurti Trading Consultancy Services LLP

j) Sumukh Trading & Consultancy Services LLP

k) Lokwami Trading &Cosultancy Services LLP

l) Sahishnu Trading & Consultancy Services LLP

m) Sughosh Trading & Consultancy Services LLP

n) Trilokatma Trading & Consultancy Services LLP

o) M. V. Trust Properties

p) Nityanand Overseas Trading

(C) KEY MANAGEMENT

a) Mahesh KantilalShah

b) Vinod KantilalShah

11. The amount of Excise Duty disclosed as deduction from turnover is the Excise duty for the year, except the excise duty related to the difference between the closing stock and opening stock and excise duty paid but not recovered, which has been disclosed in the (Increase) / decrease in stock and the other expenses respectively. (Increase) / decrease in stock includes excise duty on finished goods (net)Rs. 71,10,354 (Previous year Rs. 79,22,277)

12. The figures of previous year have been regrouped / reclassified / recast wherever necessary to compare with the current year's figures.


KYC IS ONE TIME EXERCISE WHILE DEALING IN SECURITIES MARKETS - ONCE KYC IS DONE THROUGH A SEBI REGISTERED INTERMEDIARY (BROKER, DP, MUTUAL FUND ETC.), YOU NEED NOT UNDERGO THE SAME PROCESS AGAIN WHEN YOU APPROACH ANOTHER INTERMEDIARY. | PREVENT UNAUTHORISED TRANSACTIONS IN YOUR ACCOUNT --> UPDATE YOUR MOBILE NUMBERS/EMAIL IDS WITH YOUR STOCK BROKER/DEPOSITORY PARTICIPANT. RECEIVE INFORMATION/ALERT OF YOUR TRANSACTIONS DIRECTLY FROM EXCHANGE/NSDL ON YOUR MOBILE/EMAIL AT THE END OF THE DAY .......... ISSUED IN THE INTEREST OF INVESTORS
 
Disclaimer Clause | Privacy | Terms of Use | Rules and regulations | Feedback| IG Redressal Mechanism | Investor Charter | Client Bank Accounts
Right and Obligation, RDD, Guidance Note in Vernacular Language
Attention Investors : "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
  "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
  "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participants. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day.Issued in the interest of Investors."
Regd. Office: 76-77, Scindia House, 1st Floor, Janpath, Connaught Place, New Delhi – 110001
NSE CASH , NSE F&O,NSE CDS| BSE CASH ,BSE CDS |DP NSDL | MCX-SX SEBI NO: INZ000155732
KK Comtrade Pvt Ltd. : Member - MCXINDIA (Commodity Segment) , SEBI NO: INZ000034837
Mumbai Office: 52, Jolly Maker Chamber 2, Nariman Point, Mumbai - 400021, Tel: 022-45106700, Toll Free Number: 1800-103-6700

Compliance Officer: Mukesh Rustagi, Company Secretary, Tel: 011-46890000, Email: mukesh_rustagi80@hotmail.com
For grievances please e-mail at: kkslig@hotmail.com

Important Links : NSE | BSE | SEBI | NSDL | Speed-e | CDSL | SCORES | NSDL E-voting | CDSL E-voting
Copyrights @ 2014 © KK Securities Limited. All Right Reserved
Designed, developed and content provided by