Mar 31, 2015
1. Corporate Information:
Le Waterina Resorts & Hotels Limited is a Public Limited Company, which
was incorporated on 28th July 1987 in the name of Harringtons
Construction and Industries Limited and later on name change. The
Shares of the Company are listed on Bombay Stock Exchange. The Company
is primarily engaged in the Hotel Business through its "Lewaterina
Resorts and Spa" a three star Resort situated in Sriperambudur and
"Lewaterina, the Boutique Hotel" a two star Hotel situated in Chennai.
2. CONTINGENT LIABILITIES
A. i. On account of demand by Income Tax Department
of wealth Tax for two years : Rs. 49,941 (Rs.49,941)
ii On account of demand for additional charges by Hire Purchase Finance
Company and disputed by the company : Rs. 9,207 (Rs.9,207)
B. The company has not accepted the demand by a secured creditor to
the extend of Rs. 9207(9,207/-) towards various charges and the same is
under dispute for which no provision has been made in the books of
accounts.
The company has filed wealth tax returns with no liability towards
wealth tax for assessment year 1990-91 to 1992-93 for Rs.
49,941(49,941). The same has been contested by the company before
appellate authorities.
3. OTHERS
4. Confirmation of balances has not been received in respect of current
liabilities and provisions current assets and loans and advances.
5. No employee had received remuneration in excess of the amount
specified in the rules U/s 217(2A) of the Companies Act, 1956
6. Figures have been rounded off to the nearest Rupee.
7. Figures of the previous years have been regrouped wherever
necessary to confirm to the current year presentation.
8. Figures in the brackets represent previous year figures.
9. There are no Micro and Small Enterprises, to whom the Company owes
dues, which are outstanding for more than 45 days as at March 31,2015.
This is information as required to be disclosed under "The Micro, Small
and Medium Enterprises Development Act, 2006" (the act) has been
determined to the extent such parties have been identified on the basis
of information available with the company.
10. Secured Loan :
Term loan and Overdaft
11. Credit Facility from Vijaya Bank is charged on the Fixed and
Moveable Assets of the Company excepting car which is financed by HDFC
Bank. Further the Managing Director Sanjay Jalan has guaranteed and
offered his properties as collateral to the above said loans.
12. Term loan from HDFC Bank is charged on the car purchased out of the
finance.
Mar 31, 2014
I. CONTINGENT LIABILITIES
A (i) On account of demand by Income Rs.49941/- (Rs.49941/-)
Tax Department of wealth Tax
for two years
(ii) On account of demand for Rs.9207/- (Rs.9207/-)
additional charges by
Hire Purchase Finance Company
and disputed by the company
B
(i) The company has not accepted the demand by a secured creditor to
the extend of Rs. 9207(9,207/-) towards various charges and the same is
under dispute for which no provision has been made in the books of
accounts.
(ii) The company has filed wealth tax returns with no liability towards
wealth tax for assessment year 1990-91 to 1992-93 for Rs.
49,941(49,941). The same has been contested by the company before
appellate authorities.
II. OTHERS
1. Confirmation of balances has not been received in respect of current
liabilities and provisions current assets and loans and advances.
2. No employee had received remuneration in excess of the amount
specified in the rules U/s 217(2A) of the Companies Act, 1956
3. Figures have been rounded of to the nearest Rupee.
4. Figures of the previous years have been regrouped wherever necessary
to confirm to the current year presentation.
5. Figures in the brackets represent previous year figures.
6. There are no Micro and Small Enterprises, to whom the Company owes
dues, which are outstanding for more than 45 days as at March 31,2014.
This is information as required to be disclosed under "The Micro, Small
and Medium Enterprises Development Act, 2006" (the act) has been
determined to the extent such parties have been identified on the basis
of information available with the company.
7. Secured Loan:
Termloan and Overdaft:
a) Credit Facility from Vijaya Bank is charged on the Fixed and
Moveable Assets of the Company excepting can which is financed by HDFC
Bank. Further the Managing Director Sanjay Jaian has guaranteed and
offered his properties as collateral to the above said loans.
b) Termloan from HDFC Bank is charged on the car purchased out of the
finance.
