Adani Developers (later renamed Sunbourne) 2013 Annual Report.pdf

ADANI DEVELOPERS PRIVATE LIMITED
Standalone Balance Sheet for period 01/04/2011 to 31/03/2012
[400100] Disclosure of general information about company
Unless otherwise specified, all monetary values are in INR
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Name of company
ADANI DEVELOPERS PRIVATE
LIMITED
Corporate identity number U45200GJ2005PTC046759
Permanent account number of entity AAFCA7525C
Address of registered office of company
A D A N I H O U S E N R
M I T H A K H A L I C I R C L E
NAVRANGPURA AHMEDABAD Gujarat INDIA 380009
Type of industry
C o m m e r c i a l a n d
Industrial
Date of board meeting when final accounts were approved 18/05/2012
Period covered by financial statements 12 Months 12 Months
Date of start of reporting period 01/04/2011 01/04/2010
Date of end of reporting period 31/03/2012 31/03/2011
Nature of report standalone consolidated Standalone
Content of report Balance Sheet
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
SRN of form 66 P88440227
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)
Directors signing board report [Axis] Director1
01/04/2011
to
31/03/2012
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director TARWINDER
Last name of director SINGH
Designation of director Director
Director identification number of director 01509225
Date of signing board report 18/05/2012

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ADANI DEVELOPERS PRIVATE LIMITED Standalone Balance Sheet for period 01/04/2011 to 31/03/2012
01/04/2011
to
31/03/2012
Disclosure in board of directors report explanatory [TextBlock]
Textual information (1)
[See below]
Details regarding energy conservation
[See below]
Details regarding foreign exchange earnings and outgo
9. FOREIGN EXCHANGE
EARNINGS AND OUTGO.There
were no Earnings or Outgo
o f f o r e i g n e x c h a n g e
involved during the year
under review.
Particulars of employees as per provisions of section 217
[See below]
Disclosures in director’s responsibility statement
[See below]
Director's comments on qualification(s), reservation(s) or adverse
remark(s) of auditors as per board's report
[See below]

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Disclosure in board of directors report explanatory [Text Block]
DIRECTORS’ REPORT
Your Directors have pleasure in presenting their Seventh Annual Report together with the Audited Accounts of the Company for the year ended
31st March, 2012.
1. FINANCIAL RESULTS
Particulars
For the Year ended
on 31st March, 2012
For the Year ended
on 31st March, 2011
(Rupees) (Rupees)
Sales and Other Income 69,15,077 9,80,842
Total Expenditure 1,73,17,297 2,36,590
Profit/(Loss) before taxation (1,04,02,220) 7,44,252
Provisions for Taxation
Current Tax Expenses -- 1,18,000
Deferred Tax (96,747) 4,48,930
Profit/(Loss) for the year (1,03,05,473) 1,77,322
Your Directors are hopeful for the good financial results in the years to come.
2. DIVIDEND
In view of losses, your Directors regret their inability to recommend any dividend for the year under review.
3. SHARE CAPITAL
As on 31st March, 2012, the Authorised Share capital of the Company was Rs.10,00,00,000/- divided into 1,00,00,000 Equity Shares of Rs. 10/-
each and the paid up share capital of the Company was Rs. 90,00,000/- divided into 9,00,000 equity shares of Rs. 10/- each.
During the year under review, there were no changes in the Authorised and Paid up Share Capital of the Company.
4. STATUTORY AUDITORS
M/s. Deloitte Haskins and Sells, Chartered Accountants will be holding office until the conclusion of forthcoming Annual General Meeting and
offer themselves for re-appointment. A certificate has been received to the effect that their re-appointment if made, would be within the limits
prescribed under Section 224(1B) of the Companies Act, 1956.
The Board has reviewed the Statutory Auditors' Report on the Accounts. The observations and comments, if any, appearing in the Auditors'
Report are self-explanatory and do not call for any further explanation / clarification by the Board of Directors under Section 217(3) of the
Companies Act, 1956.
5. DIRECTORS
During the year under review, Mr. Sunil Sharma has appointed as Director of the Company to fill up casual vacancy caused due to resignation of
Mr. Juvenil Jani w.e.f. 31st August, 2011. He holds the office up to the date of ensuing Annual General Meeting. The Board considers it desirable
to avail his services. The Company has received notice from a member pursuant to Section 257 of the Companies Act, 1956 proposing his
appointment as Director of the Company.

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The Board places on record its appreciation for the valuable services rendered by Mr. Juvenil Jani during his tenure as Director.
Director Retire by rotation
In accordance with the requirements of the Companies Act, 1956, and Articles of Association, Mr. Tarwinder Singh, Director of the Company
retires by rotation at the ensuing Annual General Meeting.
The Board recommends his re-appointment as a Director for your approval.
As on 31st March, 2012, Mr. Devang Desai, Mr. Tarwinder Singh and Mr. Sunil Sharma were Directors of your Company.
6. PUBLIC DEPOSITS
The Company has not accepted any deposits from the public or employees during the year under review.
7. STATUS OF THE COMPANY.
During the year under review, your Company has remained wholly owned subsidiary of M/s. Adani Infrastructure and Developers Pvt. Ltd
(AIDPL), and step down subsidiary of Adani Enterprises Ltd., the flagship Company of Adani Group.
8. DIRECTORS’ RESPONSIBILITY STATEMENT
Pursuant to sub-section (2AA) of Section 217 of the Companies Act, 1956, the Board of Directors of your Company hereby confirms that: -
(i) In the preparation of the annual accounts for the financial year ended 31st March, 2012, the applicable accounting standards have been
followed;
(ii) Appropriate accounting policies have been selected and applied consistently and judgments and estimates are reasonable and prudent, so as to
give a true and fair view of the state of affairs of the Company as at 31st March, 2012 and of the profit and cash flow of the Company for the year
ended on 31st March, 2012.
(iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the
Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities;
(iv) The annual accounts have been prepared on a going concern basis.
9. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.
As your Company is not engaged in any manufacturing activity, a statement containing the information as per Section 217(1)(e) of the Companies
Act, 1956 read with the Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988 is not appended.
There were no Earnings or Outgo of foreign exchange involved during the year under review.
10. PARTICULARS OF EMPLOYEES
The Company has not paid any remuneration attracting the provisions of the Companies (Particulars of Employees) Rules, 1975 read with Section
217(2A) of the Companies Act, 1956. Hence, no information is required to be appended to this report in this regard.
11. SECRETARIAL COMPLIANCE CERTIFICATE

