KMF Ltd. के अकाउंट के लिये नोट

Mar 31, 2012

1.1 Contingent Liabilities

Contingent Liabilities not crystallized and are not provided and are NIL as per the information and details provided for by management

(i) The Company had filed an appeal before the court of law against the block assessment order wherein demand pending is Rs. 15,98,008/-

(ii) The Company is having the outstanding dues of Rs.45,00,000/-pending towards the Punjab & Sind Bank which has been settled with bank vide Letter No.ARB-1/ND/KMF72108/2011-12 dated 13.01.2012 to be repaid in the 6 equal instalments of Rs.7,50,000 by September 2012.

1.2 In Compliance of the AS-13 issued by the ICAI, in respect of the valuation of investments, the company had provided a provision in books of accounts during the financial year 2000-2001 for diminution in value of investment, as the decline was of permanent nature.

1.3 Micro,Small & Medium Enterprises

The Identification of suppliers as Micro,Small & Medium Enterprises covered under the "Micro,Small and Medium Enterprises development Act,2006" was done on the basis of information to the extent provided by the suppliers to the company.Total outstanding dues of Micro and Small Enterprises, which were outstanding for more than stipulated period was NIL

Dues remaining unpaid as at 31st March 2012

- Principal NIL

- Interest NIL

Interest paid in terms of Section 16 of the Act NIL Amount of Interest due and payable for the period of

delay in payments made beyond the appointed day during the year. NIL

Amount of interest accrued and remaining unpaid as at 31st March 2012 NIL

1.4 Retirement Benefits

The Company has adopted Accounting Standard-15,the liability of the Company under the Defined Benefit Plan,Gratuity,Earned Leave and other retirement benefits within the law and management policy are counted as NIL

1.5 Personal balances are subject to confirmation

1.6 Previous Year Figures are regrouped and rearranged wherever considered necessary

1.7 Additional Information pursuant to Provisions of Paragraph 3,4C,4D of Part II of Schedule VI of the Companies Act, 1956

a. Licensed,Installed Capacity with regard to the class of goods : Not Applicable

b. Raw Material Consumption Not Applicable

c. Value of Import (CIF Value) NIL

d. % of Materials Consumed

Imported NIL

Indigenous 100%

e. Expenditure in Foreign Currency NIL

f. Earnings in Foreign Exchange NIL

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Mar 31, 2011

1. CONTIGENT LIABILITIES:

Contingent liabilities not crystallized and are not provided as per the information and details provided for by Management are :-

i. The Company had filled an appeal before the court of law against the block assessment order wherein demand pending is Rs. 15,98,008/-

ii. The Company had not provided any Interest on dues pending towards the Federal Bank, laxmi Vilas Bank, Punjab and Sind Bank , Small Industries development bank f India, as the company is in the phase of negotiation with all the bankers. The Interest if provided @ 12% on the revalued/readjusted liabilities towards all the bank, duly adjusted in books of accounts , shall be Rs.49,65,046/- , which shall increase the liability of the company towards the lenders as well as shall increase the loss suffered during the year.

2. In compliance of the AS-13 issued by the ICAI, in respect of the valuation of investments, the company had provided a provision in books of accounts during the financial year 2000-2001 for diminution in value of investment, as the decline was of permanent nature.

3. The Company had paid remuneration to its director during the financial year amounting to Rs. 1,44,624/-, though the company had not done any material business the year and the company had suffered cash losses during the year.

4. The Balances shown for Debtors, Creditors, Fixed Assets, Secured Loans, Advances has been reclassified, Rescheduled at their current realizable/payable value to present true and fair view of the current financial position of the company.

5. Retirement Benefits

The Company has adopted Accounting Standard -15, the liability of the Company under the Defined benefit plan , Gratuity, Earned leave and other retirement benefits within the law and management policy are counted as Nil.

6 Micro. Small & Medium Enterprises

The identification of suppliers as Micro, small & Medium Enterprises covered under the "Micro Small and Medium Enterprises development Act,2QQ6" was done on the basis of information to the extent provided by the suppliers to the Company. Total Outstanding dues of Micro and Small Enterprises, which were outstanding for more than stipulated period was Nil.

7. The Balances shown for Debtors, Creditors, Fixed Assets, Secured Loans, Advances has been reclassified, Rescheduled at their current realizable/payable value to present true and fair view of the current financial position of the company.

8. Retirement Benefits The Company has adopted Accounting Standard -15, the liability of the Company under the Defined benefit plan , Gratuity, Earned leave and other retirement benefits within the law and management policy are counted as Nil.

Notes:

1. For their own convenience, the members are requested to deliver their attendance slips at the attendance counter in a queue.

2. Incomplete attendance slips will not be accepted at the attendance counter. For any problem or information, please contact the enquiry counter, before proceeding to attendance counter.

3. Please bring your copy of annual report at the Annual General Meeting.

4. No gifts/coupons shall be distributed at the meeting.

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Mar 31, 2010

1. CONTIGENT LIABILITIES:

Contingent liabilities not crystallized and are not provided as per the information and details provided for by Management are:-

i. The company had filled an appeal before the court of law against the block assessment order wherein demand pending is Rs.15.98.008/-

ii. The company had not provided any interest on dues pending to wards the Federal Bank, laxmi Vilas Bank, Punjab and Sind Bank, Small industries development bank of India, as the company is in the phase of negotiation with all the bankers. The interest if provided @ 12% on the revalued/readjusted liabilities towards all the bank. duly adjusted in books of accounts, shall be Rs.49,65,046/-, which shall increase the liability of the company towards the lenders as well as shall increase the loss suffered during the year.

2. In compliance of the As-13 issued by the ICAL,in respect of the valuation of investments, the company had provided a provision in books of accounts during the financial year 2000-2001 for diminution in value of investment, as the decline was of permanent nature.

3. The company had paid remuneration to its director during the financial year amounting to Rs.1,44,624/-, though the company had not done any material business the year and the company had suffered cash losses during the year.

4. Micro, Small & cesium Medium Enterprises The identification of suppliers as Micro, small & Medium Enterprises covered under the" Micro small and medium Enterprises development Act,2006" was done on the basis of information to the extent provided by the suppliers to the company. Total outstanding dues of Micro and small Enterprises which were outstanding for more than stipulated period was Nil.

5. Related party Disclosures:- As Per Annexure

6. Schedule A to K forms part of Annual Accounts