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Notes to Accounts of Woodsvilla Ltd.

Mar 31, 2014

1. Share Capital

Note:-

(i) Reconciliation of Opening and closing outstanding No of shares. Details to be given for each class of shares separately for Issued, Subscribed and fully paid up and Subscribed but not fully paid up, as applicable.

2. Long-term Borrowings

(Rate of interest of Borrowings for Rs. 7.82 lacs is @11% p.a., and amount is re-payable after 2 Years).

Additional Notes to the Financial Statements

(i) The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/disclosure.

(ii) The Government of India promulgated the Micro, Small and Medium Enterprises Development Act, 2006, which came into force with effect from October 02, 2006. As per the Act, the Company is required to identify the Micro, Small and Medium suppliers and pay them interest on over-dues beyond the specified period, irrespective of the terms agreed upon with those suppliers.

There is no interest paid/payable during the year by the Company to the suppliers covered under Micro,Small, Medium Enterprises Development Act, 2006.

The above information takes into account only those suppliers who have responded to the enquiries made by the Company for this purpose. However, according to the Company estimates, there is no liability of interest to such suppliers.

(iii) Segment Reporting : based on the guiding principles given in Accounting Standard on Segment Reporting (AS-17), the Company''s primary business segment is Hospitality. As the Company''s business activity falls within a single primary business segment, the disclosure requirements of AS-17 in this regard are not applicable.

(iv) Additional information pursuant to the provisions of clauses 3.4, and 4D of part II of Schedule VI to the Companies Act, 1956. to the extent applicable:

With regard to clause 3(ii) of part II of Schedule VI to the Companies Act, 1956, in respect of its activities related to sale and purchase of securities held as stock-in-trade, the Company does not fall under the category of clause 3(ii)(a) "Manufacturing Company" or clause 3(ii)(b) "Trading Company" or clause 3(ii)(c) "Company rendering or supplying services" but falls under the category "Other Companies" as given in clause 3(ii)(e). As such, quantitative data for opening and closing stock, purchases and sales have not been given.

(v) Related Party Disclosures under Accounting Standard (AS-18)

(a) Names of the Related Parties

(i) Where control exists:

The Company did not have any holding or subsidiary company during the year.

(ii) Other related parties with whom there are transactions during the year Associates.

Key Management Personnel

Dr. Mrs. Meena Aggarwal (Director)

Mrs. Shakuntala Rani (Director)

Mr. Vipin Aggarwal (Director)

Relatives of Key Management Personnel

Vipin Aggarwal & Sons HUF

Aadeesh Aggarwal

Enterprises over which Key Management Personnel or their relative has significant influence.

Cost Plus Travels Pvt Ltd

Keshav Leasing Private Limited

Pravik Estates Pvt Ltd

Genesis Properties Private Limited

Club 9 Vacations Private Limited

Club 9 Holidays Private Limited

Mangosteen Private Limited

AVI Exim Pvt Ltd

Avsarr Quest Pvt Ltd

Fusion Suites Private Limited

Neset Consultants Private Limited

Shri Sai Kirpa Society

Vipin Aggarwal & Associates

(vi) There are no disputed dues of wealth tax, service tax, income tax which have not been deposited by the Company.

(vii) The Company has received advances against sale of residency apartments (as part of hotel project) from the prospective buyers. The amounts have been treated as "advance for apartments" (part of hotel project) under the head other current liabilities.

The said amount remains "unpaid" despite of final demand due from them and as such on these flats due to unpaid demand part of work of sanitary, electrical and finishing has also been kept pending besides registration of sale deed.

(viii) Previous year figures have been regrouped/recast wherever found necessary to make them comparable with those of the current year.

(ix) Balances shown under Trade Receivables, Trade Payables and advances are subject to confirmation and reconciliation with the respective parties.


Mar 31, 2013

Additional Notes to the Financial Statements

(i) The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure

(ii) The Government of India promulgated the Micro, Small and Medium Enterprises Development Act, 2006, which came into force with effect from October 02, 2006. As per the Act, the Company is required to identify the Micro, Small and Medium suppliers and pay them interest on overdoes beyond the specified period, irrespective of the terms agreed upon with those suppliers.

