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.
Mar 31, 2010
I. Balances appearing in various accounts under the head, sundry
Debtors, Loans and Advances and Sundry Creditors are subject to
confirmation and reconciliations. Consequential adjustments arising,
if any, will be made in the year when such confirmation and
reconciliations 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
IV. During the year the Company has not incurred any Expenditure in
Foreign Currency. (Previous Year : Nil).
V. Disclosure in respect of related parties pursuant to Accounting
Standard - 18 ÃRelated Party Disclosureà issued by ÃThe Institute of
Chartered Accountants of IndiaÃ:
A) 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. Hemant T. Merchant
Mr. Rajnikant B. Sompura
Mr. Ravindra Patodia
Relatives of Key Management Personnel
Ms. Shakuntala Patodia
Mr. Asha Patodia
Mr. Abhijeet Patodia
VI. 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 2010 are the same as their net book
values.
VII. Previous year s figures have been regrouped, rearranged,
reclassified to the extent possible.