Notes to Accounts of Amco India Ltd.

Mar 31, 2024

N) PROVISIONS AND CONTINGENT LIABILITIES:

Provisions are recognized when the Company has a present obligation as a result of past events, for
which it is probable that an outflow of resources embodying economics benefits will be required to
settle the obligation, and a reliable estimate can be made. When the Company expects a provision to
be reimbursed, the reimbursement is recognized as a separate asset but only when reimbursement is
virtually certain.

A disclosure for contingent liabilities is made where there is a possible obligation or a present obligation
that may probably will not, require an outflow of resources. When there is a possible or a present
obligation the likelihood of outflow of resources is remote, no provision or disclosure is made.

O) FINANCIAL INSTRUMENTS

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial
liability or equity instrument of another entity.

I. Financial Assets

a. Initial recognition and measurement:

All financial assets are recognized initially at fair value plus, in the case of financial assets
not recorded at fair value through profit or loss, transaction costs that are attributable to the
acquisition of the financial asset. Purchases or sales of financial assets that require delivery
of assets within a time frame established by regulation or convention in the market place
[regular way trades] are recognized on the settlement date, trade date, i.e., the date that the
Company settle commits to purchase or sell the asset.

b. Subsequent measurement:

For purposes of subsequent measurement, financial assets are classified in four categories:

i. Debt instruments at amortized cost:

A ‘debt instrument'' is measured at the amortized cost if both the following conditions are
met:

- The asset is held with an objective of collecting contractual cash flows

- Contractual terms of the asset give rise on specified dates to cash flows that
are “solely payments of principal and interest” [SPPI] on the principal amount
outstanding.

After initial measurement, such financial assets are subsequently measured at amortized
cost using the effective interest rate [EIR] method. Amortized cost is calculated by
taking into account any discount or premium on acquisition and fees or costs that are
an integral part of the EIR. The EIR amortization is included in finance income in the
Statement of Profit and Loss. The losses arising from impairment are recognized in the
profit or loss. This category generally applies to trade and other receivables.

ii. Debt instruments at fair value through other comprehensive income [FVTOCI]:

A ‘debt instrument'' is classified as at the FVTOCI if both of the following criteria are met:

- The asset is held with objective of both - for collecting contractual cash flows and
selling the financial assets

- The asset''s contractual cash flows represent SPPI.

Debt instruments included within the FVTOCI category are measured initially as well as
at each reporting date at fair value. Fair value movements are recognized in the other
comprehensive income [OCI]. However, the Company recognizes interest income,
impairment losses & reversals and foreign exchange gain or loss in the Statement
of Profit and Loss. On derecognition of the asset, cumulative gain or loss previously
recognized in OCI is reclassified from the equity to Statement of Profit and Loss.
Interest earned whilst holding FVTOCI debt instrument is reported as interest income
using the EIR method.

iii. Debt instruments, derivatives and equity instruments at fair value through profit
or loss [FVTPL]:

FVTPL is a residual category for debt instruments. Any debt instrument, which does not
meet the criteria for categorization as at amortized cost or as FVTOCI, is classified as
at FVTPL. Debt instruments included within the FVTPL category are measured at fair
value with all changes recognized in the P&L.

iv. Equity instruments measured at fair value through other comprehensive income
[FVTOCI]:

All equity investments in scope of Ind AS 109 are measured at fair value. Equity
instruments which are held for trading and contingent consideration recognized by
an acquirer in a business combination to which Ind AS103 applies are classified as
at FVTPL. For all other equity instruments, the Company may make an irrevocable
election to present in other comprehensive income subsequent changes in the fair
value. The Company has made such election on an instrument by- by instrument basis.
The classification is made on initial recognition and is irrevocable. If the Company
decides to classify an equity instrument as at FVTOCI, then all fair value changes on
the instrument, excluding dividends, are recognized in the OCI. There is no recycling
of the amounts from OCI to Statement of Profit and Loss, even on sale of investment.
However, the Company may transfer the cumulative gain or loss within equity. Equity
instruments included within the FVTPL category are measured at fair value with all
changes recognized in the Statement of Profit and Loss.

c. Derecognition:

