Mar 31, 2015
1. Public Issue Account of Rs. 3,500/- (2013-2014 Rs. 3,500/-) is
subject to reconciliation and confirmation.
2. Company had given an advance of Rs. 289,930/- (2013-2014 Rs.
289,930/-) during the financial year 1999-2000 to 'Kanpur Nagar
Mahapalika' for conversion of leasehold land into freehold land.
However, the said effect has not yet been given.
3. There were no Micro and Small enterprises to whom amounts are
outstanding for more than 45 days, as at March 31, 2015 (Previous Year
Rs. Nil). As at March 31,2015, no supplier has intimated the company
about its status as Micro and Small enterprises or its registration
with the appropriate authority under The Micro, Small and Medium
Enterprises Development Act, 2006.
4. Confirmation from Debtors, Creditors and advances to and from
various parties were not received and their balances are shown as
appearing in the accounts.
5. During the year, there were no expenditure and/ or earnings in
foreign exchange.
6. Particulars in respect of Guarantees given and Securities
provided:
i.) The Company has provided Corporate Guarantee and given a collateral
security by way of equitable mortgage of its Properties, situated at
Cuelim Village, Village Panchayat Cansaulim Arrosim, Taluka and Sub
District Marmugao, Goa, in connection to the credit facility sanctioned
to Sir Bio Tech India Limited', in the form of Import LC (usance period
upto 180 days) from Bank of Baroda, Panjim Branch, Goa, vide sanction
letter bearing reference number PAN/ADV/2014 dated May 17, 2014.
ii.) The Company has provided a Corporate Guarantee to Messrs. Shreesri
Buildtech Private Limited, by way of extension over Equitable Mortgage
of its property situated at Village Chaudharipur Pargana & Tehsil
Bilhaur to State Bank of India, Birhana Road, Kanpur for facilitating
FBWC Limit of Rs. 950.00 Lacs (Rupees Nine Hundred Fifty Lacs Only),
vide sanction letter dated August 8, 2014.
iii.) The Company has provided a Corporate Guarantee to Messrs. Muskan
Towers Private Limited, by way of extension over Equitable Mortgage of
its property situated at Village Chaudharipur Pargana & Tehsil Bilhaur
to State Bank of India, The Mall, Kanpur for facilitating Term Loan Rs.
500.00 Lacs (Rupees Five Hundred Only), vide sanction letter dated
February 26, 2014.
7. During the year, the Company has applied the estimated useful
lives as specified in Schedule II of the Companies Act, 2013.
Accordingly, the unamortized carrying value is being depreciated /
amortized over the revised/remaining useful lives. The written down of
Fixed Assets whose lives have expired as at April 1,2014 have been
adjusted in the opening balance of the retained earnings amounting to
Rs.1,131,193.21. However, the Company has not created any provision for
residual value of the Fixed Assets, which is not significant
considering the total value of block of assets.
8. Related Party Disclosures
a.) Following are Related Parties:
1. Key Management Personnel/Directors Mr. Ajay Kumar Jain, Whole-
Time-Director
Mr. Sunil Tandon, Whole-Time-
Director
2. Associate(s.) Raghunath Builders Private
Limited
PJ. Softwares Private Limited
Trendy Buildcom Private Limited
Mangalam Infra Projects
Private Limited
3. Individual and their relatives Mr. Om Prakash Agrawal
having significant influence
over the company
Mr. Jai Prakash Agrawal
Mr. Sri Prakash Agrawal(HUF)
Om Prakash Agrawal (HUF)
Jai Prakash Agrawal (HUF)
Smt. Geeta Agrawal
Smt. Ranjana Agrawal
Mrs. Alka Dalmia
Mr. Yuvraj Dalmia
Mr. Pulkit Dalmia
Mr. Prakhar Dalmia
4. Enterprises over which persons Sir Bio Tech India Limited
mentioned in paragraph number
(2) above exercise significant
influence
Jai Nest-Build Home Private
Limited
Lotus Infra Projects Private
Limited
Sir Bio Tech India Limited
Elite Creations Private Limited
Shreesri Buildtech Private
Limited
9. Note nos.1 to 32 forms an integral part of the Balance Sheet and
Profit and Loss Account and have been duly authenticated.
