| 1. Balances appearing in various accounts under the head, sundry
Debtors, Loans and Advances and Sundry Creditors are subject to
confirmation and reconciliation's. Consequential adjustments arising,
if any, will be made in the year when such confirmation and
reconciliation's are received.
2. In the opinion of the management, the Current Assets and Loans and
advances are not less than the value stated, if realized in the
ordinary course of business.
3. There are no contingent liabilities during the year.
4. None of the supplier have reported Micro, Small and Medium
Enterprises status as defined in the Micro, Small and Medium
Enterprises Development Act, 2006 to whom the company owes dues.
5. During the year the Company has not incurred any Expenditure in
Foreign Currency. (Previous Year: Nil).
6. Segment Reporting:
Based on risks and returns associated with business operations and in
terms of Accounting Standard - 17 (Segment Reporting), The Company is
predominantly engaged in a single reportable.
7. Disclosure in respect of related parties pursuant to Accounting
Standard - 18 "Related Party Disclosure" issued by "The Institute of
Chartered Accountants of India":
i. List of related parties:
Enterprises Controlling the Company
Dhanshree Dreamhomes Private Limited - Company having Substantial
Interest
Key Management Personnel
Mr. Shankarrao A. Borkar
Ms. Sunanda S. Borkar
Mr. Amol S. Borkar
Mr. Ramakant S Sabnis
Mr. Shivanand Chapale
8. As per Managements view none of the current employees shall
complete their term of service of five years, hence actuarial valuation
of gratuity is not done.
Impairment of Fixed Assets: In the opinion of management, there was no
impairment in respect of any fixed assets items. Hence carrying values
of the assets at 31 March 2015 are the same as their net book values.
9. Consequent to the notification of revised Schedule VI under the
Companies Act, 1956, the financial statements for the year ended March
31, 2015 are prepared as per revised Schedule VI.
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