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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 13
Notes to Accounts Year End : Mar '14
''Secured by 1st Charge on all Fixed Assets both movable & immovable on
 paripassu basis and Personal guarantee of promoters/directors of the
 Company.
 
 ** Secured by Mortgage of property owned by two relative of directors
 (Terms of Repayment 5 Years)
 
 ***Accumulated interest facility under CDR machanism on Working Capital
 Loan.
 
 *Secured by first charge on all Current Assets & Second charge on pari
 passu basis with other banks and personal guarantee of
 Promoters/Directors [Terms of Repayment 1 Years (Renewal every year)]
 
 Accumulated interest facility under CDR machanism on Term Loan
 
 1. NOTES ON ACCOUNTS :
 
 (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.
 
 2 Contingent Liabilities and Commitments (to the extent not provided
 for) :
 
                                                          (Rs. in Lacs)
 
 Particular                                     As at             As at
                                     31st March, 2014  31st March, 2013
 
 (i) Contingent Liabilities :
 
 (a)  Claims against the company    
 not acknowledge as debt                            -                 -
 
 (b)  Guarantees given by the 
 Company                                       518.00            548.75
 
 (c)  Corporate Guarantee Given               3840.00           3840.00
 
 Notes: Figures in brackets represent corresponding amount of previous
 year.
 
 (3) Figures of previous year have been re-grouped/re-arranged wherever
 necessary.
 
 (4) 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.
Source : Dion Global Solutions Limited
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