Kingfisher Airlines has to infuse more funds to stay afloat: Auditor

MUMBAI: Auditors of debt-ridden Kingfisher Airlines have said that the company will have to infuse more funds if its wants to stay afloat, even as the carrier hoped that government would reduce ATF prices and taxes which will help it improve its finances.

The carrier's ability to meet its financial obligations depends on fresh infusion of funds, its auditors B K Ramadhyani & Co said.

Referring to a statement by Kingfisher that although its networth has eroded the financial results have been prepared on a "going concern basis", the auditors said, "The appropriateness of the said basis is inter alia dependent on the company's ability to infuse the requisite funds for meeting its obligations."

Kingfisher has reported a loss of Rs 468.66 crore in the quarter ended September 30, 2011, against Rs 230.81 crore in the same period last year. The company attributed the loss mainly to higher fuel prices.

The company, however, hoped that the government will reduce aviation turbine fuel prices and sales tax, which in turn would help the cash-strapped carrier improve finances.

"The reduction of prices of aviation fuel and reduction of sales tax on such fuel, which is under active consideration of the government with introduction of stringent cost reduction and control measures, will have positive impact on the working results of the company," the airline said while responding to the 'Limited Review' by its auditors.

It further said that in future, the airlines will have sufficient income to take care of deferred tax liabilities.

The airline was forced to cancel many flights because of mounting losses and has also sought help from banks to meet their short-term capital needs.

In the footnote to its financial results, Kingfisher had said that "having regard to improvement in the economic sentiment, rationalisation measures adopted by the company...the request made by the company to its bankers for further credit facilities..."

"...these interim financial statements have been prepared on the basis that the company is a going concern and that no adjustments are required to the carrying value of assets and liabilities."

Kingfisher had suffered a loss of Rs 1,027 crore in 2010-11 and is estimated to have debt of over Rs 7,000 crore.

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Wisefixer-Windows Registry Cleaner, Speed Up And Optimize Your PC

WiseFixer is a Windows registry cleaner and advanced system optimizer that is designed by Lionsea Co. to keep your system clean and to increase the performance of your computer. This program quickly identifies and repairs any errors that may be on your computer. But some people may not know how to use full function of WiseFixer and are scared of destroying computers with any improper operation. This article will teach you how to use WiseFixer step by step to secure and optimize your computer.
Step one: backup your system
No matter which registry cleaner you use, the first thing you need to do after you install the software is to backup your system. No software is 100% safe to computer system, even those released by Microsoft. But with backup function you can make sure that a restore point is available if any damage is done. A good registry cleaner will always include this function in the program. To do this, just start WiseFixer, choose system backup, and then click to backup your system.
Step two: Scan and clean errors
After creating a restore point in computer, now you can scan and clean errors in computer without worry. You can either click start button on upper tool bar on WiseFixer interface and do a quick scan to fix all errors, or click scan and clean button from left panel, and clean registry errors, evidence files and junk files one by one. I need to mention that in cleaning evidence files, the software may clean your internet explorer cookies and some saved passwords. If you don’t want this happen, remember to uncheck some options in this function.
Step three: fix special problem in computer
WiseFixer has also developed some repairing options in the program. Some errors are not caused by registry problem but some incorrect settings or program conflict. Thus, the program designer has collected some common errors and put automatic fixes in the program. Start WiseFixer, and then click system fix; choose error repair wizard or error utilities and find your situation in the list. After that, check the option and click repair button. It is so simple and you will find the software has dramatically fixed the problem.
Step four: optimize your computer
If you find your computer is getting slow, you may try the easy optimizing functions in WiseFixer. It has separated the case into several situations. Click system optimize button on left panel, you will see six buttons down in the list. Choose any part of system that you want it to run faster, and let it optimize for you. Of course, many people will not just choose one option as they all want the whole system to get as fast as possible. The advanced system optimizer can do this for you simply and quickly.
Step five: IE tools
Internet explorer is an important and frequently used program in computer, and due to this reason, it is also the one that causes most problems. WiseFixer has noticed this and created multiple tools to settle IE problems. Click IE tool on left panel, you will find BHO manager, IE restore and IE management buttons. They will help you to remove unwanted plug-ins, repair IE, change IE settings and protect your privacy and security in browsing.
Step six: technical support
No software is perfect. The company values any and every opinion from users. If you find any bug in the program or any problem that WiseFixer fails to fix for you, remember to contact the technical team at first action. They will help you to get it solved. The support email of WiseFixer is support@WiseFixer.com. Contact anytime if you have any enquiry.

