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Notes to Accounts of EPSOM Properties Ltd.

Mar 31, 2015

1. Terms/riohts attached to equity shares

The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/-pershare. Each holder of Equity Shares is entitlted to one vote per share.

As per the Cpmpanies act 2013, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts in the event of liquidation of the Company. However no such preferential amount exist currently.


Mar 31, 2014

Terms/rights attached to equity shares

The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/- per share. Each holder of Equity Shares is entitlted to one vote per share.

As per the Companies act 1956, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts in the event of liquidation of the Company. However no such preferential amount exist currently.

The distribution will be in proportion to the number of equity shares held by the shareholders


Mar 31, 2012

A. Gross Turnover 10.27 Laksh (Previous Year Rs. 6.14 lakhs)

B. Operating Lease

The Company's significant leasing arrangement is in respect of operating lease for office premises. Future Rentals payable Over the next 12 months: Rs.60,000 The aggregate lease rentals for the year amounting to Rs. 60,000/- have been charged to the Profit & Loss Account.

C. Deferred Tax

The Company following conservatism does not intend to create deferred tax assets for the year under review dub to reasonable uncertainty as to the utilization of such deferred tax assets in the foreseeable future.

D. Segment Reporting

As the Company's business activity fails within a single primary business segment viz. Real Estate. Construction and Leasehold and Freehold rights on properties, the disclosure requirements of AS-17 issued by ICAI are not applicable.

F. There are no permanent employees eligible for retirement benefits and hence no provision has been made in the accounts for Gratuity, Leave encashment and other retirement benefits.

G. Since the investment in the equity shares of quoted investments are infrequently traded the shares are valued at Re. 1/-per share.

H. In the opinion of the Management, Current Assets, Loans & Advances have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated.

I. There are no dues to MSMEs which are required to be disclosed as per Schedule VI of the Companies Act, 1956.

J. Earnings in Foreign Exchange NIL (RY NIL)

K. Expenditure in Foreign Currency NIL (RY. NIL)

L. Previous year's figures have been regrouped wherever necessary so as to make them comparable with those of the current year.


Mar 31, 2011

1. Segment Reporting

As the Companys business activity falls within a single primary busines segment viz. Real Estate, Construction and Leasehold and Freehold rights on properties, the disclosure requirements of AS-17 issued by ICAI are not applicable.

2. Considering the nature and value of Fixed Assets, no depreciation has been charged for the year.

3. There are no permanent employees eligible for reitrement benefits and hence no provision has been made in the accounts for Gratuity, Leave encashment and other retirement benefits.

4. Investments in shares and securities, both quoted and unquoted have no marketable value and hence are valued at Re.1/- per share.

5. In the opinion of the Management, Current Assets, Loans & Advances have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated.

6. There are no dues to MSMEs which are required to be disclosed as per Schedule VI of the Companies Act, 1956.

7. Earnings in Foreign Exchange NIL (P.Y Rs. 14.78 Lakhs)

8. Expenditure in Foreign Currency NIL (P.Y. NIL)

9. Previous years figures have been regrouped wherever necessary so as to make them comparable with those of the current year.


Mar 31, 2010

1. Gross Turnover Rs. 14.78 Lakhs (Previous Year Rs. 28.00 lakhs)

2. Transactions with Related Parties Key Management Personnel

Dr C Sivakumar Reddy Managing Director

Dr Mohan Swami Director

Mrs Gomathi A Vaidyanathan Director

Mr K Bhakthavatsala Reddy Director

Mr T S Raju Director

3. Operating Lease

The Companys significant leasing arrangement is in respect of operating lease for office premises. Future Rentals payable over the next 12 months : Rs.60,000

The aggregate lease rentals for the year amounting to Rs. 60,000/- have been charged to the Profit & Loss Account.

5. Deferred Tax

The Company following conservatism does not intend to create deferred tax assets for the year under review due to reasonable uncertainty as to the utilization of such deferred tax assets in the foreseeable future.

7. Segment Reporting

As the Companys business activity falls within a single primary business segment viz. Real Estate, Construction and Leasehold and Freehold rights on properties, the disclosure requirements of AS-17 issued by ICAI are not applicable.

8. Considering the nature and value of Fixed Assets, no depreciation has been charged for the year.

9. There are no permanent employees eligible for reitrement benefits and hence no provision has been made in the accounts for Gratuity, Leave encashment and other retirement benefits.

10. Investments in shares and securities, both quoted and unquoted have no marketable value and hence are valued at Re.1/- per share.

11. In the opinion of the Management, Current Assets, Loans & Advances have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated.

12. The balances shown in creditors and advances have not been confirmed by the respective parties.

13. There are no dues to MSMEs which are required to be disclosed as per Schedule VI of the Companies Act, 1956.

14. Earnings in Foreign Exchange Rs. 14.78 lakhs (P.Y Rs. 28.00 Lakhs)

15. Expenditure in Foreign Currency NIL (P.Y. NIL)

16. Previous years figures have been regrouped wherever necessary so as to make them comparable with those of the current year.

 
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