Notes to Accounts of Ken Financial Services Ltd.

Mar 31, 2015

Note 1 : SEGMENT REPORTING

As more than 90% of Company's operations are only in one Segment, therefore separate disclosure is not required.

Note 2 : RELATED PARTY DISCLOSURE

List of Related Parties with whom transactions have taken place and Relationship: (a) Key Management Personnel and Their Relatives - Akash Swamy - Sumit Gupta - Mukesh Saini

Note 3 : CONTINGENT LIABILITIES AND COMMITMENTS

There was no Contingent Liability as at 31st March, 2015 (Previous year Rs. Nil).

Note 4 : PREVIOUS YEAR'S FIGURE

The Previous year figures are regrouped and rearranged wherever found necessary.

as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 21st Annual General Meeting of the Company, to be held on Wednesday, 30th September, 2015 at 04:30 p.m. at 302, 3rd Floor, Standard House, 83, M. K. Road, Mumbai – 400 002 and at any adjournment thereof in respect of such resolutions as are indicated below:

Note: This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company, not less than 48 hours before the commencement of the Meeting.

---

Mar 31, 2014

Not available

---

Mar 31, 2012

Note 1.1: RELATED PARTY DISCLOSURE



Name of Related parties and description of relationship

Key Management Personnel : Pramod Sharma, Executive Director

: Rushikesh Narlawar, Non Executive Director

: Manoj Kumar More, Independent Director

: Shashikant Modi, Independent Director

; Sunil Shivkumar Saini, Independent Director

: Manish Kumar Goyal, Independent Director

: Dinesh S Dhoker, Independent Director .

; Ronak Salecha, Independent Director

There was no transaction with related party during the year

Note 1.2: CONTINGENT LIABILITIES AND COMMITMENTS

(i) Three is no such Contingent Liabilities, as such no Provision made

(ii) Capital Commitments towards New Project - Nil

(iii) Guarantee

Current Year - Previous Year

Note 1.3: OTHER DISCLOSURE

(i) In the opinion of Management, the Current Assets, Loan & Advances are approx of the same value as stated, if realized in the ordinary course of Business.

(ii) Sundry Creditors, Sundry Debtors and Loan & Advances are subject to confirmation and reconciliation, if any. .

(in) Deferred Tax Liability Current Year 288,807 Previous Year 229.194

Note 1.4: PREVIOUS YEAR''S FIGURE

The financial statements for the year ended 31st March, 2011 had been prepared as per applicable pre-revised Schedule-Vl to the Companies act,1956. Consequent to the notification under the Companies Act, 1956, the financial statements for the year ended 31st March, 2012 are prepared under Revised Schedule VI Accordingly, the previous year figures have also been reclassified to conform to this years Classification.

---

Mar 31, 2011

1 There were no contingent liabilities as at 31st March, 2011. (Previous Year Rs. Nil).

2 The Company has neither earned nor incurred any amount in foreign currency during the year (Previous Year Rs. Nil).

3 In the opinion of the Board, the Current Assets and Loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated. The provision for depreciation and for all known liabilities is adequate and not in excess of the amount considered necessary,

4 The balances of Sundry Debtors, Sundry Creditors, deposits and advances with various parties are subject to confirmation and reconciliation, if any.

5 DEFERED TAXATION :

In accordance with Accounting Standard 22 "Accounting for Taxes on Income" issued by ICAI, the Company has accounted for deferred taxes during the year.

6. Segment information required to be disclosed in accordance with Accounting Standard 17 (AS-17) relating to Segment Reporting is attached with report.

7. The previous year's figures have been regrouped and/or rearranged wherever found necessary.

8. Figures are rounded off to nearest rupee,

9. Related parties disclosures:

(A) Related parties with whom transaction have taken place during the year.

(i) Key Management Personnel : Mr. Pramod Sharma Executive Director

Mr. Rushikesh Narlawar Non-Executive Director

Mr, Manoj More Independent Director

Mr. Shashikant Modi Independent Director

Mr. Sunil Shivkumar Saini Independent Director

Mr. Manish Kumar Goyal Independent Director

(ii) Relative of Key Management Personnel: Mr. Pawan Chaudhary

(B) Transaction carried out with related parties referred in A above, in ordinary course of Business : There was no transaction with related party during the year.

10. In view of wide-ranging quality and size of fabric elastic, separate disclosure of quantities of individual item has not been given as considered not practicable by the management.

---

Mar 31, 2010

1. There were no contingent liabilities as at 31st March, 2010. (Previous Year Rs. Nil).

2. The Company has neither earned nor incurred any amount in foreign currency during the year (Previous Year Nil).

3. In the opinion of the Board, the Current Assets and Loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated. The provision for depreciation and for all known liabilities is adequate and not in excess of the amount considered necessary.

4. The balances of Sundry Debtors, Sundry Creditors, deposits and advances with various parties are subject to confirmation and reconciliation, if any.

5. The previous years figures have been regrouped and/or rearranged wherever found necessary.

6. Figures are rounded off to nearest rupee.

7. Related parties disclosures:

(A) Related parties with whom transaction have taken place during the year.

(i) Key Management Personnel: Mr. Sharad Gupta Director

Mr. Manoj More Independent Director

Mr. Shashikant Modi Independent Director

Mr. Sunil Shivkumar Saini Independent Director

Mr. Manish Goyal Independent Director

(ii) Relative of Key Management Personnel: Mr. Pawan Chaudhary

---

Mar 31, 2009

1. Contingent liabilities not provided for 31st March, 2009 31stMarch, 2008 (Rs. in Lakh) (Rs. In Lakh)

(a)In respect of guarantee issued by the bank in favour of NSCCL. 0.00 13.00

(b) In respect of various expenses/charges Debited by NSEIL after surrender of membership. The amount is under Dispute 0.00 2.27

2. The Company has neither earned nor incurred any amount in foreign currency during the year (Previous Year Rs. Nil).

3. In the opinion of the Board, the Current Assets and Loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated. The provision for depreciation and for all known liabilities is adequate and not in excess of the amount considered necessary.

4. The balances of Sundry Debtors, Sundry Creditors, deposits and advances with various parties are subject to confirmation and reconciliation, if any.

5. DEFERED TAXATION:

In accordance with Accounting Standard 22 "Accounting for Taxes on Income" issued by ICAI, the Company has accounted for deferred taxes during the year.

6. Segment information required to be disclosed in accordance with Accounting Standard 17 (AS-17) relating to Segment Reporting is attached with report.

7. The previous years figures have been regrouped and/or rearranged wherever found necessary.

8. Figures are rounded off to nearest rupee.

9. Related parties disclosures:

(A) Related parties with whom transaction have taken place during the year.

(i) Key Management Personnel:

Mr. Kamal Kumar Chaudhary Director

Mr. Sharad Gupta Director

Mr. Manoj More Independent Director

Mr. Shashikant Modi Independent Director

Mr. Sunil Shivkumar Saini Independent Director

Mr. Manish Kumar Goyal Independent Director

(ii) Relative of Key Management Personal : Mr. Pawan Chaudhary