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Notes to Accounts of Athena Constructions Ltd.

Mar 31, 2016

NOTE - 2: Other Notes to Accounts.

1. There are no dues to micro and small enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 which are outstanding as at the Balance Sheet date.

2. Previous Yearâs figures have been regrouped /reclassified wherever necessary to confirm to the current yearâs classification.

3. Balances of Sundry Debtors, Sundry Creditors, Secured and Unsecured Loans and Advances from banks, financial institutions and others have been confirmed except for the balance with the Ultratech Cements ltd which is subject to confirmation and reconciliation.

4. Rupees 2 Crores has been given to the Contractor for the Redevelopment of Anand Cinema Jodhpur, but due to some unavoidable circumstances the process of re-development has been halted till date.

5. Related Party Disclosures :

a. Related parties with whom the Company had transactions during the year:

i. Enterprise controlled by Key Management Personnel & their relative: -

1. Athena Advisory Services Pvt. Ltd.

2. Athena Wealth Advisors Pvt. Ltd.

ii. Key Management Personnel :-

1. Ravikant Rathi (Director)

2. Santosh Chandrashekhar Nagar

3. Hitesh Pithadia

iii. Relatives of Key Management Personnel :-

1. Shashikant Rathi

2. Arun Rathi

3. Archana Rathi

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