Note

1. The company has only one class of equity shares having par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the realized value of the assets of the Company, remaining after payment of all preferential dues. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. Details of shares held by each shareholder holding more than 5% shares:

3 Contingent Liabilities

There are no contingent liabilities as on the date of the financial statements.

4 Segment Information for the year ended March 31, 2016

As the Company is engaged only in one business segment i.e. Construction & Sale of Flats and there are no geographical segments, the Balance Sheet as at March 31, 2016 and the Profit and Loss Account for the year ended March 31, 2016 pertain to one business segment and related activities as per Accounting Standard (AS) 17 on "Segment Reporting".

5 Related party transactions

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below

6. Relationships during the year

(A) Subsidiary Company

Newtech infrastructure Pvt Ltd (with effect from 15th October, 2015)

Nocil Infrastructure Ltd. (with effect from 15th October, 2015)

(B) Key Managerial Personnel

Naresh K. Mehta Dilipkumar K. Mehta

(C) Enterprises over which Key Managerial Personnel Having Significance Influence

Neo builders Limited

Neon Metal Impex Pvt Ltd

Neo builders & Developers (Proprietor)

Nocil Steels (Partnership)

Universal Builders & Developers

Stamag Builders And Developers Private Limited

Nancy Exports

7. Provision for retirement benefits to employees was not provided on accrual basis, which is not in conformity with Accounting Standard-15 issued by ICAI and the amount has not been quantified because actuarial valuation report is not available. However, in the opinion of the management the amount involved is negligible and has no material impact on the Profit & Loss Account.

8. Trade payable, Trade receivables, loan and advances balances are subject to confirmation and reconciliation.

9. The Company has not received intimation from most of the suppliers regarding the status under the Micro, Small and Medium Enterprise Development Act, 2006, and hence disclosure requirements in this regard as per schedule II of the Companies Act, 2013 is not being provided.

10. Figures of previous year are regrouped, rearranged and reclassified wherever necessary to correspond to figures of the current year.