KK Securities Limited

BSE Prices delayed by 5 minutes... << Prices as on Apr 29, 2024 - 3:59PM >> ABB India 6451.7 [ 0.67% ] ACC 2533.3 [ 0.35% ] Ambuja Cements 629.8 [ -0.36% ] Asian Paints Ltd. 2868.1 [ 0.83% ] Axis Bank Ltd. 1158 [ 2.47% ] Bajaj Auto 8756.2 [ -2.33% ] Bank of Baroda 272.7 [ 1.70% ] Bharti Airtel 1331.75 [ 0.47% ] Bharat Heavy Ele 276.8 [ -0.72% ] Bharat Petroleum 619.3 [ 1.62% ] Britannia Ind. 4790.85 [ -0.14% ] Cipla 1407.55 [ -0.13% ] Coal India 453.2 [ -0.52% ] Colgate Palm. 2829.2 [ -0.91% ] Dabur India 506.75 [ -0.44% ] DLF Ltd. 887 [ -2.28% ] Dr. Reddy's Labs 6279.95 [ 0.43% ] GAIL (India) 209.55 [ 0.72% ] Grasim Inds. 2388.05 [ 1.82% ] HCL Technologies 1387.1 [ -5.79% ] HDFC 2729.95 [ -0.62% ] HDFC Bank 1528.8 [ 1.26% ] Hero MotoCorp 4458.4 [ -0.74% ] Hindustan Unilever L 2226.95 [ 0.25% ] Hindalco Indus. 650.2 [ 0.10% ] ICICI Bank 1158.8 [ 4.67% ] IDFC L 121.65 [ -4.40% ] Indian Hotels Co 583.1 [ 2.60% ] IndusInd Bank 1487.75 [ 2.90% ] Infosys L 1435.75 [ 0.39% ] ITC Ltd. 438 [ -0.44% ] Jindal St & Pwr 938.3 [ 0.68% ] Kotak Mahindra Bank 1640.25 [ 1.98% ] L&T 3636.15 [ 0.94% ] Lupin Ltd. 1640.3 [ 1.51% ] Mahi. & Mahi 2062.85 [ 0.91% ] Maruti Suzuki India 12705 [ 0.14% ] MTNL 37.35 [ -0.56% ] Nestle India 2506.2 [ 0.90% ] NIIT Ltd. 108 [ 0.09% ] NMDC Ltd. 254.9 [ -1.12% ] NTPC 363.1 [ 2.07% ] ONGC 283.25 [ 0.14% ] Punj. NationlBak 137.25 [ 0.59% ] Power Grid Corpo 293.7 [ 0.55% ] Reliance Inds. 2930.5 [ 0.95% ] SBI 826.15 [ 3.09% ] Vedanta 406.3 [ 2.43% ] Shipping Corpn. 232.45 [ 0.02% ] Sun Pharma. 1521.95 [ 1.18% ] Tata Chemicals 1099 [ -2.09% ] Tata Consumer Produc 1098.9 [ -0.36% ] Tata Motors Ltd. 1000.45 [ 0.11% ] Tata Steel 167.4 [ 0.93% ] Tata Power Co. 448.1 [ 2.60% ] Tata Consultancy 3870.6 [ 1.51% ] Tech Mahindra 1285.95 [ 0.67% ] UltraTech Cement 9984 [ 2.93% ] United Spirits 1180.95 [ -1.56% ] Wipro 462.95 [ -0.37% ] Zee Entertainment En 149.35 [ 2.33% ]

Akshar Spintex Ltd.	Notes to Accounts


	Search Company	*

You can view the entire text of Notes to accounts of the company for the latest year

Market Cap. (Rs.)

72.00 Cr.

P/BV

1.69

Book Value (Rs.)

1.42

52 Week High/Low (Rs.)

7/2

FV/ML

1/1

P/E(X)

0.00

Bookclosure

15/02/2024

EPS (Rs.)

