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Notes to Accounts of Prerna Infrabuild Ltd.

Mar 31, 2015

1 Received communication to the effect that the said agriculture land would not be converted into non agriculture in foreseeable future period. There being no commercial value to the company it has been revert back to the said directors at an acquisition price and is reflected in other adjustment in above.

Company has been carrying out construction activity and providing services of safe deposit vault. Since the business segment of safe deposit vault does not meet the basis criteria of treating the same as repotable segment, the management has decided to prepare the consolidated financial statement.

2 Micro, Small and Medium Enterprises Development Act, 2006

In accordance with the Notification No. GSR 719 ( E ) dt 16.11.2007, issued by the Ministry of Corporate Affairs, certain disclosures are required to be made relating to Micro and Small Enterprises as defined under the Micro, Small and Medium Development Act 2006. The Company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is still not available, no disclosures have been made in the accounts.

Net Profit after tax for the year has been used as the numerator and number of shares has been used as denominator for calculating the basic & diluted earning per share.


Mar 31, 2014

Note 1 Note (*): Some of the land being agriculture in nature was purchased in the name of directors Recently the company has received communication to the effect that the said agricuture land would not be converted into non agricuture in forseable future period.There being no commercial value to the company it has been revert back to the said directors at an acquisition priceandis reflected in other adjustment inabove.

Note 2 Contingent liabilities and commitments (to the extent not provided for)

Particulars As at As at 31 March, 2014 31 March, 2013 Rupees Rupees

(i) Contingent liabilities

(a) Order of the Superintendent of Stamps, Gandhinagar is received by the company 931,015.00 931,015.00

regarding stamp duty payable on amalgamation and transfer of ownership, which the company has not agreed to and want to chalange.Total Amount as per order Rs.1331015/-.Company has provided Rs.400000/-

(b) Company has received the demand notice for Asst Yr 2009-10 for Rs.449790/- against which company 818,197.00 818,197.00 paid Rs.225000/- and for balance company has filed an appeal with CIT (A).

Note 3: Segment Reporting:

Company has been carrying out construction activity and providing services of safe deposit vault. Since the business segment of safe deposit vault does not meet the basis criteria of treating the same as repotable segment, the management has decided to prepare the consolidated financial statement.

Note 4 Micro, Small and Medium Enterprises Development Act, 2006

In accordance with the Notification No. GSR 719 ( E ) dt 16.11.2007, issued by the Ministry of Corporate Affairs, certain disclosures are required to be made relating to Micro and Small Enterprises as defined under the Micro, Small and Medium Development Act 2006. The Company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is still not available, no disclosures have been made in the accounts.


Mar 31, 2013

Note 1 Note (*) : Some of the land being agriculture in nature was purchased in the name of directors.Recently the company has received communication to the effect that the said agricuture land would not be converted into non agricuture in forseable future period.There being no commercial value to the company it has been revert back to the said directors at an acquisition price and is reflected in other adjustment in above.

Note 2: Segment Reporting:

Company has been carrying out construction activity and providing services of safe deposit vault. Since the business segment of safe deposit vault does not meet the basis criteria of treating the same as repotable segment, the management has decided to prepare the consolidated financilal statement.

Note 3 Micro, Small and Medium Enterprises Development Act, 2006

In accordance with the Notification No. GSR 719 ( E ) dt 16.11.2007, issued by the Ministry of Corporate Affairs, certain disclosures are required to be made relating to Micro and Small Enterprises as defined under the Micro, Small and Medium Development Act 2006. The Company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is still not available, no disclosures have been made in the accounts.


Mar 31, 2012

Particulars As at As at 31 March, 2012 31 March, 2011 Rupees Rupees

Note 1 Contingent liabilities and commitments (to the extent not provided for)

(i) Contingent liabilities

(a) Order of the Superintendent of Stamps, Gandhinagar is received by 931,015.00 the company regarding stamp duty payable on amalgamation and

transfer of ownership , which the company has not agreed to and want to chalange. Total amount as per order Rs.1331015/-.

Company has provided Rs.400000/-.

(b) Company has received the demand notices for Asst Yr 2006-07 of 2,775,630.00 2,775,630.00 Rs.7,00,919/- and for Asst Yr 2007-08 Rs.20,74,711/- from Income Tax

Department, which the company has not accepted and applied for rectification of the same.

(c) Company has received the demand notice for Asst Yr 2009-10 for Rs.449790/- 224,790.00 - against which company has paid Rs.225000/- and for balance company has filed an appeal with CIT (A).

