Mar 31, 2015
1. Details of the rights, and restrictions attaching to each class of
shares
Equity Shares: The Company has one class of equity shares having a par
value of 10/- per share. Each share holder is eligible for one vote per
share held. In the event of liquidation. The equity share holders are
eligible to receive the remaining assets of the Company in proportion
to share holding.
a) Time Share Refundable amount is Rs. 594,000/- (Previous Year: Rs.
594,000/-) which is refundable to the members at the end of thirty
years from the date of subscription, and does not carry any interest.
b) Non-refundable deposit - Time Share dream vista is recognised as
income equally over a period of 30 years from the date of sale of time
share.
2. CONTINGENT LIABILITY
Bank Guarantee issued in favour of Electricity Dept. Silvassa of Rs.
750,000/-.
3. Capital Commitment(net of advances) Rs. 4,177,245/- (P.Y Rs.
2,211,720/-)
4. SEGMENT REPORTING
The segment reporting of the Company has been prepared in accordance
with Accounting Standard (AS-17), "Accounting for Segment Reporting"
issued by the institute of Chartered Accountants of India.
Segment Reporting Policies
(a) Identification of Segments:
Primary - Business Segment
The Company has identified two reportable segments viz. Hoteliering &
Real Estate on the basis of the nature of services, the risk return
profile of individual business and the internal business reporting
systems.
Secondary - Geographical Segment
The Company operates entirely in India and hence has no reportable
geographical segment.
(b) Revenue and expenses have been identified to the segment on the
basis of relationship to operating activities of the segment. Revenue
and expenses which relate to enterprise as a whole and are not
allocable to a segment on reasonable basis have been disclosed as
"allocable expenses". Since the Real Estate segment is still in
'preoperative stage' all the other unallocable expenses are allocated
to Hoteliering segment.
(c) Segment assets and segment liabilities represent assets and
liabilities in respective segments. Investment, tax related assets and
other assets and liabilities that cannot be allocated to a segment on
reasonable basis have been disclosed as "unallocated assets" and
"unallocated liabilities".
5. Consequent to the adoption of the Revised Accounting Standard 15'
Employees Benefits' (Revised) issued by the Institute of Chartered
Accountants of India following disclosures have been made as required
by the standard:- (Refer Note- 7)
(a) The Company operates post retirement defined benefit plans as
follows :
Funded : Provided Fund
Unfunded : Post Retirement Gratuity
Method Used : Projected unit credit method
6. RELATED PARTY DISCLOSURE
The Names of related parties are as under:
(i) Enterprise that directly or indirectly control (through
subsidiaries) or are controlled by or are under common control with the
reporting enterprise. - NIL
(ii) Associates, Joint ventures of the reporting entity, investing
party or venturer in respect of which reporting enterprise is an
associate or joint venture. - NIL
(iii) Individuals owning, directly or indirectly, an interest in voting
power of the reporting enterprises that gives them control or
significant influence over the enterprises & relatives of any such
individual. - NIL
(iv) Key Managerial Person (KMP) & their Relatives.
a) Key Management Personnel
Vishamber Shewakramani - Managing Director
Nalini Shewakramani - Executive Director
b) Relatives of Key management Personnel Tekchand Shewakramani
Kamla Shewakramani
Gautam Shewakramani
Rahul Shewakramani
(v) Enterprises over which any person described in (iii) & (iv) is able
to exercise significant influence.
Associate Enterprises
Ras Stock & Financial
Services Pvt. Ltd. Audio Compas (India) Pvt. Ltd.
Rahul Agrotech (I) Pvt. Ltd. Burger King Restaurant Pvt. Ltd.
Ras Erectors Pvt. Ltd. Gautam Enterprises
Hungry Jacks Fast Food Pvt. Ltd. Ras Business Premises Pvt.Ltd
Gautam Premises Pvt. Ltd. Ras Diu Hotels Pvt. Ltd.
The Details of the related party transactions entered into by the
Company.
7. Trade payable & Trade receivable and advance balances are subject
to confirmation and subsequent reconciliation, if any
8. Current assets, loans and advances have a value on realization in
the ordinary course of business atleast equal to the amount at which
they are stated.
9. Consequent to the enactment of the Companies Act, 2013 (the Act)
and its applicability for accounting periods commencing after April 01,
2014, the Company has re-worked depreciation with reference to the
estimated economic lives of Fixed Assets prescribed by Schedule II to
the Act or actual useful life of assets, whichever is lower. In case of
any asset, whose life has been completed as above, the carrying value,
net residual value as at April 01, 2014 has been adjusted to the
opening balance of retained earnings and in other cases, the carrying
value has been depreciated over the remaining of revised life of the
assets and recognized in the Profit and Loss. If these had been no
change in the useful life of the assets, depreciation for the year
would have been lower by Rs. 937,203/- consequently profit would have
been higher by Rs. 937,203/-.
