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Notes to Accounts of Anand Projects Ltd.

Mar 31, 2014

1. Share Capital

(i) B.82,385 Equity Shares of Rs.10 each were allotted during the year ended March 31, 2012 as fully paid bonus shares by capitalization of capital redemption reserve and general reserves of the Company.

2. Trade Payables

* The Company has initiated the process of identifying (MSMEs) as per Micro, Small and Medium Enterprises Development Act, 2006. Based on the information available, the Company is of the opinion that there are no entities that can be defined as MSMEs.

3. Contingent Liabilities and Commitments

(in Rs.) As at 31st As at 31st March, 2014 March, 2013



(I) Contingent liabilities

(a) Company has given performance 7,870,000 7,870,000 corporate guarantee in favour of M/s. Lalitpur Power Generation Company Ltd for performance of the contract awarded.

(b) Bank Gurrentee given to Sales Tax 500,000 500,000 Depatment

(II) Commitments

Estimated value of Contracts remaining Nil Nil to be executed on capital account and not provided for (net of advances).

4. Disclosure pursuant to Accounting Standard (AS) 15 (Revised) "Employee Benefits" Defined Contribution Plan

There is no Contribution plan in the company

Defined Benefit Pian

The present value of the defined benefit obligation and the related current service cost were measured using the Projected Unit Credit method with actuarial valuations being carried out at each balance sheet date which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation for Leave Encashment is recognised in the same manner as Gratuity,

5. Disclosure as required by Accounting Standard 19. "Leases", notified under Sub-Section (3C) of Section 211 of The Companies Act, 1956, are given below:

(i) The Company has taken carious Office premises under operating leases or leave & license agreements. These are not non-cancellable & range between 11 months & 3 years under leave & license, or longer for other lease & are renewable by mutual consent on mutually agreeable terms. The Company has given refundable interest free security deposits.

(ii) Lease payments are recognised in the Statement of Profit & Loss unde ''Office Rent'' under Note 17.

6. Segment Reporting

The Company is operating into only one business segment i.e. EPC Contracts and only one geographical segment i.e. India.

7. Previous years'' figures have been regrouped or rearranged wherever necessary.

The above notes are an integral part of the financial statements.


Mar 31, 2013

1. Segment Reporting

The Company is operating into only one business segment i.e. EPC Contracts and only one geographical segment i.e. India.

2. Previous years'' figures have been regrouped or rearranged wherever necessary.


Mar 31, 2012

Notes:

(i) 882,385 (Nil) Shares out of the issued, subscribed and paid up share capital were allotted as Bonus Shares in the last five years by capitalisation of Capital Redemption Reserve and Accumulated Profit.

The Company adopts Cost Plus Contract Method to recognise revenue & the same is recognised by Percentage Completion Method as and when that part of the contract is completed.

1 There are no known contingent liabilities during the year.

2 Segmental Reporting: The Company has only one reportable segment which is EPC business. Accordingly, no separate disclosures of segment information have been made.

3 Estimated amount of contract commitments remaining to be executed : NIL NIL

4 CASH FLOW STATEMENTS: Cash flow statement for the year ended 31 st March 2012 is given in the statement annexed to these accounts.

Transactions during the year with relegated parties

No Transactions during the Year with any of the related party mentioned above.

5 The previous year figures have been regrouped/reclassified, wherever necessary to confirm to the current year presentation.


Mar 31, 2010

1 There are no known contingent liabilities during the year.

2 Previous years figures have been rearranged/regrouped where considered necessary to confirm to current years presentation.

3 Segmental Reporting: The Company has only one reportable segment which is Supply of Electricity. Accordingly, no separate disclosures of segment information have been made.

4 The Company had initiated the process of identifying (MSMEs) as per Micro, Small and Medium Enterprises Development Act, 2006. Based on the information available, the Company is of the opinion that there are no entities that can be defined as MSMEs.

5 Information required by paragraph 3 and 4 of part II of Schedule VI of the Companies Act:

6 Disclosures in receipt of derivative instruments:

i) Derivative instrument outstanding as at 31st March, 2010 is NIL

ii) Foreign Currency exposures that are not hedged by derivative instrument as at 31 st March 2010 - NIL

7 CASH FLOW STATEMENTS: Cash flow statement for the year ended 31 st March 2010 is given in the statement annexed to these accounts.

8 The disclosures in respect of Related Parties as required under Accounting Standard 18 (AS 18) Related Party Disclosures is stated herein below/ set out in a separate statement annexed hereto.

9 Contingencies and event occuring after Balance Sheet date : NIL

10 Prior Period expenditures/Incomes : NIL

11 Impairement of Assets: NIL

12 The Unclaimed Dividend of Rs. 2,64,387/- payable for the Financial Year 2001-02 has been transferred to Investor Education and Protection Fund during the year.

13 The Bank Balance with Union Bank of India is subject to confirmation

14 The amount of Rs.3,62,179/- shown in the profit & loss account is pertaining to short provision of Taxation for Financial Year 2006-07.

 
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