Mar 31, 2018
NOTE 2:- NOTES ON ACCOUNTS
2.01 Investments |
|||
Particulars |
31.03.18 |
31.03.17 |
01.04.16 |
Investments measured at Cost In Equity Shares of Subsidiary Company |
- |
||
Unquoted, fully paid up 6,24,00,000 (P.Y. 6,24,00,000) Equity Shares of Zodiac Developers Private Limited of Rs. 1/- each fully paid up. |
15,60,00,000 |
15,60,00,000 |
15,60,00,000 |
Total |
15,60,00,000 |
15,60,00,000 |
15,60,00,000 |
2.02 Loans |
|||
Particulars |
31.03.18 |
31.03.17 |
01.04.16 |
Unsecured, Considered Good :- |
|||
Security Deposit:- |
- |
||
Rental Deposits |
6,39,000 |
6,39,000 |
6,39,000 |
Total |
6,39,000 |
6,39,000 |
6,39,000 |
2.03 Trade Receivable |
|||
Particulars |
31.03.18 |
31.03.17 |
01.04.16 |
Unsecured, Considered Good :- |
|||
Over Six Months |
- |
- |
- |
Others |
1,08,000 |
21,00,000 |
- |
Total |
1,08,000 |
21,00,000 |
- |
2.04 Cash And Bank Balances |
|||
Particulars |
31.03.18 |
31.03.17 |
01.04.16 |
(i) Cash and Cash Equivalents |
|||
Balances with Banks |
69,992 |
93,086 |
20,844 |
Cash-on-Hand |
2,10,304 |
1,60,304 |
1,59,446 |
2,80,296 |
2,53,390 |
1,80,290 |
|
(ii) Other Bank Balances |
|||
Unclaimed Dividend Account |
2,27,083 |
2,06,070 |
2,05,898 |
2,27,083 |
2,06,070 |
2,05,898 |
|
Total |
5,07,379 |
4,59,460 |
3,86,188 |
2.05 Current Tax Assets |
|||
Particulars |
31.03.18 |
31.03.17 |
01.04.16 |
Income Tax Refund (Net of Tax) |
19,13,050 |
10,87,100 |
9,90,980 |
IDS on advance received from customers |
1,50,000 |
- |
9,00,000 |
Total |
20,63,050 |
10,87,100 |
18,90,980 |
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.