Mar 31, 2015
NOTE-1
(I) OVERVIEW
The Company is in the business of refractory manufacturing and
selling. It produces High Alumina Refractory Bricks, Castables and
Supplying to Core Industries namely Cement, steel and others. The
Company is having manufacturing Units at Dalmiapuram (Tamil Nadu),
Khambalia and Katni (Madhya Pradesh) and its corporate office is
situated at New Delhi. The Securities of the Company were listed at
Calcutta Stock Exchange, Delhi Stock Exchange and Madras Stock
Exchange. However, Delhi Stock Exchange had been derecognized by
Securities and Exchange Board of India (SEBI) vide its order dated
19th November, 2014 and had also passed orders date 14th May, 2015 to
provide exit to Madras Stock Exchange, which had sought voluntary exit
from the stock exchange activities. The Company continues to be listed
at Calcutta Stock Exchange.
NOTE-2
Excise duty is net of reimbursement on job work production Rs.Nil
(previous year Rs.794.03 lacs). The sale of services includes
processing charges for job work Rs.Nil (previous year Rs.1855.26 lacs)
During the year, the Company has changed the method of determining the
cost of raw material from "Yearly Weighted Average Cost Method" to
"Real Time Weighted Average Cost Method". The impact of this change,
if any, could not be ascertained on account of installation of the new
accounting software "RAMCO" during the year.
NOTE-3
The following expenses have been charged to other Accounts -
Salaries, Wages and Benefits to Employees 125.28 133.78
NOTE-4
In the opinion of the Board and to the best of their knowledge and
belief, the value on realization of Current Assets, Loans and
Advances, will, in the ordinary course of business, not be less than
the amount at which they are stated in the Balance Sheet.
NOTE-5
Company has carried out production of refractories at its Dalmiapuram
Unit on job work basis and the same has been discontinued w.e.f.
01.04.2014.
NOTE-6
Previous year figures have been regrouped and/or rearranged wherever
necessary to correspond with current period figures.
NOTE-7
All amounts including those in contingent liabilities and notes have
been expressed in Rupees Lacs rounded off to the nearest thousands.
Figures less than Rupees five hundred which are required to be shown
separately have been shown at actuals in double bracket. Figures in
Metric Tonnes have been rounded off to the nearest Metric Tonne.
NOTE-8
As per Accounting Standard (AS)-15 "Employee Benefits", the disclosure
of employee benefits as defined in the Accounting standard is given
below:
(a) Defined Contribution Plans:- The Company has recognised an expense
of Rs.91.48 lacs (previous year Rs.86.16 lacs) towards the defined
contribution plan.
NOTE-9
Related Party Disclosures, as required by Accounting Standard -18 is
as below:
A. Relationships:
(i) Key Managerial Personnel :-
Shri C.N. Maheshwari Chief Executive Officer Designated as KMP w.e.f.
29.05.2014
Shri S.K. Srivastava Chief Financial Officer Designated as KMP w.e.f.
29.05.2014
Ms. Akansha Jain Company Secretary w.e.f. 26.08.2014
(ii) Promoters of the Company/Relatives of the Promoters:-
Shri J. H. Dalmia, Shri Y. H. Dalmia, J. H. Dalmia (HUF), Y. H. Dalmia
(HUF), Shri Gautam Dalmia, Shri Puneet Yadu Dalmia, Gautam
Dalmia(HUF), Smt. Kavita Dalmia,Smt.BelaDalmia,Smt.AnupamaDalmia, Smt.
Avantika Dalmia, Kumari Shrutipriya Dalmia, Kumari Sukeshi Dalmia,
Kumari Vaidehi Dalmia, Kumari Sumana Dalmia, Kumari Avanee Dalmia,
Mst. Priyang Dalmia.
