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Notes to Accounts of Asya Infosoft Ltd.

Mar 31, 2016

1. Related Parties Disclosure:

Related party disclosure is in accordance with the Accounting Standards (AS) 18 on "Related Party Disclosure" notified by Companies (Accounting Standards) Rules, 2006.

2. Name of related parties and description of relationship:

3. Key Management Personnel:

4. Ketan Nalinkant Shah

5. Sandip Rajnikant Shah

6. Directors

7. Mahesh Baldevbhai Modi

8. Entity Controlled By Key Management Personnel or Director

9. Ideal System Private Limited

10. Abridge Solution Pvt. Ltd.

11. Segment Reporting:

Segment Information as required by Accounting Standards (AS) 17 on "Segment Reporting" notified by Companies (Accounting Standards) Rules 2006 is not applicable as company is in the business of one segment only.

12. There was no employee who if employed throughout the year was in receipt of remuneration in excess of Rs. 24,00,000/- p.a. or if employed for a part of the year was in receipt of remuneration in excess of Rs.2,00,000/- p.m.

13. Company is not contingent liable for any other.

14. The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/small scale industrial undertakings holding permanent registration certificate issued by directorate of Industries of a State of Union Territory. Consequently the liability if any of interest which would be payable under "the interest on Delayed payments to small Scale and Ancillary Industrial Undertaking Act. 1993" cannot be ascertained. However the company has not received any claims in respect of interest.


Mar 31, 2015

1. Related Parties Disclosure :

Related party disclosure is in accordance with the Accounting Standards (AS) 18 on "Related Party Disclosure" notified by Companies (Accounting Standards) Rules, 2006

A. Name of related parties and description of relationship :

a. Key Management Personnel :

i) Ketan Nalinkant Shah

ii) Sandip Rajnikant Shah

b. Entity Controlled By Key Management Personnel or Director :

i) Ideal System Private Limited

ii) Abridge Solution Pvt. Ltd.

B. Transaction with Key Management Personnel : (Rs. In Lakhs)

Particulars Current Year Previous Year

i. Provision of service to Entity controlled by related parties 3.48 6.04

ii. Interest earned on Money Advanced 5.33 5.06

C. Related party relationship is as identified by Management and relied upon by Auditors'.

2. Segment Reporting :

Segment Information as required by Accounting Standards (AS) 17 on "Segment Reporting" notified by Companies (Accounting Standards) Rules 2006 is not applicable as company is in the business of one segment only.

3. Auditors Remuneration :

Particulars RUPEES RUPEES 31.03.2015 31.03.2014

1. Statutory Audit Fees 20000 20000

2. Other Professional Work 20000 20000

Total 40000 40000

4. There was no employee who if employed through out the year was in receipt of remuneration in excess of Rs. 24,00,000/- p.a. or if employed for a part of the year was in receipt of remuneration in excess of Rs.2,00,000/- p.m.

5 Company is not contingent liable for any other.

6 The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/small scale industrial undertakings holding permanent registration certificate issued by directorate of Industries of a State of Union Territory. Consequently the liability if any of interest which would be payable under "the interest on Delayed payments to small Scale and Ancillary Industrial Undertaking Act. 1993" cannot be ascertained. However the company has not received any claims in respect of interest.

The Company has only one class of shares referred to as Equity Shares having a per value of Rs. 10/-. Each holder of Equity shares is entitled to one vote per share.

The Company declares and Pays dividend in Indian Rupees. The Dividend Proposed by Board of Directors is subject to approval of the shareholder in the next Annual General Meeting.


Mar 31, 2014

1. Related Parties Disclosure:

Related party disclosure is in accordance with the Accounting Standards (AS) 18 on "Related Party Disclosure" notified by Companies (Accounting Standards) Rules, 2006

A. Name of related parties and description of relationship:

a. Key Management Personnel:

i) Ketan Nalinkant Shah

ii) Sandip Rajnikant Shah

b. Entity Controlled By Key Management Personnel or Director :

i) Ideal System Private Limited

C. Related party relationship is as identified by Management and relied upon by Auditors''.

2. Segment Reporting:

Segment Information as required by Accounting Standards (AS) 17 on "Segment Reporting" notified by Companies (Accounting Standards) Rules 2006 is not applicable as company is in the business of one segment only.

3. There was no employee who if employed through out the year was in receipt of remuneration in excess of Rs. 24,00,000/- p.a. or if employed for a part of the year was in receipt of remuneration in excess of Rs. 2,00,000/- p.m.

4. Company is not contingent liable for any other.

5. The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/small scale industrial undertakings holding permanent registration certificate issued by directorate of Industries of a State of Union Territory. Consequently the liability if any of interest which would be payable under "the interest on Delayed payments to small Scale and Ancillary Industrial Undertaking Act. 1993" cannot be ascertained. However the company has not received any claims in respect of interest.

