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SENSEX NIFTY India | Notes to Account > Consumer Goods - Electronic > Notes to Account from Kusam Electrical Industries - BSE: 511048, NSE: N.A

Kusam Electrical Industries

BSE: 511048|ISIN: INE175Q01018|SECTOR: Consumer Goods - Electronic
Kusam Electrical Industries is not traded in the last 30 days
Kusam Electrical Industries is not listed on NSE
Mar 13
Notes to Accounts Year End : Mar '14
1. Share Capital
 (i) Rights & Restrictions attached to shares
 (a) The Company has only one class of share capital namely Equity
 Shares having face value of Rs 10/- each.The equity shares have right,
 preferences and restrictions which are in accordance with the
 provisions of law, in particular the Companies Act, 1956.
 (b) In respect of every equity share (whether fully paid or partly paid
 except where calls are in arrears) .voting right shall be in the same
 proportion as the capital paid up on such equity share bears to the
 total paid up equity capital of the company.
 (c)The dividend proposed by Board Of Directors is subject to the
 approval of the shareholders In the ensuing Annual General Meeting
 except in case of interim dividend,
 (d) In the event of liquidation , the shareholders of equity shares are
 eligible to receive the remaining assets of the company after
 distribution of all prefrentiai amounts, in proportion to their
 2. Fixed Assets
 * Office Premises costing Rs 1,032,000 is in the process of transfer in
 the name of the company.
 ** Computer costing Rs 68,164 having Written down value of Rs.7,298
 have been Discarded during the financial year.
 *** Two of the vehicles are being held in the name of the Whole time
 director in trust for and on behalf of the Company.
 3. Additional information to the financial statement
 The company is listed on Bombay Stock Exchange and Calcutta Stock
 Exchange.but due to non compliance or various terms and conditions as
 envisaged in the listing agreements, trading in Company''s shares has
 been suspended.The Company has initiated the process of complying with
 the requirements of Bombay Stock Exchange.Costs and/or Liability, if
 any, arising on account of regularising the same with the stock
 exchanges is not ascertainable and will be accounted as and when
 4. Contigent Liabilities and Commitment           As at           As at
    (to the extend not provide for)         31March,2014  31 march, 2013
 Contingent liablities
 (a) Claims againt the Company not                   Nil             Nil 
 acknowledged as debt
 (b) Guarantees
 Bank Guarantees againt FDR of1400 (P.Y.           1,390           1,390 
 Rs. 1400)
 Letter of Credit against FDR of Rs. Nil             Nil             Nil 
 (P.Y.- Nil)
 (c) Demand from Bombay Stock exchange for     2,340,450               -
 Various Non Complance.
 5. Disclosure as per Clause 32 of the Listing Agreements with the Stock
 Loans and advances in the nature of loans given to subsidiaries,
 associates and others and investment in share of the Company by such
 parties: NIL (P.Y. NIL). 
 6. Provisions
 The company has given warranties on products sold by it. However no
 provision has been made for the same looking to the past experience of
 claims received and on materiality grounds. 
 7. Segment Reporting
 Segment information: The Company is engaged in trading in Eiectrical &
 Electronic Measuring Instruments and all Business Operations are
 carried from a single geographical segment. Therefore there are no
 reportable business and geographical segments.
 8. Previous year''s figures have been regrouped / reclassified to the
 extent necessary to correspond with the current year''s
Source : Dion Global Solutions Limited
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