అకౌంట్స్ గమనికలుOtco International Ltd.

Mar 31, 2025

Note 25 Contingent Liabilities & Commitments
Particulars	31-Mar-25	31-Mar-24
A.Contingent Liabilities
a) No Provision is considered necessary for disputed income tax, sales tax, service tax, excise duty and customs duty demands which are under Various stages of appeal proceedings as given below
i. Income tax Act , 1961	-	-
ii. Central Sales Tax Act,1956 & Local Sales Tax laws of various states	-	-
iii. Central Excise Act,1944	-	-
iv. Service Tax Act, 1994	-	-
In respect of the above demands disputed by the Company, appeals filed are pending before respective appellate authorities. Outflows, if any, arising out of these claims would depend on the outcome of the decision of the appellate authorities and the Company''s rights for furture appeals. No reimbursement expected.
B.Commitments :	-	-
Estimated amount of contracts remaining to be executed (net of advance) :	-	-
i. Towards Purchase of Assets	-	-
C.The company did not have any long term contracts and there were no losses on derivative contracts.
	-	-

Note 28 Financial Instruments

(i) Capital management

For the purpose of the Company''s capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company''s Capital management is to maximise the shareholder value

The Company''s objective when managing capital are to

• Safeguard their ability to continue as a going concern, so that they can continue to provide return for shareholders and benefits for other stakeholders and

• Maintain an optimal capital structure to reduce the weighted average cost of capital.

In order to maintain or adjust the capital structure, the Company may adjust the amount of dividend paid to shareholders, return capital to shareholders, issue new shares, or sell non-core assets to reduce the debt.

Note 29 Notes

a) There are no transactions with struck off companies under section 248 or 560

b) No charges or satisfaction is yet to be registered with Registrar of Companies beyond the statutory period.

c) Hnhe Company has complied with the no. of layers prescribed u/s 2(87) read with the applicable Rules

d) Hnhere is no Scheme of Arrangements that has been approved in terms of sections 230 to 237?

e) The company has not advanced/loaned/invested or received funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including

foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

f) There are no transactions that are not recorded in the books of account to be surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

g) The company is not covered under Corporate Social Responsibility as per section 135 of the Companies Act, 2013.

h) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

i) There are no proceedings against the company under the Benami Transactions (Prohibition) Act, 1988. to shareholders, return capital to shareholders, issue new shares, or sell non-core assets to reduce the debt.

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Mar 31, 2024

3.20 Provisions and contingencies

A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding retirement benefits) are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are disclosed in the Notes. Contingent assets are not recognised in the financial statements.

3.21 GST input credit

Service tax/GST input credit is accounted for in the books in the period in which the underlying service received is accounted and when there is reasonable certainty in availing / utilising the credits.

3.22 Operating Cycle

Based on the nature of products / activities of the Company and the normal time between acquisition of assets and their realisation in cash or cash equivalents, the Company has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as current and non-current.

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Mar 31, 2014

Not Available.

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Mar 31, 2013

AS -1 Segmental Reporting

Segmental Reporting has not been prepared in relation to the Company as the Company has only one major segment of Credit Information.

AS - 2 Earnings Per Share

Basic & Diluted Earnings Per Share for the Year under audit is Nil (Previous Year Rs. 0.00/- Per Share) AS - 22 Taxes On Income

Deferred Tax Liability has been provided & shown separately under Non Current Liabilities.

3. Figures for the previous year have been regrouped and/or re-arranged wherever necessary and have been rounded-off to the nearest rupee.

4. Confirmation of balances from parties has not been received till date.

5. Sundry Creditors do not include any amount due to small Scale Industrial Undertakings as at 31st March 2013.

6. There are no whole time directors. Managerial Remuneration paid to the non-whole time directors by way of sitting fees for the year is Nil as the Directors have waived off the fees payable to them.

(Previous year NIL)

7. Expenditure in Foreign Currency : Marketing Expenses : Nil (Previous Year Rs. Nil/-)

Business Promotion Expenses: Nil (Previous Year: Rs. Nil/-)

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Mar 31, 2010

1. Figures for the previous year have been regrouped and/or re-arranged wherever necessary and have been rounded-off to the nearest rupee.

2. Confirmation of balances from parties has not been received till date.

3. Sundry Creditors do not include any amount due to small Scale Industrial Undertakings as at 31st March 2008.

4. There are no whole time directors. Managerial Remuneration paid to the non-whole time directors by way of sitting fees for the year is Nil as the Directors have waived off the fees payable to them.

(Previous yearRs. 15,000/-)

5. Expenditure in Foreign Currency : Marketing Expenses : Nil (Previous Year Rs. Nil/-) Business Promotion Expenses: NIL (Previous Year: Rs. Nil/-)

6. The Bank Accounts opened for the payment of Dividend has been converted into Unclaimed Dividend Account. The Unclaimed Dividend at the year end is:

Final Dividend (00-01) Rs. 6,290/- Interim Dividend (01-02) Rs. 9,870/- Final Dividend (01-02) Rs. 12,570/-

These amounts are proposed to be transferred during the Current Financial Year.