Mar 31, 2015
1. RELATED PARTY DISCLOSERS
A. Names of related parties and description of relationship:
1. Key Management Personnel Mr. Kantilal M. Savla (Chairman)
2. Entities where Key Management Personnel and their relatives have
control or significant influence. Integrated Spaces Ltd.
3. The Company is engaged in the Real Estate related business and
accordingly there are no reportable segments.
4. In the opinion of the Board, Current Assets, Loan and Advances are
of the value stated if realized in the ordinary course of business. The
provision for all known and determined liabilities are adequate and not
in excess of the amounts reasonable
5 Balances of the Trade Receivables, Trade Payables, Loans and
Advances are subject to confirmation, reconciliation and consequent
adjustment if any. However, in the opinion of the management such
adjustments, if any, will not be material.
6. Others disclosure of Schedule III are not applicable to the Company.
1. Previous year's figures have been regrouped/rearranged wherever
necessary to confirm the current presentation as per the Schedule III.
1) This Ballot Form is provided for the benefit of Members who do not
have access to e-voting facility.
2) A Member can opt for only one mode of voting i.e. either through
e-voting or by Ballot. If a Member cast votes by both modes, then
voting done through e-voting shall prevail and ballot shall be treated
as invalid.
3) For detailed instructions on e-voting, please refer to the notes
appended to the Notice of the AGM.
4) The scrutinizer will collate the votes downloaded from the e-voting
system and votes received through post to declare the final result for
each of the Resolutions forming part of the Notice of the AGM.
Process and manner for Members opting to vote by using the Ballot Form:
1) Please complete and sign the Ballot Form (no other form or photocopy
thereof is permitted) and send it so as to reach the Scrutinizer
appointed by the Board of Directors of the Company, Mr. Narayan Parekh,
Partner, PRS Associates, Practicing Company Secretary, (Membership No:
ACS 8059) at c/o Vaghani Techno Build Limited, D Wing, Karma Sankalp,
Corner of 6th and 7th Road of Rajawadi, Ghatkopar (East), Mumbai - 400
077
2) The Form should be signed by the Member as per the specimen
signature registered with the Company/ Depositories. In case of joint
holding, the Form should be completed and signed by the first named
Member and in his/her absence, by the next named joint holder. A Power
of Attorney (POA) holder may vote on behalf of a Member, mentioning the
registration number of the POA registered with the Company or enclosing
an attested copy of the POA. (Exercise of vote by Ballot is not
permitted through proxy)
3) In case the shares are held by companies, trusts, societies, etc.
the duly completed Ballot Form should be accompanied by a certified
true copy of the relevant Board Resolution/Authorization.
4) Votes should be cast in case of each resolution, either in favour or
against by putting the tick (v) mark in the column provided in the
Ballot.
5) The voting rights of shareholders shall be in proportion of the
shares held by them in the paid up equity share capital of the Company
as on 19th September, 2015 as per the Register of Members of the
Company.
6) Duly completed Ballot Form should reach the Scrutinizer not later
than 25th September, 2015 (5:00 p.m. IST). Ballot Form received after
this date will be strictly treated as if the reply from the Members has
not been received.
7) A Member may request for a duplicate Ballot Form, if so required.
However, duly filled in and signed duplicate Form should reach the
Scrutinizer not later than the date and time specified in serial no. 6
above.
8) Unsigned, incomplete, improperly or incorrectly tick marked Ballot
Forms will be rejected. A Form will also be rejected if it is received
torn, defaced or mutilated to an extent which makes it difficult for
the Scrutinizer to identify either the Member or as to whether the
votes are in favour or against or if the signature cannot be verified.
9) The decision of the Scrutinizer on the validity of the Ballot Form
and any other related matter shall be final.
10) The results declared along with Scrutinizer's Report, shall be
placed on the Company's website: www.vaghanitechnobuild.com and on the
website of the Central Depository Securities Limited within two days of
the passing of the Resolutions at the AGM of the Company on Saturday,
the 26th September, 2015 and communicated to the BSE Limited, where the
shares of the Company are listed.
Mar 31, 2014
Note No 1. Terms/Rights attached to equity shares
(A) The company has only one class of equity shares having a par value
of Rs. 10 per share. Each holder of equity shares is entitled to one
vote per share. The dividend proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing Annual
General Meeting.
(B) In the event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the Company,
after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the
shareholders.
Note No. 2.
The Company has not received information from vendors regarding their
status under the Micro, Small and Medium Enterprises Development
Act,2006 and hence disclosures relating to amounts unpaid as at the
year end together with interest paid / payable under this Act, have not
been given. The same has been relied upon by the Auditors.
Advance given to Suppliers include Rs. 65,00,000 (Previous year:
65,00,000) outstanding since long but no provision has been made as the
Management is hopeful of recovery.
3. (A) CONTIGENT LIABILITY
Particulars As at As at
March 31, 2014 March 31, 2013
Disputed Income Tax Liability 81,96,021 67,25,748
81,96,021 67,25,748
4. The Company is engaged in the Real Estate related business and
accordingly there are no reportable segments.
