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Moneycontrol.com India | Notes to Account > Textiles - Hosiery/Knitwear > Notes to Account from Krishna Lifestyle Technologies - BSE: 514221, NSE: SHREEKRPOL
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Krishna Lifestyle Technologies
BSE: 514221|NSE: SHREEKRPOL|ISIN: INE218A01028|SECTOR: Textiles - Hosiery/Knitwear
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Krishna Lifestyle Technologies is not traded in the last 30 days
« Mar 12
Notes to Accounts Year End : Mar '13
(a) There is no payment overdue to small-scale industries.
 
 (b) The balance of advances, debtors and creditors are confirmed by
 majority of parties and efforts are being made for obtaining
 confirmations from remaining parties
 
 (c) CENVAT: Capital expenditure and raw materials have been taken at
 net value after adjusting cenvat, wherever applicable as per guidelines
 issued by The Institute of Chartered Accountants of India..
 
 (d) In the opinion of the Board, Current Assets, Loans and Advances are
 approximately of the value stated, if realised in the ordinary course
 of business, the provisions for all known liabilities are adequate and
 not in excess than reasonably necessary.
 
 (e) Some of the banker of the company has restructure the loan where by
 interest w.e.f 1/1/2012 to 31/03/2013 has been converted in to FITL at
 the rate approved by the bank at the time of restructuring
 
 (f) Technology up gradation and Modernisation of plant and machinery:-
 To keep pace with the developments in the Textile Sector, the company
 set up an in house Expert Group to suggest measures for Technology up
 gradation and Modernisation of Plant and Machineries in the units. As
 per their recommendations, old machines including Ring Frames,
 requiring huge expenditure towards repairs and maintenance consuming
 high power with low out put have been identified and shifted to
 workshop/godowns for appropriate action.
 
 (g) Figures of previous year have been re-grouped/re-arranged wherever
 necessary.
 
 (h) THE COMPANY HAS ONLY ONE BUSINESS SEGMENT THAT IS
 TEXTILE AND HENCE SEGMENT REPORTING AS REQUIRED UNDER AS-17
 ISSUED BY ICAI IS NOT APPLICABLE.
 
 (i) AS-18 RELATED PARTY DISCLOSURE:
 
 Related party disclosures as required by AS-18 Related Party
 Disclosures are given below. [Related parties are as identified by
 the Company and relied upon by the Auditors]:
Source : Dion Global Solutions Limited
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