0.00

Div Yield (%)

0.00

Year End :2018-03

25.1 Notes Power and fuel expense is net of power subsidy recognized of Rs. 1 ,42,77,980 (P. Y. Rs. 1 ,44,76,589)
26. Earnings per share
Particulars	Period ended March 31, 2018		Period ended March 31, 2017
Net profit/(loss) for basic EPS calculation		85,497,109		25,780,290
Weighted average no. of equity shares for basic EPS calculation		24,000,000		24,000,000
Basic EPS		3.56		1.07
Diluted EPS		3.56		1.07
27.
Particulars	Period ended March 31, 2018		Period ended March 31, 2017
	Amount in Rs.	%	Amount in Rs.	%
Materials consumed Indigenous	690,494,669	100.00%	664,389,170	100.00%
	690,494,669	100.00%	664,389,170	100.00%
Stores and spares consumed Indigenous	4,470,019	100.00%	511,150	100.00%
	4,470,019	100.00%	511,150	100.00%
28. Disclosures as required by the Micro, Small and Medium Enterprises Development Act, 2006 are as under The Company has requested its suppliers to give information about their status as Micro, Small or Medium Enterprises as defined under the MSMED Act, 2006. In absence of this information, the Company is unable to provide the details regarding the over dues to such enterprises.

29. Related party transactions

1. List of related parties

Other related parties where common control exists

A. Patel Alloys# Tricot Impex Pvt Ltd#

Key Management Personnel ("KMP") and their relatives Whole-time directors ("WTDs")/Executive directors etc.

Ashokbhai Bhalala

Amitbhai Gadhiya

Harikrishna Chauhan

llaben Paghadar Relative of WTDs/Executive directors

Chetnaben Bhalala

Harikrishna Chauhan HUF

Rekhaben Harikrishna Chauhan

Ashokbhai Bhalala HUF

Pooja Amitbhai Gadhiya Other KMPs and their relatives

Pratik Raiyani

Ankita Popat

Prakahkumar Sorathia

Rajdeep Patel

Rekhaben Chauhan

Manojbhai Baldha

Paresh Bhalala

Pravin Bhalala

Jalpaben Bhalala

Kantaben Gadhiya

Manubhai Gajera

Narmadaben Chauhan

Nayan Gadhiya

Nipaben Sorathiya

Pareshbhai Jethva

Pareshbhai Bhalala HUF

Pravinaben Gohil

Pravinbhai Bhalala HUF

Sarojben Bhalala

Shukanbhai Bhalala HUF

Sonal Sorathia

Abhishek Patel

Dineshbhai Paghadar

Shukanbhai Bhalala

# There are no transactions during the year with the above entities

2. Details of transactions with related parties	5							(in Rs.)
Details of transactions	Subsidiaries/JCEs/Asso./ Controlling Co./lntermediates		Other related parties		Key Management Personnel and relatives		Total
	2018	2017	2018	2017	2018	2017	2018	2017
Rent paid
Rekhaben Chauhan	-	-	-	-	180,000	180,000	180,000	180,000
Sonalben Sorathiya	-	-	-	-	180,000	180,000	180,000	180,000
Interest paid
Rekhaben Chauhan	-	-	-	-	525,679	884,908	525,679	884,908
Pareshbhai Jethva	-	-	-	-	20,186	9,838	20,186	9,838
Pareshbhai Bhalala	-	-	-	-	139,416	251,031	139,416	251,031
Pareshbhai Bhalala HUF	-	-	-	-	70,929	109,312	70,929	109,312
Poojaben Gadhiya	-	-	-	-	107,622	193,783	107,622	193,783
Prakash Sorathia	-	-	-	-	85,700	259,308	85,700	259,308
Pravinaben Gohil	-	-	-	-	7,707	9,122	7,707	9,122
Pravinbhai Bhalala	-	-	-	-	62,21 1	112,017	62,211	112,017
Pravinbhai Bhalala HUF	-	-	-	-	82,699	131,425	82,699	131,425
Rajdeepbhai Jala	-	-	-	-	-	814,582	-	814,582
Sarojben Bhalala	-	-	-	-	72,358	106,988	72,358	106,988
Shukanbhai Bhalala HUF	-	-	-	-	76,041	207,364	76,041	207,364
Shukanbhai Bhalala	-	-	-	-	64,123	20,647	64,123	20,647
Abhishek Tala (Patel)	-	-	-	-	-	19,070	-	19,070
Amitbhai Gadhiya	-	-	-	-	533,288	1,027,185	533,288	1,027,185
Ashokbhai Bhalala	-	-	-	-	393,778	808,045	393,778	808,045
Ashokbhai Bhalala HUF	-	-	-	-	118,342	313,721	118,342	313,721
Chetnaben Bhalala	-	-	-	-	140,493	144,351	140,493	144,351
Harikrishna Chauhan	-	-	-	-	116,257	2,493	116,257	2,493
Harikrishna Chauhan HUF	-	-	-	-	95,073	2,361	95,073	2,361
Jalpaben Bhalala	-	-	-	-	84,402	151,973	84,402	151,973
Kantaben Gadhiya	-	-	-	-	126,383	232,004	126,383	232,004
Manojbhai Baldha	-	-	-	-	185,700	101,589	185,700	101,589
Narmadaben Chauhan	-	-	-	-	2,260	4,359	2,260	4,359
Nayanbhai Gadhiya	-	-	-	-	71,700	135,060	71,700	135,060
Nipaben Sorathiya	-	-	-	-	156,365	284,669	156,365	284,669
Manubhai Gajera	-	-	-	-	28,033	50,475	28,033	50,475
Sonalben Sorathiya	-	-	-	-	50,753	92,142	50,753	92,142

