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Notes to Accounts of Kiran Print Pack Ltd.

Mar 31, 2014

NOTE : 1

a. In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated if realized in the ordinary course of business. The provisions for all known liabilities are adequate and are not in excess of the amount considered reasonably necessary.

b. No provision is considered necessary in the accounts towards appreciation / erosion in the book value of investments, since the same are considered as long term in nature.

c. The additional liability, if any, arising pursuant to respective assessments under various fiscal statutes shall be accounted for in the year of assessment.

d. Contingent liabilities as may arise due to delayed/non compliance of certain fiscal statutes - amount unascertainable

e. There are no Micro, Small and Medium Enterprises, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 from whom the Company has made any purchases and accordingly no additional disclosures have been made. The information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

f. Balance of debtors and creditors are subject to confirmation and reconciliation, if any.

h. In the opinion of the Management, the company is mainly engaged in the Printing business. All other activities of the company revolve around the main business and as such, there are no separate reportable segments that require reporting under Accounting Standard 17.

I. Related Party Disclosure:

A) Relationships:

(i) Enterprises over which key management personnel are liable to exercise significant influence:

Kiran Business Forms Print Pvt. Ltd.

Kohinoor Securities & Investments Pvt. Ltd.

Cyber Trade Securities Pvt. Ltd.

Thunder Finvest Pvt. Ltd.

Skylight Finvest Pvt. Ltd.

K. K. Enterprises

B) T ransactions carried out with related parties referred in (a) above, in ordinary course of business:

b) CIF Value of Imports: Rs. Nil (Previous Year Rs. Nil)

k. Figures for the previous year have been regrouped, recast and rearranged wherever considered necessary to conform to the layout of accounts of the current year.


Mar 31, 2013

A. In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated if realized in the ordinary course of business. The provisions for all known liabilities are adequate and are not in excess of the amount considered reasonably necessary.

b. No provision is considered necessary in the accounts towards appreciation / erosion in the book value of investments, since the same are considered as long term in nature.

c. The additional liability, if any, arising pursuant to respective assessments under various fiscal statutes shall be accounted for in the year of assessment.

d. Contingent liabilities as may arise due to delayed/non compliance of certain fiscal statutes – amount unascertainable

e. There are no Micro, Small and Medium Enterprises, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 from whom the Company has made any purchases and accordingly no additional disclosures have been made. The information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

f. Balance of debtors and creditors are subject to confirmation and reconciliation, if any.

g. In the opinion of the Management, the company is mainly engaged in the Printing business. All other activities of the company revolve around the main business and as such, there are no separate reportable segments that require reporting under Accounting Standard 17.

h. Related Party Disclosure:

a) Relationships: i) Enterprises over which key management personnel are liable to exercise significant influence:

Kiran Business Forms Print Pvt. Ltd.

Kohinoor Securities & Investments Pvt. Ltd.

Cyber Trade Securities Pvt. Ltd.

Thunder Finvest Pvt. Ltd.

Skylight Finvest Pvt. Ltd.

K. K. Enterprises

(ii) Key Management Personnel and their Relatives: Karan Mohta Sudha Mohta Kamal Mohta

b) Transactions carried out with related parties referred in (a) above, in ordinary course of business: (Amounts in Rs.)

i. Additional information required pursuant to para 5 of Part II of Revised Schedule VI to the Companies Act, 1956 (to the extent applicable and as certified by the management of the company).

j. Figures for the previous year have been regrouped, recast and rearranged wherever considered necessary to conform to the layout of accounts of the current year.


Mar 31, 2012

A. Terms I rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.

b. Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date

The Company has neither issued any bonus shares nor for consideration other than cash and has also not bought back any shares during the period of five years immediately preceding the reporting date.