(in) Enterprises controlled by the Promoters of the Company:-
Rama Investment Company Private Limited, Puneet Trading & Investment
Company Private Limited, Kavita Trading & Investment Company Private
Limited, Sita Investment Company Limited, Mayuka Investment Limited,
Ankita Pratisthan Limited, Himgiri Commercial Limited, Valley Agro
Industries Limited, Shree Nirman Limited, Keshav Power Limited, Avanee
and Ashni Securities Private Limited, OCL India Limited, ZipAhead.Com
Private Limited, Alirox Abrasives Limited, Dalmia Bharat Limited
(formerly Dalmia Bharat Enterprises Limited), Kanika Investment
Limited, Ishita Properties Limited, Dalmia Cement (Bharat) Limited
(Formerly Avnija Properties Limited), D.I. Properties Limited, Geetee
Estates Limited, Hemshila Properties Limited, Shri Rangam Properties
Limited, Arjuna Brokers & Minerals Limited, Dalmia Minerals &
Properties Limited, Shri Radha Krishna Brokers & Holdings Limited,
Dalmia Power Limited, DCB Power Ventures Limited, Sri Shanmugha Mines
& Minerals Limited, Sri Subramanya Mines & Minerals Limited, Sri
Swaminatha Mines & Minerals Limited, Sri Madhusudhana Mines and
Properties Limited, Sri Trivikrama Mines & Properties Limited, Sri
Dhandauthapani Mines & Minerals Limited, Cosmos Cements Limited,
Sutnga Mines Private Limited, Rajputana Properties Private Limited,
Golden Hills Resorts Private Limited, Dalmia Bharat Sugar and
Industries Limited (Formerly Dalmia Cement (Bharat) Limited),
Himshikhar Investment Limited, Dalmia Solar Power Limited, Dalmia
Sugar Ventures Limited, Sukeshi Trust, Vaidehi Trust, Sumana Trust,
Shrutipriya Dalmia Trust, Priyang Trust, Avanee Trust, Adhunik Cement
Ltd., Adhunik MSP Cement (Assam Ltd.), Calcom Cement (India) Ltd.,
Vinay Cement Ltd, RCL Cements Ltd, SCL Cements Ltd., Khappal Coal Co.
Pvt. Ltd., Shri Chamundeswari Minerals Ltd., Shri Yadu Hari
Trusteeship Services Pvt. Ltd., YHD Trusheeship Services Pvt. Ltd.,
Vastalaya Developers Pvt. Ltd., Vinimay Developers Pvt. Ltd., Dalmia
Bharat Cements Holdings Ltd., Sri Rangam Securities and Holdings Ltd.,
Shri Investments, Yadu Hari Dalmia Parivar Trust, Respect Elders &
Co., Love Children & Co., Respect Nature & Society, Shri Brahma
Creation Trust, Shri Vishnu Preservation Trust, Shubh Home Realtors
LLP., Dalmia Cement East Limited, Glow Homes Technologies Private
Limited, Jayevijay Agro Farms Private Limited, OCL Global Limited, OCL
China Limited, Odisha Cement Limited.
Mar 31, 2014
(I) OVERVIEW
The Company is in the business of refractory manufacturing and selling.
It produces High Alumina Refractory Bricks, Castables and Supplying to
Core Industries namely Cement, steel and others. The Company is having
manufacturing Units at Dalmiapuram (Tamil Nadu), Khambalia and Katni
(Madhya Pradesh) and its corporate office is situated at New Delhi. The
Company is listed at Madras Stock Exchange, Calcutta Stock Exchange and
Delhi Stock Exchange.
(Rs. In lacs)
Particulars As at As at
31- March, 2014 31st March, 2013
NOTE -1.2 CONTINGENT LIABILITIES AND COMMITMENTS:
(A) Contingent Liability exists in respect of
i) Income Taxforwhich the Company
has preferred appeals
ii) Income Tax for which the Income Tax
Department has preferred 0.52 0.52
appeals against the decisions in
favour of the Company
iii) Other monies for which the Company
is contingently 146.67 269.25
liable including bank guarantees.
iv) Letter of credit opened by bank 20.93 361.65
(B) Claims against the Company not acknowledge as debt and being
contested before the appropriate authorities.
i) Excise matters 34.11 71.64
ii) Sales tax matters 45.56 35.37
iii) Other matters 82.92 81.14
NOTE-1.4
Excise duty is net of reimbursement on job work production Rs.794.03
lacs (previous year Rs.770.27 lacs). The sale of services includes
processing charges for job work Rs.1855.26 lacs (previousyear
Rs.2053.82 lacs)
NOTE-1.6
In the opinion of the Board and to the best of their knowledge and
belief, the value on realization of Current Assets, Loans and Advances,
will, in the ordinary course of business, not be less than the amount
at which they are stated in the Balance Sheet.
NOTE-1.7
Company has carried out production of refractories at its Dalmiapuram
Unit on job work basis and the same is being discontinued w.e.f.
01.04.2014.
NOTE-1.8
Previous year figures have been regrouped and/or rearranged wherever
necessary to correspond with current period figures.