Other income/expense transactions with
related parties
Pareshbhai Jethva	481,200	201,000	481,200	201,000
Sarojben Bhalala	605,000	-	605,000	-
Shukanbhai Bhalala	605,000	-	605,000	-
Abhishek Tala (Patel)	225,000	-	225,000	-
Chetnaben Bhalala	605,000	-	605,000	-
llaben Paghdar	-	200,000	-	200,000
Jalpaben Bhalala	605,000	-	605,000	-
Pratik Raiyani	-	252,000	-	252,000
Poojaben Gadhiya	412,500	-	412,500	-
Pareshbhai Bhalala	200,000	-	200,000	-
Pravinaben Gohil	481,200	201,000	481,200	201,000
Rekhaben Chauhan	200,000	-	200,000	-
Gordhanbhai Gadhiya	300,000	-	300,000	-
Remuneration to KMPs
Rekhaben Chauhan	885,000	240,000	885,000	240,000
Ankita Popat	68,000	-	68,000	-
Pratik Raiyani	308,000	-	308,000	-
llaben Paghdar	650,000	150,500	650,000	150,500
Ashokbhai Bhalala	1,285,000	240,000	1,285,000	240,000
Amitbhai Gadhiya	997,500	240,000	997,500	240,000
Pareshbhai Bhalala	675,000	150,000	675,000	150,000
Manojbhai Baldha	750,000	150,000	750,000	150,000
Harikrishna Chauhan	1,375,000	150,000	1,375,000	150,000
Pravinbhai Bhalala	675,000	150,000	675,000	150,000
Rajdeepbhai Tala	622,500	240,000	622,500	240,000

								(in Rs.)
Account balances	Subsidiaries/JCEs/Asso./ Controlling Co./lntermediates		Other related parties		Key Management Personnel and relatives		Total
Account balances	2018	2017	2018	2017	2018	2017	2018	2017
Loans from related parties
Rekhaben Chauhan	-	-	-	-	8,188,990	8,188,990	8,188,990	8,188,990
Pareshbhai Jethva	-	-	-	-	-	89,692	-	89,692
Pareshbhai Bhalala	-	-	-	-	2,323,601	2,323,601	2,323,601	2,323,601
Pareshbhai Bhalala HUF	-	-	-	-	1,182,143	1,182,143	1,182,143	1,182,143
Poojaben Gadhiya	-	-	-	-	1,793,696	1,793,696	1,793,696	1,793,696
Prakash Sorathia	-	-	-	-	-	1,444,170	-	1,444,170
Pravinaben Gohil	-	-	-	-	-	86,062	-	86,062
Pravinbhai Bhalala	-	-	-	-	1,036,851	1,036,851	1,036,851	1,036,851
Pravinbhai Bhalala HUF	-	-	-	-	1,378,316	1,378,316	1,378,316	1,378,316
Rajdeepbhai Tala	-	-	-	-	3,539,953	7,539,953	3,539,953	7,539,953
Sarojben Bhalala	-	-	-	-	1,205,966	1,205,966	1,205,966	1,205,966
Shukanbhai Bhalala HUF	-	-	-	-	1,219,409	1,919,409	1,219,409	1,919,409
Shukanbhai Bhalala	-	-	-	-	1,118,582	418,582	1,118,582	418,582
Abhishek Tala (Patel)	-	-	-	-	176,517	176,517	176,517	176,517
Amitbhai Gadhiya	-	-	-	-	6,008,687	9,508,687	6,008,687	9,508,687
Ashokbhai Bhalala	-	-	-	-	6,562,967	6,562,967	6,562,967	6,562,967
Ashokbhai Bhalala HUF	-	-	-	-	1,903,877	2,903,877	1,903,877	2,903,877
Chetnaben Bhalala	-	-	-	-	2,412,792	1,412,792	2,412,792	1,412,792
Harikrishna Chauhan	-	-	-	-	-	22,498	-	22,498
Harikrishna Chauhan HUF	-	-	-	-	-	22,087	-	22,087
Jalpaben Bhalala	-	-	-	-	1,406,701	1,406,701	1,406,701	1,406,701
Kantaben Gadhiya	-	-	-	-	1,147,457	2,147,486	1,147,457	2,147,486
Manojbhai Baldha	-	-	-	-	-	1,891,430	-	1,891,430
Narmadaben Chauhan	-	-	-	-	-	39,407	-	39,407
Nayanbhai Gadhiya	-	-	-	-	1,195,007	1,195,007	1,195,007	1,195,007
Nipaben Sorathiya	-	-	-	-	-	2,634,962	-	2,634,962
Manubhai Gajera	-	-	-	-	467,211	467,211	467,21 1	467,211
Sonalben Sorathiya	-	-	-	-	-	852,891	-	852,891

