Notes On Accounts
As per Accounting Standard 18, the disclosures of transactions with the related parties as defined in the Accounting Standard are given below: List of related parties where control exists and related parties with whom transactions have taken place and relationships:
I) Key Management Personnel
- Mr. Bhogin D Patel
- Mr. Kishor D Patel
- Mrs Nisha B Patel
- Mr Ashish Roongta
- Mr Jayantilal Gala
- Mr Harish Adhia
- Mr Nityanad Tirlokar
II) Relatives to Key Management Personnel
Jethiben Patel Gopi Patel Manoj Patel Bhadresh Patel Hema Patel Mahesh Patel
III) Enterprise over which Key Managerial Personnel are able to exercise significant influence
D K Patel & Co
Patel Builders & Developers Ltd
Rohan Papers Ltd
DKP Family Trust
Bhogin Patel (Huf)
Kishore Patel (Huf)
D K Patel (Huf)
Manoj Patel (Huf)
D K Patel & Sons
D K Patel Enterprises
Kailas Enterprises
Sai Enterprise
Sanghvi Bulders and Associates
Siddhivinayak Enterprise Chetna Money Link Finance Private Limited
DKP Designers and Creators Private Limited
Kailas Designers and Creators Private Limited
Link Promotors Private Limited
Patel Creators and Constructors Private Limited
Rear Promotors Private Limited
Shreeshay Designers and Creators Private Limited
Shreeshay Engineers Private Limited
Transactions with related parties: Year ended March 31, 2018
|
Particulars
|
Subsidiary
|
Key Management Personnel
|
Relatives to Key Management Personnel
|
Enterprise over which Key Managerial Personnel are able to exercise significant influence
|
Total
|
|
Interest
|
-
|
0
|
0
|
3,46,500
|
3,46,500
|
| |
-
|
|
|
-
|
0
|
|
Purchase
|
-
|
-
|
-
|
-
|
0
|
| |
-
|
-
|
-
|
-
|
0
|
|
Remuneration
|
-
|
4,90,570
|
-
|
-
|
4,90,570
|
| |
-
|
-
|
-
|
-
|
0
|
|
Sales
|
-
|
-
|
-
|
-
|
0
|
| |
-
|
-
|
-
|
-
|
0
|
|
Professional Fees
|
|
|
|
12,00,000
|
12,00,000
|
| |
|
|
|
(9,00,000.00)
|
(9,00,000.00)
|
|
Rent
|
-
|
-
|
-
|
0
|
0
|
| |
-
|
-
|
-
|
|
0
|
|
Loans/Adv. Given
|
-
|
-
|
-
|
-
|
0
|
| |
-
|
-
|
-
|
-
|
0
|
|
Loans/Adv. Taken
|
-
|
1,20,45,030
|
-
|
-
|
1,20,45,030
|
| |
|
(2,00,000.00)
|
|
|
(2,00,000.00)
|
- Figures in the bracket indicate Figures of previous year
|
Balances with related parties:
|
|
|
|
|
|
| |
|
|
|
|
|
|
As at March 31, 2018
|
|
|
|
|
|
| |
|
|
|
|
|
|
Particulars
|
Subsidiary
|
Key Management Personnel
|
Relatives to Key Management Personnel
|
Enterprise over which Key Managerial Personnel are able to exercise significant influence
|
Total
|
|
Outstanding Receivables
|
-
|
-
|
-
|
-
|
0
|
| |
|
|
|
|
0
|
|
Outstanding Payable
|
-
|
28,55,389
|
0
|
0
|
28,55,389
|
| |
|
(23,359.96)
|
-
|
-
|
(23,359.96)
|
|
Investment
|
|
-
|
-
|
36,38,300
|
36,38,300
|
| |
|
|
|
(36,38,300.00)
|
(36,38,300.00)
|
| |
|
|
|
|
|
|
- Figures in the bracket indicate Figures of previous year
|
|
|
|
|
|
| |
|
|
|
|
|
|
Disclosure of Material Transactions with Related Parties:
|
|
|
|
|
|
| |
|
|
|
|
|
|
Particulars
|
|
|
|
2017-18
|
2016-17
|
|
Remuneration to Key Management Personnel
|
|
|
|
|
|
|
Nityanad Tirlokar
|
|
|
|
1,84,570.00
|
|
|
Kishore Patel
|
|
|
|
3,06,000.00
|
|
| |
|
|
|
|
|
a
|