|
| NOTE TO CONSOLIDATED BALANCE SHEET |
|
| NOTE NO. 1 SHARE CAPITAL |
|
(  In Crores) |
|
31-Mar-13 |
31-Mar-12 |
| 1. SHARE CAPITAL |
|
|
|
| Authorised: |
|
|
|
| 37,49,95,000 (37,49,95,000 Shares of 2/- Each) Equity Shares of 2/- Each |
75.00 |
75.00 |
|
| 1000 (1000) 5% Cumulative Redeemable Preference Shares of 10/- each. |
0.00 |
0.00 |
|
|
75.00 |
75.00 |
|
| Issued, Subscribed and paidup |
|
|
|
| (a) Equity Shares : |
|
|
|
| Balance at the Beginning of the year |
55.84 |
55.84 |
|
| 27,92,01,220 Equity Shares 2/- Each Fully paid up (P.Y. 27,92,01,220 Equity Shares 2/- Each Fully paid up) |
|
|
|
| Includes 13,33,20,055 Shares of 2/- Each ( P.Y. 13,33,20,055 Shares of 2 /- each) issued pursuant to Schemes of Arrangement for consideration other than cash issued prior to five year from this balance sheet date. |
|
|
|
| Less : Cancellation of 11,68,82,052 Equity Shares of 2/- each Acquired in Amalgamation scheme as per Honourable Bombay High Court Order |
- |
23.38 |
|
| Add : Issue of 11,68,82,052 Equity shares of 2/- each to erstwhile share holder of Topstar Mercantile Private Limited as per Amalgamation scheme approved by Honourable Bombay High Court |
- |
23.38 |
|
| Add:Forfeiture of Shares |
0.06 |
0.06 |
|
| Balance at the end of the year |
55.90 |
55.90 |
|
| (b) Preference Shares : |
|
|
|
| Balance at the Beginning of the year |
0.00 |
0.00 |
|
| 1,000 (1,000) 5% Cumulative Redeemable Preference Shares of 10/- each pursuant to Scheme of Arrangement for consideration other than cash |
|
|
|
| Balance at the end of the year |
0.00 |
0.00 |
|
| Balance at the end of the year total share capital- (a) +(b) |
55.90 |
55.90 |
|
|
Note:
a Terms /rights attached to Equity shares
The Company has only one class of equity shares having a par value of 2 per share. Each holder of equity share is
entitled to one vote per share. All shares rank pari passu with regard to dividend and repayment of capital.
Board of Director’s have recommended a dividend of 1.50 (P.Y. 1.10 ) per equity share (75%(P.Y. 55%) of Face
value of equity share of 2)
b Terms /rights attached to 5% Cumulative Redeemable Preference Shares :
The Company has only one class of Preference shares having par value of 10 each Preference shares are redeemable
on the expiry of ten years from the date of allotment,with an option for the Company for early redemption but not before
18 months from the date of allotment 25th January 2006.
The preference shareholder do not have any voting right
Equity Shares in the Company held by each shareholders holding more than 5% shares specifying the number of shares
held:
|
| Sr.No |
Name of Share holder |
31-Mar-13 |
31-Mar-13 |
| No. of shares held |
% of Holding |
No. of shares held |
% of Holding |
| 1 |
1 Ashok Piramal Group Real Estate Trust through its Trustee Ms. Urvi A. Piramal |
14 89 29 248 |
53.34 |
14 89 28 691 |
53.34 |
|
| 2 |
Franklin templeton investment funds |
2 79 16 705 |
10.00 |
2 79 19 414 |
10.00 |
|
| 3 |
Templeton Emerging Markets Investment Trust PLC |
1 55 95 175 |
5.59 |
1 55 95 175 |
5.59 |
|
|
|
|
5% Cumulative Redeemable Preference Shares in the Company held by each shareholders holding more than 5% shares specifying the number of shares held:
|
|
| Sr.No |
Name of Share holder |
31-Mar-13 |
31-Mar-13 |
| No. of shares held |
% of Holding |
No. of shares held |
% of Holding |
| 1 |
Ashok Piramal Group Real Estate Trust through its Trustee Ms. Urvi A. Piramal |
1000 |
100% |
1000 |
100% |
|
|
|
| Details of Shares Held by Controlling entity |
|
| Sr.No |
Name of Share holder |
31-Mar-13 |
31-Mar-13 |
| No. of shares held |
% of Holding |
No. of shares held |
% of Holding |
| 1 |
Ashok Piramal Group Real Estate Trust through its Trustee Ms. Urvi A. Piramal |
14 89 29 248 |
53.34 |
14 89 28 691 |
53.34 |
|
|
|
| NOTE NO. 2 RESERVES AND SURPLUS |
| ( In Crores) |
|
2012-2013 |
2012-2013 |
2011-2012 |
2011-2012 |
| Capital Reserve |
|
|
|
|
|
|
| As per last Balance Sheet |
|
1.85 |
|
1.85 |
|
|
| Add : Acquired under Merger Scheme |
|
0.65 |
|
- |
|
|
|
|
|
2.50 |
|
1.85 |
|
| Capital Redemption Reserve |
|
|
0.17 |
|
0.17 |
|
| Securities Premium Reserve |
|
|
|
|
|
|
| As per last Balance Sheet |
|
640.32 |
|
640.32 |
|
|
| Less : Applied towards Expenses on issue of Debentures |
|
23.03 |
|
- |
|
|
|
|
|
617.29 |
|
640.32 |
|
| General Reserve |
|
272.40 |
|
242.40 |
|
|
| Add: Transfer from Profit & Loss Statement |
|
27.60 |
|
30.00 |
|
|
|
|
|
300.00 |
|
272.40 |
|
| Debenture Redemption Reserve |
|
|
|
|
|
|
| As per last Balance Sheet |
|
- |
|
- |
|
|
| Add: Transfer from Profit & Loss Statement |
|
32.15 |
|
- |
|
|
|
|
|
32.15 |
|
- |
|
| Reserve Funds in terms of section 45IC(1) RBI ACT |
|
0.61 |
|
0.59 |
|
|
| Add : Transfer from Profit and Loss Statement |
|
0.01 |
|
0.02 |
|
|
|
|
|
0.62 |
|
0.61 |
|
| Profit and Loss Statement |
|
|
|
|
|
|
| As per last Balance Sheet |
|
538.81 |
|
453.08 |
|
|
| Add : Net Profit for the year |
|
195.34 |
|
151.44 |
|
|
| Less : Transfer to Debenture Redemption Reserve |
|
32.15 |
|
- |
|
|
| Less : Proposed Dividend on Equity Shares |
|
41.88 |
|
30.71 |
|
|
| Less : Distribution Tax thereon |
|
7.12 |
|
4.98 |
|
|
| Less : Proposed Dividend on Preference Shares |
|
0.00 |
|
0.00 |
|
|
| Less : Distribution Tax thereon |
|
0.00 |
|
0.00 |
|
|
| Less : Transfer to Reserve fund in terms of 45IC (1) |
|
0.01 |
|
0.02 |
|
|
| Less : Transfer to General Reserve |
|
27.60 |
|
30.00 |
|
|
|
|
|
625.38 |
30.00 |
538.81 |
|
| Total |
|
|
1578.11 |
30.00 |
1454.16 |
|
|
| NOTE NO. 3 LONG TERM BORROWINGS |
| ( In Crores) |
|
31-Mar-13 |
31-Mar-13 |
| Long Term Borrowings |
|
|
|
| I Secured Loan |
|
|
|
| A From Banks ( Term Loan ) |
350.85 |
403.83 |
|
| B From Financial Institutions |
92.98 |
295.00 |
|
| C Debentures |
361.78 |
- |
|
| D Others |
- |
56.25 |
|
| Total |
805.61 |
755.08 |
|
| II Unsecured Loan |
|
|
|
| A Others |
3.55 |
9.26 |
|
| Total |
3.55 |
9.26 |
|
| Total Long Term Borrowings ( I+II) |
809.16 |
764.34 |
|
|
| ( In Crores) |
| Sr No. |
Particulars |
31-Mar-13 |
31-Mar-12 |
| I |
Secured Loan from : |
|
|
|
| A |
Loan from Bank |
|
|
|
| 1 |
From Bank 1 |
|
|
|
| a |
Terms of Loan Repayment |
|
|
|
|
Outstanding balance as at balance sheet date is repayable over a period of 41 months in varying monthly instalments ( P.Y. NIL) |
51.00 |
- |
|
| b |
Security |
|
|
|
|
Secured against charge of Immovable property (held for real estate development ) belonging to Subsidiaries Companies and other Companies for whom the Company has undertaken the project development and execution. |
|
|
|
| 2 |
From Bank 2 |
|
|
|
| a |
Terms of Loan Repayment |
|
|
|
|
Outstanding balance as at balance sheet date is repayable over a period of 24 months (P. Y.36 Months) in varying monthly instalments |
126.00 |
223.00 |
|
| b |
Security |
|
|
|
|
Secured against charge of Immovable property (held for real estate development ) belonging to Subsidiaries Companies and other Companies for whom the Company has undertaken the project development and execution. |
