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Notes to Accounts of Kinetic Trust Ltd.

Mar 31, 2015

1. The balances of sundry debtors, creditors and loans and advances are subject to confirmation.

2. Related Party Disclosure:

Related party disclosure as required by AS-18 "Related Party Disclosures" of the Institute of Chartered Accountants of India are given below:

Directors:-

Mr. Vinod Bansal Mr. Rajesh Arora Mr. Ashok Juneja Mr. Vinay Aggarwal Mrs. Kiran Duggal

Associates Company/ Firm:-

M/s Arora & Bansal

M/s City Heights Developers & Promoters P. Ltd.

M/s Blake Townships Pvt. Ltd.

M/s Kinsoft Solutions Pvt. Ltd.

M/s A & B corporate consultants Pvt. Ltd.

M/s Jade Town planners P. Ltd.

M/s Swatantar Consultants P. Ltd.

M/s ACE Innovators P. Ltd.

M/s Coral Town planners P. Ltd.

M/s Dolphin E-Services P. Ltd.

M/s Cantel Communications P. Ltd.

M/s Matrix E- services Pvt. Ltd.

3. The Company is registered with the Reserve Bank of India as a NBFC within the provisions of the NBFC (Reserve Bank of India) Directions, 1998.

4. In the opinion of the management of the company the aggregate value of current assets, loans & advances if realized in the ordinary course of the business shall not be less than the amount at which these are stated in the Balance Sheet and the provision for all known liabilities are adequate.

5. Impairment of Assets

In pursuance of Accounting Standard 28 – Impairment of Assets (AS-28) issued by the Institute of Chartered Accountants of India, the company has reviewed its carrying cost of assets with value in use (determined based on future earnings)/net selling price (determine based on valuation). Based on such review, management is of the view that in the current financial year impairment of assets is not considered necessary.

6. Micro, Small And Medium Enterprises

The Company has not received any information from its suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act 2006, which came into effect from 2nd October, 2006 and hence disclosure, if any, relating to amounts unpaid as on 31st March, 2015 together with interest paid or payable as required under the Act, have not been given.

7. The category of the company is Non-Banking Financial Company-Non Deposit (NBFC-ND), hence CRAR & concentration norms as prescribed by RBI are not applicable to the company.

8. Net Owned Fund (NOF) of the company is Rs.3, 69, 41,026/- which is as per the requirement in the new guidelines issued by RBI on 10th Nov, 2014.

9. Leverage ratio of 1:7 is applicable to the company being a NBFC-ND (below asset size of Rs 500 crores) w.e.f. 10.11.2014 as new guidelines issued by RBI. The company is in compliance with the norms throughout the period under report and has not contravened this norms at any time during the financial year 2014-15.

10. There is no change in the management or constitution of the company during the financial year 2014-15.

11. The company is not rated by any approved credit rating agency till date. Being a NBFC-ND credit rating is not applicable to the company.

12. Previous Years figures have been regrouped and/or rearranged wherever found necessary to conform to this year's classification.

13. During the Financial year the provision of Section 135 related to the Corporate Social Responsibility of the Companies Act, 2013 is not applicable on the company.

(ii) Provide detail of the rights, preferences and restrictions attaching to each class of shares (each class of equity and each class of preference shares) including restrictions on the distribution of dividends and the repayment of capital. Also give details of dividend percentage for each class of preference shares as approved by the Board / agreement with the preference shareholders.


Mar 31, 2014

1. The company has no subsidiaries.

2. The balances of sundry debtors, creditors and loans and advances are subject to confirmation.

3. The company has not been able to appoint a suitable Company Secretary in terms of Sec. 383Aof the Companies Act, 1956 due to non-availability of a suitable candidate.

4. There are no employees covered u/s. 217(2A)(b)[ii} of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975, as amended.

5. Related Party Disclosure'',

Related party disclosure as required by AS-18 "Related Party Disclosures" of the Institute of Chartered Accountants of India are given below:

Directors:-

Mr. Vinod Bansal Mr, Rajesh Arora Mr. AshokJuneja Mr. Vinay Aggarwal

Associates Company/ Firm:*

M/s Arora & Bansal

M/s City Hieghts Developers & Promoters P. Ltd.

M/s Blake Townships Pvt, Ltd,

M/s Kinsoft Solutions Pvt Ltd.

M/s A & B corporate consultants Pvt.LTD

M/s Jade Townplanners P. Ltd.

M/s Swatantra Consultants P. Ltd,

M/s ACE Innovators P, Ltd.

