Home  »  Company  »  Firstobject Technolo  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Firstobject Technologies Ltd.

Mar 31, 2015

I. Figures have been rounded off to the nearest rupee.

i. All figures are in Rupees. Paise have been rounded to nearest Rupee.

iii. Previous year figures are regrouped and rearranged wherever necessary.

iv. In the opinion of the management all current assets including loans and advances would in the normal course of business be realized to the value stated.

1. Quantitative details :

The company is engaged in the business of development of Software and Software Products which includes E- education content. The production and sale of Software is not capable of being expressed in any generic unit. Hence it is not possible to give the quantitative details of such sale and the information required under the relevant provisions of the Companies Act, 2013.

2. Foreign Currency Transactions :

The Company has earned a Foreign Exchange of Rs. 277,669,035 (Previous Year - Rs 452,319,558) during the year. The Company has incurred an expenditure of Rs. 227,711,850 (Previous Year - Rs. 432,884,775)

3. Segments :

The Company is engaged primarily in the business of Software Development IT/ITES, E-education software and accordingly there are no separate reportable segments as per Accounting Standard - AS 17 - Segment Reporting issued by ICAI.

4. Provisions :

Depreciation as per Companies Act : Rs. 31,994,643

Depreciation as per Income Tax Act : Rs. 18,025,558

Timing Difference : Rs. (13,969,085)

Provision for Deferred Tax : Rs. (4,532,968)

5. Earnings per Share :

Basic and Diluted Earnings per share is calculated by dividing the net profit attributable to the ordinary shareholders by the weighted average number of ordinary shares outstanding during the year and shown in the Profit and loss account.

6. Audit Fees for the year is Rs. 125,000 and Previous year Rs. 125,000.

7. 'Related Party' Disclosures as per Accounting Standard 18 :

1. Nature of related party and its relationship: There are no related party transactions during the year.

2. Nature and Volume of transactions carried out with the above related parties in the ordinary course of business for the year ended 31st March 2015.

Sr. No Particulars Related Party

1 Salaries & Other Amenities Nil


Mar 31, 2014

I. Figures have been rounded off to the nearest rupee.

ii. Notes 1 to 18 consists of forming part of Balance Sheet and Profit and Loss account.

iii. All figures are in Rupees. Paise have been rounded to nearest Rupee.

iv Previous year figures are regrouped and rearranged wherever necessary.

v In the opinion of the management all current assets including loans and advances would in the normal course of business be realized to the value stated.

1. Quantitative details :

The company is engaged in the business of development of Software and Software Products which includes E- education content. The production and sale of Software is not capable of being expressed in any generic unit. Hence it is not possible to give the quantitative details of such sale and the information required under paragraphs 3, 4C of Part II of Schedule VI of the Companies Act, 1956.

2. Foreign Currency Transactions :

The Company has earned a Foreign Exchange of Rs. 452,319,558 (Previous Year - Rs 634,823,714) during the year. The Company has incurred an expenditure of Rs. 432,884,775 (Previous Year - Rs. 524,847,024)

3. Segments :

The Company is engaged primarily in the business of Software Development IT/ITES, E-education software and accordingly there are no separate reportable segments as per Accounting Standard - AS 17 - Segment Reporting issued by ICAI.

4. Earnings per Share :

Basic and Diluted Earnings per share is calculated by dividing the net profit attributable to the ordinary shareholders by the weighted average number of ordinary shares outstanding during the year and shown in the Profit and loss account.

5. Audit Fees for the year is Rs. 125,000 and Previous year Rs. 125,000.


Mar 31, 2013

I. Figures have been rounded off to the nearest rupee.

ii. Notes 1 to 16 consists of forming part of Balance Sheet and Profit and Loss account.

iii. All figures are in Rupees. Paise have been rounded to nearest Rupee.

iv. Previous year figures are regrouped and rearranged wherever necessary.

v. In the opinion of the management all current assets including loans and advances would in the normal course of business be realized to the value stated.

1. Quantitative details :

The company is engaged in the business of development of Software and Software Products which includes E- education content. The production and sale of Software is not capable of being expressed in any generic unit. Hence it is not possible to give the quantitative details of such sale and the information required under paragraphs 3, 4C of Part II of Schedule VI of the Companies Act, 1956.

2. Foreign Currency Transactions :

The Company has earned a Foreign Exchange of Rs . 642,212,501 (Previous Year - Rs 637,250,001) during the year. The Company has incurred an expenditure of Rs. 524,847,024 (Previous Year – Rs. 510,868,701)

3. Segments :

The Company is engaged primarily in the business of Software Development IT/ITES, E-education software and accordingly there are no separate reportable segm ents as per Accounting Standard - AS 17 - Segment Reporting issued by ICAI.

4. Provisions :

Depreciation as per Companies Act : Rs. 70,364,640

Depreciation as per Income Tax Act : Rs. 69,307,532

Timing Difference : Rs. (1,057,108)

Provision for Deferred Tax : Rs. (343,032)

5. Earnings per Share :

Basic and Diluted Earnings per share is calculated by dividing the net profit attributable to the ordinary shareholders by the weighted average number of ordinary shares outstanding during the year and shown in the Profit and loss account.

6. Audit Fees for the year is Rs. 125,000 and Previous year Rs. 125,000.

7. ''Related Party'' Disclosures as per Accounting Standard 18 :

1. Nature of related party and its relationship: There are no related party transactions during the year.

2. Nature and Volum e of transactions carried out with the above related parties in the ordinary course of bus iness for the year ended 31st March, 2013.


Mar 31, 2011

1. Nature of related party and its relationship: There are no related party transactions during the year.

2. Nature and Volume of transactions carried out with the above related parties in the ordinary course of business for the year ended 31st March 2011.

S no Particulars Related Party

1 Salaries & Other Amenities Nil

The company has successfully completed divesture of its stake in its 51% held subsidiary Tractel Solutions Inc during the year ended 31st March 2011. (Previous Year Nil)


Mar 31, 2010

1. Figures have been rounded off to the nearest rupee.

2. Schedule 1 to 10 consist of forming part of Balance Sheet and Profit and Loss account.

3. All figures are in Rupees. Paise have been rounded to nearest Rupee.

4. Previous year figures are regrouped and rearranged wherever necessary.

5. In the opinion of the management all current assets including loans and advances would in the normal course of business be realized to the value stated.

6. Quantitative details

The company is engaged in the business of development of Software Products. The production and sale of Software is not capable of being expressed in any generic unit. Hence it is not possible to give the quantitative details of such sale and the information required under paragraphs 3,4C of Part II of Schedule VI of the Companies Act, 1956.

7. The Company has earned a Foreign Exchange of Rs. 243,673,768 (Previous Year: Rs 16,66,32,344) during the year. The company has incurred an Expenditure of Rs.185,124,324 (Previous Year Rs.138,123,943)

8. The Company is engaged primarily in the business of software development, but during the current financial, year the company did only data entry works and accordingly there are no separate reportable segments as per Accounting Standard - AS 17 - Segment Reporting issued by ICAI.

9. Earnings per Share (AS-20)

Basic and Diluted Earnings per share is calculated by dividing the net profit attributable to the ordinary shareholders by the weighted average number of ordinary shares outstanding during the year and shown in the Profit and Loss account.

10. Audit Fees for the year is Rs 48,879 (Statutory Audit Rs 30,000, Tax Audit Rs 10,000 and Service Tax Rs8,879) and Previous year Rs 33,708 (Statutory Audit Rs 20,000, Tax Audit Rs 10000 and Service Tax Rs 3,708).

 
Subscribe now to get personal finance updates in your inbox!