NOTE-1.9
All amounts including those in contingent liabilities and notes have
been expressed in Rupees Lacs rounded off to the nearest thousands.
Figures less than Rupees five hundred which are required to be shown
separately have been shown at actuals in double bracket. Figures in
Metric Tonnes have been rounded off to the nearest Metric Tonne.
NOTE-1.10
As per Accounting Standard (AS)-15 "Employee Benefits", the disclosure
of employee benefits as defined in the Accounting standard is given
below:
(a) Defined Contribution Plans:-
The Company has recognised an expense of Rs.86.16 lacs (previous year
Rs.83.77 lacs) towards the defined contribution plan.
NOTE-1.12
Related Party Disclosures, as required by Accounting Standard -18 is as
below:
A. Relationships:
(i) Subsidiary of the Company:-Shri Chamundeswari Minerals Limited till
30.03.2013.
(ii) Promoters of the Company/Relatives of the Promoters:-
Shri J.H. Dalmia, Shri Y.H. Dalmia, J.H. Dalmia (HUF), Y.H. Dalmia
(HUF), Shri Gautam Dalmia, Shri Puneet Yadu Dalmia, Gautam Dalmia
(HUF), PuneetYadu Dalmia (HUF), Smt. Kavita Dalmia, Smt. Bela Dalmia,
Smt. Anupama Dalmia, Smt. Avantika Dalmia, Kumari Shrutipriya Dalmia,
Kumari Sukeshi Dalmia, Kumari Vaidehi Dalmia, Kumari Sumana Dalmia,
Kumari Avanee Dalmia, Mst. Priyang Dalmia, Shri M.H. Dalmia, Smt. Abha
Dalmia, Shri V.H. Dalmia.
(iii) Enterprises controlled by the Promoters of the Company:-
Rama Investment Company Private Limited, Puneet Trading & Investment
Company Private Limited, Kavita Trading & Investment Company Private
Limited, Sita Investment Company Limited, Mayuka Investment Limited,
Ankita Pratisthan Limited, Himgiri Commercial Limited, Valley Agro
Industries Limited, Shree Nirman Limited, Keshav Power Limited, Avanee
and Ashni Securities Private Limited, OCL India Limited, ZipAhead.Com
Private Limited, Alirox Abrasives Limited, Dalmia Bharat Limited
(formerly Dalmia Bharat Enterprises Limited), Kanika Investment
Limited, Ishita Properties Limited, Dalmia Cement (Bharat) Limited,
(Formerly Avnija Properties Limited), D.I. Properties Limited, Geetee
Estates Limited, Hemshila Properties Limited, Shri Rangam Properties
Limited, Arjuna Brokers & Minerals Limited, Dalmia Minerals &
Properties Limited, Shri Radha Krishna Brokers & Holdings Limited,
Dalmia Power Limited, DCB Power Ventures Limited, Sri Shanmugha Mines &
Minerals Limited, Sri Subramanya Mines & Minerals Limited, Sri
Swaminatha Mines & Minerals Limited, Sri Madhusudhana Mines and
Properties Limited, Sri Trivikrama Mines & Properties Limited, Sri
Dhandauthapani Mines & Minerals Limited, Cosmos Cements Limited, Sutnga
Mines Private Limited, Rajputana Properties Private Limited, Golden
Hills Resorts Private Limited, Dalmia Bharat Sugar and Industries
Limited (Formerly Dalmia Cement (Bharat) Limited), Himshikharlnvestment
Limited, Dalmia Solar Power Limited, Dalmia Sugar Ventures Limited, New
Habitat Housing Finance and Development Ltd., Sukeshi Trust, Vaidehi
Trust, Sumana Trust, Shrutipriya Dalmia Trust, Priyang Trust, Avanee
Trust, Adhunik Cement Ltd., Adhunik MSP Cement (Assam Ltd.), Calcom
Cement (India) Ltd., Vinay Cement Ltd, RCL Cements Ltd, SCL Cements
Ltd., Khappal Coal Co. Pvt. Ltd., Shri Chamundeswari Minerals Ltd.,
Shri Yadu Hari Trusteeship Services Pvt. Ltd., YHD Trusheeship Services
Pvt. Ltd., Vastalaya Developers Pvt. Ltd., Vinimay Developers Pvt.
