Mar 31, 2016
Note
1. The company has only one class of equity shares having par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the realized value of the assets of the Company, remaining after payment of all preferential dues. The distribution will be in proportion to the number of equity shares held by the shareholders.
2. Details of shares held by each shareholder holding more than 5% shares:
3 Contingent Liabilities
There are no contingent liabilities as on the date of the financial statements.
4 Segment Information for the year ended March 31, 2016
As the Company is engaged only in one business segment i.e. Construction & Sale of Flats and there are no geographical segments, the Balance Sheet as at March 31, 2016 and the Profit and Loss Account for the year ended March 31, 2016 pertain to one business segment and related activities as per Accounting Standard (AS) 17 on "Segment Reporting".
5 Related party transactions
As per Accounting Standard 18, the disclosures of transactions with the related parties are given below
6. Relationships during the year
(A) Subsidiary Company
Newtech infrastructure Pvt Ltd (with effect from 15th October, 2015)
Nocil Infrastructure Ltd. (with effect from 15th October, 2015)
(B) Key Managerial Personnel
Naresh K. Mehta Dilipkumar K. Mehta
(C) Enterprises over which Key Managerial Personnel Having Significance Influence
Neo builders Limited
Neon Metal Impex Pvt Ltd
Neo builders & Developers (Proprietor)
Nocil Steels (Partnership)
Universal Builders & Developers
Stamag Builders And Developers Private Limited
Nancy Exports
7. Provision for retirement benefits to employees was not provided on accrual basis, which is not in conformity with Accounting Standard-15 issued by ICAI and the amount has not been quantified because actuarial valuation report is not available. However, in the opinion of the management the amount involved is negligible and has no material impact on the Profit & Loss Account.
8. Trade payable, Trade receivables, loan and advances balances are subject to confirmation and reconciliation.
9. The Company has not received intimation from most of the suppliers regarding the status under the Micro, Small and Medium Enterprise Development Act, 2006, and hence disclosure requirements in this regard as per schedule II of the Companies Act, 2013 is not being provided.
10. Figures of previous year are regrouped, rearranged and reclassified wherever necessary to correspond to figures of the current year.
Mar 31, 2015
1. Contingent Liabilities
There are no contingent liabilities as on the date of the financial
statements.
2. Segment Information for the year ended March 31, 2015
As the Company is engaged only in one business segment i.e.
Construction & Sale of Flats and there are no geographical segments,
the Balance Sheet as at March 31, 2015 and the Profit and Loss Account
for the year ended March 31, 2015 pertain to one business segment and
related activities as per Accounting Standard (AS) 17 on "Segment
Reporting".
3. Related party transactions
As per Accounting Standard 18, the disclosures of transactions with the
related parties are given below
4. Relationships during the year
(A) Key Managerial Personnel
Naresh K. Mehta
Dilipkumar K. Mehta
Rajen Mehta
(B) Enterprises over which Key Managerial Personnel Having Significance
Influence
Neo builders Limited
Neon Metal Impex Pvt Ltd
Newtech infrastructure
Pvt Ltd Neo builders & Developers (Proprietor)
Nocil Steels (Partnership)
Universal Builders & Developers
Sunlight Realtors Pvt Ltd
Stamag Builders And Developers Private Limited
Nancy Exports
5. Provision for retirement benefits to employees was not provided on
accrual basis, which is not in conformity with Accounting Standard-15
issued by ICAI and the amount has not been quantified because actuarial
valuation report is not available. However, in the opinion of the
management the amount involved is negligible and has no material impact
on the Profit & Loss Account.
6. Trade payable, Trade receivables, loan and advances balances are
subject to confirmation and reconciliation.
7. The Company has not received intimation from most of the suppliers
regarding the status under the Micro, Small and Medium Enterprise
Development Act, 2006, and hence disclosure requirements in this regard
as per schedule VI of the Companies Act, 1956 is not being provided.
