Mar 31, 2016
1. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the account at which they are stated in the books of accounts and provision for all known liabilities have been made, except as mentioned otherwise.
2. The Company is engaged in the business of Telecom System development and electronic hardware and software trading and other product and there is no separate reportable segment as per Accounting Standard (AS) 17 on segment reporting.
3. In accordance with the Accounting Standard (AS) 28 on âImpairment of Assetsâ issued by the Institute of Chartered Accountants of India, the company assesses potential generating of economic benefits from its business assets and is of the view that assets employed in continuing business are capable of generating adequate returns over their useful lives in the usual course of business. There is no indication to the contrary and accordingly the management is of the view that no provision is called for in the accounts for the vear.
4. In order to strength the financial position of the company and to support to fund flow position the Managing Director, Anil B Vedmehta have foregone his Managerial Remuneration for the FY 201415 and other directors have not taken any financial benefits including directors board sitting fees.
5. The balances of debtors, creditors, loans & advances are subject to confirmation.
6. The previous yearâs figures are regrouped, rearranged or recast, wherever required, to make them comparable.
Mar 31, 2015
I. OTHER NOTES ON ACCOUNTS
1. In the opinion of the Board, current assets, loans and advances have
a value on realization at least equal to the account at which they are
stated in the books of accounts and provision for all known liabilities
have been made, except as mentioned otherwise.
2. The Company is engaged in the business of Telecom System development
and electronic hardware and software trading and other product and
there is no separate reportable segment as per Accounting Standard (AS)
17 on segment reporting.
3. In accordance with the Accounting Standard (AS) 28 on "Impairment
of Assets" issued by the Institute of Chartered Accountants of India,
the company assesses potential generating of economic benefits from its
business assets and is of the view that assets employed in continuing
business are capable of generating adequate returns over their useful
lives in the usual course of business. There is no indication to the
contrary and accordingly the management is of the view that no
provision is called for in the accounts for the year.
4. In order to strength the financial position of the company and to
support to fund flow position the Managing Director, Anil B Vedmehta
have foregone his Managerial Remuneration for the FY 2014-15 and other
directors have not taken any financial benefits including directors
board sitting fees.
5. The balances of debtors, creditors, loans & advances are subject to
confirmation.
6. The previous year"s figures are regrouped, rearranged or recast,
wherever required, to make them comparable.
Mar 31, 2014
1.01 OTHER NOTES ON ACCOUNTS
1. In the opinion of the Board, current assets, loans and advances have
a value on realization at least equal to the account at which they are
stated in the books of accounts and provision for all known liabilities
have been made, except as mentioned otherwise.
2. The Company is engaged in the business of Telecom System development
and electronic hardware and software trading and other product and
there is no separate reportable segment as per Accounting Standard (AS)
17 on segment reporting.
3. In accordance with the Accounting Standard (AS) 28 on "Impairment of
Assets" issued by the Institute of Chartered Accountants of India, the
company assesses potential generating of economic benefits from its
business assets and is of the view that assets employed in continuing
business are capable of generating adequate returns over their useful
lives in the usual course of business. There is no indication to the
contrary and accordingly the management is of the view that no
provision is called for in the accounts for the year.
4. The balances of debtors, creditors, loans & advances are subject to
confirmation.
5. The previous year''s figures are regrouped, rearranged or recast,
wherever required, to make them comparable.
Mar 31, 2013
1. In the opinion of the Board, current assets, loans and advances
have a value on realization at least equal to the account at which they
are stated in the books of accounts and provision for all known
liabilities have been made, except as mentioned otherwise.
2. The Company is engaged in the business of Telecom System
development and electronic hardware and software trading and other
product and there is no separate reportable segment as per Accounting
Standard (AS) 17 on segment reporting.
3. In accordance with the Accounting Standard (AS) 28 on "Impairment
of Assets" issued by the Institute of Chartered Accountants of India,
the company assesses potential generating of economic benefits from its
business assets and is of the view that assets employed in continuing
business are capable of generating adequate returns over their useful
lives in the usual course of business. There is no indication to the
contrary and accordingly the management is of the view that no
provision is called for in the accounts for the year.
4. The balances of debtors, creditors, loans & advances are subject to
confirmation.
5. The previous year''s figures are regrouped, rearranged or recast,
wherever required, to make them comparable.
Mar 31, 2012
1. In the opinion of the Board, current assets, loans and advances have
a value on realization at least equal to the account at which they are
stated in the books of accounts and provision for all known liabilities
have been made, except as mentioned otherwise.
2. The Company is engaged in the business of Telecom System development
and electronic hardware and software trading and other product and
there is no separate reportable segment as per Accounting Standard (AS)
17 on segment reporting.
3. In accordance with the Accounting Standard (AS) 28 on "Impairment of
Assets" issued by the Institute of Chartered Accountants of India,
the company assesses potential generating of economic benefits from its
business assets and is of the view that assets employed in continuing
business are capable of generating adequate returns over their useful
lives in the usual course of business. There is no indication to the
contrary and accordingly the management is of the view that no
provision is called for in the accounts for the year.
4. The balances of debtors, creditors, loans & advances are subject to
confirmation.
5. The previous year''s figures are regrouped, rearranged or recast,
wherever required, to make them comparable.
Mar 31, 2011
1. In the opinion of the Board, current assets, loans and advances have
a value on realization at least equal to the account at which they are
stated in the books of accounts and provision for all known liabilities
have been made, except as mentioned otherwise.
2. The Company is engaged in the business of Telecom System development
and electronic hardware and software trading and other product and
there are no separate reportable segment as per Accounting Standard
(AS) 17 on segment reporting.
3. In accordance with the Accounting Standard (AS) 28 on "Impairment
of Assets" issued by the Institute of Chartered Accountants of India,
the company assesses potential generating of economic benefits from its
business assets and is of the view that assets employed in continuing
business are capable of generating adequate returns over their useful
lives in the usual course of business. There is no indication to the
contrary and accordingly the management is of the view that no
provision is called for in the accounts for the year.
4. Deferred Tax :
The Company estimated deferred tax Assets / Liabilities using the
applicable rate of taxation based on the impact of the timing
differences between financial statements and estimated taxable income
for the current year. Deferred tax Liability for the year aggregating
to Rs14,54,928/-(Rs. 405064/-/-) has been recognized in Profit & Loss
Account. The net deferred tax liability as at 31st March, 2011 is given
below:
Note : Figure in the bracket indicates for the previous year.
5. Income and Expenditure in Foreign Currency:
Income in Foreign Currency:
Export Sales : Rs. 38.76.20 Lacs (Rs. 42.20 Lacs)
Expenditure in Foreign Currency:
Imports of Raw Material Rs. 6.29 Lacs (Nil)
Imports of Machinery and Tools Rs. 71.39 Lacs (Rs. 32.57 Lacs) Advance
given Rs.18.85 Lacs
6. Related Party Disclosures:
(a) Name of Related party and its Relation ship
Key Management Personnel
Mr. Anil B. Vedmehta
M/s. Media Matrix Worldwide Ltd.
M/s. Quantum eServices Pvt. Ltd.,
M/s Proximus Knowledge & Technology Services P Ltd.
Chairman and Managing Director CMD''s relatives are directors Few
Common Directors CMD and his relatives are directors
7. The balances of debtors, creditors, loans & advances are subject to
confirmation.
8. During the previous year ended on 31st March, 2010 the Company has
sold investment of Subsidiary Company M/s Quantum e Services P Limited
hence there is no existence of subsidiary Company
9. The previous year''s figures are regrouped, rearranged or recast,
wherever required, to make them comparable.