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Notes to Accounts of Raghava Estates & Properties Ltd.

Mar 31, 2014

1. SHARE CAPITAL

Rights, preferences and restrictions attached to:

Equity Shares:- The Company has only one class of equity share having a par value of Rs 10 per share. Each shareholder is eligible for one vote per share. In the Event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts in proportion to their shareholding.

2. Notes forming part of Financial Statements

2.1 The presentation in the Balance Sheet, Profit and Loss Statement and Notes to the Accounts is in terms of the Revised Schedule VI to the Companies Act, 1956 which has become mandatory with effect from 1st April, 2011. The assets and liabilities have been classified as current and non-current based on a twelve month operating cycle. Previous year''s figures have regrouped/reclassified wherever necessary to conform to the current year''s presentation.

2.2 Segment Reporting:

The board of directors of the company is of the opinion that there are no separate reportable segments as per Accounting Standard-17, as the operations of the company are in the nature of an integrated system of the function.

2.3 Related Parties Disclosures:

Related party disclosures, as stipulated by Accounting Standard-18 - ''Related Party Disclosures'', are give below:

a) Related Parties and their relationships

(1) Associates:

i) R. P. Villas Private Limited

ii) RPT Constructions Private Limited

iii) REL Builders Private Limited

iv) REL Housing Development Private Limited

(2) Key Managerial Personnel:

i) Lingam Ravindra Rao

ii) Lingam Tulasi Prasad

iii) Kilaru Harischandra Prasad

iv) Tummala Sri Rambabu

v) Kanuru Koteswara Rao

vi) Anne Srinivas

vii) Ponnapalli Srinivasa Phani Bhushan Maruthi

viii) Burugulla Venkata Ravi Kumar Maruthi

ix) Koti Surya Prakasa Rao Mullapudi

x) Anjaneyulu Chunchu

2.4 Accounting for taxes on income as per Accounting Standard-22

The deferred tax Asset for the year 2013-14 due to timing differences between financial statements and taxation statements as per the applicable rate of taxation, estimated as Rs. 38,762/- and the same has been credited to Profit & Loss Account as per the procedure prescribed in Accounting Standard-22 "Accounting for Taxes on Income" issued by the ICAI.


Mar 31, 2013

1. SHARE CAPITAL

Rights, preferences and restrictions attached to:

Equity Shares:- The Company has only one class of equity share having a par value of Rs 10 per share. Each shareholder is eligible for one vote per share. In the Event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts in proportion to their shareholding.

2. LONG-TERM BORROWINGS

(Charge secured by Equitable Mortgage of Land admeasur- ing Ac 0.50 cents of Land covered by R.S. No: 346/1 together with Buildings constructed there on bearing D-No; 1-195, Seethapuram Colony, Poranki village, Penamalur mandal, Krishna district.)

The Company has provided personal guarantees of Mr. L Ravindra Rao, L. Tulasi Prasad, K. Harischandra Prasad and T. Sri Rambabu, Promoter Directors of the company.

(a) On July 19, 2007, the Andhra Pradesh State Financial Corporation(APSFC) sanctioned a Financial Assistance for a sum of Rs.420 Lakhs to the company to meet a part of cost of ongoing projects. The assistance is repayable in 50 monthly installments of Rs. 9.20 lakhs each. The repayment shall commence 11 months from date of release of the loan. Interest shall be charged @17% p.a.

3. Segment Reporting:

As the company operates in a single business segment of Real Estate, property development, no additional disclosures are required as per Accounting Standard-17 on Segment Reporting.

4. Prior Year''s Comparatives : The Previous year''s figures have been re-grouped, where necessary to confirm to current years classification.


Mar 31, 2012

Rights, preferences and restrictions attached to :

Equity Shares:- The Company has only one class of equity share having a par value of Rs 10 per share. Each shareholder is eligible for one vote per share. In the Event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts in proportion to their shareholding.

