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NOTES TO ACCOUNTS

K-Lifestyle & Industries Ltd.
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 24.54 Cr. P/BV -0.08 Book Value (₹) -2.97
52 Week High/Low (₹) 0/0 FV/ML 1/1 P/E(X) 0.00
Bookclosure 28/09/2019 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2015-03 
1. Provision for current tax is made on the basis of estimated taxable income for the current accounting year in accordance with the Income Tax Act, 1961.

2. There is no payment due to small scale industries.

3. Deferred tax Assets / Liabilities has been provided in a accordance with the Accounting Standard-22 - "Accounting for taxes on income" issued by the ICAI applicable with effect from 1st April 2001.The Deferred tax Assets/ (Liabilities) as on 31st March, 2015 amounting to 3985.57 Lacs is the tax on the difference between the book depreciation and tax depreciation.

4. Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business.

5. The figures of the previous year are regrouped / rearranged whenever necessary to correspond with current year figure.

6. 1. AS-18 Related Party Disclosure: Nil

2. Other parties with whom the company has entered into transaction during the year.

i) Associates where key management personnel and their relatives have significant influence;- Nil

ii) Key Management Personnel:- Shivpratap Sitaram Jolly (Managing Director)

iii) Relative of Key Management Personnel:- Nil

7. Contingent Liabilities and Commitments (to the extent not provided for) : 

                                                            (Rs.in Lacs)


Particular                           As at 31st           As at 31st
                                     March 2015           March 2014
(i) Contingent Liabilities :

(a) Claims against the company not acknowledge as debt

(b) Guarantees

(i) Bank Guarantee

(ii) Corporate Guarantee Given :

(c ) Other money for which the company is contingently liable : 12895.00 12895.00 

                         b                 20               550.00
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