M/s Coral Townplanners P, Ltd.

M/s Dolphin E-Services P, Ltd.

M/s Cantel Communications P, Ltd.

M/s Matrix E- services Pvt ltd.

6 The Company is registered with the Reserve Bank of India as a NBFC within the provisions of the NBFC (Reserve Bank of India) Directions, 1998,

7 In the opinion of the management of the company the aggregate value of current assets, loans & advances if realised in the ordinary course of the business shall not be less than the amount at which these are stated in the Balance Sheet and the provision for all known liabilities are adequate.

7, DEFERRED TAX

Deferred tax has been calculated in accordance with the provisions of Accounting Standard (AS- 22). The details are as under:

Deferred Tax (Net) amounting to Rs. 800/- has been credited to Profit and Loss Account for the year-ended 31.03.2014

8. Impairment of Assets

In pursuance of Accounting Standard 28 - Impairment of Assets (AS-28) issued by the Institute of Chartered Accountants of India, the company has reviewed its carrying cost of assets with value in use {determined based on future earningsj/net selling price (determine based or valuation). Based on such review, management is of the view that in the current financial year impairment of assets Is not considered necessary.

9. Earning Per Share

The elements considered for calculation of Earning Per Share (Basic and Diluted) are as under:

10. Segmental Reporting

Accounting Standard -17 ''Segment Reporting'' issued by ICAI, the company has one segment only therefore the segment reporting is not applicable to the company.

11. Micro. Small And Medium Enterprises

The Company has not received any information from its suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act 2006, which came into effect from 21st October, 2006 and hence disclosure, if any, relating to amounts unpaid as on 31st March, 2014 together with interest paid or payable as required under the Act, have not been given.

(ii) Provide detail of the rights, preferences and restrictions attaching to each class of shares (each class of equity and each class of preference shares) including restrictions on the distribution of dividends and the repayment of capital. Also give details of dividend percentage for each class of preference shares as approved by the Board / agreement with the preference shareholders.


Mar 31, 2013

1. The previous year figures have been regrouped/ rearranged wherever necessary to make them comparable with the figures of current year.

2. The company has no subsidiaries.

3. The balances of sundry debtors, creditors and loans and advances are subject to confirmation. ''

4. The company has not been able to appoint a suitable Company Secretary in terms of Sec. 383A of the Companies Act, 1956 due to non-availability of a suitable candidate.

5. There are no employees covered u/s. 217(2A)(b)(ii) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975, as amended.

6. Related Party Disclosure:

Related party disclosure as required by AS-18 "Related Party Disclosures" of the Institute of Chartered Accountants of India are given below:

Directors:-

Mr. Vinod Bansal Mr. Rajesh Arora Mr. Ashok Juneja Mr. Vinay Aggarwal

Associates Company/ Firm:-

M/s Arora & Bansal

M/s City Hieghts Developers & Promoters P. Ltd.

M/s Blake Townships Pvt. Ltd.

M/s Kinsoft Solutions Pvt Ltd.

M/s ACE Innovators P. Ltd.

M/s Jade Townplanners P. Ltd.

M/s Swatantra Consultants P. Ltd.

M/s ACE Innovators P. Ltd.

M/s Coral Townplanners P. Ltd.

M/s Dolphin E-Services P. Ltd.

M/s Cantel Communications P. Ltd.

M/s A & B Corporate Consultants P. Ltd.

M/s Matrix E Services P. Ltd.

The Company is registered with the Reserve Bank of India as a NBFC within the provisions of the NBFC (Reserve Bank of India) Directions, 1998.

In the opinion of the management of the company the aggregate value of current assets, loans & advances if realised in the ordinary course of the business shall not be less than the amount at which these are stated in the Balance Sheet and the provision for all known liabilities are adequate.

Impairment of Assets

In pursuance of Accounting Standard 28 - Impairment of Assets (AS-28) issued by the Institute of Chartered Accountants of India, the company has reviewed its carrying cost of assets with value in use (determined based on future earnings)/net selling price (determine based on valuation). Based on such review, management is of the view that in the current financial year impairment of assets is not considered necessary.

Segmental Reporting

Accounting Standard -17 ''Segment Reporting'' issued by ICAI, the company has one segment only therefore the segment reporting is not applicable to the company.

Micro. Small And Medium Enterprises

The Company has not received any information from its suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act 2006, which came into effect from 2nd October, 2006 and hence disclosure, if any, relating to amounts unpaid as on 31st March, 2013 together with interest paid or payable as required under the Act, have not been given.


