Mar 31, 2015
1. Details of Licensed and Installed Capacity, Production, Stock and
Turnover.
2. Employee Benefits
With effect from 1st April 2007, the company has adopted revised
Accounting Standard 15 "Employei Benefits". Pursuant to the adoption,
no adjustment was required to be made to general reserve of revisei As
-15 as the impact was insignificant. .
3. During the year, the company has taken physical verification of
fixed assets and noted discrepancy of Rs Nil (W.D.V.) (P. Y Nil ) of
Fixed Assets and the same were adjusted and discarded in the books of
accounts
4. Pursuant to the enactment of Companies Act 2013, the company has
applied the estimated useful lives as specified in Schedule II.
Accordingly the unamortised carrying value is being depreciated over
the revised/ remaining useful lives. The written down value of Fixed
Assets whose lives have expired as at 1st April 2014 have been
adjusted, in the opening balance of General Reserves amounting to Rs.
1,034,379/-.
5. Disclosure of Related Parties / Transactions With Related Parties:-
Relationship Name of Related Party
Subsidiary company RDJ Construction Private Limited
Group Companies CMS Traffic Systems Limited
(Enterprise over which
Director CMS Computers Limited
and/or his relatives has Jess Prasad Engg. And Metallurgical
Services Pvt. Ltd
significant influence) ST Energy Solution Private Limited
CMS Engineering Services Private Limited
G.G. Constructions Private Limited
Datacom Computer Services Private Limited
Dynamic Hydro Machines Private Limited
Mailtek Services (India) Limited
Netprint Solution India Private Limited
New Video Private Limited
CMS - Ident Pvt. Ltd.
Computer Products and Services Pvt. Ltd.
Dominant Developers Pvt. Ltd.
Acu-Soft Technologies Pvt. Ltd.
CMS-DITL Ltd.
Computer Maintenance Service
Royal Virgo Travels
Systime Computers Limited
CMS Universal Solution P Ltd
CMS Info System Ltd.
Resergent Infotech Pvt.Ltd.
People Upliftment Foundation
CMS Marshal Limited
CMS Securitas Limited
Money ease Capital Pvt. Ltd.
CMS I.T Services Pvt.Ltd
Key Management
Personnel (KMP) Directors :
Mrs. Raju R. Grover
Ms. Aarti R. Grover
Mrs. Sona P. Ramchandani
Mrs. Pramila Prakash Merani
Mrs.Savitri Lal Butani
Mr.Deepak Potdar (CFO)
Miss. Kamaleshwari Bind (CS)
6. The equity shares of the company are listed in Bombay Stock Exchange
and company has paid annual listing fees to the stock exchange for the
year 2014-2015.
7. During the year the Company has reviewed Accounts Receivable and
reversed provision for doubtful debts Rs. 555,034. (P.Y. Provision
made.Rs 348,923).
8. Segment wise Reporting as per Note No. 27.
9. In the opinion of the Board Current Assets, Loans & Advances have a
value on realization in the ordinary Course of Business at least equal
to the amount at which they are stated in accounts and all current
liabilities have been provided for.
10. Sundry Debtors and Creditors are subject to confirmation and
reconciliation if any.
11. Previous Years figures have been regrouped / rearranged wherever
necessary.
Mar 31, 2013
1 Employee Benefits
With effect from 1st April 2007, the company has adopted revised
Accounting Standard 15 "Employee Benefits". Pursuant to the adoption,
no adjustment was required to be made to general reserve of revised As
-15 as the impact was insignificant.
As per Accounting Standard 15" Employee Benefits", the disclosure of
Employee benefits as defined in the Accounting Standard are given
below:
2 During the year the Company has reviewed Accounts Receivable and
made provision for doubtfull debts Rs. 513,805 (P.Y. 1,862,020).
