Hartron Communications Ltd. के अकाउंट के लिये नोट

Mar 31, 2014

1. Contingent Liabilities

- Estimated amounts of contracts remaining to be executed on capital account and not provided for (Net of advances) Rs. 758.63 lacs.

2. The paid up share capital and calls in arrear are pending for reconciliation. There is a difference of Rs. 27000/- between the amount as per financial books and amount as per secretarial records. No interest provision on unpaid calls have been made.

3. Debit and credit balances in the accounts of debtors, suppliers and other parties are subject to their respective confirmation and reconciliation.

4. All the previous year figures have been regrouped, rearranged & recast wherever necessary.

5. The Company has written off bad debts amounting to Rs. 6.69 lacs during the year.

6. On the basis of physical verification of assets & cash generation capacity of these assets, in the management perception, there is no impairment of assets as on date.

7. In the opinion of the management, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of the amount considered reasonably necessary.

8. Security deposits outstanding as on 31.03.2014 Rs. 1503.75 lacs has been received against rent receivables from Bechtel India Pvt. Ltd., the tenant.

9. Related party disclosures :

i) Related Parties

a) Related enterprises

*) Panchkula Agro Foods Ltd.

b) Key Managerial personal

*) Mr. R.S. Malik

*) Mr. Sanjeet Malik

*) Mrs. Nirmala Malik

ii) Transaction with related parties

*) Rent paid to Panchkula Agro Foods Ltd. Rs. 4800000/-.

*) Rent paid to Mrs. Nirmala Malik Rs. 1080000/-.

*) Remuneration to Mr. Sanjeet Malik Managing Director

*) Remuneration R.S. Malik Chairman - Salary Rs. 4200000/-

10. i) The company follows deferred tax method of accounting. The company has accounted the cumulative net deferred tax liability written back in respect of timing differences between book & tax profits as on 31.3.2014. Further, written down value of buildings and depreciation thereon has not been considered for the purpose of calculating deferred tax liabilities due to permanent difference which is not capable of reversal.

ii) Deferred tax assets & liabilities are attributable to the following items.

11. The income from BPO Service Rs.102466096/- (PreviousYear Rs. 179952212/-) thereon in foreign currency has been booked on the basis of the Indian currency realized.

12. The Directors have foregone their sitting fee for Board meetings & various committee meetings.

13. The Company had received a demand of House Tax payable amounting to Rs. 1,94,99,304/- for the financial year 2008 09 and 2009-10 from the Municipal Corporation Gurgaon against the above demand the Company has paid a sum of Rs. 22,11,534/-.

The Company has also paid a sum of Rs. 15,69,476/- as House Tax for the financial year 2010-11 and 2011-12, on the basis of self assessment policy of Municipal Corporation.

The company has not received any notice from the Municipal Corporation in the Current FinancialYear as to the assessment of House Tax. The same will be provided as and when the assessment is received.

14. The Company has not received any communication from any of its suppliers/service provider in respect of letter issued by the Company, confirming whether or not they are covered under the Micro, Small and Medium Enterprises Development Act, 2006. In the absence of any confirmation from the suppliers/service providers, the information as required to be disclosed under the said Act, (MSME Act) could not be determined.

15. Additional information pursuant to the provisions of paragraph 3, 4C, 4 D of part II of Schedule VI to the companies Act, 1956.

16. SEGMENT REPORTING

Business Segment have been considered as the primary segment. The company is organised into 3 business segments namely.

i. Rent Income

ii. Office back up operations

ii. Real Estate

Segment Revenue, result, assets & liabilities have been accounted for on the basis of their relationship to the operating activities of the segment & amounts allocated on a reasonable basis.

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Mar 31, 2013

1. Contingent Liabilities - NIL

2. The paid up share capital and calls in arrear are pending for reconciliation. There is a difference of Rs. 27000/- between the amount as per financial books and amount as per secretarial records. No interest provision on unpaid calls have been made.

3. Debit and credit balances in the accounts of debtors, suppliers and other parties are subject to their respective confirmation and reconciliation.