8. Figures of previous year are regrouped, rearranged and reclassified
wherever necessary to correspond to figures of the current year.
Mar 31, 2014
1 Contingent Liabilities
There are no contingent liabilities as on the date of the financial
statements.
2 Segment Information for the year ended March 31,2014
As the Company is engaged only in one business segment i.e.
Construction & Sale of Flats and there are no geographical segments,
the Balance Sheet as at March 31, 2014 and the Profit and Loss Account
for the year ended March 31, 2014 pertain to one business segment and
related activities as per Accounting Standard (AS) 17 on "Segment
Reporting".
3 Related party transactions
As per Accounting Standard 18, the disclosures of transactions with the
related parties are given below 25.1 Relationships during the year
(A) Key Managerial Personnel Naresh K. Mehta Dilipkumar K. Mehta Rajen
Mehta
(B) Enterprises over which Key Managerial Personnel Having Significance
Influence Neo builders Limited
Neon Metal Impex Pvt Ltd Newtech infrastructure Pvt Ltd Neo builders &
Developers (Proprietor)
Nocil Steels (Partnership)
Universal Builders & Developers Sunlight Realtors Pvt Ltd
Stamag Builders And Developers Private Limited Nancy Exports
Inventa Infrastructure Pvt Ltd Ekveera Life sciences Pvt Ltd Ekvira
Green Estate Hudson Life Sciences LLC NY
4 Provision for retirement benefits to employees was not provided on
accrual basis, which is not in conformity with Accounting Standard-15
issued by ICAI and the amount has not been quantified because actuarial
valuation report is not available. However, in the opinion of the
management the amount involved is negligible and has no material impact
on the Profit & Loss Account.
5 Trade payable, Trade receivables, loan and advances balances are
subject to confirmation and reconciliation.
6 The Company has not received intimation from most of the suppliers
regarding the status under the Micro, Small and Medium Enterprise
Development Act, 2006, and hence disclosure requirements in this regard
as per schedule VI of the Companies Act, 1956 is not being provided.
7 Figures of previous year are regrouped, rearranged and reclassified
wherever necessary to correspond to figures of the current year
Mar 31, 2013
1 a) Employees Retirement Benefits:
As required by the mandatory accounting standard-15 regarding
"Accounting for Retirement Benefits in the Financial Statements of
Employer". The Company has not provided any liability at present.
2 Segment Reporting as required by Accounting Standard 17
The present 100% sale belongs to Construction activities only within
India.
3 Related parties disclosure in accordance with the accounting
standard 18
List of Related Parties: Enterprise owned or significantly controlled
by the Directors of the Company
4 The Company has no liability under Micro, Small and Medium
Enterprises Development Act, 2006 (the act) and hence disclosure
regarding:
(a) Amount due and outstanding to suppliers as the end of accounting
year;
(b) Interest paid during the year;
(c) Interest payable at the end of the accounting year, and
(d) Interest accrued and unpaid at the end of the accounting year, has
not been provided.
5 The Company is required to appoint a Whole time Company Secretary as
per Section 383A of the Companies Act,1956.The Company had advertised
for the proper candidate, but the Company, being small company, could
not get proper candidate hence the Company is getting the work done
from practicing Company Secretary on retainer ship basis.
6 Previous year figures have been regrouped & rearranged wherever
necessary.
Mar 31, 2012
1 a) Employees Retirement Benefits:
As required by the mandatory accounting standard-15 regarding
"Accounting for Retirement Benefits in the Financial Statements of
Employer". The Company has not provided any liability at present.
2 Segment Reporting as required bv Accounting Standard 17
The present 100% sale belongs to Trading segment in SS items only
within India.
Loan & Advances of Rs,3,39,00,000/- paid to Neo Builders and
developers, the firm where one of the Director Mr. Naresh Mehta is
interested. The aamount was given as an advances against the business
MOU entered into on dated 20th October,2007 for project in reality
business. The MOU was cancelled on 31.12.2009 by mutual understanding,
the advances were to be paid back by 31st March 2010 without interest
and thereafter interest @12% p.a was decided. M/s. Neo Builder paid
back the amount during the year without interest as per the new MOU
entered in to on 21 st April, 2011.