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In accordance with Section 383A of the Companies Act, 1956 and Companies (Compliance Certificate) Rule, 2001 the Company has obtained a
certificate from a Secretary in whole time practice confirming that the Company has complied with the provisions of the Companies Act, 1956
and copy of said certificate is annexed to this report.
12. ACKNOWLEDGEMENT
Your Directors have pleasure in taking this opportunity to thank the Government Agencies, bankers and all other personnel of their committed
support and co-operation to the Company.
For and on behalf of the Board
Tarwinder Singh
Chairman
Date : 18/05/2012
Place: Ahmedabad
Details regarding energy conservation
9. CONSERVATION OF ENERGYAs your Company is not engaged in any manufacturing activity, a statement containing the information as per
Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the Report of Board of Directors) Rules,
1988 is not appended.
Particulars of employees as per provisions of section 217
10. PARTICULARS OF EMPLOYEESThe Company has not paid any remuneration attracting the provisions of the Companies (Particulars of
Employees) Rules, 1975 read with Section 217(2A) of the Companies Act, 1956. Hence, no information is required to be appended to this report
in this regard.
Disclosures in director’s responsibility statement
8.DIRECTORS' RESPONSIBILITY STATEMENTPursuant to sub-section (2AA) of Section 217 of the Companies Act, 1956, the Board of
Directors of your Company hereby confirms that: -(i)In the preparation of the annual accounts for the financial year ended 31st March, 2012, the
applicable accounting standards have been followed;(ii)Appropriate accounting policies have been selected and applied consistently and
judgments and estimates are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Company as at 31st March,
2012 and of the profit and cash flow of the Company for the year ended on 31st March, 2012.(iii)Proper and sufficient care has been taken for the
maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the
Company and for preventing and detecting frauds and other irregularities;(iv)The annual accounts have been prepared on a going concern basis.
Director's comments on qualification(s), reservation(s) or adverse remark(s) of auditors as per board's report
The Board has reviewed the Statutory Auditors' Report on the Accounts.The observations and comments, if any, appearing in the Auditors' Report
are self-explanatory and do not call for any further explanation / clarification by the Board of Directors under Section 217(3) of the Companies
Act, 1956.

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[400200] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]
Auditor's
favourable remark
[Member]
Clause not
applicable
[Member]
01/04/2011
to
31/03/2012
01/04/2011
to
31/03/2012
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Disclosure in auditors report relating to fixed assets
Textual information
(6) [See below]
Disclosure relating to quantitative details of fixed assets
(ii) (a) The Company
has maintained
proper records
showing full
particulars, including
quantitative details
and situation of the
fixed assets.
Disclosure relating to physical verification and material discrepancies of fixed
assets
Textual information
(7) [See below]
Disclosure relating to fixed assets disposed off
(ii) (c) The Company
has not disposed off
any part of its fixed
assets during the
year.
Disclosure in auditors report relating to inventories
Textual information
(8) [See below]
Disclosure of physical verification of inventories at fixed intervals
(iii) In respect of its
inventory:(a)As
explained to us, the
inventories were
physically verified
during the year by
the Management at
reasonable intervals.
Disclosure of procedure followed for physical verification of inventories
Textual information
(9) [See below]
Disclosure about maintenance of inventory records and material discrepancies
Textual information
(10) [See below]
Disclosure in auditors report relating to loans
Textual information
(11) [See below]
Disclosure about loans granted or taken by parties covered under section 301 of
companies act
Textual information
(12) [See below]
Disclosure regarding terms and conditions of loans granted or taken
(iv) (d) The
aforesaid loan is
interest free. The
other terms and
conditions of the
loan are, in our
opinion, prima facie
not prejudicial to the
interests ofthe
Company.
Disclosure regarding terms of recovery of loans granted or taken
(iv) (e) The terms of
repayment of the
principal amount in
respect of the
aforesaid loan have
not been specifically
stipulated. Hence,
we are unable to
comment on the
regularity of its
repayment.
Disclosure in auditors report relating to internal control system
Textual information
(13) [See below]

7
Disclosure in auditors report relating to contracts and arrangements under
section 301 of companies act
Textual information
(14) [See below]
Disclosure relating to presence of register for necessary transactions
(vi) (a) The
particulars of
contracts or
arrangements
referred to Section
301 that needed to
be entered in the
Register maintained
under the said
Section have been so
entered.
Disclosure relating to reasonability of transactions
Textual information
(15) [See below]
Disclosure in auditors report relating to deposits accepted from public
(vii) According to
the information and
explanations given
to us, the Company
has not accepted any
deposit from the
public during the
year.
Disclosure in auditors report relating to companies internal audit system
(viii) In our opinion,
the Company has an
adequate internal
audit system
commensurate with
the size and the
nature of its
business.
Disclosure in auditors report relating to maintenance of cost records
Textual information
(16) [See below]
Disclosure in auditors report relating to statutory dues
Textual information
(17) [See below]
Disclosure relating to regularity in payment of undisputed statutory dues
Textual information
(18) [See below]
Disclosure relating to disputed statutory dues
(x) (c) There are no
dues of Income-tax,
Sales Tax, Wealth
Tax, Service Tax,
Custom Duty,
Excise Duty and
Cess which have not
been deposited as on
31 sl March, 2012 on
account of disputes.
Disclosure in auditors report relating to accumulated losses
Textual information
(19) [See below]
Disclosure in auditors report relating to default in repayment of financial dues
Textual information
(20) [See below]
Disclosure in auditors report relating to loans and advances granted by way
of pledge of shares debentures and other securities
(xiii) According to
the information and
explanations given
to us, the Company
has not granted loans
and advances on the
basis of security by
way of pledge of
shares, debentures
and other securities.
Disclosure in auditors report relating to provisions under special statute NA
Disclosure in auditors report relating to adequacy of records maintained by share
trading companies
NA
Disclosure in auditors report relating to guarantee given
(xiv) According to
the information and
explanations given
to us, the Company
has not given any
guarantees for loans
taken by others from
banks and financial
institutions.
Disclosure in auditors report relating to term loans used for purpose other than
for purpose they were raised
(xv) According to
the information and
explanations given
to us, the Company
has not taken any
term loans during
the year.

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Disclosure in auditors report relating to nature and amount of fund raised
for short-term has been used for long-term or vice versa
Textual information
(21) [See below]
Disclosure in auditors report relating to preferential allotment of shares
Textual information
(22) [See below]
Disclosure in auditors report relating to securities created against debentures
issued
Textual information
(23) [See below]
Disclosure in auditors report relating to purpose and end use of money raised
through public issues
NA
Disclosure in auditors report relating to any material fraud reported during period
(xix) To the best of
our knowledge and
according to the
information and
explanations given
to us, no fraud by the
Company and no
fraud on the
Company has been
noticed or reported
during the year.
Details regarding auditors [Table] ..(1)
Auditors [Axis] Auditor1
01/04/2011
to
31/03/2012
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm
DELOITTEE
HASKINS & SELLS.
Name of auditor signing report
SHAH GAURAV
JASWANTLAL
Firms registration number of audit firm 117365W
Membership number of auditor 035701
Address of auditors
DELOITTEE
HASKINS & SELLS,
HERITAGE,3RD
FLOOR, NEAR
G U J A R A T
VIDHYAPITH,OFF
A S H R A M
ROAD,AHMEDABAD
- 380014
Permanent account number of auditor or auditor's firm AABFD7919A
SRN of form 23B S07286032
Date of signing audit report by auditors 18/05/2012
Date of signing of balance sheet by auditors 18/05/2012
01/04/2011
to
31/03/2012
Disclosure in auditor’s report explanatory [TextBlock]
[See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
contains adverse remarks
No
Disclosure in auditors report relating to fixed assets
(ii) In respect of its fixed assets: (a) The Company has maintained proper records showing full particulars, including quantitative details and
situation of the fixed assets. (b) The fixed assets were physically verified during the year by the Management in accordance with a regular
programme of verification which, in our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the
information and explanations given to us, no material discrepancies were noticed on such verification. (c) The Company has not disposed off any
part of its fixed assets during the year.

