1. The Company is engaged in the Information Technology Solutions
Services, which cannot be expressed in any generic unit. Hence it is
not possible to give quantitative details of sales and certain
information as required under paragraphs 3,4C and 4D of part II of
Schedule VI to the Companies Act, 1956.
2. Expenditure in Foreign Currency: Nil (Previous Year Nil)
3. In the opinion of the management, Current Assets, Loans and
advances are realizable at the values represented in accounts.
4. The balance of Sundry Debtors, Creditor, Loans and advances,
Deposits, etc are subject to confirmation.
5. As per the information available with the Company, there are no
small- scale industrial undertakings to whom an amount of Rupees one
lakh or more was outstanding for more than 30 days.
6. Related Party Disclosures :
A. Particulars of Related parties :
Sr. No. Name of Related Party Nature of Relationship
I IT People Pvt. Ltd. Associate Company - Share Holding
II Mr. Ketan Sheth Key Managerial Person
III Subsidiaries As under
IT Capital Services Pvt. Ltd. Wholly Owned Subsidiary
Universal Commodity Exchange Subsidiary
Orient Information Technology FZ LLC Wholly Owned Subsidiary
Orient Information Technology INC Wholly Owned Subsidiary
Orient Infotech Limited UK Wholly Owned Subsidiary
Information Technology People WLL Wholly Owned Subsidiary