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Notes to Accounts of Rander Corporation Ltd.

Mar 31, 2015

1 Background

Rander Corporation Limited ('the Company') was incorporated in the year 1993 and is listed as public limited company under the Company under the Companies Act, 1956 on Bombay Stock Exchange Limited ("BSE"), Mumbai.

The Company is a real estate company, primarily engaged in construction and real estate development and mainly operates in Boisar, Tarapur region of Maharashtra, India. The Company is also engaged in 'Securities Trading and Financing Business' under NBFC license.

2. Capital commitment and contingent liability

There are no estimated amounts of contracts remaining to be executed net of advances and not provided for on capital account as at the balance sheet date. The Company does not any contingent liabilities outstanding at the period.

3. Related Party Disclosures:

Transactions with Related Parties in the ordinary course of business

Nature of transaction Name of Related Party

Remuneration Mr. Amarchand Rander

Office Rent Mrs. Namita Rander

Office Rent Mrs. Durgadevi Rander


Mar 31, 2014

1 Background

Rander Corporation Limited (''the Company'') was incorporated in the year 1993 and is listed as public limited company under the Company under the Companies Act, 1956 on Bombay Stock Exchange Limited (“BSE"), Mumbai.

The Company is a real estate company, primarily engaged in construction and real estate development and mainly operates in Boisar, Tarapur region of Maharashtra, India. The Company is also engaged in financing and investing activities.

The Company has only one class of shares viz. equity shares of par value of Rs. 1 each. The Company had split its shares of face value of Rs. 10 in the ratio 1:10 in October 2013 and each shareholder received 10 shares of face value of Re.1. Holder of equity shares 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 any of the remaining assets of the Company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

2 Capital commitment and contingent liability

There are no estimated amounts of contracts remaining to be executed net of advances and not provided for on capital account as at the balance sheet date. The Company does not any contingent liabilities outstanding at the period.

3 Earnings per share

Net profit after tax attributable to equity shareholders [A]

Number of shares at the beginning of the year Number of shares issued during the year Total Number of shares at the end of the year

Weighted average number of equity shares outstanding during the year [B] Nominal value of shares Basic earnings are share (Face value Rs. 1) {[A] / [B]}

4 Particulars of Managerial Remuneration Salary, allowance and other perquisites

5 Auditor''s Remuneration Audit fees

6 Expenditure in foreign currency (on accrual basis)

Import of trading goods

7 Related Party Disclosures:

Transactions with Related Parties in the ordinary course of business

Nature of transaction Remuneration

Remuneration (Resigned 28.5.2013) Office Rent Office Rent Unsecured Loan

Name of Related Party Mr. Amarchand Rander Mr. Anil Kumar Dhoot Mrs. Namita Rander Mrs. Durgadevi Rander Mrs. Komal Rander


Mar 31, 2013

1. Background

Rander Corporation Limited (''the Company'') was incorporated in the year 1993 and is listed as public limited company under the Company under the Companies Act, 1956 on Bombay Stock Exchange Limited ("BSE''''), Mumbai.

The Company is a real estate company, primarily engaged in construction and real estate development and mainly operates in Boisar, Tarapur region of Maharashtra, India. The Company is also engaged in financing and investing activities.

2 Capital commitment and contingent liability

There are no estimated amounts of contracts remaining to be executed net of advances and not provided for on capital account as at the balance sheet date. The Company does not any contingent liabilities outstanding at the period.

3 Related Party Disclosures:

A. Relate parties and nature of relationships:

(I) Key Management Personnel

Mr. Amarchand Rander Chairman & Managing Director

Mr. Anil Kumar Dhoot Director

4 Segment Reporting

A. Business Segment:

The Company operates in three business segments viz. ''Construction and real estate development'', ''Trading business'' and ''Securities trading and financing business.

B. Geographical Segment:

The Company operates in one Geographical Segment viz. ''Within India'', hence no separate information for Geographic Segment wise disclosure is required.


Mar 31, 2012

1 Background

Rander Corporation Limited ('the Company') was incorporated in the year 1993 and is listed as public limited company under the Company under the Companies Act, 1956 on Bombay Stock Exchange Limited ("BSE''), Mumbai.

The Company is a real estate company, primarily engaged in construction and real estate development and mainly operates in Boisar, Tarapur region of Maharashtra, India. The Company is also engaged in financing and investing activities.

'Of the above equity shares issued during the financial year 1995-96, 17,400 equity shares of Rs. 10 each had been forfeited.

The Company has only one class of shares viz. equity shares of par value of Rs. 10 each. Holder of equity shares 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 any of the remaining assets of the Company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

There are no shareholders holding more than 5% shares as at 31 March 2012.

The reconciliation of the number of equity shares outstanding as at 31 March 2012 and 31 March 2011 is set out below :

During the previous financial year 2010-11, the Company has issued 7,500,000 equity shares of face value Rs. 10 each @ Rs. 13 per share (including premium of Rs. 3 per share (including premium of Rs. 3 per equity share) on preferential basis to individuals, bodies corporate and promoters of which 7,350,000 shares have been fully subscribed by prefrential shareholders.

2 Segment Reporting

A. Business Segment :

The Company operates in three business segments viz. 'Construction and real estate development', 'Trading busines1 and 'Securities trading and financing business.

B. Geographical Segment :

The Company operates in one Geographical Segment viz. 'Within India', hence no seprate information for Geographic Segment wise disclosure is required.


Mar 31, 2010

1. There is no estimated amount of contracts remaining to be executed net of advances and not provided for on capital account as at the Balance Sheet date. The Company does not have any contingent liability as on the balance sheet date.

2. Currency

The Company operates, prepares and presents its accounts only in one single currency i.e Indian Rupees. The figures have been rounded off to nearest Rupee

3. Earnings/Expenditure in Foreign Currency

The Company has neither incurred any expenses nor earned any income in foreign currency during the current and previous financialyears.

4. Amount Due to Micro, Small and Medium Enterprises and to Small Scale In dustrial Undertaking

There are no amounts outstanding for more than 30 days due to any Micro, Small and Medium Enterprises and to Small Scale Industrial Undertaking as at the balance sheet date. This information and that given in Schedule 11 - "Liabilities" regarding dues to these entities has been determined to the extent identified on the basis of information available with the Company This information has been rehedupon by the auditors.

5. Impairment of Assets

All the Assets have been tested for the impairment at the balance sheet date and as a result of same, the management of the Company does not consider any impairment in the value of anyasset.

6. Segment Reporting

A. Business Segment:

The Company operates only in one business segment i.e. construction and real estate development and the same has been considered as primary segment.

B. Geographical Segment:

The Company operates in one Geographical Segment viz. Within India, hence no seprate information for Geographic Segment wise disclosure is required.

7 Related Party Disclosures

A. Related Parties and Nature of Relationships :

(i) Group Companies-

Rander Holdings Private Limited

(ii) Key Management Personnel

Mr. Amarchand Rander Chairman

Mr.Anilkumar Dhoot Director

Mr. Ashok Agrawal Non-Executive Independent Director

Mr. Suresh Maheshwari Non-Executive Independent Director

Mr. S. K. Baldwa Non-Executive Independent Director

(iii) There are no enterprises over which (i) and (ii) above, are ableto exercise significant influence with whom transactions have taken place.

8 Previous years figures have been regrouped/rearranged wherever necessary to conform to current years presentation.

 
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