Mar 31, 2013
Corporate Information:
Le Waterina Resorts & Hotels Limited is a Public Limited Company, which
was incorporated on 28th July 1987 in the name of Harringtons
Construction and Industries Limited and later on name change. The
Shares of the Company are listed on Bombay Stock Exchange. The Company
is primarily engaged in the Hotel Business through its "Le Waterina
Resorts and Spa" a three star Resort situated in Sriperambudur and "Le
Waterina, the Boutique Hotel" a two star Hotel situated in Chennai.
CONTINGENT LIABILITIES
A (i) On account of demand by Income Tax Department Of wealth Tax for
two years Rs.49,941 (Rs.49,941)
(ii) On account of demand for additional charges by Hire Purchase
Finance Company and disputed by the company Rs. 9,207 (Rs.9,207)
B (i)The company has not accepted the demand by a secured creditor to
the extend of
Rs.(9,207/-) towards various charges and the same is under dispute for
which no provision has been made in the books of accounts.
The company has filed wealth tax returns with no liability towards
wealth tax for assessment year 1990-91 to 1992-93 for Rs.
49,941(49,941). The same has been contested by the company before
appellate authorities.
OTHERS
Confirmation of balances has not been received in respect of current
liabilities and provisions current assets and loans and advances.
No employee had received remuneration in excess of the amount specified
in the rules U/s 217(2A) of the Companies Act, 1956
1. There are no Micro and Small Enterprises, to whom the Company owes
dues, which are outstanding for more than 45 days as at March 31,2013.
This is information as required to be disclosed under "The Micro, Small
and Medium Enterprises Development Act, 2006" (the act) has been
determined to the extent such parties have been identified on the basis
of information available with the company.
2. Secured Loan : Termloan and Overdaft:
a) Credit Facility from Vijaya Bank is charged on the Fixed and
Moveable Assets of the Company excepting car which is financed by HDFC
Bank. Further the Managing Director, Sanjay Jalan has guaranteed and
offered his properties as collateral to the above said loans.
b) Termloan from HDFC Bank is charged on the car purchased out of the
finance.
3. Earnings per share (E.P.S.) under accounting standard 20
Mar 31, 2012
I. CONTINGENT LIABILITIES
A (i) On account of demand by Income Tax Department
Of wealth Tax for two years Rs.49,941 (Rs.49,941)
(ii) On account of demand for additional
charges by Hire
Purchase Finance Company and disputed by the
company Rs.9,207 (Rs.9,207)
B (i) The company has not accepted the demand by a secured creditor to
the extend of Rs.(9,207) towards various charges and the same is under
dispute for which no provision has been made in the books of accounts.
(ii) The company has filed wealth tax returns with no liability towards
wealth tax for assessment year 1990-91 to 1992-93 for Rs.
49,941(49,941). The same has been contested by the company before
appellate authorities.
II. OTHERS
1. Confirmation of balances has not been received in respect of
current liabilities and provisions current assets and loans and
advances.
2. No employee had received remuneration in excess of the amount
specified in the rules U/s 217(2A) of the Companies Act, 1956
3. Figures have been rounded of to the nearest Rupee.
4. Figures of the previous years have been regrouped wherever
necessary to confirm to the current year presentation.
5. Figures in the brackets represent previous year figures.
6. There are no Micro and Smail Enterprises, to whom the Company owes
dues, which are outstanding for more than 45 days as at March 31,2012.
This is information as required to be disclosed under "The Micro, Small
and Medium Enterprises Development Act, 2006" (the act) has been
determined to the extent such parties have been identified on the basis
of information available with the company.
Mar 31, 2011
I. CONTINGENT LIABILITIES
A (i) On account of demand by Rs.49,941 (Rs.49,941)
Income Tax Department
Of wealth Tax for
two years
(ii) On account of demand for Rs. 9,207 (Rs.9,207)
additional charges by Hire
Purchase Finance Company
and disputed by the
company
B (i) The company has not accepted the demand by a secured creditor to
the extend of Rs. (9,207) towards various charges and the same is
under dispute for which no provision has been made in the books of
accounts.
