| Note : 1 Previous year figures have been re-grouped and rearranged
whenever necessary.
Note : 2 Income tax assessments upto the Assessment Year 2012-2013
have been completed u/s 143(1). Liability, if any, will be provided in
the year of final assessment.
Note : 3 In the opinion of the Management the aggregate values of
current assets, loans and advances on In the opinion of the Management
the aggregate values of current assets, loans and advances on
realisation in ordinary course of business will not be less than the
amount at which they are stated in the balance sheet.
Note : 4 The Company has no dues relating to Micro, Small and Medium
Enterprises as defined under the Micro, Small and Medium Enterprises
Development Act 2006("Act"). Therefore no disclosures are given under
this Act.
Note : 5 Related party disclosures as per Accounting Standard - 18
Related parties transaction during the year ended 31st March 2013 are
detailed below:
i) Key Management Personnel and their relatives
* Mr. Madhusudhan Chokhani
* Mr. Vivek Garg
* Mr. J.P. Chokhani
* Mrs. Anita Chokhani
* J. P. Chokhani HUF
* Mrs. Kavita Chokhani
* Mr. Suresh Kumar Goenka
ii) Enterprises over which any person described in (a) is able to
exercise significant influence
* Sugan TMT Industries Ltd
* Udyogika Ltd
Note : 6 Segment Reporting:
Identification of Segments
Primary Segment
Business Segment: The company's operating businesses are organized and
managed separately according to the nature of products with each
segment representing a strategic business unit that offers different
products. The two identified segments Real Estate/Construction &
Consultancy.
Defined Benefit Plan
The employees' gratuity fund scheme is a defined benefit plan. The
present value of obligation is determined based on actuarial valuation
using the Projected Unit Credit Method, which recognises each period of
service as giving rise to additional unit of employee benefit
entitlement and measures each unit separately to build up the final
obligation. The obligation for leave encashment is recognised in the
same manner as gratuity.
The estimates of rate of escalation in salary considered in actuarial
valuation, take into account inflation, seniority, promotion and other
relevant factors including supply and demand in the employment market.
The above information is certified by the actuary.
Disclosure in respect of previous three annual periods as required by
Revised Accounting Standard - 15 'Employee Benefits' is not presented
as the management considers it impracticable in the absence of
requisite information.
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