Mar 31, 2010
1. RELATED PARTY DISCLOSURES
Names of related parties :
Enterprises and persons having a direct or 1. Manali Investment & Finance Pvt Ltd.
indirect significant influence over the 2. Shiraz Realtors Pvt Ltd
Company 3. Gstaad Trading Co. Pvt Ltd.
4. Lavina Contractors & Developers Pvt Ltd.
5. Bloomingdale Trading Co. Pvt Ltd.
6. Villa-Capri Developers Pvt Ltd.
2. The nature of activities of the Company is such that there are neither reportable nor geographical segment in terms of Accounting Standard 17 on "Segment Reporting" issued by the Institute of Chartered Accountants of India.
3. Since there are no material adjustments between both book profit and income tax profit, the Deferred Tax assets or Liabilities is Nil in accordance with Accounting Standard 22 on "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.
4. Previous years figures have been regrouped, reclassified and recast wherever necessary to confirm with those of the current year.