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Notes to Accounts of Kabra Commercial Ltd.

Mar 31, 2015

1) SHARE CAPITAL

(a) Rights, preference and restrictions attached to shares

The company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend. 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 of their shareholding.

(b) No shares have been allotted or has been bought back by the Company during the period of 5 years proceeding the date as at which the Balance Sheet is prepared.

2. OTHER NOTES ON ACCOUNT

(i) Contingent liability not provided in respect of Inland Letter of Credit amounting to Rs. 58,500,000/ - issued by Canara Bank in favour of Shree Cement Ltd.

(ii) During the year the Company has changed the method of representation of "Working Capital Secured Loan" amounting to Rs. 58,500,000/- from Canara Bank" which was shown under the head "Short Term Borrowing" upto last year now shown to "TRADE PAYABLES" during the year. Such change in representation does not have any effect in the Profit & Loss Account of the Company.

(iii) The Company is ceased to be a Non-banking Financial Company as Reserve Bank of India vide letter dated 21.11.2014 cancelled the Certificate of Registration. Accordingly the Statutory Reserve created as NBFC has been transferred to Profit and Loss Account.

(iv) No provision has been made in these accounts in respect of Sundry Debtors amounting to Rs. 26,622,251/- outstanding from earlier year as in the opinion of the management, the matter is sub-juice.

(v) No provision has been made in these accounts in respect of Gratuity Liability of Rs.115,385/- (P.Y. 103,846/-) payable to employees who is entitled for such payment as the company intends to account for the same in the year of payment.

(vi) Fixed Deposit Certificates are not available for auditor's verification as the same are pledged to Canara Bank against the overdraft facility and Inland / Foreign letter of credit facility taken from the said Bank.

(vii) In the opinion of the Board of Directors the Current Assets, Loans and Advances are approxi- mately of the value stated in accounts, if realised in ordinary course of business, unless oth- erwise stated. The provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

(viii) The Company has no amounts due to suppliers under the Micro, small and Medium Enter- prises Development Act,2006 (MSMED) as at 31.03.2015.

(ix) There is no disputed statutory liability which is due.

(x)Notes on Segment Reporting

The Company's primary segment is its Business Segment which consists of Coal Trading and Commission/ Service charges and Finance & Investment. Since entire business is conducted within India there are no separate geographical segments.

(xi) Related Party Information in accordance with AS -18 :

(i) Associates

Kabra Steel Products Ltd. Rajesh Manish Associates Pvt. Ltd.

Coal Sale Co. Ltd. Coal Sale Co.

Jagdamba Coal House Mrs. Anushka Kabra

(ii) Key Managerial Personnel

Sri Rajesh Kumar Kabra Sri Ramawtar Kabra

(xii) Figures of the previous year's have been recasted rearranged and reclassified wherever found necessary.


Mar 31, 2014

1.Rights, preference and restrictions attached to shares

The company has only one class of equity shares having a par value ol Rs. 10 per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend, 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 of their shareholding,

2. No provision hua been made in 1hesa accounts In respect erf Sundry Debtors amounting to Rs. 3.66.23.25lAouMBnbhg from earner year as In foe opinion of in6 management. the matter is sub-judice

3. No provision has boon made in these account in respect of Gratuity Liability ol Rs,iD3646/'(P.Y 152280/-) payable to employees who is entitled for such payment as the company in- to account for the same in the year of payment.

4. Fixed Deposit Certifcates are not available for auditors verification as the same are pledged to Canara Rank against the overdraft Facility and inland/ t Foreign letter of credit facility taken from the said Bank,

5. In the opinion of the Board of Directors the Current Assets, Loans and Advances ere ment of the Value Slated in accounts, if realised in ordinary course of business, unless oth-erwise stated. The provisions for all known liabililies are adequate and not in excess of the amount reasonably necessary.

6. The Company has no amounts due to suppliers under the Micro, small and Medium Enter- prises DtivalOpmahl ACt, 2006 (MSMFD) as at 31.03.2014.

7. there is no disputed statutory liability which is due.

8. Notes on Segment Reporting

The Company's primary segment is its Business Segment which consists of Coal Trading and Commission/ Service charges and Finance & Investment. Since entire business is conducted within India thers are no separate geographical segments.

9. Related Patty Information in accordance with AS -18 :

(i) Associates

Kabra Steel Products Ltd. Rajesh Manish Associates Pvt. Ltd. Coal Sale Co. Ltd. Coal Sale Co. Jagdamba Coal House Kabra Brothers

(ii) Key Managerial Personnel

Sri Rajesh Kumar Kabra Sri Ramawtar Kabra

10.figures of the previous year's have been repeated rearranged and reclassified wherever found necessary.`


Mar 31, 2013

1. Rights, preference and restrictions attached to shares

The company has only one class of equity shares having a par value of As. 10 per share. Each Shareholder is eligible for one vote par share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of Interim dividend, 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 of their shareholding,

2. (i) There is no disputed statutory liability which is due.

(ii) The Company do not have any contingent Liability / Assets.

(iii) The GCunpany has no amount due 1d suppTeti under Hie Micro, small and Medium EnieiJ<oS Development AcE 2006 fMSMED] as fl1 51.03-2013-

(iv) In the opinion of the Board of Directors the Current Assets, Loans end Advances art- approximately of [lie value Staled in acccount raised in ordinary flOurSe to business. unless of .hfriwiM stated The provisions the all 'known liabilities are adequate and not 'n excess me FunnuM laaMmably necessary.

(V) Fixed Deposit CerlKFcales are no; available for accounts verification as the same also pledged 10 Canara Bank against the overdraft facility and inland Foreign loiter of credit idenity taken horn me said Bank

(vi) No provision has been made in these accounts in respect or Gratutiy Liability of Rs. i5z2slV-(p.y 160260/-) payable 10 employees who is entitled to# such payment as to company intends to account tor the same in the year of payment.


Mar 31, 2011

1. There is no disputed statutory liability which is due

2. The Company do not have any contingent Liability / Assets.

3. The Company has no amounts due to suppliers under the Micro, small and Medium Enterprises Development Act 2006 (MSMFD) as at 31. 03.2011

4. In the opinion of the Board of Directors the Current Assets, Loans and Advances are approximately of the value stated in accounts, if realised m ordinary course of business, unless otherwise stated The provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary

5. Fixed Deposit Certificates are not available for auditor's verification as the same are pledged to canara Bank against the overdraft facility taken from the said Bark

6. Figures of the previous year have been regrouped neerrauged and recasted whereever found necessary

7. No provision has been made in these accounts in respect of Gratuity Liability of Rs 145440/-(P.Y. 139557/-) payable to employees who is entitled tor such payment as the company intends to account for the same in the year of payment

8. Figures have been rounded off to the nearest rupee

9. Information pursuant to Part IV of Schedule VI of the Companies Act. 1956 in respect of Balance Sheet abstract and Company's General Business Profile is annexed herewith

 
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