A financial asset is primarily derecognized when:

i. The Company has transferred its rights to receive cash flows from the asset or has
assumed an obligation to pay the received cash flows in full without material delay
to a third party under a ‘pass-through'' arrangement; and either [a] the Company has
transferred substantially all the risks and rewards of the asset, or [b] the Company has
neither transferred nor retained substantially all the risks and rewards of the asset, but
has transferred control of the asset.

ii. the Company has transferred its rights to receive cash flows from an asset or has
entered into a pass-through arrangement, it evaluates if and to what extent it has
retained the risks and rewards of ownership.

d. Impairment of financial assets:

In accordance with Ind AS 109, the Company applies expected credit loss [ECL] model for
measurement and recognition of impairment loss on the following financial assets and credit
risk exposure:

a. Financial assets that are debt instruments, and are measured at amortised cost e.g.,
loans, deposits, trade receivables and bank balance

b. Trade receivables or any contractual right to receive cash

c. Financial assets that are debt instruments and are measured as at FVTOCI

d. Lease receivables under Ind AS 17

e. Financial guarantee contracts which are not measured as at FVTPL

The Company follows ‘simplified approach'' for recognition of impairment loss allowance
on Point c and d provided above. The application of simplified approach requires the
company to recognize the impairment loss allowance based on lifetime ECLs at each
reporting date, right from its initial recognition. For recognition of impairment loss on other
financial assets and risk exposure, the Company determines that whether there has been a
significant increase in the credit risk since initial recognition. If credit risk has not increased
significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has
increased significantly, lifetime ECL is used. If, in a subsequent period, credit quality of the
instrument improves such that there is no longer a significant increase in credit risk since
initial recognition, then the entity reverts to recognizing impairment loss allowance based on
12-month ECL.

Lifetime ECL are the expected credit losses resulting from all possible default events over
the expected life of a financial instrument. The 12-month ECL is a portion of the lifetime ECL
which results from default events that are possible within 12 months after the reporting date.
ECL is the difference between all contractual cash flows that are due to the Company in
accordance with the contract and all the cash flows that the entity expects to receive [i.e., all
cash shortfalls], discounted at the original EIR.

As a practical expedient, the Company uses a provision matrix to determine impairment loss
allowance on portfolio of its trade receivables. The provision matrix is based on its historically
observed default rates over the expected life of the trade receivables and is adjusted for
forward-looking estimates. At every reporting date, the historical observed default rates are
updated and changes in the forward-looking estimates are analyzed.

ECL impairment loss allowance [or reversal] recognized during the period is recognized
as income/ expense in the statement of profit and loss. The balance sheet presentation for
various financial instruments is described below:

a. Financial assets measured as at amortized cost, contractual revenue receivables
and lease receivables: ECL is presented as an allowance which reduces the net
carrying amount. Until the asset meets write-off criteria, the Company does not reduce
impairment allowance from the gross carrying amount.

b. Debt instruments measured at FVTOCI: Since financial assets are already reflected
at fair value, impairment allowance is not further reduced from its value. Rather, ECL
amount is presented as ‘accumulated impairment amount'' in the OCI.

II. Financial liabilities:

a. Initial recognition and measurement:

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value
through profit or loss, loans and borrowings, payables, or as derivatives designated as
hedging instruments in an effective hedge, as appropriate. All financial liabilities are
recognized initially at fair value and, in the case of loans and borrowings and payables, net
of directly attributable transaction costs.

b. Subsequent measurement:

The measurement of financial liabilities depends on their classification, as described below:

i. Financial liabilities at fair value through profit or loss:

Financial liabilities at fair value through profit or loss include financial liabilities held for
trading and financial liabilities designated upon initial recognition as at fair value through
profit or loss. This category also includes derivative financial instruments entered into
by the Company that are not designated as hedging instruments in hedge relationships
as defined by Ind AS 109. Separated embedded derivatives are also classified as
held for trading unless they are designated as effective hedging instruments. Gains or
losses on liabilities held for trading are recognized in the profit or loss.

