Maplle Infraprojects Ltd. के अकाउंट के लिये नोट

Mar 31, 2014

1. Balances in Debtor''s, Creditors and Deposits accounts are subject to confirmation. The adjustments, if any, in respect of such confirmation or any consequent scrutiny arising there from, will be made in the subsequent year.

2. in the opinion of the Board of Directors, the current assets, loans and advances have a value on realization in ordinary course of Business. At least equal to the amount at which they are stated.

3. During the Year Company has incurred a sum of Rs. 11,95,590.39 on Foreign Travel for visit to South Africa for Investment in Apartment Hotels, since the Project is yet not finalized, the same has been capitalized, as deferred revenue expenditure, as the benefit of the expenses is expected to realize in future.

4. Taxation

In compliance with the Accounting Standard (AS) 22 "Accounting for Taxes on Income" the Company has provided Income-Tax (MAT) of Rs. 52390/-. Further the Company has recognized net Deferred Tax Asset of Rs. 30064/- (previous year Deferred Tax Liability Rs. 88695/-) in the profit and loss account for the year.

A. Relationship

a. Associate Companies

Parekh Sons Builders Pvt. Ltd. Parekhsons Builders Pvt. Ltd. Maple Communication P. Ltd. Maple Communication Pvt. Ltd. Maple Publication Pvt. Ltd. Maple Publication Pvt. Ltd. Maple Realtors Pvt. Ltd Maple Realtors Pvt. Ltd. Ashmi Parekh & Others Ashmi Parekh & Others Kesaria Securities Pvt. Ltd. Basera Securities Pvt. Ltd.

b. Directors and their relatives

Atul Parekh Atul Parekh Ashmi Parekh Ashmi Parekh Aditya Parekh Aditya Parekh Nirali Parekh Nirali Parekh Jaysukh Mashru Jaysukh Mashru

5. Segment Reporting

The Company had been engaged in real estate development activities as well trading of Transferable development Rights (TDRs). Considering real estate development and dealing in TDRs, related to real estates, Company has only one single segment of real estates and therefore no separate segment reporting is furnished.

6. As per Best estimates of the management, no provision is required to be made as per Accounting Standard (AS 29) "Provisions, Contingent Liabilities and Contingent Assets" issued by the Institute of Chartered Accountants of India, in respect of any present obligation as a result of past event that could lead to a probable outflow of resources, which would be required to settle the obligation.

7. Previous year figures have been re-grouped/ re-arranged/ re-worked wherever necessary. Figures in brackets pertain to previous year.

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Mar 31, 2013

1. Balances in Debtor''s, Creditors and Deposits accounts are subject to confirmation. The adjustments, if any, in respect of such confirmation or any consequent scrutiny arising there from, will be made in the subsequent year.

2. In the opinion of the Board of Directors, the current assets, loans and advances have a value on realization in ordinary course of Business. At least equal to the amount at which they are stated.

3. Taxation

In compliance with the Accounting Standard (AS) 22 "Accounting for Taxes on Income" the company has provided Income-Tax (MAT) of Rs. 84861/-. Further the company has recognized net deferred tax expenses of Rs. 88695/- (previous year Rs. 362765/-) in the profit and loss account for the year.

4. Previous year figures have been re-grouped/ re-arranged/ re-worked wherever necessary. Figures in brackets pertain to previous year.

5. Schedule A to R form an integral part of the Balance Sheet and have been duly authenticated.

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Mar 31, 2012

2011-2012 2010-2011

1. Contingent Liabilities not provided for NIL NIL

2. Balances in Debtor's, Creditors and Deposits accounts are subject to confirmation. The adjustments, if any, in respect of such confirmation or any consequent scrutiny arising there from, will be made in the subsequent year.

3. In the opinion of the Board of Directors, the current assets, loans and advances have a value on realization in ordinary course of Business. At least equal to the amount at which they are stated.

4. Taxation

In compliance with the Accounting Standard (AS) 22 "Accounting for Taxes on Income" the company has provided Income-Tax (MAT) of Rs. 144081/-. Further the company has recognized net deferred tax expenses of Rs. 362765/- (previous year Rs. 501419) in the profit and loss account for the year.

5. Related Party Disclosures:

A. Relationship

a. Associate Companies

Parekh Sons Builders Pvt. Ltd. Parekh Sons Builders Pvt. Ltd.

Maple Communication P. Ltd. Maple Communication P. Ltd.

Maple Publication P. Ltd. Maple Publication P. Ltd.

Maple Realtors P. Ltd Maple Realtors P. Ltd.