Advances given to Mr. Dilip Mehta, a Director of the Company, is as per
the Business MOU entered in to on 15th June, 2009 and 6th April, 2011.
does not carry any interest.
3 There are no pending capital commitments.
4 Contingent Liabilities
There are no contingent liabilities as on the date of the balance
sheet.
5 The Company has no liability under Micro, Small and Medium
Enterprises Development Act.2006 (the act) and hence disclosure
regarding:
(a) Amount due and outstanding to suppliers as the end of accounting
year;
(b) Interest paid during the year;
(c) Interest payable at the end of the accounting year, and
(d) Interest accrued and unpaid at the end of the accounting year, has
not been provided.
6 The Company is required to appoint a Whole time Company Secretary as
per Section 383A of the Companies Companies Act, 1956.
The Company had advertised for the proper candidate, but the Company,
being suspended could not get proper candidate, hence company is
getteng the work done from practicing Compaeens basis.
7 Previous year figures have been regrouped & rearranged wherever
necessary.
Mar 31, 2011
1. Contingent Liabilities
There are no contingent liabilities as on the elate of the balance
sheet.
2009-2010 2010-2011
2. Directors Remuneration Nil Nil
3. Auditors Remuneration
a) As Auditor; 80000/- 20000/-
b) As advisor, or in any other capacity
i) taxation matters;
ii) Company Law matters; - -----
iii) management services; - -----
c) In any other manner 20000/- - -
4. Segment Reporting as required by Accounting Standard 17 The present
100% sale belongs to Trading segment.
5. Deferred Tax :
Deferred Tax liability on account of fixed assets Rs.2775/-
6. Related parties disclosure in accordance with the accounting standard
18 List of the Related Parties: Enterprise owned or significantly
controlled by the Directors the Company:
34 Hudson Life Sciences LLC NY Dhananjay Pande
7 Loan & Advances includes Rs.3,51,00,000/- paid to Neo Builders, the
firm where one of the Director Mr. Naresh Mehta is interested. The
amount is given as an advances against the Memorandum of Understanding
entered into on dated 20th October,2007 for project in reality
business. This advance does not bear any interest. The MOU has been
cancelled on 31.12.2009 by mutual understanding, the advances if not
paid back before 31st March, 2010, shall bear an interest of 12%p.a.
8. a)Enplanes retirement benefits;
As required by the mandatory accounting standard - 15 regarding
"Accounting for Retirement Benefits in the Financial Statements of
Employer". The Campanulas not provided any liability at present.
9. Additional information pursuant to para. 3 & 4C & 4D of the Part II
of Schedule VI of the Companies Act, 1956.(As certified by the
management)
10. 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,
11. The Company has no liability under the Micro, Small and Medium
Enterprises Development Act, 2006 (the act) and hence disclosure
regarding;
(a) Amount due and outstanding to suppliers as the end of accounting
year;
(b) Interest paid during the year.
(c) Interest payable at the end of the accounting year, and
Interest accrued and unpaid at the end of the accounting year, has not
been provided.
12. The Company is required to appoint a Whole time Company Secretary
as per Clause of the Companies Act, 1956. The Company had advertised
for the proper candidate, but the Company, being suspended and no
proper business activities, could not get the proper person. Hence the
Company has appointed a Practicing Company Secretary on retainer basis
to look after the requirements of the Companies Act, SEBI, BSE etc.
13. Previous year figures have been regrouped & re arranged wherever
necessary
Mar 31, 2010
1. Contingent Liabilities
There are no contingent liabilities as on the elate of the balance
sheet.