There is no interest paid/payable during the year by the Company to the suppliers covered under Micro, Small, Medium Enterprises Development Act, 2006.

The above information takes into account only those suppliers who have responded to the enquiries made by the Company for this purpose. However, according to the Company estimates, there is no liability of interest to such suppliers.

(iii) Managerial remuneration: No remuneration was paid to any director during the relevant year.

(iv) Segment Reporting : based on the guiding principles given in Accounting Standard on Segment Reporting (AS-17), the Company''s primary business segment is Hospitality. As the Company''s business activity falls within a single primary business segment, the disclosure requirements of AS-17 in this regard are not applicable

(v) Additional information pursuant to the provisions of clauses 3.4, and 4D of part II of Schedule VI to the Companies Act, 1956. to the extent applicable :

(a) With regard to clause 3(ii) of part II of Schedule VI to the Companies Act, 1956, in respect of its activities related to sale and purchase of securities held as stock-in-trade, the Company does not fall under the category of clause 3(ii)(a) "Manufacturing Company" or clause 3(ii)(b) "Trading Company" or clause 3(ii)(c) " Company rendering or supplying services" but falls under the category " Other Companies" as given in clause 3(ii)(e). As such, quantitative data for opening and closing stock, purchases and sales have not been given.

(vi) Related Party Disclosures under Accounting Standard (AS-18)

(a) Names of the Related Parties

(i) Where control exists:

The Company did not have any holding or subsidiary company during the year.

(Vii) Other related parties with whom there are transactions during the year Associates

Key Management Personnel

Dr. Mrs. Meena Aggarwal (Director)

Mrs. Shakuntala Rani (Director)

Mr. Vipin Aggarwal (Director)

Relatives of Key Management Personnel

Vipin Aggarwal & Sons HUF Aadeesh Aggarwal

Enterprises over which Key Management Personnel or their relative has significant influence

Cost Plus Travels Pvt Ltd

Keshav Leasing Private Limited

Pravik Estates Pvt Ltd

Genesis Properties Private Limited

Club 9 Vacations Private Limited

Club 9 Holidays Private Limited

Mangosteen Private Limited

AVI Exim Pvt Ltd

Avsarr Quest Pvt Ltd

Fusion Suites Private Limited

Neset Consultants Private Limited

Shri Sai Kirpa Society Vipin Aggarwal & Associates

(Viii) There are no disputed dues of wealth tax, service tax, income tax which have not been deposited by the Company.

(ix) The Company has received advances against sale of residency apartments (as part of hotel project) from the prospective buyers. The amounts have been treated as "advance for apartments" (part of hotel project) under the head other current liabilities.

The said amount remains "unpaid" despite of final demand due from them and as such on these flats due to unpaid demand part of work of sanitary, electrical and finishing has also been kept pending besides registration of sale deed.

(x) Previous year figures have been regrouped/recast wherever found necessary to make them comparable with those of the current year.

(xi) Balances shown under Trade Receivables, Trade Payables and advances are subject to confirmation and reconciliation with the respective parties.


Mar 31, 2010

1. Contingent Liabilities not provided for in the accounts in relation to construction work at the apartments at the Resort in Ranikhet Rs. 15.00 lacs.

2. The Government of India promulgated the Micro, Small and Medium Enterprises Development Act, 2006, which came into force with effect from October 02, 2006. As per the Act, the Company is required to identify the Micro, Smalland Medium suppliers and pay them interest on overdues beyond the specified period, irrespective of the terms agreed upon with those suppliers.

There is no interest paid/payable during the year by the Company to the suppliers covered under Micro,Small, Medium Enterprises Development Act, 2006.

The above information takes into account only those suppliers who have responded to the enquiries made by the Company for this purpose.However, according to the Company estimates, there is no liability of interest to such suppliers.

3. Managerial remuneration: No remuneration was paid to any director during the relevant year.

4. Segment Reporting : based on the guiding principles given in Accounting Standard on Segment Reporting (AS- 17), the Companys primary business segment is Hospitality. As the Companys business activity falls within a single primary business segment , the disclosure requirements of AS-17 in this regard are not applicable.

