Mar 31, 2015
(a) Related Party Relationships are identified by the company and
relied upon by the auditor
(b) Amount written off or written back in the period in respect of
Debts due from or to Related Parties  NIL
(c) Provision for Doubtful Debts due from Related Parties  NIL
1 Information on Accounting for Taxes on Income as per Accounting
Standard 22 on "Accounting for Taxes "
"Accounting for Taxes on Income" issued by the Institute of Chartered
Accountants of India has become mandatory to the Company with effect
from 1st April, 2001. However, in absence of any difference between the
Accounting and Taxable income, no adjustment on account of Current and
Past Deferred Tax would be required.
2. Trade Receivables, Trade Payables, Advances and Deposits balances
are subject to confirmation and subsequent reconciliation.
3. There are no amounts that need to be disclosed pertaining to Micro
and Small Enterprises under Micro, Small and Medium Enterprises
Development Act, 2006 (MSMED Act, 2006). As at March 31, 2013, no
supplier has intimated the Company about its status as Micro or Small
Enterprises or its registration with the appropriate authority under
'The Micro, Small and Medium Enterprises Development Act, 2006'.
4. Information on Segment Reporting as per Accounting Standard 17
The Company's operation relate only to Business of Builder, Contractor,
Developer and Consultancy and thus has only one reportable segment
under Accounting Standard 17 on "Segment Reporting".
5. Previous year's figures have been regrouped, rearranged and
reclassified to correspond with the current year's figure, wherever
considered necessary.
Mar 31, 2012
1(a) Out of above shares 7,50,000 Equity Shares of Rs. 10/- each have
been allotted as fully paid- up Bonus Shares by capitalizing the
Securities Premium Account.
1(b) Out of 99,00,000 Equity Shares allotted during the year ,
21,60,000 Equity Shares shall be under locked-in for the period of 3
years i.e.upto 13th May,2014 and 77,40,000 Equity Shares shall be under
locked-in for the period of 1 year i.e. upto 13th May,2012.
2. Information on Accounting for Taxes on Income as per Accounting
Standard 22 on "Accounting for Taxes " "Accounting for Taxes on Income"
issued by the Institute of Chartered Accountants of India has become
mandatory to the Company with effect from 1st April, 2001. However, in
absence of any difference between the Accounting and Taxable income, no
adjustment on account of Current and Past Deferred Tax would be
required.
3. Sundry Creditors are subject to confirmations
4. There are no amounts that need to be disclosed pertaining to Micro
and Small Enterprises under Micro, Small and Medium Enterprises
Development Act, 2006 (MSMED Act, 2006). As at March 31, 2012, no
supplier has intimated the Company about its status as Micro or Small
Enterprises or its registration with the appropriate authority under
'The Micro, Small and Medium Enterprises Development Act, 2006'.
5. During the year the company has recovered the Profession Tax from
its employees. However the same is not deposited to the credit of the
Government in the absence of registration with Professional tax
authorities.
6. Information on Segment Reporting as per Accounting Standard 17
The Company's operation relates only to Business of Builder,
Contractor, Developer and Consultancy and thus has only one reportable
segment under Accounting Standard 17 on "Segment Reporting".
7. The Company has filed a scheme of merger under sections 391 to 394
of the Companies Act,1956 before the High Court of Judicature at Jaipur
and Bombay for merger of Rudra Mahima Business Venture Limited (RMBVL)
into the company whereby all the assets and liabilities of RMBVL will
be will be transferred to the company with effect from 1st day of
April,2011, however, the approval of the scheme is still pending before
the High Court of Judicature at Jaipur and Bombay.