(ii) The company has filed wealth tax returns with no liability towards
wealth tax for assessment year 1990-91 to 1992-93 for Rs.
49,941(49,941). The same has been contested by the company before
appellate authorities.
II. OTHERS
1. Confirmation of balances has not been received in respect of
current liabilities and provisions current assets and loans and
advances.
2. No employee had received remuneration in excess of the amount
specified in the rules U/s 217(2A) of the Companies Act, 1956
3. Figures have been rounded of to the nearest Rupee.
4. Figures of the previous years have been regrouped wherever
necessary to confirm to the current year presentation.
5. Figures in the brackets represent previous year figures.
6. During the year the Company has acquired licence to run Boutique
hotel at Kottivakkam from Mr. Sanja Jalan, Managing Director of the
company. No licence fees is paid for running of the boutique hotel for
th year ending on 31st March 2011. Mr. Sanjay Jalan has waived licence
fees for period up to 30th Septembe 2011 as the boutique hotel is set
up just now. However the company has credited him with advanc licence
fees for twenty months amounting to Rs.338.00 lakhs during the current
year.
7. There are no Micro and Small Enterprises, to whom the Company owes
dues, which are outstanding for more than 45 days as at March 31,2011.
This is information as required to be disclosed under"The Micro, Small
and Medium Enterprises Development Act, 2006" (the has been
determined and permitted by such parties on the basis of
information available with the company.
Mar 31, 2010
II. CONTINGENT LIABILITIES
A (i) On account of demand by Income Tax Department
Of wealth Tax for two years 49,941 (49,941)
(ii) On account of demand for additional
charges by Hire
Purchase Finance Company and
disputed by the company 9,207 (9,207)
B (i) The company has not accepted the demand by a secured creditor to
the extend of Rs. 9,207/- towards various charges and the same is under
dispute for which no provision has been made in the books of accounts.
(ii) The company has filed wealth tax returns with no liability
towards wealth tax for assessment year 1990-91
to 1992-93 for Rs. 49,941(49,941). The same has been contested
by the company before appellate authorities.
II. OTHERS
1. Confirmation of balances has not been received in respect of
current liabilities and provisions current assets and loans and
advances.
2. No employee had received remuneration in excess of the amount
specified in the rules U/ s 217(2A) of the Companies Act, 1956
3. During the year, the company has charged interest to the
partnership firm in which it is a partner on the balance outstanding as
per the agreement entered into with the firm for a tune of Rs 1508456 /
- as against previous year amount of Rs. 1769348 / -
4. Cash at Non- Schedule Bank : Development Credit Bank : Rs. 83194/-
(Nil) Federal Bank : Rs 713825/- (Nil)
None of the Directors are interested in the above banks.
5. Figures have been rounded of to the nearest Rupee.
6. Figures of the previous years have been regrouped wherever
necessary to confirm to the current year presentation.
7. Figures in the brackets represent previous year figures.
8. During the Year the Company has acquired a three star hotel on a
going concern basis.
RELATED PARTY DISCLOSURE
RELATED PARTY : M/s GRAFEX MACHINERY is a Partnership
Firm in which 90% share was held by Lewaterinal
Resorts and Hotels Ltd
on 31.12.2009 the firm was dissolved as there
was no further business .
Full Investment is realised.
M/S Lewaterina Residences, a three star Hotel
in which Managing
Director is Interested as Owner.
The Key Management Personnel are :
Mr. Sanjayjalan Managing Director
RELATED PARTY : Interest Received From M/s. GRAFEX MACHINERY
TRANSACTIONS COMPANY for Rs. 1508456 /- (Rs 1769348)
Share of Profit From M/s. GRAFEX MACHINERY
COMPANY is Nil (Rs.4832)
Advance paid for taking over management of
three star hotel at
Sriperembadur to M/S Le Waterina Residences
in which the managing
director is interested as owner Rs 55000000/ -,
(represents 20 months
advance). (Nil)
Charges paid for three star hotel to M/S
Lewaterina Residency Rs
8250000/- (Nil)
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