3 Segment wise Reporting as per Note No. 27
4 In the opinion of the Board Current Assets, Loans & Advances have a
value on realization in the ordinary Course of Business at least equal
to the amount at which they are stated in accounts and all current
liabilities have been provided for.
5 Sundry Debtors and Creditors are subject to confirmation and
reconciliation if any.
6 Previous Years figures have been regrouped / rearranged wherever
necessary.
Mar 31, 2012
Note : The Above Remuneration Paid is In Excess of Limits Prescribed
U/S 309 of The Companies Act 1956 and is subject to necessary
Subsequent approval.
1 Details of Licensed and Installed Capacity, Production, Stock and
Turnover.
2 Employee Benefits
With effect from 1st April 2007, the company has adopted revised
Accounting Standard 15 "Employee Benefits". Pursuant to the adoption,
no adjustment was required to be made to general reserve of revised As
-15 as the impact was insignificant.
As per Accounting Standard 15 " Employee Benefits", the disclosure
of Employee benefits as defined in the Accounting Standard are given
below:
The Company's Provident Fund is Exempted under section 17 of
Employees' Provident Fund Act, 1952.Condition of grant of exemption
stipulates that the employer shall make good deficiency, if any, in the
interest rate declared by the trust vis- a vis statutory rate.
II Defined Benefit Plans
Under both the Gratuity and Leave Encashment, The Present Value of
Obligation is determined based on actuarial valuation using the
projected Unit Credit Method, which recognizes each period of service
as giving rise to additional unit of employee benefit entitlement and
measure each unit of employee benefit entitlement and measure each unit
separately to build up the final obligation.
Fare value of plan assets at the end of period Rs 12,148,262/- is
funded fully with Life Insurance Corporation of India
3 During the year, the company has taken physical verification of
fixed assets and noted discrepancy of Rs Nil (W.D.V.) (R Y. 0.28 Lacs)
of Fixed Assets and the same were adjusted and discarded in the books
of accounts - Rs. NIL in respect of the related parties have bee
written off are provided during the year
- Related party relationship have been identified by the management and
relied upon by the auditors
4 The equity shares of the company are listed in Bombay Stock Exchange
and company has paid annual listing fees to the stock exchange for the
year 2011-2012.
5 During the year the Company has reviewed Accounts Receivable and
decided to written off Rs. 14.50 Lacs (RY. 9.95 Lacs) as bad debts.
6 Segment wise Reporting as per Note No. 27
7 In the opinion of the Board Current Assets, Loans & Advances have a
value on realization in the ordinary Course of Business at least equal
to the amount at which they are stated in accounts and all current
liabilities have been provided for.
8 Sundry Debtors and Creditors are subject to confirmation and
reconciliation if any.
9 Previous Years figures have been regrouped / rearranged wherever
necessary.
NOTE NO. 10
1. Segments have been identified in line with the accounting standard
on segment reporting (AS- 17) taking into account the organisation's
product revenue.
2. The company recognise switches as primary segment.
3. Assets used in the company's business or liabilities contracted
have not been identified to any of the reportable segments as assets
are used interchangeably between segments.
Management believes that it is not practicable to provide segment
disclosure relating to total assets and total liabilities, since a
meaningful segregation of available data could be onerous.
Mar 31, 2011
1. Background
KAYCEE INDUSTRIES LIMITED is a manufacturing and trading company in the
field of industrial switches, counters, water meters, electrical
components, etc.
I Defined Benefit Plans
Under both the Gratuity and Leave Encashment, The Present Value of
Obligation is determined based on actuarial valuation using the
projected Unit Credit Method, which recognizes each period of service
as giving rise to additional unit of employee benefit entitlement and
measure each unit of employee benefit entitlement and measure each unit
separately to build up the final obligation.
