Mar 31, 2015
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Mar 31, 2014
Backgroud
Ramsons Projects Limited (''the Company'') was incorporated on 22-12-1994
as Ramsons Finlease Ltd. The name of the company was changed from
Ramsons Finlease Ltd. to Ramsons Projects Ltd. on 28-10-1997. The
company holds a Certificate of Registration (COR) as Non-Banking
Financial Institution, without accepting public deposits, registered
with the Reserve Bank of India (''RBI'') under section 451A of the
Reserve Bank of India Act, 1934 and is primarily engaged in lending and
investment activities.
NOTE NO.-1- OTHER DISCLOSURES
(1) Previous year figures have been re-grouped, re-arranged and
reclassified wherever considered necessary. Amounts and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to current year.
(2) In the opinion of the Board of Directors, any of the assets other
than Fixed Asset and Non-current Investments have a value on
realization in the ordinary course of business at least equal to the
amounts at which they are stated in the balance sheet.
(3) Related Party Disclosure (as identified by the management):
Related Parties are classified under following Categories as:
a) Subsidiaries:
There is no subsidiary as on 31.03.2014.
b) Associates:
There is no associate as on 31.03.2014.
c) Individuals having control or significant influence over the
company:
Mr. Sunil Sachdeva
d) Enterprises in which Key Management Personnel or Individual having
control or significant influence over the company have significant
influence:
Savitri Overseas
SAS Servizio Pvt. Ltd.
S.A.S. Infotech Pvt. Ltd.
S V Corporation Pvt. Ltd.
A&I Buildcon Pvt. Ltd.
Sumel Project Pvt. Ltd.
SAS Infrabuild Pvt. Ltd.
2. CONTINGENT PROVISIONS AGAINST STANDARD ASSETS
PROVISION ON STANDARD ASSETS AS PER RBI
OPENING BALANCE 31,501 50,880
ADD/(REDUCED) DURING THE YEAR (13,610) (19,379)
17,891 31,501
3. Notes:
1. The company has identified Business Segments as Primary
Segments. The Reportable Segments are "Financial Activities",
Investment Activities".
2. Amount of deferred tax has been shown under "Unallocated
Corporate".
3. There is no reportable Geographical Segment as the sales Business
dealings of the company is in India Only.
Mar 31, 2013
Backgroud
Ramsons Projects Limited (''the Company'') was incorporated on 22-12-1994
as Ramsons Finlease Ltd. The name of the company was changed from
Ramsons Finlease Ltd. to Ramsons Projects Ltd. on 28-10-1997. The
company holds a Certificate of Registration (COR) as Non-Banking
Financial Institution, without accepting public deposits, registered
with the Reserve Bank of India (''RBI'') under section 451A of the
Reserve Bank of India Act, 1934 and is primarily engaged in lending and
investment activities.
(1) Previous year figures have been re-grouped, re-arranged and
reclassified wherever considered necessary. Amounts and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to current year.
(2) In the opinion of the Board of Directors, any of the assets other
than Fixed Asset and Non-current Investments have a value on
realization in the ordinary course of business at least equal to the
amounts at which they are stated in the balance sheet.
(3) Related Party Disclosure (as identified by the management):
Related Parties are classified under following Categories as:
a) Subsidiaries:
There is no subsidiary as on 31.03.2013.
b) Associates:
There is no associate as on 31.03.2013.
c) Individuals having control or significant influence over the
company:
Mr. Sunil Sachdeva
e) Enterprises in which Key Management Personnel or Individual having
control or significant influence over the company have significant
influence:
Savitri Overseas SAS Servizio Pvt. Ltd. S.A.S. Infotech Pvt. Ltd. S V
Corporation Pvt. Ltd. A&I Buildcon Pvt. Ltd. Sumel Project Pvt. Ltd.
SAS Infrabuild Pvt. Ltd.
(4) Deferred Tax
(a) Deferred tax has been provided in accordance with Accounting
Standard-22 Accounting for taxes income issued by the Institute of
Chartered Accountants of India.
Mar 31, 2012
(1) Previous year figures have been re-grouped, re-arranged and
reclassified wherever considered necessary. Amounts and other
disclosures for the preceding year are included as an integral part of
the current year financial statements and are to be read in relation to
the amounts and other disclosures relating to current year.
(2) During the year, the company has written off the value of Shares of
Ramsons Fashion Limited since the company (Ramsons Fashion Ltd) has
been stroked off from the Register of Registrar of Companies and the
company did not receive any amount out of this investment.
(3) In the opinion of the Board of Directors, any of the assets other
than Fixed Asset and Non-current Investments have a value on
realization in the ordinary course of business at least equal to the
amounts at which they are stated in the balance sheet.
