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Notes to Accounts of Integrated Hitech Ltd.

Mar 31, 2015

A) Miscellaneous Expenditure (to the extent not written off or adjusted) comprise of preliminary expenses, registration fees etc.

b) The previous year's figures have been recast/restated, where necessary to conform to current year classification .

c) Foreign currency expenditure: Nil

d) Eamings in Foreign currency Rs. Nil.

e) Related party disclosure

As per Accounting Standard 18, issued by The Institute of Chartered Accountants of India, the disclosure of transaction with the related parties are given below:

I. Name of the Related parties :

i) Subsidiary companies:

Integrated Hitech Singapore Pte. Ltd.,

Singapore

Integrated Hitech (America) Corporation USA

ii) Key Management personnel:

Integrated Hitech Singapore Re. Ltd.,

Mr. A. Gerald Ebenezer (Director)

Mr. Sheik Abdul Farook (Director)

Integrated Hitech (America) Corporation USA Mr. A. Gerald Ebenezer (Director)

Mr. Raj Jebakumar (Director)

The financial statements of the subsidiaries are not annexed since they have not commenced commercial operation.

II. Aggregate Related Party Disclosure for the period ended 3 Is March 2015 For key management personnel:

The following payments were made to the Managing Director Mr.A.Gerald Ebenezer.

Remuneration including perquisites as M.D. Rs.60,000 /-

f) As of March 31,2014 the company has no outstanding dues to small scale industrial undertakings.

g) All the figures have been rounded off to the nearest rupee.

h) As the company is involved in Software/Web development, the furnishing of particulars regarding quantity is not practicable.


Mar 31, 2014

1. Miscellaneous Expenditure (to the extent not written off or adjusted) comprise of preliminary expenses, registration fees etc.

2. The previous year's figures have been recast/restated, where necessary to conform to current year classification .

3. Foreign currency expenditure: Nil

4. Earnings in Foreign currency Rs. Nil.

5. Related party disclosure

As per Accounting Standard 18, issued by The Institute of Chartered Accountants of India, the disclosure of transaction with the related parties are given below:

I. Name of the Related parties :

i) Subsidiary companies:

Integrated Hitech Singapore Pte. Ltd.,

Singapore

Integrated Hitech (America) Corporation

USA

ii) Key Management personnel:

Integrated Hitech Singapore Pte. Ltd.,

Mr. A. Gerald Ebenezer (Director)

Mr. Sheik Abdul Farook (Director)

Integrated Hitech (America) Corporation USA Mr. A. Gerald Ebenezer (Director)

Mr. Raj Jebakumar (Director)

The financial statements of the subsidiaries are not annexed since they have not commenced commercial operation.

6. As of March 31,2014 the company has no outstanding dues to small scale industrial undertakings.

7. All the figures have been rounded off to the nearest rupee.

8. As the company is involved in Software/Web development, the furnishing of particulars regarding quantity is not practicable.


Mar 31, 2010

A. Name of the Related parties:

i) Subsidiary companies Integrated Hitech Singapore Re. Ltd., Singapore Integrated Hitech (America) Corporation, USA

ii) Key Management personnel

Integrated Hitech Singapore Re. Ltd.,

Mr. A. Gerald Ebenezer (Director)

Mr. Sheik Abdul Farook (Director)

Integrated Hitech (America) Corporation USA

Mr. A. Gerald Ebenezer (Director)

Mr. Raj Jebakumar (Director)

The financial statements of the subsidiaries are not annexed since they have not commenced commercial operation.

II. Aggregate Related Party Disclosure for the period ended 31s March 2010

For key management personnel:

The following payments were made to the Managing Director Mr.A.Gerald Ebenezer.

Remuneration including perquisites as M.D. Rs.60,000/-

b) As of March 31,2010 the company has no outstanding dues to small scale industrial undertakings.

c) All the figures have been rounded off to the nearest rupee.

d) As the company is involved in SoftwareAVeb development, the furnishing of particulars regarding quantity is not practicable.

 
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