|
|
|
| 3 |
From Bank 3 |
|
|
|
| a |
Terms of Loan Repayment |
|
|
|
|
- Outstanding balance as at balance sheet date is repayable within 94 months ( P.Y. 106 months) in varying monthly instalments |
106.35 |
113.32 |
|
| b |
Security |
|
|
|
|
By way of mortgage on the company’s immovable property and charge on the rent receivable therefrom |
|
|
|
| 4 |
From Bank 4 |
|
|
|
| a |
Terms of Loan Repayment |
|
|
|
|
Outstanding balance at balance sheet date is payable in 12 Equally installments within 24 Months (P.Y. 36 Month ) |
67.50 |
67.50 |
|
|
| ( In Crores) |
| Sr No. |
Particulars |
31-Mar-13 |
31-Mar-12 |
| b |
Security |
|
|
|
|
Secured Against immovable property(held for real estate development) and present and future receivables arising out of the project under execution. |
|
|
|
| B |
The term loans from Financial Institution are |
|
|
|
| 1 |
Loan 1 from Financial Institution |
|
|
|
| a |
Terms of Loan Repayment |
|
|
|
|
Outstanding balance as at balance sheet date is repayable over a period of 23 months in varying periodic instalments |
- |
275.00 |
|
| b |
Security |
|
|
|
|
Mortgage of the company’s immovable property comprising land and present and future construction thereon at its project Peninsula Business Park at Lower Parel, Mumbai and a charge on the Receivable from the said project |
|
|
|
| 2 |
Loan 2 from Financial Institution |
|
|
|
| a |
Terms of Loan Repayment |
|
|
|
|
Outstanding balance as at balance sheet date is repayable over a period of 19 Month (P.Y.31 months) in varying monthly instalments |
26.88 |
20.00 |
|
| b |
Security |
|
|
|
|
Secured by mortgage of the Company’s immovable property (held for real estate development) and charge on receivables from the said project and insurance proceeds |
|
|
|
| 3 |
Loan 3 from Financial Institution |
66.10 |
- |
|
| a |
Terms of Loan Repayment |
|
|
|
|
Outstanding balance as at balance sheet date is repayable over a period of 48 Months in varying periodic instalments. |
|
|
|
| b |
Security |
|
|
|
|
Mortgage of the company’s immovable property comprising land and present and future construction thereon at its project Celestia Spaces sewree, Mumbai and a charge on the receivable from the said project. |
|
|
|
| C |
Debentures |
|
|
|
| a |
Terms of Loan Repayment |
361.78 |
- |
|
|
Outstanding balance as at balance sheet date is repayable over a period of 59 months in varying periodic instalments ( P.Y. NIL) - refer Note 1 below |
|
|
|
| b |
Security |
|
|
|
|
Secured against charge of Immovable property (held for real estate development) belonging to Subsidiaries Companies and other Companies for whom the Company has undertaken the project development and execution. |
|
|
|
| c |
Coupon rate |
|
|
|
|
For Coupon rate - refer Note 2 below |
|
|
|
| D |
Others |
|
|
|
| a |
Terms of Loan Repayment |
- |
56.25 |
|
|
Outstanding balance as at balance sheet date is repayable over a period of (P.Y. 22 months) in equal quarterly instalments |
|
|
|
| b |
Security |
|
|
|
|
Secured against charge of Immovable property (held for real estate development ) belonging to Subsidiaries Companies and other Companies for whom the Company has undertaken the project development and execution. |
|
|
|
|
| ( In Crores) |
| Sr. No |
Particulars |
31-Mar-13 |
31-Mar-12 |
| II |
UNSECURED LOAN |
|
|
|
| A |
Others |
|
|
|
| a |
Terms of Loan Repayment |
3.55 |
9.27 |
|
|
Loan is repayable from the project inflow of the company |
|
|
|
|
| Note 1 : Debentures Redemption Schedule |
| ( In Crores) |
| Sr. No |
Particulars |
31-Mar-13 |
31-Mar-12 |
| 1 |
Redeemable in Financial Year 2017-18 |
115.53 |
- |
|
| 2 |
Redeemable in Financial Year 2016-17 |
51.07 |
- |
|
| 3 |
Redeemable in Financial Year 2015-16 |
139.23 |
- |
|
| 4 |
Redeemable in Financial Year 2014-15 |
55.95 |
- |
|
|
|
361.78 |
- |
|
|
| Note : 2 Coupon Rate on Debentures |
| ( In Crores) |
| Sr. No |
Particulars |
31-Mar-13 |
31-Mar-12 |
| 1 |
12.60% |
3.00 |
- |
|
| 2 |
13.00% |
161.00 |
- |
|
| 3 |
13.09% |
1.00 |
- |
|
| 4 |
13.25% |
9.35 |
- |
|
| 5 |
13.31% |
40.00 |
- |
|
| 6 |
13.50% |
14.00 |
- |
|
| 7 |
13.75% |
133.43 |
- |
|
|
Total |
361.78 |
- |
|
|
| NOTE NO. 4 LONG TERM PROVISION |
| ( In Crores) |
| Sr. No |
Particulars |
31-Mar-13 |
31-Mar-12 |
| a |
Employee Benefits (Refer para 13 of Note 23) |
2.70 |
4.45 |
|
|
Total |
2.70 |
4.45 |
|
|
| NOTE NO. 5 SHORT TERM BORROWINGS |
| ( In Crores) |
| Sr. No |
Particulars |
31-Mar-13 |
31-Mar-12 |
|
Unsecured |
|
|
|
| a |
Bank Overdraft |
3.26 |
35.53 |
|
|
Terms of Loan Repayment : |
|
|
|
|
Bank Overdraft is repayable on demand |
|
|
|
| b |
Others |
3.41 |
- |
|
|
(Company in which Director is member/director) |
|
|
|
|
Terms of Loan Repayment : |
|
|
|
|
Repayable on demand |
|
|
|
|
Total |
6.67 |
35.53 |
|
|
|
| NOTE NO. 6 TRADE PAYABLES |
| ( In Crores) |
| Sr. No |
Particulars |
31-Mar-13 |
31-Mar-12 |
| a |
MSMED |
0.01 |
0.13 |
|
| b |
Others- trade payables |
141.58 |
96.38 |
|
|
Total |
141.59 |
96.51 |
|
|
| NOTE NO. 7 OTHER CURRENT LIABILITIES |
| ( In Crores) |
| Sr. No |
Particulars |
31-Mar-13 |
31-Mar-12 |
| a |
Current Maturities of Long term debt |
406.65 |
549.09 |
|
| b |
Trade Deposit & Advances |
100.53 |
59.43 |
|
| c |
Interest accrued but not due on borrowings |
23.14 |
3.08 |
|
| d |
Income Received in Advance |
12.84 |
5.32 |
|
| e |
Unpaid Dividends |
1.72 |
1.44 |
|
| f |
Other Current Liabilities |
53.71 |
85.79 |
|
| g |
Statutory Dues payable |
12.84 |
12.25 |
|
|
Total |
611.43 |
716.40 |
|
|
| NOTE NO. 8 SHORT TERM PROVISION |
| ( In Crores) |
| Sr. No |
Particulars |
31-Mar-13 |
31-Mar-12 |
| a |
Employee Benefits (Refer para 13 of Note 23) |
0.96 |
0.05 |
|
| b |
Proposed Dividend on Equity Shares |
41.88 |
30.71 |
|
| c |
Proposed Dividend on Preference Shares |
0.00 |
0.00 |
|
| d |
Tax Payable on Proposed Dividend |
7.12 |
4.98 |
|
|
Total |
49.96 |
35.74 |
|
|
| NOTE NO. 9 FIXED ASSETS (AT COST) |
|
| [Click Here To View Table] |
|
| NOTE NO. 10 NON CURRENT INVESTMENTS |
| ( In Crores) |
| Particulars |
Nos. |
Face Value(Rupees) |
31-Mar-13 |
31-Mar-12 |
| LONG TERM INVESTMENTS : (NON TRADE) |
|
|
|
|
|
A. INVESTMENTS IN EQUITY INSTRUMENTS-UNQUOTED
(FULLY PAID UNLESS STATED OTHERWISE) |
|
|
|
|
|
| I) Associate Companies (Equity Instruments) (refer Para no. 21 of Note 23) |
|
|
|
|
|
| JM Realty Management Private Limited |
5000 |
10 |
- |
0.00 |
|
|
(5000) |
(10) |
- |
- |
|
| Peninsula Integrated Land Developers Private Limited (Till Previous year Associate company) |
250,000 |
10 |
- |
0.24 |
|
| RA Realty Ventures Private Limited |
399960 |
10 |
0.33 |
0.36 |
|
|
(399960) |
(10) |
|
|
|
| Sew Engineering (India) Private Limited |
989300 |
10 |
10.07 |
9.84 |
|
|
(989300) |
(10) |
|
|
|
| II) Others (Equity Instruments) |
|
|
|
|
|
| Aero Ports & Infrastructure projects Private Limited |
43750 |
10 |
0.04 |
0.04 |
|
|
(43750) |
(10) |
|
|
|
| Goodhome Realty Limited |
14000 |
10 |
0.01 |
0.01 |
|
|
(14000) |
(10) |
|
|
|
| JM Township & Real Estate Private Limited |
175000 |
