Mar 31, 2015
1) SHARE CAPITAL
(a) Rights, preference and restrictions attached to shares
The company has only one class of equity shares having a par value of
Rs. 10 per share. Each Shareholder is eligible for one vote per share.
The dividend proposed by the Board of Directors is subject to the
approval of shareholders, except in case of interim dividend. In the
event of liquidation, the equity shareholders are eligible to receive
the remaining assets of the Company, after distribution of all
preferential amounts, in proportion of their shareholding.
(b) No shares have been allotted or has been bought back by the Company
during the period of 5 years proceeding the date as at which the
Balance Sheet is prepared.
2. OTHER NOTES ON ACCOUNT
(i) Contingent liability not provided in respect of Inland Letter of
Credit amounting to Rs. 58,500,000/ - issued by Canara Bank in favour
of Shree Cement Ltd.
(ii) During the year the Company has changed the method of
representation of "Working Capital Secured Loan" amounting to Rs.
58,500,000/- from Canara Bank" which was shown under the head "Short
Term Borrowing" upto last year now shown to "TRADE PAYABLES" during the
year. Such change in representation does not have any effect in the
Profit & Loss Account of the Company.
(iii) The Company is ceased to be a Non-banking Financial Company as
Reserve Bank of India vide letter dated 21.11.2014 cancelled the
Certificate of Registration. Accordingly the Statutory Reserve created
as NBFC has been transferred to Profit and Loss Account.
(iv) No provision has been made in these accounts in respect of Sundry
Debtors amounting to Rs. 26,622,251/- outstanding from earlier year as
in the opinion of the management, the matter is sub-juice.
(v) No provision has been made in these accounts in respect of Gratuity
Liability of Rs.115,385/- (P.Y. 103,846/-) payable to employees who is
entitled for such payment as the company intends to account for the
same in the year of payment.
(vi) Fixed Deposit Certificates are not available for auditor's
verification as the same are pledged to Canara Bank against the
overdraft facility and Inland / Foreign letter of credit facility taken
from the said Bank.
(vii) In the opinion of the Board of Directors the Current Assets,
Loans and Advances are approxi- mately of the value stated in accounts,
if realised in ordinary course of business, unless oth- erwise stated.
The provisions for all known liabilities are adequate and not in excess
of the amount reasonably necessary.
(viii) The Company has no amounts due to suppliers under the Micro,
small and Medium Enter- prises Development Act,2006 (MSMED) as at
31.03.2015.
(ix) There is no disputed statutory liability which is due.
(x)Notes on Segment Reporting
The Company's primary segment is its Business Segment which consists of
Coal Trading and Commission/ Service charges and Finance & Investment.
Since entire business is conducted within India there are no separate
geographical segments.
(xi) Related Party Information in accordance with AS -18 :
(i) Associates
Kabra Steel Products Ltd. Rajesh Manish Associates Pvt.
Ltd.
Coal Sale Co. Ltd. Coal Sale Co.
Jagdamba Coal House Mrs. Anushka Kabra
(ii) Key Managerial Personnel
Sri Rajesh Kumar Kabra Sri Ramawtar Kabra
(xii) Figures of the previous year's have been recasted rearranged and
reclassified wherever found necessary.
Mar 31, 2014
1.Rights, preference and restrictions attached to shares
The company has only one class of equity shares having a par value ol
Rs. 10 per share. Each Shareholder is eligible for one vote per share.
The dividend proposed by the Board of Directors is subject to the
approval of shareholders, except in case of interim dividend, in the
event of liquidation, the equity shareholders are eligible to receive
the remaining assets of the Company, after distribution of all
preferential amounts, in proportion of their shareholding,
2. No provision hua been made in 1hesa accounts In respect erf Sundry
Debtors amounting to Rs. 3.66.23.25lAouMBnbhg from earner year as In
foe opinion of in6 management. the matter is sub-judice
3. No provision has boon made in these account in respect of Gratuity
Liability ol Rs,iD3646/'(P.Y 152280/-) payable to employees who is
entitled for such payment as the company in- to account for the same in
the year of payment.
