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Notes to Accounts of KMF Builders & Developers Ltd.

Mar 31, 2015

1. CORPORATE INFORMATION:

Company Background: The Company was incorporated on March 21, 1995 as KMF BUILDERS AND DEVELOPERS LIMITED to carry on business in development and construction of flats.

2 Share Capital

a. Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 5 per share. Each holder of equity shares is entitled to one vote per share. And Board of Directors did not proposed any dividend for current financial year. (Previous Year equity shares par value is Rs 5 per share)

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

3. Contingent liabilities and commitments (to the extent not provided for)

Contingent liabilities Nil Nil

Commitments Nil Nil

4. Related party transactions Details of related parties:

Description of relationship Names of related parties

Key Management Personnel (KMP)

Mr. Gorve Chadha Managing Director

Mr. Pradeep Kumar Malik Whole Time Director

Mr. Shyam Sunder Mittra Director

Mr.Anil Rishiraj Director

Mrs. Kavita Chadha Director

Mr. Ravinder Kumar Sharma Director

Mrs. Megha Bata Company Secretary

Company in which KMP / Relatives of KMP can exercise significant influence nil Note: Related parties have been identified by the Management.

5. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.




Mar 31, 2014

CORPORATE INFORMATION:

Company Background: The Company was incorporated on March 21, 1995 as KMF BUILDERS AND DEVELOPERS LIMITED to carry on business in development and construction of flats.


Mar 31, 2010

1. Contingent Liabilities Not Provided For in Respect of

Current year Previous year

(Rs) (Rs)

a) Guarantees issued by the Companys Bankers and counter guarantees issued by the Company NIL NIL

4 a) Provision for Income tax and Wealth tax in the accounts for the Financial year ending 31st march, is made on the basis of taxable profits/wealth as defined under the Income Act, 1961 & the Wealth Tax Act respectively.

b) Provision for income tax Rs.20,60,000/-(Previous Year Rs 19,000/- and wealth tax is Nil (Previous year Rs.Nil).

c) Provision for Fringe Benefit Tax is Rs NIL (Previous Year Rs. 61203/-)

5. Derivatives:

The Company has not entered into any derivative contracts during the year under review.

6. Sundry Creditors disclosure - Dues to Micro Small Enterprises -

The Principal amount and the interest due thereon remaining unpaid to any supplier as at March 31, 2010: Rs. NIL

The above 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.

7. Balance standing to the debit and credit of loans and advances, Banks and other parties are subject to confirmation and reconciliation.

8. In the opinion of the Board the value on realisation of Current Assets, Loans and Advances in the ordinary course of business shall not be less than the amount at which they are stated in the Balance Sheet and provision for known liabilities have made and contingent liabilities disclosed properly.

9. Work- in -progress includes materials issued for construction valued at cost.

10. Related parties transactions:

a) None of related parties having transactions with the company during the year 2009-10 2008-09

i) Associate ii) Associate

M/S. KMF Ltd. M/S KMF Ltd.

M/S. KMF Securities Ltd. M/S KMF Securities Ltd.

M/S. Manu Investment Ltd. M/S Manu Investment Ltd.

ii) Key Management personnel ii) Key Management personnel

Mr. P.K. Malik, Mr. P.K.Malik

(Whole time Director) (Whole time Director)

b) Transactions with related parties during the year ended 31st March, 2009. Transaction Association Key Management personal

 
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