Mar 31, 2014
1. NATURE OF OPERATION
RTCL Limited (The "Company") is mainly engaged in Real Estate including
renting activities.
2. Public Issue Account of Rs. 3,500/- (2012-2013 Rs. 3,500/-) is
subject to reconciliation and confi rmation.
3. Company had given an advance of Rs. 289,930/- (2011-2012 Rs.
289,930/-) during the fi nancial year 1999-2000 to ''Kanpur Nagar
Mahapalika'' for conversion of leasehold land into freehold land.
However, the said effect has not yet been given.
4. There were no Micro and Small enterprises to whom amounts are
outstanding for more than 45 days, as at March 31, 2014 (Previous Year
Rs. Nil). As at March 31, 2013, no supplier has intimated the company
about its status as Micro and Small enterprises or its registration
with the appropriate authority under The Micro, Small and Medium
Enterprises Development Act, 2006.
5. Confi rmation from Debtors, Creditors and advances to and from
various parties were not received and their balances are shown as
appearing in the accounts.
6. During the year, there were no expenditure and/ or earnings in
foreign exchange.
7. The Company has provided Corporate Guarantee and given an
additional collateral security by way of equitable mortgage of its
Property bearing Survey Number 46/3 area admeasuring 10,379 Square
Meter (Approximately) and Survey Number 46/4C area admeasuring 2,482
Square Meter (Approximately) both situated at Cuelim Village, Village
Panchayat Cansaulim Arrosim, Taluka and Sub District Marmugao, Goa, in
connection to the credit facility sanctioned to Sir Bio Tech India
Limited'', in the form of Import LC (usance period upto 180 days) from
Bank of Baroda, Panjim Branch, Goa, vide sanction letter bearing
reference number PAN/ADV/2014 dated May 17, 2014.
8. Note nos.1 to 31 forms an integral part of the Balance Sheet and
Profi t and Loss Account and have been duly authenticated.
Mar 31, 2013
1. NATURE OF OPERATION
RTCL Limited (The "CompanyÂ) is mainly engaged in Real Estate including
renting activities.
2. Public Issue Account of Rs. 3,500/- (2011-2012 Rs. 3,500/-) is
subject to reconciliation and confi rmation.
3. Company had given an advance of Rs. 289,930/- (2011-2012 Rs.
289,930/-) during the fi nancial year 1999-2000 to ''Kanpur Nagar
Mahapalika'' for conversion of leasehold land into freehold land.
However, the said effect has not yet been given.
4. There were no Micro and Small enterprises to whom amounts are
outstanding for more than 45 days, as at March 31, 2013 (Previous Year
Rs. Nil). As at March 31, 2012, no supplier has intimated the company
about its status as Micro and Small enterprises or its registration
with the appropriate authority under The Micro, Small and Medium
Enterprises Development Act, 2006.
5. Confi rmation from Debtors, Creditors and advances to and from
various parties were not received and their balances are shown as
appearing in the accounts.
6. During the year, there were no expenditure and/ or earnings in
foreign exchange.
7. Note nos.1 to 30 form an integral part of the Balance Sheet and
Profi t and Loss Account and have been duly authenticated.
Mar 31, 2012
1. NATURE OF OPERATION
RTCL Limited (The "Company") is mainly engaged in Real Estate
including renting activities.
2. Public Issue Account of Rs. 3,500/- (2010-2011 Rs. 3,500/-) is
subject to reconciliation and confirmation.
3. Company had given an advance of Rs. 289,930/- (2010-2011 Rs.
289,930/-) during the financial year 1999-2000 to 'Kanpur Nagar
Mahapalika' for conversion of leasehold land into freehold land.
However, the said effect has not yet been given.
4. There were no Micro and Small enterprises to whom amounts are
outstanding for more than 45 days, as at March 31, 2012 (Previous Year
Rs. Nil). As at March 31, 2012, no supplier has intimated the company
about its status as Micro and Small enterprises or its registration
with the appropriate authority under The Micro, Small and Medium
Enterprises Development Act, 2006.
