| 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.
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