2. During the year, the company has taken physical verification of
fixed assets and noted discrepancy of Rs 0.28 lacs (W.D.V.) (P. Y. 0.11
Lacs) of Fixed Assets and the same were adjusted and discarded in the
books of accounts
3. Disclosure of Related Parties / Transactions With Related Parties:-
Relationship Name of Related Party
Holding companies Money Ease Capital Private Limited
CMS Traffic Systems Limited
Subsidiary companies RDJ Construction Private Limited
Group Company Jess Prasad Engg. And Metallurgical
Services Pvt. Ltd.
(Enterprise over which CMS Energy Systems Private Limited
Director and/or his CMS Engineering Services Private
relatives has Limited
significant influence) G.G. Constructions Private Limited
Datacom Computer Services Private
Limited
CMS Computers Limited
Systime Global Solutions Pvt. Ltd.
CMS Info Systems Pvt. Ltd.
CMS Securitas Limited
Dynamic Hydro Machines Private Limited
Mailtek Services (India) Limited
Netprint Solution India Private Limited
New Video Private Limited
CMS-ldentPvt. Ltd.
Systime Computers Limited
Computer Products and Services Pvt.
Ltd.
VersaPos Group Inc USA
Dorminant Developers Pvt. Ltd.
Acu-Soft Technologies Pvt. Ltd.
Cable Network Systems Pvt. Ltd.
CMS-DITL Ltd.
CMS Netprint (Private) Limted Sri
Lanka
Suburbia Realtors Private Limited
Systime Computer Corporation, USA
Systime Global Systems Pte Ltd.,.
Singapore
Systime Global Systems Pte Ltd.,
Australia
Systime Global Systems Japan Ltd.,
Japan
Systime ME FZCO, Dubai.
CSI Solutions Ltd., U.K.
VersoPosl NC.USA
CMS Global Solutions Ltd., U.K.
Leadline Security Systems Private
Limited
Unmatched Systems Private Limited
Dominant Systems Private Limited
Radiant Security Services Private
Limited
Computer Maintenance Service
Resergent Infoteck Private Limited
Royal Virgo Travels
Key Management Personnel Mrs. Raju R. Grover
(KMP)
Ms. Aarti R. Grover
Mr. Aaloke Ghosh
4. The equity shares of the company are listed in Bombay Stock Exchange
and company has paid annual listing fees to the stock exchange for the
year 2010-2011.
5. Balance Sheet Abstract and Company's Business Profile as per
Annexure to Schedule No. 14
6. During the year the Company has reviewed Accounts Receivable and
decided to written off Rs. 9.95 Lacs (P.Y. 1.18 Lacs) as bad debts.
7. Segment wise Reporting as per Annexure to Schedule No. 14.
8. In the opinion of the Board Current Assets, Loans & Advances have a
value on realization in the ordinary Course of Business at least to the
amount at which they are stated and all current liabilities have been
provided for.
9. Sundry Debtors and Creditors are subject to confirmation and
reconciliation if any.
10. Previous Years figures have been regrouped / rearranged wherever
necessary.
Mar 31, 2010
1 Background
KAYCEE INDUSTRIES LIMITED is a manufacturing and trading company in the
field of industrial switches, counters, water meters, electrical
components, etc.
2 Earning per share
Basic and diluted earnings per share are calculated by dividing the net
profit/ loss for the year by the weighted average number of equity
shares outstanding during the period.
3 Provisions
A provision is recognized when the company has a present obligation
resulting from past events and it is probable that an outflow of
resources will be required to settle the obligation for which a
reliable estimate can be made. Provisions are based on managements
best estimate of the amount required to settle the obligation at the
balance sheet date. Provisions are reviewed at each balance sheet date
and adjusted to reflect revision in estimates. The company has decided
to provide Bad and doubtful debts if debtors remain outstanding over
and above one years
4 Income Tax
A tax expense comprises current and deferred taxes. Current income tax
is measured at the amount expected to be paid to the tax authorities in
accordance with The Income Tax Act, 1961. Deferred Income Tax Reflects
the impact of current year timing differences between taxable income
and accounting income for the year and reversal of timing differences
of earlier years.