5. In the opinion of the Board, Current Assets, Loan and Advances are
of the value stated if realised in the ordinary course of business. The
provision for all known and determined liabilities are adequate and not
in excess of the amounts reasonable required.
6. Balances of the Trade Receivables, Trade Payables, Loans and
Advances are subject to confirmation, reconciliation and consequent
adjustment if any. However, in the opinion of the management such
adjustments, if any, will not be material.
7. Others provisions of Revised Schedule VI are not applicable to the
company.
8. Previous year''s figures have been regrouped/rearranged wherever
necessary to confirm the current presentation as per the Revised
Schedule VI.
Mar 31, 2013
1 RELATED PARTY DISCLOSERS
A. Names of related parties and description of relationship:
1. Key Management Personnel Mr. Kantilal M. Savla (Chairman)
Mr. Bavchandbhai J. Vaghani (Director)
2. Entities where Key Management Personnel and their relatives have
control or significant influence.
Integrated Spaces Ltd. (Erstwhile Shah Construction Co.)
Pranay Investment
Integrated Coreinfra Ltd.
Integrated Estate Management Pvt. Ltd.
Pranay Properties
Pranay Realtors
Rehab Pranay Developers
R.K. Enterprises
Savla Associates
Nagi sales International
Integrated Realty Projects
Pranay Leela Associates
Sadgurukrupa Developers
Peninsula Land Developers Pvt. Ltd.
Satyam Concast Pvt. Ltd.
2 The Company is engaged in the Real Estate related business and
accordingly there are no reportable segments.
3 In the opinion of the Board, Current Assets, Loan and Advances are
of the value stated if realised in the ordinary course of business. The
provision for all known and determined liabilities are adequate and not
in excess of the amounts reasonable required.
4 Balances of the Trade Receivables, Trade Payables, Loans and
Advances are subject to confirmation, reconciliation and consequent
adjustment if any. However, in the opinion of the management such
adjustments, if any, will not be material.
5 Others provisions of Revised Schedule VI are not applicable to the
company.
Previous year''s figures have been regrouped/rearranged wherever
necessary to confirm the current presentation as per the Revised
Schedule VI.
6 Previous year figures have been regrouped and rearranged wherever
considered necessary to make them comparable with those of the current
year.
The Cash Flow Statement has been prepared under the "Indirect Method"
set out in Accounting Standard 3
"Cash Flow Statement" issued by the Institute of Chartered
Accountants of India.
Mar 31, 2012
1. SHARE CAPITAL
Note No 1.2 Terms/Rights attached to equity shares:
(A) The company has only one class of equity shares having par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share. The dividend proposed by the Board of Directors is subject
to the approval of the shareholders in the ensuing Annual General
Meeting.
(B) In the event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the company,
after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the
shareholders.
2. TRADE PAYABLES
Note No. 2.1
The company has not received information from vendors regarding their
status under the Micro, Small and Medium Enterprises Development Act,
2006 and hence disclosures relating to amounts unpaid as at the year
end together with interest paid/payable under this Act have not been
given. The same has been relied upon by the Auditors.
3. FIXED ASSETS
Note no 3.1
Accounting Policy of Fixed Assets & Depreciation/Amortisation
(A) Fixed Assets are stated at cost less accumulated depreciation. Cost
comprises of the purchase price and any attributable cost of bringing
the asset to its working condition for its intended use.
(B) Depreciation has been provided on Written Down Value at rates
prescribed in Schedule XIV to Companies Act, 1956. Depreciation on
assets Added/Disposed off during Year has been provided on a Pro-rata
basis with reference to month of additions/deduction. Depreciation has
been provided for full month ignoring part of month.
Note No 3.2
During previous year, the company has converted fixed assets consisting
of Land and Building of Rs. 5,97,09,420/-(Gross) into Inventory
pursuant to the order of Income Tax Department. Accordingly accumulated
depreciation of Rs. 2,24,77,105 has been written back and credited to
Statement of Profit & Loss during the previous year.
4. INVENTORIES
Note No 4.1
Accounting Policy of Inventories Valuation
TDR Stock and Industrial Units are valued at lower of Cost and Net
Realisable Value. Cost is receivable at on basis of specific
identification method.
5. TRADE RECEIVABLES
Note No. 5.1
The company has old trade receivable amounting to Rs. 98,98,024/-
(previous Year Rs. 1,08,98,024/-). However no provision for doubtful
debts is made as the management is hopeful of recovery.
6. (A) CONTINGENT LIABILITY
Particulars As at As at
March 31, 2012 March 31, 2011
Disputed Income Tax Liability 2,22,010 -
Guarantees given - -
2,22,010 -
(B) COMMITMENTS
Particulars As at As at
March 31, 2012 March 31, 2011
Estimated Amounts of Contract
remaining to be executed 1,93,92,000 1,93,92,000
on capital account and not
provided for 1,93,92,000 1,93,92,000
Total (A B) 1,96,14,010 1,93,92,000
7. REVENUE FROM OPERATIONS
Note No 7.1
Accounting Policy of Revenue Recognition
Transfer of Development Rights Sale is recognised after entering into
an agreement with the Purchaser of the Transfer of Development Rights.
