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Notes to Accounts of International Data Management Ltd.

Jun 30, 2015

1. The accumulated losses as on 30th June, 2015 have exceeded the paid up capital and Reserves of the company, Considering the future of the products in which company was dealing, the management is of the view that the provision of The Sick Industrial Companies (Special ProvisionsJAct, liffis are not applicable to the Company.

2. The company's accumulated losses as at 30m June, 201.5 far exceed its paid up capital and reserves as at that date, The Company's business operation has also thinned down due to paucity of working capital. Since the Director's are looking for right opportunity to explore the similar line of business of activity, the Directors consider that it is appropriate to prepare the financial statements on going concern basis.

3. No Confirmation has been received in respect of one intercorporate loan of Rs. 89,1 (),(100/- outstanding as at 30th June, 2015.

4. The Company has not provided interest on the inter corporate loans of Rs. 10,32,117,181/- as the lenders have agreed to waive the same except for one lender from whom no communication has been received.

5. Figure for current period are from 01/0 /2014 to 30/015/2015 and to that extent are not comparable with these for the previous year. Previous year's figure have been regrouped/rearrange to compare io current year's presentation.


Mar 31, 2014

1. Corporate information

International Data Management limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay stock exchange in India. The company''s primary line of business had been Manufacturing of Computers and related Peripherals.

2. Basis of preparation

The financial statements of the company have been prepared in accordance with the generally accepted ¦ accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared on an accrual basis and under the historical cost convention. Duty drawbacks and insurance claims are accounted for as and when admitted by the respective authorities.

3. Contingent Liabilities (Amount in Rs)

2014 2013

ESI Demand not acknowledged as debts* and to the extent not provided for 676,777 676,777

Less: Amount deposited and shown as recoverable 338,390 338,390

Balance 338,387 338,387

4. Sundry creditors due to Small Scale Industries as on 31st March 2014 is nil.

5. The accumulated losses as on 31st March, 2014 have exceeded die paid up capital and Reserves of the company. Considering the future of the products in which company was dealing, the management is of the view that me provision of The Sick Industrial Companies (Special Provisions)Act, 1985 are not applicable to the Company.

6 The company''s accumulated losses as at 31st March, 2014 far exceed its paid up capital and reserves as at that date. The Company''s business operation has also thinned down due to paucity of working capital. Since the Directors are looking for right opportunity to explore the similar line of business of activity, die Directors consider that it is appropriate to prepare the financial statements on going concern basis.

7. No Confirmation has been received in respect of one intercorporate loan of Rs. 89,10,000/- outstanding as at 31st March, 2014.

8. The Company has not provided interest on the inter corporate loans ofRs. 10,17,27,181/- as the lenders have agreed to waive the same except for one lender from whom no communication has been received.

9. Previous year''s figures have been regrouped/rearranged to conform to current year''s presentation.


Mar 31, 2013

1. Corporate information

International Data Management Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay stock exchange in India. The company''s primary line of business had been Manufacturing of Computers and related Peripherals.

2. Basis of preparation

The financial statements of the company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared on an accrual basis and under the historical cost convention. Duty drawbacks and insurance claims are accounted for as and when admitted by the respective authorities.

3. Contingent Liabilities

(Amount in Rs.)

2013 2012

ESI Demand not acknowledged as debts* and to the extent not provided for 676,777 676,777

Less: Amount deposited and shown as recoverable 338,390 338,390

Balance 338,387 338,387

4. Sundry creditors due to Small Scale Industries as on 31st March 2013 is nil.

5. The accumulated losses as on 31st March, 2013 have exceeded the paid up capital and Reserves of the company. Considering the future of the products in which company was dealing, the management is of the view that the provision of The Sick Industrial Companies (Special Provisions)Act, 1985 are not applicable to the Company.

6. The company''s accumulated losses as at 31st March, 2013 far exceed its paid up capital and reserves as at that date. The Company''s business operation has also thinned down due to paucity of working capital. Since the Directors are looking for right opportunity to explore the similar line of business of activity, the Directors consider that it is appropriate to prepare the financial statements on going concern basis.

7. No Confirmation has been received in respect of one intercorporate loan of Rs. 89,10,000/- outstanding as at 31st March, 2013.

8. The Company has not provided interest on the inter corporate loans of Rs. 9,83,12,181/- as the lenders have agreed to waive the same except for one lender from whom no communication has been received.

9. Previous year''s figures have been regrouped/rearranged to conform to current year''s presentation.


Mar 31, 2012

1. Corporate information

International Data Management Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay stock exchange in India. The company's primary line of business had been Manufacturing of Computers and related Peripherals.

2. Basis of preparation

The financial statements of the company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared on an accrual basis and under the historical cost convention.

Duty drawbacks and insurance claims are accounted for as and when admitted by the respective authorities. The accounting policies adopted in the preparation of financial statements are consistent with those of previous year, except for the change in accounting policy explained below.

a. Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors if any, is subject to approval of the shareholders in ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of the equity shares will be entered to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders

*HCL Corporation Private Limited was formerly known as Guddu Investments (Pondi) Private Limited

As per records of the company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares

3. Contingent Liabilities (Amount in Rs.)

2012 2011

ESI Demand not acknowledged as debts* and to the extent not provided for 676,777 676,777

Less: Amount deposited and shown as recoverable 338,390 338 390

Balance 338,387 338,387

4. Sundry creditors due to Small Scale Industries as on 31st March 2012 is nil.

5. The accumulated losses as on 31st March, 2012 have exceeded the paid up capital and Reserves of the company. Considering the future of the products in which company was dealing, the management is of the view that the provision of The Sick Industrial Companies (Special Provisions) Act, 1985 are not applicable to the Company.