9
Disclosure relating to physical verification and material discrepancies of fixed assets
(ii) (b) The fixed assets were physically verified during the year by the Management in accordance with a regular programme of verification
which, in our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and
explanations given to us, no material discrepancies were noticed on such verification.
Disclosure in auditors report relating to inventories
(iii) In respect of its inventory:(a)As explained to us, the inventories were physically verified during the year by the Management at reasonable
intervals.(b)In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventories
followed by the Management were reasonable and adequate In relation to the size ofthe Company and the nature of its business.(c)In our opinion
and according to the information and explanations given to us, the Company has maintained proper records of its inventories and no material
discrepancies were noticed on physical verification.
Disclosure of procedure followed for physical verification of inventories
(iii) (b) In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventories
followed by the Management were reasonable and adequate In relation to the size ofthe Company and the nature of its business.
Disclosure about maintenance of inventory records and material discrepancies
(iii) (c) In our opinion and according to the information and explanations given to us, the Company has maintained proper records of its
inventories and no material discrepancies were noticed on physical verification.
Disclosure in auditors report relating to loans
(iv) (a) The Company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained
under Section 30I' of the Companies Act, 1956. As the Company has not granted any loans, clauses (iii)(b), (iii)(c) and (iii)(d) of Paragraph 4 of
the Order are not applicable to the Company(b) In respect of loans, secured or unsecured, taken by the Company from companies, firms or other
parties covered in the Register maintained under Section 301 ofthe Companies Act, 1956, according to the information and explanations given to
us:(c)The Company has taken a loan from a Company. At the year-end, the outstanding balance of the loan was Rs. 2,98,17,107 and the
maximum amount involved during the year was Rs. 29,90,81,107.(d)The aforesaid loan is interest free. The other terms and conditions of the loan
are, in our opinion, prima facie not prejudicial to the interests ofthe Company.(e)The terms of repayment of the principal amount in respect of the
aforesaid loan have not been specifically stipulated. Hence, we are unable to comment on the regularity of its repayment.
Disclosure about loans granted or taken by parties covered under section 301 of companies act
under Section 30I' of the Companies Act, 1956. As the Company has not granted any loans, clauses (iii)(b), (iii)(c) and (iii)(d) of Paragraph 4 of
the Order are not applicable to the Company.(b) In respect of loans, secured or unsecured, taken by the Company from companies, firms or other
parties covered in the Register maintained under Section 301 ofthe Companies Act, 1956, according to the information and explanations given to
us: (c) The Company has taken a loan from a Company. At the year-end, the outstanding balance of the loan was Rs. 2,98,17,107 and the
maximum amount involved during the year was Rs. 29,90,81,107.

10
Disclosure in auditors report relating to internal control system
(v) In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with
the size of the Company and the nature of its business with regard to purchases of inventory and fixed assets. During the course of our audit, we
have not observed any major weakness in such internal control system.
Disclosure in auditors report relating to contracts and arrangements under section 301 of companies act
(vi) In respect of contracts or arrangements entered in the Register maintained in pursuance of Section 301 of the Companies Act, 1956, to the
best of our knowledge and belief and according to the information and explanations given to us:(a)The particulars of contracts or arrangements
referred to Section 301 that needed to be entered in the Register maintained under the said Section have been so entered.(b)Where each of such
transaction is in excess of Rs.5 lakhs in respect of any party, the transactions have been made at prices which are prima facie reasonable having
regard to the prevailing market prices at the relevant time
Disclosure relating to reasonability of transactions
(vi) (b) Where each of such transaction is in excess of Rs.5 lakhs in respect of any party, the transactions have been made at prices which are
prima facie reasonable having regard to the prevailing market prices at the relevant time
Disclosure in auditors report relating to maintenance of cost records
(ix) To the best of our knowledge and according to the information and explanations given to us, the Central Government has not prescribed the
maintenance of cost records in respect of any activities carried on by the Company.
Disclosure in auditors report relating to statutory dues
(x) According to the information and explanations given to us in respect of statutory dues:(a)The Company has generally been regular in
depositing undisputed dues, including Provident Fund, Income-tax, Sales Tax (VAT), Cess and other material statutory dues applicable to it with
the appropriate authorities. Other dues specified in the clause were not applicable to the Company during the year.(b)There were no undisputed
amounts payable in respect of Provident Fund, Income-tax, Sales Tax, Cess and other material statutory dues in arrears as at 31 st March, 2012 for
a period of more than six months from the date they became payable.(c)There are no dues of Income-tax, Sales Tax, Wealth Tax, Service Tax,
Custom Duty, Excise Duty and Cess which have not been deposited as on 31 sl March, 2012 on account of disputes.
Disclosure relating to regularity in payment of undisputed statutory dues
(x) According to the information and explanations given to us in respect of statutory dues:(a)The Company has generally been regular in
depositing undisputed dues, including Provident Fund, Income-tax, Sales Tax (VAT), Cess and other material statutory dues applicable to it with
the appropriate authorities. Other dues specified in the clause were not applicable to the Company during the year.(b)There were no undisputed
amounts payable in respect of Provident Fund, Income-tax, Sales Tax, Cess and other material statutory dues in arrears as at 31 st March, 2012 for
a period of more than six months from the date they became payable.
Disclosure in auditors report relating to accumulated losses
(xi) The accumulated losses of the Company at the end of the financial year are not less than fifty percent of its net worth. The Company has
incurred a cash loss in the current financial year. In the immediately preceding financial year, it had not incurred a cash loss.

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Disclosure in auditors report relating to default in repayment of financial dues
(xii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of dues to
debenture holders. According to the information and explanations given to us, the Company has not borrowed monies from banks or financial
institutions.
Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-term
or vice versa
(xvi) In our opinion and according to the information and explanations given to us and on an overall examination of the Balance Sheet, we report
that funds raised on short-term basis have not been used for long-term investment.
Disclosure in auditors report relating to preferential allotment of shares
(xvii) According to the information and explanations given to us, the Company has not made any preferential allotment of shares to parties and
companies covered in the Register maintained under Section 301 ofthe Companies Act, 1956.
Disclosure in auditors report relating to securities created against debentures issued
(xviii) The Company had issued Compulsorily Convertible Debentures (CCDs) during the year 2009-10. The CCDs are of the nature of unsecured
loans and hence no security or charges are required to be created for the CCDs.