Deferred Tax on amount of Depreciation debited and retained earnings is
also credited to retained earnings.
10. Previous year's figures have been regrouped & rearranged wherever
necessary.
Mar 31, 2014
1. CONTINGENT LIABILITY
Bank Guarantee issued in favour of Electricity Dept. Silvassa of Rs.
7,50,000/-.
2. Capital Commitment (net of advances) Rs. 22,11,720/- (PY Rs.
22,11,720/-)
3. SEGMENT REPORTING
The segment reporting of the Company has been prepared in accordance
with Accounting Standard (AS-17), ''Accounting for Segment Reporting"
issued by the institute of Chartered Accountants of India.
Segment Reporting Policies
(a) Indentification of Segments:
Primary - Business Segment
The Company has identified two reportable segments viz. Hoteliering &
Real Estate on the basis of the nature of services, the risk return
profile of individual business and the internal business reporting
systems.
Secondary - Geographical Segment
The Company operates entirely in India and hence has no reportable
geographical segment.
(b) Revenue and expenses have been identified to the segment on the
basis of relationship to operating activities of the segment. Revenue
and expenses which relate to enterprise as a whole and are not
allocable to a segment on reasonable basis have been disclosed as
"allocable expenses". Since the Real Estate segment is still in
''preoperative stage'' all the other unallocable expenses are allocated
to Hoteliering segment.
(c) Segment assets and segment liabilities represent assets and
liabilities in respective segments. Investment, tax related assets and
other assets and liabilities that cannot be allocated to a segment on
reasonable basis have been disclosed as "unallocated assets" and
"unallocated liabilities".
4. Consequent to the adoption of the Revised Accounting Standard
15''Employees Benefits'' (Revised) issued by the Institute of Chartered
Accountants of India following disclosures have been made as required
by the standard:- (Refer Note-7)
(a) The Company operates post retirement defined benefit plans as
follows : Funded : Provided Fund
Unfunded : Post Retirement Gratuity
Method Used : Projected unit credit method
5. RELATED PARTY DISCLOSURE
The Names of related parties are as under:
(i) Enterprise that directly or indirectly control (through
subsidiaries) or are controlled by or are under common control with the
reporting enterprise. - NIL
(ii) Associates, Joint ventures of the reporting entity, investing
party or venturer in respect of which reporting enterprise is an
associate or joint venture. - NIL
(iii) Individuals owning, directly or indirectly, an interest in voting
power of the reporting enterprises that gives them control or
significant influence over the enterprises & relatives of any such
individual. - NIL
(iv) Key Managerial Person (KMP) & their Relatives.
a) Key Management Personnel
Vishamber Shewakramani - Managing Director Nalini Shewakramani -
Executive Director
b) Relatives of Key management Personnel
Tekchand Shewakramani Kamla Shewakramani Gautam Shewakramani Rahul
Shewakramani (v) Enterprises over which any person described in (iii) &
(iv) is able to exercise significant influence. Associate Enterprises
Ras Stock & Financial Services Pvt. Ltd. Audio Compas (India) Pvt.
Ltd.
Rahul Agrotech (I) Pvt. Ltd. Burger King Restaurant Pvt. Ltd.
Ras Erectors Pvt. Ltd. Gautam Enterprises
Hungry Jacks Fast Food Pvt. Ltd. Ras Business Premises Pvt. Ltd
Gautam Premises Pvt. Ltd. Ras Diu Hotels Pvt. Ltd.
6. Trade payable, Trade receivable and advance balances are subject
to confirmation and subsequent reconciliation, if any.
7. Current assets, loans and advances have a value on realization in
the ordinary course of business atleast equal to the amount at which
they are stated.
8. Previous year''s figures have been regrouped & rearranged wherever
necessary.
Mar 31, 2013
1. CONTINGENT LIABILITY
Liability in respect of VAT on sale of food and beverages at Silvassa
is presently unascertainable pending completion of assessment by the
authorities.
Bank Guarantee issued in favour of Electricity Dept. Silvassa of Rs.
750,000/-.
2. Capital Commitment (net of advances) Rs.2,211,720/- (P.Y
Rs.2,211,720/-)
3. SEGMENT REPORTING
The segment reporting of the Company has been prepared in accordance
with Accounting Standard (AS-17), "Accounting for Segment
Reporting" issued by the institute of Chartered Accountants of India.
Segment Reporting Policies
(a) Indentification of Segments:
Primary - Business Segment
The Company has identified two reportable segments viz. Hoteliering &
Real Estate on the basis of the nature of services, the risk return
profile of individual business and the internal business reporting
systems.
Secondary - Geographical Segment
The Company operates entirely in India and hence has no reportable
geographical segment.