2009-2010 2008-2009
2. Directors Remuneration Nil Nil
3. Auditors Remuneration
a) As Auditor; 80000/- 20000/-
b) As advisor, or in any
other capacity
i) taxation matters;
ii) Company Law matters; - -----
iii) management services; - -----
c) In any other manner 20000/- ----- -
4. Segment Reporting as required by Accounting Standard 17 The present
100% sale belongs to Trading segment.
5. Deferred Tax :
Deferred Tax liability on account of fixed assets Rs.2775/-
6. Related parties disclosure in accordance with the accounting
standard 18
List of the Related Parties: Enterprise owned or significantly
controlled by the Directors the Company:
The name of the Company/Firm Director
Interested
1 Nocil steels Naresh K Mehta [Partner]
2 Neon metals Impex Pvt.Ltd Naresh K Mehta
3 Neo Builders Developers Naresh K Mehta
4 New Tech Infrastructure Pvt.Ltd Naresh K. Mehta
5 Nocil Infrastructure Ltd Naresh K Mehta
6 Sunlight Realators Pvt Ltd Naresh K Mehta
7 Neo Steel & Alloys Ltd Naresh K Mehta
8 Natural Leasing & Finacials Pvt.Ltd Rajen Mehta
9 Stamag builders & Builders Rajen Mehta
10 Nancy Exports Rajen Mehta [Proprietor]
11 Godeshwar Estates Pvt.Ltd Rajen Mehta
12 Neon Metals Impex Pvt Ltd Dilip Mehta
13 New Tech Infrastructure Pvt, Ltd Dilip Mehta
14 Nocil Steels Dilip Mehta [Partner]
15 Ajanta Construction Company Tabrez Shaikh [Partner]
16 F.A.Erector & Developers Tabrez Shaikh [Partner]
17 Grace &, Rubberwala City Developers Tabrez Shaikh [Partner]
18 Hilton Developers Tabrez Shaikh [Partner]
19 Hilton Infrastructure Tabrez Shaikh [Partner]
20 Hilton Realtors Tabrez Shaikh [Partner]
21 Patni Builders & Developers Tabrez Shaikh [Partner]
22 Radha Construction Pvt Ltd- Tabrez Shaikh
23 Rubberwala Business Centre Pvt. Ltd. Tabrez Shaikh
24 Rubberwala Developers Tabrez Shaikh [Partner]
25 Rubberwala housing &
infrastructure ltd. Tabrez Shaikh
26 Rubberwala Hospitality Pvt, Ltd. Tabrez Shaikh
27 Rubberwala & Neo Ventrue Tabrez Shaikh [Partner]
28 Rubberwala Realtors Tabrez Shaikh [Partner]
29 Rubberwala Shelter Tabrez Shaikh [Partner]
30 Shreeram Developers Tabrez Shaikh [Partner]
31 Ekvera Life Sciences PvtXtd. Dhananjay Pande
32 Inventa Infrastructure PvtXtd. Dhananjay Pande
33 Ekvira Green Estate Dhananjay Pande [ Proprietor ]
34 Hudson Life Sciences LLC NY Dhananjay Pande
7 Loan & Advances includes Rs.3,51,00,000/- paid to Neo Builders, the
firm where one of the Director Mr. Naresh Mehta is interested. The
amount is given as an advances against the Memorandum of Understanding
entered into on dated 20th October,2007 for project in reality
business. This advance does not bear any interest. The MOU has been
cancelled on 31.12.2009 by mutual understanding, the advances if not
paid back before 31st March, 2010, shall bear an interest of 12%p.a.
8. a)Ernployees retirement benefits;
As required by the mandatory accounting standard - 15 regarding
"Accounting for Retirement Benefits in the Financial Statements of
Employer". The Company lias not provided any liability at present.
9. Additional information pursuant to para. 3 & 4C & 4D of the Part
II of Schedule VI of the Companies Act, 1956.(As certified by the
management)
10. 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,
11. The Company has no liability under the Micro, Small and Medium
Enterprises Development Act, 2006 (the act) and hence disclosure
regarding;
(a) Amount due and outstanding to suppliers as the end of accounting
year;
(b) Interest paid during the year.
