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Notes to Accounts of Radhe Developers (India) Ltd.

Mar 31, 2015

1. Previous year figures have been regrouped and arranged wherever required necessary.

2. The debit and credit balances shown in the balance sheet are subject to the confirmation by the parties concerned.

3. In the opinion of the board, current assets, loans and advances are approximately of the value stated if realized in the ordinary course of the business. The provision for all known liabilities is made.

4. The company carries investments at cost. According to the management, investments in shares are long term in nature and provisions for diminution in the value of investments is not made as such diminution are temporary.

5. There is no foreign exchange earnings and foreign exchange outgo during the year.

6. Extra ordinary item:

a) Prior period expenditure includes expenditure for the previous year 2013-14.

b) The prior period item contains the amount of premium paid for insurance of building for the previous year 2013-14 paid in current year.

7. (a) Related party disclosure:

a) List of related party and relationships Sr. no Party

1. Key managerial personal

Mr. Ashish P. Patel

Mr. Pranav J Patel

2. Directors

Alok Harishikesh Vaidya

Prafulbhai Chunibhai Patel

Jahnavi Ashishbhai Patel

Dineshsingh Umashankarsingh Kshatriya

Harishkumar Bhalchandra Rajput

3. Group companies

Radhe Infra. And Projects India. Ltd

Pratigna Properties Pvt. Ltd.

Abhyudaya Developers Pvt ltd

Esaan Organisers Pvt Ltd

Garima Venture Finance Ltd

Jash Development Corporation

Saurashtra Cement Corporation Garima Communication


Mar 31, 2014

1 Previous years figures have been regrouped and rearranged wherever required necessary.

2 The debit and credit balance shown in the balance sheet are subject to the confirmation by the parties concerned.

3 In the opinion of the board, current assets, loans and advances are approximately of the value stated if realized in the ordinary course of the business. The provision for all known liabilities is made.

4 Information pursuant to paragraph 3, 4 and 4 D of Part II of Schedule VI to the Companies Act, 1956 does not apply to the company hence not furnished.

5 The company carries investments at cost. According to the management, investments in shares are long term in nature and provisions for diminution in the value of investments is not made as such diminution are temporary.

6 There is no foreign exchange earnings and foreign exchange outgo during the year.

7 Extra Ordinary Items :

* Prior Period Income contains the Write off / Reversal of Expenditure related to the Financial Year 2012-13

* Prior Period Expenditure contains the Service Tax paid for period related to the earlier Financial Years.


Mar 31, 2013

BASIS OF ACCOUNTING:

The financial statements are prepared under the historical cost convention on accrual basis in accordance with the generally accepted accounting principles and accounting standards issued by The Institute of Chartered Accountants of India and the provisions of the companies act –1956.

All the assets and liabilities have been classified as current or non current as per Company''s normal operating cycle and other criteria set out in the Revised Schedule – VI to the Companies Act, 1956. Based on the nature of project and the time between the acquisition of assets for development and their realization in cash and cash equivalent. The company has ascertained its operating cycle as 12 months for the purpose of current – non current classification of assets and liabilities.

1 Previous years figures have been regrouped and rearranged wherever required necessary.

2 The debit and credit balance shown in the balance sheet are subject to the confirmation by the parties concerned.

3 In the opinion of the board, current assets, loans and advances are approximately of the value stated if realized in the ordinary course of the business. The provision for all known liabilities is made.

4 Remuneration to Directors: Previous Year Rs. 33,00,000/- Current Year Rs. 33,00,000/- 5 Information pursuant to paragraph 3, 4 and 4 D of Part II of Schedule VI to the Companies Act, 1956 does not apply to the company hence not furnished.

5 The company carries investments at cost. According to the management, investments in shares are long term in nature and provisions for diminution in the value of investments is not made as such diminution are temporary.