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Disclosure in auditor’s report explanatory [Text Block]
AUDITORS' REPORT
TO THE MEMBERS OF
ADANI DEVELOPERS PRIVATE LIMITED
1. We have audited the attached Balance Sheet of ADANI DEVELOPERS PRIVATE LIMITED ("the Company") as at 31st March, 2012, the
Statement of Profit and Loss and the Cash Flow Statement of the Company for the year ended on that date, both annexed thereto. These financial
statements are the responsibility of the Company's Management. Our responsibility is to express an opinion on these financial statements based on
our audit.
2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes
examining, on a test basis, evidence supporting the amounts and the disclosures in the financial statements. An audit also includes assessing the
accounting principles used and the significant estimates made by the Management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
3. As required by the Companies (Auditor's Report) Order, 2003 (CARO) issued by the Central Government in terms of Section 227(4A) of the
Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order.
4. Further to our comments in the Annexure referred to in paragraph 3 above, we report as follows:
(a) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our
audit;
(b) in our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books;
(c) the Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this report are in agreement with the books of
account;
(d) in our opinion, the Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this report are in compliance
with the Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956;
(e) in our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required
by the Companies Act, 1956 in the manner so required and give a true and fair view in conformity with the accounting principles generally
accepted in India:
(i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2012;
(ii) in the case of the Statement of Profit and Loss, of the loss of the Company for the year ended on that date and
(iii) in the case of the Cash Flow Statement, of the cash flows of the Company for the year ended on that date.
5. On the basis of the written representations received from the Directors as on 31st March, 2012 taken on record by the Board of Directors, none
of the Directors is disqualified as on 31st March, 2012 from being appointed as a director in terms of Section 274(l)(g) of the Companies Act,
1956.

13
For DELOITTE HASKINS & SELLS
Chartered Accountants
(Registration No. 117365W)
(Gaurav J Shah)
Partner
(Membership No.35701)
Ahmedabad, 18th May, 2012
ANNEXURE TO THE AUDITORS' REPORT
(Referred to in paragraph 3 of our report of even date)
(i) Having regard to the nature of the Company's business/activities/result, clauses (xiii), (xiv) and (xx) of CARO are not applicable.
(ii) In respect of its fixed assets:
(a) The Company has maintained proper records showing full particulars, including quantitative details and situation of the fixed assets.
(b) The fixed assets were physically verified during the year by the Management in accordance with a regular programme of verification which,
in our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanations
given to us, no material discrepancies were noticed on such verification.
(c) The Company has not disposed off any part of its fixed assets during the year.
(iii) In respect of its inventory:
(a) As explained to us, the inventories were physically verified during the year by the Management at reasonable intervals.
(b) In our opinionand according to the information and explanations given to us, the procedures of physical verification of inventories followed by
the Management were reasonable and adequate in relation to the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations given to us, the Company has maintained proper records of its inventories
and no material discrepancies were noticed on physical verification.
under Section 301 of the Companies Act, 1956. As the Company has not granted any loans, clauses (iii)(b), (iii)(c) and (iii)(d) of Paragraph 4 of
the Order are not applicable to the Company
(b) In respect of loans, secured or unsecured, taken by the Company from companies, firms or other parties covered in the Register maintained
under Section 301 of the Companies Act, 1956, according to the information and explanations given to us:
(c) The Company has taken a loan from a Company. At the year-end, the outstanding balance of the loan was Rs. 2,98,17,107 and the maximum
amount involved during the year was Rs. 29,90,81,107.
(d) The aforesaid loan is interest free. The other terms and conditions of the loan are, in our opinion, prima facie not prejudicial to the interests of
the Company.
(e) The terms of repayment of the principal amount in respect of the aforesaid loan have not been specifically stipulated. Hence, we are unable to
comment on the regularity of its repayment.
(v) In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with
the size of the Company and the nature of itsbusinesswith regard to purchases of inventory and fixed assets. During the course of our audit, we
have not observed any major weakness in such internal control system.

14
(vi) In respect of contracts or arrangements entered in the Register maintained in pursuance of Section 301 of the Companies Act, 1956, to the
best of our knowledge and belief and according to the information and explanations given to us:
(a) The particulars of contracts or arrangements referred to Section 301 that needed to be entered in the Register maintained under the said Section
have been so entered.
(b) Where each of such transaction is in excess of Rs.5 lakhs in respect of any party, the transactions have been made at prices which are prima
facie reasonable having regard to the prevailing market prices at the relevant time
(vii) According to the information and explanations given to us, the Company has not accepted any deposit from the public during the year.
(viii) In our opinion, the Company has an adequate internal audit system commensurate with the size and the nature of its business.
(ix) To the best of our knowledge and according to the information and explanations given to us, the Central Government has not prescribed the
maintenance of cost records in respect of any activities carried on by the Company.
(x) According to the information and explanations given to us in respect of statutory dues:
(a) The Company has generally been regular in depositing undisputed dues, including Provident Fund, Income-tax, Sales Tax (VAT), Cess and
other material statutory dues applicable to it with the appropriate authorities. Other dues specified in the clause were not applicable to the
Company during the year.
(b) There were no undisputed amounts payable in respect of Provident Fund, Income-tax, Sales Tax, Cess and other material statutory dues in
arrears as at 31st March, 2012 for a period of more than six months from the date they became payable.
(c) There are no dues of Income-tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty and Cess which have not been deposited as
on 31st March, 2012 on account of disputes.
(xi) The accumulated losses of the Company at the end of the financial year are not less than fifty percent of its net worth. The Company has
incurred a cash loss in the current financial year. In the immediately preceding financial year, it had not incurred a cash loss.
(xii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of dues to
debenture holders. According to the information and explanations given to us, the Company has not borrowed monies from banks or financial
institutions.
(xiii) According to the information and explanations given to us, the Company has not granted loans and advances on the basis of security by way
of pledge of shares, debentures and other securities.
(xiv) According to the information and explanations given to us, the Company has not given any guarantees for loans taken by others from banks
and financial institutions.
(xv) According to the information and explanations given to us, the Company has not taken any term loans during the year.
(xvi) In our opinion and according to the information and explanations given to us and on an overall examination of the Balance Sheet, we report
that funds raised on short-term basis have not been used for long- term investment.
(xvii) According to the information and explanations given to us, the Company has not made any preferential allotment of shares to parties and
companies covered in the Register maintained under Section 301 of the Companies Act, 1956.
(xviii) The Company had issued Compulsorily Convertible Debentures (CCDs) during the year 2009-10. The CCDs are of the nature of unsecured
loans and hence no security or charges are required to be created for the CCDs.

15
(xix) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no fraud on the
Company has been noticed or reported during the year.
For DELOITTE HASKINS & SELLS
Chartered Accountants
(Registration No. 117365W)
(Gaurav J Shah)
Partner
(Membership No. 35701)
Ahmedabad, 18th May, 2012
[100100] Balance sheet
31/03/2012 31/03/2011 31/03/2010
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 90,00,000 90,00,000 90,00,000
Reserves and surplus -85,24,893 17,80,580
Total shareholders' funds 4,75,107 1,07,80,580
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 1,171,36,81,512 1,171,36,81,512
Deferred tax liabilities (net) 5,27,320 6,24,067
Other long-term liabilities 0 0
Long-term provisions 3,73,447 18,78,018
Total non-current liabilities 1,171,45,82,279 1,171,61,83,597
Current liabilities [Abstract]
Short-term borrowings 2,98,17,107 371,15,86,254
Trade payables 58,00,965 13,63,57,660
Other current liabilities 26,31,083 34,73,296
Short-term provisions 7,09,980 5,40,684
Total current liabilities 3,89,59,135 385,19,57,894
Total equity and liabilities 1,175,40,16,521 1,557,89,22,071
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 70,11,821 73,57,864 30,17,932
Intangible assets 0 0
Total fixed assets 70,11,821 73,57,864
Non-current investments 0 0
Long-term loans and advances 1,45,25,280 1,37,86,382
Total non-current assets 2,15,37,101 2,11,44,246
Current assets [Abstract]
Current investments 0 0
Inventories 974,48,00,978 1,550,91,64,395
Trade receivables 1,61,231 1,61,016
Cash and bank balances 15,44,575 1,49,80,459
Short-term loans and advances 198,50,29,477 3,09,07,225
Other current assets 9,43,159 25,64,730
Total current assets 1,173,24,79,420 1,555,77,77,825
Total assets 1,175,40,16,521 1,557,89,22,071