6. The company's accumulated losses as at 31st March, 2012 far exceed its paid up capital and reserves as at that date. The Company's business operation has also thinned down due to paucity of working capital. Since the Director's are looking for right opportunity to explore the similar line of business of activity, the Directors consider that it is appropriate to prepare the financial statements on going concern basis.

7. No Confirmation has been received in respect of one intercorporate loan of Rs. 89,10,000/- outstanding as at 31st March, 2012.

8. The Company has not provided interest on the inter corporate loans of Rs. 9,83,12,181/- as the lenders have agreed to waive the same except for one lender from whom no communication has been received.

9. Previous year's figures have been regrouped/rearranged to conform to current year's presentation.


Mar 31, 2011

1. The amounts due from ex-directors Rs. nil/- (Previous year Rs 1,30,923/-) included under Advances recoverable in cash or kind represent the excess Managerial remuneration paid to the ex-directors for the period 1st October 1988 to 31st March, 1989 that requires the approval of the Central Government and in respect of which an application made is pending.

2. The accumulated losses as on 31st March, 2011 have exceeded the paid up capital and Reserves of the company. Considering the future of the products in which company was dealing, the management is of the view that the provision of The Sick Industrial Companies (Special Provisions) Act, 1985 are not applicable to the Company.

3. Depreciation has been provided on straight line basis:

(i) In respect of assets acquired prior to 2nd May, 1987 in accordance with the provisions of section 205 (2) (b) of the Companies Act, 1956, and the Circular No. 1/86- CLV No.15 (50) 84-CL, VI dated 21.5.1986 issued by the Department of Company Affairs.

(ii) In respect of assets acquired after 1" May, 1987, in accordance with the rates prescribed in Schedule XIV to the Companies Act, 1956.

4. No Confirmation has been received in respect of one intercorporate loan of Rs 89,10,000/- outstanding as at 31st March, 2011.

5. The Company has not provided interest on the inter corporate loans of Rs 9,83,12,181/- as the lenders have agreed to waive the same except for one lender from whom no communication has been received.

6. Deferred tax assets as per AS-22 has not been recognised and carried forward in view of absence of reasonable certainty about the sufficient future taxable income.

7. Sundry creditors due to Small Scale Industries as on 31st March 2011 is nil.

8. The Company's accumulated loss as at 31st March,2011 far exceeds its paid up capital and reserves as at that date. The Company's business operations have also thinned down due to paucity of working capital. Since the Directors are looking for right opportunity to explore the similar line of business activity, the Directors consider that it is appropriate to prepare the financial statements on a going concern basis.

9. Contigent Liabilities:

ESI Demand not acknowledged on debt and to the extent not Provided for Rs. 676777/-

Less : Amount deposited and shown as recoverable Rs. 338390/-

Balance Rs. 338387/-

10. Disclosure of related parties/ related party transactions:

A) Associates HCL Corporation Ltd.

B) Key management personnel

Mr. Neelesh Agarwal, Director Mr. P. S. Ravishankar, Director Mr. Suresh Chand Sharma, Director Ms. Chitra Saluja, Company Secretary

11. Previous year's figures have been regrouped/rearranged wherever necessary to conform to current year's presentation.


Mar 31, 2010

1. The amounts due from ex-directors Rs. 1,30,923/- (Previous year Rs 1,30,923/-) included under Advances recoverable in cash or kind represent the excess Managerial remuneration paid to the ex-directors for the period 1st October 1988 to 31st March, 1989 that requires the approval of the Central Government and in respect of which an application made is pending.

2. The accumulated losses as on 31 st March, 2010 have exceeded the paid up capital and Reserves of the company. Considering the future of the products in which company was dealing, the management is of the view that the provision of The Sick Industrial Companies (Special Provisions)Act, 1985 are not applicable to the Company.

i. Depreciation has been provided on straight line basis:

(i) In respect of assets acquired prior to 2nd May, 1987 in accordance with the provisions of section 205 (2) (b) of the Companies Act, 1956, and the Circular No. 1/86- CLV No. 15 (50) 84-CL, VI dated 21.5.1986 issued by the Department of Company Affairs.

(ii) In respect of assets acquired after 1st May, 1987, in accordance with the rates prescribed in Schedule XIV to the Companies Act, 1956.

3. No Confirmation has been received in respect of one intercorporate loan of Rs. 89,10,000/- outstanding as at 31st March, 2010.

4. The Company has not provided interest on the inter- corporate loans of Rs. 9,83,12,181/- as the lenders have agreed to waive the same except for one lender from whom no communication has been received.

5. Deferred tax assets as per AS-22 has not been recognised and carried forward in view of absence of reasonable certainty about the sufficient future taxable income.

6. Sundry creditors due to Small Scale Industries as on 31st March 2010 is nil.

7. The Companys accumulated loss as at 31 st March,2010 far exceeds its paid up capital and reserves as at that date. The Companys business operations have also thinned down due to paucity of working capital. Since the Directors arc looking for right opportunity to explore the similar line of business activity, the Directors consider mat it is appropriate to prepare the financial statements on a going concern basis.

8. Contigent Liabilities:

ESI Demand not acknowledged on debt and to the extent not provided for : Rs. 6,76,777/

Less : Amount deposited and shown as recoverable : Rs. 3.38.390/-

Balance : Rs. 3.38.387/

9. Disclosure of related parties/ related party transactions:

A) Associates : HCL Corporation Ltd.

B) Key management personnel

: Mr. Neelesh Agarwal, Director

: Mr. P. S. Ravishankar, Director

: Mr. Suresh Chand Sharma, Director

: Ms. Chitra Saluja, Company Secretary

10. Previous years figures have been regrouped/rearranged wherever necessary to conform to current years presentation.

 
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