Ltd., Dalmia Bharat Cements Holdings Ltd., Sri Rangam Securities and
Holdings Ltd., Shri Investments, Yadu Hari Dalmia ParivarTrust, Respect
Elders & Co., Love Children & Co., Respect Nature & Society, Shri
Brahma Creation Trust, Shri Vishnu Preservation Trust, Shubh Home
Realtors LLP.
Mar 31, 2013
(I) OVERVIEW
The Company is in the business of refractory manufacturing and selling.
It produces High Alumina Refractory Bricks, Castables and Supplying to
Core Industries namely Cement, steel and others. The Company is having
manufacturing Units at Dalmiapuram (Tamil Nadu), Khambalia and Wankaner
(Gujarat) and Katni (Madhya Pradesh) and its corporate office is
situated at New Delhi. The Company is listed at Madras Stock Exchange,
Calcutta Stock Exchange and Delhi Stock Exchange.
(Rs. In lacs)
Particulars As at As at
31 "March,
2013 31 "March,
2012
NOTE-1.1 CONTINGENT LIABILITIES
AND COMMITMENTS:
(A) Contingent Liability
exists in respect of
i) Income Tax for which the
Company has preferred appeals
ii) Income Tax for which the
Income Tax Department has preferred 0.52 0.52
appeals against the decisions
in favour of the Company
iii) Other monies for which the
Company is contingently 269.25 334.67
liable including bank guarantees.
(B) Claims against the Company
not acknowledge as debt and being
contested before the appropriate
authorities.
i) Excise matters 71.64 57.34
ii) Sales tax matters 35.37 61.60
iii) Other matters 81.14 75.52
NOTE-1.2
The Company has taken on lease a refractory unit at Wankaner effective
from 01.04.2011 for a period of 3 years at a lease rent of Rs.17.50
lacs per quarter with the right of purchasing the unit within a period
3 years at Rs.450 lacs. The total lease rent charged to the Statement
of Profit & Loss for the year is Rs.70.00 lacs. The Company is in the
process to discontinue the operations and vacate the premises by 30,h
June, 2013.
Not later than one year 17.50 70.00
Later than one year and not later than five years Nil 70.00
Later than five year N.A. N.A.
NOTE-1.3
Excise duty is net of reimbursement on job work production Rs.770.27
lacs (previous year Rs.690.38 lacs). The sale of services includes
processing charges for job work Rs.2,053.82 lacs (previous year
Rs. 2,280.58 lacs)
NOTE-1.4
The following expenses have been charged to other Accounts - Salaries,
Wages and Benefits to Employees
NOTE-1.5
In the opinion of the Board and to the best of their knowledge and
belief, the value on realization of Current
Assets, Loans and Advances, will, in the ordinary course of business,
not be less than the amount at which they are stated in the Balance
Sheet.
NOTE-1.6
Company has carried out production of refractories at its Dalmiapuram
Unit on job work basis. NOTE-1.7
Previous year figures have been regrouped and/or rearranged wherever
necessary to correspond with current period figures.
NOTE-1.7
All amounts including those in contingent liabilities and notes have
been expressed in Rupees Lacs rounded off to the nearest thousands.
Figures less than Rupees five hundred which are required to beshown
separately have been shown at actuals in double bracket. Figures in
Metric Tonnes have been rounded off to the nearest Metric Tonne.
NOTE-1.8
As per Accounting Standard (AS)-15 "Employee Benefits", the disclosure
of employee benefits as defined in the Accounting standard is given
below:
(a) Defined Contribution Plans:-
The Company has recognised an expense of Rs.83.77 lacs (previous year
Rs.74.06 lacs) towards the defined contribution plan.
NOTE-1.9
Related Party Disclosures, as required by Accounting Standard -18 is as
below:
A. Relationships:
(i) Subsidiary of the Company:- Shri Chamundeswari Minerals Limited
till 30.03.2013.
(ii) Key Management Personnel of the Company:-
Shri Deepak Thombre - Managing Director till 31st March, 2013.
(iii) Promoters of the Company/Relatives of the Promoters:-
Shri J.H. Dalmia, Shri Y.H. Dalmia, J.H. Dalmia (HUF), Y.H. Dalmia
(HUF), Shri Gautam Dalmia, Shri Puneet Yadu Dalmia, Gautam Dalmia
(HUF), Puneet Yadu Dalmia (HUF), Smt. Kavita Dalmia, Smt. Bela Dalmia,
Smt. Anupama Dalmia, Smt. Avantika Dalmia, Kumari Shrutipriya Dalmia,
Kumar Sukeshi Dalmia, Kumari Vaidehi Dalmia, Kumari Sumana Dalmia,
Kumari Avanee Dalmia, Mst. Priyang Dalmia, Shri M.H. Dalmia, Smt. Abha
Dalmia, Shri V.H. Dalmia.
