Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Associate Partners:

  • Kotak Mutual Fund
  • Pharmeasy
  • Indiabulls
  • SBI

Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Technology Partner

Dell Technologies

Associate Partners

Kotak Mutual Fund
Pharmeasy
Indiabulls
SBI
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Ansal Housing Ltd.

BSE: 507828 | NSE: ANSALHSG |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE880B01015 | SECTOR: Construction & Contracting - Housing

BSE Live

Jan 27, 16:00
9.42 -0.18 (-1.88%)
Volume
AVERAGE VOLUME
5-Day
27,072
10-Day
42,207
30-Day
76,802
12,146
  • Prev. Close

    9.60

  • Open Price

    9.80

  • Bid Price (Qty.)

    9.32 (120)

  • Offer Price (Qty.)

    9.50 (1550)

NSE Live

Jan 27, 15:58
9.40 -0.30 (-3.09%)
Volume
AVERAGE VOLUME
5-Day
161,196
10-Day
198,520
30-Day
314,728
136,746
  • Prev. Close

    9.70

  • Open Price

    9.70

  • Bid Price (Qty.)

    9.40 (698)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Auditor's Report

1. We have audited the attached Balance Sheet of M/s Ansal Housing & Construction Ltd. as at 31st March 2009 and also the Profit and Loss Account and the Cash Flow Statement for the year ended on that date annexed thereto. These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit. 2. We conducted our audit in accordance with auditing standards generally accepted in India.Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidences supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 3. As required by the Companies (Auditors Report) Order, 2003 as amended by (Amendment) Order, 2004 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956, we enclose in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said order. 4. Further to our comments in the Annexure referred to in paragraph 3 above, we report that: a) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit. b) In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of the books. c) The Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account. d) In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report comply with accounting standards referred to in sub section (3C) of Section 211 of the Companies Act, 1956. e) On the basis of the written representations received from the directors as on 31st March, 2009 and taken on record by the Board of Directors, we report that none of the directors is disqualified as on 31st March 2009 from being appointed as a director in terms of clause (g) of sub- section (1) of section 274 of the Companies Act, 1956. f) Without qualifying our opinion, we draw attention to Note No. 4 in Schedule 15 to the financial statements. The Company has advanced Rs. 1176.97 lacs to certain parties/collaborators which have been accounted for as advances for land. In the absence of underlying contract / agreement in this regard, we have relied on the managements representation that the advances are good and recoverable. g) In our opinion and to the best of our information and according to the explanations given to us, the accounts read with accounting policies and other notes, give the information required by the Companies Act, 1956, in the manner so required and give true and fair view in conformity with the accounting principles generally accepted in India: i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2009 and ; ii) in the case of the Profit and Loss Account, of the profit for the year ended on that date. iii) in the case of the cash flow statement, of the cash flows for the year ended on that date. Annexure to the Auditors Report (Referred to in Paragraph 3 Thereof) Based on the audit procedures performed for the purpose of reporting a true and fair view on the Financial Statements of the Company and taking into consideration the information and explanations given to us and the books and accounts and other records examined by us in the normal course of audit, we report that: 1. a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. b) As explained to us, the fixed assets are physically verified by the management in a phased periodical manner, which in our opinion is reasonable, having regard to the size of the Company and nature of its assets. No material discrepancies were noticed on such physical verification. c) The Company has not disposed off a substantial part of the fixed assets during the year and hence the going concern assumption is not affected. 2. a) As per information and explanations given to us, the inventory at major locations has been physically verified during the year by the management. In our opinion, the frequency of verification is reasonable. b) In our opinion and according to the explanations given to us, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. c) The Company has maintained proper records of inventory. As explained to us, there were no material discrepancies noticed on physical verification of inventory as compared to the book records. 3. a) The Company has granted unsecured interest free loan to a wholly owned subsidiary company. The maximum amount involved during the year and year end balance of loan was Rs.500 lacs. b) The loan is interest free being given to a wholly owned subsidiary. c) In respect of loan given to the wholly owned subsidiary, there is no stipulation regarding repayment. d) During the year, the Company had taken a loan of Rs. 500 lacs from a party covered in the register maintained under section 301 of the Companies Act, 1956 which was repaid during the year itself.The maximum amount involved during the year was Rs. 500 lacs. e) In our opinion, the rate of interest and other terms and conditions of such loan are not prima facie prejudicial to the interests of the Company. f) In respect of loans taken, repayment of principal and interest has been regular. 