16
[400300] Disclosures - Signatories of balance sheet
Details of directors signing balance sheet [Table] ..(1)
Directors signing balance sheet [Axis] Director1 Director2
01/04/2011
to
31/03/2012
01/04/2011
to
31/03/2012
Details of signatories of balance sheet [Abstract]
Details of directors signing balance sheet [Abstract]
Details of directors signing balance sheet [LineItems]
Name of director signing balance sheet [Abstract]
First name of director TARWINDER SUNIL
Last name of director SINGH SHARMA
Designation of director Director Director
Director identification number of director 01509225 02372553
Date of signing of balance sheet by director 18/05/2012 18/05/2012

17
[100400] Cash flow statement, indirect
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
Statement of cash flows [Abstract]
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax -1,04,02,220 7,44,252
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense 9,98,368 0
Adjustments for dividend income (A) 20,479 (B) 1,61,152
Other adjustments for which cash effects are investing or
financing cash flow
0
(C) -6,34,895
Total adjustments to profit (loss) 9,77,889 -7,96,047
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 576,44,17,661 -89,22,75,515
Adjustments for decrease (increase) in trade receivables -215 0
Adjustments for decrease (increase) in other current and
non-current assets (D) 62,24,999 (E) 9,00,11,157
Adjustments for increase (decrease) in trade payables -13,05,56,695 -53,30,67,513
Adjustments for increase (decrease) in other current and
non-current liabilities
-8,42,213 -44,90,109
Adjustments for provisions (F) -13,35,279 (G) 8,82,840
Total adjustments for working capital 563,79,08,258 -133,89,39,140
Total adjustments for reconcile profit (loss) 563,88,86,147 -133,97,35,187
Net cash flows from (used in) operations 562,84,83,927 -133,89,90,935
Interest received -68,94,598 -1,84,795
Income taxes (paid) refund 7,38,895 1,23,55,709
Net cash flows from (used in) operating activities before extraordinary
items
562,08,50,434 -135,15,31,439
Net cash flows from (used in) operating activities 562,08,50,434 -135,15,31,439
Cash flows from used in investing activities [Abstract]
Other cash receipts from sales of equity or debt instruments of other
entities (H) 2,94,20,479 (I) 66,47,29,204
Other cash payments to acquire equity or debt instruments of other
entities (J) 2,94,00,000 (K) 66,39,33,157
Purchase of tangible assets (L) 7,06,570 (M) 39,08,548
Cash advances and loans made to other parties (N) 196,03,47,249
0
Interest received 85,16,170 39,06,778
Other inflows (outflows) of cash (O) 1,00,00,000 (P) -1,00,00,000
Net cash flows from (used in) investing activities before extraordinary
items
-194,25,17,170 -92,05,723
Net cash flows from (used in) investing activities -194,25,17,170 -92,05,723
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings (Q) 15,35,27,569 (R) 660,00,00,000
Repayments of borrowings (S) 383,52,96,717 (T) 512,09,17,688
Interest paid 0 11,80,64,384
Net cash flows from (used in) financing activities before extraordinary
items
-368,17,69,148 136,10,17,928
Net cash flows from (used in) financing activities -368,17,69,148 136,10,17,928
Net increase (decrease) in cash and cash equivalents before effect of
exchange rate changes
-34,35,884 2,80,766
Net increase (decrease) in cash and cash equivalents -34,35,884 2,80,766
Cash and cash equivalents cash flow statement at end of period 15,44,575 49,80,459 46,99,693

18
Footnotes
(A) It indicates Dividend Income on Mutual Fund.
(B) It indicates Dividend Income on Mutual Fund.
(C) It indicates Prolit on sale of Investments.
(D) It indicates Short term loans and advances.
(E) It indicates Short term loans and advances.
(F) It includes Short term provisions Rs.1,69,296 Plus Long term provisions Rs.(15,04,575).
(G) It indicates Short term provisions.
(H) It indicates Sale of Investment.
(I) It indicates Sale of Investment.
(J) It indicates Purchase of Investment.
(K) It indicates Purchase of Investment.
(L) It indicates Capital expenditure on fixed assets, including capital advances.
(M) It indicates Capital expenditure on fixed assets, including capital advances.
(N) It indicates Short term loans given (net).
(O) It indicates Fixed Deposits matured.
(P) It indicates Fixed Deposits placed.
(Q) It indicates Proceeds from short term borrowings.
(R) It indicates Proceeds from short term borrowings.
(S) It indicates Repayment of short term borrowings.
(T) It indicates Repayment of short term borrowings.
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
Type of share Fully paid Fully paid
Name of shareholder
A D A N I
INFRASTRUCTURE
AND DEVELOPERS
PRIVATE LIMITED
A D A N I
INFRASTRUCTURE
AND DEVELOPERS
PRIVATE LIMITED
CIN of shareholder U45201GJ2006PTC066449 U45201GJ2006PTC066449
Country of incorporation or residence of shareholder INDIA INDIA
Number of shares held in company [shares] 9,00,000 [shares] 9,00,000
Percentage of shareholding in company 100.00% 100.00%

19
Disclosure of classes of share capital [Table] ..(1)
Classes of share capital [Axis] Share capital [Member]
Equity shares
[Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 1,00,00,000 [shares] 1,00,00,000 [shares] 1,00,00,000
Value of shares authorised 10,00,00,000 10,00,00,000 10,00,00,000
Number of shares issued [shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Value of shares issued 90,00,000 90,00,000 90,00,000
Number of shares subscribed and fully paid [shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Value of shares subscribed and fully paid 90,00,000 90,00,000 90,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Total value of shares subscribed 90,00,000 90,00,000 90,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Value of shares called 90,00,000 90,00,000 90,00,000
Value of shares paid-up 90,00,000 90,00,000 90,00,000
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Total increase (decrease) in number of
shares outstanding
[shares] 0 [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 9,00,000 [shares] 9,00,000
[shares]
9,00,000
[shares] 9,00,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 90,00,000 90,00,000 90,00,000 90,00,000
Rights preferences and restrictions attaching
to class of share capital
[See below]
[See below]
Textual information
(27) [See below]
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by ultimate holding
company
(A) [shares] 9,00,000 (B) [shares] 9,00,000
(C) [shares]
9,00,000
Total shares in company held by holding company
or ultimate holding company or by its
subsidiaries or associates
[shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
0 0 0
Footnotes
(A) It indicates number of Shares held by Adani Infrastructure & Developers Pvt. Ltd. and its nominees.
(B) It indicates number of Shares held by Adani Infrastructure & Developers Pvt. Ltd. and its nominees.
(C) It indicates number of Shares held by Adani Infrastructure & Developers Pvt. Ltd. and its nominees.