(iv) Enterprises controlled by the Promoters of the Company:-
Rama Investment Company Private Limited, Puneet Trading & Investment
Company Private Limited, Kavita Trading & Investment Company Private
Limited, Sita Investment Company Limited, Mayuka Investment Limited,
Ankita Pratisthan Limited, Himgiri Commercial Limited, Valley Agra
Industries Limited, Shree Nirman Limited, Keshav Power Limited, Avanee
and Ashni Securities Private Limited, OCL India Limited, ZipAhead.Com
Limited, Alirox Abrasives Limited, Dalmia Bharat Limited (formerly
Dalmia Bharat Enterprises Limited), Kanika Investment Limited, Ishita
Properties Limited, Dalmia Cement (Bharat) Limited, (Formerly Avnija
Properties Limited), D.I. Properties Limited, Geetee Estates Limited,
Hemshila Properties Limited, Shri Rangam Properties Limited, Arjuna
Brokers & Minerals Limited, Dalmia Minerals & Properties Limited, Shri
Radha Krishna Brokers & Holdings Limited, Dalmia Power Limited, DCB
Power Ventures Limited, Sri Shanmugha Mines & Minerals Limited, Sri
Subramanya Mines & Minerals Limited, Sri Swamihatha Mines & Minerals
Limited, Sri Madhusudhana Mines and Properties Limited, Sri Trivikrama
Mines & Properties Limited, Sri Dhandauthapani Mines & Minerals
Limited, Dalmia Cement Ventures Limited, Cosmos Cements Limited, Sutnga
Mines Private Limited, Rajputana Properties Private Limited, Golden
Hills Resorts Private Limited, Dalmia Bharat Sugar and Industries
Limited (Formerly Dalmia Cement (Bharat) Limited), Himshikhar
Investment Limited, Dalmia Solar Power Limited, Dalmia Sugar Ventures
Limited, New Habitat Housing Finance and Development Ltd., Sukeshi
Trust, Vaidehi Trust, Sumana Trust, Shrutipriya Dalmia Trust, Priyang
Trust, Avanee Trust, Adhunik Cement Ltd., Adhunik MSP Cement (Assam
Ltd.), Calcom Cement (India) Ltd., Vinay Cement Ltd, RCL Cements Ltd,
SCL Cements Ltd and Khappal Coal Co. Pvt. Ltd.
Mar 31, 2012
(I) OVERVIEW
The Company is in the business of refractory manufacturing and selling.
It produces High Alumina Refractory Bricks, Castables and Supplying to
Core Industries namely Cement, steel and others. The Company is having
manufacturing Units at Dalmiapuram (Tamil Nadu), Khambalia and Wankaner
(Gujarat) and Katni (Madhya Pradesh) and its corporate office is
situated at New Delhi. The Company is listed at Madras Stock Exchange,
Calcutta Stock Exchange and Delhi Stock Exchange.
a) 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 equity share is entitled to one vote per share. In the event
of liquidation of the Company, the holders of equity shares will be
entitled to receive assets of the Company. The distribution will be in
proportion the number of equity shares held by the shareholders.
During the year ended 31st March, 2012 the amount of per share dividend
recognize as distribution to equity shareholders was Rs.2.00 (previous
year Rs.2.50). The Company declares Dividend in Indian Rupees. The
dividend proposed by the Board of Directors is subject to the approval
of shareholders in the ensuing Annual General Meeting.
b) Aggregate number of shares issued during the period of five years
immediately preceding the reporting date.
During the previous year, the Board of Directors have exercised the
call option in respect of detachable warrants as attached with 6% NCDs
as per the terms of issue and called upon all the existing warrant
holders to submit their applications for conversion of the warrants
held by them into equity shares of the Company. Warrant holders holding
23,52,084 warrants exercised the options and consequently the company
allotted 23,52,084 equity shares of Rs.10 each fully paid up. The funds
have been utilized for long term working capital and general corporate
purposes as defined in the Letter of Offer.
As per records of the Company, including register of
shareholders/members and other declarations received from shareholders
regarding beneficial interest, the above shareholding represents both
legal and beneficial ownerships of shares.
