46.
The Company was hitherto charging depreciation on plant & machinery items taking a useful life of 18 years. Based on the internal
technical evaluation, the company has revised useful lives of some items of plant and machinery from 18 years to 10 and 7 years as per
detail below :
47.
The company has reclassified previous year figures to conform to this year’s classification.
Had there been no change, depreciation charge for the year would have been lower by
`
3.93 crores and profit for the year would have
been higher by
`
3.93 crores.
Particulars
Useful Life
Digital Printing Machine
7 Years
Cutting, Squaring and Polishing Lines
10 Years
SIGNATURE TO THE NOTES 1 TO 47.
In terms of our report of even date annexed
For and on behalf of the Board
For O. P. Bagla & Co.
Ashok Kajaria
Chetan Kajaria
Rishi Kajaria
Chartered Accountants
Chairman & Managing Director
Jt. Managing Director
Jt. Managing Director
FRN No. 000018N
(DIN: 00273877)
(DIN: 00273928)
(DIN: 00228455)
Atul Bagla
Partner
Ram Chandra Rawat
Sanjeev Agarwal
Membership No.: 91885
Executive V.P. (A&T) & Company Secretary
CFO
Place: New Delhi
(FCS No. 5101)
Dated: 28th April, 2016
Notes on the financial statements
45.
INFORMATION UNDER SECTION 186(4) OF THE COMPANIES ACT 2013:
A. LOANS GIVEN:
There are no loans besides those shown in note no. 35.
B. INVESTMENT
There is no investment besides those shown in note no. 13.
C. GUARANTEE GIVEN
Guarantees given to subsidiary companies shown in note no. 35.
D.
The company has not provided any security during the year.
130
Kajaria Ceramics Limited
