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Notes to Accounts of Indian Card Clothing Company Ltd.

Mar 31, 2016

1. Related Party Disclosure

a) Controlling Company - Multi Act Industrial Enterprises Ltd., Mauritius

b) Wholly Owned Subsidiaries controlled by the Company i) ICC International Agencies Ltd.

c) Other Subsidiary controlled by the Company

i) Garnett Wire Ltd., UK

ii) Shivraj Sugar and Allied Products Pvt Ltd.

d) List of key management personel : i) Mehul K. Trivedi

e) Enterprise over which any key management personnel and relative of such personnel is able to exercise significant influence

i) Multi Act Equity Research Services Pvt. Ltd.

ii) Multi Act Constructions Pvt. Ltd.

iii) Multi Act Realty Enterprises Pvt. Ltd.


Mar 31, 2013

1. i) Claims against the Company not acknowledged as debts 40.00 40.00

ii) Estimated amount of contracts remaining to be executed on 126.04 777.40 capital account and not provided for (net of advances)

iii) Contingent liability in respect of taxation matters in appeal by the Department 15.19 15.19

2. Employee Benefits : Post Retirement Benefit - Defined Contribution Plans

Disclosure on Retirement Benefits as required in Accounting Standard (AS 15) on ''Employees Benefits'' are given below.

3. The total of research and development costs including depreciation charge to profit and loss Rs. 49.52 lac (previous year Rs.60.69 lac).

4. Related Party Disclosure

a) Controlling Company - Multi Act Industrial Enterprises Ltd., Mauritius

b) Wholly Owned Subsidiaries controlled by the Company i) ICC International Agencies Ltd.

c) Other Subsidiary controlled by the Company

i) Garnett Wire Ltd., UK

ii) Shivraj Sugar and Allied Products Pvt Ltd.

d) Enterprise over which any key management personnel and relative of such personnel is able to exercise significant influence

i) Multi Act Trade & Investments Pvt Ltd.

ii) Multi Act Equity Consultancy Pvt Ltd.

iii) Multi Act Constructions Pvt. Ltd.

5. Figures in bracket are in respect of previous year. Previous year''s figures have been regrouped / re-classified where-ever necessary to comply with requirements of revised Schedule VI.


Mar 31, 2012

1. The total of research and development costs including depreciation charge to profit and loss Rs. 60.69 lac (previous year Rs.70.62 lac).

2. Related Party Disclosure

a) Controlling Company - Multi Act Industrial Enterprises Ltd., Mauritius

b) Wholly Owned Subsidiaries controlled by the Company- i) ICC International Agencies Ltd.

c) Other Subsidiary controlled by the Company-

i) Garnett Wire Ltd., UK

ii) Shivrai Suaar and Allied Products P Ltd.

d) Enterprise over which any key management personnel and

relative of such personnel is able to exercise significant influence

i) Multi Act Trade & Investments Pvt Ltd.

ii) Multi Act Equity Consultancy Pvt Ltd.

iii) Multi Act Constructions Pvt. Ltd.

3. Figures in bracket are in respect of previous year. Previous year's figures have been regrouped / re- classified where-ever necessary to comply with requirements of revised Schedule VI.


Mar 31, 2010

1.Sundry Creditors :

Suppliers who are covered under MSMED Act,2006, have been identified to the extent of information available with the company . The principal balance due to Micro and small enterprises as at 31 st March, 2010 is Rs. 8.84 lac. Further no interest has been paid or is payable under the terms of MSMED Act, 2006.

2.The total of research and development costs including depreciation charge to profit and loss Rs. 73.28 lac (previous year Rs.72.44)

3.Related Party Disclosure

a) Controlling Company - Multi Act Industrial Enterprises Ltd., Mauritius

b) Wholly Owned Subsidiaries controlled by the Company-

a) ICC International Agencies Ltd.

b) Shivraj Sugar and Allied Products P Ltd.

c) Other Subsidiary controlled by the Company- i) GarnettWireLtd.,UK

d) Enterprise over which any key management personnel and relative of such personnel is able to exercise significant influence

i) Multi Act Trade & Investments Pvt Ltd.

ii) Multi Act Equity Consultancy Pvt Ltd.

iii) Kardhar Constructions Pvt. Ltd.

e) Transactions with related Parties

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