Page 138 - KRCL ENglish

Sr. No.
Emphasis
of Matter Statutory Auditor's Remarks Management Reply
Para:

t h e s t a n d a l o n e  n a n c i a l o f d i e s e l a n d S F C . O n c e
statements related to Other Inter reconciliation is completed
Railway Financial Adjustment between SCR and KRCL there will
(IRFA) Receivables from Zonal be substantial reduction in the
Railways amounting to Rs. 356.22 trade payables. Similar process
C r o r e s , o u t o f w h i c h t h e will be undertaken with other zonal
outstanding for more than 3 years r a i l w a y s t o s e t t l e t h e o l d
are Rs.147.59 crores lying since outstanding.
long, as old as 2004-2005 and
onwards.

H) We draw attention to Note No. Agreed. The Company is in
20a.7 of the standalone nancial process to approach Govt. of India
statements, which shows that (MoR) to grant approval for
there is a difference of Rs. 214.02 enhancement of the Authorized
Crores in authorized share capital Share Capital in line with
as per records of Ministry of information with MCA.
Corporate Affairs – MCA (Rs.
8293.53 Crores) and as per
company's records (Rs. 8079.51
Crores). The application given to
MCA for correction / reduction in
authorized share capital in line with
approval of President of India, is
not yet acted upon.

I) We draw attention to Note No. 12 of Disclosure under Note No. 36.6 (C)
t h e s t a n d a l o n e  n a n c i a l for Employee Benet Expenses is
statements related to Investments commensurate with the disclosure
wherein presently the Investment requirement of Ind AS-19.
of free fund is also kept deposited
with Life Insurance Corporation

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