(4) Exceptional Item
During the year, the company has disposed a piece of Land measuring 23
kanal 10 marlah situated at Village Dhorkha, Distt. Gurgaon, Haryana
for a total consideration of Rs. 2,97,60,246/- and made a profit on the
above transaction of Rs. 2,80,28,586/-. This profit has been shown as
an exceptional item in the Profit & Loss Statement.
(5) Related Party Disclosure (as identified by the management):
Related Parties are classified under following Categories as:
a) Subsidiaries:
The Sumel Housing Finance Private Limited which was only subsidiary of
the company as on 31.03.2011 is no more subsidiary as on 31.03.2012.
b) Associates:
There is no associate as on 31.03.2012.
c) Individuals having control or significant influence over the
company:
Mr. Sunil Sachdeva
e) Enterprises in which Key Management Personnel or Individual having
control or significant influence over the company have significant
influence:
Savitri Overseas
SAS Servizio Private Limited
S.A.S. Infotech Pvt. Ltd.
Dr. Naresh Trehan and Associates Health Services Pvt. Ltd.
S V Creditline Pvt. Ltd.
S V Corporation Pvt. Ltd.
SV Teletech Pvt. Ltd.
SV Infratel Pvt. Ltd.
SAS Heights Pvt. Ltd.
Spirit Infratech Pvt. Ltd.
Spirit Infracon Pvt. Ltd.
Spirit Heights Pvt. Ltd.
Sumel Heights Pvt. Ltd.
Sumel Healthcare Pvt. Ltd.
Sumel Promoters Pvt. Ltd.
Global Infracon Pvt. Ltd.
Bridges Media Pvt. Ltd.
SAS Fininvest LLP A&I Buildcon Pvt Ltd
(6) Deferred Tax
(a) Deferred tax has been provided in accordance with Accounting
Standard-22 Accounting for taxes income issued by the Institute of
Chartered Accountants of India.
Notes: 1. The company has identified Business Segments as Primary
Segments. The Reportable Segments are "Financial Activities",
Investment Activities".
2. Amount of deferred tax has been shown under "Unallocated
Corporate".
3. There is no reportable Geographical Segment as the sales Business
dealings of the company is in India Only.
Mar 31, 2011
(1) Previous year figures have been re-grouped, re-arranged and
reclassified wherever considered necessary. Amounts and other
disclosures for the preceding year are included as an integral
part of the current year financial statements and are to be read in
relation to the amounts and other disclosures relating to current year.
(2) In the opinion of the Board of Directors, old debtors subject to
confirmation in respect of outstanding for more than three years, the
current assets and loans and advances have a value on realization in
the ordinary course of business at least equal to the amounts at which
they are stated in the balance sheet and provision for all known
liabilities have been made in the accounts.
(3) Additional information pursuant to Para 3, 4c and 4d of Part II of
the Companies Act, 1956
a) Licensed & Installed Capacity: Not Applicable
b) Quantitative Information: Not Applicable
c) There is no consumption for imported Raw Material and Consumable.
(4) Related Party Disclosure (as identified by the management):
Related Parties are classified under following Categories as:
a) Subsidiaries:
Sumel Housing Finance Private Limited (89.59 % holding)
b) Associates:
SAS Servizio Pvt. Ltd. which was associate as on 31.03.2010 is no more
associate as on 31.03.2011.
c) Individuals having control or significant influence over the
company:
Mr. Sunil Sachdeva
d) Key Management Personnel & their relatives:
Name Designation
Mr. R L Sachdeva Managing Director
Mr.Sunil Sachdeva Non Executive Chairman
Mr. Vinod Madan Whole Time Director
Mr. Yogesh Sachdeva Relative of Mr. Sunil Sachdeva
e) Enterprises in which Key Management Personnel or Individual having
control or significant influence over the company have significant
influence
Savitri Overseas
SAS Servizio Private Limited
S.A.S. Infotech Pvt. Ltd.
Sumel Housing Finance Pvt. Ltd.
Dr. Naresh Trehan and Associates Health Services Pvt. Ltd.
S V Creditline Pvt. Ltd.
S V Corporation Pvt. Ltd.
SV Teletech Pvt. Ltd.
SV Infratel Pvt. Ltd.
SAS Heights Pvt. Ltd.
Spirit Infratech Pvt. Ltd.
Spirit Infracon Pvt. Ltd.
Spirit Heights Pvt. Ltd.
Sumel Heights Pvt. Ltd.
Sumel Healthcare Pvt. Ltd.
Sumel Promoters Pvt. Ltd.
Global Infracon Pvt. Ltd.
A Design Indi Pvt. Ltd.
