Notes to Accounts of Marg Projects and Infrastructure Ltd.

Mar 31, 2015

Particulars As At As At 31-Mar-15 31-Mar-14 Rs. Rs.

NOTE 1 : CONTINGENT LIABILITIES :

a. Estimated amount of liability on capital contracts - -

b. Other Contingent Liabilities - -

- -



NOTE 2 : DEFERRED TAX LIABILITY :

As per the Accounting Standard (AS 22) laid down by the Institute of Chartered Accountants of India, the Company is required to make a provision for deferred tax liability.

NOTE 3 : OPERATING LEASES:

Total rental charges under cancelable operating lease was Nil (Previous year Nil)

NOTE 4 : INFROMATIONS UNDER MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end together with interest paid / payable under this Act have not been given.

NOTE 5 : SEGMENTAL REPORTING

As the Company has been operating only in one segment both in terms of business and geographical operations, segmental reporting in terms of Accounting Standard 17 is not applicable.

NOTE 6 : RELATED PARTIES DISCLOSURES

a) Key Managerial Personnel (KMP)

G Srinivasa Reddy - Director

b) Individuals having significant influence on the company

i. ) G R K Reddy

ii. ) V P Rajini Reddy

c ) Entities over which individual having significant influence exercise control i) MARG Limited

NOTE 7 :

In accordance with the requirements of Schedule II to the Companies Act, 2013, the company has reassessed the useful lives of the depreciable asset. The depreciation for the year ended 31-Mar-2015 is higher by Rs. 16,44,656/- due to change in useful lives. The exceptional item of Rs. 42,172/- in the Statement of Profit or Loss represents the amount charged off in respect of assets whose rmaining useful life is nil as at 01-Apr-2014.

NOTE 8 : PRESENTATION OF PREVIOUS YEAR'S FIGURES

Previous year's figures have been regrouped / reclassified / rearranged wherever necessary to bring them in conformity with the current year figures.

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Mar 31, 2014

As At As At Particulars 31-Mar-14 31-Mar-13

Rs. Rs.

NOTE 1 : CONTINGENT LIABILITIES :

a. Estimated amount of liability on capital - - contracts

b. Other Contingent Liabilities - -

- -

NOTE 2 : DEFERRED TAX LIABILITY :

As per the Accounting Standard (AS 22) laid down by the Institute of Chartered Accountants of India, the Company is required to make a provision for deferred tax liability.

''During the year an amount of Rs. 52,114 (Previous Year Rs. 53,452) has been written back for deferred tax assets from the profits of the current year. The deferred tax liability outstanding as on 31st March 2014 is Rs.672,273 (Previous Year Rs. 724,387) the details of which are as follows:

NOTE 3 : OPERATING LEASES:

Total rental charges under cancelable operating lease was Nil (Previous year Rs. 2,20,000/-)

NOTE 4 : INFORMATIONS UNDER MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end together with interest paid / payable under this Act have not been given.

NOTE 5 : EMPLOYEE BENEFIT

Since there are no employees in the Company as at 31st March 2013, Gratuity and Leave Encashment provision is not required to be made.

NOTE 6 : SEGMENTAL REPORTING

As the Company has been operating only in one segment both in terms of business and geographical operations, segmental reporting in terms of Accounting Standard 17 is not applicable.

NOTE 7 : RELATED PARTIES DISCLOSURES

a) Key Managerial Personnel (KMP)

G Srinivasa Reddy - Director

b) Individuals having significant influence on the company

i. ) G R K Reddy

ii. ) V P Rajini Reddy

c) Entities over which individual having significant influence exercise control

i) MARG Limited

d) Particulars of transactions with the related parties during the year in the ordinary course of the business :

NOTE 8 : PRESENTATION OF PREVIOUS YEAR''S FIGURES

Previous year''s figures have been regrouped / reclassified / rearranged wherever necessary to bring them in conformity with the current year figures.

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Mar 31, 2013

As At As At Particulars 31-Mar-13 31-Mar-12

NOTE 1 : CONTINGENT LIABILITIES :

a. Estimated amount of liability on capital contracts - -

b. Other Contingent Liabilities - -

NOTE 2 : DEFERRED TAX LIABILITY :

As per the Accounting Standard (AS 22) laid down by the Institute of Chartered Accountants of India, the Company is required to make a provision for deferred tax liability.

NOTE 3 : OPERATING LEASES:

Total rental charges under cancelable operating lease was Rs. 2,20,000/-(Previous year Rs. 2,40,000/-)

NOTE 4 : INFROMATIONS UNDER MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end together with interest paid / payable under this Act have not been given.

NOTE 5 : EMPLOYEE BENEFITS A. Gratuity

i) The Company does not maintain any fund to pay for Gratuity

ii) Amount recognized in the Profit and Loss Account is as under:

B. Leave Encashment

i) The Company doesn''t maintain any fund to pay for leave encashment

ii) Amount recognized in the Profit and Loss Account is as under:

Since there are no employees in the Company as at 31st March 2013, Gratuity and Leave Encashment provision is not required to be made.