1) Debentures
i) 6% Non Convertible Debentures to be redeemed at the face value of
Rs.10 each at the end of seven years or earlier as decided by the Board
from the date of issue i.e. 14.08.2009.
ii) 6% Non Convertible Debentures are Secured by Hypothecation and Pari
Passu charge on Company's moveable and fixed assets at its
Dalmiapuram Unit.
2) Terms Loans
i) Loans of Rs.680.50 lacs (Previous Year Rs.897.50 lacs) as shown in
long term borrowings and current maturities of long term debts in
Note-10 are secured by equitable mortgage of Factory Land and Building
at Dalmiapuram, Khambalia and Katni Units of the Company. In addition
to that secured by first charge over moveable fixed assets and
hypothecation of Stocks and other current assets as collateral
extension.
Cash credit from banks is secured by hypothecation of stocks of raw
materials, semi-finished goods, finished goods, stores, spares, book
debts and moveable fixed assets at the company's Dalmiapuram,
Khambalia and Katni Units.
The Cash Credit is repayable on demand and carries interest at
BPLR-3.75% and varies from 12.5% to 13.5%.
* Disclosure of sundry creditors under current liabilities is based on
the information available with the Company regarding the status of the
suppliers as defined under the Micro, Small and Medium Enterprises
Development Act, 2006. Since there are no. such parties identified based
on the information so far available, the disclosure regarding overdue
amounts and interest payable thereon are not given.
@ Goods traded are of different specifications, sizes, weights and are
in large numbers. Due to voluminous data, it is not possible to give
quantitative details of goods traded.
(*) Including Capacity of leased plants 17800 MT (previous year 17800
MT)
(**) Includes production of 50667 MT (previous year 49414 MT) on job
work basis.
(***) Includes 6486 MT (previous year 8186 MT) towards calcinations of
clay etc.
(****) Excludes income from lining contract and designing work
Rs.295.22 lacs (previous year Rs.114.72 lacs).
(*****) Includes 46 MT (previous year NIL) processed further.
(******)Corresponding figures have been included under the relevant
expenditure head and this treatment has no impact on Profit/Loss for
the year.
(Figures in brackets pertain to previous year)
(Rs. In lacs)
Particulars As at As at
31st March,
2012 31st March,
2011
NOTE -1.1 CONTINGENT LIABILITIES AND
COMMITMENTS:
(A) Contingent Liability exists in
respect of
i) Income Tax for which the Company
has preferred appeals - 12.90
ii) Income Tax for which the Income Tax 0.52 0.52
Department has preferred appeals
against the decisions
In favour of the Company
iii) Other monies for which the
Company is contingently 334.67 235.13
liable including bank guarantees.
(B) Claims against the Company not
acknowledge as debt and being contested
before the appropriate authorities.
i) Excise matters 57.34 48.99
ii) Sales tax matters 61.60 35.07
iii) Other matters 75.52 326.06
NOTE-1.2
Excise duty is net of reimbursement on job work production Rs.690.38
lacs (previous year Rs.662.99 lacs). The sale of services includes
processing charges for job work Rs.2280.58 lacs (previous year 1963.86
lacs)
NOTE-1.3
In the opinion of the Board and to the best of their knowledge and
belief, the value on realization of Current Assets, Loans and Advances,
will, in the ordinary course of business, not be less than the amount
at which they are stated in the Balance Sheet.
NOTE-1.4
Company has carried out production of refractories at its Dalmiapuram
Unit on job work basis.
NOTE-1.5
Previous year figures have been regrouped and/or rearranged wherever
necessary to correspond with current year's classification.
NOTE-1.6
All amounts including those in contingent liabilities and notes have
been expressed in Rupees Lacs rounded off to the nearest thousands.
Figures less than Rupees five hundred which are required to be shown
separately have been shown at actuals in double bracket. Figures in
Metric Tonnes have been rounded off to the nearest Metric Tonne.
NOTE-1.7
As per Accounting Standard (AS)-15 "Employee Benefits", the
disclosure of employee benefits as defined in the Accounting Standard
is given below. .
(a) Defined Contribution Plans:-
The Company has recognised an expense of Rs.74.06 lacs (previous year
Rs.68.06 lacs) towards the defined contribution plan.
NOTE-1.8
Related Party Disclosures, as required by Accounting Standard -18 is as
below:
A. Relationships:
(i) Subsidiary of the Company Shri Chamundeswari Minerals Limited
(ii) Key Management Personnel of the Company:- Shri Deepak Thombre -
Managing Director.