4. In our opinion and according to the information and explanations given to us, there is an adequate internal control procedure commensurate with the size of the Company and the nature of its business for purchase of inventory and fixed assets and for sale of goods and services. During the course of audit, we have neither come across nor have been informed of any continuing failure to correct major weakness in the aforesaid internal control procedures. 5. a) According to information and explanation given to us, we are of the opinion that the transactions that need to be entered into the register in pursuance of section 301 of the Companies Act, 1956 have been so entered. b) In our opinion and accordingto the information and explanations given to us, the transactions made in pursuance of contracts or arrangements entered into the register in pursuance of section 301 of the Companies Act, i956 and exceeding the value of Rs. five lakhs in respect of each party during the year have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time. 6. In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of sections 58A and 58AA or any other relevant provisions of the Companies Act, 1956 and the Companies Acceptance of Deposits Rules, 1975. According to the information and explanations given to us, in this regard, no order under the aforesaid sections has been passed by the Company Law Board or National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal on the Company. 7. In our opinion the Company has an internal audit system commensurate with the size and nature of its business. 8. The Central Government of India has not prescribed the maintenance of cost records U/s 209 (1) (d) of the Companies Act, 1956 for any of the products of the Company. 9. a) According to the information and explanations given to us, and records of the Company examined by us, in our opinion, the Company is generally regular in depositing with appropriate authorities statutory dues including provident fund, investor education and protection fund, employees state insurance, income-tax, sales tax, wealth tax, service tax, custom duty, excise duty, cess and other statutory dues, wherever applicable. b) According to the information and explanations given to us and the records of the Company examined by us, the disputed amounts payable in respect of income-tax, sales tax, wealth tax, custom tax and excise duty/cess not deposited with the appropriate authorities are as follows: Nature of dues Amount Period to which the amount relates Forum where dispute is pending (Rs. In lacs) Assessment year Income Tax 42.68 2004-05 ITATDelhi bench, New Delhi. 61.27 2005-06 ITAT Delhi bench, New Delhi. Wealth Tax 0.49 2004-05 CWT (Appeals) New Delhi. Sales Tax 12.38 2003-04 Tribunal, Commercial Tax, Ghaziabad. 31.50 2004-05 Tribunal, Commercial Tax, Ghaziabad. In some of the cases appeals have been decided in favour of the Company but revised demands after giving appeal effect have not been received from the tax department. The amounts in dispute have been calculated by the Company after taking into account the relief allowed in the appeals. 10. The Company does not have any accumulated losses and has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year. 11. According to the records of the Company examined by us and the information and explanations given to us, there has been delay in repayment of dues to financial institutions and banks during the year as per details given below: S. No. Name of Bank/ Amount payable Due Date Date Financial of payment Institue tion (Rs. In lacs) . 1. Allahabad Bank 50.00 28.2.2009 9.3.2009 to 30.3.2009 125.00 20.3.2009 13.4.2009 to 15.6.2009 2. SICOMLtd. 300.00 15.08.2008 2.9.2008 383.00 15.02.2009 20.2.2009 to 11.5.2009 3 State Bank of Bikaner and Jaipur 125.00 31.03.2009 5.5.2009 to 29.6.2009 12. According to the information and explanation given to us, the Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures, and other securities. 13. The provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund / societies are not applicable to the Company. 14. In our opinion, the Company is not a dealer or trader in shares, securities, debentures and other investments. 15. In our opinion and based on the information and explanations given to us, the company has not given any guarantee for loans taken by others except for its wholly owned subsidiary from banks or financial institutions during the year. 16. According to the information and explanations given to us and the records examined by us, terms loans obtained for financing real estate projects, in our opinion, on an overall basis, were used for the real estate projects. 17.0n the basis of an overall examination of the Balance sheet of the Company, in our opinion and according to the information and explanations given to us, there are no funds raised on short term basis which have been used for long term investments. 18. The Company has not made preferential allotment of shares during the year to parties and companies covered in the Register maintained under section 301 of the Companies Act, 1956. 19. The Company has not issued any debentures during the year. 20. The company has not raised any money by public issue during the year. 21. According to the information and explanations given to us, during the year, no fraud on or by the Company has been noticed or reported during the course of our audit. For Khanna & Annadhanam Chartered Accountants Place: New Delhi (Jitender Dhingra) Date : 301h June, 2009 Partner Membership No. 90217