rico jinfei wheels limited report fy 12... · 2013. 10. 17. · shri naresh kumar sethi auditors...
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RICO JINFEI WHEELS LIMITED
6TH
ANNUAL REPORT 2012-2013
RICO JINFEI WHEELS LIMITED
BOARD OF DIRECTORS
Shri Arvind Kapur - Chairman
Shri Rakesh Kapur - Managing Director
Shri Om Prakash Aggarwal
Shri Naresh Kumar Sethi
Shri Bingzao Ge
Shri Gopal Singh Bisht
COMPANY SECRETARY
Shri Kuldeep Singh Rawat
AUDITORS
Walker, Chandiok & Co
Chartered Accountants
Firm Registration No. 001076N
New Delhi, India
BANKERS
Axis Bank Ltd.
REGISTERED OFFICE
38 KM Stone, Delhi-Jaipur Highway
Gurgaon-122001
Haryana
MANESAR PLANT
BAWAL PLANT
Plot No. 397, Sector-8
IMT Manesar,
Gurgaon-122050
Haryana
Plot No. 22, HSIDC Phase-II,
Sector-5, GC – Bawal,
Rewari – 123501,
Haryana
RASA AUTOCOM LIMITED
6TH
ANNUAL REPORT 2012 – 13
RASA AUTOCOM LIMITED
BOARD OF DIRECTORS
Shri Rakesh Kapur - Chairman
Shri Arun Kapur
Shri Om Prakash Aggarwal
Shri Vivek Kishan Hazari
Shri Gopal Singh Bisht
AUDITORS
Walker, Chandiok & Co
Chartered Accountants
Firm Registration No. 001076N
New Delhi, India
BANKERS
Yes Bank Ltd.
REGISTERED OFFICE
38 KM Stone, Delhi-Jaipur Highway
Gurgaon - 122 001
Haryana (India)
BAWAL PLANT
Plot No. 21, Sector-5
HSIIDC Phase-II,
G.C. Bawal - 123 504
Haryana (India)
COTENTS
Notice 1
Directors’ Report 2
Auditors’ Report 4
Balance Sheet 10
Profit & Loss Account 11
Schedules to Accounts 12
Cash Flow Statement 17
UTTARAKHAND AUTOMOTIVES LIMITED
6TH ANNUAL REPORT 2012 – 13
UTTARAKHAND AUTOMOTIVES LIMITED
BOARD OF DIRECTORS
Shri Rakesh Kapur - Chairman
Shri Arun Kapur
Shri Om Prakash Aggarwal
AUDITORS
Budhraja Adlakha & Co.
Chartered Accountants
(Firm Registration No.005154N)
New Delhi, India
REGISTERED OFFICE
38 KM Stone, Delhi-Jaipur Highway
Gurgaon - 122 001
Haryana (India)
CONTENTS
Notice 1
Directors’ Report 2
Auditors’ Report 9
Balance Sheet 15
Profit & Loss Account 16
Schedules to Accounts 17
Cash Flow Statement 22
RAA AUTOCOM LIMITED
5TH ANNUAL REPORT 2012 – 13
RAA AUTOCOM LIMITED
BOARD OF DIRECTORS
Shri Rakesh Kapur - Chairman
Shri Arun Kapur
Shri Naresh Kumar Sethi
AUDITORS
Budhraja Adlakha & Co.
Chartered Accountants
(Firm Registration No.005154N)
New Delhi, India
REGISTERED OFFICE
38 KM Stone, Delhi-Jaipur Highway
Gurgaon - 122 001
Haryana (India)
CONTENTS
Notice 1
Directors’ Report 2
Auditors’ Report 9
Balance Sheet 15
Profit & Loss Account 16
Schedules to Accounts 17
Cash Flow Statement 22
AAN AAN AAN AAN ENGINEERINENGINEERINENGINEERINENGINEERING INDUSTRIES G INDUSTRIES G INDUSTRIES G INDUSTRIES LIMITEDLIMITEDLIMITEDLIMITED
3RD ANNUAL REPORT 2012 – 13
AAN ENGINEERING INDUSTRIES LIMITED
BOARD OF DIRECTORS
Shri Rakesh Kapur - Chairman
Smt. Shalini Kapur
Smt. Shivani Kapur
Shri Om Prakash Aggarwal
Shri Naresh Kumar Sethi
Shri Rajinder Singh Kundi
AUDITORS
Budhraja Adlakha & Co.
Chartered Accountants
(Firm Registration No.005154N)
New Delhi, India
REGISTERED OFFICE
38 KM Stone, Delhi-Jaipur Highway
Gurgaon - 122 001
Haryana (India)
CONTENTS
Notice 1
Directors’ Report 2
Auditors’ Report 9
Balance Sheet 15
Profit & Loss Account 16
Schedules to Accounts 17
Cash Flow Statement 22
Rico Auto Industries Inc.,USA
Balance Sheet As At
@ 53.83 @ 50.63
Particulars Schedule No.