6 There is no foreign exchange earnings and foreign exchange outgo during the year.

7. Estimated amount of capital contract remaining to be executed on capital account Rs. Nil (Previous Year Rs. NIL)

8. Contingent Liability not provided for:

Sr. No. Nature of Dues 2011-2013 2010-2012 (Rs. In Lacs) (Rs. In Lacs)

1 Income Tax Penalty U/s 271(1) (i) (c) of IT Act, 1961 15.78 15.78 from A.Y. 2001-02 to A.Y. 2006-07


Mar 31, 2012

BASIS OF ACCOUNTING:

The financial statements are prepared under the historical cost convention on accrual basis in accordance with the generally accepted accounting principles and accounting standards issued by The Institute of Chartered Accountants of India and the provisions of the companies act -1956.

All the assets and liabilities have been classified as current or non current as per Company's normal operating cycle and other criteria set out in the Revised Schedule - VI to the Companies Act, 1956. Based on the nature of project and the time between the acquisition of assets for development and their realization in cash and cash equivalent. The company has ascertained its operating cycle as 12 months for the purpose of current - no current classification of assets and liabilities.

1 Previous years figures have been regrouped and rearranged wherever required necessary.

2 The debit and credit balance shown in the balance sheet are subject to the confirmation by the parties concerned.

3 In the opinion of the board, current assets, loans and advances are approximately of the value stated if realized in the ordinary course of the business. The provision for all known liabilities is made.

4 Remuneration to Directors:

Previous Year Rs. 24,00,000/-

Current Year Rs. 33,00,000/-

5 Information pursuant to paragraph 3, 4 and 4 D of Part II of Schedule VI to the Companies Act, 1956 does not apply to the company hence not furnished.

6 The company carries investments at cost. According to the management, investments in shares are long term in nature and provisions for diminution in the value of investments is not made as such diminution are temporary.

7 There is no foreign exchange earnings and foreign exchange outgo during the year.

8. Estimated amount of capital contract remaining to be executed on capital account Rs. Nil (Previous Year Rs. NIL)

9. Contingent Liability not provided for:

Sr. No. Nature of Dues 2011-2012 2010-2011 (Rs. In Lacs) (Rs. In Lacs)

1 Income Tax Penalty 15.78 NIL


Mar 31, 2011

1. Previous years figures have been regrouped and rearranged wherever required necessary.

2. The debit and credit balance shown in the balance sheet are subject to the confirmation by the parties concerned.

3. In the opinion of the board, current assets, loans and advances are approximately of the value stated if realized in the ordinary course of the business. The provision for all known liabilities is made.

4. Information pursuant to paragraph 3, 4 and 4 D of Part II of Schedule VI to the Companies Act, 1956 does not apply to the company hence not furnished.

5. The company carries investments at cost. According to the management, investments in shares are long term in nature and provisions for diminution in the value of investments is not made as such diminution are temporary.

6. There is no foreign exchange earnings and foreign exchange outgo during the year.


Mar 31, 2010

1 Previous years figures have been regrouped and rearranged wherever required necessary.

2 The debit and credit balance shown in the balance sheet are subject to the confirmation by the parties concerned.

3 In the opinion of the board, current assets, loans and advances are approximately of the value stated if realized in the ordinary course of the business. The provision for all known liabilities is made.

4 Durnig the year the company has allotted 1,50,00,000 equity shares of Rs. 10/-each at a premium of Rs. 8/- per share to promoters and non promoters on conversion of equity warrants in to Equity Shares.

5 During the year the company has subdivided the equity shares from face value of Rs. 10 each in to face value of Re 1 each.

6 Remuneration to Directors:

Previous Year Rs. NIL

Current Year Rs. NIL

7 Information pursuant to paragraph 3,4and4D of Part II of Schedule VI to the Companies Act, 1956 does not apply to the company hence not furnished.

8 The company carries investments at cost. According to the management, investments in shares are long term in nature and provisions fordiminution in the value of investments is not made as such diminution are temporary.

9 There is no foreign exchange earnings and foreign exchange outgo during the year.

10 Estimated amount of capital contract remaining to be executed on capital account Rs. Nil (Previous Year Rs. NIL)

11 Contingent Liability not provided for:

Sr. No. Nature of Dues 2009-2010 2008-2009

(Rs. In Lacs) (Rs. In Lacs)

1 Pending Demand with Income Tax Authorities 24.55 9.06

Schedule 1 to 15 are attached to and form part of account for the year ended 31-3-2010