| 1. CORPORATE INFORMATION
Manraj Housing Finance Limited is a listed Company incorporated in
India under the provi- sions of the Companies Act, 1956. Earlier it was
engaged in the business of providing finance for housing. This activity
of late has been discontinued and since last few years the company has
started construction activity and is otherwise dealing in real estate
business.
2. OTHER NOTES
3. Unclaimed Dividend and Transfer of Dividend to Investor
Protection Fund
Unclaimed Dividend of Rs. NIL ( P.Y. Rs. NIL/- )
4. Provision for Current and Deferred Tax. (AS-22)
Provision for current tax is made after taking into consideration
benefits admissible under the provisions of the Income Tax Act, 1961.
Deferred tax resulting from "timing difference" between book and
taxable profit is ac- counted for using the tax rates and laws that
have been enacted or substantively enacted as on the balance sheet
date. The deferred tax asset is recognised and carried forward only to
the extent there is a reasonable certainty that the assets will be
realised in future.
5. Current assets, loans and advances
In the opinion of the board, the current assets, loans and advances ,
have a value on realization in the ordinary course of business at least
equal to the amount at which they are stated in the Balance sheet.
6. Amount due to micro & small enterprises:
The Company has not received information from vendors regarding their
status under the Micro, Small and Medium Enterprises Development Act,
2006 and, hence, disclosures relating to amounts unpaid as at the year
end together with interest paid/payable under this Act has not been
given.
7. Contingent Liability
Estimated amount of contracts remaining to be executed on capital
account and not provided for (net of advances) Rs. N I L /-. (P.Y. Rs.
NIL).
8. Segment Reporting
The company's operations predominantly consist of construction
activities. Hence there are no reportable segments under Accounting
Standard - 17. During the year under report substantial part of the
company's business has been carried out in the state of Maharashtra.
The conditions prevailing in Maharashtra being uniform, no separate
geo- graphical disclosures are considered necessary.
9. Employee Benefits
No provision for gratuity payable is made as there is no eligible
employee entitled to gratuity. There are no other dues payable to
employees for which provision / payment has been made in books of
accounts including leave encashment dues etc.
10. Disclosure in respect of Related Parties pursuant to Accounting
Standard 18
1) List of Related Parties
(As identified by the Management)
i) Enterprises that directly or indirectly exercise control NIL
ii) Key Managerial Personnel and Enterprises
(Having common Key Management Personnel or their relatives)
Key Management Personnel
1 Shri Ishwarlal S. Jain Managing Director
2 Shri Manish I. Jain Director
3 Shri Pramod N. Mehta Director
4 Shri Suganchand K. Raka Director
5 Shri Ramvilas K. Rathi Director
6 Shri Prashant J. Agrawal Director
7 Shri Purushottam T. Wani Director
Relatives of Key Management Personnel
1 Shri Amrish Jain (son of Shri Ishwarlal Jain)
2 Mrs Pushpadevi Jain (wife of Shri Ishwarlal Jain)
3 Mrs. Neetika Jain (wife of Shri Manish Jain)
Enterprises having common Key Management Personnel (Associates)
Name of the Related Party Relationship
Arya Automobiles Proprietary Concern of Shri.
I.S.Jain
Rajmal Lakhichand (Jalgaon)
Rajmal Lakhichand & Sons
Arya Impex
Manraj Travels
Manraj Construction
Manraj Green Gold
Rajmal Lakhichand Jewellers (Pune)
R.L.Commodities Pvt. Ltd. Shri Ishwarlal S. Jain / Manish
I. Jain and their relatives
Manraj Jewellers Pvt. Ltd. are partners / directors / share-
holders in these firms /
RLJewels Pvt Ltd companies.
Ajanta Health Resort Pvt. Ltd.
R.L. Gold Pvt. Ltd.
Rajmal Lakhichand Jewellers Pvt. Ltd.
Manraj Motors Pvt. Ltd.
Manavi Holdings Pvt. Ltd.
Chatrapati Real Estate and Projects Pvt. Ltd.
Precious Hallmarking Pvt, Ltd.
11. Where changes in presentation are made, comparative figures for
the previous year are re-grouped accordingly.
|