KNR Constructions
BSE: 532942 | NSE: KNRCON | ISIN: INE634I01011 | Construction & Contracting - Civil
- Directors Report
- Chairman's Speech
- Auditors Report
- Notes To Accounts
- Accounting Policy
- Finished Products
- Raw Materials
| Notes to Accounts | Year End : Mar '08 |
1. All amounts in the financial statements are presented in Rupees
except per share data and as otherwise stated. Figures in brackets
represent corresponding previous year figures in respect of Profit &
Loss items and in respect of Balance Sheet items as on the Balance
Sheet date of the previous year. Figures for the previous year have
been regrouped /rearranged wherever considered necessary to confirm to
the figures presented in the current year.
2. Contingent Liabilities not provided for
Rupee;
Particulars 2007-08 2006-07
1. Bank Guarantees
-for Company 1,555,218,310 829,157,792
-for Joint Ventures 200,107,949 184,870,000
- for SPVs 152,080,000 80,600,000
Total 1,907,406,259 1,094,627,792
2. Corporate guarantee 4,200,000,000 500,000,000
3. Letter of Credit 3,259,440 Nil
4. Demands against the Company not
acknowledged as debts and not
provided for in respect of
which the Company has filed appeal.
- Income Tax 467,553 467,553
-Sales Tax 16,341,438 22,081,028
5. Claims against the Company not
acknowledged as debts Nil Nil
6. Joint and several liabilities in respect of joint venture projects
and liquidated damages in respect of delays in completion of projects -
{-.mounts are not ascertainable.
3. Estimated amount of contracts remaining to be executed on capital
account (net of advances) not provided for
Rupees
Sl.No. Purpose 2007-08 2006-07
1 For Construction Equipments 69,792,947 11,546,370
2 For Equity investment in BOT Project 403,500,000 303,480,000
3 For un-secured loan in BOT Project 833,300,000 Nil
4. The Company has not received any intimation from Suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act, 2006 and hence disclosures, if any relating to amounts
unpaid as at the year end together with interest paid / payable as
required under the said Act have not been given.
5. Segmental Reporting
The Companys operations consist of Construction activities. Hence
there are no reportable segments under Accounting Standard —17. During
the year under report. The Company has engaged in business in India
only and not in any other Country. The conditions prevailing in India
being uniform, no separate geographical disclosures are considered
necessary.
6. There was no impairment Loss on fixed assets on the basis of
review carried out by the management in accordance with Accounting
Standard-28 issued by the Institute of Chartered Accountants of India.
Further, during the review of assets of the company, those assets which
were found to be having nil market value have been written off in the
accounts.
7. Debit and credit balances of parties are subject to confirmation
by the respective parties.
8. Additional information pursuant to provisions of Para 3,4C and 4D
of Part - II of Schedule VI of Companies Act, 1956 - not applicable.
9. Figures of previous year have been regrouped / rearranged wherever
necessary to conform to the current year presentation |
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| Source : Religare Technova | |
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