Krisons Electronic Systems Ltd. के अकाउंट के लिये नोट

Mar 31, 2010

1. The net worth of the company has been fully eroded due to accumulated losses incurred and will be further eroded if provision for doubtful and loans are made.

2.Contigent Liabilities

(a) Claims made against the company not acknowledged as debts Rs.1,34,46,350/- (Rs.1,34,46,350/-)

3.No provisions has been made for debts considered doubtful amounting to Rs.99,25,565,53 (Rs.2,09,68,455/-) and Loans and advances considered doubtful amounting to Rs. Nil (Rs.1,56,11,746/-) as the company recover partially recover such debts.

4. The balances of customs suppliers other parties and FDRs & Margin Money with the banks are subject to confirmation.

5. Share allotment money is subject to reconciliation.

6. Deferred Tax:

In view of substantial amount of unabsorbed depreciation as on 31st March, 2001 under the income Tax, Act and continuing losses for the number of previous year and also for current ended 31st March 2010, neither deferred tax assets (net) as on 31st March, 2001 nor for the current year due to timing difference have been accounted for as a matter of prudence which is in accordance with the recommendation of accounting standard (As-22) issued by rage ICAI.

7. Segment reporting

Requirement of segment reporting is net applicable as the Company does not have any segments as defined in accounting standard 17 issued by the ICAI.

8. (1) Related Party Disclosure

(a) Entities under the, control of the Company - Nil

(b) Key managerial personnel –

(i) Shri. Ramesh Kumar Suri, Managing Director

(ii) Shri. Avtar Singh, Director,

(iii) Shri Rajesh Kumar Jain, Director.

(c) Relatives/ Other related parties: NIL.

11. Leases:

No assets have been taken on lease by the Company

9. Information regarding amounts due to creditors comprising MSME units is not available as there are no transactions with these parties for a long time and therefore information regarding their status as MSME units is not available with the company.

Additional Information

(Pursuant to Part II of schedule VI of the Companies Act, 1956 to the extent applicable to the Company)

Additional information

(Pursuant to part if of schedule VI of the companies Act, 1956 to the applicable to the company)

10. Figures in these accounts have been rounded off to the nearest rupees.

11. Figures in brackets represent corresponding figures for previous year.

12. Schedule 1 to 11 from an integral part of the Balance Sheet & Profit Loss Account and have been dealt accordingly.

13.Previous year figures have been regrouped and rearranged wherever considered necessary to conform to this year classification.

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Mar 31, 2009

1. The Net worth of the company has been fully corded to accumulated losses incurred and will be further corded it provision for doubtful debts and loans are made.

2. Contingent Liabilities:

(a) Claims made against the company not acknowledged as debts Rs.1,34,46,350/-(Rs.1,34,46,350/-)

3. No provisions has been for debts considered doubtful amounting to Rs.2,09,68,455/-(Rs.2,09,68,455/-) and loans and advances considered doubtful amounting to Rs.1,56,11,746/- (Rs.1,56,11,746/-) As the company any recover partially recover such debts.

4. The balance of customers suppliers and other parties and FDR &Margin Money with the banks are subject to confirmation.

5. Share allotment money account is subject to reconciliation.

6. Deferred Tax.

In view of substantial amount of unabsorbed depreciation as on 31st March, 2001 under the income Tax Act and continuing for the number of previous years and also for current year ended 31st March, 2009 neither differed tax user (Net) as on 31st March. 2001 nor for the current year due to timing difference have been accounted for as a matter of prudence which is in accordance with the recommendation of accounting standard (AS-22) issued by the ICAI.

7. Segment reporting

Requirement of segment reporting is not applicable as the Company does not have any segments as defined in accounting standard 17 issued by the ICAI.

8 (1) Related Party Disclosure

(a) Entities under the control of the Company -NO

(b) Key managerial personnel - (i) Shri. Ramesh Kumar Suri, Managing Director

(ii) Shri Avtar Singh, Director (RQ Shri Rajesh Kumar Jain, Director *

(c) Relatives/ Other related parties: NIL

9. Leases:

No assets have been taken on lease by the Company

10. Information regarding amounts due to creditors comprising MSME units is not available as there are no transactions with these parties for a long time and therefore information regarding their status as MSME units is not available with the company.

Additional Information

(Pursuant to Part .1 of schedule VI of the Companies Act. 1956 to the extent applicable to the Company)

11. Figures in these accounts have been rounded off to the nearest rupee

12. Figures in brackets represent corresponding figures for previous year

13. Schedule 1 to 11 from an integral part of the Balance sheet & Profit and loss Account and have been dealt accordingly.

14. Previous year figures have been regrouped and rearranged wherever considered necessary to confirm to this year classification.

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Mar 31, 2008

1. The net worth of the company has been fully eroded due to accumulated losses incurred and will be further eroded if provision for doubtful debts and loans are made.

2. Contingent Liabilities:

(a) Claims made against the company not acknowledged as debts Rs.1,34,46,350/- (Rs.1,79,25,428/-)

3. During the year the Company has settled / paid all its outstanding dues with Punjab National Bank, New Delhi under one time settlement/compromise Scheme. The Company has paid an amount of Rs. 3,25,00,000/- as per the Compromise Scheme towards the settlement of all outstanding. Further, as per terms of compromise the Company has paid a sum of Rs.36,37,200/- as interest from the date of conveying of compromise scheme till the date of payment during the year. In order to partly meet the above payments to the bank, the company has entered into an agreement with M/s. Sita Niwas Private Limited. The subject matter of the said agreement is to develop Company's plot situated at C-57, Sector-57, NOIDA into a commercially suitable building/industrial tower to be used by the parties for carrying mutually acceptable business.

4. No provision has been made for debts considered doubtful amounting to Rs.2,09,68,455/- (Rs.2,89,17,279/-) and Loans and Advances considered doubtful amounting to Rs.1,56,11,746/- (Rs.1,61,34,021/-) As the company may recover/partially recover such debts.

5. The balances of customers, suppliers, and other parties are subject to confirmation. '

6. Share allotment money account is subject to reconciliation.

7. Deferred Tax:

In view of substantial amount of unabsorbed depreciation as on 31st March. 2001 under the Income Tax Act and continuing losses for the number of previous years and also for current year ended 31st March, 2008, neither deferred tax asset (net) as on 31st March, 2001 nor for the current year due to timing difference have been accounted for as a matter of prudence, which is in accordance with the recommendation of accounting standard (AS-22)issued by the ICAI.

Notes:

1.Please fill in this attendance slip and hand it over at the Entrance of the Hall.

2. Shareholders who come to attend the meeting are requested to bring their copies of the Annual Report with them.

8.Segment reporting

Requirement of segment reporting is not applicable as the company does not have any segments as defined in according standard 17 issued by tge icai.

9. Leases:

No assets have been taken on lease by the company.

10 Information regarding amounts due to creditors comprising SSI units is not available as there are no transaction with these parties for a long time and therefore information regarding their status as SSI units is not available with the company.

11. Information regarding opening Stock Purchases Turnover and closing Stock for accounting year ended 31.03.2008.

12. Figures in these accounts have been rounded off to the nearest rupee.

13. Figures in brakes represent corresponding figures for previous year.

14. Schedule 1 to 10 from an integral part of the balance sheet & profit and loss Account and have been dealt accordingly.

15. Previous year figures have been regrouped and rearranged wherever considered necessary to confirm to this year classification.