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Notes to Accounts of Computer Point Ltd.

Mar 31, 2015

1. 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. A. Jain : W. T Director

2. S. Mukherjee : 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.

2. The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current.




Mar 31, 2014

31.03.2014 31.03.2013

1. Capital Commitments : Rs. Nil Rs. Nil

2. Contingent Liability :

a. Interest on Loan from Financial Institution Rs. Nil Rs. Nil

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

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

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

2. There is no opening & closing stock in the Company during the year. So question of verification & valuation of the stock.

3. The Company has not provided gratuity on the basis of actuarial valuation as prescribed under the accounting standard and the guideline framed by the Institute of Chartered Accountants since in the opinion of the management no employee has not completed five years of services and/or qualified to receive.

In case of other traded items, considering the nature, scale and size of items it is not possible for us to determine the quantitative details for the same, whereas amount is added in the columns of Value shown in the above chart.

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

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. As per Accounting Standard 17, The Company operates solely in the Information Technology Solutions segment & hence no separate information for segment wise disclosure is required.

9. The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current.


Mar 31, 2013

1. There is no opening & closing stock in the Company during the year. So question of verification & valuation of the stock.

2. The Company has not provided gratuity on the basis of actuarial valuation as prescribed under the accounting standard and the guideline framed by the Institute of Chartered Accountants since in the opinion of the management no employee has not completed five years of services and/or qualified to receive.

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

In case of other traded items, considering the nature, scale and size of items it is not possible for us to determine the quantitative details for the same, whereas amount is added in the columns of Value shown in the above chart.

4. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31s 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. As per Accounting Standard 17, The Company operates solely in the Information Technology Solutions segment & hence no separate information for sejment wise disclosure is required.

a. Relatives of Key Management personnel:

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

9. The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current.


Mar 31, 2012

31.03.2012 31.03.2011

1. Capital Commitments : Rs.Nil Rs.Nil

2. Contingent Liability:

a. Interest on Loan from Financial institution

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

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

d. Estimated amount of Royalty, Payable Rs.Nil Rs.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 has not provided gratuity on the basis of actuarial valuation as prescribed under the '' accounting standard and the guideline framed by the Institute of Chartered Accountants since in the opinion of the management no employee has not completed five years of services and/or qualified to receive.

In case of other traded items, considering the nature, scale and size of items it is not possible for us to determine the quantitative details for the same, whereas amount is added in the columns of Value shown in the above chart.

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

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

7. 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.

8. 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.

9. Vehicle Loans from Banks are secured by way of hypothecation of the vehicles financed.

10. As per Accounting Standard 17, The Company operates solely in the Information Technology Solutions segment & hence no separate information for segment wise disclosure is required.

11. The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current.


Mar 31, 2010

31.03.2010 31.03.2009

1. Capital Commitments : Nil Nil

2. Contingent Liability:

a. Interest on Loan from Financial - - Institution

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 has not provided gratuity on the basis of actuarial valuation as prescribed under the accounting standard and the guideline framed by the Institute of Chartered Accountants since in the opinion of the management no employee has not completed five years of services and/or qualified to receive.

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

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

7. 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.

8. 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.

9. Vehicle Loans from Banks are secured by way of hypothecation of the vehicles financed.

10. As per Accounting Standard 17, The Company operates solely in the Information Technology Solutions segment & hence no separate information for segment wise disclosure is required.

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. Ms. S. Jain Managing Director

2. Mr. S. Mukherjee 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. The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current.

 
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