10 |
0.18 |
0.18 |
|
|
(175000) |
(10) |
|
|
|
| Keti Construction Limited |
1700000 |
10 |
20.00 |
20.00 |
|
|
(-) |
(-) |
|
|
|
| Piramal Infrastructure Private Limited |
5380000 |
10 |
8.07 |
8.07 |
|
|
(5380000) |
(-) |
|
|
|
| Rockfirst Real Estate Limited |
14000 |
10 |
0.01 |
0.01 |
|
|
(14000) |
(10) |
|
|
|
| RR Mega City Builders Limited |
14000 |
10 |
0.01 |
0.01 |
|
|
(14000) |
(10) |
|
|
|
| Sukh Sagar Premises Co-operative Hsg. soc. Limited |
5 |
50 |
0.00 |
0.00 |
|
|
(5) |
(50) |
|
|
|
| Top Value Real Estate Limited |
14000 |
10 |
0.01 |
0.01 |
|
|
(14000) |
(10) |
|
|
|
| Truewin Realty Limited. |
14000 |
10 |
0.01 |
0.01 |
|
|
(14000) |
(10) |
|
|
|
| The Shamrao Vithal Co operative Bank Limited |
25 |
25 |
0.00 |
0.00 |
|
|
(25) |
(25) |
|
|
|
| B. INVESTMENTS IN DEBENTURE UNQUOTED (FULLY PAID UNLESS STATED OTHERWISE) |
|
|
|
|
|
| GoodHome Realty Limited18% Unsecured Redeemable Optionally Fully Convertible Debentures |
5958330 |
100 |
59.58 |
59.58 |
|
|
(5958330) |
(100) |
|
|
|
| GoodHome Realty Limited -18% Unsecured Redeemable Optionally Fully Convertible Debentures Partly paid up (89 per Debenture P.Y. 69 Per Debenture Paid up ) |
6722000 |
100 |
59.82 |
46.38 |
|
|
(6722000) |
(100) |
|
|
|
| JM Township & Real Estate Private Limited-0% Unsecured Redeemable Optionally Fully Convertible Debentures |
9896855 |
10 |
9.90 |
9.90 |
|
|
(9896855) |
(10) |
|
|
|
| Rockfirst Real Estate Limited - 18% Unsecured Redeemable Optionally Fully Convertible Debentures |
3488450 |
100 |
34.88 |
34.88 |
|
|
(3488450) |
(100) |
|
|
|
| RR Mega City Builders Limited-15% Unsecured Redeemable Optionally Fully Convertible Debentures |
5486981 |
100 |
54.87 |
54.87 |
|
|
(5486981) |
(100) |
|
|
|
| Top Value Real Estate Limited.Formerly-18% Unsecured redeemable Optionally Fully convertible Debentures |
11669510 |
100 |
116.70 |
116.70 |
|
|
(11669510) |
(100) |
|
|
|
| Truewin Realty Limited -18% Unsecured Redeemable Optionally Fully Convertible Debentures |
897135 |
100 |
8.97 |
8.97 |
|
|
(897135) |
(100) |
|
|
|
| C. INVESTMENTS IN PREFERENCE SHARES UNQUOTED (FULLY PAID UNLESS STATED OTHERWISE) |
|
|
|
|
|
| Goodhome Realty Limited-2% Non Cumulative Participating Preference Shares |
35270 |
100 |
0.35 |
0.35 |
|
|
(35270) |
(100) |
|
|
|
| Piramal Infrastructure Private Limited-1% Non Cumulative Non-Participating Non- Convertible Redeemable Preference shares |
5000000 |
10 |
5.00 |
5.00 |
|
|
(5000000) |
- |
|
|
|
| Rockfirst Real Estate Limited -2% Redeemable Non-Cumulative Participating Preference Shares |
10150 |
100 |
0.10 |
0.10 |
|
|
(10150) |
(100) |
|
|
|
| RR Mega City Builders Limited-2% Non Cumulative Participating Redeemable Preference shares |
11619 |
100 |
0.12 |
0.12 |
|
|
(11619) |
(100) |
|
|
|
| Top Value Real Estate Limited -2% Non cumulative Participating Redeemable Preference shares |
29090 |
100 |
0.29 |
0.29 |
|
|
(29090) |
(100) |
|
|
|
| Truewin Realty Limited -2% Non cumulative Participating Redeemable Preference shares |
1465 |
100 |
0.01 |
0.01 |
|
|
(1465) |
(100) |
|
|
|
| D. INVESTMENTS PROPERTY |
|
|
4.16 |
4.16 |
|
| Less : Accumulated Depreciation on Investments Property |
|
|
(0.46) |
(0.40) |
|
| |
|
|
|
|
|
| E. Investments in Realty fund |
|
|
|
|
|
| Peninsula Realty Fund Scheme Pref Indigo fund |
|
|
0.10 |
0.10 |
|
| Investment in Peninsula Brookfield Employee Benefit Trust |
|
|
0.00 |
- |
|
| |
|
|
|
|
|
| F INVESTMENTS IN AOP |
|
|
|
|
|
| Hem Bhattad |
|
|
93.96 |
102.13 |
|
|
|
|
487.09 |
481.92 |
|
| |
|
|
|
|
|
| Aggregate amount of Quoted Investments & Market value thereof |
|
|
|
|
|
| Investments in Immovable Properties (At Cost) |
|
|
3.70 |
3.76 |
|
| Investments in AOP |
|
|
93.96 |
102.13 |
|
| Aggregate amount of Unquoted Investments |
|
|
389.43 |
376.03 |
|
| Total |
|
|
487.09 |
481.92 |
|
|
|
NOTE NO. 11 LONG TERM LOANS AND ADVANCES
(Unsecured Considered Good)
|
|
( In Crores)
|
|
Particulars
|
31-Mar-13
|
31-Mar-12
|
|
|
|
a. Security Deposit with Public Bodies
|
1.91
|
1.85
|
|
|
|
b. Advances to Joint Venture entities (For Projects )
|
16.07
|
34.54
|
|
|
|
c. Loans and advances to others
|
10.02
|
9.15
|
|
|
|
d. Advance Tax ( Net of Provision)
|
26.36
|
23.70
|
|
|
|
e. MAT Credit Entitlement
|
51.07
|
27.44
|
|
|
|
f. Advances to third parties for Projects
|
77.86
|
188.36
|
|
|
|
g. Advances to Associates Companies (For Projects)
|
154.29
|
117.13
|
|
|
|
h. Advances Recoverable in cash or in kind for value to be received
|
1.71
|
6.08
|
|
|
|
i. Capital Advances
|
13.10
|
10.16
|
|
|
|
Total
|
352.39
|
418.41
|
|
|
|
|
NOTE NO.12 CURRENT INVESTMENTS
|
|
( In Crores)
|
|
Particulars
|
Nos.
|
NAV(Rupees)
|
31-Mar-13
|
31-Mar-12
|
|
CURRENT INVESTMENTS (AT COST)
|
|
|
|
|
|
|
|
SHORT TERM INVESTMENTS (Non-Trade)
|
|
|
|
|
|
|
|
Investments in Mutual Funds (Quoted)
|
|
|
|
|
|
|
|
ICICI Prudential Floating rate Plan Daily Dividend
|
30935.000
|
100.098
|
0.31
|
0.99
|
|
|
|
|
(99064.943)
|
(100.053)
|
|
|
|
|
|
ICICI Prudential Floating Rate - Regular Plan - Daily Dividend
|
6,774.992
|
100.094
|
0.07
|
-
|
|
|
|
|
(-)
|
(-)
|
|
|
|
|
|
ICICI Prudential Institutional Liquid plan
|
|
|
6.94
|
2.70
|
|
|
|
|
(270183.131)
|
(100.023)
|
|
|
|
|
|
ICICI Prudential Flexi Income Plan Premium Daily Dividend.
|
1396055.945
|
105.735
|
14.76
|
10.00
|
|
|
|
|
(945347.956)
|
(105.735)
|
|
|
|
|
|
LIC MF Liquid Fund
|
14546.130
|
1,098.000
|
1.60
|
1.50
|
|
|
|
|
(1362826.590)
|
(10.980)
|
|
|
|
|
|
Reliance Money Manager Fund- Daily Dividend
|
312.513
|
1,002.100
|
0.03
|
-
|
|
|
|
|
(11954.963)
|
(1001.122)
|
|
|
|
|
|
Reliance Medium Term Fund-Daily Dividend
|
1482999.890
|
17.096
|
2.54
|
2.36
|
|
|
|
|
(1383492.945)
|
(17.096)
|
|
|
|
|
|
Reliance Money Manager Fund - Retail option
|
12446.350
|
1001.810
|
1.25
|
1.20
|
|
|
|
|
(11954.960)
|
(1,001.810)
|
|
|
|
|
|
DWS ultra short term fund-Institutional daily dividend Plan
|
4556156.000
|
10.018
|
4.56
|
-
|
|
|
|
HDFC Floating rate income fund-short term plan daily dividend plan
|
3699478.000
|
10.081
|
3.73
|
-
|
|
|
|
|
|
|
35.79
|
18.75
|
|
|
|
Aggregate amount of Quoted Investments & Market value thereof
|
|
|
35.79
|
18.75
|
|
|
|
Aggregate amount of Unquoted Investments (at cost)
|
|
|
-
|
-
|
|
|
|
Total
|
|
|
35.79
|
18.75
|
|
|
|
|
|
NOTE NO. 13 INVENTORIES (Valued at Cost)
|
|
( In Crores)
|
|
|
|
SrNo.
|
Particulars
|
31-Mar-13
|
31-Mar-12
|
|
|
|
a
|
Finished Good ( Realty Stock)
|
132.85
|
4.91
|
|
|
|
b
|
Work in progress ( Realty Stock)
|
1297.80
|
1096.64
|
|
|
|
c
|
Stock of Traded Goods
|
0.80
|
0.05
|
|
|
|
|
Total
|
1431.45
|
1101.60
|
|
|
|
NOTE NO.14 TRADE RECEIVABLES
(Unsecured considered good)
|
|
( In Crores)
|
|
|
|
SrNo.
|
Particulars
|
31-Mar-13
|
31-Mar-12
|
|
|
|
a
|
Trade Receivables outstanding for more than six months
|
17.10
|
6.96
|
|
|
|
|
Provision for Doubtfull debt
|
(0.96)
|
(0.64)
|
|
|
|
|
|
16.14
|
6.32
|
|
|
|
b
|
Trade Receivable -Others
|
98.85
|
328.56
|
|
|
|
|
Total
|
114.99
|
334.88
|
|
|
|
NOTE NO.15 CASH AND BANK BALANCES
|
|
( In Crores)
|
|
|
|
SrNo.