(iii) Promoters of the Company/Relatives of the Promoters:-
Shri J.H. Dalmia, Shri Y.H. Dalmia, J.H. Dalmia (HUF), Y.H. Dalmia
(HUF), Shri Gautam Dalmia, Shri Puneet Yadu Dalmia,'Gautam Dalmia
(HUF), Puneet Yadu Dalmia (HUF), Smt. Kavita Dalmia, Smt. Bela Dalmia,
Smt. Anupama Dalmia, Smt. Avantika Dalmia, Kumari Shrutipriya Dalmia,
Kumar Sukeshi Dalmia, Kumari Vaidehi Dalmia, Kumari Sumana Dalmia,
Kumari Avanee Dalmia, Mst. Priyang Dalmia, Shri M.H. Dalmia, Smt. Abha
Dalmia, Shri V.H. Dalmia.
(iv) Enterprises controlled by the Promoters of the Company:-
Rama Investment Company Private Limited, Puneet Trading & Investment
Company Private Limited, Kavita Trading & Investment Company Private
Limited, Sita Investment Company Limited, Mayuka Investment Limited,
Ankita Pratisthan Limited, Himgiri Commercial Limited, Valley Agro
Industries Limited, Shree Nirman Limited, Keshav Power Limited, Avanee
and Ashni Securities Private Limited, OCL India Limited, ZipAhead.Com
Limited, Alirox Abrasives Limited, Dalmia Bharat Enterprises Limited,
Kanika Investment Limited, Ishita Properties Limited, Dalmia Cement
(Bharat) Limited, (Formerly Avnija Properties Limited), D.l. Properties
Limited, Geetee Estates Limited, Hemshila Properties Limited, Shri
Rangam Properties Limited, Arjuna Brokeers & Minerals Limited, Dalmia
Minerals & Properties Limited, Shri Radha Krishna Brokers & Holdings
Limited, Dalmia Power Limited, DCB Power Ventures Limited, Sri
Shanmugha Mines & Minerals Limited, Sri Subramanya Mines & Minerals
Limited,
Sri Swaminatha Mines & Minerals Limited, Sri Madhusudhana Mines and
Properties Limited,
Sri Trivikrama Mines & Properties Limited, Sri Dhandauthapani Mines &
Minerals Limited, - Dalmia Cement Ventures Limited, Cosmos Cements
Limited, Sutnga Mines Private Limited, Rajputana Properties Private
Limited, Golden Hills Resorts Private Limited, Dalmia Bharat Sugar and
Industries Limited (Formerly Dalmia Cement (Bharat) Limited),
Himshikhar Investment Limited, Dalmia Solar Power Limited, Dalmia Sugar
Ventures Limited, New Habitat Housing Finance and Development Ltd.,
Sukeshi Trust, Vaidehi Trust, Sumana Trust, Shrutipriya Dalmia Trust,
Priyang Trust and Avanee Trust.
Mar 31, 2011
1. (A) Contingent Liability exists in respect of
i) Income Tax for which the Company has preferred appeals 12.90 10.53
ii) Income Tax for which the Income Tax Department has preferred
Appeals against the decisions in favour of the Company 0.52 0.52
iii) Other monies for which the company is contingently liable
including Bank guarantees 235.13 27.98
(B) Claims against the company not acknowledge as debt and being
contested before the appropriate authorities. i) Excise matters 48.99
ii) Sales tax matters 35.07 76.82
iii) Other matters 326.06 63.59
2. Estimated amount of contracts remaining to be executed on capital
10.39 231.05 account and not provided for (Net of advance of Rs.37.16
lacs -
3. Advances Recoverable in cash or in kind under the head "Loans &
Advances" include an amount of Rs.1116.62 Lacs (Previous Year
Rs.1,206.69 Lacs) being advance payment of Income-tax, net of provision
of Rs.1,075.00 Lacs (Previous Year Rs. 1195.00 Lacs).
4. Disclosure of sundry creditors under current liabilities is based
on the information available with the Company regarding the status of
the suppliers as defined under the Micro, Small and Medium Enterprises
Development Act, 2006. Since there are no such parties identified based
on the information so far available, the disclosure regarding overdue
amounts and interest payable thereon are not given.
5. In the opinion of the Board and to the best of their knowledge and
belief, the value on realization of Current Assets, Loans and Advances,
will, in the ordinary course of business, not be less than the amount
at which they are stated in the Balance Sheet.