5. Confirmation from Debtors, Creditors and advances to and from
various parties were not received and their balances are shown as
appearing in the accounts.
6. During the year, there were no expenditure and/ or earnings in
foreign exchange.
7. Note No. 1 to 30 form an integral part of the Balance Sheet and the
Profit and Loss Account and have been duly authenticated.
Mar 31, 2011
1 Previous year's figures have been regrouped, recast, rearranged
wherever necessary to conform to this year's classification. Figures
in bracket represent figures pertaining to financial year 2009-2010
unless stated otherwise. Amounts are mentioned in Rupees.
2 Public Issue Account of Rs. 3,500/- (2009-2010 Rs. 3,500/-) is
subject to reconciliation and confirmation.
3 Company had given an advance of Rs. 289,930/- (2009-2010 Rs.
289,930/-) during the financial year 1999-2000 to 'Kanpur Nagar
Mahapalika' for conversion of leasehold land into freehold land.
However, the said effect has not yet been given.
4 Creditors of Rs. 330.00/- (2009-2010-Rs. 750,820.85) have been
written back during the year.
5 There were no Micro and Small enterprises to whom amounts are
outstanding for more than 45 days, as at March 31st, 2011 (Previous Year
Rs. Nil). As at March 31, 2011, no supplier has intimated the company
about its status as Micro and Small enterprises or its registration
with the appropriate authority under The Micro, Small and Medium
Enterprises Development Act, 2006.
6 Confirmation from Debtors, Creditors and advances to and from various
parties were not received and their balances are shown as appearing in
the accounts.
7 During the year, there were no expenditure and/ or earnings in
foreign exchange.
d) During the year, no amount receivable/payable from/to related
parties has been written off/written back.
8 Information pursuant to the provisions of paragraphs 3,4C, 4D of
part II of Schedule VI of the Companies Act, 1956 are not applicable.
9 (a) Pursuant To Accounting Standard -17 on "Segment Reporting"
issued by the Institute of Chartered Accountants of India, Retailing,
Agency and Real Estate are considered three business segments whereas
other remaining activities are considered as un-allocable segment.
(C) Segment Revenue, Segment Results, Segment Assets and Segment
Liabilities include the respective amounts identifiable to each of the
segment. The expenses, which are not directly relatable to the business
segment, are shown as unallocated cost. Assets and Liabilities, which
cannot be allocated between the segments, are shown as unallocated
assets and liabilities respectively.
10 Pending actuarial valuation for gratuity as per AS-15 issued by The
ICAI, the company has provided liability for Gratuity amounting to Rs.
117,865/- (2009-2010 Rs. 201,617/-) during the year. However, the
company has not actually paid any sum by way of gratuity during the
year.
11 In the opinion of the management, the current assets, loans and
advances have a value on realization in the ordinary course of the
business at least equal to the amount at which they are stated in the
balance sheet.
12 Balance Sheet Abstract and Company's General Business Profile (in
terms of amendment to Part IV of Schedule VI to the Companies Act,
1956) is annexed herewith.
13 Contingent liabilities not provided for in respect of:
The Hon'ble Income Tax Appellate Tribunal, New Delhi has decided the
appeal in favour of the company vide its order No. ITA No. 1917/Del of
2007 dated August 29, 2008 thereby canceling the demand of Rs. 21.63
Lakh for the assessment year 2002-2003. Therefore, the tax deposited
by the company against this demand to the extent of Rs. 9,00,000/- has
become due for refund along with necessary interest thereon. However,
the Income Tax Department has preferred an appeal against the said
order before Hon'ble Delhi High Court for which the proceedings are yet
to begin.
14 Schedules 'A' to 'L' form an integral part of the Balance Sheet and
Profit and Loss Account has been duly authenticated.
Mar 31, 2010
I. NATURE OF OPERATION
RTCL Limited (The "Company") is mainly engaged in Real Estate including
renting activities.