4. Fixed Deposit Certifcates are not available for auditors
verification as the same are pledged to Canara Rank against the
overdraft Facility and inland/ t Foreign letter of credit facility
taken from the said Bank,
5. In the opinion of the Board of Directors the Current Assets, Loans
and Advances ere ment of the Value Slated in accounts, if realised in
ordinary course of business, unless oth-erwise stated. The provisions
for all known liabililies are adequate and not in excess of the amount
reasonably necessary.
6. The Company has no amounts due to suppliers under the Micro, small
and Medium Enter- prises DtivalOpmahl ACt, 2006 (MSMFD) as at
31.03.2014.
7. there is no disputed statutory liability which is due.
8. Notes on Segment Reporting
The Company's primary segment is its Business Segment which consists of
Coal Trading and Commission/ Service charges and Finance & Investment.
Since entire business is conducted within India thers are no separate
geographical segments.
9. Related Patty Information in accordance with AS -18 :
(i) Associates
Kabra Steel Products Ltd. Rajesh Manish Associates Pvt. Ltd.
Coal Sale Co. Ltd. Coal Sale Co.
Jagdamba Coal House Kabra Brothers
(ii) Key Managerial Personnel
Sri Rajesh Kumar Kabra Sri Ramawtar Kabra
10.figures of the previous year's have been repeated rearranged and
reclassified wherever found necessary.`
Mar 31, 2013
1. Rights, preference and restrictions attached to shares
The company has only one class of equity shares having a par value of
As. 10 per share. Each Shareholder is eligible for one vote par share.
The dividend proposed by the Board of Directors is subject to the
approval of shareholders, except in case of Interim dividend, In the
event of liquidation, the equity shareholders are eligible to receive
the remaining assets of the Company, after distribution of all
preferential amounts, in proportion of their shareholding,
2. (i) There is no disputed statutory liability which is due.
(ii) The Company do not have any contingent Liability / Assets.
(iii) The GCunpany has no amount due 1d suppTeti under Hie Micro, small
and Medium EnieiJ<oS Development AcE 2006 fMSMED] as fl1 51.03-2013-
(iv) In the opinion of the Board of Directors the Current Assets, Loans
end Advances art- approximately of [lie value Staled in acccount
raised in ordinary flOurSe to business. unless of .hfriwiM stated The
provisions the all 'known liabilities are adequate and not 'n excess
me FunnuM laaMmably necessary.
(V) Fixed Deposit CerlKFcales are no; available for accounts
verification as the same also pledged 10 Canara Bank against the
overdraft facility and inland Foreign loiter of credit idenity taken
horn me said Bank
(vi) No provision has been made in these accounts in respect or Gratutiy
Liability of Rs. i5z2slV-(p.y 160260/-) payable 10 employees who is
entitled to# such payment as to company intends to account tor the same
in the year of payment.
Mar 31, 2011
1. There is no disputed statutory liability which is due
2. The Company do not have any contingent Liability / Assets.
3. The Company has no amounts due to suppliers under the Micro,
small and Medium Enterprises Development Act 2006 (MSMFD) as at 31.
03.2011
4. In the opinion of the Board of Directors the Current Assets, Loans
and Advances are approximately of the value stated in accounts, if
realised m ordinary course of business, unless otherwise stated The
provisions for all known liabilities are adequate and not in excess of
the amount reasonably necessary
5. Fixed Deposit Certificates are not available for auditor's
verification as the same are pledged to canara Bank against the
overdraft facility taken from the said Bark
6. Figures of the previous year have been regrouped neerrauged and
recasted whereever found necessary
7. No provision has been made in these accounts in respect of
Gratuity Liability of Rs 145440/-(P.Y. 139557/-) payable to employees
who is entitled tor such payment as the company intends to account for
the same in the year of payment
8. Figures have been rounded off to the nearest rupee
9. Information pursuant to Part IV of Schedule VI of the Companies
Act. 1956 in respect of Balance Sheet abstract and Company's General
Business Profile is annexed herewith
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