(b) Revenue and expenses have been identified to the segment on the
basis of relationship to operating activities of the segment. Revenue
and expenses which relate to enterprise as a whole and are not
allocable to a segment on reasonable basis have been disclosed as
"allocable expenses". Since the Real Estate segment is still in
''preoperative stage'' all the other unallocable expenses are
allocated to Hoteliering segment.
(c) Segment assets and segment liabilities represent assets and
liabilities in respective segments. Investment, tax related assets and
other assets and liabilities that cannot be allocated to a segment on
reasonable basis have been disclosed as "unallocated assets" and
"unallocated liabilities".
4. Consequent to the adoption of the Revised Accounting Standard
15''Employees Benefits'' (Revised) issued by the Institute of
Chartered Accountants of India following disclosures have been made as
required by the standard:- (Refer Note - 7)
(a) The Company operates post retirement defined benefit plans as
follows :
Funded : Provident Fund
Unfunded : Post Retirement Gratuity
Method Used : Projected unit credit method
5. RELATED PARTY DISCLOSURE
The Names of related parties are as under:
(i) Enterprise that directly or indirectly control (through
subsidiaries) or are controlled by or are under common control with the
reporting enterprise. - NIL
(ii) Associates, Joint ventures of the reporting entity, investing
party or venturer in respect of which reporting enterprise is an
associate or joint venture. - NIL
(iii) Individuals owning, directly or indirectly, an interest in voting
power of the reporting enterprises that gives them control or
significant influence over the enterprises & relatives of any such
individual. - NIL
(iv) Key Managerial Person (KMP) & their Relatives.
a) Key Management Personnel
Vishamber Shewakramani - Managing Director Nalini Shewakramani -
Executive Director
b) Relatives of Key management Personnel
Tekchand Shewakramani Kamla Shewakramani Gautam Shewakramani Rahul
Shewakramani
(v) Enterprises over which any person described in (iii) & (iv) is able
to exercise significant influence.
Associate Enterprises
Ras Stock & Financial Services Pvt. Ltd. Rahul Agrotech (I) Pvt. Ltd.
Ras Erectors Pvt. Ltd.
Gras Health Resorts Pvt. Ltd.
Gautam Premises Pvt. Ltd.
Ras Dui Hotels Pvt. Ltd.
Audio Compas (India) Pvt. Ltd. Primary Cuisine Pvt. Ltd.
Burger King Restaurant Pvt. Ltd. Hungry Jacks Fast Food Pvt. Ltd. Ras
Business Premises Pvt. Ltd.
6. Trade payable & Trade receivable and advance balances are subject
to confirmation and subsequent reconciliation, if any.
7. The company does not have the data about status of its vendor as
macro small and medium enterprises. Hence amount due to macro small and
medium enterprises as on 31st March 2013 cannot be ascertained.
8. Current assets, loans and advances have a value on realization in
the ordinary course of business atleast equal to the amount at which
they are stated.
9. Previous year''s figures have been regrouped & rearranged
wherever necessary.
Mar 31, 2012
A. CONTINGENT LIABILITY
Liability in respect of VAT on sale of food and beverages at Silvassa
is presently unascertainable pending completion of assessment by the
authorities. And Bank Guarantee issued in favour of Electricity Dept.
Silvassa of Rs. 750,000/-.
B. Unexpired Capital Commitment (net of advances) - Rs. 2,211,720
(Previous year:Rs.72,528,720/-)
C. TIME SHARE
a) Time Share Refundable amount Rs.594,000/- (Previous Year:
Rs.594,000/-)
The amount is refundable to the members at the end of thirty years from
the date of subscription, and does not carry any interest.
b) Non-refundable deposit - Time Share dream vista is recognised as
income equally over a period of 30 years from the date sale of time
share.
(Refer Note - 5)
D. SEGMENT REPORTING
The segment reporting of the Company has been prepared in accordance
with Accounting Standard (AS-17), "Accounting for Segment Reporting"
issued by the institute of Chartered Accountants of India.
Segment Reporting Policies
(a) Identification of Segments:
Primary - Business Segment
The Company has identified two reportable segments viz. Hoteliering &
Real Estate on the basis of the nature of services, the risk return
profile of individual business and the internal business reporting
systems.
Secondary - Geographical Segment
The Company operates entirely in India and hence has no geographical
segment.
(b) Revenue and expenses have been identified to the segment on the
basis of relationship to operating activities of the segment. Revenue
and expenses which relate to enterprise as a whole and are not
allocable to a segment on reasonable basis have been disclosed as
"allocable expenses". Since the Real Estate segment is still in
'preoperative stage' all the other unallocable expenses are allocated
to Hoteliering segment.
