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Notes to Accounts of Indo Cotspin Ltd.

Mar 31, 2015

1.1 Provision for Taxation of Rs.1,64,998.00 for the financial year 2014-15 represents Income Tax computed as per, MAT prescribed under the Income Tax Act, 1961.

1.2 Based on the given by the with the company , in respect of MSME (as defined in the Micro Small & Medium Enterprises Development Act, 2006) there are no outstanding payments to such companies at the end of the year. This has been relied upon by the auditor.

1.3 In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated, if realised, in the ordinary course of business.

1.4 Additional Information, where applicable, pursuant to the provisions of Schedule VI of the Companies Act, 1956, is as under :

A. Licensed CapacityThe Company is not required to obtain License under the Industrial Development & Regulation Act, 1951 as informed by the management; therefore the said details are not applicable.

B. Installed Capacity The said details are not applicable.


Mar 31, 2014

Notes to Accounts Forming Integral Part of the Balance Sheet as at 31st March, 2014.

1. Provision for Taxation of Rs.31,69,900.00 for the financial year 2013-14 represents Income Tax computed as per, MAT prescribed under the Income Tax Act, 1961.

2. Based on the given by the with the company , in respect of MSME (as defined in the Micro Small & Medium Enterprises Development Act, 2006) there are no outstanding payments to such companies at the end of the year. This has been relied upon by the auditor.

3. In the opinion of the Board, the Current Assets, Loans &Advances are approximately of the value stated, if realised, in the ordinary course of business.

4. Related party disclosures for the year ended 31st March, 2014.

a) Particulars Year Ended Year Ended 31st March, 2014 31st March, 2013

1 Key Management Personnel Sh. Bal Krishan Sh. Bal Krishan Aggarwal Aggarwal

Sh. Raj Pal Sh. Raj Pal Aggarwal Aggarwal

Mr. Arpan Mr. Arpan Aggarwal Aggarwal

Mr. Sanil Aggarwal Mr. Sahi Aggarwal

Mr. Sahi Aggarwal

2 Relative of Key Management Personnel Nil Nil

3 Enterprise that directly indirectly through one or more intermediaries control or controlled by. or uner common control with, the company. Nil Nil

4 Associate company Indo non Women Pvt. Indo non Women Ltd. Pvt. Ltd.

5 Members of their relative having significant influence cover the company by having an interest in the voting powe of the company. Nil Nil

6 Enterprise in which substained interest in the voting power is owned directlyindirectly by the key personnel or thier relatives including directors and senior management of the company. Nil Nil


Mar 31, 2013

1. The Company has only one class of Equity Share having Par Value of Rs. 10 Per Share and Each Shareholder is eligible for One Vote Per Share.

9,99,000 Forfeited Shares, were re-issued during the year at a premium Rs. 5 Each.

2. Provision for Taxation of Rs. 1,34,827.00 for the financial year 2012-13 represents Income Tax computed as per, MAT prescribed under the Income Tax Act, 1961.

3. Based on the given by the with the company , in respect of MSME (as defined in the Micro Small & Medium Enterprises Development Act, 2006) there are no outstanding payments to such companies at the end of the year. This has been relied upon by the auditor.

4. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated, if realised, in the ordinary course of business.

5 A. Licensed Capacity

The Company is not required to obtain License under the Industrial Development & Regulation Act, 1951 as informed by the management; therefore the said details are not applicable.

B. Installed Capacity

The said details are not applicable.

C. Earnings in Foreign Currency -Nil

D. Amount remitted during the year in foreign currency on dividends and number of non-resident Shareholders - Nil.


Mar 31, 2012

1 a) Working Capital Loan from Union Bank of India is secured by mortgage and personal gurantee of the directors.

b) The Company has a sanctioned limit of Rs. 4800000, however the limit is not availed by the Co. rather having credit balance in their account.

c) The loan is payable on demand.

AS AT AS AT 31.03.2012 31.03.2011

2 CONTINGENT LIABLITIES AND COMMITMENTS NIL NIL

 
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