Financial liabilities designated upon initial recognition at fair value through profit or loss
are designated as such at the initial date of recognition, and only if the criteria in Ind AS
109 are satisfied for liabilities designated as FVTPL, fair value gains/ losses attributable
to changes in own credit risk are recognized in OCI. These gains/ losses are not
subsequently transferred to P&L. However, the Company may transfer the cumulative
gain or loss within equity. All other changes in fair value of such liability are recognized
in the statement of profit or loss. The Company has not designated any financial liability
as at fair value through profit and loss.

ii. Loans and borrowings:

After initial recognition, interest-bearing loans and borrowings are subsequently
measured at amortized cost using the EIR method. Gains and losses are recognized
in profit or loss when the liabilities are derecognized as well as through the EIR
amortization process. Amortized cost is calculated by taking into account any discount
or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR
amortization is included as finance costs in the statement of profit and loss.

iii. Financial guarantee contracts:

Financial guarantee contracts issued by the Company are those contracts that require
a payment to be made to reimburse the holder for a loss it incurs because the specified
debtor fails to make a payment when due in accordance with the terms of a debt
instrument. Financial guarantee contracts are recognized initially as a liability at fair
value, adjusted for transaction costs that are directly attributable to the issuance of the
guarantee. Subsequently, the liability is measured at the higher of the amount of loss

allowance determined as per impairment requirements of Ind AS 109 and the amount
recognized less cumulative amortization.

c. Derecognition:

A financial liability is derecognized when the obligation under the liability is discharged
or cancelled or expires. When an existing financial liability is replaced by another from
the same lender on substantially different terms, or the terms of an existing liability are
substantially modified, such an exchange or modification is treated as the derecognition
of the original liability and the recognition of a new liability. The difference in the respective
carrying amounts is recognized in the statement of profit or loss.

P. Reclassification of financial assets:

The Company determines classification of financial assets and liabilities on initial recognition. After initial
recognition, no reclassification is made for financial assets which are equity instruments and financial
liabilities. For financial assets which are debt instruments, a reclassification is made only if there is a
change in the business model for managing those assets. Changes to the business model are expected
to be infrequent. If the Company reclassifies financial assets, it applies the reclassification prospectively
from the reclassification date which is the first day of the immediately next reporting period following
the change in business model. The Company does not restate any previously recognized gains, losses
[including impairment gains or losses] or interest.

Q. Offsetting of financial instruments:

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if
there is a currently enforceable legal right to offset the recognized amounts and there is an intention to
settle on a net basis, to realize the assets and settle the liabilities simultaneously.

R. Fair Value Measurement

The Company measures financial instruments, such as, derivatives at fair value at each balance sheet
date. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date. The fair value measurement
is based on the presumption that the transaction to sell the asset or transfer the liability takes place
either:

a. In the principal market for the asset or liability, or

b. In the absence of a principal market, in the most advantageous market for the asset or liability

The principal or the most advantageous market must be accessible by the Company. The Company
uses valuation techniques that are appropriate in the circumstances and for which sufficient data are
available to measure fair value, maximizing the use of relevant observable inputs and minimizing the
use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are
categorized within the fair value hierarchy, described as follows, based on the lowest level input that is
significant to the fair value measurement as a whole:

Level 1 — Quoted [unadjusted] market prices in active markets for identical assets or liabilities

Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value
measurement is directly or indirectly observable

Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value
measurement is unobservable

33 - FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Company''s financial risk management is an integral part of how to plan and execute its business
strategies. The company''s financial risk management policy is set by the Managing Board.

Market Risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change
in the price of a financial instrument. The value of a financial instrument may change as a result of changes in
the interest rates, foreign currency exchange rates, equity prices and other market changes that affect market
risk sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments including
investments and deposits, foreign currency receivables, payables and loan borrowings.

The Company manages market risk through a treasury department, which evaluates and exercises independent
control over the entire process of market risk management. The treasury department recommends risk
management objectives and policies, which are approved by Senior Management and the Audit Committee.
The activities of this department include management of cash resources, implementing hedging strategies
for foreign currency exposures, borrowing strategies, and ensuring compliance with market risk limits and
policies.

Interest rate risk

Interest rate risk is the risk that fair value or future cash flows of a financial instrument will fluctuate because
of changes in market interest rates. In order to optimize the company''s position with regards to the interest
income and interest expenses and to manage the interest rate risk, treasury performs a comprehensive
corporate interest rate risk management by balancing the proportion of fixed rate and floating rate financial
instruments in its total portfolio.

The company is not exposed to significant interest rate risk as at the specified reporting date.

Foreign currency risk

The Company operates locally, however, the nature of its operations requires it to transact in several currencies
and consequently the Company is exposed to foreign exchange risk in various foreign currencies.