|
Particulars
|
31-Mar-13
|
31-Mar-12
|
|
|
|
I
|
Cash and Cash Equivalents
|
|
|
|
|
|
a
|
Balances with Banks in Current Account
|
48.89
|
95.98
|
|
|
|
b
|
Cheques in Hands
|
0.02
|
-
|
|
|
|
c
|
Balance with Banks in Deposit Account ( Maturity less than three months)
|
117.37
|
179.50
|
|
|
|
d
|
Cash on Hand
|
0.32
|
0.31
|
|
|
|
II
|
Unpaid Dividend
|
1.72
|
1.44
|
|
|
|
III
|
Balance in Deposit Account as Margin money
|
0.18
|
0.43
|
|
|
|
|
Other Bank Balances
|
|
|
|
|
|
IV
|
Balances with Banks in Deposit Account
|
|
|
|
|
|
a
|
Balances with Banks in Deposit Account(Maturity after three months but before twelve
months)
|
99.62
|
75.70
|
|
|
|
b
|
Balances with Banks in Deposit Account ( Maturity beyond twelve months)
|
23.31
|
22.34
|
|
|
|
|
Total
|
291.43
|
375.70
|
|
|
|
NOTE NO. 16 SHORT TERM LOANS AND ADVANCES
(Unsecured Considered Good)
|
|
( In Crores)
|
|
|
|
SrNo.
|
Particulars
|
31-Mar-13
|
31-Mar-12
|
|
|
|
a
|
Loans & Advances to Companies
|
0.45
|
0.49
|
|
|
|
|
(Where Director is member or Director)
|
|
|
|
|
|
b
|
Loans & Deposit with others
|
129.07
|
71.22
|
|
|
|
c
|
Advances Recoverable in cash or kind or for value to be received
|
50.24
|
60.06
|
|
|
|
d
|
Loans to staff
|
0.11
|
0.17
|
|
|
|
|
Total
|
179.87
|
131.94
|
|
|
|
NOTE NO. 17 OTHER CURRENT ASSETS
(Unsecured Considered Good)
|
|
( In Crores)
|
|
|
|
SrNo.
|
Particulars
|
31-Mar-13
|
31-Mar-12
|
|
|
|
a
|
Interest Receivable
|
151.50
|
99.19
|
|
|
|
b
|
Other Receivable
|
20.32
|
17.62
|
|
|
|
c
|
Share Application Money -Refund Receivable
|
0.06
|
-
|
|
|
|
d
|
Earnest Money
|
0.05
|
0.03
|
|
|
|
|
Total
|
171.93
|
116.84
|
|
|
|
|
NOTE NO. 18 OTHER INCOME
|
|
( In Crores)
|
|
|
|
Particulars
|
2012-2013
|
2011-2012
|
|
|
|
Dividend on Mutual Fund
|
3.09
|
4.62
|
|
|
|
Miscellaneous Income
|
0.38
|
0.46
|
|
|
|
Profit on sale of assets
|
0.00
|
1.66
|
|
|
|
Interest Income
|
185.56
|
159.72
|
|
|
|
Total
|
189.03
|
166.46
|
|
|
|
NOTE NO. 19 EMPLOYEE BENEFIT EXPENSES
(Including Managerial Remuneration)
|
|
( In Crores)
|
|
|
|
Particulars
|
2012-2013
|
2011-2012
|
|
|
|
Salaries, Wages and Bonus
|
51.16
|
44.96
|
|
|
|
Contributions To ESIS, Provident Fund, Super Annuation fund etc.
|
3.16
|
6.12
|
|
|
|
Staff & Labour Welfare
|
4.84
|
5.14
|
|
|
|
Executive Directors’ Commission
|
11.00
|
8.04
|
|
|
|
Total
|
70.16
|
64.26
|
|
|
|
NOTE NO. 20 FINANCE COST
|
|
( In Crores)
|
|
|
|
Particulars
|
2012-2013
|
2011-2012
|
|
|
|
Interest Expenses
|
205.19
|
191.20
|
|
|
|
Other Borrowing Cost
|
18.58
|
7.26
|
|
|
|
|
223.77
|
198.46
|
|
|
|
Less : Transfer to Work In Progress (refer Para No. 19 of Note 23)
|
72.06
|
60.04
|
|
|
|
|
151.71
|
138.42
|
|
|
|
Foreign exchange loss
|
9.92
|
22.20
|
|
|
|
Total
|
161.63
|
160.62
|
|
|
|
|
NOTE NO. 21 OTHER EXPENSES
|
|
( In Crores)
|
|
|
|
Particulars
|
2012-2013
|
2011-2012
|
|
|
|
Power and Fuel
|
1.19
|
1.01
|
|
|
|
Repairs & Maintenance -Buildings
|
1.46
|
0.73
|
|
|
|
Repairs & Maintenance - Others
|
9.06
|
8.37
|
|
|
|
Insurance
|
0.41
|
0.32
|
|
|
|
Rent
|
1.57
|
1.28
|
|
|
|
Rates & Taxes ( Excluding Income Tax)
|
1.72
|
1.15
|
|
|
|
Legal & Professional Fees
|
9.12
|
9.28
|
|
|
|
Advertisement and Sales Promotions
|
13.07
|
10.65
|
|
|
|
Brokerage & Commission
|
9.56
|
3.73
|
|
|
|
Donations
|
1.69
|
3.27
|
|
|
|
Miscellaneous Expenses
|
11.77
|
8.88
|
|
|
|
Loss on Sale of Fixed Assets
|
0.00
|
0.00
|
|
|
|
Directors’ Sitting Fees
|
0.08
|
0.06
|
|
|
|
Non-Executive Directors’ Commission
|
0.68
|
0.48
|
|
|
|
Common Area Maintenance Expenses
|
11.40
|
6.86
|
|
|
|
House Keeping, Security and Car park Services
|
13.58
|
11.18
|
|
|
|
Total
|
86.36
|
67.25
|
|
|
|
|
22 Significant Accounting Policies
|
|
I Basis of Accounting
|
|
The Financial statements have been prepared and presented under historical cost
convention on the accrual basis of accounting in accordance with the accounting
principles generally accepted in India (“GAAP”) and comply with the mandatory accounting
standards (“AS”) as notified by the Companies Accounting Standard (Rules), 2006
to the extent applicable and with the relevant provisions of the Companies Act,
1956.
|
|
|
II Use of Estimates
|
|
The preparation of financial statements in conformity with GAAP requires Management to make estimates and
assumptions that affect the reported amount of assets and liabilities and disclosure of contingent liabilities on the date
of financial statements and reported amount of revenue and expenses for the year. Actual results could differ from
these estimates. Difference between the actual result and estimates are recognised in the year in which results are
known /materialized. Any revision to an accounting estimate is recognised prospectively in the year of revision.
|
|
|
III Revenue Recognition
|
|
(a) The Company is in the business of Real estate Development. Revenue from sale of properties under construction
is recognised on the basis of actual bookings done (provided the significant risks and rewards have been
transferred to the buyer and there is reasonable certainty of realisation of the monies) using the Percentage of
Completion Method. During the year the Company adopted the guidelines prescribed by the “Guidance note
on Accounting Treatment for real estate transactions (Revised 2012)” issued by the Institute of Chartered
Accountants of India, inter alia , with regard to thresholds for commencement of revenue recognition for projects
and the basis for determining percentage of completion. The adoption of the said guidelines have no significant
effect in the revenues and costs recognised for projects during the year.
|
|
|
(b) Revenue from sale of completed properties (Finished Realty Stock) is recognised upon transfer of significant risks
and rewards to the buyer.
|
|
|
(c) Revenue on Development Rights is recognised on the basis of our revenue share receivable, from the related
projects as per agreed terms and conditions.
|
|
|
(d) Income from Operations include Realty Sales, Lease Rentals, Service Fees, Signages, Car park and PMC/
Marketing Fees.
|
|
|
(e) Interest income is recognised on time basis determined by the amount outstanding and the rate applicable.
|
|
|
(f) Dividend income is recognised when the right to receive the payment is established.
|
|
|
IV Inventories
|
|
(a) Inventories comprise of: (i) Finished Realty Stock representing unsold premises in closed projects and (ii) Realty
Work in Progress representing properties under construction / development.
|
|
|
(b) Inventories are valued at lower of cost and net realisable value.
|
|
|
(c) Cost of Realty construction / development is charged to the Profit & Loss Account in proportion to the revenue
recognised during the period and the balance cost is carried over under Inventory as part of either Realty Workin-
Progress or Finished Realty Stock. Cost of Realty construction / development includes all costs directly related
to the Project and other expenditure as identified by the Management which are incurred for the purpose of
executing and securing the completion of the Project (net off incidental recoveries/receipts) upto the date of
receipt of occupancy certificate from the relevant authorities. |
|
|
V Fixed Assets
|
|
(a) Tangible Assets
|
|
(i) Tangible assets are carried at cost of acquisition or construction less accumulated depreciation. The cost
of fixed assets includes non refundable taxes, duties, freight and other incidental expenses related to the
acquisition and installation of the respective assets. Borrowing cost attributable to acquisition or construction
of fixed assets which takes substantial period of time to get ready for their intended use is capitalised.