(c) Interest payable at the end of the accounting year, and
Interest accrued and unpaid at the end of the accounting year, has not
been provided.
12. The Company is required to appoint a Whole time Company Secretary
as per Clause of the Companies Act, 1956. The Company had advertised
for the proper candidate, but the Company, being suspended and no
proper business activities, could not get the proper person. Hence the
Company has appointed a Practicing Company Secretary on retainer basis
to look after the requirements of the Companies Act, SEBI, BSE etc.
13. Previous year figures have been regrouped & re arranged wherever
necessary
Mar 31, 2009
1. Contingent Liabilities
There are no contingent liabilities as on the date of the balance
sheet.
2008 - 2009 2007 - 2008
2. Directors Remuneration Nil Nil
3. Segment Reporting as required by Accounting Standard 17 There are
no business activities at present hence not applicable
4. Deferred Tax : Not applicable
5. Related parties disclosure in accordance with the accounting
standard 18
List of the Related Parties: Enterprise owned or significantly
controlled by the Directors the Company:
The name of the Company/Firm Director
Interested
1 Perfect Engg.Works Pankaj M. Choksi
2 Perfect Gears Pankaj M. Choksi
3 Down Town Fashion Pankaj M. Choksi
4 Elmech Engineers Pankaj M. Choksi
5 Choksi Electro Mech Pvt.Ltd. Pankaj M. Choksi
6 Industrial Electronics (I) Pankaj M. Choksi
7 Choksi Engg.Works Pvt. Ltd. Pankaj M. Choksi
8 Advance Electronics (I) Pankaj M. Choksi
9 Cosmos Electrograph Systems Pvt.Ltd. Pankaj M. Choksi
10 Peevee Engg.& Exports Pvt. Ltd. Pankaj M. Choksi
11 Perfect Automotive Gears Pvt. Ltd. Pankaj M. Choksi
12 Nocil steels Naresh K Mehta [Partner]
13 Neon metals Impex Pvt.Ltd Naresh K Mehta
14 Neo Builders Developers Naresh K Mehta
15 New Tech Infrastructure Pvt.Ltd Naresh K Mehta
16 Nocil Infrastructure Ltd Naresh K Mehta
17 Sunlight Realators Pvt.Ltd Naresh K Mehta
18 Neon Steel & Alloys Ltd Naresh K Mehta
19 Natural Leasing & Finacials Pvt.Ltd Rajen Mehta
20 Stamag builders & Builders Rajen Mehta
21 Nancy Exports Rajen Mehta [Proprietor]
22 Godeshwar Estates Pvt.Ltd Rajen Mehta Transactions with related
parties:
Nature of Transaction Transaction with Amount Rs.
1. Advances given Neo Builders 38450000/-
6 Loan 8s Advances includes Rs.3,84,50,000/- paid to Neo Builders, the
firm where one of the Director Mr. Naresh Mehta is interested. The
amount is given as an advances against the Memorandum of Understanding
entered into on dated 20th October,2007 for project in reality
business. This advance does not bear any interest.
7. a)Employees retirement benefits:
As required by the mandatory accounting standard - 15 regarding
"Accounting for Retirement Benefits in the Financial Statements of
Employer". The Company has no any liability at present
8. Additional information pursuant to para. 3 & 4C & 4D of the Part
II of Schedule VI of the Companies Act,1956.(As certified by the
management)
9. 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.
10. The Company has no liability under the Micro, Small and Medium
Enterprises Development Act, 2006 (the act) and hence disclosure
regarding:
(a) Amount due and outstanding to suppliers as the end of accounting
year;
(b) Interest paid during the year.
Interest payable at the end of the accounting year, and
(d) Interest accrued and unpaid at the end of the accounting year, has
not been provided.
11. Previous year figures have been regrouped & re arranged wherever
necessary
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