The Company evaluates exchange rate exposure arising from foreign currency transactions and the Company
follows established risk management policies.

I. Foreign Currency Exposure

Refer other notes for foreign currency exposure as at March 31,2024, March 31,2023 respectively.

II. Foreign Currency Sensitivity

1% increase or decrease in foreign exchange rates will have the following impact on the profit before
tax

Credit risk

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed.
To manage this, the Company periodically assesses the financial reliability of customers, taking into account
the financial condition, current economic trends, and analysis of historical bad debts and ageing of accounts
receivable. Individual risk limits are set accordingly.

The Company considers the probability of default upon initial recognition of asset and whether there has been
a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether
there is significant increase in credit risk the company compares the risk of a default occurring on the asset
at the reporting date with the risk of default as the date of initial recognition. It considers reasonable and
supportive forwarding-looking information such as:

(i) Actual or expected significant adverse changes in business,

(ii) Actual or expected significant changes in the operating results of the counterparty.

(iii) Financial or economic conditions that are expected to cause a significant change to the counterparty''s
ability to mere its obligation,

(iv) Significant increase in credit risk on other financial instruments of the same counterparty.

(v) Significant changes in the value of the collateral supporting the obligation or in the quality of third-party
guarantees or credit enhancements.

Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing
to engage in a repayment plan with the Company. The Company categorises a loan or receivable for write off
when a debtor fails to make contractual payments greater than 2 years past due. Where loans or receivables
have been written off, the Company continues to engage in enforcement activity to attempt to recover the
receivable due. Where recoveries are made, these are recognised in profit or loss.

Liquidity risk

Liquidity Risk is defined as the risk that the company will not be able to settle or meet its obligations on time
or at reasonable price. The company''s treasury department is responsible for liquidity, funding as well as
settlement management. In addition, processes and policies related to such risks are overseen by senior
management. Management monitors the company''s net liquidity position through rolling forecast on the basis
of expected cash flows.

Maturity profile of financial liabilities

The table below provides details regarding the remaining contractual maturities of financial liabilities at the
reporting date based on contractual undiscounted payments.

Capital management

For the purposes of the Company''s capital management, capital includes issued capital and all other equity
reserves. The primary objective of the Company''s Capital Management is to maximise shareholder value.
The company manages its capital structure and makes adjustments in the light of changes in economic
environment and the requirement of the financial covenants.

(b) Defined benefit plans

- Gratuity

-Compensated absences - Earned leave

In accordance with Indian Accounting Standard 19, actuarial valuation was done in respect of the
aforesaid defined benefit plans based on the following assumptions-

Economic Assumptions

The discount rate and salary increases assumed are the key financial assumptions and should be
considered together; it is the difference or ‘gap'' between these rates which is more important than the
individual rates in isolation.

Discount Rate

The discounting rate is based on the gross redemption yield on medium to long term risk free
investments. The estimated term of the benefits/obligations works out to zero years. For the current
valuation a discount rate of 7.09% p.a. (Previous Year 7.29 % p.a.) compound has been used.

Salary Escalation Rate

The salary escalation rate usually consists of at least three components, viz. regular increments, price
inflation and promotional increases. In addition to this any commitments by the management regarding
future salary increases and the Company''s philosophy towards employee remuneration are also to be
taken into account. Again a long-term view as to trend in salary increase rates has to be taken rather
than be guided by the escalation rates experienced in the immediate past, if they have been influenced
by unusual factors.

1. Contingent Liabilities:

Against letter of Credit of INR 6988.80 Thousands in FY 2023-24 (Previous Year INR 4675.5 Thousands)
from Axis Bank Ltd, Noida. During the year ended 31st March 2024, the company has received an intimation
informing fine pursuant towards certain regulatory requirements under SOP- Reg 23(9)/33/17(1)/18(1)/19(1
)/19(2) aggregating to INR 20594.54 Thousands. The company has represented the matter before BSE and
hopeful of closure of the said intimation without material impact on the company.

2. Capital Commitment:

There is no estimated amount of contracts on capital accounts for FY 2023-24 (Previous year INR 3658.00
Thousands) remaining to be executed, against which no amount (Previous Year INR 300.00 Thousands) have
been paid as an advance.