(ii) Expenses incurred for acquisition of capital assets excluding advances paid towards the acquisition of fixed
assets outstanding at each Balance Sheet date are disclosed under Capital Work in Progress.
|
|
(b) Intangible Assets
Intangible Assets are recorded at the consideration paid for the acquisition. |
|
VI Leases
|
|
(a) Assets acquired on lease where a significant portion of risks and rewards of ownership are retained by the Lessor
are classified as Operating Leases. Lease Rentals are charged to Profit and Loss Account on accrual basis.
(b) Assets leased out under Operating Leases are capitalised. Rental Income is recognised on accrual basis over the
Lease term.
|
|
|
VII Depreciation / Amortization
|
|
(a) Depreciation
|
(i) Depreciation has been charged on SLM basis for the assets acquired from erstwhile Piramal Holdings Limited
(PHL) and Piramyd Retail and Merchandising Private Limited (PRMPL) and property held as investment.
(ii) For all other assets depreciation is provided on WDV basis.
(iii) Depreciation is provided at the rates and in the manner specified under Schedule XIV of the Companies Act,
1956.
(iv) Depreciation is calculated on a pro-rata basis from the date of installation / acquisition till the date the assets
are sold or disposed
(v) Individual assets costing less than 5000/- are depreciated fully in the year of acquisition.
(vi) Depreciation on Post Investment Tracker software (‘PIT’) is provided on straight line basis over a period of 36
months commencing from the month of acquisition
|
|
|
(b) Amortization
|
(i) Leasehold assets are amortized over the period of lease.
(ii) Intangible assets are amortized over their estimated useful lives on a straight line basis, commencing from
the date the asset is available to the Company for its use.
|
|
|
VIII Investments
|
Long term investments are carried at cost less any permanent diminution in value. Current investments are carried at
the lower of cost and fair value.
Carrying amount of the individual investment is determined on the basis of the average carrying amount of the total
holding of the investments.
As regards investments in AOP, Company’s share of Profit / Loss from AOP are accounted in respect of the year ended
as on the Balance Sheet date, on the basis of their audited financial statements.
|
|
|
IX Foreign Currency Transactions
|
(a) Foreign exchange transactions are recorded at the closing rate prevailing on the dates of the respective transaction
or at the contracted rates as applicable. Exchange difference arising on foreign exchange transactions settled
during the year, if any is recognised in the Profit and Loss account.
(b) Monetary assets and liabilities denominated in foreign currencies are converted at the closing rate as on Balance
Sheet date. The resultant exchange difference is recognised in the Profit and Loss account.
(c) Non monetary assets and liabilities denominated in foreign currencies are carried at the exchange rate prevalent
on the date of the transaction.
|
|
|
X Employee Benefits
|
(a) Short Term Employee Benefits
Short term employee benefits are recognised as an expense at the undiscounted amount in Profit and Loss
account of the year in which the related service is rendered.
(b) Post Employment Benefits
Contribution to Provident Fund and Superannuation Scheme are charged against revenue. Provision for Gratuity
is recorded on the basis of actuarial valuation certificate, provided by the actuary.
(c ) Other Long Term Employees Benefits
Company’s liability towards earned leave is determined by an independent actuary using Projected Unit Credit
Method. Past services are recognised on a straight line basis over the average period until the benefits become
vested. Actuarial gains and losses are recognised immediately in the Profit and Loss account as income or
expenses. Obligation is measured at the present value of the estimated future cash flows using a discounted rate
that is determined by reference to the market yields at the Balance Sheet date on Government Bonds where the
currency and terms of the Government Bonds are consistent with the currency and estimated terms of the defined
benefit obligation.
|
|
|
XI Segment Reporting
|
(a)Segment Revenue and Expense
Revenue and Expenses have been identified to a segment on the basis of relationship to operating activities of
the segment. Revenue and Expenses which relate to enterprises as a whole and are not allocable to a segment
on a reasonable basis have been disclosed as “Unallocable”.
(b) Segment Assets and Liabilities
Segment assets and segment liabilities represent assets and liabilities in respective segments. Investments, tax
related assets and other assets and liabilities that cannot be allocated to a segment on reasonable basis have
been disclosed as “Unallocable”.
(c)Intersegment Transfers
Segment revenue, segment expenses and segment results include transfer between business segments, such
transfers are eliminated in consolidation.
(d)Accounting Policies
The accounting policies consistently used in the preparation of the financial statements are also applied to item
of revenue and expenditure in individual segments.
|
|
|
XII Taxation
|
Tax expenses are the aggregate of current tax and deferred tax charged or credited in the statement of Profit and Loss
for the year.
(a)Current Tax
The current charge for Income Tax is calculated in accordance with the relevant tax regulations applicable to the
Company.
(b) Deferred Tax
Deferred tax charge or credit reflects the tax effects of timing differences between accounting income and taxable
income for the year. The deferred tax charge or credit and the deferred tax liabilities or assets are recognised
using the tax rates that have been enacted or substantively enacted by the Balance Sheet date. Deferred tax
assets are recognised only to the extent there is reasonable certainty that the assets can be realised in future,
however where there is unabsorbed depreciation or carry forward of losses, deferred tax assets are recognised
only if there is virtual certainty of realisation of such assets. Deferred tax assets are reviewed at each Balance
Sheet date.
(c)Minimum Alternate Tax (MAT)
In case the company is liable to pay income tax u/s 115JB of Income Tax Act, 1961 (i.e. MAT), the amount of tax
paid in excess of normal income tax is recognised as an asset (MAT Credit Entitlement) only if there is convincing
evidence for realisation of such asset during the specified period. MAT credit entitlement is reviewed at each
Balance Sheet date.
|
|
|
XIII Borrowing Cost
|
|
Borrowing cost attributable to the individual Projects have been treated as Project Cost and added to Stock in Trade.
Other borrowing costs are charged to Profit and Loss account in the year in which they are incurred.
|
|
|
XIV Employee Stock Option
|
|
Employee Compensation Cost, if any, arising on account of option granted to employees is recognised in the financial
statements. It is the difference between the intrinsic value and the exercise price of options.
|
|
|
XV Impairment of Assets
|
|
The Company assesses at each Balance Sheet date whether there is any indication that an asset may be impaired. If
any such indication exists, the Company estimates the recoverable amount of the assets. If such recoverable amount
of the assets or the recoverable amount of the cash generating unit to which the assets belongs is less than its carrying
amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairment loss
and is recognised in the Profit and Loss account. If at the Balance Sheet date there is an indication that if a previously
assessed impairment loss no longer exists, the recoverable amount is reassessed and the asset is reflected at the
recoverable amount subject to a maximum of depreciated historical cost.
|
|
|
XVI Provisions and Contingent Liabilities
|
|
The Company creates a provision when there is a present obligation as a result of past events that probably requires
an outflow of resources and reliable estimates can be made of the amount of the obligation. A disclosure for a
contingent liability is made when there is possible obligation or a present obligation that may, but probably will not,
require an outflow of resources. Contingent assets are neither recognised nor disclosed.
|
|
|
23 NOTES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTS
|
|
1 Principles of Consolidation
|
|
a The Consolidated Financial statements are based on the Audited financial statements of the subsidiaries /
associates / joint venture for the period / year ended 31st March, 2013. No significant transactions have occurred
after the Balance Sheet date of subsidiaries.
b The Financial statements of the company and its subsidiaries have been combined to the extent possible on
a line by line basis by adding together like items of assets, liabilities, income and expenses. All intra group
balances and have been eliminated on consolidation as per Accounting Standard AS 21 “Consolidated Financial
Statements”.
c The consolidated financial statements have been prepared using uniform accounting policies for like transactions
and other events in similar circumstances and are presented to the extent possible, in the same manner as the
company’s financial statements.
d Minority interest in the net income and net assets of the consolidated financial statements are computed and
shown separately.
e In case of Associate Company, the Audited financial statements as on 31st March, 2013 have been consolidated
as per Accounting Standard - AS 23 “Accounting For Investments in Associates in Consolidated Financial
Statements”.
f In case of joint venture, the Audited financial statements as on 31st March, 2013 have been consolidated as per
Accounting Standard - AS 27 “Financial Reporting of Interest in Joint Ventures” using proportionate consolidation
method.
|
|
2 In the opinion of the Board, the current assets, loans and advances are approximately of the value stated if realised in
the ordinary course of business. The provisions for all known liabilities are adequate.
|
|
|
3 Commitments and Contingent Liabilities
|
|
|
( In Crores)
|
|
|
|
Particulars
|
As At
31.03.2013
|
As At
31.03.2012
|
|
|
|
a. Claims against the Company not acknowledged as debts in respect of
|
|
|
|
|
|
i Income tax demand under appeal (excluding contingent interest)
(Comprising, additions made during assessments disputed by the Company)
|
3.88
|
31.81
|
|
|
|
ii Disputed service tax demand
|
0.45
|
0.23
|
|
|
|
b. Estimated amount of contracts remaining to be executed on capital account and not
provided for (Net of Advances of 8.00 crores previous year 5.00 crores)
|
5.70
|
14.75
|
|
|
|
|
4 Recognition of Income and Expenses for on-going projects are based upon actual sales value, estimated costs,
management’s judgement of overall project profitability and work completion status as certified by architects, which
being technical matters, are being relied upon by the auditors. The estimated costs of every project are reviewed
periodically and revised whenever required. The consequential effect of such revision is considered in the year of
revision and in the balance future period of the project.
