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IB Infotech Enterprises
BSE: 519463|ISIN: INE678B01021|SECTOR: Food Processing
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IB Infotech Enterprises is not listed on NSE
« Mar 12
Notes to Accounts Year End : Mar '13
1.  Estimated amount of capital commitments not provided for Rs. NIL
 (net of advance) Previous year Rs. NIL)
 
 2.  The Sales Tax Authority at Palakkad-Kerala has issued the sales tax
 assessment order for the year 1998-99 demanding Sales - Tax for Rs.
 1,74,766/- from the company. The Company is contesting the said order.
 
 3.  The Sales-Tax Authority at Agra has issued the sales tax assessment
 order demanding Sales-Tax of-Rs.44,261/- for the assessment year
 1997-98. The Company is contesting the said order.
 
 1.  SEGMENT REPORTING
 
 The Company has only one business viz, manufacturing of Coconut based
 products.  The Company is operating in one Geographical segment.
 Therefore, there is no need to give separate segment results.
 
 5.  DEFERRED TAX
 
 The Company provides for Deferred Tax using Liability method based on
 the tax effect of timing difference resulting from the recognition of
 items in the financial statement. Deferred Tax Assets are recognized
 only if reasonable possibility of adjustment is there.
 
 a) Earnings in Foreign Currency : NIL (Previous Year Rs. Nil
 
 b) Expenditure in Foreign Currency : NIL (Previous Year Rs. Nil)
 
 6.  Some of the Debit / Credit balances are subject to confirmations.
 
 7. Information under Clause 3 [i][a], 3[ii], 4-C, 4-D of Part-II of
 Schedule VI of the Companies Act, 1956.
 
 Since there is no manufacturing activities during the year and in
 previous year, no information as regards to the production, turnover
 consumption etc., are given.
 
 8.  Figures have been rounded off to the nearest rupees and the
 figures of the previous year have been re-grouped wherever necessary.
 
 9. The Company has not received any intimation from suppliers
 regarding their status under the Micro, Small and Medium Enterprises
 Development Act, 2006 and hence disclosures, if any, relating to
 amounts unpaid as at the year end together with interest paid/payable
 as required under the said Act have not been given.
Source : Dion Global Solutions Limited
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