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Notes to Accounts of BLS Infotech Ltd.

Mar 31, 2015

31.03.2015 31.03.2014

1. Capital Commitments : Nil Nil

2. Contingent Liability :

a. Interest on Loan from Financial Institution Nil Nil

b. If demand by Income Tax (Pending Appeal) Nil Nil

c. Guarantees given by Company (if any) Nil Nil

d. Estimated amount of Royalty, Payable Nil Nil in Future year (if any)

1. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

2. The Company makes annual contributions to the Employee's Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

3. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder: -

31.03.2015 31.03 2014 Items Particulars Qty. Value Qty. Value (In Nos.) (In Lacs.) (In Nos.) (In Lacs.)

Computer & Opening Stock 0 0 0 0 Peripherals

Purchases 955 1396.10 1235 1562.13

Sales 955 1477.23 1235 1673.60

Closing Stock 0 0 0 0

4. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2015.

5. No creditor of the Company has informed the company of their status being SSI Units.

6. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

7. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

8. Earnings per share are computed in accordance with Accounting Standard-20 issued by the Institute of Chartered Accountants of India.

31.03.2015 31.03.2014

(Rs In Lacs) (Rs In Lacs)

a) Profit after Tax as per Accounts 0.19 0.22

b) Weighted Average of Shares

Outstanding during the period 43,76,94,813 43,76,94,813

c) Earnings Per Share 0.00 0.00

11. (a) Earning in Foreign Exchange Nil Nil

(b) Expenditure in Foreign Currency Nil Nil

9. The remuneration paid to the Whole Time Director during the year is Rs. 2.40 Lacs (P.Y. Rs.2.00 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

10. Related Party Disclosures as required by Accounting Standard (AS-18) issued by the Institute of Chartered Accountants of India, are given below:

A. Particulars of Related Parties :

Subsidiary Companies : NIL

Associate Companies : NIL

Enterprises in which key Management personnel have significant influence : NIL

B. Key Management Personnel:

1. Mr. T. Chowdhury : W.T. Director

2. Mr. Vivek Kumar : Chief Financial Officer

C. Relatives of Key Management personnel:

During the year the company does not entered into any transaction with the key relative of the Management personnel.

11. Previous figures have been regrouped / rearranged wherever considered necessary.


Mar 31, 2014

31.03.2014 31.03.2013

1. Capital Commitments: Nil Nil

2. Contingent Liability:

a. Interest on Loan from Financial Institution. Nil Nil

b. If demand by Income Tax (Pending Appeal) Nil Nil

c. Guarantees given by Company (if any) Nil Nil

d. Estimated amount of Royalty, Payable Nil Nil in Future year (if any)

3. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

4. The Company makes annual contributions to the Employee''s Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

5. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder: -

6. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2014.

7. No creditor of the Company has informed the company of their status being SSI Units.

8. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

9. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

10. Earnings per share are computed in accordance with Accounting Standard-20 issued by the Institute of Chartered Accountants of India.

11. The remuneration paid to the Managing Director during the period is Rs. 2.00 Lacs (P.Y. Rs. 3.00 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

12. Related Party Disclosures as required by Accounting Standard (AS-18) issued by the Institute of Chartered Accountants of India, are given below:

B. Key Management Personnel:

1 Mr. Sushil KSaraogi: Managing Director

2. Mr. Vivek Kumar : Chief Financial Officer

C. Relatives of Key Management personnel:

During the year the company does not entered into any transaction with the key relative of the Managemen personnel.

13. Previous figures have been regrouped / rearranged wherever considered necessary.


Mar 31, 2013

1. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

2. The Company makes annual contributions to the Employee''s Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

3. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder: -

4. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2013.

5. No creditor of the Company has informed the company of their status being SSI Units.

6. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

7. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

8. The remuneration paid to the Managing Director during the period is Rs. 3.00 Lacs (P.Y. Rs.3.00 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

9. Previous figures have been regrouped / rearranged wherever considered necessary.


Mar 31, 2012

31.03.2012 31.03.2011

1. Capital Commitments: Nil Nil

2. Contingent Liability:

a. Interest on Loan from Financial Institution Nil Nil

b. If demand by IncoVne Tax (Pending Appeal) Nil Nil

c. Guarantees given by Company (if any) Nil Nil

d. Estimated amount of Royalty, Payable Nil Nil in Future year (if any)

3. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

4. The Company makes annual contributions to the Employee''s Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

5. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder

6. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2012.

7. No creditor of the Company has informed the company of their status being SSI Units.

8. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

9. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

10. The remuneration paid to the Managing Director during the period is Rs.3.00 Lacs (RY. Rs.3.00 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

11. Previous figures have been regrouped / rearranged wherever considered necessary.


Mar 31, 2010

31.03.2010 31.03.2009

1. Capital Commitments: Nil Nil

2. Contingent Liability:

a. Interest on Loan from Financial Institution Nil Nil

b. If demand by Income Tax (Pending Appeal) Nil Nil

c. Guarantees given by Company (if any) Nil Nil

d. Estimated amount of Royalty, Payable Nil Nil in Future year (if any)

3. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

4. The Company makes annual contributions to the Employees Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

5. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder:-

6. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2010.

7. No creditor of the Company has informed the company of their status being SSI Units.

8. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

9. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

10. The remuneration paid to the Managing Director during the period is Rs.3.60 Lacs (P.Y. Rs.3.60 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

11. Related Party Disclosures as required by Accounting Standard (AS-18) issued by the Institute of Chartered Accountants of India, are given below :

A. Particulars of Related Parties :

Subsidiary Companies : NIL

Associate Companies : NIL

Enterprises in which key Management personnel have significant influence : NIL

B. Key Management Personnel :

1. Mr. Sushil K Saraogi Chairman cum Managing Director

2. Mr. Vivek Kumar : Chief Financial Officer C. Relatives of Key Management personnel:

During the year the company does not entered any transaction with the key relative of the Management personnel.

12. Previous figures have been regrouped / rearranged wherever considered necessary.

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