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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