The differed tax asset and deferred tax liability is calculated by
applying tax rate and tax laws that have been enacted or substantially
enacted at the balance sheet date.
Deferred taxes assets are recognized and carried forward for all
deductible timing differences only if there is reasonable certainty
that sufficient future taxable income will be available against which
such deferred tax assets can be realized.
The deferred tax liability is arising due to timing difference on
depreciation charged where as deferred tax assets arising mainly on
account of Leave encashment & Gratuity.
5 Estimated value of contracts (Net of Advances) to be executed on
capital account and not provided for Rs. 0.66 Lacs (Previous year Rs.
5.34 Lacs).
6 Duties & Penalties to the tune of Rs. NiL Lacs (Prev. Year NIL lacs)
have been levied by the Superintendent of Excise. Company has not
provided contingent liability of Rs 12.88 Lacs against Sales Tax
Assessment for year 2000-2001 and Rs.3.96 Lacs against Central Excise
assessment for year 2007-2008.
7 Pakistan unit of the Company continues to be under the control of
Pakistan Government. It has not been possible to establish any
communication with the said unit so far. Therefore, statement of Assets
and Liabilities as at 30th June 1964 based on the last reports received
have been incorporated in the Balance sheet as pre devaluation rate of
rate of exchange as per Schedule 7.
8 Details of Licensed and Installed Capacity, Production, Stock and
Turnover.
9 The Company has not received information from vendors regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosure relating to amounts unpaid as at the
year end together with interest paid/Payable under this act have not
been given.
10 Employee Benefits
With effect from 1st April 2007, the company has adopted revised
Accounting Standard 15 "Employee Benefits". Pursuant to the adoption,
no adjustment was required to be made to general reserve of revised As
-15 as the impact was insignificant.
The Companys Provident Fund is Exempted under section 17 of Employees
Provident Fund Act, 1952.Condition of grant of exemption stipulates
that the employer shall make good deficiency, if any, in the interest
rate declared by the trust vis- a vis statutory rate. II Defined
Benefit Plans Under both the Gratuity and Leave Encashment, The Present
Value of Obligation is determined based on actuarial valuation using the
projected Unit Credit Method, which recognizes each period of service
as giving rise to additional unit of employee benefit entitlement and
measure each unit of employee benefit entitlement and measure each unit
separately to build up the final obligation.
11 During the year, the company has taken physical verification of
fixed assets and noted discrepancy of Rs 0.11 lacs (W.D.V.) (P. Y. NIL
Lacs) of Fixed Assets and the same were adjusted and discarded in the
books of accounts
12 Disclosure of Related Parties / Transactions With Related Parties:-
Relationship Name of Related Party
Holding companies Money Ease Capital Private Limited
CMS Traffic Systems Limited
Group Company Jess Prasad Engg. And Metallurgical Services
Pvt. Ltd.
(Enterprise over which
Director CMS Energy Systems Private Limited
and/or his relatives has CMS Engineering Services Private Limited
significant influence) G.G. Constructions Private Limited
Datacom Computer Services Private Limited
CMS Computers Limited
Systime Global Solutions Pvt. Ltd.
CMS Info Systems Pvt. Ltd.
CMS Marshall Limited
CMS Securitas Limited
Dynamic Hydro Machines Private Limited
Mailtek Services (India) Limited
Netprint Solution India Private Limited
New Video Private Limited
CMS - Ident Pvt. Ltd.
Maxcool Technology Pvt. Ltd
RDJ Constructions Pvt. Ltd.
Systime Computers Limited
Computer Products and Services Pvt. Ltd.
Sea Shell Properties Pvt. Ltd.
VersaPos Group Inc USA
Dorminant Developers Pvt. Ltd.
Acu-Soft Technologies Pvt. Ltd.
Cable Network Systems Pvt. Ltd.
CMS-DITL Ltd.
