Mar 31, 2014
Note 1: Corporate Information
Crazy Infotech is a limited company incorporated in India under the
provision of the Companies Act, 1956 engaged in the sale of computers
and various computer accessories and components, provides Software
solutions, sells software products and is also involved in IT Education
and Training.
Note 2 - Additional information to the financial statements
a) Contingent Liabilities : Rs. NIL
b) Expenditure in Foreign Currencies: Rs. NIL
c) Earnings in Foreign Exchange: Rs. NIL
d) Disclosures required under Section 22 of the Micro, Small and Medium
Enterprises Development Act, 2006
The company does not have specific information regarding whether any of
its sundry creditors fall under the category of Micro, Small and Medium
Enterprises, as defined in the Micro, Small, Medium Enterprises
Development Act, 2006 (MSMED Act). Therefore, no additional information
as required under MSMED Act has been provided. However, the Company
continues to take efforts to obtain relevant information from its
Sundry Creditors in this regard.
e) Balance reflected under Debtors is subject to confirmation.
f) Previous year figures have been regrouped / reclassified wherever
necessary to correspond with the current year classification /
disclosure.
3. Deferred Tax:
During the year, the company has considered accounting for deferred tax
in accordance with the Accounting Standard - 22 "Accounting for taxes
on income" issued by the Institute of Chartered Accountants of India.
As at the year end date the company has a Net Deferred tax Asset of
Rs.5,96,077/- representing timing difference arising out of
depreciation for the current year.
Mar 31, 2013
Note 1 : Corporate Information
Crazy Infotech is a limited company incorporated in India under the
provision of the Companies Act, 1956 engaged in the sale of computers
and various computer accessories and components, provides Software
solutions, sells software products and is also involved in IT Education
and Training.
a) Contingent Liabilities : Rs. NIL
b) Expenditure in Foreign Currencies: Rs. NIL
c) Earnings in Foreign Exchange: Rs. NIL
d) Disclosures required under Section 22 of the Micro, Small and Medium
Enterprises Development Act, 2006
The company does not have specific information regarding whether any of
its sundry creditors fall under the category of Micro, Small and Medium
Enterprises, as defined in the Micro, Small, Medium Enterprises
Development Act, 2006 (MSMED Act). Therefore, no additional
information as required under MSMED Act has been provided. However, the
Company continues to take efforts to obtain relevant information from
its Sundry Creditors in this regard.
e) Balance reflected under Debtors, Creditors and Loans & Advances are
subject to confirmation.
b) Related Party Disclosures:
Key Management Personnel (KMP):
1) Mr. N. Aravind - Chairman
2) Mrs. A. Anitha  Whole time Director
3) Mr. T. Rajendran  independent Director
4) Mr. K. N. Anand  Chief Executive Officer 5.) Mr. Obula Reddy -
Company Secretary
6.) Mr. M. Senthil Kumar  Chief Technology Officer 7.) Mr. Ramesh
Rajan  HR Manager
Related Party:
Aanjaay Software Limited
f) Deferred Tax:
During the year, the company has considered accounting for deferred tax
in accordance with the Accounting Standard  22 ''''Accounting for taxes
on income'''' issued by the Institute of Chartered Accountants of India.
As at the year end date the company has a Net Deferred tax Asset of
Rs.6,94,890/- representing timing difference arising out of
depreciation for the current year.
g) Previous year figures have been regrouped / reclassified wherever
necessary to correspond with the current year classification /
disclosure.
Mar 31, 2012
Note 1: Corporate Information
Crazy Infotech is a limited company incorporated in India under the
provision of the Companies Act, 1956 engaged in the sale of computers
and various computer accessories and components, provides Software
solutions, sells software products and is also involved in IT Education
and Training.
Terms/Rights attached to equity shares
The company has only one class of equity shares. Each holder of equity
share entitled to one vote per share
Note 21 - Additional information to the financial statements
a) Contingent Liabilities: Rs. NIL
b) Expenditure in Foreign Currencies: Rs. NIL
c) Earnings in Foreign Exchange: Rs. NIL
d) Disclosures required under Section 22 of the Micro, Small and Medium
Enterprises Development Act, 2006
The company does not have specific information regarding whether any of
its sundry creditors fall under the category of Micro, Small and Medium
Enterprises, as defined in the Micro, Small, Medium Enterprises
Development Act, 2006 (MSMED Act). Therefore, no additional
information as required under MSMED Act has been provided. However,
the Company continues to take efforts to obtain relevant information
from its Sundry Creditors in this regard.
