The Equity Shareholders are entitled to receive dividend as and when declared, a right to vote in proportion to holding etc. and their rights, preferences and restrictions are governed by/in terms of their issue under the provisions of the Companies Act, 1956.

Axis Bank CC Limit (From Banks)

Primary Security : (Exclusive First hypothecation charge over current assets of the Company both present and future.) Collateral Security : (Exclusive First charge on machinery financed by AXIS Bank (IInd charge to SIDBI). Exclusive first charge over entire movable fixed assets of the Company both present and future. (Excluding Moveable fixed assets of Baddi unit charged to SIDBI).

Equitable Mortgage over factory land & building at C-53, 54, Sector-57, Noida in the name of Company. Equitable Mortgage over land & building at C-67, Sector-57, Noida in the name of Urethane Coaters Pvt. Ltd. Second Charge over Moveable / Immoveable fixed assets of Company's Baddi unit. (First Charge with SIDBI)

CASH CREDIT FROM BANKS (SECURED) : Personal Guarantee of Promotor Directors.

CORPORATE GUARANTEE : M/s. Urethane Coaters Pvt. Ltd.

2. Security

Secured Loan from banks (SIDBI)

First charge on all moveable assets, present and future at Baddi Location & first charge by way of equitable mortgage in favour of SIDBI of lease hold rights of all immovable properties of the Company unit situated at Plot No. 82, Jharmajri, EPIP, Phase-I, Baddi, Himachal Pradesh & Personal Guarantee of Directors. Unsecured Loan from banks (HDFC/ICICI/Mahindra & Mahindra Bank Ltd.)

3. Repayment

Loans should be repaid in 54 monthly equal installments for principal amount after a morotorium of six months from the date of disbursement of the loan, last installment due December 2015.

Please refer to NOTE-3 for repayment of loans.

4. CONTINGENT LIABILITIES:

Against letter of Credit of Rs. 146.94 Lacs (Previous Year 252.08 Lacs) from Axis Bank Ltd, Noida.

5. CAPITAL COMMITMENT:

Estimated amount of contracts on capital accounts Rs. 125.00 Lacs (Previous Year Rs. 87.77 Lacs) remaining to be executed, against which Rs. 113.98 Lacs (Previous Year Rs. 32.09 Lacs) have been paid as an advance.

6. In the opinion of the board of directors all current assets, loans & advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet and schedules thereof and all known liabilities relating to the year have been provided for.

7. Sundry Debtors, Sundry Creditors, Loans & advances and other advances are subject to confirmation from parties.

8. Employees Benefits:

The company follows Accounting Standard (AS 15) (Revised 2005) "Employee Benefits". The disclosure requires as per Revised AS 15 are as under:

9. Defined Benefit Plan :

The employee's gratuity managed by a trust is a defined benefit trust the present value of obligation is determined based on the actuarial valuation using the projected unit credit method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation for leave encashment is recognized in the manner as gratuity.

The company follows Accounting Standard (AS 15) (Revised 2005) "'Employee Benefits". The disclosure require as per the Revised As 15 are as under :

Policy (Noida Unit)

10. Disclosure of details pertaining to related party transactions entered into during the year in terms of Accounting Standard-18 "Related Party Disclosures".

List of related parties:

i) Companies in which directors are interested:

M/s AMC Coated Fabrics Pvt. Ltd., M/s. Suvij Foils Private Limited and M/s Dadra-Nagar Steel Pvt. Ltd.

Previous Year (M/s AMC Coated Fabrics Pvt. Ltd.and M/s. Suvij Foils Private Limited)

ii) Key Management Personnel:

Sh. S.K. Gupta, Sh. Rajeev Gupta

Previous Year: (Sh. S.K. Gupta, Sh. Rajeev Gupta)

iii) Details of transactions between company & the related parties during the year & the status of outstanding balance as on 31.03.2015.

Transactions during the year (In Rs.)

11. The Company has diversified its business, and went into a joint venture with a Real Estate Company (Krish Infrastructure Pvt. Ltd.) in the name of "Krish Icons" (Association of Person), to develop Flats and Residential Complex in Bhiwadi through a Memorandum of Understanding, dated February 5, 2013. Further the whole project will be developed and constructed by the Real Estate Company, wherein in the entire construction, developments and related cost shall be borne by Amco India Limited and Krish Infrastructure Pvt. Ltd. in 40:60 ratios respectively. As at end of the financial of the year the project is in progress.

12. There are no amounts due and outstanding to be credited to Investor Education and Protection Fund.

13. Disclosures required under section 22 of Micro, Small and Medium Enterprises Development Act, 2006.

The Company has compiled this information based on the current information in its possession. As at 31st March 2015, no supplier has intimated the Company about its status as a Micro or Small Enterprise or its registration with the appropriate authority under the Micro, Small and Medium Enterprises Development Act, 2006.

14. During the current financial year, the business of Bhiwadi unit has been closed, accordingly fixed asset including land has been sold and written off where the assets are not identifiable Profit/Loss on sale/write off of the asset has been charged to revenue account under the head "Asset written off".

15. The Previous Year's figures have been regrouped and/ or rearranged wherever considered necessary to make this Comparable with those of the current year.