20
Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Type of share Fully paid Fully paid
Number of shares authorised [shares] 1,00,00,000 [shares] 1,00,00,000 [shares] 1,00,00,000
Value of shares authorised 10,00,00,000 10,00,00,000 10,00,00,000
Number of shares issued [shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Value of shares issued 90,00,000 90,00,000 90,00,000
Number of shares subscribed and fully paid [shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Value of shares subscribed and fully paid 90,00,000 90,00,000 90,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Total value of shares subscribed 90,00,000 90,00,000 90,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Value of shares called 90,00,000 90,00,000 90,00,000
Value of shares paid-up 90,00,000 90,00,000 90,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Details of shares not fully called [Abstract]
Amount per share called [INR/shares] 10 [INR/shares] 10
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Total increase (decrease) in number of
shares outstanding
[shares] 0 [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 9,00,000
[shares]
9,00,000
[shares] 9,00,000 [shares] 9,00,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 90,00,000 90,00,000 90,00,000 90,00,000
Rights preferences and restrictions attaching
to class of share capital
[See below]
Textual information
(29) [See below]
Textual information
(30) [See below]
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by ultimate holding
company
(A) [shares] 9,00,000
(B) [shares]
9,00,000
(C) [shares] 9,00,000
Total shares in company held by holding company
or ultimate holding company or by its
subsidiaries or associates
[shares] 9,00,000 [shares] 9,00,000 [shares] 9,00,000
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
0 0 0
Footnotes
(A) It indicates number of Shares held by Adani Infrastructure & Developers Pvt. Ltd. and its nominees.
(B) It indicates number of Shares held by Adani Infrastructure & Developers Pvt. Ltd. and its nominees.
(C) It indicates number of Shares held by Adani Infrastructure & Developers Pvt. Ltd. and its nominees.

21
Classes of share capital [Axis]
Equity shares 1
[Member]
31/03/2010
Reconciliation of number of shares outstanding [Abstract]
Number of shares outstanding at end of period [shares] 9,00,000
Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period 90,00,000
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
shares in company
Yes Yes
Whether money raised from public offering during year No No
Rights preferences and restrictions attaching to class of share capital
(iii) Terms / rights attached to eguity shares: The company has one class of equity shares having a par value of Rs.10 per share. Each shareholder
is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the
Company after distribution of all preferential amounts, in proportion to their shareholding.

22
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)
Components of reserves [Axis] Reserves [Member] Surplus [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -1,03,05,473 1,77,322 -1,03,05,473
Total additions to reserves -1,03,05,473 1,77,322 -1,03,05,473
Total changes in reserves -1,03,05,473 1,77,322 -1,03,05,473
Reserves at end of period -85,24,893 17,80,580 16,03,258 -85,24,893
Statement of changes in reserves [Table] ..(2)
Components of reserves [Axis] Surplus [Member]
01/04/2010
to
31/03/2011
31/03/2010
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 1,77,322
Total additions to reserves 1,77,322
Total changes in reserves 1,77,322
Reserves at end of period 17,80,580 16,03,258
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)
Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Debentures [Member]
Fully convertible debentures others
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 1,171,36,81,512 1,171,36,81,512 (A) 1,171,36,81,512 (B) 1,171,36,81,512
Footnotes
(A) It indicates Compulsory Convertible Debentures.
(B) It indicates Compulsory Convertible Debentures.

23
Classification of borrowings [Table] ..(2)
Classification based on time period [Axis] Short-term [Member]
Classification of borrowings [Axis]
Loans and advances from related parties
[Member]
Loans and advances from others
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings (A) 2,98,17,107 (B) 371,15,86,254 (C) 2,98,17,107 (D) 371,15,86,254
Footnotes
(A) It indicates Loans and advances from Adani Infrastructure and Developers Pvt. Ltd .
(B) It includes Loans and advances From Adani Infrastructure and Developers Pvt. Ltd Rs.11,15,86,254 Plus Loans and advances From
Adani Enterprise Limited Rs.3,60,00,00,000.
(C) It indicates Loans and advances from related parties.
(D) It indicates Loans and advances from related parties.
Details of bonds or debentures [Table] ..(1)
Details of bonds or debentures [Axis] Compulsory Convertible Debentures.
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Details of bonds or debentures [Abstract]
Details of bonds or debentures [LineItems]
Whether bonds or debentures Debenture Debenture
Nature of bond or debenture Fully convertible Fully convertible
Holder of bond or debenture Others Others
Rate of interest 0.00% 0.00%
Particulars of redemption or conversion
Textual information
(31) [See below]
Textual information
(32) [See below]
Nominal value per bond or debenture [pure] 100 [pure] 100
Number of bonds or debentures [pure] 11,71,36,815 [pure] 11,71,36,815
01/04/2011
to
31/03/2012
Disclosure of notes on borrowings explanatory [TextBlock]
[See below]
The CCDs were due for conversion in Dec'11 and Apr'12. Vide Supplementary Agreement dated April 1, 2011. the maturity period of the CCDs
has been amended and the CCDs shall now automatically and compulsorily get converted, without any further act or application by the CCD
holders into Equity shares on or after December 31. 2014. The CCDs carry NIL rate of interest.
The CCDs were due for conversion in Dec'11 and Apr'12. Vide Supplementary Agreement dated April 1, 2011. the maturity period of the CCDs
holders into Equity shares on or after December 31. 2014. The CCDs carry NIL rate of interest.

24
Disclosure of notes on borrowings explanatory [Text Block]
The Company received USD 210,499,965 (Equivalent to Rs.9,532,801,365) in the financial year 2008-09 and USD 43,302,986 (Equivalent to Rs.
2,180,880,147) in the financial year 2009-10 from Krunal Oil Marketing Pvt. Ltd., a limited Company incorporated in Mauritius. Against the total
USD 253,802,951 (equivalent to Rs. 11,713,681,512) so received, Company has issued 117,136,815 Compulsorily Convertible Debentures
(CCD) each of face value of Rs. 100.
The CCDs were due for conversion in Dec'11 and Apr'12. Vide Supplementary Agreement dated April 1, 2011, the maturity period of the CCDs
holders into Equity shares on or after December 31, 2014. The CCDs carry NIL rate of interest.
[201000] Notes - Tangible assets
Disclosure of additional information tangible assets [Table] ..(1)
Classes of tangible assets [Axis]
Company total tangible assets
[Member]
Plant and equipment [Member]
Furniture and fixtures
[Member]
Sub classes of tangible assets [Axis]
Owned and leased assets
[Member]
Owned assets [Member] Owned assets [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Disclosure of additional information
tangible assets [Abstract]
tangible assets [LineItems]
Depreciation method tangible assets
Straight Line
Method
Straight Line
Method
Straight Line
Method
Straight Line
Method
Straight Line
Method
Straight Line
Method
Useful lives or depreciation rates
tangible assets
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
Classes of tangible assets [Axis] Vehicles [Member] Motor vehicles [Member] Office equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
tangible assets [LineItems]
Straight Line
Method
Straight Line
Method
Straight Line
Method
Straight Line
Method
Straight Line
Method
Straight Line
Method
Useful lives or depreciation rates
tangible assets
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT
A S P E R
SCHEDULE
X I V O F
COMPANIES
ACT

