Mar 31, 2015
1. Terms / Rights attached to the equity shares
The Company has only one class of equity shares having par value of
Rs.2 per share. Each holder of equity shares is entitled to one vote per
share.
2. The Company has only one business segment and its operations are
also confined to one geographical segment i.e. India. As such, no
further disclosure under Accounting Standard 17 "Segment Reporting" is
required.
3. In terms of Accounting Standard 18, notified by the Companies
accounting Standard Rules 2006, the related party disclosure is given
below:-
(a) Name of the related parties & description of relationship
Subsidiary Company
eLCC Info.Com Limited
Enterprises owned or significantly influenced by key management
personnel or their relatives
Advertiser's Advertising Agency Limited
Key Management Personnel
Mrs. Kirti Lakhotia (Managing Director)
Mr. Sidharth Lakhotia (Director)
Mr. Pratik Lakhotia (Director)
4. Deferred Tax Assets has not been recognized in these accounts in
view of the Accounting Policy specified in Note no. 1 (K).
5. Previous Year's figures has been regrouped and rearranged wherever
necessary.
Mar 31, 2014
1. The Company has only one business segment and its operations are
also confined to one geographical segment i.e. India. As such, no
further disclosure under Accounting Standard 17 "Segment Reporting" is
required.
2. Deferred Tax Asset has not been recognized in these accounts in
view of the Accounting Policy specified in Note no. 1(viii).
3. Previous Year''s figures has been regrouped / rearranged wherever
necessary.
Mar 31, 2013
1. The Company has only one business segment and its operations are
also confined to one geo- graphical segment i.e. India. As such,
no further disclosure under Accounting Standard 17 "Segment
Reporting" is required.
2. In terms of Accounting Standard 18, notified by the Companies
Accounting Standard Rules, 2006, the related party disclosure is given
below:-
(a) Name of the related parties & description of relationship
Subsidiary Company eLCC Info.Com Limited
Enterprises owned or significantly influenced by key management
personnel or their relatives
Advertiser''s Advertising Agency Limited
Key Managerial Personnel
Mrs. Kirti Lakhotia (Managing Director) Mr. Sidharth Lakhotia
(Director) Mr. Pratik Lakhotia (Director)
3. Deferred Tax Asset has not been recognized in these accounts in
view of the Accounting Policy specified in Note no. 1(viii).
4. Additional information pursuant to the provisions of Part -II of
Schedule - VI to the Companies Act, 1956.
5. In terms of the existing agreements with various franchisees, the
Company is entitled to a royalty income based on a percentage of gross
collections of these franchisees. The Company has however accounted for
its income as "Gross Collection from Franchisees" based on state- ments
received from franchisees.
6. Previous Year''s figures has been regrouped / rearranged wherever
necessary.
Mar 31, 2012
1. Additional information pursuant to the provisions of Part -II of
Schedule - VI to the Companies Act, 1956.
Note. Closing stock of Computers has been converted to Fixed Assets
during the year.
2. The total amount of Directors' Remuneration charged in these
accounts is Rs.1620 thou- sands (2011 - Rs. 1560 thousands) under
salary head in Personnel.
3. Related Party Disclosures, as required by AS - 18 'Related Party
Disclosures' are given below:
I Relationships
a) Where control exists eLCC Info. Com Limited Advertiser's Advertising
Agency Limited
b) Key Management Personnel
Mrs. Kirti Lakhotia Advertiser's Advertising agency Limited,
eLCC Info.com Limited
Mr. Sidharth Lakhotia Advertiser's Advertising agency Limited,
eLCC Info.com Limited.
Mr. Pratik Lakhotia Advertiser's Advertising agency Limited,
eLCC Info.com Limited.
4. In terms of the existing agreements with various franchisees, the
Company is entitled to a royalty income based on a percentage of gross
collections of these franchisees. The Company has however accounted for
its income as "Gross Collection from Franchisees" based on state- ments
received from franchisees.
5. Previous years' figures have been rearranged/regrouped where ever
considered necessary.
Mar 31, 2010
1. The Company was registered as a Non Banking Financial Company with
the Reserve Bank of India. Consequent to the alteration of the object
clause of the Memorandum of Association B45 of Association of the
Company and the acquisition of business of the Lakhotia Computer
Centre, the Company is no longer a Non Banking Financial Company and
has applied to the Reserve Bank of India for deregistration. Necessary
approval of the Reserve Bank of India is awaited.
2. In the absence of latest audited accounts, it has not been possible
to ascertain the break up value of certain long term unquoted
Investments (Book Value - Rs. 1,94,623 thousands, 2009 - Rs 1,94,600
thousands) and its consequential effect on carrying value. In respect
of quoted Investment i.e. Equity Share and Mutual Fund no provision has
been made in the accounts for diminution in value to the tune of Rs
1819 thousand and Rs. 12 thousand respectively.
3. Consequent to the issuance of mandatory Accounting Standard (AS-22)
- "Accounting for taxes on Income" by the Institute of Chartered
Accountants of India which states that deferred tax should be
recognized based on timing difference between the accounting income and
the taxable income for the year and quantify the same using the tax
rates and laws enacted or substantively enacted as at the Balance Sheet
date. Deferred tax assets are recognised and carried forward only to
the extent that there is virtual certainty that sufficient future
taxable income will be available against which such deferred tax assets
can be realised. However there is no such virtual certainty for future
taxable income, so no provision has been made in the books.