NOTE : 1

a. In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated if realized in the ordinary course of business. The provisions for all known liabilities are adequate and are not in excess of the amount considered reasonably necessary.

b. No provision is considered necessary in the accounts towards appreciation/ erosion in the book value of investments, since the same are considered as long term in nature.

c. The additional liability, if any, arising pursuant to respective assessments under various fiscal statutes shall be accounted for in the year of assessment.

d. Contingent liabilities as may arise due to delayed/non compliance of certain fiscal statutes - amount unascertainable.

e. There are no Micro, Small and Medium Enterprises, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 from whom the Company has made any purchases and accordingly no additional disclosures have been made. The information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

h. In the opinion of the Management, the company is mainly engaged in the Printing business. All other activities of the company revolve around the main business and as such, there are no separate reportable segments that require reporting under Accounting Standard 17.

i. Related Party Disclosure: a) Relationships:

(i) Enterprises over which key management personnel are liable to exercise significant influence:

Kohinoor Securities & Investments Pvt. Ltd.

Kiran Business Forms Print Pvt. Ltd.

Cyber Trade Securities Pvt. Ltd.

Thunder Finvest Pvt. Ltd.

Skylight Finvest Pvt. Ltd.

K. K. Enterprises

(ii) Key Management Personnel and their Relatives:

Karan Mohta

Sudha Mohta Kamal Mohta

Para 5 of Part II of revised Schedule VI to the Companies Act, 1956 (to the extent applicable and as certified by the management of the company).

k. Figures for the previous year have been regrouped, recast and rearranged wherever considered necessary to conform to the layout of accounts of the current year.


Mar 31, 2010

1. Sundry Debtors include Rs. 408,833 (Previous year Rs. 972,103) considered doubtful of recovery, but the same are not provided for, since in the opinion of the management, they are recoverable.

2. In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated if realized in the ordinary course of business. The provisions for all known liabilities are adequate and are not in excess of the amount considered reasonably necessary.

3. No provision is considered necessary in the accounts towards appreciation/erosion in the book value of investments, since the same are considered as long term in nature.

4. The additional liability, if any, arising pursuant to respective assessments under various fiscal statutes shall be accounted for in the year of assessment.

5. Contingent liabilities as may arise due to delayed/non compliance of certain fiscal statutes - amount unascertainable.

6. There are no Micro, Small and Medium Enterprises, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to whom the Company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made. The information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

7. Balance of debtors and creditors are subject to confirmation and reconciliation, if any.

8. Advances Recoverable include Rs. 13,254,595 (previous year Rs. 12,154,595) to companies in which the directors are interested.

9. In the opinion of the Management, the company is mainly engaged in the Printing business. All other activities of the company revolve around the main business and as such, there are no separate reportable segments that require reporting under Accounting Standard 17.

10. Related Party Disclosure:

a) Relationships:

(i) Enterprises over which key management personnel are liable to exercise significant influence:

Kohinoor Securities & Investments Pvt. Ltd.

Kiran Business Forms Print Pvt. Ltd.

Bombay Hi-tech Printers Pvt. Ltd.

Cyber Trade Securities Pvt. Ltd.

Thunder Finvest Pvt. Ltd.

Lotus Paper Mills Pvt. Ltd.

Kiran Printing & Packaging

(ii) Key Management Personnel and their Relatives:

Karan Mohta

Sudha Mohta

Kamal Mohta

b) Particulars of Goods Manufactured

Class of Goods Manufactured: Labels, Tubes, Webs, brochures and various other publicity and packaging materials. Considering the nature of activities of the Company, for which no specific measure or standard classification being available, quantitative information regarding production has not been given.

c) Expenditure in Foreign Currency:

(I) Stores & Spares - Rs. 110,455 (Previous Year Rs. Nil)

(ii) Plant & Machinery - Rs. Nil (Previous Year Rs. 7,173,783).

11. Additional information required pursuant to the provisions of Part IV of Schedule VI to the Companies Act, 1956.

V. Type of Business

The main objects of the Company are to carry on the business of printers and processors of all kinds of printing and packing materials.

12. Figures for the previous year have been regrouped, recast and rearranged wherever considered necessary to conform to the layout of accounts of the current year.

13. Schedules A to L form an integral part of the Accounts.

 
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