5. Additional information pursuant to the provisions of clauses 3.4, and 4D of part II of Schedule VI to the Companies Act, 1956. to the extent applicable :

(a) With regard to clause 3(ii) of part II of Schedule VI to the Companies Act, 1956, in respect of its activities related to sale and purchase of securities held as stock-in-trade, the Company does not fall under the category of clause 3(ii)(a) "Manufacturing Company" or clause 3(ii)(b) "Trading Company" or clause 3(ii)(c) " Company rendering or supplying services" but falls under the category " Other Companies" as given in clause 3(ii)(e). As such, quantitative data for opening and closing stock, purchases and sales have not been given.

6. Related Party Disclosures under Accounting Standard (AS-18) (i) Names of the Related Parties

(A) Where control exists: The Company did not have any holding or subsidiary company during the year.

(B) Other related parties with whom there are transactions during the year

Associates

Key Management Personnel

Dr. Mrs. Meena Aggarwal (Director) Maj. Gen. Virendra Singh (Director) Mrs. Shakuntala Rani (Director)

Relatives of Key Management Personnel

Vipin Aggarwal & Sons HUF Aadeesh Aggarwal

Enterprises over which Key Management Personnel or their relative has significant influence

Cost Plus Travels Private Limited Keshav Leasing Private Limited Pravik Estates Private Limited Genesis Properties Private Limited Club 9 Vacations Private Limited Mangosteen Private Limited Club 9 Holidays Private Limited AVI Exim Private Limited Avsarr Quest Private Limited Fusion Suites Private Limited Neset Consultants Private Limited Vipin Aggarwal & Associates

7. There are no disputed dues of wealth tax, service tax, income tax which have not been deposited by the Company.

8. Previous year figures have been regrouped/recast wherever found necessary to make them comparable with those of the current year.

9. Balances shown under debtors, creditors and advances are subject to confirmation and reconciliation with the respective parties.


Mar 31, 2009

1. Balances in parties accounts are subject to confirmation from the respective parties.

2. Previous year figures have been regrouped/recast wherever found necessary to make them comparable with those of the current year.

3 Segment Reporting : The Company has stopped undertaking finance business Its major portion of income is derived from Resort operations only.

4 Contingent Liabilities: Estimated amounts of contracts remaining to be executed and not provided for in the accounts are Rs 17.00 lacs on account for construction of flats at Ranikhet.

5 Additional information pursuant to the provisions of clauses 3.4, and 4D of part II of Schedule VI to the Companies Act, 1956. to the extent applicable :

(a) With regard to clause 3(ii) of part II of Schedule VI to the Companies Act, 1956, in respect of its activities related to sale and purchase of securities held as stock-in-trade, the Company does not fall under the category of clause 3(ii)(a) "Manufacturing Company" or clause 3(ii)(b) "Trading Company" or clause 3(ii)(c)" Company rendering or supplying services" but falls under the category " Other Companies" as given in clause 3(ii)(e). As such, quantitative data for opening and closing stock, purchases and sales have not been given.

6 The Government of india has promulgated the Micro, Small and Medium Enterprises Development Act, 2006, which came into force with effect from October 02, 2006 as per the Act, the Company is required to identify the Micro, Small and Medium suppliers and pay them interest on overdues beyond the specified period, irrespective of the terms agreed upon with those suppliers. The Company has initiated the process of idenification of such suppliers. However, according to the Company estimates, there is no liability of interest to such suppliers.

7 Related Party Disclosures

A Related parties with whom transactions have taken place during the year as identified by the management are given below : (a) Key Management Personnel and their relatives :

Mr. Vipin Aggarwal

Dr. (Mrs.) Meena Aggarwal

Mr. Aadeesh Aggarwal (son of Mr. Vipin Aggarwal)

Mrs. Shakuntala Rani

(b) Enterpirses over which Key Management Personnel and their relatives

have significant influence :-

Club9 Vacations Pvt. Ltd.

AVI Exim Pvt. Ltd.

Genesis Properties Pvt. Ltd.

Cost Plus Travels Pvt. Ltd.

Keshov Leasing Pvt. Ltd

Pravik Estate Pvt. Ltd.

 
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