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Kamdhenu

BSE: 532741|NSE: KAMDHENU|ISIN: INE390H01012|SECTOR: Steel - Medium & Small
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Mar 15
Notes to Accounts Year End : Mar '16

1. Terms/rights attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs.10/- Per Share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

During the year ended 31 st March 2016, the amount of proposed dividend recognized as distribution to equity shareholders is Re. 0.70 per equity share of Rs. 10each (Previous year Re. 0.70 per share).

The repayment of Equity share capital in the event of Liquidation and buy back of Shares are possible subject to prevalent regulations. In the event of Liquidation, normally the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amount, in proportion of shareholding.

The Company has not allotted any fully paid up shares pursuant to contract(s) without payment being received in cash. The Company has neither allotted any fully paid up shares by way of bonus shares nor has bought back any class of shares during the period of five years immediately preceding the balance sheet date.

2 Nature of Security of Term Loan from Bankand Financial institution:

#Term Loans from State Bank of Bikaner & Jaipur are secured by way of:

(a) Pari passu charge by way of hypothecation of stocks, book debts & Other current assets of the company, present & future.

(b) Pari passu charge over the movable and immovable assets including equitable mortgage of land & building at Plot No. A-1112&A-1114,RIA. Bhiwadi, Rajasthan & Plot no. E-538-539ARIA, Chopanki,Rajasthan & Personal guarantee of whole time directors.

* Vehicle loans from Banks are secured by hypothecation of respective vehicles.

Nature of Security of Short Term Borrowings:

#Working Capital Loan from Banks are secured by way of:

(a) Pari passu charge by way of hypothecation of stocks, book debts & Other current assets of the company, present & future.

(b) Pari passu charge over the movable and immovable assets including equitable mortgage of land & building at Plot No.A-1112 &A-1114,RIA. Bhiwadi, Rajasthan & Plot no. E-538-539A RIA, Chopanki, Rajasthan & Personal guarantee of whole time directors.

3. As per Accounting Standard-17 “ Segment Reporting” issued by ICAI, the Company has identified three reportable business segments viz. Steel, Power & Paints and following policies have been adopted for the segment reporting.

a) Revenue and Expenses have been identified to a segment on the basis of relationship to operating activities of the segment. Revenue and Expenses which could not be allocable to a specific segment are being disclosed separately as un-allocable.

b) Segment Assets and Segment Liabilities represent assets and liabilities in respective segment. Investments, tax related assets, other assets and liabilities that cannot be allocated to a segment on a reasonable basis have been disclosed as ''Un-allocable''.

4. Disclosures in respect of Related Parties as per Accounting Standard 18 Related Party Disclosures issued by ICAI, with whom transactions were carried out in the ordinary course of business during the year as given below;

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