25
Classes of tangible assets [Axis] Computer equipments [Member] Other equipments [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Disclosure of additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
Straight Line
Method
Straight Line Method
Straight Line
Method
Straight Line Method
Useful lives or depreciation rates tangible assets
A S P E R
SCHEDULE XIV
OF COMPANIES
ACT
AS PER SCHEDULE
X I V O F
COMPANIES ACT
A S P E R
SCHEDULE XIV
OF COMPANIES
ACT
AS PER SCHEDULE
X I V O F
COMPANIES ACT
Disclosure of tangible assets [Table] ..(1)
Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]
Carrying amount [Member] Gross carrying amount [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
7,06,570 46,43,465 7,06,570 46,43,465
Depreciation tangible assets -10,52,613 -3,03,533
Total changes in tangible
assets
-3,46,043 43,39,932 7,06,570 46,43,465
Tangible assets at end of period 70,11,821 73,57,864 30,17,932 90,58,065 83,51,495 37,08,030
Classes of tangible assets [Axis] Company total tangible assets [Member] Plant and equipment [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Accumulated depreciation and impairment
[Member]
Carrying amount [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
Depreciation tangible assets 10,52,613 3,03,533 -54,245 -54,245
assets
10,52,613 3,03,533 -54,245 -54,245

26
Classes of tangible assets [Axis] Plant and equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Gross carrying amount [Member]
[Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
Depreciation tangible assets 54,245 54,245
assets
0 0 54,245 54,245
Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
assets
4,05,900 4,05,900
Depreciation tangible assets -1,00,427 -1,00,427
assets
-1,00,427 3,05,473 0 4,05,900
Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
[Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
Depreciation tangible assets 1,00,427 1,00,427 -63,973 -63,973
assets
1,00,427 1,00,427 -63,973 -63,973

27
Classes of tangible assets [Axis] Vehicles [Member]
[Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
assets
0 0 63,973 63,973
Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
Depreciation tangible assets -63,973 -63,973
assets
-63,973 -63,973 0 0
Tangible assets at end of period (A) 4,01,076 4,65,048 5,29,021 (B) 6,73,397 6,73,397 6,73,397
Footnotes
(A) It indicates Vehicles.
(B) It indicates Vehicles.

28
Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
[Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
assets
(D) 7,06,570 (E) 42,37,565
Depreciation tangible assets 63,973 63,973 (F) -8,33,968 (G) -84,888
assets
63,973 63,973 -1,27,398 41,52,677
Tangible assets at end of period (A) 2,72,321 2,08,349 1,44,376 (B) 44,57,159 (C) 45,84,557 4,31,880
Footnotes
(A) It indicates Vehicles.
(B) It includes Office Equipments Rs. 1,38,561 Plus Computers Hardware Rs. 43,18,598.
(C) It includes Office Equipments Rs. 113173 Plus Computers Hardware Rs. 4471384.
(D) It includes Office Equipments Rs. 34,642 Plus Computers Hardware Rs. 6,71,928.
(E) It includes Office Equipments Rs. 28240 Plus Computers Hardware Rs. 4209325.
(F) It includes Office Equipments Rs. (9,254) Plus Computers Hardware Rs. (8,24,714).
(G) It includes Office Equipments Rs. (7989) Plus Computers Hardware Rs. (76899).
Classes of tangible assets [Axis] Office equipment [Member]
[Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
assets
(E) 7,06,570 (F) 42,37,565
Depreciation tangible assets (G) 8,33,968 (H) 84,888
assets
7,06,570 42,37,565 8,33,968 84,888
Tangible assets at end of period (A) 56,06,394 (B) 48,99,824 6,62,259 (C) 11,49,235 (D) 3,15,267 2,30,379

29
Footnotes
(A) It includes Office Equipments Rs. 2,71,646 Plus Computers Hardware Rs. 53,34,748.
(B) It includes Office Equipments Rs. 237004 Plus Computers Hardware Rs. 4662820.
(C) It includes Office Equipments Rs. 1,33,085 Plus Computers Hardware Rs. 10,16,150.
(D) It includes Office Equipments Rs. 123,831 Plus Computers Hardware Rs. 191,436.
(E) It includes Office Equipments Rs. 34,642 Plus Computers Hardware Rs. 6,71,928.
(F) It includes Office Equipments Rs. 28240 Plus Computers Hardware Rs. 4209325.
(G) It includes Office Equipments Rs. 9,254 Plus Computers Hardware Rs. 8,24,714.
(H) It includes Office Equipments Rs.7989 Plus Computers Hardware Rs. 76899.
Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
assets
6,71,928 42,09,325 6,71,928 42,09,325
Depreciation tangible assets -8,24,714 -76,899
assets
-1,52,786 41,32,426 6,71,928 42,09,325
Classes of tangible assets [Axis] Computer equipments [Member] Other equipments [Member]
[Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
assets
34,642 28,240
Depreciation tangible assets 8,24,714 76,899 -9,254 -7,989
assets
8,24,714 76,899 25,388 20,251
Tangible assets at end of period 10,16,150 1,91,436 1,14,537 (A) 1,38,561 1,13,173 92,922
Footnotes
(A) It indicates Office Equipments.

30
Classes of tangible assets [Axis] Other equipments [Member]
[Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
31/03/2010
[LineItems]
[Abstract]
assets
34,642 28,240
assets
34,642 28,240 9,254 7,989
Tangible assets at end of period (A) 2,71,646 2,37,004 2,08,764 (B) 1,33,085 1,23,831 1,15,842
Footnotes
(A) It indicates Office Equipments.
(B) It indicates Office Equipments.
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)
Classes of intangible assets [Axis]
Company total intangible assets
[Member]
Sub classes of intangible assets [Axis]
Internally generated and other than
internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
31/03/2012 31/03/2011
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Intangible assets at end of period 0 0

31
[200600] Notes - Subclassification and notes on liabilities and assets
Subclassification of trade receivables [Table] ..(1)
Classification of assets based on security [Axis]
Classification of assets based on security
[Member]
Unsecured considered good [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Subclassification and notes on liabilities and assets
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 1,61,231 1,61,016 1,61,231 1,61,016
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 1,61,231 1,61,016 1,61,231 1,61,016
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by
directors, other officers or
others
0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is
partner or director
0 0
Disclosure of breakup of provisions [Table] ..(1)
Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 0 11,89,107 0 22,213
Provision leave encashment 3,73,447 6,88,911 7,09,980 5,18,471
Total provisions for employee benefits 3,73,447 18,78,018 7,09,980 5,40,684
Total provisions 3,73,447 18,78,018 7,09,980 5,40,684

32
Loans and advances [Table] ..(1)
Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Security deposits [Member] Advance tax [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 15,48,674 15,48,674 1,29,76,606 1,22,37,708
Allowance for bad and doubtful loans and
advances
0 0 0 0
Loans and advances 15,48,674 15,48,674 1,29,76,606 1,22,37,708
Details of loans and advances due by
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
partner or director [Abstract]
Total loans and advances due
by firms or companies in which
any director is partner or
director
0 0 0 0
Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Classification of loans and advances [Axis] Advance income tax paid [Member] Security deposits [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances, gross (A) 1,29,76,606 (B) 1,22,37,708 0 74,49,268
advances
0 0 0 0
Loans and advances 1,29,76,606 1,22,37,708 0 74,49,268
[Abstract]
0 0 0 0
director
0 0 0 0
Footnotes
(A) It indicates Advance income-tax (Net of provisions).
(B) It indicates Advance income-tax (Net of provisions).

