Mar 31, 2015
I. RELATED PARTIES DISCLOSURE AS PER ACCOUNTING STANDARD 18 A. List of
Related Parties: -
Party Relationship
Bhagwan Das Soni Managing Director
Amu Thapa Director
Suresh Kumar Jain Director
KCL Chemical Limited Wholly owned Subsidiary Companies
KCL Iron & Steels Limited Wholly owned Subsidiary Companies
II. Previous year's figures have been regrouped/rearranged whenever
considered necessary to confirm to current year's grouping and
classification.
Disclosure:
1. There has been no change/ movements in number of shares outstanding
at the beginning and at the end of the Year.
2. The company has only one class of issued shares i.e Ordinary Shares
having par value of Rs.10/- per share. Each holder of Ordinary Shares is
entitled to One vote per share and equal right for dividend. In the
event of liquidation , the ordinary shareholders are eligible to
receive the remaining assets of the Company after payment of all
preferential amounts, in proportion to their Shareholding.
3. The Company does not have any Holding Company/ ultimate Holding
Company .
4. Details of Shareholders holding more than 5% Shares:
5. No Ordinary Shares have been reserved for issue under option and
contracts/ commitments for the sale of shares/ disinvestment as at the
Balance Sheet date.
6. No Shares has been bought back by the company during the period of 5
years preceding the date at which the balance sheet is prepared
7. No Securities convertible into Equity/ Preference Shares issued by
the company during the year.
8. No calls are unpaid by any director or officer of the company during
the year.
9. As per records of the Company, including its register of
shareholder/members and other declarations received from shareholders
regarding beneficial interest, the above shareholding represents both
legal and beneficial ownerships of shares.
Mar 31, 2014
ADDITIONAL NOTES
I. RELATED PARTIES DISCLOSURE AS PER ACCOUNTING STANDARD 18
A. List of Related Parties: -
Party Relationship
Bhagwan Das Soni Managing Director
Amu Thapa Director
Suresh Kumar Jain Director
KCL Chemical Limited Wholly owned Subsidiary Companies
KCL Iron & Steels Limited Wholly owned Subsidiary Companies
II. Previous year''s figures have been regrouped/rearranged whenever
considered necessary to confirm to current year''s grouping and
classification.
Year ended Year ended
31 March, 2014 31 March, 2013
NOTE NO. 1 CONTINGENT LIABILITIES NIL NIL
Mar 31, 2012
1. The company has only one class of shares having a par value of Rs.10
per share. Each holder of equity shares is entitled to one vote per
share.
2. In the event of liquidation of the company, the holders of equity
shares wilt be entitled to receive remaining assets of the Company,
after distribution of all preferential allotments. The distribution
will be in proportion to the number of equity shares held by the
shareholders.
As per records of the Company, including its register of
shareholder/members and other declarations received from shareholders
regarding beneficial interest,the above shareholding represents both
legal and beneficial ownership of shares.
NOTE No.: 3
CONTINGENT LIABILITIES
NIL NIL
NOTE No.: 4
PREVIOUS YEAR FIGURES
Till the year ended 31st March 2011, the company was using pre-revised
Schedule VI to the Companies Act 1956, for preparation and presentation
of its financial statements. During the year ended 31st March 2012, the
revised Schedule VI notified under the Companies Act 1956, has become
applicable to the company. The company has reclassified previous year
figures to confirm to this year's classification.
Mar 31, 2010
1. Rates & Taxes are accounted for on cash basis.
31-03-2010 31-03-2009
2. Expenditure in Foreign Currency - Nil Nil
3. Earning in Foreign Currency - Nil Nil
4. Contingent Liability - Nil Nil
5. As informed by the Management The Payment of Gratuity Act, 1972 is
not applicable to the Company as the number of staffs is less than the
minimum number specified under the Act.
6. The Director of the Company are of the opinion that there is no
deferred is no deferred tax assets/liabilities for the year ended 31st
March, 2010 as per Accounting Standard AS-22 as prescribed by ICAI.
7. The Directors of the Company are of the opinion that the realizable
value of the fixed assets as on 31st march 2010 are more than the value
stated as on the date of Balance Sheet, hence impairment of Fixed
Assets as per AS-28 prescribed by ICAI is not applicable for the year
under review.
8. Segment Reporting : The Company is mainly in the business of
Non-Banking Financial activities, hence segment reporting is not
required.
9. During the year, the Company has not entered into any transactions
with related parties, hence no disclosure is required.
10. As required by the Non-Banking Financial Companies Prudential
Norms (Reserve Bank) Directors, 1998 a schedule to the balance sheet
containing additional particulars as per format prescribed by the bank
has been attached separately.
11. The Balances of Sundry Creditors, Deposit & Loans & Advances are
subject to confirmation from parties and subsequent adjustment, if any,
on reconciliation.
12. The Company has not received any information from the suppliers
claiming their status as micro small or medium enterprise. Consequently
the amount paid or payable to the parties during the year is Nil. ;
13. ADDITIONAL INFORMATION AS REQUIRED UNDER PART IV OF SCHEDULE VI TO
THE COMPANIES ACT, 1956.
14. Previous Year figures have been regrouped and rearranged wherever
considered necessary in order to make them comparable with those of the
current year figures.
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