Bridges Media Pvt. Ltd.
SAS Fininvest LLP
(5) Deferred Tax
(a) Deferred tax has been provided in accordance with Accounting
Standard-22 Accounting for taxes income issued by the Institute of
Chartered Accountants of India.
Mar 31, 2010
(1) Previous year figures have been re-grouped/re-arranged, wherever
considered necessary.
(2) Contingent Liabilities:
The company has given corporate bank guarantee in favour of
S.V.Teletech Private Limited amounting to Rs. 2.10 Crore taken from
Union Bank of India as on 19-11 - 2008.
(3) In the opinion of the Board of Directors, old debtors subject to
confirmation in respect of outstanding for more than three years, the
current assets and loans and advances have a value on realization in
the ordinary course of business at least equal to the amounts at which
they are stated in the balance sheet and provision for all known
liabilities have been made in the accounts.
(4) Additional information pursuant to Para 3,4c and 4d of Part II of
the Companies Act, 1956
a)Licensed & Installed Capacity: Not Applicable
(5) Related Party Disclosure (as identified by the management):
Related Parties are classified under following Categories as:
a) Subsidiaries:
Sumel Housing Finance Prive Limited ( 99.45 % holding)
b) Associates:
SAS Servizio Pvt. Ltd.
c) Individuals having control or significant influence over the
company:
Mr. Sunil Sachdeva
d) Key Management Personnel & their relatives:
Name Designation
Mr. R L Sachdeva Managing Director
Mr. Sunil Sachdeva Non Executive Chairman
Mr. Vinod Madan Whole Time Director
e) Enterprises in which Key Management Personnel and Individual having
control or significant influence over the company have significant
influence
Savitri Overseas
SAS Servizio Private Limited
S.A.S. Infotech Pvt. Ltd.
Sumel Housing Finance Pvt. Ltd.
Dr. Naresh Trehan and Associates Health Services Pvt. Ltd.
S V Creditline Pvt. Ltd.
S V Corporation Pvt. Ltd.
SV Teletech Pvt. Ltd.
SV Infratel Pvt. Ltd.
SAS Heights Pvt. Ltd.
Spirit Infratech Pvt. Ltd.
Spirit Infracon Pvt. Ltd.
Spirit Heights Pvt. Ltd.
Sumel Heights Pvt. Ltd.
Sumel Healthcare Pvt. Ltd.
Sumel Promoters Pvt. Ltd.
Global Infracon Pvt. Ltd.
A Design Indi Pvt. Ltd.
Bridges Media Pvt. Ltd.
SAS LLP
(6) Deferred Tax
(a) Deferred tax has been provided in accordance with Accounting
Standard-22 Accounting for taxes income issued by the Institute of
Chartered Accountants of India.
Mar 31, 2002
(1) Provision for Bad and Doubtful Debts and Provision for
Depreciation on Investments, if any, have been charged or written back
to Profit &. Loss Account as per NBFCs Prudential Norms (Reserve Bank)
Directions, 1998.
(2) Previous year figures have been re-grouped/re-arranged . wherever
considered necessary.
(3) Balances of the parties appearing in the Balance Sheet are subject
to confirmation.
(4) Contigent Liabilities : Nil
(5) Directors Travelling Expenses : NIL
(6) Number of employees in receipt of Remuneration in aggregate of Rs.
24,00,000/- P.A. or Rs.2,00,000/- P.M., if employed for part of the
year : NIL
7. In the opinion of Board of Directors current assets, loans &
advances have a value on realisation in the ordinary course of business
at least equal to the amounts at which they are stated in the balance
sheet and provision for all known liabilities has been made in the
accounts.
8. Related Party Disclosure (As identified by the Management)
a) Related Party Relationship
b) Enterprise with common interest
c) Ramsons Organics Ltd.
d) Savitri Overseas
Note : In respect of above parties, there is no provision for doubtful
debts as on 31st March 2002, and no amount has been written off or
written back during the year in respect of debts due from/ to then.
Notes: 1. The compnay has identified Business Segments as Primary
Segments. The Reportable Business Segments are "Finance Activities",
"Investment Activities" and Trading Activities".
2. Amount of Deferred Tax Asset has been shown under "Unallocated/
Corporate".
3. There are no reportable Geographical Segments as the sales/
business dealings of the company is in India only.
9. Deferred Tax
a) Deferred Tax has been provided in accordance with Accounting
Standard 22 - Accounting for Taxes on income issued by the Institute of
Chartered Accountants of India applicable with effect from 1st April,
2001. The accumulated net deferred tax asset amounting to Rs.4,95,044/-
as on 1st April has been adjusted against the Profit & Loss Accont.
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