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NOTES TO ACCOUNTS

3P Land Holdings Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 24.66 Cr. P/BV 5.31 Book Value (₹) 2.58
52 Week High/Low (₹) 18/10 FV/ML 2/1 P/E(X) 0.00
Bookclosure 23/07/2018 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2017-03 

1. To the best of knowledge of the company, none of the creditors are 'Small enterprise' within its meaning under clause (m) of section 2 of the Micro, Small and Medium Enterprises Development Act, 2006 & therefore principal amount, interest paid/payable or accrued is NIL.

2. Long term Investments in the share capital of companies have been shown at cost although there has been diminution in their value

In view of the long term prospects of these companies no permanent diminution in value is envisaged by the management except to the extent provided for.

3. Land admeasuring about 1,400 Sq. Meters has been acquired by Municipal Corporation for road widening purpose in the earlier years. The Company is entitled to TDR with an outside chance of cash compensation, which is yet to be determined and as such this will be included when finally decided since the relevant documentation is yet to be finalized and executed.

4. Rates & Taxes and professional fees Capitalized to Fixed Assets Rs.3.93 lacs (last year Nil)

5. Following significant accounting policies have been adopted in preparation and presentation of the financial statements:

6. Fixed Assets are valued at cost.

7. Borrowing costs comprising interest etc. relating to projects are capitalized up to the date of its completion and other borrowing costs are charged to Profit & Loss Account in the year of their accrual.

8. Depreciation on Building has been provided on Straight Line Method and on all other Assets on Written Down Value Method till 31.03.2014. The depreciation is provided on all assets based on the useful lives of the assets on straight line method w.e.f.01.04.2014, in accordance with Schedule II of the Companies Act, 2013.

9. Investments are classified into current and long term investments. Current investments are stated at lower of cost or fair value. Long term investments are stated at cost, less provision for permanent diminution in value ,if any.

10. Contributions to defined contribution schemes, namely, Provident Fund and Supernnuation

Fund is made at a pre-determined rates and are charged to the Profit & Loss Account.

11. Contributions to the defined benefit scheme, namely, Gratuity Fund & provision for the remaining Gratuity and for Leave encashment are made on the basis of actuarial valuations made in accordance with the revised Accounting Standard (AS) 15 at the end of each Financial Year and are charged to the Profit & Loss Account of the year.

12. Actuarial gains & losses are recognized immediately in the Profit & Loss Account.

13. Lease arrangement where the risks and rewards to ownership of assets substantially vest with the leasor, are recognized as operating leases, Lease rentals under operating leases are recognized in the statement of Profit & Loss.

14. Revenue recognition is postponed to a later year only when it is not possible to estimate it with reasonable accuracy.

15. Factors giving rise to any indication of any impairment of the carrying amount of the company's assets are appraised at each balance sheet date to determine and provide /revert an impairment loss following accounting standard AS 28 for impairment of assets.

16. The Deferred Tax Asset in respect of carry forward of losses and tax credit has been worked out on the basis of assessment orders, returns of income filed for subsequent assessment years and estimate of the taxable income for the year ending 31st March, 2017, considering effects of demerger.

17. Related party disclosures (Accounting Standard 18) :

18. Subsidiary Company

Pudumjee Hygiene Products Ltd.

Pudumjee Holding Ltd.

19. Associate Firms/ Companies

20. Pudumjee Pulp & Paper Mills Ltd.

21 Pudumjee Plant Laboratories Limited.

23 Pudumjee Investments and Finance Co. Ltd.

24. Pudumjee Paper Products Ltd.

25. Key Management personnel

26. Mr.G.N.Jajodia Executive Director

27. Mr. J. W. Patil

Company Secretary & C.F.O.

28.The Company has no reportable segments.

29. The Company had entered into leave & license agreements (including leave & license agreement pursuant to the scheme) for commercial use on terms and conditions as specified in their agreements for period ranging from 11 months to 5 years . In respect of this agreement the future minimum lease/ rental payments receivable is as under :

30. The following are the disclosures required under revised Accounting Standards (AS) 15 in respect of Employee Benefits :

31. An amount of Rs.0.31 (Last year Rs.0.80 lacs) has been recognized as an expenses for defined contribution plans by way of Company's contribution to Provident Funds & Super annuation Fund.

32. The defined benefits plans comprise of Gratuity Plan and Leave Encashment Plan. The Gratuity Plan is partly funded with Life Insurance Corporation of India under its Cash Accumulation Plan.

33. Expenses recognized during the year and reconciliation of the Assets & Liabilities recognized in Balance Sheet as at 31.03.2017:

34. Disclosure of the details of specified Bank Notes (SBN) held and transacted during the period from 8th November,2016 to 30th December,2016, required as per Notification G.S.R.308 (E) dated 30th March 2017 issued by the Ministry of Corporate Affairs.

35. The items and figures for the previous year have been recast and regrouped wherever necessary to conform to this year's presentation.

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