Shell Infotech Ltd. के अकाउंट के लिये नोट

Mar 31, 2015

1. Right, Preferences and Restriction attached to shares

Equity shares

The company has only one class of Equity having a par value Rs. 10.00 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the shareholders in ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the Equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholding.

2. The SSI status of the creditors is not known to the Company; hence the information is not given.

3. Salaries includes directors remuneration on account of salary Rs. 94,000/- (Previous Year Rs. 158,000/-)

4. Trade receivables. Trade payables, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation.x

5. Loans and Advances are considered good in respect of which company does not hold any security other than the personal guarantee of persons.

6. Related Party disclosure

(A) Related Parties and their Relationship

(I) Key Management Personnel

1. Jagadeesha Kota Pai (Managing Director)

2. Suresh Ghewarchand Nahata (Director)

3. Bhanwarlal Motilal Jain (Director)

4. Harshad Kantibhai Savaliya (Director)

7. All assets and liabilities are presented as Current or Non-current as per criteria set out in Revised Schedule VI to the Company's Act, 1956 Notified by the Ministry of Corporate affairs vide Notification No. S0447(E) Dated 28th Feburary,2011 and S0653(E) Dated 30th March, 2011. Based on the nature of operation of the company and realization from the trade receivable, the company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of Current /Non-current classification of assets & liabilities.

---

Mar 31, 2014

1. a) During the year, the company has not issued any Equity Shares.

The holders at the equity shares are entitled to receive dividends as declared from time to time, and are entitled to rights proportionate to their share holding at the meetings of shareholders.

Following Shareholders hold equity shares more than 5% of the total equity shares of the Company and no other share holder of the Company holds more than 5 percent of the equity shares.

2. In the opinion of the Management current assets, loans and advances hace a value on realization in the ordinary course of business a, least equal to the amount a, which they are stated except where Indicated.

---

Mar 31, 2011

1. The company is engaged in the development of computer software, Data processing & consultancy. The software cannot be expressed in any generic unit. Hence, it is not possible to give the quantitative details of sales and the information as required under paragraph 3 and 4C of part II of the schedule VI of the Companies Act 195JS.

2. During the year the company has accounted for deferred tax in accordance with the Accounting standard AS22 "Accounting for Tax and income" issued by the Council of the Institute of Chartered Accountants of India. Deferred tax Liability amounting to Rs f 99708/- was at beginning of the year. Increase in Deferred Tax Liability for the current year amounting to Rs. 17024/- has been debited to profit & loss account.

Due to the difference in amount of depreciation provided by the management and depreciation as per rates prescribed in schedule XTV, the deferred tax charged to the Profit and Loss and Deferred Tax Liability are overstated by Rs.57217/-.

Deferred Tax liability is recognized and carried forward only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax liability can be adjusted.

3. Segment Reporting

The Company operates in the single business segment of "Single Segment Revenue" i.e I.T activities in domestic area only. Therefore, the Company is of the opinion that the disclosure requirement of Accounting Standards AS 17 issued by the Institute of Chartered Of India is not applicable to the company.

4. Disclosure in respect to related parties to Accounting Standards AS

(i) There are no related parties

(ii) During the year under review no transaction were carried out with the related party in the ordinary course of business.

5. Previous year figure wherever necessary have been regrouped, recast, rearranged, to confirm with those of the current year.

6. Contingent liability not provided for: Nil As per our report of even date.

---

Mar 31, 2010

1. The company is engaged in the development of computer computer software. Data processing & consultancy. The software cannot be expressed in any generic unit. Hence, it is not possible to give the quantitative details of sales and the information as required under paragraph 3 and 4C of part 11 of the schedule VI of the Companies Act 1956.

2. During The year the company has accounted for deferred tax in accordance with the Accounting standard AS22 "Accounting for Tax and income" issued by the Council of the Institute of Chartered Accountants of India. Deferred tax Liability amounting to Rs 438217/- was at beginning of the year. Decrease in Deferred Tax Liability for the current year amounting to Rs.5980/- has been crebited to profit & loss account.

Deferred Tax liability is recognized and carried forward only to the extent that there is reasonable certainty thai sufficient future taxable income will be available against which such deferred tax liability can be adjusted.

3. Segment Reporting

The Company operates in the single business segment of "Single Segment Revenue" i.e I.T activities in domestic area only. Therefore, the Company is of the opinion that the disclosure requirement of Accounting Standards AS 17 issued by the Institute of Chartered Of India is not applicable to the company.

4. Disclosure in respect to related parties to Accounting Standards AS 18

(i) There are no related parties

(ii) During the year under review no transaction were carried out with the related party in the ordinary course of business.

5. Previous year figure wherever necessary have been regrouped , recast. rearranged. to confirm with those of the current year.

6. Contingent liability not provided for : Nil