a) The company has one class of issued shares i.e. equity shares having
par value of Re.i per share. Each holder of ordinary shares is entitled
to one vote per share and equal right for dividend. The dividend
proposed by the Board of Directors is subject to the approval of
shareholders in the ensuing Annual General Meeting.
b) There has been no change/movements in number of shares outstanding
at the beginning and at the end of the reporting period.
c) The Company does not have any holding company/ultimate holding
d) Details of shareholders holding more than 5% shares in the company:
e) No shares have been reserved for issue under options and contracts/
commitments for the sale of shares/ disinvestment as at the balance
f) No shares have been allotted or has been bought back by the company
during the period of 5 years preceding the date as at which the Balance
Sheet is prepared.
g) No convertible securities has been issued by the company during the
h) No calls are unpaid by any Director and Officer of the Company
during the year.
a) Term Loan from Tourism Finance Corporation of India Ltd
i. Nature of Security
A charge by way of hypothecation of all the moveable''s including rides
and inflatable water slides and sky dance (save and except book debts)
along with moveable machinery, machinery spares, tools and accessories,
present and future and also first charge by way of mortgage of
immovable properties comprising of leasehold rights of land admeasuring
about 40 acres together with buildings, structures, erections, etc,
constructed or to be constructed therein in both present or future.
ii. Terms of Repayment
The total sanctioned loan of Rs.350 lakhs is repayable in 16 quarterly
installments of Rs.21.875 lakhs starting 15th October 2012 and ending on
15th July 2016.
b) Car Loan from banks are secured by hypothecation of specific
a) ''Based on the information available with the Company, there were
no dues during the year to entities covered under Micro, Small and
Medium Enterprises Development Act, 2006. As a result, no Interest
provisions / payments have been made by the company to such creditors,
if any, and no disclosures are required to be made in these
a) Unpaid Dividend includes an amount of Rs.1.62 lakhs and Rs.1.19
lakhs relating to the Financial Years 2000-01 and 2001-02 respectively
which should have been transferred to Investor Education and Protection
Fund. The company vide its letter dated 30th January,2009 instructed
the Banker to issue a pay order to Department of Company Affairs,
Kolkata but the banker did not affect the transaction but apportioned
the same towards their alleged claim over some other company. The
company on being advised by their Solicitor, has filed a writ petition
in the Calcutta High Court praying for directing the banker to remit
the amount to the said fund. The case as on date is sub-judice.
Subsequent to that the unpaid dividend for the year 2002-03 amounting
to Rs.1.18 lakhs lying with the same banker has also become due for
(b) CAPITAL WORK IN PROGRESS
(c) CAPITAL COMMITMENT
Estimated amount of capital commitment (net of advances) as at 31
March, 2012 is Rs. 4.11 lakhs (Previous Period Rs. 14.68 lakhs)
(d) LEASEHOLD LAND
Land (leasehold) represents only site development expenses not relating
to specific building (there being no lump sum payment). These expenses
are being amortized over the lease period of 33 years from 2nd
March,1990 , with annual lease rentals being charged to revenue.
a) Loans and Advances to Related Parties include:
Rs 20.00 lakhs (Previous Year Rs Nil) recoverable from M/s Nicco
Corporation Limited on account of advance payment of mediclaim
insurance premium & Rs.0.76 lakhs (Previous Year Rs.0.99 lakhs) from
M/s Nicco Jubilee Park Limited.
a) Trade Receivables more than six months includes an amount of Rs 0.i2
lakhs (Previous Year Rs Nil/-) receivable from M/s Nicco Engineering
Services Limited, an associate.
b) Other Receivables includes an amount of Rs 4.i7 lakhs (Previous Year
Rs Nil/-) receivable from M/s Nicco Jubilee Park Limited, an associate.
a) Repairs & Maintenance includes stores and spares consumed Rsi25.46
lakhs (Previous Period Rs.80.33 lakhs) (fully indigenous).
b) Project Expenses represent cost of turnkey contract executed by the
Company and comprises of purchases of components of Rs.18.97
lakhs(Previous Year Rs.59.33 lakhs), sub-turnkey contract made by the
company Rs.58.45 lakhs (Previous Year Rs.30.10 lakhs ) and other
related overhead expenditures of Rs.79.26 lakhs (Previous Year Rs.12.67
c) Expenditure in Foreign Currency on account of travelling Rs.6.76
lakhs, Project Promotional Travelling Rs.7.40 lakhs, Project Promotional
Expenses (Stall charges etc.)Rs.i4.i8 lakhs Advertisement Rs.2.25
lakhs, Miscellaneous Expenses Rs.0.84 lakhs(Subscription Rs.0.14 lakhs
and Business Promotion Rs.0.70 lakhs)
1.1 Contingent Liabilities not provided for
Outstanding Bank Guarantee (for WBSEDCL) Rs. 42.51 lakhs (Previous Year
Rs. 35.81 lakhs).
1.2 Segment Reporting as per Accounting Standard - 17 prescribed under
a) Primary Segment (Business)
The Company runs a Theme and Amusement park rendering services in the
nature of education and cultural recreation facilities mainly by way of
sale of Entry and Ride tickets, taken together considered as Park
Operations. The Company also has income from consultancy,
contracts, technical know-how fee/royalty, sale of ride components,
venues and food & beverages. Indirect costs are allocated to park
operations only as such amount to be attributed to the other segments
are not readily available. There are no Inter-Segment Revenues during
(b) The Company operates predominantly within the geographical limits
of India. Accordingly, Secondary Segment has not been considered.
1.3 Employee Benefits as per Accounting Standard -15 (Revised)
(a) Defined Contribution Plans
The Company makes contributions to Provident Fund Trust for certain
employees, at a specified percentage of the employees'' salary. The
Company has an obligation to make good the shortfall, if any, between
the return from the investments of trust and the notified interest
The Company also makes contributions for remaining employees to a
Government administered Provident Fund towards which the Company has no
further obligations beyond its monthly contribution.
(b) Defined Benefits Plans
The Company provides for gratuity, a defined benefit retirement plan
covering eligible employees. Liabilities with regard to the Gratuity
Plan are determined by actuarial valuation as set out in Note 1.9 (b)
above, based upon which, the Company makes contributions to the
Employees'' Gratuity Funds.
ii) Other Long Term Employee Benefits Leave Encashment Benefits
The Company makes provision for the leave encashment liability for
qualifying employees based on Actuarial Valuation.
The estimate of future salary increase takes into account inflation,
seniority, promotion and other relevant factors.
The expected return on plan assets is determined after taking into
consideration composition of the plan assets held, assessed risks of
asset management, historical results of the return on plan assets, the
Company''s policy for plan asset, management and other relevant
Contribution for a few senior management staff are made to the
Superannuation Fund maintained by the group company.Necessary
disclosures, if any, required as per Accounting Standard -i5 (Revised
2005) on account of the said fund will be made in the financial
statements of the group Company.
1.4 The Company has changed its accounting year ending from 30th
September to 3ist March during the previous financial year to make it
convenient to fall in line with various regulatory requirements. Hence
figures for the current period are for twelve months and are not
comparable with the previous year (which are for six months).
1.5 Previous period''s figures have been re-arranged / re-grouped