(c) Segment assets and segment liabilities represent assets and
liabilities in respective segments. Investment, tax related assets and
other assets and liabilities that cannot be allocated to a segment on
reasonable basis have been disclosed as "unallocated assets" and
"unallocated liabilities".
E. Food & Beverages consumption is inclusive of cost of complimentary
meals provided to houseguests and staff.
F. Creditors, debtors and advance balances are subject to confirmation
and subsequent reconciliation, if any.
G. Pursuant to the Company's application, the Government of India has
vide its order no.46/7/2010-CL-lll dtd 20th January 2010, exempted the
Company from giving particulars in respect of quantity-wise details of
the turnover consumption and stock for the year ended 31st March, 2012.
H. The company does not have the data about status of its vendor as
macro small and medium enterprises. Hence amount due to macro small and
medium enterprises as on 31st March 2012 cannot be ascertained.
I. Current assets, loans and advances have a value on realization in
the ordinary course of business atleast equal to the amount at which
they are stated.
J. Previous year's figures disclosed have been recast, to comply with
revised Schedule VI wherever necessary, to make them comparable with
those for the current year.
Mar 31, 2010
1. CONTINGENT LIABILITY
Liability in respect of Sales Tax on sale of food and beverages at
Silvassa is presently unascertainable pending completion of assessment
by the authorities.
2. Unexpired Capital Commitment (net of advances) - Rs.72,836,220/-
(Previous year:Rs. 75,240,720/-)
3. TIME SHARE
Time Share Refundable Rs.594,0007- (Previous Year: Rs.594,000/-)
The amount is refundable to the members at the end of thirty years from
the date of subscription, and does not carry any interest.
4. SEGMENT REPORTING
The segment reporting of the Company has been prepared in accordance
with Accounting Standard (AS-17), "Accounting for Segment Reporting"
issued by the institute of Chartered Accountants of India.
Segment Reporting Policies
(a) Identification of Segments:
Primary - Business Segment
The Company has identified two reportable segments viz. Hoteliering &
Real Estate on the basis of the nature of services, the risk return
profile of individual business and the internal business reporting
systems.
Secondary - Geographical Segment
The Company operates entirely in India and hence has no geographical
segment.
(b) Revenue and expenses have been identified to the segment on the
basis of relationship to operating activities of the segment. Revenue
and expenses which relate to enterprise as a whole and are not
allocable to a segment on reasonable basis have been disclosed as
"allocable expenses". Since the Real Estate segment is still in
preoperative stage all the other unallocable expenses are allocated
to Hoteliering segment.
(c) Segment assets and segment liabilities represent assets and
liabilities in respective segments. Investment, tax related assets and
other assets and liabilities that cannot be allocated to a segment on
reasonable basis have been disclosed as "unallocated assets" and
"unallocated liabilities".
5. Consequent to the adoption of the Revised Accounting Standard 15
Employees Benefits (Revised) issued by the ICAI following disclosures
have been made as required by the standard :-
(a) The Company operates post retirement defined benefit plans as
follows :
Funded : Provident Fund
Unfunded : Post Retirement Gratuity
The estimates of future salary increases, considered in actuarial
valuation, take account of inflation, seniority, promotion, and other
relevant factors. The above information is certified by the actuary and
relied upon by the Auditors.
6. RELATED PARTY DISCLOSURE
The names of related parties are as under:
A. Key Management Personnel
Vishamber Shewakramani
B. Relatives of Key management Personnel
Nalini Shewakramani Tekchand Shewakramani Kamla Shewakramani
C. Associate Enterprises
Ras Stock & Financial Services Pvt. Ltd.
Rahul Agrotech (I) Pvt. Ltd.
Ras Erectors Pvt. Ltd.
Gras Health Resorts Pvt. Ltd.
Gautam Premises Pvt. Ltd.
Ras Maestros Technology Pvt. Ltd.
Primary Cuisine Pvt. Ltd.
Burger King Restaurant Pvt. Ltd.
Hungry Jacks Fast Food Pvt. Ltd.
Gautam Enterprises
7. Food & Beverages consumption is inclusive of cost of complimentary
meals provided to houseguests and staff.
8. Creditors, debtors and advance balances are subject to
confirmation and subsequent reconciliation, if any.
9. Pursuant to the Companys application, the Government of India has
vide its order no. 46/7/2010-CL-lll dtd 20th January, 2010, exempted
the Company from giving particulars in respect of quantity-wise details
of the turnover, consumption and stock for the year ended 31st March,
2010.
10. According to the information available with the Company, there are
no amounts as at March 31, 2010 due to suppliers who constitute a
"small scale industrial undertaking".
11. Current assets, loans and advances have a value on realization in
the ordinary course of business atleast equal to the amount at which
they are stated.
12. Previous years figures disclosed have been recast, wherever
necessary, to make them comparable with those for the current year.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article