Key Management Personnel
(KMP) Mr. R. D. Grover
Mrs. Raju R. Grover
Mr. V. K. Prasad
Relatives of KMP Ms. Aarti R. Grover
13 The equity shares of the company are listed in Bombay Stock Exchange
and company has paid annual listing fees to the stock exchange for the
year 2010-2011.
14 Balance Sheet Abstract and Companys Business Profile as per
Annexure to Schedule No. 14
15 During the year the Company has reviewed Accounts Receivable and
decided to written off Rs. 1.18 Lacs(P.Y. 21.87 Lacs) as bad debts.
16 Segment wise Reporting as per Annexure to Schedule No. 14.
17 In the opinion of the Board Current Assets, Loans & Advances have a
value on realization in the ordinary Course of Business at least to the
amount at which they are stated and all current liabilities have been
provided for.
18 Sundry Debtors and Creditors are subject to confirmation and
reconciliation if any.
19 Previous Years figures have been regrouped / rearranged wherever
necessary.
Mar 31, 2003
1. CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF :
i) Guarantees given by Banks in favour of third parties for which
Company has issued counter-guarantees Rs. Nil (Previous Year Rs. 2.46
lacs)
ii) Duties & Penalties to the tune of Rs. 2.61 lacs have been levied by
the excise department against which appeals have been filed before the
appalate authorities and full amount has been paid under Protest.
2. Pakistan unit of the Company continues to be under the control of
Pakistan Government. It has not been possible to establish any
communication with the said unit so far. Therefore, statement of Assets
and Liabilities as at 30th June, 1964 based on the last reports
received have been incorporated in the Balance sheet at pre devaluation
rate of exchange as per Schedule 7.
3. MANAGERIAL REMUNERATION:
b) Due to inadequate profit and Mr. Nareshchandra Jain ceases to be
Managing Director w.e.f. 2.7.2002 no commission is being paid.
4. TAXATION AND DEFFERED TAXATION :
Provision for income tax has been made during the year
Company has deffered tax assets of Rs 25.39 lacs (Net) as on 31st March
2003, however the same has not been recognised in view of uncertainty
of quantum of future profits.
5. The Company has not received any information from any of the
suppliers as covered under small scale and ancillary undertakings Act,
1993 of their being a small scale industrial unit. Hence the amount
due to small scale industrial units outstanding and interest thereon
for more than thirty days as on 31st March 2003, are not ascertainable.
6. As per the rules of the Company the accumulated earned leave are
allowed to be availed by the employees even after the close of the
financial year of the Company, and this policy is being followed
consistently.
7. Related Parties Disclosure :-
-No amount in respect of the related parties have been written off /
back are provided during the year.
-Related party relationship have been identified by the management and
relied upon by the auditors.
-There is no corresponding figures for the previous year.
8. The equity shares of the company are listed in Bombay Stock
Exchange and company has paid annual listing fees to the stock exchange
for the year 2003-2004.
9. Material in process includes material costing Rs. 51.53 lacs lying
with the company for more than two years. The market value of the same
is not assertainable.
10. Balance Sheet Abstract and Companys Business Profile as per
Annexure to Schedule No.ll
11. Cash flow for the year ended 31st March 2003 as annexure to
Schedule No.ll.
12. Segmentwise Reporting as per Annexure to Schedule No. 11.
13. In the opinion of the Board Current Assets, Loans & Advances have
a value on realisaton in the ordinary Course of Business at least to
the amount at which they are stated and all current liabilities have
been provided for.
14. Sundry Debtors and Creditors are subject to confirmation and
reconciliation.
15. Other expenses includes prior period items of Rs. NIL & Previous
years Rs. 0.07 lacs.
16. Company has given advances of Rs. 1,07,400/- to suppliers for
moulds which are outstanding for considerable time and in opinion of
the management the advance for the moulds will be recovered in due
course of time.
17. Previous Years figures have been regrouped/rearranged wherever
necessary.