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Notes to Accounts of Brand Realty Services Ltd.

Mar 31, 2015

1. CORPORATE INFORMATION

Brand Realty Services Limited is a public company domiciled in India and incorporated under the provisions of The Indian Companies Act,1956. Its shares are listed on Bombay Stock Exchanges. Brand Realty Services Limited is primarily engaged in the business of Real Estate and it has started a new business acitivity as publishing of newspaper in the field of real estate segment.

2. The Company has only one class of equity share having a par value of Rs. 10/- per share. Each shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders except in case of interim dividend. In the Event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company in proportion to their shareholding.

** a)The Term Loan from Religare Finvest Ltd of rupees 95,00,000/- was sanctioned on dated 15-10-2014 and the loan is repayable in 121 equally monthly installment commencing from 01-11-2014 alongwith interest.

3. The Term Loan from BMW India Fin.Serv. Pvt.Ltd of rupees 22,00,000/- was sanctioned against the car on dated 19-02-2014 and the loan is repayable in 60 equally monthly installment commencing from 16-03-2014 alongwith interest.

* Other borrowing costs includes bank charges,commitment charges, loan processing charges, guarantee charges, loan facilitation charges, discounts / premiums on borrowings, other ancillary costs incurred in connection with borrowings or amortisation of such costs, etc.

4. Contingent Liability not provided for:-

a) Bill discounted with the Bank Rs.: - Nil

b) Bank guaranty outstanding as on 31-03-2015 Rs.:- Nil

5. Deferred Tax Liabilities/(Assets)

a) The company is liable to regular tax and the provision of income tax of Rs. 383,515/- has been made out of current profit.

Provision has also been done for the Deferred Tax Liabilities net of Deferred Tax Assets amounting to a sum of Rs.278,699.00 out of current year profit.

b) The Composition of timming difference of Deferred Tax Liabilties is as under :

* On account of losses and Others (132,350.00)

* On account of Depreciation & Current Period depreciation 2,528,267.00

Total Deferred Tax Liabilities 2,395,917.00

6. As per Accounting Standard 18 issued by the ICAI the Companies/related parties and transaction with them are disclosed below:

Related Parties

Key Management Personnel Relative to Key Management Personnel

(a) (b)

Sh Kamal Manchanda

Smt Aruna Manchanda

Enterprises over which (a) and (b) have significant influence

(c)

Brand Realty Pvt. Ltd.

Tradewell Portfolios Pvt. Ltd.

Era Resorts Pvt Ltd Realtor Today Pvt Ltd

Sahil Securities Pvt Ltd

Subsidiary Company Ecopulse Infra Ltd

7. a) The balance of some accounts in Long Term Loans & Advances given, Trade Receivable, Long Term Liabilities, Long Term Borrowings, Short Term Borrowings, Trade Payable and Other Current Liabilities are subject to reconciliation/confirmation and have been shown as per values appearing in the books of accounts as good for recovery/payment unless specifically provided for.

b) In the opinion of the Board, the Current Assets and Loans & Advances would be,in the ordinary courses of business realize not less than the value stated in the balance sheet.

c) The TDS receivable and Brokerage income are subject to reconciliation with the 26AS of income tax.

d) Lease Hold Land: The company had purchased a residential plot in NOIDA.The matter is in dispute regarding ownership and allotment. The company is taking suitable legal action for this and the case is pending at Allahabad High Court . The amount had been shown as fixed assets in the Balance Sheet .

8. The company had invested Rs.465,000/- with Sahil and Elite Stock Broking Pvt.Ltd - for share allotment money in the year 19971998 but the shares were not alloted till date and amount shown under the share application money (Pending for allotment). No business was done in the company for last many years.

9. The Company has not received any information from parties, whether they are covered under the MICRO, Small and Medium Enterprises (Development) Act, 2006. Disclosure relating to amount unpaid at the year-end together with interest payable, if any, as required under the said Act are not ascertainable.

10. Previous year,s figures have been regrouped/reclassified, wherever necessary, to correspond with the current year,s classification / disclosure.

11. Significant accounting policies and practices adopted by the Company are disclosed in the statement annexed to these financial statements as Annexure I.


Mar 31, 2014

1. CORPORATE INFORMATION

Brand Realty Services Limited is a public company domiciled in India and incorporated under the provisions of The Indian Companies Act,1956.

Its shares are listed on Bombay Stock Exchanges. Brand Realty Services Limited is primarily engaged in the business of Real Estate.