3. Operating Lease:

The company''s significant leasing arrangements are in respect of operating leases for office premises. The
future minimum lease payments under non-cancelable operating leases in respect of the office premises,
payable as per rentals stated in the agreement as follows:

8. Disclosure of details pertaining to related party transactions entered into during the year in terms of Indian
Accounting Standard-24 “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 Pvt. Limited, M/s. Urethane Coaters Pvt. Ltd.

Previous year (M/s. AMC Coated Fabrics Pvt. Ltd., M/s. Suvij Foils Pvt. Limited, M/s. Urethane Coaters
Pvt. Ltd.

10. 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.

11. There are no amounts due and outstanding to be credited to Investor Education and protection Fund.

12. Disclosures required under section 22 of the 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 2024, 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.

13. Ratio Analysis

In accordance with the reporting requirements of Schedule III to the Companies Act 2013 as amended from
time to time, the company is presenting the below ratios:

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

As per our report of even date attached

For V. V Kale & Co., For and on behalf of the Board of Directors

Chartered Accountants
FRN: 000897N

Sd/- sd/- sd/-

Vijay V. Kale Rajeev Gupta Vidhu Gupta

Partner Managing Director Director

M. No.: 080821 DIN: 00025410 DIN: 00026934

Add: C 53-54, Sector-57, Add: C 53-54,Sector-57

Date: 30.05.2024 Noida, U.P. 201301 Noida,U.P.201301

Place: Noida, U.P.

sd/- sd/-

Rhea Gupta Priyanka Beniwal

Chief Financial Officer Company Secretary

PAN: BPLPG8328G M. No.: A40461

Add: C 53-54, Sector-57, Add: C 53-54, Sector-57

Noida, U.P. 201301 Noida, U.P. 201301

Date: 30.05.2024
Place: Noida, U.P.

---

Mar 31, 2015

1. Rights, Preferences and restrictions in respect of Equity Shares of the Company

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.

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Mar 31, 2014

1. CONTINGENT LIABILITIES:

Against letter of Credit of Rs. 252.08 Lacs (Previous Year 225.68 Lacs) from Axis Bank Ltd, Noida.

2. CAPITAL COMMITMENT:

Estimated amount of contracts on capital accounts Rs.87.77 Lacs (Previous Year Rs. 98.52 Lacs) remaining to be executed, against which Rs. 32.09 Lacs (Previous Year Rs. 31.32 Lacs) have been paid as an advance.

3. OPERATING LEASE:

The company''s significant leasing arrangements are in respect of operating leases for office premises. The future minimum lease payments under non-cancelable operating leases in respect of the office premises, payable as per rentals stated in the agreement as follows:

4. 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.

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

6. Employees Benefits:

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

7. 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 :

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

List of related parties:

i) Companies in which directors are interested:

M/s AMC Coated Fabrics Pvt. Ltd., M/s Urethane Coaters Pvt. Ltd., 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, Sh. S.R.Pahwa, Sh. Anil Bhargava, & Sh. S.C. Goyal)

9. The Company has diversified its business, and entered 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.

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

11. 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 2014, 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.

12. 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".

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

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Mar 31, 2013

1. CONTINGENT LIABILITIES:

Against letter of Credit of Rs. 225.68 Lacs (Previous Year 519.83 Lacs) from Axis Bank Ltd, Noida.

2. Estimated amount of contracts on capital accounts Rs.98.52 Lacs (Previous Year Rs. 3.33 Lacs) remaining to be executed, against which Rs. 31.32 Lacs (Previous Year Rs. 3.33 Lacs) have been paid as an advance.

3. OPERATING LEASE:

The company''s significant leasing arrangements are in respect of operating leases for office premises. The future minimum lease payments under non-cancelable operating leases in respect of the office premises, payable as per rentals stated in the agreement as follows:

4. 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.

5. Legal & Professional charges include Statutory Audit fee of Rs. 2,52,810/-. (Previous Year Rs. 2,48,175/-).

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

7. Employees Benefits:

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

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

a) List of related parties:

i) M/s AMC Coated Fabrics Pvt. Ltd., M/s Urethane Coaters Pvt. Ltd.

ii) Key Management Personnel: Sh. S.K. Gupta, Sh. Rajeev Gupta, Sh. S.C. Goyal, Sh. Anil Bhargava & Sh. S.R.Pahwa

b) Details of transactions between company & the related parties during the year & the status of outstanding balance as on 31.03.2013

9. The Company has diversified its business, and entered 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.

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

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

Business Segment : The business operations of the company comprise PVC Film, Aluminum Foil and Non Woven. This business segregation forms the basis for review of operational performance by the management.