Remuneration payable to KMPs
Rekhaben Chauhan	-	-	-	-	-	90,000	-	90,000
llaben Paghdar	-	-	-	-	-	500	-	500
Ashokbhai Bhalala	-	-	-	-	-	90,000	-	90,000
Amitbhai Gadhiya	-	-	-	-	-	90,000	-	90,000
Rajdeepbhai Tala	-	-	-	-	-	90,000	-	90,000
Trade receivables
A. Patel Alloys	-	-	-	3,900,078	-	-	-	3,900,078

Account balances	Subsidiaries/JCEs/Asso./ Controlling Co./lntermediates		Other related parties		Key Management Personnel and relatives		Total
	2018	2017	2018	2017	2018	2017	2018	2017
Other balances- Interest Payable
Rekhaben Chauhan	-	-	-	-	473,111	-	473,111	-
Ashokbhai Bhalala HUF	-	-	-	-	106,508	-	106,508	-
Chetnaben Bhalala	-	-	-	-	126,444	-	126,444	-
Jalpaben Bhalala	-	-	-	-	75,962	-	75,962	-
Kantaben Gadhiya	-	-	-	-	113,745	-	113,745	-
Nayanbhai Gadhiya	-	-	-	-	64,530	-	64,530	-
Manubhai Gajera	-	-	-	-	25,230	-	25,230	-
Sonalben Sorathiya	-	-	-	-	65,122	-	65,122	-
Pareshbhai Bhalala	-	-	-	-	125,474	-	125,474	-
Pareshbhai Bhalala HUF	-	-	-	-	63,836	-	63,836	-
Poojaben Gadhiya	-	-	-	-	96,860	-	96,860	-
Pravinbhai Bhalala	-	-	-	-	55,990	-	55,990	-
Pravinbhai Bhalala HUF	-	-	-	-	74,429	-	74,429	-
Shukanbhai Bhalala HUF	-	-	-	-	68,437	-	68,437	-
Shukanbhai Bhalala	-	-	-	-	57,711	-	57,71 1	-
Amitbhai Gadhiya	-	-	-	-	479,959	-	479,959	-
Ashokbhai Bhalala	-	-	-	-	354,400	-	354,400	-

30. Employee benefits

The Company has one scheme for long-term benefit - Gratuity. In case of funded schemes, the funds are recognized by the Income tax authorities and administered through trustees. The Company's defined contribution plans are Provident Fund (in case of certain employees), Employees State Insurance Fund. The Company has no further obligation beyond making the contributions to such plans. The Company's defined benefit plans include Gratuity only.