As at Mar 31,
2013 - US$
As at Mar 31,
2013 - INR
As at Mar 31,
2012 - US$
As at Mar 31,
2012 - INR
Provisional Provisional Audited Audited
SOURCES OF FUNDS
SHAREHOLDER'S FUNDS
Share Capital 1 25000 1345750 25000 1265750
Exchange Equilisation Reserve -41927
Reserves & Surplus 2 2407451 129634984 2259350 114390861
Loan Funds 3 0 0 0 0
TOTAL 2432451 130938808 2284350 115656611
APPLICATION OF FUNDS
FIXED ASSETS
Gross Block 4 2449 131827 2449 123990
Less : Depreciation 1774 95494 1549 78426
Net Block 675 36333 900 45564
INVESTMENTS 5 0 0 0 0
CURRENT ASSETS, LOANS & ADVANCES
Inventories 6 3846193 207040568 4482117 226929565
Sundry Debtors 7 2128452 114574551 3169246 160458942
Cash & Bank Balances 8 169681 9133908 149178 7552863
Loans & Advances 9 89078 4795069 193310 9787270
6233404 335544095 7993851 404728641
Less : Current Liabilities & Provisions 10 3801628 204641620 5710401 289117595
Net Current Assets 2431776 130902475 2283450 115611046
Deffered Tax Assets 0 0 0 0
MISCELLANEOUS EXPENDITURE 11 0 0 0 0
(to the extent not written off or adjusted)
TOTAL 2432451 130938808 2284350 115656611
Rico Auto Industries Inc., USA
Profit and Loss account
@ 53.83 @ 50.63
Particulars
Schedule
No.
Period Ended
March 31, 2013 -
US$
Period Ended
March 31, 2013 -
INR
Period Ended
Mar 31, 2012 -
US$
Period Ended
Mar 31, 2012 -
INR
Provisional Provisional Audited Audited
INCOME
Sales - Components 12 14045369 758426495 19707430 997787191
Sales - Scrap
Sales - Tooling 564330 30472879 105665 5349816
14609699 788899374 19813095 1003137007
EXPENDITURE
Manufacturing & Other Expenses 13 14355071 775149922 19445013 984501032
Financial Charges 14 5334 288041 6775 343037
Miscellaneous Expenditure written off 0 0 0 0
14360405 775437963 19451789 984844069
Profit before Depreciation 249293 13461412 361307 18292938
Depreciation 225 12150 300 15189
Profit After Depreciation 249068 13449262 361007 18277749
1.70% 1.70% 1.82% 1.82%
Provision for Income Tax 100967 5435074 147030 7444129
Reversal of Deffered Tax Assets 0 0 0 0
Profit After Tax 148101 8014188 213977 10833620
Less : Previous Year Income tax paid 0 0 0 0
Amount Available for Appropriations 148101 8014188 213977 10833620
% 1.01% 1.02% 1.08% 1.08%
APPROPRIATIONS
Balance carried over to Balance Sheet 148101 8014188 213977 10833620
148101 8014188 213977 10833620
Rico Auto Industries Inc., USA
Schedules to Balance Sheet
@ 53.83 @ 50.63
Particulars Grps#
As at Mar 31,
2013 - US$
As at Mar 31,
2013 - INR
As at Mar 31,
2012 - US$
As at Mar 31,
2012 - INR
Provisional Provisional Audited Audited
Schedule 1 - Share Capital
AUTHORISED 2500 Equity Shares US$ 10 Par 25000 1182250 25000 1182250
ISSUED , SUBSCRIBED AND PAID-UP
2500 Equity Shares US$ 10 Par 25000 1216850 25000 1265750
'(Previous Period 2500 Equity Shares US$ 10 Par)
Exchange Fluctuation 128900
25000 1345750 25000 1265750
Schedule 2 - Reserves & Schedules
SURPLUS
As per Last Balance Sheet 2259350 113401075 2045373 90835004
Exchange Fluctuation ( @50.63 - @53.83 ) 8219721 12722237
Add : Transferred from Profit & Loss Account 148101 8014188 213977 10833620
2407451 129634984 2259350 114390861
Schedule 3- Loan Funds 0 0.00 0 0
0 0 0 0
Schedule 4- Fixed Assets 2449 131827 2449 123990
2449 131827 2449 123990
Schedule 5- Investments 0 0 0 0
0 0 0 0
Schedule 6- Inventories
(As valued and certified by the Management)
Goods in Transit 1830091 98513793 2666973 135028850
Finished Goods 2016102 108526776 1815144 91900715
Packing Materials 0 0 0 0
3846193 207040568 4482117 226929565
Schedule 7 - Sundry Debtors
(Unsecured considered good)
Debts outstanding for a period exceeding six months 170836 9196090 0
Other Debts d 1957616 105378461 3169246 160458942
