Notes to Accounts of Indo-Global Enterprises Ltd.

Mar 31, 2016

1. TERMS/RESTRICTIONS ATTACHED TO EQUITY SHARES PREFERENCE AND RESTRICTIONS ATTACHED TO SECURITIES:

The Company has only one class of equity shares having a par value of Rs.10/- per share.

Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the company, the holders of equity share will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. THE DETAILS OF SHAREHOLDER''S HOLDING DURING THE YEAR:

No Shareholder of the Company is holding more than 5% of the paid up capital of the Company during the year under review.

3. Foreign Currency Income/Expenditure: Nil

4. Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. NIL (NIL).

5. None of the employee throughout the financial year were in receipt of remuneration which in the aggregate was more than Rs 60,00,000. Per annum / Rs 5,00,000 per month.

6. As per the Management, there are no enterprises which have provided goods and services to the company and which qualify under the definition of Micro and Small Enterprises as defined under Micro, Small and Medium Enterprises Development Act, 2006.

7. Debtors, Creditors and Loans & Advances are subject to confirmation & reconciliation from the parties

8 Contingent Liabilities : NIL(NIL)

9 Deferred Tax : NIL (5,07,934)

10 Details of Related Party Disclosure:

11 The Figures of the Previous year has been regrouped / rearranged wherever necessary.

12 The Company is yet to formulate retirement benefit plan pertaining to gratuity for its employees & consequently, no provision has been made in the accounts for the same. Currently, the company adopts the policy of ''Pay as You Go'' for payment of gratuity to employees.

13 At the Balance Sheet date an assessment is done to determine whether there is any indication of impairment in the carrying amount of the company''s fixed assets. An asset is treated impaired when carrying cost of assets exceeds its recoverable value. An impairment loss is charged to the Profit and Loss Account in the year in which an asset identified as impaired. The impairment loss, if any, recognized in prior accounting period is reversed if there has been any change in the estimate of recoverable amount.

14 Quarterly financial results are published in accordance with the guidelines issued by SEBI. The recognition and measurement principles as laid down in the standard are followed with respect to such results. Quarterly financial results are subjected to a limited review by the auditors as required by SEBI.