Mar 31, 2014
A) Other Disclosures
Related Parties
As per Accounting Standard 18, issued by the Institute of Chartered
Accountants of India, the disclosure of transaction with the related
parties are given below:
b) Earnings Per Share:
Earning per share is calculated by dividing the profit attributable to
the equity shareholders by the number of equity shares outstanding
during the year.
c) The company is engaged in the development of computer software. The
production and sale of such software cannot be expressed in any generic
unit. Hence it is not possible to give the quantitative details of sale
and information as required under paragraphs 3, 4C and 4D of Part II of
Schedule VI to the Companies Act, 1956.
d) Diminution in value of investments: The Company holds investments in
Private Companies and their share value couldn''t be ascertained, hence
no Diminution in value of investments is provided for in the Books.
e) Confirmation of balances is respect of certain Debtors, Creditors,
HSBC Current A/c & Loans & Advances are not made available. If there be
any changes this will have an impact on the Balance Sheet figures.
f) No Provision for taxation has been made as the company had incurred
losses.
g) Previous Year''s figures have been regrouped or restated wherever
necessary to confirm to the current year''s presentation.
Mar 31, 2013
A) Contingent Liabilities - NIL
b) Expenditure in Foreign Currency  NIL
c) CIF Value of imports  Capital Goods  NIL
d) The company is engaged in the development of computer software. The
production and sale of such software cannot be expressed in any generic
unit. Hence it is not possible to give the quantitative details of
sale and information as required under paragraphs 3, 4C and 4D of Part
II of Schedule VI to the Companies Act, 1956.
e) Diminution in value of investments: The Company holds investments in
Private Companies and their share value couldn''t be ascertained, hence
no Diminution in value of investments is provided for in the Books.
f) Confirmation of balances is respect of certain Debtors, Creditors,
HSBC Current A/c & Loans & Advances are not made available. If there be
any changes this will have an impact on the Balance Sheet figures.
g) No Provision for taxation has been made as the company had incurred
losses.
h) Previous Year''s figures have been regrouped or restated wherever
necessary to confirm to the current year''s presentation.
Mar 31, 2012
A) Contingent Liabilities - NIL
b) Expenditure in Foreign Currency - NIL
c) CIF Value of imports - Capital Goods - NIL
d) Earnings Per Share:
Earning per share is calculated by dividing the profit attributable to
the equity shareholders by the number of equity shares outstanding
during the year.
e) The company is engaged in the development of computer software. The
production and sale of such software cannot be expressed in any generic
unit. Hence it is not possible to give the quantitative details of
sale and information as required under paragraphs 3, 4C and 4D of Part
II of Schedule VI to the Companies Act, 1956.
f) Diminution in value of investments: The Company holds investments in
Private Companies and their share value couldn't be ascertained,
hence no Diminution in value of investments is provided for in the
Books.
g) Confirmation of balances is respect of certain Debtors, Creditors,
HSBC Current A/c & Loans & Advances are not made available. If there be
any changes this will have an impact on the Balance Sheet figures.
h) No Provision for taxation has been made as the company had incurred
losses.
i) Previous Year's figures have been regrouped or restated wherever
necessary to confirm to the current year's presentation.
Mar 31, 2011
1. Miscellaneous Expenditure represents preliminary expenses amortized
over a period of ten years and public issue expenses to be written off
over a period of ten years. The Filing fees to ROC in authorized
capital which is not considered as revenue expenditure and is amortized
over the period of five years.
2. The company is engaged in development of software, which as per
Accounting Standard à 17 is considered as the only reportable business.
3. Deferred Tax: In accordance with Accounting Standard 22 (Accounting
of Taxes on Income) issued by the Institute of Chartered Accountants of
India Deferred Tax liability/ (Asset) attributed to timing difference
relating to depreciation has been recognized at (Rs.44,291/-) as on
31.03.2011 (as on 31.03.2010 Rs.44,289 /- Deferred Tax Asset).
4. Short Term employee benefits are charged off to the Profit & loss
account in the year of rendering of services. The no. of employees were
less than 50 during the year under review and hence it is reported that
payment of Contribution/ Benefit Plan are not applicable to this
Company.
5. Related Party Disclosure: As per Accounting Standard 18, issued by
the Institute of Chartered Accountants of India, the disclosure of
transaction with the related parties are given below:
6. The company is engaged in the development of computer software. The
production and sale of such software cannot be expressed in any generic
unit. Hence it is not possible to give the quantitative details of sale
and information as required under paragraphs 3, 4C and 4D of Part II of
Schedule VI to the Companies Act, 1956.
7. Diminution in value of investments: The Company holds investments
in Private Companies and their share value couldn't be ascertained,
hence no Diminution in value of investments is provided for in the
Books.
8. Confirmation of balances is respect of certain Debtors, Creditors,
HSBC Current A/c & Loans & Advances are not made available. If there be
any changes this will have an impact on the Balance Sheet figures.
9. No Provision for taxation has been made as the company had incurred
losses.
10. Previous Year's figures have been regrouped or restated wherever
necessary to confirm to the current year's presentation.
Mar 31, 2010
1. Miscellaneous Expenditure represents preliminary expenses amortized
over a period of ten years and public issue expenses to be written off
over a period of ten years. The Filing fees to ROC in authorized
capital which is not considered as revenue expenditure and is amortized
over the period of five years.
2. The company is engaged in development of software, which as per
Accounting Standard - 17 is considered as the only reportable business
3. Deferred Tax: In accordance with Accounting Standard 22 (Accounting
of Taxes on Income) issued by the Institute of Chartered Accountants of
India, Deferred Tax liability/ (Asset) attributed to timing difference
relating to depreciation has been recognized at (Rs. 44,289/-) as on
31.03.2010 (as on 31.03.2009 Rs.39.227/- Deferred Tax Asset).
Dep as per Books Rs. 2,39,926
Dep as per ITAct Rs. 1,09,625
Tax on the Timing Difference Rs. 44,289 (Net Deferred Tax)
4. Short Term employee benefits are changed off to the Profit & loss
account in the year of rendering of services. No. of employees as less
than 10 during the year under review and hence it is reported that
payment of Contribution/ Benefit Plan are not applicable to this
Company.
5. The company is engaged in the development of computer software. The
production and sale of such software cannot be expressed in any generic
unit. Hence it is not possible to give the quantitative details of sale
and information as required under paragraphs 3,4C and 4D of Part II of
Schedule VI to the Companies Act, 1956
6. Diminution in value of investments: Telesys Software Limited no
market rates are available and hence no provision for diminution could
be determined. In case of non-quoted companies the figures are not
available to determine any diminution in value. If there is any drop in
the share price below the cost this will have a bearing on the
profitability.
7. Confirmation of balances is respect of certain Debtors, Creditors &
Loans & Advances are not made available. If there be any changes this
will have an impact on the Balance Sheet figures.
8. No Provision for taxation has been made as the company had
incurred losses.
9. Previous Years figures have been regrouped or restated wherever
necessary to confirm to the current years presentation.
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