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Notes to Accounts of Titan Intech Ltd.

Mar 31, 2015

1. Contingent Liabilities: Income tax due : NIL

2. The Company has no Subsidiaries.

3. Directors Remuneration: Nil

4. The Company's Loans and Advance are other than Hire Purchase Advances.

5. Auditors Remuneration : Rs. 75,000/- (Last Year: Rs.75,000/-)

6. No outstanding amounts payable to micro, small and medium enterprises.

7. Segment information:

Revenue of the Company comes from a single segment of operating activities, as also economic environment in the whole of country is one, Segment Reporting as required under Accounting Standard -17 has not been given.

8. CIF value of import in respect of capital goods: Nil.

Expenditure and Earnings in Foreign Currency: Nil (Previous Year:Nil)

9. Retirement benefits/Gratuity will be considered in accounts on payment basis. However no employee qualifies for the same.

10. Earnings per share:

In determining earnings per share, the company considers the net profit after tax and includes the past tax effect of any extraordinary/exceptional item.

11. Related party transactions:

As per AS-18 issued by The Institute of Chartered Accountants of India, the disclosures of transactions with the related parties as defined in the Accounting Standard are NIL

12. There were no employees in respect of remuneration of Rs. 24 00 000/- or more per annum or Rs. 2 00 000/- or more per month, if employed for part of the year.

13. Additional information pursuant paragraphs 3,4C and 4D of part II of schedule of VI of the companies Act, 1956 is not applicable to the Company.

14. Figures for the previous year are regrouped and rearranged, wherever necessary


Mar 31, 2013

NOTES ON ACCOUNTS:

1. Contingent Liabilities: Income tax due : NIL

2. The Company has no Subsidiaries.

3. Directors Remuneration: Nil

4. The Company''s Loans and Advance are other than Hire Purchase Advances.

5. Auditors Remuneration : Rs.50,000/- (Last Year: Rs.25,000/-)

6. No outstanding amounts payable to micro, small and medium enterprises.

7. Segment information: Revenue of the Company comes from a single segment of operating activities, as also economic environment in the whole of country is one, Segment Reporting as required under Accounting Standard – 17 has not been given.

8. CIF value of import in respect of capital goods: Nil. Expenditure and Earnings in Foreign Currency: Nil (Previous Year: Nil)

9. Retirement benefits / Gratuity will be considered in accounts on payment basis. However no employee qualifies for the same.

10. Related party transactions:

As per AS-18 issued by The Institute of Chartered Accountants of India, the disclosures of transactions with the related parties as defined in the Accounting Standard are NIL.

11. There were no employees in respect of remuneration of Rs. 24 00 000/- or more per annum or Rs. 2 00 000/- or more per month, if employed for part of the year.

12. Additional information pursuant paragraphs 3, 4C and 4D of part II of schedule of VI of the companies Act, 1956 is not applicable to the Company.

13. Figures for the previous year are regrouped and rearranged, wherever necessary.


Mar 31, 2011

1. Contingent Li abilities: Income tax due Rs.41,80,872/-

2. The Company has no Subsidiaries.

3. Directors Remuneration: Nil

4. The Company's Loans and Advance are other than hire Purchase Advances.

5. Auditors Remuneration : Rs.20.OOOA

6. No outstanding amounts payable to micro, small and medium

enterprises.

7. Segment Information:

Revenue of the Company comes from a single segment of operating activities, as also economic environment in the whole of country is one. Segment Reporting as required under Accounting Standard- 17 has not been given.

8. CIF value of import in respect of capital goods: Nil

Expenditure and Earnings in Foreign Currency: Nil (Previous Year; Nil)

9. Retirement benefits / Gratuity will be considered in accounts on payment basis. However no employee quantifies for the same.

10. Related party transactions:

As per AS-18 issued by The institute of Chartered Accountants of India, the disclosures of transactions with the related parties as defined in the Accounting Standard are ML.

11, During the year the Company has not written off preliminary expenses.

12, There were no employees in respect of remuneration of Rs, 24 00 000/- or more per annum or Rs. 2 00 000/- or more per month, if employed for part of the year.

13. Additional information pursuant paragraphs 3, 4C and 40 of part II Of schedule of VI of the companies Act, 1956 is not applicable to the Company,

14. Figures for the previous year are regrouped and rearranged, wherever necessary.


Mar 31, 2010

1. Contingent Liabilities: Income tax due Rs. 41,80,872/-

2. The Company has no Subsidiaries.

3. Directors Remuneration: Nil

4. The Companys Loans and Advance are other than Hire Purchase Advances.

5. Auditors Remuneration: Rs.20,000/-

6. No outstanding amounts payable in micro, small and medium enterprises.

7. Segment information:

Revenue of the Company comes form a single segment of operating activities, as also economic environment in the whole of country is one, Segment Reporting as required under Accounting Standard - 17 has not been given.

8. CIF value of import in respect of capital goods: Nil Expenditure and Earnings in Foreign Currency: Nil (Previous Year: Nil)

9. Retirement benefits / Gratuity will be considered in accounts on payment basis. However no employee qualifies for the same.

10. Related party transactions:

As per AS-18 issued by The Institute of Chartered Accountants of India, the disclosures of transactions with the related parties as defined in the Accounting Standard are NIL.

11. During the year the Company has not written off preliminary expenses.

12. There were no enployees in respect of remuneration of Rs. 24 00 000/- or more per annum or Rs. 2 00 000/- or more per month, if employed for part of the year.

13. Additional information pursuant paragraphs 3, 4C and 4D of part II of schedule of VI of the companies Act, 1956 is not applicable to the Company.

14. Figures for the previous year are regrouped and rearranged, wherever necessary.

 
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