A FINANCIAL NOTES
 
 1 Contingent Liabilities
 
 a) Contingent Liabilities in respect of Counter Guarantees given to the
 Bankers and against the Guarantees issued by the Bankers on behalf of
 the Company is Rs. 524.77 Lacs. (Previous Year Rs. 403.20 Lacs)
 
 b) Contingent Liabilities in respect of Performance Guarantees Rs. 150
 Lacs (Previous Year Rs.  150 Lacs)
 
 c) Vide Judgment Dated 16.03.2010 Honb''le Delhi High Court had
 confirmed the claim of Rs.1,72,78,256 of liquidated damages (Net of
 Companies claims) by Centre for Development of Telematics (C-DOT) in
 respect of contract for construction of main R & D building at
 Chattarpur, Mehrauli Gurgaon Road, New Delhi, executed by the Company.
 However the operation of said order of Hon''ble High Court had been
 stayed by Hon''ble Supreme Court.  In view of the same no provision has
 been made in respect of the said liquidated damages.
 
 d) Net claim of Rs.72,69,965 under Arbitral Award in respect of
 contract with Northern Railways has not been provided in the accounts
 for the year, since the same is sub-judice in Hon''ble Delhi High Court,
 and accordingly being contingent in nature.
 
 e) The Company has received show-cause notices from the Service Tax
 Department amounting to Rs.23,13,094/-, which is inclusive of education
 cess and secondary & higher education cess (Previous Year Rs.NIL)
 during the year 2010-2011. The Company has been advised that it has a
 good case to get the demand set aside and accordingly the company has
 submitted its reply protesting the demand and no provision has been
 made in respect of the said demand.
 
 2 Information pursuant to Part-II of Schedule-VI to the Companies Act,
 1956.
 
 a) Since the company is following ''percentage of completion method'' for
 the projects, it is not practicable to give quantitative details of
 sales turnover.
 
 f) Other information/requirements are not applicable.
 
 3 GRATUITY AND LEAVE ENCASHMENT
 
 Gratuity is provided for Employees who are in service as at the end of
 the financial year for 5 years or more, at the rate of 15 days'' salary
 for each completed year of service and is payable on retirement/
 termination/ resignation. The Gratuity plan for the Company is a
 defined benefit scheme where annual contributions as per Actuarial
 Valuation Certificate are charged to the Profit & Loss Account.
 
 The Company also has a leave encashment scheme with defined benefits
 for its employees.
 
 The Company makes provision of such liability in the books of accounts
 on the basis of year end Actuarial Valuation Certificate. No fund has
 been created for this scheme.
 
 The following table summarise the components of net benefit expense
 recognized in the Profit & Loss Account and amounts recognized in the
 Balance Sheet for the respective plans.
 
 Under the Projected Unit Credit Method a projected accrued benefit is
 calculated at the beginning of the year and again at the end of the
 year for each benefit that will accrue for all active members of the
 Plan. The projected accrued benefit is based on the Plan''s accrual
 formula and upon service as of the beginning or end of the year, but
 using a member''s final compensation, projected to the age at which the
 employee is assumed to leave active service. The Plan Liability is the
 actuarial present value of the projected accrued benefits as of the
 beginning of the year for active members.
 
