Mar 31, 2015
1. Estimated amount of contracts remaining to be executed on capital
accounts not provided for - NIL (P.Y. - NIL)
2. in the opinion of the Board current assets, loans and advances are
approximately of the value stated, if realized in the ordinary course
of business. Confirmation of Balances in respect of the Deposits and
Advances, Sundry Creditors, Sundry Debtors and other payables etc. were
not available for verification at the time of audit.
3. REMUNERATION TO STATUTORY AUDITOR Audit Fees: Rs.50000 /- (PY Rs.
25000/-]
4. MANAGERIAL REMUNERATION :
%, Mr. Nandkumar Harchandani Rs.10, 00,000/-
2. Ms. Archana D. Wani Rs. 5,00,000/-
5. SEGMENT REPORTING :-
The Company serves to business segments i.e. Construction,
Entertainment and other related Business, which is governed by the same
set of risk and returns.
6. RELATED PARTY DISCLOSURE :-
Related party Disclosures have been made as applicable in the Tax Audit
Report & the Annexure thereto.
7. EARNING PER SHARE (EPS)
Divisible Profit for the year 2014-2015 Rs. 14,928,744.90
No. of Equity Shares 10,050,800
Earning Per Shares Rs.1.485
Mar 31, 2014
1, BASIS OF PREPRATION
The financial Statements are prepared under the historical awl
convention In accordance with generally accepted Amounting Principles
(GAAP) and materially comply with the Mandatory Accounting Standards
issued by the Institute of Chartered Accountants of India and the
provtikoei of the Companies Act, 1956. All Income 8 Expenditure having
a material bearing on the Financial Statements are recognized on
Accrual basis.
2, Use Of ESTIMATES
The preparation of financial Statement in conformity with GAAP require
management to make estimates and assumption that affect the reported
amount of Assets 6 Liabilities, disclosure of Contingent Liabilities at
the date of the Financial Statements and the reported amounts of
revenues and expenses -during the reporting period- The actual results
could differ from these estimates
3, VALUATION Of FIXED ASSET
Fixed Assets are stated at the cost of acquisition or Construction less
Depreciation provided thereon, d- DEPRERATION
i) Depreciation on Fixed Assets Is provided on written down value at
the rates as prescribed by Schedule xrv of The Companies Act, 1956
ii Depreciation is charged cm pro-rata bass for assets Purchased / Sold
during the vear. rhl Lands Bullring (whether freehold or leasehold} w
depreciated
5. INVESTMENTS;
The long-term investments are stated at cost Temporary decline In the
value of investment fif any) is not recognized,
6. VALUATION Qf INVENTORIES
Closing Stock art » valued, taken and certified by the Director.
I) Stores. Spares, BuSrfing Match jb, Loose Tools are valued at coiL
II) Raw Materials are valued at cost
III) Project Work in Progress is valued at cost
7. REVENUE RECONISATION
Rpvenue from Entertainment and other Related Business (Business
Conducting Charges! Is recognized in some cases on receipt basis and in
other cases on Accrual bath
Director has certified that no personal expenses have been charged in
the accounts during the year.
Mar 31, 2013
1. BASIS OF PREPARATION :
The Financial Statements are prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
(GAAP) and materially comply with the Mandatory Accounting Standards
issued by the Institute of Chartered Accountants of India and the
provision of the Companies Act, 1956. All Income & Expenditure having a
material bearing on the Financial Statements are recognized on Accrual
basis.
2. USE OF ESTIMATES :
The preparation of Financial Statement in conformity with GAAP requires
management to make estimates and assumption that affect the reported
amount of Assets & Liabilities, disclosure of Contingent Liabilities at
the date of the Financial Statements and the reported amounts of
revenues and expenses during the reporting period. The actual results
could differ from these estimates.
3. VALUATION OF FIXED ASSETS :
Fixed Assets are stated at the cost of acquisition or Construction less
Depreciation provided thereon.
4. DEPRECIATION :
i) Depreciation on Fixed Assets is provided on written down value at
the rates as prescribed by Schedule XIV of The Companies Act, 1956.
ii) Depreciation is charged on pro-rata basis for assets Purchased /
Sold during the year.
iii) Land & Building (whether Freehold or leasehold) is depreciated.
5. INVESTMENTS :
The long-term investments are stated at cost. Temporary decline in the
value of investment (if any) is not recognized.