4. Estimated amount of contracts remaining to be executed on Capital
account (Net of Advances) Rs. Nil (2009 - Rs. Nil)
5. Liability of Contingent in Nature was not readily available (2009 -
Rs Nil)
6. FOB value of exports Rs Nil (2009 - Rs Nil)
7. Expenditure in foreign Currency Rs. Nil (2009 - Rs. Nil)
8. The total amount of Directors' Remuneration charged in these
accounts is Rs. 1560 thousands (2009 - Rs. 480 thousands) under salary
head in Personnel.
9. There is no small-scale industrial undertaking on the basis of
information available with the company to whom the company owes a sum,
which is outstanding for more than 30 days as at the balance sheet
date.
10. Related Party Disclosures, as required by AS - 18 'Related Party
Disclosures' are given below:
I Relationships
a) Where control exists eLCC Info. Com Limited Advertiser's Advertising
Agency Limited
b) Key Management Personnel
Mrs. Kirti Lakhotia Advertiser's Advertising agency Limited (For-
merly known as Lakhotia Computer Centre Limited, eLCC Info.com Limited
Mr. Sidharth Lakhotia Advertiser's Advertising agency Limited (For-
merly known as Lakhotia Computer Centre Limited, eLCC Info.com Limited.
Mr. Pratik Lakhotia eLCC Info.com Limited
II Related Party Balance as at the year-end
eLCC Info.Com Ltd. Advertiser's Advertising agency Limited
(Formerly known as Lakhotia Computer Centre Limited, Advance (in Rs.)
89,70,498.00 (Cr.) 31,41,652.75 (Dr.)
III Transactions with Key Management Personnel Remuneration (in Rs.)
480 thousands
11. Calculations in respect of earning per Share as required by
Accounting standard (AS-20) issued by the ICAI.
31.03.2010 31.03.2009
Net Profit as per Profit & loss
Account Rs. in thousands 326 215
No. of Equity Shares Nos. 126593350 126593350
Earnings per Share (Basic & Diluted) Rs 0.0026 0.00170
12. In terms of the existing agreements with the various franchisees,
the Company is entitled to a royalty income based on a percentage of
gross collections of these franchisees. The Company has however
accounted for its income as "Collection from Franchisee Centres" based
on state- ments received from franchisees.
13. Previous years' figures have been rearranged/regrouped where ever
considered necessary.
Mar 31, 2009
1. The Company was registered as a Non Banking Financial Company with
the Reserve Bank of India. Consequent to the alteration of the object
clause of the Memorandum of Association B45 of Association of the
Company and the acquisition of business of the Lakhotla Computer
Centre, the Company is no longer a Non Banking Financial Company and
has applied to the Reserve Bank of India for deregistration. Necessary
approval of the Reserve Bank of India is awaited.
2. In the absence of latest audited accounts, it has not been possible
to ascertain the break up value of certain long term unquoted
Investments (Book Value - Rs. 1,84,963 thousands, 2008 - Rs 1,84,963
thousands) and its consequential effect on carrying value. In respect
of quoted Investment I.e. Equity Share no provision has been made in
the accounts for diminution in value to the tune of Rs 3919 thousand.
3. Consequent to the issuance of mandatory Accounting Standard (AS-22)
- "Accounting for taxes on Income" by the Institute of Chartered
Accountants of India which states that deferred tax should be
recognized based on timing difference between the accounting income and
the tax- able income for the year and quantify the same using the tax
rates and laws enacted or substan- tively enacted as at the Balance
Sheet date. Deferred tax assets are recognised and carried forward only
to the extent that there is virtual certainty that sufficient future
taxable income will be available against which such deferred tax assets
can be realised. However there is no such virtual certainty for future
taxable income, so no provision has been made in the books.
4. Estimated amount of contracts remaining to be executed on Capital
account (Net of Advances) Rs. Nil (2008 - Rs. Nil)
5. Liability of Contingent In Nature was not readily available (2008 -
Rs Nil)
6. FOB value of exports Rs Nil (2008 - Rs Nil)
7. Expenditure in foreign Currency Rs. Nil (2008 - Rs. Nil)
8. The total amount of Directors Remuneration charged In these
accounts Is Rs. 480 thousands (2008 - Rs. 270 thousands) under salary
head in Personnel.
9. There is no small-scale Industrial undertaking on the basis of
Information available with the company to whom the company owes a sum,
which Is outstanding for more than 30 days as at the balance sheet
date.
10. Related Party Disclosures, as required by AS - 18 Related Party
Disclosures are given below:
I Relationships
a) Where control exists eLCC Info. Com Limited Advertisers Advertising
Agency Limited
b) Key Management Personnel
Mrs, Klrtl Lakhotia
Advertisers Advertising agency Limited (For- merly known as Lakhotia
Computer Centre Limited, eLCC lnfo.com Limited
Mr. Sldharth Lakhotia
Advertisers Advertising agency Limited (For- merly known as Lakhotia
Computer Centre Limited, eLCC Info.com Limited.
Mr. Pratlk Lakhotia
eLCC Info.com Limited
II Related Party Balance as at the year-end
eLCC Info.Com Ltd. Advertisers Advertising agency Limited
(Formerly known as Lakhotia Computer Centre Limited,
11. In terms of the existing agreements with the various franchisees,
the Company is entitled to a royalty income based on a percentage of
gross collections of these franchisees. The Company has however
accounted for its income as "Collection from Franchisee Centres" based
on state- ments received from franchisees.
12. Previous years figures have been rearranged/regrouped where ever
considered necessary.
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