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NOTES TO ACCOUNTS

Kinetic Trust Ltd.
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 8.56 Cr. P/BV 2.13 Book Value (₹) 11.97
52 Week High/Low (₹) 25/17 FV/ML 10/1 P/E(X) 47.08
Bookclosure 30/09/2024 EPS (₹) 0.54 Div Yield (%) 0.00
Year End :2015-03 
1. The balances of sundry debtors, creditors and loans and advances are subject to confirmation.

2. Related Party Disclosure:

Related party disclosure as required by AS-18 "Related Party Disclosures" of the Institute of Chartered Accountants of India are given below:

Directors:-

Mr. Vinod Bansal Mr. Rajesh Arora Mr. Ashok Juneja Mr. Vinay Aggarwal Mrs. Kiran Duggal

Associates Company/ Firm:-

M/s Arora & Bansal

M/s City Heights Developers & Promoters P. Ltd.

M/s Blake Townships Pvt. Ltd.

M/s Kinsoft Solutions Pvt. Ltd.

M/s A & B corporate consultants Pvt. Ltd.

M/s Jade Town planners P. Ltd.

M/s Swatantar Consultants P. Ltd.

M/s ACE Innovators P. Ltd.

M/s Coral Town planners P. Ltd.

M/s Dolphin E-Services P. Ltd.

M/s Cantel Communications P. Ltd.

M/s Matrix E- services Pvt. Ltd.

3. The Company is registered with the Reserve Bank of India as a NBFC within the provisions of the NBFC (Reserve Bank of India) Directions, 1998.

4. In the opinion of the management of the company the aggregate value of current assets, loans & advances if realized in the ordinary course of the business shall not be less than the amount at which these are stated in the Balance Sheet and the provision for all known liabilities are adequate.

5. Impairment of Assets

In pursuance of Accounting Standard 28 - Impairment of Assets (AS-28) issued by the Institute of Chartered Accountants of India, the company has reviewed its carrying cost of assets with value in use (determined based on future earnings)/net selling price (determine based on valuation). Based on such review, management is of the view that in the current financial year impairment of assets is not considered necessary.

6. Micro, Small And Medium Enterprises

The Company has not received any information from its suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act 2006, which came into effect from 2nd October, 2006 and hence disclosure, if any, relating to amounts unpaid as on 31st March, 2015 together with interest paid or payable as required under the Act, have not been given.

7. The category of the company is Non-Banking Financial Company-Non Deposit (NBFC-ND), hence CRAR & concentration norms as prescribed by RBI are not applicable to the company.

8. Net Owned Fund (NOF) of the company is Rs.3, 69, 41,026/- which is as per the requirement in the new guidelines issued by RBI on 10th Nov, 2014.

9. Leverage ratio of 1:7 is applicable to the company being a NBFC-ND (below asset size of Rs 500 crores) w.e.f. 10.11.2014 as new guidelines issued by RBI. The company is in compliance with the norms throughout the period under report and has not contravened this norms at any time during the financial year 2014-15.

10. There is no change in the management or constitution of the company during the financial year 2014-15.

11. The company is not rated by any approved credit rating agency till date. Being a NBFC-ND credit rating is not applicable to the company.

12. Previous Years figures have been regrouped and/or rearranged wherever found necessary to conform to this year's classification.

13. During the Financial year the provision of Section 135 related to the Corporate Social Responsibility of the Companies Act, 2013 is not applicable on the company.

(ii) Provide detail of the rights, preferences and restrictions attaching to each class of shares (each class of equity and each class of preference shares) including restrictions on the distribution of dividends and the repayment of capital. Also give details of dividend percentage for each class of preference shares as approved by the Board / agreement with the preference shareholders.

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