6. During the year the Board of Directors have exercised the call
option in respect of detachable warrants as attached with 6% NCDs as
per the terms of issue and called upon all the existing warrant holders
to submit their applications for conversion of the warrants held by
them into equity shares of the company. Warrant holders holding
23,52,084 warrants exercised the options and consequently the company
allotted 23,52,084 equity shares of Rs.10/- each fully paid up. The
funds have been utilized for long term working capital and general
corporate purposes as defined in the Letter of Offer.
7. Company has carried out production of refractories at its
Dalmiapuram Unit on job work basis.
8. Previous year figures have been regrouped and/or rearranged.
wherever necessary to correspond with current year's classification.
9. All amounts including those in contingent liabilities and notes
have been expressed in Rupees Lacs rounded off to the nearest
thousands. Figures less than Rupees five hundred which are required to
be shown separately have been shown at actuals in double bracket.
Figures in Metric Tonnes have been rounded off to the nearest Metric
Tonne.
10. As per Accounting Standard (AS) -15 "Employee Benef its", the
disclosure of employee benefits as defined in the Accounting standard
is given below:
(a) Defined Contribution Plans:-
The Company has recognised an expense of Rs.68.06 lacs (previous year
Rs.66.97 lacs) towards the defined contribution plan.
23. Related Party Disclosures, as required by Accounting Standard -18
is as below: A. Relationships:
(i) Subsidiary of the Company: - Shri Chamundeswari Minerals Limited
(ii) Key Management Personnel of the Company:-
Shri Deepak Thombre - Managing Director, Shri C. Nagaratnam -
Whole-Time Director (up to 30.09.2010).
(iii) Promoters of the Company/Relatives of the Promoters:-
Shri J. H. Dalmia, Shri Y. H. Dalmia, J. H. Dalmia (HUF), Y. H. Dalmia
(HUF), Shri Gautam Dalmia, Shri Puneet Yadu Dalmia, Gautam Dalmia
(HUF), Puneet Yadu Dalmia (HUF), Smt. Kavita Dalmia, Smt. Bela Dalmia,
Smt. Anupama Dalmia, Smt. Avantika Dalmia, Kumari Shrutipriya Dalmia,
Kumari Sukeshi Dalmia, Kumari Vaidehi Dalmia, Kumari Sumana Dalmia,
Kumari Avanee Dalmia, Mst. Priyang Dalmia, .Shri M.H. Dalmia, Smt. Abha
Dalmia,.
(iv) Enterprises controlled by the Promoters of the Company :-
Rama Investment Company Private Limited, Puneet Trading & Investment
Company Private Limited, Kavita Trading & Investment Company Private
Limited, Sita Investment Company Limited, Mayuka Investment Limited,
Ankita Pratisthan Limited, Himgiri Commercial Limited, Valley Agro
Industries Limited, Shree Nirman Limited, Keshav Power Limited, Avanee
and Ashni Securities Private Limited, OCL India Limited, ZipAhead.Com
Limited, Alirox Abrasives Limited, Dalmia Bharat Enterprises Limited,
Kanika Investment Limited, Ishita Properties Limited, Dalmia Cement
(Bharat) Limited (Formerly Avnija Properties Limited), D.I. Properties
Limited, Geetee Estates Limited, Hemshila Properties Limited, Shri
Rangam Properties Limited, Arjuna Brokers & Minerals Limited, Dalmia
Minerals & Properties Limited, Shri Radha Krishna Brokers & Holdings
Limited, Dalmia Power Limited, DCB Power Ventures Limited, Sri
Shanmugha Mines & Minerals Limited, Sri Subramanya Mines & Minerals
Limited, Sri Swaminatha Mines & Minerals Limited, Sri Madhusudhana
Mines and Properties Limited, Sri Trivikrama Mines & Properties
Limited, Sri Dhandauthapani Mines & Minerals Limited, Dalmia Cement
Ventures Limited, Cosmos Cements Limited, Sutnga Mines Private Limited,
Rajputana Properties Private Limited, Golden Hills Resorts Private
Limited, Dalmia Bharat Sugar and Industries Limited (Formerly Dalmia
Cement (Bharat) Limited), Himshikhar Investment Limited, Dalmia Solar
Power Limited, Dalmia Sugar Ventures Limited, New Habitat Housing
Finance and Development Ltd., Sukeshi Trust, Vaidehi Trust, Sumana
Trust, Shrutipriya Dalmia Trust, Priyang Trust and Avanee Trust.