SENSEX NIFTY India | Notes to Account > Computers - Software Medium & Small > Notes to Account from Intrasoft Technologies - BSE: 533181, NSE: ISFT

Intrasoft Technologies

BSE: 533181|NSE: ISFT|ISIN: INE566K01011|SECTOR: Computers - Software Medium & Small
Jan 20, 16:00
-2.6 (-0.67%)
VOLUME 4,081
Jan 20, 15:59
-2.1 (-0.54%)
VOLUME 6,422
« Mar 14
Notes to Accounts Year End : Mar '15
 Note 1:
 1. 1) The Company has only one class of shares referred to as equity
 shares having a par value of Rs. 10 Each holder of equity shares is
 entitled to one vote per share.
 1. 2) In the event of liquidation of the Company, the holders of equity
 shares will be entitled to receive any of the remaining assets of the
 company, after distribution of all preferential amounts. However, no
 such preferential amounts exist currently. The distribution will be in
 proportion to the number of equity shares held by the shareholders.
 1. 3) Disclosure regarding shares issued otherwise than in cash in last 5
 years are as follows :-
 9455724 Equity Shares of Rs. 10/- each fully paid up as Bonus by way of
 capitalization of General Reserve & Securities Premium Account.
 1. 4) The Company declares and pays dividends in Indian Rupees. In the
 current financial year 2014-15, the board has declared Interim Dividend
 @ 10% i.e. Rs. 1 per share amounting to Rs. 1,76,77,147 (NIL) including
 Dividend Tax of Rs. 29,45,469 (NIL) and recommended Final Dividend @
 10% i.e. Rs. 1 per share amounting to Rs. 1,77,30,753 (Rs. 1,72,35,327)
 including Dividend Tax of Rs. 29,99,075 (Rs. 25,03,649). The Final
 dividend proposed by the Board of Directors is subject to the approval
 of the shareholders in the ensuing Annual General Meeting.
 1.5) The Company had raised Rs. 5,365.00 lakhs through an IPO in March,
 2010. The amount raised from the said IPO was fully utilised as per the
 objects of the Issue and amendments there of.
 Note 2.
 2. 1) Nature of security:
 For Car Loan-Hypothecation of Motor Car For Loan Against Property-
 Charge created by way of mortgage of Land & Building
 2.2) Repayment of Term Loan:
 From Bank (Car Loan)- Rs. 4,54,784 (Rs. 11,58,517) by way of Equated
 Monthly Instalments (EMI).
 From Others (Car Loan)-Rs. 53,194 (Rs. 3,11,482) by way of Equated
 Monthly Instalments (EMI).
 From Others (Loan Against Property)-Rs. 2,07,29,153 (Rs. 2,25,55,262)
 by way of Equated Monthly Instalments (EMI).
 1) Advance Income Tax & TDS is net of Provisions of Rs. 9,17,41,736
 (Rs. 8,09,47,888)
 2) Minimum Alternative Tax (MAT) credit available to the company as per
 provision of section 115JAA of the Income Tax Act ,1961 Rs. 7,64,43,982
 (Rs. 6,56,50,134) has been recognised as MAT Credit Entitlement and
 carried forward for set off in future years.
 Note 3. Contingent Liabilities and Commitments
 Particulars                              As at                As at
                                   31st March, 2015     31st March, 2014
                                           Rs.                  Rs.
 a Contingent Liabilities
 1. Claims against the company
 not acknowledge as debt                    -                    -
 2. Guarantees                           1,25,000             1,25,000
 3. Other money for which the
 company is contingently liable             -                    -
 b Commitments
 1. Capital commitments                  9,83,542             2,48,000
 2. Uncalled liability on shares
 and other investments partly paid          -                    -
 3. Other commitment                         -                    -
 Note 4. Segment Reporting
 As per requirements of AS-17 of the Companies (Accounting Standard)
 Rules, 2006, no disclosure is required as the Company is operating in
 single business/geographical segment of Internet based delivery of
 Note 5. Disclosure of Related Party Transactions
 a) Names of related parties and nature of relationship where control
 i) Key Managerial Personnel and their relatives
 Mr. Arvind Kajaria                Managing Director
 Mr. Sharad Kajaria                Whole Time Director
 Mrs. Padma Kajaria                Mother of the above
 Mr. Rakesh Dhanuka                Company Secretary
 Mr. Mohit Kumar Jha               Chief Financial Officer
 ii) Subsidiary Company          Names                     Country of
 Wholly owned Subsidiary, Inc             USA
 Wholly owned Subsidiary     IntraSoft Ventures Pte.         Singapore
                             Ltd. (Formerly known as
                             123Greetings (Singapore)
                             Pte Ltd)
 Wholly owned Subsidiary     One Two Three Greetings           India
                             (India) Pvt Ltd
 Stepdown Subsidiary         123Stores, Inc                     USA
 iii) Enterprise where KMP have significant  IntraSoft Beneficiary Trust
 Influence or control
 Note 5. Previous year''s figures have been regrouped / reclassified
 wherever necessary to correspond with the current year''s
 Note 6. The Company has transactions with related parties. For the
 financial year ended March 31, 2014 the Company has obtained the
 Accountant''s Report from a Chartered Accountant as required by the
 relevant provisions of the Income-tax Act, 1961 and has filed the same
 with the tax authorities . For the year ended March 31,2015, Management
 confirms that it maintains documents as prescribed by the Income Tax
 Act, 1961 to prove that these transactions are at arm''s length and the
 aforesaid legislation will not have any impact on the financial
 statements, particularly on the amount of tax expense and that of
 provision for taxation.
Source : Dion Global Solutions Limited
Quick Links for intrasofttechnologies
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.