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Notes to Accounts of Real Growth Corporation Ltd.
Mar 31, 2015
1. CONTINGENT LIABILITIES & COMMITMENTS Figures Figures
as at the as at the
end of end of
Current Previous
Reporting Reporting
Period Period
Contingent liabilities in respect of
(As certified by the management)
Guarantees given by the Company NIL NIL
Claim against the Company not acknowledged as debts NIL NIL
Capital commitment (net of advances) provided for NIL 97,166
2. SEGMENT REPORTING (AS-17)
During the Financial year, the Company was primarily involved in three
kinds of business activities namely Real Estate, Steel Trading and
Tradings in Securities /Commo profitability and the assets as a basis of
identification of reportable segments, all the three segments have been
qualified as a reportable segments. Whi le disclosing the segment
results loans given or taken from corporates has been disclosed under
unallocated segment.
3. RELATED PARTY DISCLOSURE (AS-18)
List of Related parties with whom transactions have taken place
4. In the opinion of the Board of Directors, Current Assets, Loans &
Advances has a value on realization at least equal to the amount at
which these are stated in the Balance Sheet.
5. The Comp any has sought information from its suppliers/service
providers about their status under micro small & medium enterprises
development (MSMED) A ct 2006. Bas ed on the information provided by
the venders and from the company knowledge no interest is payable.
6. Balance of Sundry parties, debit or credit, are subject to
confirmation / reconciliation