Mar 31, 2010

1. The company has no subsidiaries.

2. The balances of sundry debtors, creditors and loans and advances are subject to confirmation.

3. The company has not been able to appoint a suitable Company Secretary in terms of Sec. 383A of the Companies Act, 1956 due to non-availability of a suitable candidate.

4. There are no employees covered u/s. 217(2A)(b)(ii) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975, as amended.

5. Related Party Disclosure:

"Related party disclosure as required by AS-18 "Related Parry Disclosures" of the Institute of Chartered Accountants of India are given below:

(i) There are no related parties except the following:

(ii) a. Company/ Firm - Kinsoft Solutions Pvt Ltd.

b. Key management personnel, namely - Mr. Vinod Bansal and Mr. Rajesh Arora

(iii) Advance given to M/s Kinsoft Solution Pvt. Ltd. Rs. 0.33 Lacs.

6. The Company.is registered with the Reserve Bank of India as a NBFC within the provisions of the NBFC (Reserve Bank of India) Directions, 1998.

7. In the opinion of the management of the company the aggregate value, of current assets, loans & advances if realised in the ordinary course of the business shall not be less than the amount at which these are stated in the Balance Sheet and the provision for all known liabilities are adequate.

8. Deferred Tax

Deferred Tax (Net) amounting to Rs. (9,786)/- has been debited to Profit and Loss Account for the year-ended 31.03.2010.

9. Impairment of Assets

In pursuance of Accounting Standard 28 - Impairment of Assets (AS-28) issued by the Institute of Chartered Accountants of India, the company has reviewed its carrying cost of assets with value in use (determined based on future earnings)/net selling price (determine based on valuation). Based on such review, management is of the view that in the current financial year impairment of assets is not considered necessary.

10. Segmental Reporting

Accounting Standard -17 Segment Reporting issued by ICAL the company has one segment only therefore the segment reporting is not applicable to the company.

11. Micro, Small And Medium Enterprises

The Company has not received any information from its suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act 2006, which came into effect from 2nd October, 2006 and hence disclosure, if any, relating to amounts unpaid as on 31st March, 2010 together with interest paid or payable as required under the Act, have not been given.


Mar 31, 2009

1. The company has no subsidiaries.

2. The balances of sundry debtors, creditors and loans and advances are subject to confirmation.

3. The company has not been able to appoint a suitable Company Secretary in terms of Sec. 383A of the Companies Act, 1956 due to non-availability of a suitable candidate.

4. There are no employees covered u/s. 217(2A)(b)(ii) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975, as amended.

5. Related Party Disclosure:

Related party disclosure as required by AS-18 "Related Party Disclosures" of the Institute of Chartered Accountants of India are given below:

(i) There are no related parties except the following:

a. Company/Firm - Kinsoft Solutions Pvt. Ltd., Rajsons Distributors

b. Key management personnel, namely - Mr. Vinod Bansal and Mr. Rajesh Arora

c. Relatives of Key management personnel, namely - Mr. Mukesh Arora and Mr. Sanjeev Arora

(ii) Advance given to M/s Kinsoft Solution Pvt. Ltd. Rs. 0.33 Lacs.

(iii) Interest received from Rajsons Distributors of Rs. 46400/-

6. The Company is registered with the Reserve Bank of India as a NBFC within the provisions of the NBFC (Reserve Bank of India) Directions, 1998.

7. In the opinion of the management of the company the aggregate value of current assets, loans & advances if realised in the ordinary course of the business shall not be less than the amount at which these are stated in the Balance Sheet and the provision for all known liabilities are adequate.

8. Impairment of Assets In pursuance of Accounting Standard 28 - Impairment of Assets (AS-28) issued by the Institute of Chartered Accountants of India, the company has reviewed its carrying cost of assets with value in use (determined based on future earnings)/net selling price (determine based on valuation). Based on such review, management is of the view that in the current financial year impairment of assets is not considered necessary.

9. Earning Per Share The elements considered for calculation of Earning Per Share (Basic and Diluted) are as under:

10. Segmental Reporting Accounting Standard -17 Segment Reporting issued by ICAI, the company has one segment only therefore the segment reporting is not applicable to the company.

11. Micro, Small And Medium Enterprises The Company has not received any information from its suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act 2006, which came into effect from 2nd October, 2006 and hence disclosure, if any, relating to amounts unpaid as on 31st March, 2008 together with interest paid or payable as required under the Act, have not been given.



 
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