| 1. Disclosures required under Section 22 of the Micro, Small and Medium
Enterprises Development Act, 2006
There is no Micro, small and Medium Enterprises to whom the company
owes dues, which are outstanding for more than 45 days as at 31st March
2015. This information is disclosed under the Micro, Small and Medium
Enterprises Development Act 2006 and has been determined to the extent
such parties have been identified on the basis of information called
for by the Company.
2. Employee benefit plans
a. Defined contribution plans
The Company makes Contribution of Provident Fund as per the provisions
of Employees' Provident Funds and Miscellaneous Act ,1952 to defined
contribution plans for qualifying employees. Under the Schemes, the
Company is required to contribute a specified percentage of the payroll
costs to fund the benefits. The Company recognised Rs. 50.37/- Lakhs
(Year ended 31 March, 2014 Rs. 50.05 /- Lakhs) for Provident Fund
contributions in the statement of profit & loss account.
b. Defined benefit plans
The Company offers the following employee benefit schemes to its
employees:
i. Gratuity
ii. Leave encashment
3. Disclosures under Accounting Standards
The company's operations relate to Telecom Infrastructure services and
Trading of Telecom Equipments and commodities.Accordingly ,revenues
represented along industries served constitute the primary basis of the
segmental information set out above. Revenues and expenses directly
attributable to segments are reported under each reportable segment.
Expenses which are not directly identifiable to each reportable segment
have been allocated on the basis of associated revenues of the segment
and manpower efforts. All other expenses which are not attributable or
allocable to segments have been disclosed as unallocable expenses.
Assets and Liabilities in the company's business are not identified to
any of the reportable segments ,as these are used interchangeably
between segments.Management believes that it is currently not
practicable to provide segment disclosures relating to total assets and
liabilities since the meaningful segregation of the available data is
onerous.
4. Nu Tek India Limited has been carrying on operations through site
offices all over India. The site office expenses have been incorporated
in the books of head office at Gurgaon.
5. Un -paid Dividend for the Financial year 2008-2009 of the amount
of Rs.98,175 is outstanding as on 31 March, 2015
6. Consolidated financial statements forming part of the accounts with
the Auditors report thereon are attached herewith.
7. Previous year's figures have been regrouped / reclassified wherever
necessary to correspond with the current year's classification /
disclosure.
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