6. VALUATION OF INVENTORIES :
Closing Stock are as valued, taken and certified by the Director. i)
Stores, Spares, Building Materials, Loose Tools are valued at cost.
ii) Raw Materials are valued at cost.
iii) Project Work in Progress is valued at cost
7. REVENUE RECOGNITION :-
Revenue from Entertainment and other Related Business (Business
Conducting Charges) is recognized in some cases on receipt basis and in
other cases on Accrual basis.
8. PERSONAL EXPENSES :
Director has certified that no personal expenses have been charged in
the accounts during the year.
Mar 31, 2012
1. BASIS OF PREPARATION :
The Financial Statements are prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
(GAAP) and materially comply with the Mandatory Accounting Standards
issued by the Institute of Chartered Accountants of India and the
provision of the Companies Act, 1956. All Income & Expenditure having a
material bearing on the Financial Statements are recognized on Accrual
basis.
2. USE OF ESTIMATES :
The preparation of Financial Statement in conformity with GAAP requires
management to make estimates and assumption that affect the reported
amount of Assets & Liabilities, disclosure of Contingent Liabilities at
the date of the Financial Statements and the reported amounts of
revenues and expenses during the reporting period. The actual results
could differ from these estimates.
3. VALUATION OF FIXED ASSETS :
Fixed Assets are stated at the cost of acquisition or Construction less
Depreciation provided thereon.
4. DEPRECIATION :
i) Depreciation on Fixed Assets is provided on written down value at
the rates as prescribed by Schedule XIV of The Companies Act, 1956.
ii) Depreciation is charged on pro-rata basis for assets Purchased /
Sold during the year.
iii) Land & Building (whether Freehold or leasehold) is depreciated.
5. INVESTMENTS :
The long-term investments are stated at cost. Temporary decline in the
value of investment (if any) is not recognized.
6. VALUATION OF INVENTORIES :
Closing Stock are as valued, taken and certified by the Director.
i) Stores, Spares, Building Materials, Loose Tools are valued at cost.
ii) Raw Materials are valued at cost.
iii) Project Work in Progress is valued at cost plus estimated Profit
on the basis of completion of work
7. REVENUE RECOGNITION :-
Revenue from Entertainment and other Related Business (Business
Conducting Charges) is recognized in some cases at receipt basis and
otherwise on Accrual basis.
8. PERSONAL EXPENSES :
Director has certified that no personal expenses have been charged in
the accounts during the year.
Mar 31, 2011
1. BASIS OF PREPARATION:
The Financial Statements are prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
(GAAP) and materially comply with the Mandatory Accounting Standards
issued by the Institute Of Chartered Accountants Of India and the
provisions of The Companies Act, 1956. All Income & Expenditure having a
material bearing on the Financial Statements are recognized on Accrual
basis.
2. USE OF ESTIMATES:
The preparation of Financial Statement in conformity with GAAP requires
Management to make estimates and assumption that affect the reported
amount of Assets & Liabilities, disclosure of Contingent Liabilities at
the date of the Financial Statements and the reported amounts of
revenues and expenses during the reporting period. The actual results
could differ from these estimates.
3. VALUATION OF FIXED ASSETS:
Fixed Assets are stated at the cost of acquisition or Construction less
Depreciation Provided thereon.
4. DEPRECIATION:
i) Depreciation on Fixed Assets is provided on W. D . V. Method at the
rates as prescribed by Schedule XIV of The Companies Act, 1956.
ii) Depreciation is charged on pro-rata basis for assets Purchased /
Sold during the year.
iii) Land (whether freehold or leasehold) is deprecated.
5. BORROWING COSTS:
Borrowing costs that are directly attributable to the production of
qualifying assets (i.e. Commercial Complexes) are capitalized, while
the other borrowing costs are capitalized to Capital Work In Progress.
6. INVESTMENTS:
The long-term Investments are stated at cost. Temporary decline in the
value of investment (if any) is not recognized
7. VALUATION OF INVENTORIES:
I) Closing Stock are as valued, taken and certified by the Director.
ii) Stores, Spares, Building Materials, Loose Tools are valued at cost.
iii) Raw Materials are valued at cost.
iv) Project Work in Progress is valued at cost plus estimated Profit on
the basis of completion of work.
