| 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.
|