Ashmi Parekh & Others Ashmi Parekh & Others

b. Directors and their relatives

Atul Parekh Atul Parekh

Ashmi Parekh Ashmi Parekh

Aditya Parekh Aditya Parekh

Nirali Parekh Nirali Parekh

6. Segment Reporting

The company had been engaged in real estate development activities as well trading of Transferable development Rights (TDRs). Considering real estate development and dealing in TDRs, related to real estates, company has only one single segment of real estates and therefore no separate segment reporting is furnished.

7. As per Best estimates of the management, no provision is required to be made as per Accounting Standard (AS 29) "Provisions, Contingent Liabilities and Contingent Assets" issued by the Institute of Chartered Accountants of India, in respect of any present obligation as a result of past event that could lead to a probable outflow of resources, which would be required to settle the obligation.

8. The company had incurred expenditure on overseas market development and survey etc. for its Export

business as well for the sourcing of imports for trading in earlier years, and part of the expenses were capitalized. The Expenses were considered as deferred revenue expenditure and are being written off in three installments, from next year, in which incurred. During the year an amount of Rs. 315298/- has been written off.

9. Previous year figures have been re-grouped/re-arranged/re-worked wherever necessary. Figures in brackets pertain to previous year.

10. Schedule A to R form an integral part of the Balance Sheet and have been duly authenticated.

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Mar 31, 2010

1. No provision is made for diminution in the value of the Investments in Aurica Laminates Ltd. consequent to the losses incurred by it. The company has lost its entire net worth. In view of the same, the Investments have been overstated by Rs. 213.25 Lacs, and the profit of the company is understated by equivalent amount due to non-provision for the diminution in the value of investments.

2. Balances in Debtors, Creditors and Deposits accounts are subject to confirmation. The adjustments, if any, in respect of such confirmation or any consequent scrutiny arising there from, will be made in the subsequent year.

3. In the opinion of the Board of Directors, the current assets, loans and advances have a value on realization in ordinary course of Business. At least equal to the amount at which they are stated.

4. Taxation

In compliance with the Accounting Standard (AS) 22 "Accounting for Taxes on Income" the company has provided Income-Tax (MAT) of Rs. 102904/-. Further the company has recognized net deferred tax expenses of Rs. 282177/- in the profit and loss account for the year.. The break up of the Deferred Tax Assets (Liability) into major components as at the end of the year is as under:

A. Relationship

a. Associate Companies

Parekhsons Builders Pvt. Ltd.

Maple Communications P. Ltd.

Maple Publications P. Ltd.

Maple Realtors P. Ltd.

Aurica Laminates Ltd.

Ashmi Parekh & Others

Parekhscr.s Builders Pvt. Ltd.

Maple Communications P. Ltd.

Maple Publications P. Ltd.

Maple Realtors P. Ltd.

Aurica Laminates Ltd.

Ashmi Parekh & Others

b. Directors and their relatives

Atul Parekh

Ashmi Parekh

Aditya Parekh

Nirali Parekh

Jaysukh Mashru

Atul Parekh

Ashmi Parekh

Aditya Parekh

Jaysukh Mashru

a. Segments have been identified in accordance with Accounting Standard on Segment Reporting (AS 17) taking into account the organization structure as well differential risk and returns of these segments.

b. Business Segments have been disclosed as primary segment.

c. Types of Products and services in each segment are as follows :

i. Real Estate Development : Development of real estate, commercial and residential properties

ii. Merchandizing Trading Activities : Imports and Exports of commodities, metal scrap, vegetables, TDR etc.

d. Segment Revenue, operating results, assets and liabilities includes the amount identifiable to each segment and amount allocated on reasonable basis.

e. Segment assets exclude deferred tax assets.

f. Since the company has started merchandising trade activities during the year only hence segment wise data has been furnished for this year only. Previous year there had been negligible activities and hence no separate data are available.

5. As per Best estimates of the management, no provision is required to be made as per Accounting Standard (AS 29) "Provisions, Contingent Liabilities and Contingent Assets" issued by the Institute of Chartered Accountants of India, in respect of any present obligation as a result of past event that could lead to a probable outflow of resources, which would be required to settle the obligation.

6. The company has incurred an amount of Rs. Nil during the year (Rs. 945893/- previous year) as expenditure on overseas market development and survey etc. for its Export business as well for the sourcing of imports, for trading. Since the benefit of the same is expected in the forthcoming years, therefore the same has been capitalized. The Expenses are considered as deferred revenue expenditure and proposed to be written off in three installments, from next year, in which incurred. During the year an amount of Rs. 696905/- has been written off.

7. Previous year figures have been re-grouped/ re-arranged/ re-worked wherever necessary. Figures in brackets pertain to previous year.

8. Schedule A to N form an integral part of the Balance Sheet and have been duly authenticated.