| 1. As on the date of the Balance Sheet,
(i) The Company did not issue any equity shares as fully paid equity
shares pursuant to contract(s) without payment being received in cash
(ii) The Company has issued an aggregate of 30,84,400 equity shares of
Rs.10 each as fully paid-up bonus shares during preceding five years of
the of the balance sheet date. However, no buy back of any equity
shares has been made as on the balance sheet date.
(iii) The Company has not issued any securities like Convertible
Preference Shares, Convertible Debentures etc which are Convertible
into equity / Preference Shares
2. Contingent liabilities and commitments (to the extent not provided
for)
In the opinion of the Board there are no contingent liabilities.
Commitments
Particulars Year ended Year ended
31.03.2015 31.03.2014
Major Contracts Commitment Outstanding
for Civil, Consultancy
and Supply contracts. 625,306,167 428,164,638
Total 625,306,167 428,164,638
3. Leases
(a) Finance lease
The Company has not entered into any finance lease arrangements during
the year.
(b) Operating leases are mainly in the nature of lease of office
premises with no restrictions and are renewable by mutual consent.
There are no restrictions imposed by lease arrangements. Lease rental
payments of Rs. 54,35,288/- (Pr. Yr Rs.66,87,085/-) made by the Company
are recognized in the statement profit and loss account under the head
' Rent on premises '
Future minimum lease payments for the year ending March 31, 2016 is
Rs.25,32,459 /-
4. Secured loans ft unsecured loans -terms
Secured borrowings
All secured loans are secured againt the asset acquired utilising the
said loan and are repayable as per the agreed repayment schedules
ranging from 9 to 84 monthly installments.
Non convertible Debentures
All Debentures are secured againt the company's share in the Rhythm,
Winter Green, Lake Drive and Mystic wind projects agreed repayment
schedules.
Unsecured loans/advances from/to related parties
Terms :The advances are clean advances that are given/taken without any
preconditions attached towards repayments except incase of Ayushi
Business Enterprises India Private Limited, Ascent Real Assets Private
Limited and loans given by Hemand Rawal & Ravindra M in their
individial capacities wherein the repayments is as per individual
contracts.
5. Segment Reporting
As the company has only one business segment, disclosure under Ind AS
18 on "Segment Reporting" issued by the Institute of Chartered
Accountants of India is not applicable.
6. Disclosure under Micro, Small and Medium Enterprises Development
Act, 2006
Under the Micro, Small and Medium Enterprises Development Act, 2006
read with notification no. 8/7/2006 - CDN dt 17/05/2007, certain
disclosures are required to be made relating to Micro, Small and Medium
Enterprises. The company has not received any communication from its
suppliers about their coverage under the said Act. Since the relevant
information is not readily available, no disclosures have been made in
the accounts. However in the view of the management, the impact of
interest, if any, that may be payable as per the provisions of this Act
is not expected to be material.
7. Realisations
In the opinion of the Board and to the best of its knowledge and
belief, the value on realisation of current assets, loans and advances
will, in the ordinary course of business, not be less than the amounts
at which they are stated in the Balance sheet.
8. Contractual liabilities
All other contractual liabilities connected with business operations of
the Company have been appropriately provided for except for as
mentioned in note 2.26 above
9. Amounts in the financial statements
Amounts in the financial statements are rounded off to nearest rupees.
Figures in brackets indicate negative values.
10. Subsequent events
The Company has evaluated subsequent events through May 29, 2015, the
date the financial statements were available for issuance. No material
subsequent events have occurred through May 29, 2015 that require
recognition or disclosure in the financial statements.
|