33
Classification of loans and advances [Axis]
Loans and advances to related parties
[Member]
Loans advances given other related
parties [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances, gross (A) 196,03,47,249 0 196,03,47,249 0
advances
0 0 0 0
Loans and advances 196,03,47,249 0 196,03,47,249 0
[Abstract]
0 0 0 0
director
0 0 0 0
Footnotes
(A) It indicates Loans and advances to Adani Township and Real Estate Company (a firm in which the holding company is a partner).
Loans advances given employees
[Member]
Loans advances value be received
[Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances, gross 60,615 0 12,03,312 1,19,579
advances
0 0 0 0
Loans and advances 60,615 0 12,03,312 1,19,579
[Abstract]
0 0 0 0
director
0 0 0 0

34
Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances, gross (A) 2,34,18,301 (B) 2,33,38,378 0 20,708
advances
0 0 0 0
Loans and advances 2,34,18,301 2,33,38,378 0 20,708
[Abstract]
0 0 0 0
director
0 0 0 0
Footnotes
(A) It indicates Mobilisation advances.
(B) It includes Mobilisation advances Rs.2,33,17,670 Plus Prepaid expenses Rs.20,708.
Other loans and advances, others
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances, gross (A) 2,34,18,301 (B) 2,33,17,670
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 2,34,18,301 2,33,17,670
Nature of other loans and advances
Mobilisation
advances
Mobilisation advances
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Total loans and advances due by firms or companies in which any director
is partner or director
0 0
Footnotes
(A) It indicates Mobilisation advances.
(B) It indicates Mobilisation advances.

35
Classification of inventories [Table] ..(1)
Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 974,48,00,978 1,550,91,64,395 (A) 1,35,12,320 (B) 9,49,64,442
Mode of valuation
At lower of cost and
net realisable value
Footnotes
(A) It indicates Construction Materials at site.
(B) It indicates Construction Materials at site.
Classification of inventories [Table] ..(2)
Classification of inventories [Axis] Work-in-progress [Member] Stores and spares [Member]
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories (A) 973,12,23,554 (B) 1,541,41,34,849 65,104 65,104
Mode of valuation
Footnotes
(A) It includes Expenses incurred during the year related to the project -Building Construction Expenses Rs. 10,28,15,385 Plus
-Depreciation Rs. 54,245 -Personnel Expenses Rs. 2 ,80,85,051 Plus -Other expenses Rs. 43,97,500 Plus -Finance Charges Rs. 0. Plus
Refund received (refer note 22) Rs. (5,81,82,63.476).
(B) It includes Expenses incurred during the year related to the project -Building Construction Expenses Rs. 49,55,39,251 Plus
-Depreciation Rs. 3,03,532 -Personnel Expenses Rs. 4,37,01,486 Plus -Other expenses Rs. 26,60,60,640 Plus -Finance Charges Rs.
18,94,59,386 Plus Refund received (refer note 22) Rs.0.

36
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
[See below]
Trade payables, long-term 0 0
Total others, long-term 0 0
Total other long-term liabilities 0 0
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Taxes payable other tax (A) 4,22,845 (B) 14,69,161
Accrued expenses payable 2,12,108 6,24,705
Public deposit payable, current 0 0
Total other payables, current 6,34,953 20,93,866
Current liabilities portion of share application money pending
allotment
0 0
Other current liabilities, others (C) 19,96,130 (D) 13,79,430
Total other current liabilities 26,31,083 34,73,296
Aggregate amount of trade receivables outstanding for period
exceeding six months
1,61,231 1,61,016
Fixed deposits with banks 0 0
Other balances with banks (E) 15,44,575 (F) 41,81,475
Total balance with banks 15,44,575 41,81,475
Cheques, drafts on hand 0 7,98,984
Cash on hand 0 0
Total cash and cash equivalents 15,44,575 49,80,459
Other bank balances 0
(G) 1,00,00,000
Total cash and bank balances 15,44,575 1,49,80,459
Total balances held with banks to extent held as
margin money or security against borrowings,
guarantees or other commitments
0 0
Bank deposits with more than twelve months maturity 0 0
Other current assets, others (H) 9,43,159 (I) 25,64,730
Total other current assets 9,43,159 25,64,730
Footnotes
(A) It indicates Statutory remittances.
(B) It indicates Statutory remittances.
(C) It indicates Other payables.
(D) It indicates Other payables.
(E) It indicates Balances with Banks -In Current Accounts.
(F) It indicates Balances with Banks -In Current Accounts.
(G) It includes Deposits with original maturity of more than 3 months but less than 12 months.
(H) It indicates interest accrued on loan given to Adani Township & Real Estate Co.
(I) It includes interest accrued on fixed deposits Rs.1,66,315 Plus On loan given to Adani Township & Real Estate Co. Rs.23,98,415.
Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]
22. Refund has been received from Transferor of Development Rights pursuant to Supplementary Agreement dated 20th March, 2012 and the
same will be repaid to the Transferor on performance of its obligations as per the revised timeframes.

37
[200700] Notes - Additional disclosures on balance sheet
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Disclosure of additional balance sheet notes explanatory [TextBlock]
[See below]
Claims against company not acknowledged as debt 4,17,67,228 0
Total contingent liabilities 4,17,67,228 0
Total contingent liabilities and commitments 4,17,67,228 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
shareholders
[INR/shares] 0 [INR/shares] 0
Amount of dividends proposed to be distributed to preference
shareholders
0 0
Percentage of equity shares held up by major shareholders 100.00%
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Whether maintenance of cost records by company has
been mandated under any cost accounting records
rules notified under section 209(1)(d) of
companies act,1956
No No
Whether audit of cost records of company has been
mandated by central government under section 233B of
Companies Act, 1956
No No
Net worth of company 4,75,107 1,07,80,580
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Disclosure of additional balance sheet notes explanatory [Text Block]
22. Refund has been received from Transferor of Development Rights pursuant to Supplementary Agreement dated 20th March, 2012 and the
same will be repaid to the Transferor on performance of its obligations as per the revised timeframes.
24. The Company has not received any intimation from vendors regarding their status under the Micro, Small and Medium Enterprises Act, 2006
(MSMED). In view of this, information required under Schedule VI of the Companies Act, 1956 to that extent is not given.
31. The Company prepares and presents its financial Statements as per Schedule VI to the Companies Act, 1956, as applicable to it from time to
time. In view of revision to the Schedule VI as per a notification issued during the year by the Central Government, the financial Statements for
the year ended 31st March, 2012 have been prepared and presented as per the requirements of the Revised Schedule VI to the Companies Act,
1956. The previous year figures have been accordingly regrouped / reclassified to conform to the current year's classification.

38
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2011
to
31/03/2012
Disclosure of accounting policies, change in accounting policies and
changes in estimates explanatory [TextBlock]
[See below]

Adani Developers (later renamed Sunbourne) 2013 Annual Report.pdf

Adani Developers (later renamed Sunbourne) 2013 Annual Report.pdf

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Adani Developers (later renamed Sunbourne) 2013 Annual Report.pdf