8. REVENUE RECOGNITION:
Revenue from entertainment and other related Business (Business
Conduction Charg) is recognized on the basis of percentage of work
completed.
9. PERSONAL EXPENSES
Director has certified That no personal expenses have been charged in
the accounts during the Year.
Mar 31, 2010
1. BASIS OF PREPARATION:
The Financial Statements are prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
(GAAP) and materially comply with the Mandatory Accounting Standards
issued by the Institute of Chartered Accountants Of India and the
provisions of the Companies Act, 1956. All Income &Expenditure having a
material bearing on the Financial Statements are recognized on Accrual
basis.
2. USE OF ESTIMATES:
The preparation of Financial Statement in conformity with GAAP requires
management to make estimates and assumption that affect the reported
amount of Assets & Liabilities, disclosure of Contingent Liabilities at
the date of the Financial Statements and the reported amounts of
revenues and expenses during the reporting period. The actual results
could differ from these estimates.
3. VALUATION OF FIXED ASSETS:
Fixed Assets are stated at the cost of acquisition or Construction less
Depreciation provided there on.
4. DEPRECIATION:
i) Depreciation on Fixed Assets is provided on Written Down Method at
the rates as prescribed by Schedule XIV of the Companies Act, 1956.
ii) Depreciation is charged on pro-rata basis for assets Purchased /
Sold during the year.
iii) Land (whether freehold or leasehold) is depreciated.
5. BORROWING COSTS:
Borrowing costs that are directly attributable to the production of
qualifying assets (i.e. Commercial Complex) are capitalized, while the
other borrowing costs are capitalized to capital work in progress.
6. INVESTMENTS:
The long-term Investments are stated at cost. Temporary decline in the
value of investment (if any) is not recognized
7. VALUATION OF INVENTORIES:
i) Closing Stock are as valued, taken and certified by the directors.
ii) Stores, Spares, Building Materials, Loose Tools are valued at cost.
iii) Raw Materials are valued at cost.
iv) Project Work in Progress is valued at cost plus estimated Profit on
the basis of completion of work.
8. REVENUE RECOGNITION:
Revenue from entertainment and other Related Business (Business
Conducting Charges) is recognized on the basis of percentage of work
completed.
9. PERSONAL EXPENSES:
Directors has certified that no personal expenses have been charged in
the accounts during the year.
Mar 31, 2009
1. BASIS OF PREPARATION: -
The Financial Statements are prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
(GAAP) and materially comply with the Mandatory Accounting Standards
issued by the Institute Of Chartered Accountants Of India and the
provisions of The Companies Act, 1956. All Income & Expenditure having
a material bearing on the Financial Statements are recognized on
Accrual basis.
2. USE OF ESTIMATES:-
The preparation of Financial Statement in conformity with GAAP requires
Management to make estimates & assumptions that affect the reported
amount of Assets & Liabilities, disclosure of Contingent Liabilities at
the date of the Financial Statements and the reported amounts of
revenues and expenses during the reporting period. The actual results
could differ from these estimates.
3. VALUATION OF FIXED ASSETS: -
Fixed Assets are stated at the cost of acquisition or Construction less
Depreciation provided thereon.
4. DEPRECIATION: -
i) Depreciation on Fixed Assets is provided on Written down Value
Method at the rates as prescribed by Schedule XIV of The Companies Act,
1956.
ii) Depreciation is charged on pro-rata basis for assets Purchased /
Sold during the year.
iii) Land (whether freehold or leasehold) is depreciated.
5. BORROWING COSTS:-
Borrowing costs that are directly attributable to the production of
qualifying assets (i.e. Commercial Complexes) are capitalized, while
the other borrowing costs are capitalized to Capital Work In Progress.
6. INVESTMENTS: -
The long-term Investments are stated at cost. Temporary decline in the
value of investment (if any) is not recognized
7. VALUATION OF INVENTORIES: -
Closing stock are as valued, taken and certified by the director. i)
Stores, Spares, Building Materials, Loose Tools are valued at cost.
ii) Raw Materials are valued at cost. iii) Project Work in Progress is
valued at cost plus estimated Profit on the basis of completion of
work.
8. REVENUE RECOGNITION:-
Revenue from Entertainment and other Related Business (Business
Conducting Charges) is recognized on the basis of percentage of work
completed.
8. PERSONAL EXPENSES:-
Director has certified that no personal expenses have been charged in
the accounts during the year