The Company has only one class of equity share having a par value of Rs. 10/- per share. Each shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders except in case of interim dividend. In the Event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company in proportion to their shareholding.

* a)The Term Loan from HDFC Bank of rupees 15,00,000/- was sanctioned against the car on dated 12-11-2011 and the loan is repayable in 36 equally monthly installment commencing from 20-10-2011 alongwith interest.

b)The Term Loan from BMW India Fin.Serv. Pvt.Ltd of rupees 22,00,000/- was sanctioned against the car on dated 19-02-2014 and the loan is repayable in 60 equally monthly installment commencing from 16-03-2014 alongwith interest

NOTES TO ACCOUNT AND OTHER DISCLOUSURE

2. Contingent Liability not provided for:-

a) Bill discounted with the Bank Rs.: - Nil

b) Bank guaranty outstanding as on 31-03-2014 Rs.:- Nil

3. Deferred Tax Liabilities/(Assets)

a) The company is liable to regular tax and the provision of income tax of Rs. 300,000/- has been made out of current profit.

Provision has also been done for the Deferred Tax Liabilities net of Deferred Tax Assets amounting to a sum of Rs.10,383.00 out of current year profit.

4 a) The balance of some accounts in Long Term Loans & Advances given, Trade Receivable, Long Term Liabilities, Long Term Borrowings, Short Term Borrowings, Trade Payable and Other Current Liabilities are subject to reconciliation/confirmation and have been shown as per values appearing in the books of accounts as good for recovery/payment unless specifically provided for.

b) In the opinion of the Board, the Current Assets and Loans & Advances would be,in the ordinary courses of business realize not less than the value stated in the balance sheet.

c) The TDS receivable and Brokerage income are subject to reconciliation with the 26AS of income tax.

d) Service Tax paid/payable on commission/brokerage income and rented income are subject to reconciliation with Service Tax Return.

5. The company had invested Rs.465,000/- with Sahil and Elite Stock Broking Pvt.Ltd - for share allotment money in the year 1997-1998 but the shares were not alloted till date and amount shown under the share application money (Pending for allotment). No business was done in the company for last many years.

6. The Company has not received any information from parties, whether they are covered under the MICRO, Small and Medium Enterprises (Development) Act, 2006. Disclosure relating to amount unpaid at the year-end together with interest payable, if any, as required under the said Act are not ascertainable.

7. Previous year''s figures have been regrouped/reclassified, wherever necessary, to correspond with the current year''s classification / disclosure.

8. Significant accounting policies and practices adopted by the Company are disclosed in the statement annexed to these financial statements as Annexure I.


Mar 31, 2013

1. Contingent Liability not provided for:-

a) Bill discounted with the Bank Rs.: - Nil

b) Bank guaranty outstanding as on 31 -03-2013 Rs.:- Nil

2. Deferred Tax Liabilities/(Assets)

a) The company is liable to regular tax and the provision of income tax of Rs.8,17,227/- has been made out of current profit.

Provision has also been done for the Deferred Tax Liabilities net of Deferred Tax Assets amounting to a sum of Rs. 1,79,223/- out of current year profit.

3. a) Thebalance ofsome accounts in Long Term Loans & Advances given, Trade Receivable, Long Term Liabilities, Long Term Borrowings, Short Term Borrowings and Other Current Liabilities are subject to reconciliation/confirmation and have been shown as per values appearing in the books of accounts as good for recovery/payment unless specifically provided for.

b) In the opinion of the board.the Current Asset and Loans & Advances would be,in the ordinary courses of business realize not less than the value stated in the balance sheet.

c) TheTDS receivable and brokerage income are subject to reconciliation with 26 AS of Income Tax Act.

d) Service Tax paid/payable on commission/brokerage income and rental income are subject to reconciliation with service tax return.

4. The company had invested Rs.465,000/- with Sahil and Elite Stock Broking Pvt.Ltd - for share allotment money in the year 1997-1998 but the shares were not alloted till date and amount shown under the share application money (Pending for allotment). No business was done in the company for last many years.

5. The Company had signed lease deed for property no.GF-18, at Omaxe Mall.Patiala on 29-02-2012 with Titan Industries Ltd. As per Clause No. 4(a) of the deed lease rent @ Rs. 1,05,000/- per month was due from 16 Aug, 2011. The same was not provided in the book of accounts in the previous year and now the same has been provided in the books of accounts and shown in current year as prior period income.

6. Prior period income includes rental income received from Titan Industries Limited rupees 6,30,000/- and rupees 1,20,060/- as maintenance charges reimbursed from Titan Industries Ltd.

