SENSEX NIFTY India | Notes to Account > Construction & Contracting - Civil > Notes to Account from Atlanta - BSE: 532759, NSE: ATLANTA
BSE: 532759|NSE: ATLANTA|ISIN: INE285H01022|SECTOR: Construction & Contracting - Civil
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« Mar 12
Notes to Accounts Year End : Mar '13
1 Prior period adjustments
 Prior period adjustments of Rs. 11,91,05,334/- is in respect of reversal
 of interest income on capital with a partnership firm. The partners of
 the firm mutually agreed to discontinue the interest charged on
 partners'' capital. Accordingly amount of Rs. 11,91,05,334/- being
 interest on capital from the said firm pertaining to earlier years have
 been written back during the year.
 2 In the opinion of the Management, the Current Assets, Loans and
 Advances and Current Liabilities are approximately stated if realized
 in the ordinary course of business. The balances of debtors, creditors
 and loans & advances are subject to confirmation and reconciliation.
 if any. The provisions for all other liabilities are adequate and not
 in excess of the amount reasonably necessary.
 3 Segment Information
 The Company is engaged in the business of contracting activities i.e.
 construction and development of infrastructure. The entire operations
 are governed by the same set of risk and rewards and therefore the same
 has been considered as representing single primary business segment.
 The Company operates within a single geographical segment i.e. India.
 In view of this, the disclosure requirements of Accounting Standards
 (AS-17) Segment Reporting issued by the Institute of Chartered
 Accountants of India are not applicable.
 4 Impairment of Assets
 There was no impairment Loss on fixed assets on the basis of review
 carried out by the Management in accordance with the Accounting
 Standards AS-28 Impairment of Assets issued by the Institute of
 Chartered Accountants of India.
 5 Disclosures of Related Parties Transactions
 As per the Accounting Standards AS - 18 Related Party Disclosure
 issued by the Institute of Chartered Accountants of India, the
 disclosure of transactions with related parties as defined in the
 Accounting Standards for the period ended 31st March, 2013 is given
 below: A List of Related Parties i Key Management Personnel and their
 Rajhoo Bbarot - Managing Director
 Rikiin R. Bbarot- Executive Director
 Bhavana R. Bbarot
 Pooja R. Bbarot
 Ridhima M. Doshi
 Rajhoo A. Bbarot - HUF
 Ambalal P. Barot - HUF ii Partnership Firms and Joint Ventures:
 ABT Developers
 Atlanta Thakural Constructions
 Shreenath Builders
 AAP Constructions
 Atlanta-ARSS Joint Venture
 ARSS-Atlanta Joint Venture iii Subsidiaries:
 Atlanta Coalmines Pvt. Ltd.
 Atlanta Energy Pvt. Ltd.
 Atlanta Hotels Pvt. Ltd. (formerly known as Atlanta Nature Homes Pvt.
 Atlanta Recycling Company Pvt. Ltd.
 Atlanta Tourism Ventures Ltd. (formerly known as Atlanta Urban
 Infrastructure Projects Pvt. Ltd.)
 Atlanta Infra Assets Ltd. (formerly known as Balaji Toll Ways Ltd.)
 Atlanta Ropar Tollways Pvt. Ltd. (formerly known as ARSS Action Ropar
 Tollway Pvt. Ltd.)
 MORA Tollways Ltd.  iv Associate Companies:
 Lucknow Varanasi Tollways Pvt. Ltd.  v Enterprises over which Key
 Management Personnel is able to exercise significant influence:
 Atul Raj Builders Pvt. Ltd.
 Vaikuntam Realty Pvt. Ltd.
 Shrikant Studios Pvt. Ltd.
 (As identified and certified by the Management and relied upon by the
 auditors, for details of transactions (excluding reimbursement) entered
 into with the related parties refer Annexure - 1).
 6 The Company has regrouped/reclassified the previous year figures
 wherever necessary to conform the current year presentation.
Source : Dion Global Solutions Limited
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