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 25, 15:43
9.60 0.45 (4.92%)
Volume
AVERAGE VOLUME
5-Day
32,681
10-Day
46,964
30-Day
91,723
15,319
  • Prev. Close

    9.15

  • Open Price

    8.88

  • Bid Price (Qty.)

    9.60 (35285)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jan 25, 15:52
9.70 0.45 (4.86%)
Volume
AVERAGE VOLUME
5-Day
170,326
10-Day
222,611
30-Day
475,067
219,953
  • Prev. Close

    9.25

  • Open Price

    8.80

  • Bid Price (Qty.)

    9.70 (2115)

  • 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 2010 and also the Proft and Loss Account and the Cash Flow Statement for the year ended on that date annexed thereto. These fnancial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these fnancial 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 fnancial statements are free of material misstatement. An audit includes examining, on a test basis, evidences supporting the amounts and disclosures in the fnancial statements. An audit also includes assessing the accounting principles used and signifcant estimates made by management as well as evaluating the overall fnancial 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 specifed in paragraphs 4 and 5 of the said order. 4. Without qualifying our opinion, we have to state that: a) The Company has advanced Rs. 820.97 lacs to certain parties/collaborators which have been accounted for as advances for land. In the absence of underlying contracts/agreements in this regard, we have relied on the managements representation that the advances are good and recoverable (Note No. 4 of Schedule 15). b) Commission payable to non-executive directors amounting to Rs. 10 lacs is subject to approval by the Central Government (Note No. 12(b) of Schedule 15). 5. Further to our comments in the Annexure referred to in paragraph 3 and 4 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, Proft 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, Proft 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, 2010 and taken on record by the Board of Directors, we report that none of the directors is disqualifed as on 31st March 2010 from being appointed as a director in terms of clause (g) of sub- section (1) of section 274 of the Companies Act, 1956. f) 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 afairs of the Company as at 31st March, 2010 and ; ii) in the case of the Proft and Loss Account, of the proft for the year ended on that date. iii) in the case of the cash fow statement, of the cash fows 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 fxed assets. b) As explained to us, the fxed assets are physically verifed 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 verifcation. c) The Company has not disposed of a substantial part of the fxed assets during the year and hence the going concern assumption is not afected. 2. a) As per information and explanations given to us, the inventory of building materials, stores and spares, restaurants provisions, beverages etc. and fats/shops/ houses etc. at major locations has been physically verifed during the year by the management. In our opinion, the frequency of verifcation is reasonable. According to the information and explanations given to us, keeping in view the nature of the operations of the Company, inventory of work-in-progress can not be physically verifed. b) In our opinion and according to the explanations given to us, the procedures of physical verifcation 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 verifcation 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) The Company has not taken any loans, secured or unsecured, from companies firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. 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 fxed 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 according to 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, 1956 and exceeding the value of Rs. fve 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 Forum where dispute is pending (Rs. In lacs) relates Assessment year Wealth Tax 0.49 2004-05 CWT (Appeals)-I, New Delhi. Sales Tax 12.38 2003-04 and Tribunal, Commercial Tax, Ghaziabad. 31.50 2004-05 Provident Fund 66.78* June 1994 to March 2006 Employees Provident Fund Appellate Tribunal Employee State Insurance 2.97 June 1998 to April 1999 District Courts, Tees Hazari, Delhi * In respect of provident fund dues, the company has paid Rs. 16.69 lacs against the above demand. 10. The Company does not have any accumulated losses and has not incurred cash losses during the fnancial year covered by our audit and the immediately preceding fnancial year. 11. According to the records of the Company examined by us and the information and explanations given to us, in a few cases during the year there have been delays in repayment of dues to banks amounting to Rs. 600 lacs ranging from 15 days to 112 days and to fnancial institutions amounting to Rs. 600 lacs ranging from 47days to 60 days. The defaults pertain to repayments due upto 15.8.2009 which have been regularized by the Company by October, 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 beneft 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 fnancial institutions during the year. 16. According to the information and explanations given to us and the records examined by us, terms loans obtained for fnancing real estate projects, in our opinion, on an overall basis, were used for the real estate projects. 17. On 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 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. In our opinion and according to the information and explanations given to us, the price at which shares have been issued to these parties is not prejudicial to the interest of the Company. 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 (Firm Registration No. 1297N) Place : New Delhi Date : 31st May, 2010 (Jitender Dhingra) Partner Membership No. 90217