(a) On July 19, 2007, the Andhra Pradesh State Financial Corporation(APSFC) sanctioned a Financial Assistance for a sum of Rs.420 Lakhs to the company to meet a part of cost of ongoing projects. The assistance is repayable in 50 monthly installemnts of Rs.9.20 lakhs each. The repayment shall commence 11 months from date of release of the loan. Interest shall be charged @17% p.a

Note : 1 : Segment Reporting :

As the company operates in a single business segment of Real Estate, property development, no additional disclosures are required as per Accounting Standard - 17 on Segment Reporting.

Note : 2 : Prior Year''s Comparatives : The Previous year''s figures have been re- grouped, where necessary to confirm to current years classification.


Mar 31, 2011

1.1 Loans and advances include loans to staff of the company accounting to Rs.98,111/- (Maximum amount due at any time during the year Rs.137121/-)

1.2 Balances of sundry debtors / creditors and other loans & advances have been taken at values as stated in the books of account and have not been confirmed by the parties.

1.3 The information required in regard to licensed capacity, installed capacity, actual production, consumption of raw material, opening and closing stock of goods are not applicable to this company.

1.4 Segment Reporting:

As the company's business activity falls within a single primary business segment i.e., Real Estate, property development, etc., the disclosure requirements of Accounting Standard(AS-17) "Segment Reporting" issued by the institute of chartered accountants of India is not considered relevant.

1.5 Cash flow statement for the year ended 31-3-2011 is given in Annexure.

1.6 Previous year's figures have been reclassified wherever necessary to confirm to this year's classification.

1.7 Figures have been rounded off to the nearest rupee.

Notes:

1) Share holders are requested to keep the Company informed as and when there is any change in their e-mail address. Unless the e-mail address given above is changed by the concerned shareholder by sending another communication in writing, the Company will continue to send the said documents to the e-mail address registered with Company.

2) The above e-mail address will be registered subject to verification of your signature with the specimen signature registered with the Company.


Mar 31, 2010

1. OTHER NOTES:

1.1 Loans and advances include loans to staff of the company accounting to Rs.3,89,286/- (Maximum amount due at any time during the year Rs.4,56,791/-)

1.2 Balances of sundry debtors / creditors and other loans & advances have been taken at values as stated in the books of account and have not been confirmed by the parties.

1.3 The information required in regard to licensed capacity, installed capacity, actual production, consumption of raw material, opening and closing stock of goods are not applicable to this company.

1.4 Segment Reporting:

As the companys business activity falls within a single primary business segment i.e., Real Estate, property development, etc., the disclosure requirements of Accounting Standard(AS-I7) "Segment Reporting" issued by the institute of chartered accountants of

India is not considered relevant.

1.5 Cash flow statement for the year ended 3 3 -3-2010 is given in Annexure.

1.6 Previous years figures have been reclassified wherever necessary to confirm to this years classification.

1.7 Figures have been rounded off to the nearest rupee.


Mar 31, 2009

1. OTHER NOTES:

1.1 Loans and advances include loans to staffofthe company accounting to Rs. 3,94,178/ - (Maximum amount due at any time during the year is Rs. 4,56,791/-)

1.2 Balances of sundry debtors / creditors and other loans*& advances have been taken at values as stated in the books of account and have not been confirmed by the parties.

1.3 The information required in regard to licensed capacity, installed capacity, actual production, consumption of raw material, opening and closing stock of goods are not applicable to this company.

1.4 Segment Reporting :

As the Companys business activity falls within a single primary business segment i.e., Real Estate, property Development, etc., the disclosure requirements oteccounting standard (AS-17) "Segment Reporting" issued by the Institute of Chartered Accountants of India is not considered relevant.

2.1 Related Party Transactions

The Company has transactions with related parties. The details are as perannexure.

2.2 Cash Flow statement for the year ended 31-3-2009 is given in Annexure.

2.3 Previous Years figures have been reclassified wherever necessary to conform to this years classification.

 
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