6 SHARE CAPITAL:

The Company has only one class of shares referred to as Equity Shares having a per value of Rs. 10/-. Each holder of Equity shares is entitled to one vote per share.

The Company declares and Pays dividend in Indian Rupees. The Dividend Proposed by Board of Directors is subject to approval of the shareholder in the next Annual General Meeting.


Mar 31, 2013

1. RELATED PARTIES DISCLOSURE :

Related party disclosure is in accordance with the Accounting Standards (AS) 18 on "Related Party Disclosure" notified by Companies (Accounting Standards) Rules, 2006

A. NAME OF RELATED PARTIES AND DESCRIPTION OF RELATIONSHIP :

a. Key Management Personnel i) Ketan Nalikant Shah

b. Director : i) Mahesh Baldevbhai Modi

ii) Sandip Rajnikant Shah iii) Chintubhai Prafulbhai Shah

iv) Ashokkumar Ramanlal Patel

c. Entity Controlled By Key Management Personnel or Director

i. Ideal System Private Limited

2. The balance of loans, advances, debtors, secured and unsecured loans, creditors and bank balances and other items of the current assets and liabilities are subject to confirmation / reconciliation.

3. There was no employee who if employed through out the year was in receipt of remuneration in excess of Rs. 24,00,000/- p.a. or if employed for a part of the year was in receipt of remuneration in excess of Rs. 2,00,000/- p.m.

4. Company is not contingent liable for any other.

5. The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/small scale industrial undertakings holding permanent registration certificate issued by directorate of Industries of a State of Union Territory. Consequently the liability if any of interest which would be payable under "the interest on Delayed payments to small Scale and Ancillary Industrial Undertaking Act. 1993 cannot be ascertained. However the company has not received any claims in respect of interest.


Mar 31, 2011

1. In the opinion of Board, all the items of current assets, loans and advances have a value on the realization in the ordinary course of business at least equal to amount at which they are stated.

2. Related Parties Disclosure:

Related party disclosure is in accordance with the Accounting Standards (AS) 18 on "Related Party Disclosure" notified by Companies (Accounting Standards) Rules, 2006

3. Segment Reporting:

Segment Information as required by Accounting Standards (AS) 17 on "Segment Reporting" notified by Companies (Accounting Standards) Rules 2006 is not applicable as company is in the business of one segment only.

4. Deferred Tax:

There is difference of about Rs.52274./- between Depreciation as per Income Tax Act. 1961 (Rs.230349) and depreciation as per Companies Act. 1956 (Rs. 178075). The Company has increased the deferred tax liabilities provided earlier by Rs. 17768/- and transferred the same from Profit & Loss Account.

5. The balance of loans, advances, debtors, secured and unsecured loans, creditors and bank balances and other items of the current assets and liabilities are subject to confirmation / reconciliation.

6. There was no employee who if employed through out the year was in receipt of remuneration in excess of Rs. 24.00,000/- p.a. or if employed for a part of the year was in receipt of remuneration in excess of Rs.2,00,000/- p.m.

7. Directors Remuneration - Nil Previous Year- Rs. 108000/-

8. The information required by para 3 & 4 of Part II of Schedule VI to the Companies Act 1956:-

a. Expenditure in Foreign Currency - Rs. Nil (Previous Year Rs. Nil)

b. Earning in Foreign Currency - Rs. Nil - (Previous year'Rs. Nil)

c. Amount remitted during the year in foreign currency - Rs. Nil ( Previous Year Rs. Nil)

d. Previous year figures have been regrouped and re-arranged wherever necessary so as to confirm to current year grouping.

e. The other clauses of the above referred para are not applicable.

11. No further information pursuant to paragraph 4C and 4D of the part II of the Schedule VI of the Companies Act, 1956 is given, as the same does not apply to the company.

9. Company is not contingent liable for any other.

10. The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/small scale industrial undertakings holding permanent registration certificate issued by directorate of Industries of a State of Union Territory. Consequently the liability if any of interest which would be payable under "the interest on Delayed payments to small Scale and Ancillary Industrial Undertaking Act. 1993" cannot be ascertained. However the company has not received any claims in respect of interest.

11. Balance Sheet abstract and company's general business profile as per schedule VI Part (IV) of the Companies Act.


Mar 31, 2010

1. In the opinion of Board, all the items of current assets, loans and advances have a value on the realization in the ordinary course of business at least equal to amount at which they stated.

2. Related Parties Disclosure:

Related party disclosure is in accordance with the Accounting Standards (AS) 18 on "Related Party Disclosure" notified by Companies

(Accounting Standards) Rules, 2006

A. Name of related parties and description of relationship:

a. Key Management Personnel: 1) Nirmalsinh Rana

2) Pradeepsinh Jhala

3) Rajendrasinh Zala

b. Enterprise controller by key management personnel:

1) Prayosha Fabricator

3. Segment Reporting:

Segment Information as required by Accounting Standards (AS) 17 on "Segment Reporting" notified by Companies (Accounting Standards) Rules 2006 is not applicable as company is in the business of one segment only.