Less : Provision for Uncollectibles 0 0 0 0
2128452 114574551 3169246 160458942
Schedule 8 - Cash and bank Balances
Balances with scheduled banks
In current accounts 169681 9133908 149178 7552863
169681 9133908 149178 7552863
Schedule 9 - Loans and Advances
(Unsecured considered good) Advances recoverable in cash or in kind or for value
to be received e 2504 134790.32 2886.7 146153.62
Income Tax Recoverable FY2011-12 j 43799 2357700
Advance Tax FY2012-13 42775 2302578 190423 9641116
89078 4795069 193310 9787270
Schedule 10 - Current Liabilities and Provisions
Sundry Creditors - Trade c 3684160 198318352 5551371 281065906
Expenses Payable a 16500 888195 12000 607560
Income Tax Provision- for the year till date 100967 5435074 147030 7444129
3801628 204641620 5710401 289117595
Schedule 11 - Miscellaneous Expenditure 0 0 0 0
(to the extent not written off or adjusted)
0 0 0 0
Rico Auto Industries Inc.,USA
Schedules to Profit & Loss Account
@ 53.83 @ 50.63
Particulars
%age of
FY'12
Grps# Period Ended
March 31, 2013 -
US$
Period Ended
March 31, 2013
- INR
Period Ended
Mar 31, 2012 -
US$
Period Ended
Mar 31, 2012 -
INRProvisional Provisional Audited Audited
Schedule 12 - Sales & other Income
Sales - Components 71.27% 14045369 758426495 19707430 997787191
Sales - Tooling 1101.99% 564330 30472879 51210 2592762
Sales - Scrap 0.00% 0 0 54455 2757054
i 14609699 788899374 100 19813095 1003137007 100
Schedule 13 - Manufacturing & Other Expenses
Purchases of Raw Materials 13472204 727442738 17908326 906698524
Add : Opening Finished Goods 1815144 97709175 2594675 131368406
Less : Closing Finished Goods 2016102 108526776 1815144 91900715
Net Raw Materials consumed 71.02% 13271245 716625137 94.49 18687857 946166215 94.57 0.08
Components (USA) 0 0 0.00 0 0 0.00
Purchase Tooling ( Rico India ) 826.49% 423248 22854660 75.00 51210 2592762 100.00 100.00
Inventory Handling Expenses 0 0 0.00 0 0 0.00
Job Work Charges 0.00% 0 0 0.00 9954 503995 0.05 0.05
Consumables 257.87% 10732 579500 0.08 4162 210706 0.02 -0.06
Packing Materials 0.00% 0 0 0.00 669 33886 0.00 0.00
Clearing & Forwarding 0 0 0.00 0 0 0.00 0.00
Warehousing Expenses 88.32% b 289340 15623903 2.06 327621 16587461 1.66 -0.40
Freight Charges 0 0 0.00 0 0 0.00 0.00
Inspection & Rework Expenses 0 0 0.00 0 0 0.00 0.00
Testing Expenses 0 0.00 0.00 0 0 0.00 0.00
Salaries (Tom & Rebacca) 111.55% h 186413 10066015 1.33 167115 8461048 0.85 -0.48
Audit Fees 104.55% 11500 620981 0.08 11000 556930 0.06 -0.03
Legal & Professional 94.77% g 106051 5726573 0.76 111899 5665468 0.57 -0.19
Fees & Taxes 16.67% 25 1350 0.00 150 7595 0.00 0.00
Rent 100.00% 12000 647980 0.09 12000 607560 0.06 -0.02
Travelling Expenses 20.44% 3288 177566 0.02 16086 814458 0.08 0.06
Income Tax paid for FY2010-11 -11.29% -406 -21923 0.00 3595 182015 0.02 0.02
Insurance (Warehouse & Worker Policy) 102.36% f 3877 209335 0.03 3787 191751 0.02 -0.01
Printing & Stationary 803 43349 0.01 0 0 0.00 -0.01
Bond service & premium 100.00% 550 29699 0.00 550 27847 0.00 0.00
Telephone Expenses 69.62% 6006 324329 0.04 8627 436783 0.04 0.00
Postage & Courier 68.47% 2411 130175 0.02 3521 178265 0.02 0.00
Sales Promotion 211.37% 15960 861825 0.11 7551 382297 0.04 -0.08
Freight Charges 0.00% 0 0 0.00 4009 202986 0.02 0.02
Administration Expenses 100.00% 12000 647980 0.09 12000 607560 0.06 -0.02
General Expenses + Short & Excess 1.67% 28 1490 0.00 1648 83446 0.01 0.01
Claim Written off 0 0 0.00 0 0 0.00 0.00
14355071 775149922 19445013 984501032
Schedule 14 - Financial Charges
Bank Interest - JPMorgan 91.54% 2297 124056 0.02 2510 127061 0.01 0.00
Bank Charges 71.19% 3037 163985 0.02 4266 215976 0.02 0.00
5334 288041 4.74 6775 343037 3.61 -1.13