| i) The company has entered as a partner into partnership for
development of land in and around Surat district of Gujarat in the name
of M/s Mark Developers. The amount paid to this partnership, is
classified as investment.
ii) Related Party Disclosure as per Accounting Standard 18 on "Related
Party Disclosures":
(A) Names of the related parties and description of relationship:
Enterprises where control exist :
(i) Key Management Personnel (a) Mr. Vivek Sharma
(ii) Associates Concern
(a) Mark Developers- Partnership Firm
v) There are no amounts due and outstanding to be credited to investor
education & protection fund as at 31st March, 2014.
vi) The company has identified two reportable segments viz. Realty &
Investment. Segments have been identified and reported taking into
account nature of products & services, the differing risk and returns
and the internal business reporting systems. The accounting policies
adopted for segment reporting are in line with the accounting policy of
the Company with following additional policies for segment reporting.
a) Revenue and expenses have been identified to a segment on the basis
of relationship to operating activities of the segment. Revenue and
expenses which are relate to enterprises as a whole and are not
allocable to a segment on reasonable basis have been disclosed as
"Unallocable".
b) Segment assets and segment liabilities represent assets and
liabilities in respective segment. Other assets & liabilities that
cannot be allocated to segment on reasonable basis have been disclosed
as "Unallocable".
viii) Balances of debtors .creditors and Loan & advances are subject to
confirmation.
ix) Additional information required vide Part II of Schedule III of
Companies Act, 2013 are either Nil or not applicable.
x) The previous years figures have been regrouped, rearranged and
reclassified wherever necessary.
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