e) Balance reflected under Debtors, Creditors and Loans & Advances are
subject to confirmation.
b) Related Party Disclosures: Key Management Personnel (KMP):
1) Mr. N. Aravind - Chairman
2) Mrs. A. Anitha - Whole time Director
3) Mr. T. Rajendran - Independent Director
4) Mr. K. N. Anand - Chief Executive Officer
5) Mr. Obula Reddy - Company Secretary
6) Mr. M. Senthil Kumar - Chief Technology Officer
7) Mr. Ramesh Rajan - HR Manager
Related Party:
Aanjaay Software Limited
d) Deferred Tax:
During the year, the company has considered accounting for deferred tax
in accordance with the Accounting Standard - 22 ''Accounting for taxes
on income" issued by the Institute of Chartered Accountants of India.
As at the year end date the company has a Net Deferred tax Liability of
Rs.7,64,383/- representing timing difference arising out of
depreciation for the current year.
As a matter of prudence, the company has not considered this net
deferred tax asset in the books of account.
e) The schedule VI of Company's Act 1956, as amended, has become
effective from April 1, 2011, for the preparation of the financial
statements. Accordingly previous year figures have been regrouped /
reclassified wherever necessary to correspond with the current year
classification / disclosure.
Mar 31, 2010
1. Company Operations
The company is engaged in the sale ofcomputers and various computer
accessories and components, provides Software solutions, sells software
products and is also involved in IT Education and Training.
2. Expenditure in Foreign Currency: NIL
3. Earningsin Foreign Exchange (Realised): NIL
4. Related party disclosures:
Disclosures as required by the Accounting Standard 18 of the Institute
of Chartered Accountants of India are given below.
a)Key Management Personnel(KMP)
1) Mr.N.Aravind - Chairman
2) Mrs.A.Anitha - Whole time Director
3) Mr.R.Palaniswamy - Whole time Director
4) Mr.K.N.Anand - Chief Executive Officer
5) Mr.M.SenthilKumar - Chief Technology Officer
6) Mr.RameshRajan - HR Manager
b)List of Related Parties:
i)Enterprises in which the key management personnel/relatives are
interested:
Aanjaay Software Limited
5. The Company has not obtained actuarial valuation for providing for
gratuity liability in its books of account.
6. Balance reflected under Debtors, Creditors and Loans & Advances are
subject to confirmation. Necessary adjustment if any, will be made when
the accounts are reconciled and settled.
The company does not have specific information regarding whether any of
its sundry creditors fall under the category of Micro, Small and Medium
Enterprises, as defined in the Micro, Small, Medium Enterprises
Development Act, 2006 (MSMED Act). Therefore, no additional information
as required under MSMED Act has been provided. However, the Company
continues to take efforts to obtain relevant information from
its Sundry Creditors in this regard.
7. Figures of the previous years are regrouped / reclassified to
conform to the current year classifications.
Mar 31, 2009
1. Company Operations
The company is engaged in the sale of computers and various computer
accessories and components, provides Software solutions, sells software
products and is also involved in IT Education and Training.
2. Expenditure in Foreign Currency: NIL
3. Earnings in Foreign Exchange (Realised): NIL
4. Related party disclosures:
Disclosures as required by the Accounting Standard 18 of the Institute
of Chartered Accountants of India are given below.
a) Key Management Personnel (KMP)
1) Mr. N.Aravind-Chairman
2) Mr. GyanchandShadjia Director
3 Mrs. A. Anitha Whole time Director
4 Mr. R. Palaniswamy Director
5 Mr. K. N.Anand Chief Executive Officer
6) Mr. KShivaraj Chief Technology Officer
B) List of Related Parties:
i) Enterprises in which the key management personnel/relatives are
interested:
Aanjaay Software Limited
ii) Subsidiary Company
Animantz Creative Animators Private Limited (100% subsidiary)
5. The Company has not obtained actuarial valuation for providing for
gratuity liability in its books of account.
6. Balance reflected under Debtors, Creditors and Loans &Advances are
subject to confirmation. Necessary adjustment if any will be made when
the accounts are reconciled and settled.
The company does not have specific information regarding whether any of
its sundry creditors fall under the category of Micro, Small and Medium
Enterprises, as defined in the Micro, Small, Medium Enterprises
Development Act, 2006 (MSMED Act). Therefore, no additional information
as required under MSMED Act has been provided. However, the Company
continues to take efforts to obtain relevant information from its
Sundry Creditors in this regard.
7. Figures of the previous years are regrouped / reclassified to
conform to the currentyearclassifications.