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Mar 31, 2012

1. Contingent Liabilities: Against letter of Credit of Rs. 519.83 Lacs from Axis Bank Ltd, Noida and NIL from Canara Bank, Noida (Previous Year Rs. 478.80 Lacs from Axis Bank Ltd, Noida and Rs. 125.63 Lacs from Canara Bank, New Delhi).

2. Estimated amount of contracts on capital accounts Rs.3.33 Lacs (Previous Year Rs. 19.00 lacs) remaining to be executed, against which Rs.3.33 Lacs (Previous Year Rs. 19.00 lacs) have been paid as an advance.

3. OPERATING LEASE:

The company''s significant leasing arrangements are in respect of operating leases for office premises. The future minimum _ lease payments under non-cancelable operating leases in respect of the office premises, payable as per rentals stated in the agreement as follows:

4. 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.

5. Legal & Professional charges include Statutory Audit fee of Rs. 2,25,000/-. (Previous Year Rs. 2,48,175/-).

(B) Defined Benefit Plan:

The employee''s gratuity fund scheme managed by a trust is a defined benefit plan. 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.

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

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

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

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Mar 31, 2011

1. Contingent Liabilities: Against letter of Credit of Rs. 478.80 Lacks from Axis Bank Ltd, Noida and Rs. 125.63 Lacks from Canara Bank, Noida (Previous Year Rs. 115.40 lacks from Axis Bank Ltd, Noida and Rs. 113.08 Lacks from Canara Bank, Noida).

2. Estimated amount of contracts on capital accounts Rs.50.59 Lacks (Previous Year Rs. 263.83 lacks) remaining to be executed, against which Rs.34.40 Lacks (Previous Year Rs. 30.53 lacks) have been paid as an advance.

3. OPERATING LEASE:

The company's significant leasing arrangements are in respect of operating leases for office premises. The future minimum lease payments under non-cancelable operating leases in respect of the office premises, payable as per rentals stated in the agreement as follows:

4. 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.

5. Legal & Professional charges include Statutory Audit fee of Rs. 2,48,175/-. (Previous Year Rs. 220,600/-).

6. Employees Benefits:

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

The above plans are state plans and the company has no obligation to pay future benefits and its only obligation is to pay contribution as they fall due.

(B) Defined Benefit Plan The employee's gratuity fund scheme managed by a trust is a defined benefit plan. 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:

7. Disclosures relating to amounts payable as at the year end together with interest paid/payable to Micro, Small and Medium Enterprises Development Act, 2006 to the extent of information available with the company determined on the basis of intimation received from suppliers regarding their status and the required disclosure are given below:

Note: The Company has followed Section-II of Part-II of Schedule XIII of the Companies Act, 1956 for payment of remuneration to directors in the absence or inadequacy of profits.

8. Disclosure of details pertaining to related party transactions entered into during the year in terms of Accounting Standared-18 "Related Party Disclosures” issued by ICAI:

a) List of related parties:

i) M/s AMC Coated Fabrics Pvt. Ltd., M/s Urethane Coaters Pvt. Ltd.

ii) Key Management Personnel: Sh. S.K. Gupta, Sh. Rajeev Gupta, Sh. S.C. Goyal, Sh. Anil Bhargava, and Sh. S.R. Pahwa.

* Figures in bracket are belongs to previous year.

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

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

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Mar 31, 2010

1. Contingent Liabilities: Against letter of Credit of Rs. 115.40 Lacks from Axis Bank Ltd.,Noida and Rs.113.08 Lacks from Canara Bank, Noida (Previous Year Rs. 200.00 lacks from Axis Bank Ltd.,Noida & Rs. 123 lacks from Canana Bank, Noida).

2. Estimated amount of contracts on capital accounts Rs. 263.83 Lacks (Prev.Year Rs. 335.75 lacks) remaining to be executed, against which Rs. 30.53 Lacks (Previous Year Rs. 113.67 lacks) have been paid as an advance.

3. Employees Benefits:

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

The above plans are state plans and the company has no obligation to pay future benefits and its only obligation is to pay contribution as they fail due.