5 Income From Operations
|
|
|
|
( In Crores)
|
|
|
|
Particulars
|
Year Ended
31.03.2013
|
Year Ended
31.03.2012
|
|
|
|
a Sale of Products
|
|
|
|
|
|
Realty Sales
|
667.29
|
467.38
|
|
|
|
b Sale of Services
|
|
|
|
|
|
Realty Rentals
|
26.55
|
21.52
|
|
|
|
c Other Operating Income
|
47.36
|
43.39
|
|
|
|
|
741.20
|
532.29
|
|
|
|
|
6 The Company has entered in partnership as an AOP named Peninsula GSG MHP Project with a party named GSG
Builders and Infrastructure Private Limited with a total investment of 1.00 crores constituting 50% of the total capital
of the AOP. The Profit & Loss from such AOP are shared in the ratio of 50:50. Loss of current year of 0.07 crores
(previous year 0.14 crores) from the AOP is recognised, which is to the extent of our share in the said AOP.
|
|
|
7 Foreign Currency Exposure
Particulars of year end foreign currency exposure on loans denominated in foreign currency
|
|
|
|
( In Crores)
|
|
|
|
Particulars
|
As At 31.03.2013
|
As At 31.03.2012
|
|
|
Amt in USD
|
Amt in
|
Amt in USD
|
Amt in
|
|
|
|
Hedged by derivatives or otherwise *
|
-
|
-
|
2.40
|
106.52
|
|
|
|
Not hedged
|
-
|
-
|
3.23
|
143.48
|
|
|
|
|
8 Donation includes 0.00 Crores (Previous Year 0.05 Crores) paid to political parties. The details of the same are as
under:
|
|
|
|
( In Crores)
|
|
|
|
Particulars
|
Year Ended
31.03.2013
|
Year Ended
31.03.2012
|
|
|
|
Shivsena
|
-
|
0.03
|
|
|
|
Maharashtra Navnirman Sena
|
-
|
0.01
|
|
|
|
Dakshin Mumbai Jilha Yuvak Congress
|
-
|
0.00
|
|
|
|
Republican Party of India
|
-
|
0.00
|
|
|
|
Bharatiya Janata Party
|
0.00
|
0.00
|
|
|
|
Total
|
0.00
|
0.05
|
|
|
|
|
|
9 Employee Stock Option Scheme (ESOS)
|
|
a. During the year, the Company has granted NIL (Previous Year - NIL) Employee Stock Options to the employees
of the Company.
b. The company had granted stock options to employees under the Employees Stock Option Scheme 2006 at grant
price of 70/- (face value 2/-)
The details of options granted, lapsed and in force at the end of the year are as under
|
|
|
|
( In Crores)
|
|
|
|
Particulars
|
Current year
|
Previous year
|
|
|
|
Option in force at the beginning of the year (face value 2/-)
|
426,938
|
889,163
|
|
|
|
Add : Granted during the year
|
-
|
-
|
|
|
|
Less : Lapsed during the year
|
423,788
|
462,225
|
|
|
|
Option vested during the year
|
-
|
-
|
|
|
|
Option in force at the end of the year
|
3,150
|
426,938
|
|
|
|
|
c As the options are granted using the fair value, no compensation cost will arise.
|
|
|
|
10 Payment of Auditors included in Miscellaneous Expenses
|
|
|
|
( In Crores)
|
|
|
|
Particulars
|
Year Ended
31.03.2013
|
Year Ended
31.03.2012
|
|
|
|
As Auditors
|
|
|
|
|
|
a Statutory Audit Fees (including limited review and consolidation fees)
|
0.33
|
0.33
|
|
|
|
b Tax Audit fees
|
0.09
|
0.09
|
|
|
|
c For Certification and Other Services
|
0.04
|
0.01
|
|
|
|
d For Reimbursement of Expenses
|
0.00
|
0.01
|
|
|
|
e Service Tax on Fees and Reimbursement
|
0.06
|
0.05
|
|
|
|
|
0.52
|
0.49
|
|
|
|
|
11 Loans and Advances to Companies / Enterprises under the same Management
|
|
|
|
( In Crores)
|
|
|
|
Particulars
|
As At
31.03.2013
|
As At
31.03.2012
|
Max O/s during the year
|
|
31.03.2013
|
31.03.2012
|
|
|
| a) Companies in which any Director is a Director / Member |
|
|
|
|
|
(i) Peninsula SA Realty Private Limited
|
0.00
|
0.04
|
0.04
|
0.04
|
|
|
|
(ii) Peninsula Townships Development Private Limited
|
0.02
|
0.02
|
0.02
|
0.02
|
|
|
|
(iii) Ashok Piramal Mega City Development Private Limited
|
0.01
|
0.00
|
0.01
|
0.00
|
|
|
|
(iv) Ashok Piramal Mega Properties Private Limited
|
0.01
|
0.00
|
0.01
|
0.00
|
|
|
|
(v) Ashok Piramal Townships Developments Private Limited
|
0.01
|
0.00
|
0.01
|
0.00
|
|
|
|
(vi) Goldlife Mercantile Company Private Limited
|
0.05
|
0.05
|
0.05
|
0.05
|
|
|
|
(vii) Jammin Recreation Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(viii) CAMS Learning Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(ix) Edustar Learning Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(x) Bridgepoint Learning Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(xi) Piramal Land Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(xii) APG Infrastructure Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(xiii) Cromwell Tools (I) Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(xiv) Miranda Few Tools Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(xv) PMP Auto Components Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(xvi) Piramal Roads Infra Private Limited
|
-
|
0.00
|
-
|
0.35
|
|
|
|
(xvii) Peninsula Project Management Private Limited
|
0.02
|
0.02
|
0.02
|
0.02
|
|
|
|
(xviii) Ashok Piramal Management Corporation Limited
|
0.20
|
0.14
|
0.20
|
0.14
|
|
|
|
(xix) Morarjee Textiles Limited
|
0.08
|
0.10
|
0.56
|
0.56
|
|
|
|
(xx) Pune Football Club Limited
|
0.05
|
0.05
|
0.06
|
0.09
|
|
|
|
(xxi) Rockfirst Real Estate Limited* |
45.03
|
17.24
|
45.03
|
16.71
|
|
|
|
(xxii) Miranda Ultra Tools Private Limited |
0.00
|
-
|
0.00
|
-
|
|
|
|
(xxiii) Thundercloud Technologies (India) Private Limited |
0.01
|
0.00
|
0.01
|
0.00
|
|
|
|
(xxiv) Pune Sports Club Private Limited |
0.00
|
-
|
0.00
|
0.00
|
|
|
|
Total(a)
|
45.47
|
17.67
|
|
|
|
|
|
b) Enterprises under the same Management |
|
|
|
|
|
|
|
(i) Peninsula GSG MHP Project - AOP (50% share)
|
0.94
|
0.28
|
0.96
|
0.28
|
|
|
|
(ii) Argento Real Estate LLP
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(iii) Gorena Real Estate LLP
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(iv) Maxis Real Estate LLP
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(v) Nebustar Real Estate LLP
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(vi) Regena Real Estate LLP
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(vii) Eastgate Real Estate LLP
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(viii) Westgate Real Estate Developers LLP
|
-
|
0.29
|
0.35
|
0.29
|
|
|
|
(ix) Peninsula Land Limited ESOP Trust
|
27.35
|
27.73
|
27.73
|
28.35
|
|
|
|
Total(b)
|
28.30
|
28.31
|
|
|
|
|
|
|
c) Joint Venture
|
|
|
|
|
|
|
|
(i) Bridgeview Real Estate Development Private Limited*
|
16.07
|
34.54
|
34.54
|
38.50
|
|
|
|
(ii) Peninsula Brookfield Trustee Private Limited
|
0.00
|
0.00
|
0.00
|
0.00
|
|
|
|
(iii) Peninsula Brookfield Investment Managers Private Limited
|
0.00
|
0.07
|
0.07
|
0.07
|
|
|
|
Total(c)
|
16.07
|
34.54
|
|
|
|
|
|
d) Associates
|
|
|
|
|
|
|
|
(i) JM Realty Management Private Limited
|
7.79
|
7.79
|
7.79
|
7.79
|
|
|
|
(ii) RA Realty Ventures Private Limited*
|
137.50
|
99.30
|
137.50
|
99.30
|
|
|
|
Total (d)
|
145.29
|
107.09
|
|
|
|
|
|
Grand Total (a+b+c+d)
|
235.12
|
187.61
|
|
|
|
|
|
* - Interest bearing loan. Balance all are interest free Loans
All loans referred above are repayable on demand
|
|
|
|
|
|
( In Crores)
|
|
|
|
Particulars
|
31.03.2013
|
31.03.2012
|
|
|
|
Borrowing Cost treated as project cost during the year
|
72.06
|
60.04
|
|
|
|
|
13 Employee Benefit Plans
The Company has classified various benefit plans as under:
a Defined Contribution Plan
The Company has recognised the following amounts in Profit and Loss Account which are included under Contributions
to Funds
|
|
|
|
( In Crores)
|
|
|
|
Particulars
|
Current Year
|
Previous Year
|
|
|
|
Employer’s contribution to Provident Fund
|
3.06
|
2.90
|
|
|
|
Employer’s contribution to Superannuation Fund
|
1.20
|
1.60
|
|
|
|
Employer’s contribution to Employees State Insurance
|
0.02
|
0.02
|
|
|
|
|
b Defined Benefit Plan:
i. Gratuity (Funded)
ii. Leave Encashment (Non funded)
In terms of the Guidance Note on implementing the revised AS 15, issued by the Accounting Standards Board of the
Institute of Chartered Accountants of India, the Gratuity Trust set up by the Company is treated as defined benefit plan
since the Company has to meet the shortfall, if any. However at the year end, no shortfall remains unprovided for.
Leave encashment is payable to eligible employees who have earned leaves, during the employment and / or
separation as per the Company’s policy.
