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Notes to Accounts of JRI Industries & Infrastructure Ltd.

Mar 31, 2015

1. Balances appearing in various accounts under the head, sundry Debtors, Loans and Advances and Sundry Creditors are subject to confirmation and reconciliation's. Consequential adjustments arising, if any, will be made in the year when such confirmation and reconciliation's are received.

2. In the opinion of the management, the Current Assets and Loans and advances are not less than the value stated, if realized in the ordinary course of business.

3. There are no contingent liabilities during the year.

4. None of the supplier have reported Micro, Small and Medium Enterprises status as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the company owes dues.

5. During the year the Company has not incurred any Expenditure in Foreign Currency. (Previous Year: Nil).

6. Segment Reporting:

Based on risks and returns associated with business operations and in terms of Accounting Standard – 17 (Segment Reporting), The Company is predominantly engaged in a single reportable.

7. Disclosure in respect of related parties pursuant to Accounting Standard - 18 "Related Party Disclosure" issued by "The Institute of Chartered Accountants of India":

i. List of related parties:

Enterprises Controlling the Company

Dhanshree Dreamhomes Private Limited - Company having Substantial Interest

Key Management Personnel

Mr. Shankarrao A. Borkar

Ms. Sunanda S. Borkar

Mr. Amol S. Borkar

Mr. Ramakant S Sabnis

Mr. Shivanand Chapale

8. As per Managements view none of the current employees shall complete their term of service of five years, hence actuarial valuation of gratuity is not done.

Impairment of Fixed Assets: In the opinion of management, there was no impairment in respect of any fixed assets items. Hence carrying values of the assets at 31 March 2015 are the same as their net book values.

9. Consequent to the notification of revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended March 31, 2015 are prepared as per revised Schedule VI.


Mar 31, 2014

1. Balances appearing in various accounts under the head, sundry Debtors, Loans and Advances and Sundry Creditors are subject to confirmation and reconciliation''s. Consequential adjustments arising, if any, will be made in the year when such confirmation and reconciliation''s are received.

2. In the opinion of the management, the Current Assets and Loans and advances are not less than the value stated, if realized in the ordinary course of business.

3. There are no contingent liabilities during the year.

4. None of the supplier have reported Micro, Small and Medium Enterprises status as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the company owes dues.

5. During the year the Company has not incurred any Expenditure in Foreign Currency. (Previous Year: Nil).

6. Segment Reporting:

Based on risks and returns associated with business operations and in terms of Accounting Standard – 17 (Segment Reporting), The Company is predominantly engaged in a single reportable.

7. Disclosure in respect of related parties pursuant to Accounting Standard - 18 "Related Party Disclosure" issued by "The Institute of Chartered Accountants of India":

i. List of related parties:

Enterprises Controlling the Company

Dhanshree Dreamhomes Private Limited - Company having Substantial Interest

Key Management Personnel

Mr. Shankarrao A. Borkar

Ms. Sunanda S. Borkar

Mr. Amol S. Borkar

Mr. Shivanand Chapale

Mr. Ramakant S. Sabnis

Mr. Pandit Ranba Zirmale

No Related Party Transactions were carried out during the year.

8. As per Managements view none of the current employees shall complete their term of service of five years, hence actuarial valuation of gratuity is not done.

9. Impairment of Fixed Assets: In the opinion of management, there was no impairment in respect of any fixed assets items. Hence carrying values of the assets at 31 March 2014 are the same as their net book values.

10. Consequent to the notification of revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended March 31, 2014 are prepared as per revised Schedule VI

The notes referred to above form an Integral Part of the Accounts.


Mar 31, 2013

1. Balances appearing in various accounts under the head, sundry Debtors, Loans and Advances and Sundry Creditors are subject to confirmation and reconciliation''s. Consequential adjustments arising, if any, will be made in the year when such confirmation and reconciliation''s are received.

2. In the opinion of the management, the Current Assets and Loans and advances are not less than the value stated, if realized in the ordinary course of business.

3. There are no contingent liabilities during the year.

23. None of the supplier have reported Micro, Small and Medium Enterprises status as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the company owes dues.

4. During the year the Company has not incurred any Expenditure in Foreign Currency. (Previous Year: Nil).

5. Segment Reporting:

Based on risks and returns associated with business operations and in terms of Accounting Standard - 17 (Segment Reporting), The Company is predominantly engaged in a single reportable.