4. Deferred Tax:

There is difference of about Rs.61,460/- between Depreciation as per Income Tax Act. 1961 (Rs. 209696) and depreciation as per Companies Act. 1956 (Rs. 148236).The Company has increased the deferred tax liabilities provided earlier by Rs.20,687/- and transferred the same from Profit & Loss Account.

5. The balance of loans, advances, debtors, secured and unsecured loans, creditors and bank balances and other items of the current assets and liabilities are subject to confirmation / reconciliation.

6. There was no employee who if employed through out the year was in receipt of remuneration in excess of Rs. 24.00,000/- p.a. or if employed for a part of the year was in receipt of remuneration in excess of Rs.2,00,000/- p.m.

7. Directors Remuneration - Rs. 1,08,000/- Previous Year- Rs. 2,16,000/-

8. The information required by para 3 & 4 of Part II of Schedule VI to the Companies Act 1956:-

a. Expenditure in Foreign Currency - Rs. Nil (Previous Year Rs. Nil)

b. Earning in Foreign Currency - Rs. Nil - (Previous year Rs. Nil)

c. Amount remitted during the year in foreign currency - Rs. Nil ( Previous Year Rs. Nil)

d. Previous year figures have been regrouped and re-arranged wherever necessary so as to confirm to current year grouping.

e. The other clauses of the above referred para are not applicable.

9. No further information pursuant to paragraph 4C and4D of the part II of the Schedule VI of the Companies Act, 1956 is given, as the same does not apply to the company.

10. Company is not contingent liable for any other.

11. The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/small scale industrial undertakings holding permanent registration certificate issued by directorate of Industries of a State of Union Territory. Consequently the liability if any of interest which would be payable under "the interest on Delayed payments to small Scale and Ancillary Industrial Undertaking Act. 1993" cannot be ascertained. However the company has not received any claims in respect of interest.

12. Balance Sheet abstract and companys general business profile as per schedule VI Part (IV) of the Companies Act.


Mar 31, 2009

1: In the opinion of Board, all the items of current assets, loans and advances have a value on the realization in that- ordinary course of business at least equal to amount at which they are stated.

2. Related Parties Enclosure:

Related party disclosure is in accordance with the Accounting Standards (AS) t8 on "Related Party Disclosure" notified by Companies (Accounting Standards) Rules. 2006.

A. Name of related parties And description of relationship; a. Key Management Personnel: 1) Nimalsinh Rana

3) Pradeepsinh Zala i) Rajendrasinh Zala

b. Enterprise controller by key management personnel;

1) Prayosha Fabricator

4. Segment Reporting:

Segment information as required by Accounting Standards (AS) 17 on "Segment Reporting notified by Companies (Accounting Standards) Rules 2006 is not applicable as company is In the business of one segment only,

5, Deferred Tax:

There is difference of about Rs.97,454/- between depreciation as per Companies Act. 1956 and Depreciation as per Income Tax Act. 1961. The Company has reduced the deferred tax liabilities provided earlier by Rs.32,603/- 8nd transferred the same to Profit & Loss Account,

6. The balance of loans, advances, debtors, secured and unsecured loans, creditors and bank balances and other Items of the current assets and liabilities are subject to confirmation t reconciliation.

7. There was no employee who if employed through out the year was in receipt of remuneration in excess of Rs. 24.00,000/-p.a. or if employed for a part of the yea: was m receipt of remuneration in excess of Rs.2,00,000/- p.m.

8. The information required by para 3 & 4 of Part 11 of Schedule VI to the Companies Act 1956:-

a. Expenditure in Foreign Currency-Rs. Nil [Previous Year Rs. Nil) b. Earning in Foreign Currency-Rs. Nil - (Previous year Rs. Nil) Amount remitted during the year in foreign currency - Rs. Nil ( Previous Year Rs.Nil)

d. Previous year figures have been regroupedand re-arranged wherever necessary so as to confirm to

current year grouping. a The other clauses of the above referred para are not applicable.

9. No further information pursuant to paragraph 4C and 4D of the pert II of the Schedule VI of the Companies Act, 1956 is given, as the same does not apply to the company.

10, Company is not contigient liable for any other

11. The Company does not possess Information as to which of its supplier are ancillary Industrial undertaking small scale industrial undertakings holding permanent registration applicable Issued by directorate of Industries of a Stale of Union Territory. Consequently the liability If any of interest which would be payable under the interest on Delayed) payments to small Scale and Ancillary Industrial Undertaking Act. 1993 cannot be ascertained. However the company has not received any claims In respect of Internal

11. Balance Sheet abstract and companys general business profile as per schedule VI Part (IV) of the Companies Act

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