1. Previous years figures have been regrouped, recast, rearranged
wherever necessary to conform to this years clas- sification. Figures
in bracket represent figures pertaining to financial year 2006-2009
unless stated otherwise Amounts are mentioned in Rupees.
2. Public Issue Account of Rs. 3,500;- (2006-2009 Rs. 3,500;-) is
subject to reconciliation and confirmation.
3. Company had given an advance of Rs. 269,930;- (2006-2009 Rs.
289.930;-) during the financial year 1999-2000 to Kanpur Nagar
MahapaIika for conversion of leasehold land into freehold land.
However, the said effect has not yet been given.
4. Creditors of Rs. 750,620.65 (2006-2009-Rs. 247,207.13) have been
written back during the year.
5. There were no Micro and Small enterprises to whom amounts are
outstanding for more than 45 days, as at March 31, 2010 (Previous Year
Rs. Nil). As at March 31, 2010, no supplier has intimated the company
about its status as Micro and Small enterprises or its registration
with the appropriate authority under The Micro, Small and Medium
Enterprises Development Act, 2006.
7. Confirmation from Debtors, Creditors and advances to and from
various parties were not received and their balances are shown as
appearing in the accounts.
8. During the year, there were no expenditure and/or earnings in
foreign exchange.
12. Related Part/Disclosures:
a} Following are related parties:
[a] Key Management Personnel
Mr. Om Prakash Agrawal Director
Mr. Brijesh Katiyar: Director
(b) Individuals and their relatives having significant influence over
the company
Mr. Om PrakashAgrawal Mrs. Alka Dalmia (Wife of Director) Mr. Yuvraj
Dalmia (Son of Director) Mr. Pulkit Dalmia (Son of Director)
[c] Enterprises that control or are controlled by the company, its
directors and persons having significant influence over the company
P. J. Softwares Limited
Raghunath Builders Private Limited
Sir Bio Tech India Limited
Raghunath Holdings and Finlease Limited
Eternity Township Private Limited
RPA Buildestate Private Limited
Sunflower Durabuild Private Limited
New Wave Dwellers Private Limited
Everbright Infradevebpers Private Limited
Mandakini Motels Private Limited
RTC Real Estate Private Limited
14.
(c) Segment Revenue. Segment Results, Segment Assets and Segment
Liabilities include the respective amounts identifiable to each of the
segment. The expenses. which are not directly relatable to the business
segment, are shown as unallocated cost. Assets and Liabilities, which
cannot be allocated between the segments, are shown as unallocated
assets and liabilities respectively.
15. The company has invested an amount of Rs. 100.000/- [Rupees One
Lakh only) with RTC Real Estate Private Limited on 25.09.2008 during
the previous year 2008-09 through one of its director. The transaction,
however, has been re- flected during the current year on completion of
necessary documentation.
16. Pending actuarial vaIuation for gratuity as per AS-15 issued by
The ICAI, the company has provided liability for Gratuity amounting to
Rs. 201,617/- (2008-2009 Rs. 36,365/-) during the year. However, the
company has not actually paid any sum by way of gratuity during the
year.
18. In the opinion of the management, the current assets, loans and
advances have a value on realization in the ordinary course of the
business at least equal to the amount at which they are stated in the
balance sheet.
19. Balance Sheet Abstract and Companys General Business Profile fin
terms of amendment to Part IV of Schedule VI to the Companies Act.
1956) is annexed herewith.
20. Contingent liabilities not provided for in respect of:
The Honble Income Tax Appellate Tribunal. New Delhi has decided the
appeal in favour of the company vide its order No. ITA No. 1917/Del of
2007 dated August 29 2008 thereby canceling the demand of Rs. 21.63
Lakh for the assessment year 2002-2003. Therefore, the tax deposited by
the company against this demand to the extent of Rs. 9,00,000/- has
become due for refund alongwith necessary interest thereon. However,
the Income Tax Department has preferred an appeal against the said
order before Honble Delhi High Court for which the proceedings are yet
to begin.
21. Schedules A to L form an integral part of the Balance Sheet
and Profit and Loss Account has been duly authenticated.