Valuations in respect of Gratuity and Leave Encashment, as at the Balance Sheet date, are based on the following
assumptions.
i. The disclosures of Gratuity are as under:
The Company has funded its gratuity obligation under Group Gratuity Policy managed by LIC. The disclosures stated
below have been obtained from independent actuary, as the figures from LIC were not available. The other disclosures
in accordance with AS -15 (revised) pertaining to Defined Benefit Plans are given below:
|
|
|
|
|
( In Crores)
|
|
|
|
Particulars
|
As at
31.03.2013
|
As at
31.03.2012
|
As at
31.03.2011
|
As at
31.03.2010
|
As at
31.03.2009
|
|
|
|
Assumptions
|
|
|
|
|
|
|
|
|
Discount rate
|
8.10%
|
8.50%
|
8.00%
|
8.00%
|
8.00%
|
|
|
|
Salary escalation
|
6%
|
6%
|
6%
|
6%
|
6%
|
|
|
|
Employee Turnover Ratio
|
5% at younger ages 1% at older Ages
|
3% at younger ages 1% at older Ages
|
3% at younger
ages
1% at older
Ages
|
3% at younger
ages
1% at older
Ages
|
2% at younger
ages
1% at older
Ages
|
|
|
|
Expected Rate of Return on Planned Assets
|
9%
|
9%
|
9%
|
9%
|
9%
|
|
|
|
Retirement Age
|
58 Years
|
58 Years
|
58 Years
|
58 Years
|
58 Years
|
|
|
|
Changes in Present Value of Obligations
|
|
|
|
|
|
|
|
|
Present value of obligations as at beginning of the year
|
5.19
|
3.63
|
2.81
|
2.32
|
1.53
|
|
|
|
Interest cost
|
0.42
|
0.29
|
0.23
|
0.19
|
0.12
|
|
|
|
Interest cost
|
0.42
|
0.29
|
0.23
|
0.19
|
0.12
|
|
|
|
Liability Transferred
|
(0.03)
|
|
|
|
|
|
|
|
Current service cost
|
0.55
|
0.88
|
0.65
|
0.58
|
0.52
|
|
|
|
Benefits paid
|
(0.55)
|
(0.31)
|
(0.11)
|
(0.03)
|
(0.11)
|
|
|
|
Acturial (gain)/ loss on obligations
|
(2.77)
|
0.70
|
0.05
|
(0.24)
|
0.26
|
|
|
|
Present value of obligations as at end of the year
|
2.81
|
5.19
|
3.63
|
2.81
|
2.32
|
|
|
|
Actuarial Gain / Loss recognised
|
|
|
|
|
|
|
|
|
Actuarial gain/(loss) for the year –Obligations
|
2.77
|
(0.79)
|
(0.05)
|
0.24
|
(0.26)
|
|
|
|
Actuarial gain/(loss) for the year –plan assets
|
(0.19)
|
(0.03)
|
(0.05)
|
-
|
-
|
|
|
|
Total gain/(loss) for the year
|
2.58
|
(0.82)
|
(0.10)
|
0.24
|
(0.26)
|
|
|
|
Actuarial gain/(loss) recognised in the year
|
2.46
|
(0.82)
|
(0.10)
|
0.24
|
(0.26)
|
|
|
|
The amounts to be recognised in the Balance Sheet and Statement of Profit & Loss
|
|
|
|
|
|
|
|
|
Present value of obligations as at end of the year
|
2.81
|
5.19
|
3.63
|
2.62
|
2.32
|
|
|
|
Fair value of plan assets as at end of the year
|
1.91
|
2.22
|
1.57
|
0.28
|
-
|
|
|
|
Funded status
|
1.91
|
2.22
|
1.57
|
0.28
|
-
|
|
|
|
Net assets (liability) recognised in balancesheet
|
0.66
|
(2.97)
|
(2.06)
|
(2.34)
|
(2.32)
|
|
|
|
Expenses recognised in Statement of Profit & Loss
|
|
|
|
|
|
|
|
|
Current service cost
|
0.55
|
0.88
|
0.65
|
0.58
|
0.52
|
|
|
|
Interest cost
|
0.42
|
0.29
|
0.23
|
0.19
|
0.12
|
|
|
|
Expected return on plan assets
|
(0.19)
|
(0.16)
|
(0.08)
|
-
|
-
|
|
|
|
Net actuarial (gain)/loss recognised in the year
|
(2.57)
|
0.73
|
0.10
|
(0.24)
|
0.26
|
|
|
|
Expenses recognised in statement of profit and loss
|
(1.80)
|
1.74
|
0.89
|
0.52
|
0.90
|
|
|
|
Pattern of Investment
|
|
|
|
|
|
|
|
|
Bonds/Debentures
|
36%
|
36%
|
36%
|
36%
|
22%
|
|
|
|
Equity Shares
|
6%
|
6%
|
6%
|
6%
|
5%
|
|
|
|
Money Market Instrument
|
2%
|
2%
|
2%
|
2%
|
2%
|
|
|
|
|
ii Leave Encashment (Unfunded)
Value of liability for leave encashment has been carried out by an independent actuary, as at the Balance Sheet based
on the following
|
|
|
( In Crores)
|
|
|
|
Particulars
|
As at
31.03.2013
|
As at
31.03.2012
|
As at
31.03.2011
|
As at
31.03.2010
|
As at
31.03.2009
|
|
Assumptions
|
|
|
|
|
|
|
|
|
Discount rate (per annum)
|
8.20%
|
8.50%
|
8.50%
|
8.00%
|
8.00%
|
|
|
|
Rate of increase in compensation levels
|
6%
|
6%
|
6%
|
6%
|
6%
|
|
|
|
Rate of return on plan assets
|
-
|
-
|
-
|
-
|
-
|
|
|
|
Retirement Age
|
58 years
|
58 years
|
58 years
|
58 years
|
58 years
|
|
|
|
Changes in present value of obligation
|
|
|
|
|
|
|
|
|
Present value of obligation as at 1st April 2012
|
1.52
|
1.97
|
1.50
|
0.69
|
0.84
|
|
|
|
Interest Cost
|
0.10
|
0.16
|
0.12
|
0.06
|
0.07
|
|
|
|
Current Service Cost
|
0.54
|
0.32
|
0.30
|
0.33
|
0.28
|
|
|
|
Liability Transferred
|
(0.03)
|
-
|
-
|
-
|
-
|
|
|
|
Contributions by plan participants
|
-
|
-
|
-
|
-
|
-
|
|
|
|
Curtailment Cost / (Credit)
|
-
|
-
|
-
|
-
|
-
|
|
|
|
Settlement Cost / (Credit)
|
-
|
-
|
-
|
-
|
-
|
|
|
|
Benefits Paid
|
(0.56)
|
(0.44)
|
(0.13)
|
(0.09)
|
(0.20)
|
|
|
|
Actuarial (Gains) / Loss
|
1.17
|
(0.48)
|
0.18
|
0.51
|
(0.36)
|
|
|
|
Present value of obligation as at 31st March 2013
|
2.75
|
1.52
|
1.97
|
1.50
|
0.63
|
|
|
|
|
| ( In Crores) |
| Particulars |
As at 31.03.2013 |
As at 31.03.2012 |
As at 31.03.2011 |
As at 31.03.2010 |
As at 31.03.2009 |
| Amounts recognised in Balance Sheet |
|
|
|
|
|
|
| Present value of obligation as at 31st March 2013 |
2.75 |
1.52 |
1.97 |
1.50 |
0.63 |
|
| Fair value of plan assets as at 31st March 2013 |
- |
- |
- |
- |
- |
|
| (Asset) / Liability recognised in the Balance Sheet |
2.75 |
1.52 |
1.97 |
1.50 |
0.63 |
|
| Classification of Liability |
|
|
|
|
|
|
| Current |
0.39 |
0.04 |
0.05 |
|
|
|
| Non Current |
2.36 |
1.48 |
1.92 |
|
|
|
| Expenses recognised in Statement of Profit & Loss |
|
|
|
|
|
|
| Current service cost |
0.54 |
0.32 |
0.30 |
0.33 |
0.28 |
|
| Past service cost |
- |
- |
- |
- |
- |
|
| Interest Cost |
0.10 |
0.16 |
0.12 |
0.06 |
0.07 |
|
| Expected return on plan assets |
- |
- |
- |
- |
- |
|
| Curtailment Cost / (Credit) |
- |
- |
- |
- |
- |
|
| Settlement Cost / (Credit) |
- |
- |
- |
- |
- |
|
| Net Actuarial (Gain) / Loss |
1.18 |
(0.48) |
0.18 |
0.51 |
(0.36) |
|
| Employee’s Contribution |
- |
- |
- |
- |
- |
|
| Total expenses recognised in Profit & Loss account |
1.83 |
(0.00) |
0.60 |
0.90 |
(0.01) |
|
|
Note: As the Company does not have plan assets for leave encashment policy, disclosures pertaining to plan assets are not shown.