(d) Company has received the bill of Rs. 1168852/- from Uttar Gujarat Vij Company Ltd. 818,197.00 - towards use of electricty at site of Prerna Aura, Andej, Ta: Sanad, Dist: Ahmedabad. Company has went into appeal after paying Rs.350655/-

Note 2: Segment Reporting:

Company has been carrying out construction activity and providing services of safe deposit vault. Since the business segment of safe deposit vault does not meet the basis criteria of treating the same as repotable segment, the management has decided to prepare the consolidated financilal statement.

Note 3 Micro, Small and Medium Enterprises Development Act, 2006

In accordance with the Notification No. GSR 719 ( E )dt 16.11.2007, issued by the Ministry of Corporate Affairs, certain disclosures are required to be made relating to Micro and Small Enterprises as defined under the Micro, Small and Medium Development Act 2006. The Company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is still not available, no disclosures have been made in the accounts.

Note 4 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2010

I. OTHER NOTES :-

(i) Figures have been rounded off to the nearest multiple of rupee.

(ii) Figures of previous year have been regrouped and re-arranged wherever necessary.

(iii) Details of items 4C of Part II Schedule VI are not applicable.

(iv) There are no dues towards S.S.I.

(v) The disclosure of the quantitative details of sales, purchase, opening stock and closing stock is not applicable as the company is neither engaged in trading nor in manufacturing activity during the year.

(vi) Related Party disclosure:

a) List of Related Parties and relationships

A. Party Relation

Enterprises over which significant influence

- Prema Hospital Pvt. Ltd.

Mr. V.C. Shah - Managing Director

Mrs. N. V. Shah - Director Mr. S. V. Shah - Director

- Prerna Stock Brokers Pvt. Ltd.

Mr. V. C. Shah - Managing Director

Mrs. N. V. Shah - Director Mr. S. V. Shah - Director

- Prerna Builders Ltd.

Mr. V. C. Shah - Managing Director

Mrs. N. V. Shah - Director Mr. S. V. Shah - Director

- Prerna Developers

Mr. S.V. Shah

B. Key Management Personnel

- Vijay C. Shah Chairman

- Sanket V. Shah Wholetime Director Finance

- Nalini V. Shah Wholetime Director Finance

- Swetal C. Parikh Wholetime Director Finance

C. Relatives of Key Management Personnel

- Sanket V. Shah (HUF) HUF of Mr. S.V. Shah

- Vijay C. Shah (HUF) HUF of Mr. V.C. Shah

- Chandulal D. Varia Father of Mr. V. C. Shah

- Niyati S. Shah Spouse of Mr. S.V. Shah

- Chandulal D. Varia (HUF) HUF of Father of Mr. V. C. Shah


Mar 31, 2009

(i) The disclosure of the quantitative details of sales, purchase, opening stock and closing stock is not applicable as the company is neither engaged in trading nor in manufacturing activity during the year.

(ii) Related Party disclosure :

a) List of Related Parties and relationships

A. Party Relation

Enterprises over which

significant influence

-Prerna Hospital Ltd. Mr. V. C. Shah - Managing Director

Mrs. N. V. Shah Director

Mr. S. V. Shah - Director

- Prerna Stockbrockers Ltd. Mr. V. C. Shah - Managing Director

Mrs. N. V. Shah Director

Mr. S. V. Shah - Director

- Prerna Builders Ltd. Mr. V. C. Shah - Managing Director

Mrs. N. V. Shah Director

Mr. S. V. Shah - Director

- Prerna Developers Mr. S.V. Shah

B. Key Management Personnel

- Vijay C. Shah Chariman

- Sanket V. Shah Wholetime Director Finance

- Nalini V. Shah Wholetime Director Finance

C. Relative of key Management Personnel

- Sanket V. Shah (HUF) HUF of Mr. S. V. Shah

- Vijay C. Shah (HUF) HUF of Mr. V. C. Shah

- Chandulal D. Varia Father of Mr. V. C. Shah

- Niyati S. Shah Spouse of Mr. S.V. Shah

- Chandulal D. Varia (HUF) HUF of Father of Mr. V. C. Shah

(iii) Ther Companys primary business segment is developer of infrastructure. Based on the guiding principles given in Accounting Standard on" Segment Reporting" [(AS-17) issued by the Institute of Chartered Accoun tants of India], this activity falls within a single primary business segment and accordingly the disclosure requirements of AS-17 in this regard are not applicable.

 
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