Notes to Accounts of Integrated Financial Services Ltd.

Mar 31, 2015

1.1 Contingent Liabilities

Contingent Liabilities outstanding as on 31.03.2015 are Nil

1.2 Current Assets

In the opinion of the Board of Directors the realizable values of "Current Assets, Loans & Advances" in the ordinary course of business is at least equal to the amount stated in the Balance Sheet.

1.3 There is no employee in the company who is covered under the provisions of Section 197(12) of the Companies Act 2013 and Rules thereon.

1.4 In accordance with 'Accounting Standard 22', the Company has recognized a deferred tax asset of Rs. 68/- for the year 31st March, 2015 as a charge to the Profit & Loss Account.

1.5 Related Parties Disclosures

A. Key Management Personnel, their relatives and their enterprises where transactions have taken place

1. Mrs. Rajni Khaneja - Director

2. Sh. S.C. Khaneja - Director

3. Sh. Virender Khaneja - Director

4. Mrs. Rachna Batra - Director

5. Mr. Sunil Sobti - Director

6. Mr. Suraj Prakash Oberoi - Director

7. Mr. Kunal Khaneja - Director

B. Other Related Parties

Integrated Master Securities (P) Limited and Integrated Commodity Trades (P) Ltd.

(Related party relationship on the basis of requirements of Accounting Standard 18 (AS-18) is identified by the company and relied upon by the Auditors).

1.6 Basic and Diluted Earning Per Share

Earning per share pursuant to Accounting Standard (AS-20) 'Earning per share' issued by the Institute of Chartered Accountants of India.

1.7 Previous years figures have been re-grouped/ rearranged wherever considered necessary.

1.8 Additional Information pursuant to Schedule II of the Companies Act, 2013 is annexed.

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Mar 31, 2014

1. Contingent Liabilities

Contingent Liabilities outstanding as on 31.03.2014 are Nil

2. Current Assets

In the opinion of the Board of Directors the realizable values of "Current Assets, Loans & Advances" in the ordinary course of business is at least equal to the amount stated in the Balance Sheet.

3. There is no employee in the company who is covered under the provisions of Section 217(2A)ofthe Companies Act, 1956.

4. Previous years figures have been re-grouped/ rearranged wherever considered necessary.

5. Additional Information pursuant to Part IV of Schedule VI of the Companies Act, 1956 is annexed.

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Mar 31, 2013

1.1 Contingent Liabilities

Contingent Liabilities outstanding as oo 31.03.2Q13 ana Nil

Current Assets

In the opinion Of the Board Of Directors the realizable vatues Of ''Cument Assets.. Loans a Advances" in the ordinary course of business is flt least equal to the amount stated in the Balance Sheet.

1.2 There kS no employee ip Ihe company V*l*0 is covered under the provisions ol Section 21?(2A) of ihe- Companies Act, 1956.

1.3 to accordance with ''Accounting Standard 22'', the Company has recognized a deferred lax asset of Rs. 723B/- for the year 31st March, 2013 as a charge Co Lha Profit & Loss Account.

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Mar 31, 2012

1.1 Related Parties Disclosures

A. Key Management Personnel, their relatives and their enterprises where transactions have taken place

1. Mrs. Rajni Khaneja - Director

2. Sh. S. C. Khaneja - Director

3. Sh. Virender Khaneja - Director

4. Mrs. Rachna Batra - Director

5. Mr. Sunil Sobti - Director

6. Mr. Surya Prakash Oberoi - Director

7. S. C. Khaneja & Son (HUF)

B. Other Related Parties

(Related party relationship on the basis of requirement of Accounting Standard 18 (AS-18) is identified by the company and relied upon by the Auditors).

1.2 Previous year’s figures have been re-grouped/rearranged wherever considered necessary.

1.3 Additional Information pursuant to Part IV of Schedule VI of the Companies Act, 1956 is amended.

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Mar 31, 2010

(a) Contingent Liabilities

Contingent Liabilities outstanding as on 31.3.2010 are Nil

(b) Current Assets

In the opinion of the Board of Directors the realisable values of "Current Assets, Loans & Advances" in the ordinary course of business is at least equal to the amount stated in the balance sheet.

(c) There is no employee in the company who is covered under the provisions of Section 217(2A) of the Companies Act, 1956.

(d) In accordance with Accounting Standard 22, the Company has recognized a deferred tax asset of Rs. 27917/- for the year 31" March, 2010 as a charge to the Profit & Loss Account.

(e) Related Parties Disclosures

A Key Management Personnel, their relatives and their enterprises where transactions have taken place

1. Mrs. Rajni Khaneja - Director

2. Sh. S.C. Khaneja - Director

3. Sh. Virender Khaneja - Director

4. Mrs. Rachna Batra - Director

5. Mr. Sunil Sobti - Director

6. Mr. Surya Prakash Oberoi - Director

7. S.C. Khaneja & Son (HUF)

B. Other Related Parties

Integrated Master Securities (P) Limited

(related party relationship on the basis of requirements of Accounting Standard 18 (AS-18) is identified by the company and relied upon by the Auditors).

c) Previous years figures have been re-grouped/ rearranged wherever considered necessary.

(i) Additional Information pursuant to Part IV of Schedule VI of the Companies Act, 1956 is annexed.