6. Disclosure in respect of related parties pursuant to Accounting Standard - 18 "Related Party Disclosure" issued by "The Institute of Chartered Accountants of India":

i. List of related parties:

Enterprises Controlling the Company

Dhanshree Dreamhomes Private Limited - Company having Substantial Interest

Key Management Personnel

Mr. Shankarrao A. Borkar

Ms. Sunanda S. Borkar

Mr. Amol S. Borkar

Mr. Shivanand Chapale

Mr. Ramakant S. Sabnis

Mr. Pandit Ranba Zirmale

7. As per Managements view none of the current employees shall complete their term of service of five years, hence actuarial valuation of gratuity is not done.

8. Impairment of Fixed Assets: In the opinion of management, there was no impairment in respect of any fixed assets items. Hence carrying values of the assets at 31 March 2013 are the same as their net book values.

9. Consequent to the notification of revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended March 31, 2013 are prepared as per revised Schedule VI.


Mar 31, 2012

(a) Pursuant to approval of the members dated February 15, 2012, one equity share having Face Value of Rs. 10/- each has been sub-divided into five equity shares of Rs. 2/- each.

(b) The Company has only one class of Share referred to as Equity Shares having par value Rs. 2/-. E ach holder of equity is entitled to one vote per share.

(c) In the event of liquidation of company the holders of equity shares will be entitled to receive any of the remaining assets of the company after distribution of all preferential amount. However no such preferential amounts exist currently.

The distribution will be in proportion to number of equity shares held by the share holders.

1. Balances appearing in various accounts under the head, sundry Debtors, Loans and Advances and Sundry Creditors are subject to confirmation and reconciliation's. Consequential adjustments arising, if any, will be made in the year when such confirmation and reconciliation's are received.

2. In the opinion of the management, the Current Assets and Loans and advances are not less than the value stated, if realized in the ordinary course of business.

3. There are no contingent liabilities during the year.

4. None of the supplier have reported Micro, Small and Medium Enterprises status as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the company owes dues.

5. During the year the Company has not incurred any Expenditure in Foreign Currency. (Previous Year: Nil).

6. Segment Reporting:

Based on risks and returns associated with business operations and in terms of Accounting Standard - 17 (Segment Reporting), The Company is predominantly engaged in a single reportable segment of "Construction and Infrastructure Development".

7. During the year March 31, 2010 the company has allotted 12,19,500 convertible warrants on preferential basis. During the year March 31, 2012 the company has allotted 10,99,500 equity shares on conversion of the above mentioned warrants.

8. Disclosure in respect of related parties pursuant to Accounting Standard - 18 "Related Party Disclosure" issued by "The Institute of Chartered Accountants of India":

i. List of related parties:

Enterprises Controlling the Company Dhanshree Dreamhomes Private Limited - Company having Substantial Interest Key Management Personnel Mr. Shankarrao A. Borkar Ms. Sunanda S. Borkar Mr. Amol S. Borkar Mr. Shivanand Chapale Mr. Ramakant S. Sabnis Mr. Pandit Ranba Zirmale

9. Impairment of Fixed Assets: In the opinion of management, there was no impairment in respect of any fixed assets items. Hence carrying values of the assets at 31 March 2012 are the same as their net book values.

10. Consequent to the notification of revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended March 31, 2012 are prepared as per revised Schedule VI. Accordingly, the previous year's figures have also been regrouped, rearranged and re-classified to conform to the current year's classification. The adoption of revised Schedule VI for previous year figures does not impact recognition and measurement principles followed for preparation of financial statements.


Mar 31, 2011

I. Balances appearing in various accounts under the head, sundry Debtors, Loans and Advances and Sundry Creditors are subject to confirmation and reconciliation's. Consequential adjustments arising, if any, will be made in the year when such confirmation and reconciliation's are received.

II. In the opinion of the management, the Current Assets and Loans and advances are not less than the value stated, if realized in the ordinary course of business.

III. There are no contingent liabilities during the year.

IV. None of the supplier have reported Micro, Small and Medium Enterprises status as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the company owes dues

V. During the year the Company has not incurred any Expenditure in Foreign Currency. (Previous Year: Nil).

VI. During the year March 31, 2010 the company has allotted 12,19,500 convertible warrants on preferential basis. During the year March 31, 2011 the company has allotted 1,20,000 equity shares on conversion of the above mentioned warrants.

VII. Disclosure in respect of related parties pursuant to Accounting Standard - 18 "Related Party Disclosure" issued by "The Institute of Chartered Accountants of India":

VIII. Impairment of Fixed Assets: In the opinion of management, there was no impairment in respect of any fixed assets items. Hence carrying values of the assets at 31 March 2011 are the same as their net book values.

IX. Previous year's figures have been regrouped, rearranged, reclassified to the extent possible.

The schedules referred to above form an Integral Part of the Accounts.

 
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