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Notes to Accounts of Bhanderi Infracon Ltd.

Mar 31, 2016

1. The Companyâs operations predominantly relate to real estate development and incidental services. The Company had acquired certain immovable property from M/s. Indian Electro Chemical Ltd. & others on which the Company executed Industrial park and plotting scheme.

2. In the opinion of the Board, any of the assets other than fixed assets and non-current investments are approximately of the value stated, if realized in the ordinary course of business. Further provisions have been made for all known & accrued liabilities.

3. The current liabilities include the dues of sundry creditors amounting to Rs. Nil (Previous Period Rs. Nil) relating to Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. The parties of Micro, Small and Medium Enterprises to whom, the Company owe any sum (principal) outstanding for more than forty-five days, are Nil. Further interest payable on the said outstanding is Nil.

6. Details of Investment in Partnership Firms:

- The Company has investment in the partnership firm âM/s. Tulsi Enterprisesâ. The Companyâs profit/loss sharing ratio as on 31^stMarch, 2016 is 5%. The partners of the firm are-

7. Sunilbhai Patel

8. Dhirubha Mohanbhai Patel

9. Bhanderi Corporation Limited

10. Bhanderi Procon Limited

11. Bhanderi Infracon Limited

- The Company has investment in the partnership firm "M/s. Dharnidhar Developersâ. The Companyâs profit/loss sharing ratio as on 31stMarch, 2016 is 7.5%. The partners of the firm are-

12. Sunilbhai Patel

13. Ashok Kumar Chelaram Rangwani HUF

14. Ashok Kumar Chelaram Rangwani

15. Gaurangbhai Ashokbhai Rangwani

16. Bhanderi Corporation Limited

17. Bhanderi Procon Limited

7. Bhanderi Infracon Limited

18. Dhirubhai Mohanbhai Patel

The Capital balance of the partners as on 31^st March, 2016 is as under:-

19. The Company made an Initial Public offering (IPO) in 2014 through which it raised Rs. 659.52*. The utilization of Initial Public Offer ( IPO ) are given below:

* Includes Rs. 11.52 Lacs being amount received in respect of 9,600/- additional shares issued for the purpose of rounding off while finalizing the basis of allotment.

20. Balance of current assets and current liabilities are subject to confirmation and reconciliation if any.

21. Previous yearâs figures are regrouped and re-arranged wherever considered necessary.

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