8. RELATED PARTY DISCLOSURES
A. Names of related parties and description of relationship:
1. Key Management Personnel Mr. Kantilal M. Savla (Chairman)
Mr. Bavchandbhai J. Vaghani (Director)
2. Entities where Key Management Personnel and their relatives have
control or significant influence. Integrated Spaces Limited.
(Erstwhile Shah Construction Co.)
9. Tax for earlier year includes Rs. 56,48,872 towards short provision
for Income Tax for earlier years
10. The Company is engaged in the Real Estate related business and
accordingly there are no reportable segments.
11. In the opinion of the Board, Current Assets, Loan and Advances are
of the value stated if realised in the ordinary course of business. The
provision for all known and determined liabilities are adequate and
not in excess of the amounts reasonable required.
12. Balances of the Trade Receivables, Trade Payables, Loans and
Advances are subject to confirmation, reconciliation and consequent
adjustment if any. However, in the opinion of the management such
adjustments, if any, will not be material.
13. Others provisions of Revised Schedule VI are not applicable to the
company.
14. Previous year's figures have been regrouped/rearranged wherever
necessary to confirm the current presentation as per the Revised
Schedule VI.
Mar 31, 2011
1) Estimated amount of contracts Rs..1,93,92,333/- remaining to be
executed on capital account.
2) Earnings Per Share (EPS):
As required by Accounting Standard-AS 20 "Earnings Per Share" issued by
the Institute of Chartered Accountants of India", the Earnings Per
Share (EPS) is calculated by dividing the profit attributable to the
Equity Shareholders by the average number of Equity Shares outstanding
during the year and is ascertained as follows.
3) Tax for earlier year includes Rs.56,48,872 towards short provision for
Income Tax for earlier years.
4) The Company is engaged in the Real Estate related business and
accordingly there are no Segments.
5) In the opinion of the Board, Current Assets, Loans and Advances are
of the value stated if realized in the ordinary course of business. The
provisions for all known and determined liabilities are adequate and
not in excess of the amounts reasonably required.
6) Balances of the Sundry Debtors, Creditors, Loans and Advances are
subject to confirmation, reconciliation and consequent adjustment if
any. However, in the opinion of the management such adjustments, if
any, will not be material.
7) The Company has not received information from vendors regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosures relating to amounts unpaid as at the
year-end together with interest paid/payable under this Act, have not
been given. The same has been relied upon by the Auditors.
8) The provision of Clause 4C of Part II of Schedule VI of the
Companies Act, 1956 are not applicable to the company.
9) During the year, the company has converted fixed assets consisting
of Land and Building of Rs..5,97,09,420/- (Gross) into Inventory pursuant
to the order of Income Tax Department. Accumulated depreciation of Rs.
2,24,77,105 has been written back during the year, due to which the
profit for the year is overstated by Rs. 2,24,77,105/- & consequently
the reserves.
10) The company has old debtors amounting to Rs. 1,08,98,024. However no
provision for doubtful debts is made as the management is hopeful of
recovery.
11) Previous Years Figure have been regrouped and rearranged wherever
necessary. As per our report of even date
Mar 31, 2010
1) Details of Related Party transactions:
Key Management Personnel
Mr. Bavchandbhai J Vaghani Director
Mr. Govind J Vaghani Director
Mr. Kantilal M Savla Chairman
Late Ms. Pratiksha P Gala Director (till 7th March, 2010)
Enterprise over which Key managerial Personnel or relative of key
Management personnel able to exercise significant influence:
Satyam Concast Private limited
Integrated Spaces Limited
Pranay Investment
Pranay Leasing & Finance Limited
Integrated Coreinfra Limited
Integrated Estate Management Private Limited
Integrated Renewable Energy Private Limited
Pranay Properties
Pranay Realtors
Pranay leela Associates
Rehab Pranay Developers
R.K. Enterprises
Savla Associates
Nagi sales International
2) Tax for earlier year includes Rs. (1,416,761/-) towards difference in
deprecation as per Books and Income Tax & Rs.339,221/- [Net of Minimum
Alternate Tax credit of Rs. (1,611,503/-)] towards Income Tax
3) The Company is engaged in the Real Estate related business and
accordingly there are no Segments.
4) In the opinion of the Board, Current Assets, Loans and Advances are
of the value stated if realized in the ordinary course of business. The
provision for all known and determined liabilities are adequate and not
in excess of the amounts reasonably required.
5) Balances of the Sundry Debtors, Creditors, Loans and Advances are
subject to confirmation, reconciliation and consequent adjustment if
any. However, in the opinion of the management such adjustments, if
any, will not be material.
6) The Company has not received information from vendors regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosures relating to amounts unpaid as at the
year-end together with interest paid/payable under this Act, have not
been given. The same has been relied upon by the Auditors.
7) The provision of Clause 4C of Part II of Schedule VI of the
Companies Act, 1956 are not applicable to the company.
8) Previous Years Figure have been regrouped and rearranged wherever
necessary.
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