30.1 Change in defined benefit obligation
Particulars	Period ended Amount in Rs.	March 31, 2018 Amount in Rs.	Period ended Amount in Rs.	March 31, 201 7 Amount in Rs.
Gratuity (Non-funded)
Current service cost		1,314,368		_
Interest cost		46,164		_
Actuarial (gain)/loss		(79,128)		-
Past service cost		3,607		-
Present value of defined benefit obligation as at the end of the period		1,285,011		-

1. Current service cost includes prior period expenditure of Rs. 6,85,130 on recognition of gratuity liability during the current reporting period.

30.2 Changes in fair value of plan assets
Particulars	Period ended March 31, 2018		Period ended	March 31, 2017
	Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Gratuity (Non-funded)
Fair value of plan assets as at the end of the period
30.3 Reconciliation of present value of defined benefit obligation and fair value of plan assets
Particulars	As at March 31, 2018		As at March 31, 2017
	Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Gratuity (Non-funded) Present value of funded obligation as at the end of the year		1,285,011		.
Unfunded liability/(assets) recognised in the balance sheet		1,285,011		-

30.4 Reconciliation of present value of defined benefit obligation and fair value of plan assets
Particulars	As at March 31, 2018		As at March 31, 2017
	Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Gratuity (Non-funded)
Current service cost		1,314,368		-
Interest cost		46,164		_
Net actuarial (gain)/loss		(79,128)		-
Past service cost		3,607		-
Total expense/(income) recognised in the Statement of Profit and Loss		1,285,011		-

30.5 Actual return on plan assets
Particulars	As at March 31, 2018		As at March 31, 2017
	Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Gratuity (Non-funded)
Actual return on plan assets		-		-

30.6 Major category of plan assets
Particulars Gratuity (Non-funded)	As at March 31, 2018		As at March 31, 2017
Particulars Gratuity (Non-funded)
Total		0.00%		0.00%
30.7 Principal actuarial assumptions used
Particulars Gratuity (Non-funded)	As at March 31, 2018		As at March 31, 2017
Particulars Gratuity (Non-funded)
Discount rate (per annum)		7.30%		0.00%
Expected rate of return on plan assets		Not Applicable		Not Applicable
Expected rate of increase in salaries		7.00%		0.00%
Medical cost trend rates		Not Applicable		Not Applicable
30.10 Contribution to defined contribution plans
Particulars	Period ended March 31, 2018		Period ended March 31, 2017
	Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Provident Fund		658,336		584,029
Total		658,336		584,029

31. Other Notes

1. Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.

2. The Company has not conducted any transactions in foreign currency during the reporting period.

Signature to note 1 to 31 of the financial statements.
For, H. B. Kalaria & Associates	For and on behalf of the Board of Directors,
Chartered Accountants
Firm Registration No. 104571 W
	Ashokbhai Bhalala	Harikrishna Chauhan
	Managing Director	Director
	DIN: 020031 97	DIN: 07710106

Hasmukh B. Kalaria	Pratik Raiyani	Ankita Popat
Partner	CFO	CS
Mem. No. 042002
Rajkot, July 14, 2018	Haripar, July 14, 2018

Equity

Announcements

Commodity

Derivative

Company Info

Currency

Mutual Fund

News

Calculator

KYC IS ONE TIME EXERCISE WHILE DEALING IN SECURITIES MARKETS - ONCE KYC IS DONE THROUGH A SEBI REGISTERED INTERMEDIARY (BROKER, DP, MUTUAL FUND ETC.), YOU NEED NOT UNDERGO THE SAME PROCESS AGAIN WHEN YOU APPROACH ANOTHER INTERMEDIARY. | PREVENT UNAUTHORISED TRANSACTIONS IN YOUR ACCOUNT --> UPDATE YOUR MOBILE NUMBERS/EMAIL IDS WITH YOUR STOCK BROKER/DEPOSITORY PARTICIPANT. RECEIVE INFORMATION/ALERT OF YOUR TRANSACTIONS DIRECTLY FROM EXCHANGE/NSDL ON YOUR MOBILE/EMAIL AT THE END OF THE DAY .......... ISSUED IN THE INTEREST OF INVESTORS

Right and Obligation, RDD, Guidance Note in Vernacular Language

Attention Investors :	"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

	"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

	"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participants. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day.Issued in the interest of Investors."

Copyrights @ 2014 © KK Securities Limited. All Right Reserved
Designed, developed and content provided by

Equity

Announcements

Commodity

Derivative

Company Info

IPO

Currency

Mutual Fund

News

Calculator