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Company Information

Home » Market » Company Information

Rama Phosphates Ltd.

May 24
81.30 +0.35 (+ 0.43 %)
 
VOLUME : 305
Prev. Close 80.95
Open Price 86.00
TODAY'S LOW / HIGH
81.20
 
 
 
86.00
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
71.10
 
 
 
138.00
Rama Phosphates Ltd. is not traded in NSE
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Market Cap. ( ₹ ) 143.85 Cr. P/BV 1.12 Book Value ( ₹ ) 72.42
52 Week High/Low ( ₹ ) 138/71 FV/ML 10/1 P/E(X) 17.45
Bookclosure 28/09/2017 EPS ( ₹ ) 4.66 Div Yield (%) 1.23
NOTES TO ACCOUNTS
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2016-03 

Notes to the Financial Statements for the year ended March 31, 2016

(ii) Vehicle loans of Rs, NIL (Previous year Rs, 4.56 Lacs) including current maturity from Bank are secured by way of Hypothecation of vehicles. Interest on the loans are payable @ 10.50% p.a. (Previous year 10.50% p.a.) as at year end. Loans are repayable in 36 monthly installments starting from February-2013.

(iii) Vehicle loan of Rs, 28.97 Lacs (Previous year Rs, 36.18 Lacs) including current maturity from Bank are secured by way of Hypothecation of vehicles. Interest on the loans are payable @ 11.32% p.a. (Previous year 11.32% p.a.) as at year end. Loans are repayable in 60 monthly installments starting from June-2015.

(iv) Term Loans of Rs, 30.04 Lacs (Previous year Rs, 32.41 Lacs) from others are secured by way of first pari-passu charge along with working capital and term loan from banks over movable and immovable properties situated at Pune. Said term loans are further secured by way of first pari-passu charge over immovable property situated at Indore Oil Division. The Interest on the loan is payable @ 9% p.a. (Previous year 9% p.a.) as at year end. The Loan is repayable in 36 quarterly installments starting from April-2009.

d Terms and Conditions of Borrowings

Working Capital facilities from Banks are secured against hypothecation of raw material, stock in process, finished goods, stores and spares, Books debts, Subsidy and first pari-passu charge along with Bank term lender over movable and immovable properties of fertiliser division situated at Indore, Udaipur and first pari-passu charges with other term lenders over movable and immovable properties situated at Pune. This is further secured by second charge alongwith term loan from bank, on pari-passu basis over movable and immovable properties of Oil division situated at Indore.

The above working capital facilities are further secured along with bank term lender by first pari-passu on Fixed Deposit Receipts of Rs, 112.71 Lacs (Previous year Rs, 105.29 Lacs) along with equitable mortgage of the property situated at Mumbai owned by another Company and guaranteed by personal guarantee of Promoter and Corporate guarantee by another Company. The working capital facility carries interest @ 14.95% p.a. on Rs, 3,235.31 Lacs (Previous year Interest @ 13.35% p.a. on Rs, 3,279.51 Lacs) @ 14.30% p.a. on Rs, 891.12 Lacs (Previous year Interest @ 14.50% p.a. on Rs, 887.70 Lacs), and @12.95% p.a. on Rs, 735.02 Lacs (Previous year Interest @ 13.50% p.a. on Rs, 1,008.97 Lacs).

Inter Corporate Deposits are bearing interest @ 18% p.a. on Rs, 70 Lacs, @ 12% p.a. on Rs, 300 Lacs and @ 9% p.a. on Rs, 12 Lacs.

1. Disclosure as required by Accounting Standard AS-18 on Related Parties. a Names of Related Parties and Related Party Relationship

i Enterprise that directly or indirectly through one or more intermediaries, control, or are controlled by, or under common control with the reporting enterprise.

NRI Investors Inc.

ii Associates and Joint ventures of the reporting enterprise and the investing party or venturer in respect of which the reporting enterprise is an associate or joint venture.

Nil

iii Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise, and relatives of any such individual.

Nil

iv Key Managerial Person (KMP) and their Relatives with whom transactions have taken place during the year.

Mr. D.J. Ramsinghani - Chairman and Managing Director

Mr. H. D. Ramsinghani - Director

Mr. J. K. Parakh - Chief Financial Officer

Mr. Kiran P. Jain - Company Secretary

Mrs. N. H. Ramsinghani - Director

v Enterprises over which any person described in iii & iv above is able to exercise significant influence, and with whom transactions have taken place during the year.

Rama Industries Limited

Rama Capital & Fiscal Service Private Limited

Rama Petrochemicals Limited

Rainbow Agri Industries Limited

Nova Gelicon Private Limited

* Includes loan of Rs, 305.27 Lacs (Previous year Rs, 305.27 Lacs) due from a Company against which provision has already been made in earlier years. To comply with the provisional of the Companies Act-2013, during the year Company has provided interest on this loan and since the principle is doubtful of recovery, the interest receivable is written off.

a Identification of Segments

The Company has disclosed Business Segments as its primary segments. Reporting segments have been identified as Fertilizers & Chemicals and Oil, taking into account the nature of product, the different risk and returns, the organizational structure and the internal reporting system. The Company caters mainly to the need of domestic market. The direct export turnover is Nil during the year. As such there are no reportable geographical segments.

Segment revenue, Segment results, Segment Assets and Segment Liabilities include the respective amounts identifiable to each of the segments as also amounts allocated on a reasonable basis to the respective segments.

(Previous year figures are in italics)

2. The disclosure required under Accounting Standard 15 “Employee Benefits” issued by Institute of Chartered Accountants of India

Refer note no. 6 & 10 a Details of Defined Benefit Plan

The following table sets out the funded status of the defined benefit schemes and the amount recognised in the financial statements.

b Defined Contribution Plans

The Company makes Provident Fund contributions to defined contribution plans for qualifying employees. Under the Scheme, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognized Rs, 78.35 Lacs (Previous Year Rs, 74.98 Lacs) in the Statement of Profit and Loss for the year ended 31st March, 2016 under Defined Contribution Plans. The Contributions payable to these plans by the Company are at rates specified in the rules of the schemes.

3 Expenditure related to Corporate Social Responsibility as per Section 135 of the Companies Act, 2013 read with Schedule VII thereof - Rs, 4.86 lacs (Previous year Rs, Nil)

4. PREVIOUS YEAR FIGURES :

Previous year figures have been regrouped/rearranged, wherever necessary.