Home  »  Company  »  Samruddhi Realty Ltd  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Samruddhi Realty Ltd.

Mar 31, 2015

1. As on the date of the Balance Sheet,

(i) The Company did not issue any equity shares as fully paid equity shares pursuant to contract(s) without payment being received in cash

(ii) The Company has issued an aggregate of 30,84,400 equity shares of Rs.10 each as fully paid-up bonus shares during preceding five years of the of the balance sheet date. However, no buy back of any equity shares has been made as on the balance sheet date.

(iii) The Company has not issued any securities like Convertible Preference Shares, Convertible Debentures etc which are Convertible into equity / Preference Shares

2. Contingent liabilities and commitments (to the extent not provided for)

In the opinion of the Board there are no contingent liabilities.

Commitments

Particulars Year ended Year ended 31.03.2015 31.03.2014

Major Contracts Commitment Outstanding for Civil, Consultancy and Supply contracts. 625,306,167 428,164,638

Total 625,306,167 428,164,638

3. Leases

(a) Finance lease

The Company has not entered into any finance lease arrangements during the year.

(b) Operating leases are mainly in the nature of lease of office premises with no restrictions and are renewable by mutual consent. There are no restrictions imposed by lease arrangements. Lease rental payments of Rs. 54,35,288/- (Pr. Yr Rs.66,87,085/-) made by the Company are recognized in the statement profit and loss account under the head ' Rent on premises '

Future minimum lease payments for the year ending March 31, 2016 is Rs.25,32,459 /-

4. Secured loans ft unsecured loans -terms

Secured borrowings

All secured loans are secured againt the asset acquired utilising the said loan and are repayable as per the agreed repayment schedules ranging from 9 to 84 monthly installments.

Non convertible Debentures

All Debentures are secured againt the company's share in the Rhythm, Winter Green, Lake Drive and Mystic wind projects agreed repayment schedules.

Unsecured loans/advances from/to related parties

Terms :The advances are clean advances that are given/taken without any preconditions attached towards repayments except incase of Ayushi Business Enterprises India Private Limited, Ascent Real Assets Private Limited and loans given by Hemand Rawal & Ravindra M in their individial capacities wherein the repayments is as per individual contracts.

5. Segment Reporting

As the company has only one business segment, disclosure under Ind AS 18 on "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

6. Disclosure under Micro, Small and Medium Enterprises Development Act, 2006

Under the Micro, Small and Medium Enterprises Development Act, 2006 read with notification no. 8/7/2006 - CDN dt 17/05/2007, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The company has not received any communication from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosures have been made in the accounts. However in the view of the management, the impact of interest, if any, that may be payable as per the provisions of this Act is not expected to be material.

7. Realisations

In the opinion of the Board and to the best of its knowledge and belief, the value on realisation of current assets, loans and advances will, in the ordinary course of business, not be less than the amounts at which they are stated in the Balance sheet.

8. Contractual liabilities

All other contractual liabilities connected with business operations of the Company have been appropriately provided for except for as mentioned in note 2.26 above

9. Amounts in the financial statements

Amounts in the financial statements are rounded off to nearest rupees. Figures in brackets indicate negative values.

10. Subsequent events

The Company has evaluated subsequent events through May 29, 2015, the date the financial statements were available for issuance. No material subsequent events have occurred through May 29, 2015 that require recognition or disclosure in the financial statements.


Mar 31, 2014

1.1 Contingent liabilities and commitments (to the extent not provided for)

In the opinion of the Board there are no contingent liabiliies.

Commitments

Year ended Year ended Particulars 31.03.2014 31.03.2013 Rs. Rs.

Major Contracts Commitment Outstanding for Civil, Consultancy and Supply contracts. 428,164,638 147,104,539

Total 428,164,638 147,104,539

1.2 Segment Reporting

As the company has only one business segment, disclosure under Ind AS 18 on "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

1.3 Disclosure under Micro, Small and Medium Enterprises Development Act, 2006 Under the Micro, Small and Medium Enterprises Development Act, 2006 read with notification no. 8/7/2006 - CDN dt 17/05/2007, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosures have been made in the accounts. However in the view of the management, the impact of interest, if any, that may be payable as per the provisions of this Act is not expected to be material.

1.4 Realisations

In the opinion of the Board and to the best of its knowledge and belief, the value on realisation of current assets, loans and advances will, in the ordinary course of business, not be less than the amounts at which they are stated in the Balance sheet.

1.5 Contractual liabilities

All other contractual liabilities connected with business operations of the Company have been appropriately provided for except for as mentioned in note 2.26 above.

1.6 Amounts in the financial statements

Amounts in the financial statements are rounded off to nearest rupees. Figures in brackets indicate negative values.


Mar 31, 2013

1.01 Disclosures for share application money pending allotment

i) The Company has made an Initial Public Offering for which the issue opened on March 28, 2013 and closed on April 03, 2013.

ii) Shares have been issued at a premium of Rs.2 per share.

iii) The company has sufficient authorized share capital to cover the share capital amount on allotment of shares out of share application money

iv) No interests have accrued on share application money

v) No amount of share application money is pending beyond the period mentioned in the application form.

The shares offered in the public issue have been allotted as per the terms and conditions and time frame set out in the public issue document and the BSE listing requirements.

1.02 Deferred taxes

Deferred tax is recognised subject to consideration of prudence on timing difference, being the difference between taxable income Deferred tax assets and deferred tax liabilities are offset when there is a legal enforceable right to set off assets against liabilities

1.03 Leases

(a) Finance lease

The Company has not entered into any finance lease arrangements during the year.

(b) Operating leases are mainly in the nature of lease of office premises with no restrictions and are renewable by mutual consent. There are no restrictions imposed by lease arrangements. Lease rental payments of Rs. 39,06,579/- (Pr. Yr Rs.24,26,512/-) made by the Company are recognized in the statement profit and loss account under the head '' Rent on premises ''

1.04 Segment Reporting

As the company has only one business segment, disclosure under Ind AS 18 on "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

1.05 Disclosure under Micro, Small and Medium Enterprises Development Act, 2006

Under the Micro, Small and Medium Enterprises Development Act, 2006 read with notification no. 8/7/2006 - CDN dt 17/05/2007, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosures have been made in the accounts. However in the view of the management, the impact of interest, if any, that may be payable as per the provisions of this Act is not expected to be material.

1.06 Realisations

In the opinion of the Board and to the best of its knowledge and belief, the value on realisation of current assets, loans and advances will, in the ordinary course of business, not be less than the amounts at which they are stated in the Balance sheet.

1.07 Contractual liabilities

All other contractual liabilities connected with business operations of the Company have been appropriately provided for except for as mentioned in note 2.27 above

1.08 Amounts in the financial statements

Amounts in the financial statements are rounded off to nearest rupees. Figures in brackets indicate negative values.

 
Subscribe now to get personal finance updates in your inbox!