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Notes to Accounts of Zodiac Ventures Ltd.

Mar 31, 2015

1. Segment Reporting

The company operates in a single line of business i. e. Real Estate and Real Estate Development and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Accounting Standard 17 "Segment Reporting".

2. Related Party Disclosures

a) List of Related Parties where control exists and Related Parties with whom transactions have taken place and Relationships:-

i. Subsidiary Company:-

Zodiac Developers Private Limited

ii. Key Management Personnel (KMP):-

Ramesh V. Shah (Chairman) Jimit Ramesh Shah (Managing Director) Vipul Khona (Chief Financial Officer) Avinash Agarwal (Company Secretary)

Mi. Relative of Key Management Personnel (Relative of KMP):-

Sunita J Shah

The Company does not have any pending litigations at the end of the year, which would have any negative impact on its financial position.

3. Disclosures required U/s 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There are no dues outstanding to Micro and Small Enterprises.

4. Proposed Scheme of Amalgamation

The Board of Directors of the Company approved the Proposed Scheme of Amalgamation of Zodiac Ventures Limited with Zodiac Developers Private Limited, pursuant to Sections 391 to 394 of the Companies Act, 1956 read with Section 52 of the Companies Act, 2013 and Sections 100 to 103 of the Companies Act, 1956 and other applicable provisions of the Companies Act, 1956 in its meeting dated 26th March, 2015. Application has been made to Bombay Stock Exchange under Clause 24(f) of the Listing Agreement and is pending for approval from SEBI.

5. Previous Year Figures

Previous year's figures have been re-grouped and / or reclassified wherever necessary to made comparable with current year.


Mar 31, 2013

1.1 Segment Reporting

The company operates in a single line of business i. e. Real Estate and Real Estate Development and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Accounting Standard 17 "Segment Reporting".

1.2 Related Party Disclosures

a) List of Related Parties where control exists and Related Parties with whom transactions have taken place and Relationships:-

i. Subsidiary Company:-

Zodiac Developers Private Limited

ii. Key Management Personnel (KMP):-

Ramesh V Shah

Jimit Ramesh Shah

iii. Relative of Key Management Personnel (Relative of KMP):-

Pushpa R. Shah

Sunita J Shah

YeshaRShah

1.3 Contingent Liabilities And Commitments (to the Extent Not Provided For)

Particulars 31.03.13 31.03.12 Commitments:

Uncalled Liability on shares Partly 4,42,00,000 13,52,00,000 paid of Subsidiary Company (Zodiac Developers Private Limited)

Total 4,42,00,000 13,52,00,000

1.4 Disclosures required U/s 22 of the Micro, Small and Medium Enterprises Development Act,

There are no dues outstanding to Micro and Small Enterprises.

1.5 Previous Year Figures

Previous year''s figures have been re-grouped and / or reclassified wherever necessary to made comparable with current year.


Mar 31, 2012

The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/-. Each holder of equity shares is entitled to one vote per share.

The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

During the year ended 31 March 2012, the amount of per share dividend recognized as distributions to equity shareholders was Rs. 1.30 (31 March 2011 Rs. 1.20)

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 attribution 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.

1.1 Segment Reporting

The company operates in a single line of business i. e. Real Estate and Real Estate Development and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Accounting Standard 17 "Segment Reporting".

1.2 Related Party Disclosures

a) List of Related Parties & Relationship:-

i. Subsidiary Company:-

Zodiac Developers Private Limited

ii. Associate/Enterprises where control/significant influence exists :-

Zodiac Developers Private Limited

Money Master Leasing & Finance Private Limited

iii. Key Management Personnel (KMP):-

Ramesh V Shah Jimit Ramesh Shah Hozef Darukhanwala

1.3 Contingent Liabilities And Commitments (to the Extent Not Provided For)

Particulars 31.03.12 31.03.11

Commitments :

Uncalled Liability on Shares Partly Paid of Subsidiary Company (Zodiac 13,52,00,000 13,52,00,000 Developers Private Limited)

Total 13,52,00,000 13,52,00,000

1.4 Disclosures required U/s 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There are no dues outstanding to Micro and Small Enterprises.

1.5 Previous Year Figures

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 yearRs.s figures have been regrouped / reclassified wherever necessary to correspond with the current yearRs.s classification / disclosure.


Mar 31, 2011

1 Segment Reporting

The company operates in a single line of business i.e. Real Estate and Real Estate Development and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Accounting Standard 17 "Segment Reporting"

2 Contingent Liability and Event Occurring After Balance Sheet Date Uncalled Premium on Shares of Zodiac Developers amounting to Rs.13,52,00,000/-

The management of the company does not anticipate any contingent liability having material effect on financial statements at the yearend other than stated above

To the best of knowledge of the management, there are no events occurring after Balance Sheet date that provides additional information materially affecting the determination of the amounts relating to conditions existing at the balance sheet date that requires adjustment to the assets and liabilities.

3 Current Assets/Current Liabilities

In the opinion of the Directors of the Company the Current Assets and loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which items are stated in the Balance Sheet.

Loans and advances and Creditors are subject to confirmation from parties and necessary adjustment if any to be made on receipt of such confirmation.


Mar 31, 2010

1. Earning Per Shares (EPS) has been calculated on the basis of the net profit earned after considering the current tax payable for the year.

2. The company is not an Investment Company as defined under the Reserve Bank of India Act. 1934. It has not accepted any deposit from the public. The company has made an application for exemption from it being registered with the Reserve Bank of India as Non Banking Financial Company and the same is pending.

3. Previous years figures have been re-grouped and reclassified wherever necessary for comparative presentation.

II. Additional information pursuant to provisions of Part 1 and paras 3.40, 40 of Part II of schedule VI to the Companies Act. 1956 are not applicable.

 
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