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Notes to Accounts of KLG Capital Services Ltd.

Mar 31, 2015

NOTE NO. 1 - TRADE PAYABLES

The Company does not have in its records any intimation from suppliers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to amounts unpaid at the year end together with interest paid/payable as required under the said Act have not been furnished.

NOTE NO. 2 - RELATED PARTY DISCLOSURE:

a) List of Related Parties where control exists and related parties with whom transaction have taken place and relationships:

i) Holding Company

Awaita Properties Pvt. Ltd

ii) Subsidiary Company

KLG Stock Brokers Pvt. Ltd

iii) Key Management Personnel

Milan Lalit Mandani, Manager

Mitul Shah, Chief Financial Officer (From November 13, 2014 to May 25,2015)

Nishita M. Nagrecha, Company Secretary (Appointed on November 13, 2014)

NOTE NO. 3 - DIRECTOR'S REMUNERATION

No remuneration has been paid to any of the Directors.

NOTE NO. 4 - FOREIGN CURRENCY TRANSACTIONS

There is no income or expenditure in foreign currency during the year.

NOTE NO. 5

Company has policy of making provision for retirement benefits as and when the liability arises.

NOTE NO. 6

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated, if realized in the ordinary course of business, except otherwise stated.

c. Previous year figures have been regrouped or rearranged, wherever necessary.


Mar 31, 2014

NOTE NO. 1 - TRADE PAYABLES

The Company does not have in its records any intimation from suppliers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to amounts unpaid at the year end together with interest paid/payable as required under the said Act have not been furnished.

NOTE NO. 2 - SHORT-TERM LOANS AND ADVANCES

(b) Loans and Advances and Deposits to Related Parties

Deposit of Rs. 4,000,000 against use of Office Premises has been made to Awaita Properties Pvt Ltd, Holding Company.

NOTE NO. 3 - RELATED PARTY DISCLOSURE:

a) List of Related Parties where control exists and related parties with whom transaction have taken place and relationships:

i) Holding Company Awaita Properties Pvt. Ltd

ii) Subsidiary Company

KLG Stock Brokers Pvt. Ltd

iii) Key Management Personnel Hemendra Singh (upto February 11,2014)

Milan Lalit Mandani (w.e.f. February 12, 2014)

Nikhil P. Gandhi

NOTE NO. 4 - DIRECTOR''S REMUNERATION

No remuneration has been paid to any of the Directors except for the sitting fees.

NOTE NO. 5 - FOREIGN CURRENCY TRANSACTIONS

There is no income or expenditure in foreign currency during the year.

NOTE NO. 6

Company has policy of making provision for retirement benefits as and when the liability arises.

NOTE NO. 7

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated, if realized in the ordinary course of business, except otherwise stated.

c. Previous year figures have been regrouped or rearranged, wherever necessary.


Mar 31, 2013

NOTE NO. 1 - RELATED PARTY DISCLOSURE: (AS IDENTIFIED BY THE MANAGEMENT)

a) List of Related Parties

i) Major Shareholder having control over the Company : Awaita Properties Pvt. Ltd.

ii) Subsidiary : KLG Stock Brokers Pvt. Ltd.

iii) Key Management Personnel : Hemendra Singh (Whole-time Director)

iv) Companies under Common Control : Awaita Properties Pvt. Ltd.

NOTE NO. 2 - DIRECTOR''S REMUNERATION

No remuneration has been paid to any of the Directors.

NOTE NO. 3 - FOREIGN CURRENCY TRANSACTIONS

There is no income or expenditure in foreign currency during the year.

NOTE NO. 4

Company has policy of making provision for retirement benefits as and when the liability arises.

NOTE NO. 5

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated, if realized in the ordinary course of business, except otherwise stated.

c. Previous year figures have been regrouped or rearranged, wherever necessary.


Mar 31, 2012

NOTE NO. 1 - DIRECTOR'S REMUNERATION

No remuneration has been paid to any of the Directors.

NOTE NO. 2 - FOREIGN CURRENCY TRANSACTIONS

There is no income or expenditure in foreign currency during the year.

NOTE NO. 3

Company has policy of making provision for retirement benefits as and when the liability arises.

NOTE NO. 4

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated, if realized, in the ordinary course of business, except otherwise stated.

c. Previous year figures have been regrouped or rearranged wherever necessary.


Mar 31, 2010

A. Previous year figures have been regrouped or rearranged wherever necessary.

b. Figures are rounded of to nearest rupees.

c. In the opinion of the Management current assets, advances are approximately of the value stated if realized in the ordinary course of business except otherwise stated.

d. Related Party Disclosure :(As Identified By Management) List of Related Parties

01. Major Shareholder having control over the company Awaita Properties Pvt. Ltd.

02. Key Management Personal Hemendra Singh (Whole-time Director)

03. Companies under Common Control Awaita Properties Pvt. Ltd.

f. Directors Remuneration :- No remuneration has been paid to any of the Directors.

g. Foreign Currency Transactions :- There is no income or expenditure in foreign currency during the year.

h. The Company doses not have on its records any intimation from suppliers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any relating to amounts unpaid at the year and together with interest paid /payable as required under the said act have not been furnished.

j. Management has policy of making provision of leave encashment on accrual basis as per AS 15 regarding Retirement benfits.

k. As there is no element creating temporary difference in liability of tax as per Income tax Act, 1961 and as per Companies Act, 1956, the Deferred Tax calculation as per AS 22 Accounting for Taxes on Income is not applicable.

CALENDAR OF EVENTS

Sr. No Particulars Date

1 Date on which Consent given by the scrutinizer to act as a Scrutinizer 20/05/2010

2 Date of Board Resolution authorizing Whole Time Director, and Company Secretary to be 20/05/2010 responsible for the entire Postal Ballot process

3. Date of Appointment of Scrutinizer. 20/05/2010

4. Filing of intimation of the Board resolution and Calendar of events for conducting postal 26/05/2010 ballot to the registrar of companies

5. Date of dispatch of notice of meeting in which the business as Notified will be transacted 12/06/2010 through postal ballot.

6. Date of Completion of dispatch of notice along with postal ballot 15/06/2010

7. Publication of notice in newspaper for postal ballot process and appointment of scrutinizer 17/06/2010 and Compliance Officer

8. Last date for receiving postal ballot paper by scrutinizer 16/07/2010

9. Date of declaration of the result 21/07/2010

10. Date of signing of the minutes in which the result of postal ballot is recorded. 26/07/2010

11. Date of handing over the postal ballot papers, register required to be maintained by the 26/07/2010 scrutinizer and other related papers to the Chairman by the scrutinizer.

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