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Notes to Accounts of Krishna Capital & Securities Ltd.

Mar 31, 2015

1. Corporate Information

Krishna Capital & Securities Limited (KCSL) is a Public Company domiciled in India incorporated under Companies Act, 1956. The company is engaged in the business of lending of capital and trading of securities.

2. Balance of Sundry Debtors, Creditors, Loans & Advances are subject to confirmation.

3. Cash balance & Closing Stock are physically taken, Valued & Certified by the Management.

4. Contingent Liabilities is NIL

5. There is a Book debt Tirupati Finlease Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have provision on the same

6. The Company's Investment as per Schedule 5 in quoted Share's quotation is not available

7. The company is holding equity Shares of Tirupati Finlease Limited of Rs 15,00,000/- which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment' these are required to value at cost except there is reduction in the value other than temporary in the nature. There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

8. Figures of the previous period have been regrouped, whereever necessary, to make them comparable with the Current Year Figures.

9. Based on the information available with the company there are no outstanding dues to small-scale undertaking as at the year end.

10. Director's Gross Remuneration Amounted to Rs. CY 6,00,000 (PY 6,00,000)

11. Earning Per Share

a The amount used as the numerator in calculating basic and diluted earning per share is the net profit attributable to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit & Loss Account

b The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per share is 31,58,400

12. Disclosure Regarding Derivative Instruments and Unhedged Foreign Currency Exposure The outstanding foreign currency derivative contracts as at 31st March, 2015 in respect of various types of derivative hedge instruments and nature of risk being hedged are NIL

13. Previous Year's Figure have been regrouped & rearranged whereever considered necessary


Mar 31, 2014

1 Balance of Sundry Debtors, Creditors, Loans & Advances are subject to confirmation.

2 Cash balance & Closing Stock are physically taken, Valued & Certified by the Management.

3 Contingent Liabilities is NIL

4 There is a Book debt Tirupati Finlease Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have provision on the same

5 The Company's Investment as per Schedule 18 in quoted Share's quotation is not available

6 The company is holding equity Shares of Tirupati Finlease Limited of Rs 15,00,000/- which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment' these are required to value at cost except there is reduction in the value other than temporary in the nature.

There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

7 Figures of the previous period have been regrouped, whereever necessary, to make them comparable with the Current Year Figures.

8 Based on the information available with the company there are no outstanding dues to small- scale undertaking as at the year end.

9 Director's Gross Remuneration Amounted to Rs. CY 6,00,000 (PY 6,00,000)

10 Provision for tax is based on the assessable profits of the company computed in accordance with the Income Tax Act, 1961.

a CIF Value of Imports NIL

b FOB Value of Exports NIL

c Exp. In Foreign Currency NIL

d Earning in Foreign NIL

11 Earning Per Share

a The amount used as the numerator in calculating basic and diluted earning per shares is the net profit attributabatle to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit & Loss Account.

b The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per shares is 31,58,400

12 Figures have been rounded off to nearest rupee


Mar 31, 2013

1 Balance of Sundry Debtors, Creditors, Loans & Advances are subject to confirmation.

2 Cash balance & Closing Stock are physically taken, Valued & Certified by the Management.

3 Contingent Liabilities is NIL

4 There is a Book debt Tirupati Finlease Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have provision on the same

5 The Company's Investment as per Schedule 18 in quoted Share's quotation is not available

6 The company is holding equity Shares of Tirupati Finlease Limited of Rs 15,00,000/- which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment' these are required to value at cost except there is reduction in the value other than temporary in the nature.

There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

7 Figures of the previous period have been regrouped, whereever necessary, to make them comparable with the Current Year Figures.

8 Based on the information available with the company there are no outstanding dues to small- scale undertaking as at the year end.

9 Director's Gross Remuneration Amounted to Rs. CY 6,00,000 (PY 6,00,000)

10 Provision for tax is based on the assessable profits of the company computed in accordance with the Income Tax Act, 1961.

a CIF Value of Imports NIL

b FOB Value of Exports NIL

c Exp. In Foreign Currency NIL

d Earning in Foreign Exchange NIL

11 Earning Per Share

a The amount used a the numerator in calculating basic and diluted earning per shares is the net profit attributabatle to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit & Los Account.

b The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per shares is 31,58,400

12 Members Shareholding 5% or more of Issued & Subscribed Equity Share as on 31/03/2013


Mar 31, 2012

1 Balance of Sundry Debtors, Creditors, Loans & Advances are subject to confirmation.

2 Cash balance & Closing Stock are physically taken, Valued & Certified by the Management.

3 Contingent Liabilities is NIL

4 There is a Book debt Tirupati Finlease Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have orovision on the same

5 The Company's quoted Share's [Long Term Investment] quotation is not available

6 The company is holding equity Shares of Tirupati Finlease Limited of Rs 15,00,000/- which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment' these are required to value at cost except there is reduction in the value other than temporary in the nature.

There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

7 Figures of the previous period have been regrouped, whereever necessary, to make them comparable with the Current Year Figures.

8 Based on the information available with the company there are no outstanding dues to small- scale undertaking as at the year end.

9 Director's Gross Remuneration Amounted to Rs. CY 6,00,000 (PY 6,00,000)

10 Proviion for tax is based on the assessable profits of the company omputed in accordance with the Income Tax Act, 1961.

a CIF Value of Imports NIL

b FOB Value of Exports NIL

c Exp. In Foreign Currency NIL

d Earning in Foreign NIL

11 Earning Per Share

a The amount used a the numerator in calculating basic and diluted earning per shares is the net profit attributabatle to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit & Los Account.

b The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per shares is 31,58,400

12 Figures have been rounded off to nearest rupee.


Mar 31, 2011

1. Balance of sundry debtors,creditors, loans & advances are subject to confirmation.

2. Cash Balance & Closing Stock are Physically taken, Valued & Certified by the Management.

3. Contingent Liabilities is N I L.

4. There is a Book debt Tirupati Finance Leasing Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have provision on the same.

5. The company's quoted Share's [Long Term Investment] quotation is not available.

6. The company is holding equity Shares of Tirupati Finance leasing limited of Rs 15,00,000/-, which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment" these are required to value at Cost except there is reduction in the value other than temporary in the nature. There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

7. Figures of the previous period have been regrouped, wherever necessary, to make them comparable with the Current Year figures.

8. Based on the information available with the company there are no outstanding Dues to small-scale undertaking as at the year end.

9. Director's Gross Remuneration Amounted to Rs. 600000(420000)/-

10. Earning Per Share:

a) The amount used as the numerator in calculating basic and diluted earning per shares is the net profit attributabatle to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit and Loss Account.

b) The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per shares is 3158400.

11. Additional Information pursuant to provisions of para 3,4C and 4D of part II of the Schedule VI of the companies Act, 1956 are not applicable due to nature of business of the company.

 
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