7. The Company has not received any information from parties, whether they are covered under the MICRO, Small and Medium Enterprises (Development) Act, 2006. Disclosure relating to amount unpaid at the year-end together with interest payable, if any, as required under the said Act are not ascertainable.

8. Previous year''s figures have been regrouped/reclassified, wherever necessary, to correspond with the current year''s classification / disclosure.


Mar 31, 2012

The Company has only one class of equity share having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders except in case of interim dividend.In the Event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company in proportion to their shareholding.

1. Contingent Liability not provided for:-

a) Bill discounted with the Bank Rs.: - Nil

b) Bank guaranty outstanding as on 31-03-2012 Rs.:- Nil

2. Deferred Tax Liabilities/(Assets)

a) The company is liable to regular tax and the provision of income tax of Rs.2443614/- has been made out of current profit.

Provision has also been done for the Deferred Tax Liabilities net of Deferred Tax Assets amounting to a sum of Rs.1353593/- out of current year profit.

3 a) The balance of some accounts in Long Term Loans & Advances given, Trade Receivable, Long Term Liabilities and Other Current Liabilities are subject to reconciliation/confirmation and have been shown as per values appearing in the books of accounts as good for recovery/ payment unless specifically provided for.

b) In the opinion of the board,the Current Asset and Loans & Advances would be,in the ordinary courses of business realize not less than the value stated in the balance sheet.

4 The company had invested Rs.465,000/- with Sahil and Elite Stock Broking Ltd - for share allotment money in the year 1997-1998 but the shares were not alloted till date and amount is shown under the share application money (Pending for allotment). There has been no business done in the company for last many years.

5 The Company has signed lease deed for property no.GF-18, at Omaxe Mall,Patiala on 29-02-2012 with Titan Industries Ltd. As per Clause No. 4(a) of the deed lease rent @ Rs.1,05,000/- per month was due from 16 Aug, 2011. The same has not been provided in the books of accounts. The management was not sure as to the amount to be received.

6 There are no outstanding dues in respect of small scale industrial undertakings as defined under clause (j) of section 3 of Industrial (Development and Regulation ) Act, 1951 ( Previous year NIL).

7 The Revised Schedule VI has become effective from April 1, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped/reclassified, wherever necessary, to correspond with the current year's classification / disclosure.


Mar 31, 2010

1. Contingent Liability not provided for al Bill discounted with the Bank Rs.: - Nil

b) Bank guaranty outstanding as on 31-03-2010 Rs.- NIL

2. a) The balance of some accounts in Loan & Advances recoverable in cash or in kind, Share application money ( pending for allotment) Debtors, Creditors & Current Liabilities are subject to reconciliation/confirmation and have been shown as per values appearing in the books of accounts as good for recovery/payment unleass specifically provided for.

b) In the opinion of the board the Current Asset and Loans & Advances would be, in the ordinary courses of business realize not less than the value stated in the balance sheet.

3. The company had invested Rs.465,000/- with Sahil and Elite Stock Broking Pvt. Ltd - for share allotment money in the year 1997-98 but the shares were not alloted till date and amount shown under the share application money (Pending for allotment). There has been no business done in the Company for last many years.

4. Previous year figures have been reworked, regrouped, rearranged and reclassified wherever considered necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to current year.

5. Deferred Tax (Assets) / Liabilities

a) The company is liable to regular tax and the provision of income tax of Rs. 7,74,566/- has been made out of current profit. Provision has also been done for the Deferred Tax Liability net of Deferred Tax Assets amounting to a sum of Rs.6,59,223/- out of current year profit.

6. As per Accounting Standard 18 issued by the ICAI the Companies/related parties and transaction with them are disclosed below:

Related Parties

Key Management Personnel Relative to Key Management Personnel Enterprises over which (a) and (b) have significant influence (a) (b) (c)

Sh Kamal Manchanda Brand Realty Private Limited

Smt Aruna Manchanda (Subsidiary Company)

Sh K L Manchanda Tradewell Portfolios Private Limited

7. There are no outstanding dues in respect of small scale industrial undertakings as defined under clause (j) of section 3 of Industrial (Development and Regulation ) Act, 1951 ( Previous year NIL).

8. The company had accumulated reserve of rupees 34,33,083.00 under RBI Act from the previous years and since the company had surrenderd to RB; its registration certificat of NBFC, therefore there is no need to show the fund seperately and the amount has been transferred to general reserve.

 
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