MARKET RADAR
SENSEX     NIFTY      Refresh
Moneycontrol.com India | Notes to Account > Construction & Contracting - Housing > Notes to Account from BSEL Infrastructure Realty - BSE: 532123, NSE: BSELINFRA
YOU ARE HERE > MONEYCONTROL > MARKETS > CONSTRUCTION & CONTRACTING - HOUSING > NOTES TO ACCOUNTS - BSEL Infrastructure Realty
BSEL Infrastructure Realty
BSE: 532123|NSE: BSELINFRA|ISIN: INE395A01016|SECTOR: Construction & Contracting - Housing
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
May 23, 17:00
2.91
-0.1 (-3.32%)
VOLUME 108,748
LIVE
NSE
May 23, 17:00
2.90
0
VOLUME 19,371
« Mar 10
Notes to Accounts Year End : Mar '11
1.  Previous year''s figures
 
 The Previous year''s figures have been recasted / restated, wherever
 necessary to confirm to current year classification.
 
 2.  Share Capital
 
 The Company has at present, only one class of shares i.e. Equity
 Shares.
 
 3.  Fixed Assets
 
 During the year, the Company has purchased net fixed assets of Rs.
 17.76 Lacs (Previous Year :— Sale of net fixed assets of Rs. 5.46 Lacs
 ) from its gross block.
 
 4.  Loans and Advances
 
 Advances recoverable in cash, kind or value to be received are
 primarily towards prepayments for value to be received. Other advances
 represent deposit for office premises, telephone deposit, advance to
 contractors, advance for the purchase of commercial premises and
 deposit to the local authorities such as NMMC— Fire Brigade / MSEB etc.
 Advances also include loans to Subsidiary and Joint Ventures.
 
 ft.  Foreign Exchange
 
 Foreign currency transactions during the year recorded at the exchange
 rate prevailing on the date of the transaction.
 
 7.  Current Tax
 
 The Company has no current tax charge due to loss incurred by the
 company for the financial year ended on 31st March, 2011.  (Previous
 Year Tax:- Nil).
 
 8.  Earning/Expenditure in Foreign Currency
 
 Earning: - C Nil (Previous Year:- Rs. Nil)
 
 Expenditure:- Rs. Nil (Previous Year:- Rs. Nil)
 
 10.  Related Party Disclosures
 
 Related Party Disclosure as required by AS-18 Related Party
 Disclosure are given below:
 
 1 Individuals owing directly or indirectly an interest in the voting
 power that gives them control or significant influence: Name of the
 Party Nature of Relationship
 
 Kirit R. Kanakiya — Chairman
 
 2.  Key management personnel
 
 Name of the Party Nature of Relationship
 
 Kirit R. Kanakiya — Chairman
 
 Dharmendra Raichura — Managing Director
 
 3.  Other related parties and nature of relationship
 
 (a) Nature of Relationship:- Associate Concerns
 
 (b) Name of the Parties
 
 a.  Beachcraft Investments Trading Co. Pvt. Ltd.  
 
 b.  Blackmore Investment & Trading Co. Pvt. Ltd.
 
 c.  Consisent Packagers Pvt. Ltd.  
 
 d.  Pleasant Packaging Co. Pvt. Ltd.
 
 e.  Poornima Commercial Pvt. Ltd.  
 
 f.  Pravara Commercial Pvt. Ltd.
 
 g.  Relaxed Packagers Pvt. Ltd.  
 
 h.  Orbit Plastics Private Limited.
 
 i.  Timberhill Engineers Pvt. Ltd.  
 
 j.  KKR Commercial Brokerage, LLC.
 
 k.  Reshma Plastics Pvt. Ltd.  
 
 I.  Total Bizcon Solution Limited.
 
 m.  Western Bizcon Services Ltd.  
 
 n.  Contact Consultancy Services Pvt.  Ltd.
 
 o.  Stock Watch Securities Pvt. Ltd.  
 
 p.  Stock Watch.
 
 q.  Supreme Compliment Sdn. Bhd.  
 
 r.  BSEL Molek Sdn. Bhd.
 
 s.  Jitovest Sdn. Bhd.  
 
 t.  Splendid Advisory Sdn.Bhd.
 
 u.  BSEL Resources Sdn. Bhd.
 
 4.  Subsidiaries and Joint Ventures
 
 a.  Wholly Owned Subsidiary/Sub-Subsidiary BSEL Infrastructure Realty
 FZE
 
 b.  Sub-Subsidiaries
 
 BSEL Waterfront Sdn. Bhd.
 
 BSEL Infrastructure Realty Sdn. Bhd.
 
 c.  Joint Ventures
 
 Goa Tech Parks Pvt. Ltd.
 
 14.  Consolidated Financial Statements
 
 The consolidated financial statements are published as per the
 Accounting Standard 21 - Consolidated Financial Statements issued by
 Institute of Chartered Accountants of India.
 
 15.  Dues to Small Scale Industrial Undertakings
 
 Due to Micro, Small, Medium Enterprises as defined under the MSMED Act,
 2006 is Rs. Nil (Previous Year Rs. Nil).This information 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.
 
 16.  There are no amounts due and outstanding to be credited to
 Investor Education Protection Fund.
 
 17.  Employees Benefits
 
 a) Defined Contribution Plans
 
 The Group''s Contribution paid/ payable during the year towards
 Provident Fund is charged in the Profit and Loss Account every year
 
 b) Defined Benefit Plan
 
 During the current Financial year Provisions of Rs.105,346/- (Previous
 Year Rs. 576,000/-) is made towards Gratuity liability as on 31.03.2011
 under the payment of Gratuity Act,1972.
 
 18.  Provision for Doubtful Debts
 
 There is no doubtful amount receivable from the parties, therefore no
 provision has been made towards Doubtful Debts in the books of
 accounts.
 
 19.  Prior Period Items
 
 Prior period items having material impact on the financial affairs of
 the Company have been disclosed.
 
 20.  There is no employee drawing Salary of Rs. 2 Lacs per month or
 more.
 
 21.  Contingent liability which can be reasonably ascertained are
 provided for if it is in the opinion of the Company the future outcome
 of the same may be detrimental to the Company.
 
 22.  All the Loans and Advances (Assets) and Current Assets and Current
 Liabilities are subject to confirmation from the respective parties.
 
 23.  Balance of Unpaid Dividend Account as at 31st March, 2011 is
 Rs.1,355,366/-.
 
 24.  Other additional information pursuant to Schedule VI Part II of
 the Companies Act, 1956 are not applicable to the Company.
 
 
Source : Dion Global Solutions Limited
Quick Links for bselinfrastructurerealty
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.