NOTE 6 : SEGMENTAL REPORTING

As the Company has been operating only in one segment both in terms of business and geographical operations, segmental reporting in terms of Accounting Standard 17 is not applicable.

NOTE 7 : RELATED PARTIES DISCLOSURES

a) Key Managerial Personnel (KMP)

G Srinivasa Reddy - Director

b) Individuals having significant influence on the company

i.) G R K Reddy

ii.) V P Rajini Reddy

c ) Entities over which individual having significant influence exercise control

i) MARG Limited

NOTE 8 : PRESENTATION OF PREVIOUS YEAR''S FIGURES

Previous year''s figures have been regrouped / reclassified / rearranged wherever necessary to bring them in conformity with the current year figures.

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Mar 31, 2012

NOTE 1 : DEFERRED TAX LIABILITY :

As per the Accounting Standard (AS 22) laid down by the Institute of Chartered Accountants of India, the Company is required to make a provision for deferred tax liability.

During the year an amount of 159,933 has been written back for deferred tax assets from the profits of the current year. The deferred tax liability outstanding as on 31st March 2012 is 777,839 the details of which are as follows:

NOTE 2 : OPERATING LEASES:

Total rental charges under cancelable operating lease was 1240,000/- (Previous year 240,000/-)

NOTE 3 : INFORMATIONS UNDER MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end together with interest paid / payable under this Act have not been given.

NOTE 4 : EMPLOYEE BENEFITS

A. Gratuity

i) The Company does not maintain any fund to pay for Gratuity

B. Leave Encashment

i) The Company doesn't maintain any fund to pay for leave encashment

NOTE 5 : SEGMENTAL REPORTING

As the Company has been operating only in one segment both in terms of business and geographical operations, segmental reporting in terms of Accounting Standard 17 is not applicable.

NOTE 6: RELATED PARTIES DISCLOSURES

a) Key Managerial Personnel (KMP) G S Reddy – Whole Time Director

b) Individuals having significant influence on the Company:

i) GRK Reddy

ii) V P Rajini Reddy

c) Entities over which individual having significant influence having exercise control

i) MARG Limited

d) Particulars of transaction with the related parties during the year in the ordinary course of the business

NOTE 7 : PRESENTATION OF PREVIOUS YEAR'S FIGURES

Previous year's figures have been regrouped / reclassified / rearranged wherever necessary to bring them in conformity with the current year figures.

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Mar 31, 2010

1. Contingent Liabilities

a) Estimated amount of liability on capital con- tracts : Rs.3,069,200 (Previous year: Nil)

b) Other contingent liabilities: Nil (Previous year: Nil)

2. Deferred Tax Liability

As per the Accounting Standard (AS 22) laid down by the Institute of Chartered Accountants of India, the Company is required to make a provision for deferred tax liability.

3. Balances of Sundry Debtors, Sundry Creditors and other balances are subject to confirmation by the parties.

4. The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Develop- ment Act, 2006 and hence disclosures relating to amounts unpaid as at the year end together with interest paid / payable under this Act have not been given.

5. Related Parties Disclosures

a) Key Managerial Personnel:

G S Reddy - Whole Time Director

b) Individuals having significant influence on the Company:

1. G R K Reddy

2. V P Rajini Reddy

6. All the figures of income, expenditure and Net Profit after tax for the period are from the business activities as reflected by the new name.

7. Previous years figures have been regrouped / reclassified / rearranged wherever necessary to bring them in conformity with the current year figures.

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Mar 31, 2009

1. Contingent Liabilities: Nil (Previous Year: Nil)

2. Estimated amount of liability on capital contracts: Nil (Previous year: Nil)

3. Deferred Tax Liability:

As per the Accounting Standard (AS 22) laid down by the Institute of Chartered Accountants of India, the Company is required to make a provision for deferred tax liability. During the year an amount of Rs. 299,382 has been provided for deferred tax liability from the profits of the current year.

4. Balances of Sundry Debtors, Sundry Creditors and other balances are subject to confirmation by the parties.

5. The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end together with interest paid/ payable under this Act have not been given.

6. Segmental Reporting:

As the Company has been operating only in one segment both in terms of business and geographical operations, segmental reporting in terms of Accounting Standard 17 is not applicable.

7. Related Parties Disclosures:

(a) The following are the Individuals having significant influence on the Company.

1. GRKReddy

2. VP Ranjini Reddy

(b) There were no transactions carried out with the related parties in the current financial year.

8. In the opinion of the Management, Current Assets, Loans & Advances have a value on realization equal to the amount at which they are stated in the Balance Sheet and Provision for all known liabilities has been made.

9. Previous years figures have been regrouped/ reclassified/ rearranged wherever necessary to bring them in conformity with the current year figures.