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Audi R8 GT

Audi has unleashed its range-topping and highest performing R8 model yet in the form of the R8 GT coupe - a true supercar that brings a whole new level of performance to the already respected R8 lineup.
Marking the ultimate in R8 performance, the R8 GT uses Audi's 5.2-liter V10, producing 560 horsepower and 398 lb-ft of torque. Although the R8 GT focuses on lightness, it retains Audi’s quattro all-wheel drive system. The quattro system delivers power to the wheels with a 15 percent front, 85 percent rear split by default. If needed, power distribution can be swapped to provide for 30 percent in the front and 70 in the rear.
Since AWD was retained, Audi had to find non-traditional ways to drop the weight of the R8 GT to a total of just 3,362 lbs.
How Audi managed to shave over 220 pounds from the R8
To achieve the drop in weight, the German automaker first turned to the glass on the supercar. The windshield now uses thinner glass, with the bulkhead between the passenger cell and engine compartment, as well as the window in the rear hatch being replaced with lightweight polycarbonate. The changes to the glass shaved just shy of 20 lbs from the total weight. The switch to the fixed rear wing saved 2.65 lbs, the thinner sheet metal and additional body cutouts dropped 5.73 more lbs.
Audi didn’t just cut the materials out, they also swapped them out. The rear hatch, rear bumper and slideblades are now made of carbon fiber-reinforced plastic, saving another 30 lbs. Other various vehicle technical components, such as brakes and suspension bits, were modified for an impressive 43 lbs of savings – before turning to the interior for changes.
Inside, Audi swapped in lighter carpet and bucket seats, along with various structural changes for another 87 lbs of weight savings.
Although not involved in weight savings, the R8 GT also features white dial gauges with unique badges, along with a newly designed gear selector lever made from CFRP and aluminum. The center tunnel and the door liners sport decorative inlays in the body color, while the door sills feature trims of matte aluminum decorated with the R8 GT logo.
R8 GT gets an exclusive look
Audi says that many of the changes made to reduce the weight of the R8 GT also reduce the weight and enhance the aerodynamics. The R8 GT produces even more downforce at high speeds than the standard production model – without any increase in the Cd value (0.36) or frontal area (21.42 sq ft).
The grille is painted matte black, surrounded by a single frame which is finished in matte titanium gray – along with the struts and slats in the air intakes. The lower front splitter is double lipped and is made from carbon fiber. On either side of the front fascia you will find curved flics to help increase downforce over the front axle – which are also formed from carbon fiber.
Down each side of the R8 GT are the characteristic slingblades – finished in matte carbon fiber – the same material found in the reduced-size side mirrors.
Under the R8 GT sit 19-inch, twin five-spoke wheels with a Y design that are finished in a titanium color. the wheels are wrapped in 235/35/R19 rubber in the front with an 8.5-inch wide wheel, while the rear wheels are 11 inches wide and are covered in 295/30/R19 rubber. Audi says that upon request it can also fit 305/30R19 tires for the rear.
Being as the R8 GT is a supercar, buyers are given flexibility for other wheel designs and tires as well, including Sport Cup tires.
Hiding behind whichever wheels the buyer decides to go with are internally ventilated and drilled carbon-fiber ceramic brake discs, shedding nine lbs from the standard brakes. Rotors measure 15 inches in the front and 14 inches in the rear - the same size as some wheels on economy cars.
Behind the R8 GT – a view which will be common for standard R8 owners – there are several obvious and unique changes. The motorized rear wing has been replaced with a large, fixed wing, also finished in matte carbon fiber. The ventilation louvers found on both sides of the rear hatch and the CFRP bumper, which now integrates the larger, round tailpipes and vents for the wheel wells, have also been redesigned.
Audi made R8 GT available in Samoa Orange metallic, Suzuka Gray metallic, Ice Silver metallic and Phantom Black pearl.
Lighter AND more powerful
Rather than stopping at just shedding weight to provide for performance enhancements, Audi decided to also increase the output of its 5.2-liter V10 to 560 horsepower. Torque is up to 398 lb-ft – an increase of 7.38 over the standard R8. Audi says the changes came from changes to the vehicle’s ECU, and allow the R8 GT to “sprint from a standing start to highway speed (62 mph) in just 3.6 seconds,” and on to 124 mph in just 10.8 seconds. The R8 GT tops out at 198.84 mph.
Audi says that the ESP stabilization program has also received unique tuning for the R8 GT, including a Sport mode with the push of a button. Audi says that using Sport mode will provide for “spectacular, but safe, oversteer when accelerating out of a corner.”

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