| The Company has only one class of equity shares at par value of Rs. 1
/- per share. Each holder of Equity shares is entitles to one vote per
share. In the event of liquidation, the holders of equity shares will
be entitled to receive remaining assets of the Company, after
distribution of all preferential amounts. The distribution will be in
proportion to the number of Equity shares held by the share holders. r
Balances of Sundry Creditors, Sundry Debtors, Advances, Deposits,
Secured and Unsecured Loans are as per the book and subject to
confirmation and reconciliation ' from respective parties.
In the opinion of the Board of Directors Current Assets, Loans and
Advances are approximately of the same value if realized in the
ordinary course of business. The provisions for all known liabilities
are adequate and not in excess of the amount reasonably necessary.
(1) There are no amounts due to be credited to Investor Education and
Protection Fund.
(2) Earning in Foreign Exchange at F.O.B. Value: Rs. Nil (Rs. Nil).
(3) Expenses in Foreign Currency at CIF Value: Rs. Nil (Rs. Nil).
(4) Value of Imports on CIF basis accounted for during the year: Rs.
Nil (Rs. Nil).
(5) The Company has not received any intimation from suppliers
regarding their status under Micro, Small & Medium Enterprises
Development act, 2006 and hence disclosures, if any, relating to
amounts unpaid as at year end together with interest paid/payable as
required under the said Act have not been give.
(6) The figures for the previous year have been rearranged and
regrouped wherever necessary so as to confirm to the current year
classification.
(7) The Company has terminated the Land Agreement worth Rs. 30 crores
on account of deficiency in title deeds and is in deliberation of
purchase of intangible asset i;e. data base for Rs. 300,000,000/-by
executing MOU, the modalities and legal requirements of which will be
completed in the year 2014-15.
1) Segment Information
The company is primarily engaged in a single segment business of
providing Information Technology related services.
2) Leases
Land subject to operating leases is included under Fixed Assets. Rent
(Lease) payment is recognized in the profit & loss account on a payment
basis over the lease term.
13) CENVAT Treatment
a) Revenue from operations and Cost of Materials Consumed are inclusive
of Excise Duty Levied. The excise duty paid net of CENVAT claimed is
accounted separately.
b) Unutilized balance of CENVAT claimable at the yearend has been
accounted and disclosed separately under the head "Short Term Loans and
Advances" and the CENVAT component at the yearend inventories has been
adjusted accordingly.
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