(B) Defined Benefit Plan:

The employees gratuity fund scheme managed by a trust is a defined benefit plan. 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:

4. 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 year have been provided for.

5. Legal & Professional charges include Statutory Audit fee of Rs. 220,6607- & Rs. 7604/- for audit expenses. (Previous Year Rs. 209,570/-).

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

7. Disclosures relating to amounts payable as at the year end together with interest paid/payable to Micro, Small and Medium Enterprises Development Act, 2006 to the extent of information available with the company determined on the basis of intimation received from suppliers regarding their status and the required disclosure are given below:

8. REMUNERATIONTO MANAGING DIRECTOR AND EXECUTIVE DIRECTORS

9. COMPUTATION OF NET PROFIT IN ACCORDANCEWITH SECTION 198 READWITH SEC-349 OFTHE COMPANIES ACT, 1956.

Note: The Company has followed Section-I I of Part-ll of Schedule XIII of the Companies Act, 1956 for payment of remuneration to directors in the absence or inadequacy of profits.

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

a) List of related parties:

i) M/s AMC Coated Fabrics Pvt. Ltd., M/s Urethane Cdaters Pvt. Ltd.

ii) Key Management Personnel: Sh. S.K. Gupta, Sh. Rajeev Gupta, Sh. S.C. Goyal, Sh. Anil Bhargava Sh.S.R.Pahwa, Sh. S. B. Singh and Mr. S. P. Dhingra.

b) Details of transactions between company & the related parties during the year & the status of outstanding balance as Figures in bracket belongs to previous year.

11. Basic / Diluted Earning Per Share has been calculated by dividing net profit after taxation for the year as per accounts, which is attributable to equity shareholders by number of equity shares outstanding at the end of the year.

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

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

Note:

Business Segment: The business operations of the company compries PVC Film.Aluminium Foil and Non Woven. This business segregation forms the basis for review of operational performance by the management.

NOIDA UNIT: PVC Films / Sheeting Textile Fabrics Lam. to PVC Sheeting ( CCF), Non Woven Fabrics Lam.

BHIWADI UNIT : Aluminium Foils, Non Woven Fabrics Lam.

BADDI UNIT : Aluminium Foils

Information pursuant to paragraph 40 of part II of Schedule VI of the Companies Act, 1956. a) Value of import calculated on C.I.F. basis during the Financial year in respect of

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Mar 31, 2000

1) Contingent Liabilities not provided for:

a) Estimated amount of contracts remaining to be executed on capital account not provided for Rs. 47,09,695/- ( Previous Year Rs. 7,76,445/-against which Rs. 13,73,149/- have been paid as an advance.

b) A sum of Rs. 23.19 Lacs (Pr. year Rs. 23.19 Lacs) paid to RIICO towards the purchase of one sick Industrial unit at the cost of Rs. 92 lacs, and the possession of unit has been taken by the company but the company wants to repudiate the contract due to undetermined Excise Liability.

2. In the opinion of the board of directors all current assets, loans & advances have a value on realisation 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 well known liabilities relating to the year have been provided for.

3. Loans from I.D.B.I., P.I.C.U.P. & U.P.F.C. are secured against the fixed assets and personal guarantees of the directors.

4. No T.D.S. has been deducted on finance charges component in the instalments paid during the year against purchases of fixed assets on Hire Purchase Systems from finance companies, since post dated cheques for instalments including finance charges are given in advance as per general practice in trade.

5. The unsecured loan of Rs. 60,00,000/- taken from M/s Amco Finance Ltd. which is under the same manage- ment as defined in sub section (1-B) of the Section 370 of the Companies Act, 1956 is free of interest. (Previous Year Rs. 60,00,000/-)

6. Sundry Debtors includes Rs. 7,36,241/- over six months considered doubtful of recovery due from various parties (Previous Year Rs.1,18,882.00) However Directors are pursuing for its recovery. No provision for the same has been made.

7. The maximum amount due during the year from M/s AMC Coated Fabrics Ltd., which is under the same man- agement as defined in sub section (1-B) of section 370 of the Companies Act, 1956, is Rs. 6,44,926/-(Previous Year Rs. 3,19,800/-.)

8. Legal & Professional charges include audit fee of Rs. 63,000/- (Previous Year Rs. 52,500/-).

9. Sundry Debtors, Sundry Creditors, Loan and Advances and other advances are subject to confirmation from parties.