 4 RELATED PARTY TRANSACTIONS
 
 I.  LIST OF RELATED PARTIES
 
 A) ASSOCIATES
 
 1. Aadharshila Towers Private Limited
 
 B) JOINT VENTURES
 
 1.  Ansal Crown Infrabuild Private Limited
 
 2.  Incredible City Home Private Limited
 
 3.  Incredible Real Estate Private Limited
 
 4.  Southern Buildmart Private Limited
 
 5.  Sunmoon Buildmart Private Limited
 
 C) RELATED PARTY WHERE KEY MANAGERIAL PERSONNEL EXERCISE SIGNIFICANT
 INFLUENCE
 
 1.  Ansal Buildwell Infrastructure Private Limited
 
 2.  Ansal Buildwell Real Estate Promoters Private Limited
 
 3.  Ansal Buildwell Developers Private Limited
 
 4.  Ansal Engineering Projects Limited
 
 5.  Ansal Hospitality & Leisure Co. Private Limited
 
 6.  Ansal KGK Developer Private Limited
 
 7.  APM Buildcon Private Limited
 
 8.  Bedi Exports Private Limited
 
 9.  Bhandari Machinery Co. Private Limited
 
 10. Chandraprabha Estate Private Limited
 
 11. Elite Concepts (Partnership Firm)
 
 12. Glorious Hotels Private Limited
 
 13. GSG Developers Private Limited
 
 14. Gyan Bharti Trust / School
 
 15. Hitech Township And Infrastructure Private Limited
 
 16. K.C. Towers Private Limited
 
 17. K.J. Towers Private Limited
 
 18. KTM Finance Private Limited
 
 19. M.K. Towers Private Limited
 
 20. Madakinee Estate Private Limited
 
 21. Mid Air Properties Private Limited
 
 22. Rigoss Electric Distribution Co. Private Limited
 
 23. Rigoss Estate Networks Private Limited
 
 24. Rigoss Exports International Private Limited
 
 25. S.J. Towers & Developers Private Limited
 
 26. S.S. Towers Private Limited
 
 27. Sankalp Hotels Private Limited
 
 28.  Saya Plantation & Resorts Private Limited
 
 D) KEY MANAGERIAL PERSONNEL
 
 1.  Sh. Gopal Ansal (Chairman cum Managing Director)
 
 2.  Sh. R. L. Gupta (Wholetime Director - Finance & Business
 Development)
 
 3.  Sh. Gaurav Mohan Puri (Wholetime Director - Projects)
 
 E) RELATIVES OF KEY MANAGERIAL PERSONNEL WITH WHOM TRANSACTION WERE
 CARRIED OUT DURING THE YEAR
 
 1.  Mrs. Ritu Ansal (Wife of CMD)
 
 2.  Mrs. Suruchi Bharadwaj (Daughter of CMD)
 
 3.  Mrs. Shweta Charla (Daughter of CMD)
 
 4.  Gopal Ansal (HUF) (CMD is Karta of HUF)
 
 F) SUBSIDIARIES
 
 1.  Ansal Real Estate Developers Private Limited
 
 2.  Lancer Resorts & Tours Private Limited
 
 3.  Potent Housing & Construction Private Limited
 
 4.  Sabina Park Resorts & Marketing Private Limited
 
 5.  Triveni Apartments Private Limited
 
 6 Leasing Arrangements
 
 Operating Lease :
 
 The significant leasing arrangments entered into by the Company include
 the following:
 
 a) Buildings taken on operating lease with lease term between 11 and 36
 months for office premises and residential accomodation for employees
 and which are renewable on a periodic basis by mutual consent of both
 parties.
 
 b) All the operating leases are cancellable by the lessee for any
 reason by giving notice of between 1 and 3 months.
 
 c) Lease payments recognised under rent expenses in Schedule-10 &
 Schedule-11.
 
 The company has various operating leases for office facilities and
 residential premises for employees that are renewable on a perodic
 basis. Rental expenses for operating leases recognised in Profit & Loss
 Account for the year is Rs. 1,93,30,082 (Previous Year : Rs.
 2,11,47,356).
 
 7 Interests in Joint Ventures
 
 The financial statements of the following jointly controlled entities
 have been consolidated as per Accounting Standard 27 on ''Financial
 Reporting of Interests in Joint Ventures'' as notified by the Companies
 (Accounting Standards) Rules, 2006. All the jointly controlled entities
 are incorporated in India.
 
 8 Based on the information available with the Company, there are no
 dues outstanding in respect of Micro, Small and Medium enterprises at
 the balance sheet date. No amounts were payable to such enterprises
 which were outstanding for more than 45 days. Further, no interest
 during the year has been paid or payable in respect thereof. The above
 disclosure has been determined to the extent such parties have been
 identified on the basis of information available with the Company.
 This has been relied upon by the auditors.
 
 9 Previous year''s figures have been regrouped/ rearranged wherever
 considered necessary to make them comparable with current year''s
 figures.