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Notes to Accounts of Kratos Energy & Infrastructure Ltd.

Mar 31, 2013

1) In the opinion of the board, the Current Assets, Loans & Advances are approximately of the value stated and realizable in the ordinary course of business. The Provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

2)The Balances and classifications of sundry debtors & creditors, loans and advances, Other liabilities and Deposits including deposits with NSE are subject to confirmation and reconciliation and are taken as per books of accounts.

3) In absence of relevant details, Deferred Tax Assets are not reviewed as at the Balance Sheet date.

Its computed on the basis of information available in the financial statement for the previous year.

4) As informed to us, closing stock of Shares are valued at lower of cost or market value which is shown at NIL cost. In absence of relevant details, we are unable to verify the same.

5) The Company had paid Rs.68 lacs to Brooklyn Hills & Properties P.Ltd. towards deposit for occupying office No.317 at Makers Chambers V, Nariman point, Mumbai 400 021. The office belongs to Manoj Trivedi/ Nandita Trivedi from whom Brooklyn Hills & Properties P.Ltd. agreed to purchase the said premises.Due to some dispute still the title deeds has not been transferred to Brooklyn Hills & Properties P.Ltd. and the society bills are still coming in the name of Nandita Trivedi. This deal was done in 1997-98. The Due to insufficient fund , Brooklyn Hills & Properties P.Ltd. could not refund the deposit and therefore the company has stopped paying lease rent to Brooklyn Hills & Properties P.Ltd. but has retained the possession of the said premises.

6) Contingent Liabilities not provided for:

The company has received an intimation from SEBI for payment towards Provisional Turnover fee liability (NSE) and Interest on it upto the date in the earlier year, the amount of which is not yet ascertained due to some dispute with NSE, The company has not made any additional provision towards the said liability other than the provision of Rs. 18.78 lacs made during the earlier years.

Schedules forming parts of Accounts for the year ended 31st March, 2013

The basic earnings per share ("EPS") are computed by dividing the net profit /(loss) after tax for the year by the weighted average number of equity shares outstanding during the year.

The Company does not have any dilutive potential equity shares. Consequently the basic and diluted earning per share of the company remains the same.

7) Related parties transactions : Refer Annexure "A". It is prepared on the basis of form No.24AA furnished by the company pursuant to section 299 of the companies Act''1956.

8) Primary Segment Reporting:

The company''s main business is dealing in shares and securities and financial activities. There is no reportable segment as per accounting standard 17 on Segmental reporting.

9) Previous year''s figures have been regrouped / reclassified and rearranged wherever necessary to confirm current year''s classification.

10) There is no additional information pursuant to the provisions of Revised Schedule VI of the Companies Act''1956 requiring disclosure for the Company for the year under report.

11) The Company has regrouped, reclassified and/or re-arranged previous year''s figures, wherever necessary to confirm to current year''s classification.


Mar 31, 2010

1) Contingent Liabilities not provided for:

ii) The company has received an intimation from SEBI for payment towards Provisional Turnover fee liability (NSE) and Interest on it upto the date , the amount of which is not yet ascertained due to some dispute with NSE, The company has not made any additional provision towards the said liability other than the provision of Rs.18.78 lacs made during the earlier years.

2) Remuneration to Auditors

Particulars 2009-10 2008-09

Amount (Rs.) Amount (Rs.)

Statutory Audit Fees 30,000 30,000

Service Tax 0 0

Total 30,000 30,000

Schedules forming parts of Accounts for the year ended 31st March, 2010

- The basic earnings per share ("EPS") are computed by dividing the net profit /(loss) after tax for the year by the weighted average number of equity shares outstanding during the year.

- The Company does not have any dilutive potential equity shares. Consequently the basic and diluted earning per share of the company remains the same.

3) Related parties transactions : Compensation paid Rs.28,05,359

4) Primary Segment Reporting:

The companys main business is dealing in shares and securities and financial activities. There is no reportable segment as per accounting standard 17 on Segmental reporting.

5) Previous years figures have been regrouped / reclassified and rearranged wherever necessary to confirm current years classification.

 
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