|
|
14 List of Related Parties and Transactions during the year.
Controlling Entities
(i) Ashok Piramal Group Real Estate Trust
(ii) Morarjee Goculdas Spinning & Weaving Company Limited Senior ESOP Trust
II Associate Companies with whom the Company had transactions during the year
(i) JM Realty Management Private Limited
(ii) SEW Engineering (India) Private Limited
(iii) RA Realty Ventures Private Limited
III Companies where Key Management Personnel /their relatives exercise significant influence
(i) Ashok Piramal Management Corporation Limited
(ii) Freedom Registry Limited
(iii) Morarjee Textiles Limited
(iv) Thundercloud Technologies (India) Private Limited
(v) Peninsula SA Realty Private Limited
(vi) Peninsula Townships Development Private Limited
(vii) Delta Corp Limited
(viii) Delta Corp Limited (Richtime Realty Private Limited)
(ix) Rockfirst Real Estate Limited
(x) Ashok Piramal Mega City Development Private Limited
(xi) Ashok Piramal Mega Properties Private Limited
(xii) Ashok Piramal Township Development Private Limited
(xiii) Goldlife Mercantile Company Private Limited
(xiv) Jammin Recreation Private Limited
(xv) Pune Football Club Limited
(xvi) Topvalue Brokers Private Limited
(xvii) Integra Appareals & Textiles Limited, a division of Morarjee Textiles Limited
(xviii) CAMS Learning Private Limited
(xix) EDUSTAR Learning Private Limited
(xx) Bridgepoint Learning Private Limited
(xxi) Rockfield Trading Private Limited
(xxii) Red Rocket Entertainment Private Limited
(xxiii) Piramal Land Private Limited
(xxiv) Piramal Roads Infra Private Limited
(xxv) Antartica Trading Company Private Limited
(xxvi) APG Infrastructure Private Limited
(xxvii) Cromwell Tools (I) Private Limited
(xxviii) Miranda Few Tools Private Limited
(xxix) Miranda Ultra Tools Private Limited
(xxx) PMP Auto Components Private Limited
(xxxi) Delta Adventure & Entertainment Private Limited
(xxxii) Jayem Proeprties Private Limited
IV Enterprises where Key Management Personnel /their relatives exercise significant influence
(i) Ashok G. Piramal Trust
(ii) Peninsula Land Limited ESOP Trust
(iii) Urvi Ashok Piramal Foundation
V Key Management Personnel
(i) Ms. Urvi A. Piramal - Executive Chairperson
(ii) Mr. Rajeev A. Piramal- Vice Chairman & Managing Director
(iii) Mr. Mahesh S. Gupta - Group Managing Director
(iv) Mr. Rajesh Jaggi - Managing Director (upto October 31, 2012)
VI Relatives of Key Management Personnel
(i) Mr. Harshvardhan A. Piramal - Son of Executive Chairperson
(ii) Mr. Nandan A. Piramal - Son of Executive Chairperson
(iii) Mr. Jaydev Mody - Brother of Executive Chairperson
(iv) Ms. Sunita Gupta - Spouse of Group Managing Director
(v) Ms. Kalpana Singhania - Sister of Executive Chairperson
VII Joint Venture (Entire Equity is held through wholly owned subsidiary)
(i) Bridgeview Real Estate Development Private Limited
(ii) Peninsula Brookfield Trustee Private Limited
(iii) Peninsula Brookfield Investment Managers Private Limited
|
|
| Details of Transactions are as Follows : |
| ( In Crores) |
| Particulars |
2012-13 |
2012-12 |
| I Loan taken from |
|
|
|
| a Associate Companies |
|
|
|
| (i) RA Realty Ventures Private Limited |
- |
0.43 |
|
| b Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Piramal Roads Infra Private Limited |
3.35 |
- |
|
| (ii) Jayem Properties Private Limited |
10.00 |
12.79 |
|
| II Income received from |
|
|
|
| a Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Rent from Morarjee Textiles Limited |
1.43 |
1.45 |
|
| (ii) Rent from Piramal Roads Infra Private Limited |
0.14 |
0.05 |
|
| (iii) PMC Fees from Rockfirst Real Estate Limited |
- |
0.59 |
|
| (iv) Debenture Interest from Rockfirst Real Estate Limited |
6.28 |
6.28 |
|
| III Receipt of Services from |
|
|
|
| a Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Freedom Registry Limited |
0.07 |
0.06 |
|
| (ii) Pune Football Club Limited |
|
|
|
| -Advertisement |
8.76 |
4.50 |
|
| (iii) Piramal Roads Infra Private Limited |
- |
0.47 |
|
| IV Purchase from |
|
|
|
| a Associate Companies |
|
|
|
| (i) SEW Engineering (India) Private Limited |
6.51 |
13.97 |
|
| V Reimbursement made to |
|
|
|
| a Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Ashok Piramal Management Corporation Limited |
0.01 |
0.90 |
|
| VI Donation paid to |
|
|
|
| a Companies/Enterprises where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Ashok G. Piramal Trust |
- |
0.60 |
|
| (ii) Urvi Piramal Foundation |
1.44 |
2.59 |
|
| VII Loan given to |
|
|
|
| a Associate Companies |
|
|
|
| (i) RA Realty Ventures Private Limited |
22.91 |
39.62 |
|
| (ii) JM Realty Management Private Limited |
- |
0.00 |
|
| b Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Rockfirst Real Estate Limited |
22.98 |
17.81 |
|
| (ii) Piramal Roads Infra Private Limited |
- |
1.05 |
|
| c Joint Venture |
|
|
|
| (i) Bridgeview Real Estate Development Private Limited |
13.51 |
66.92 |
|
| VIII Loan repaid by |
|
|
|
| a Associate Companies |
|
|
|
| (i) RA Realty Ventures Private Limited |
1.70 |
1.19 |
|
| b Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Rockfirst Real Estate Limited |
0.61 |
2.55 |
|
| (ii) Piramal Roads Infra Private Limited |
- |
1.05 |
|
| c Joint Venture |
|
|
|
| (i) Bridgeview Real Estate Development Private Limited |
28.05 |
34.12 |
|
| IX Expenses incurred on behalf of |
|
|
|
| a Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Thundercloud Technologies (India) Private Limited |
0.01 |
0.01 |
|
| (ii) Piramal Land Private Limited |
- |
0.00 |
|
| (iii) APG Infrastructure Private Limited |
- |
0.00 |
|
| (iv) Cromwell Tools (I) Private Limited |
- |
0.00 |
|
| (v) Miranda Few Tools Private Limited |
0.00 |
0.00 |
|
| (vi) Miranda Ultra Tools Private Limited |
0.00 |
0.00 |
|
| (vii) Peninsula Townships Development Private Limited |
0.00 |
0.00 |
|
| (viii) Ashok Piramal Mega City Development Private Limited |
0.00 |
0.00 |
|
| (ix) Ashok Piramal Mega Properties Private Limited |
0.00 |
0.00 |
|
| (x) Ashok Piramal Township Development Private Limited |
0.00 |
0.00 |
|
| (xi) Topvalue Brokers Private Limited |
0.00 |
0.00 |
|
| (xii) CAMS Learning Private Limited |
0.00 |
0.00 |
|
| (xiii) Edustar Learning Private Limited |
0.00 |
0.00 |
|
| (xiv) Morarjee Textiles Limited |
0.47 |
0.06 |
|
| (xv) Ashok Piramal Management Corporation Limited |
0.07 |
0.06 |
|
| (xvi) Pune Football Club Limited |
0.10 |
0.05 |
|
| (xvii) Peninsula SA Realty Private Limited |
0.00 |
0.00 |
|
| (xviii) Jammin Recreation Private Limited |
- |
0.00 |
|
| (xix) Pune Sports Club Private Limited |
0.00 |
0.00 |
|
| (xx) PMP Auto Components Private Limited |
- |
0.00 |
|
| b Joint Venture |
|
|
|
| (i) Peninsula Brookfield Trustee Private Limited |
0.00 |
0.00 |
|
| (ii) Peninsula Brookfield Investment Managers Private Limited |
0.01 |
0.07 |
|
| X Expenses incurred on behalf reimbursed by |
|
|
|
| a Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Thundercloud Technologies (India) Private Limited |
- |
0.01 |
|
| (ii) Miranda Few Tools Private Limited |
0.00 |
0.00 |
|
| (iii) Miranda Ultra Tools Private Limited |
- |
0.00 |
|
| (iv) Peninsula Land Limited ESOP Trust |
0.38 |
0.62 |
|
| (v) Topvalue Brokers Private Limited |
0.00 |
- |
|
| (vi) Peninsula Townships Development Private Limited |
0.00 |
- |
|
| (vii) Peninsula SA Realty Private Limited |
0.04 |
- |
|
| (viii) Morarjee Textiles Limited |
0.49 |
- |
|
| (ix) Pune Football Club Limited |
0.09 |
0.01 |
|
| (x) Jammin Recreation Private Limited |
- |
0.00 |
|
| (xi) PMP Auto Components Private Limited |
- |
0.00 |
|
| b Joint Venture |
|
|
|
| (i) Peninsula Brookfield Trustee Private Limited |
0.00 |
0.00 |
|
| (ii) Peninsula Brookfield Investment Managers Private Limited |
0.07 |
- |
|
| XI Loan Repaid to |
|
|
|
| a Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Piramal Roads Infra Private Limited |
0.03 |
- |
|
| (ii) Jayem Properties Private Limited |
- |
9.58 |
|
| XII Interest Paid to |
|
|
|
| a Associate Companies |
|
|
|
| (i) RA Realty Ventures Private Limited |
- |
0.01 |
|
| XIII Interest income from |
|
|
|
| a Associate Companies |
|
|
|
| (i) RA Realty Ventures Private Limited |
18.48 |
11.95 |
|
| b Companies where Key Management Personnel /their relatives exercise significant influence |
|
|
|
| (i) Rockfirst Real Estate Limited |
5.95 |
0.47 |
|
| c Joint Venture |
|
|
|
| (i) Bridgeview Real Estate Development Private Limited |
2.82 |
1.94 |
|
| XIV Remuneration to Key Management Personnel (Includes Commission) |
|
|
|
| (i) Ms. Urvi A. Piramal |
8.27 |
7.30 |
|
| (ii) Mr. Rajeev A. Piramal |
5.32 |
4.36 |
|
| (iii) Mr. Mahesh S. Gupta |
5.93 |
4.99 |
|
|