4. All the previous year figures have been regrouped, rearranged & recast wherever necessary.

5. The Company has written off bad debts amounting to Rs. 8.83 lacs during the year.

6. On the basis of physical verification of assets & cash generation capacity of these assets, in the management perception, there is no impairment of assets as on date.

7. In the opinion of the management, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of the amount considered reasonably necessary.

8. The company has not transferred the unpaid share application refund amount balance outstanding for more than 8 years in Investor Education & Protection Fund.

9. Related party disclosures:

i) Related Parties

a) Related enterprises

i) PanchkulaAgro Foods Ltd.

b) Key Managerial personal i) Mr.R.S.Malik

ii) Mr. Sanjeet Malik iii) Mrs. Nirmala Malik iv) ii) Transaction with related parties !

i) Rent paid to Panchkula Agro Foods Ltd. Rs. 4800000/-. ii) Rent paid to Mrs. Nirmala Malik Rs. 1080000/-.

iii) Security given to Panchkula Agro Foods Ltd. Amounting to Rs. 1263865/-) has been adjusted during the year. iv) Remuneration to Mr. Sanjeet Malik Managing Director

i) Remuneration R.S. Malik Chairman - Salary Rs. 4200000/-.

10. During the year the company has increased the salary of Managing Director Mr. Sanjeet Malik from Rs.3.00 lacs to Rs.7.00 lacs per month from June,2012 which was approved in the extra ordinary general meeting of the Company held on 10.06.2012. The application has been moved to the Ministry of Corporate Affairs New Delhi for their approval which is still pending. However the provision of the enhanced salary has been made in the books of accounts.

11. i) The company follows deferred tax method of accounting. The company has accounted the cumulative net deferred tax liability written back in respect of timing differences between book & tax profits as on 31.3.2013. Further, written down value of buildings and depreciation thereon has not been considered for the purpose of calculating deferred tax liabilities due to permanent difference which is not capable of reversal.

ii) Deferred tax assets & liabilities are attributable to the following items.

12. The income from BPO Service Rs.1799522121- (Previous Year Rs. 38097942/-) thereon in foreign currency has been booked on the basis of the Indian currency realized.

13. The directors have foregone their sitting fee for Board meetings & various committee meetings.

14. The company has entered into an Memorandum of Understanding with Bechtel India Private Limited for construction of a modern multistoried Building on which the old building was there and being rented out. During the year the company has demolished the above mentioned old building at Plot no 244-245, Udyog Vihar Phase IV Gurgoan, Haryana and accordingly Net Book Value of the old building Rs. 246.64 lacs has been written off( Gross value- Rs. 353.23 lacs) and a new building is under construction on the same site.

15. During the year the company has received share premium of Rs. 35.45 lacs from the promoters of the Company to whom shares were allotted under preferential allotment i.e. Rs. 3,20,000 on shares allotted on 14.12.2006 and Rs. 32,25,000 on shares allotted on 8.12.2007 at face value of Rs.10/- each on account of difference between face value and book value of shares in terms of the guidelines of the SEBI.

16. The Company had received a demand of House Tax payable amounting to Rs. 1,94,99,304/- for the financial year 2008-09 and 2009-10 from the Municipal Corporation Gurgaon against the above demand the Company has paid a sum of Rs. 22,11,534/-.

The Company has also paid a sum of Rs. 15,69,476/- as House Tax for the financial year 2010-11 and 2011 -12, on the basis of self assessment policy of Municipal Corporation.

17. The Company has not received any communication from any of its suppliers/service provider in respect of letter issued by the Company, confirming whether or not they are covered under the Micro, Small and Medium Enterprises Development Act, 2006. In the absence of any confirmation from the suppliers/service providers, the information as required to be disclosed under the said Act, (MSME Act) could not be determined.

18. Additional information pursuant to the provisions of paragraph 3,4C, 4 D of part II of Schedule VI to the companies Act, 1956.

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Mar 31, 2012

1. Contingent Liabilities - NIL

2. The paid up share capital and calls in arrear are pending for reconciliation. There is a difference of Rs. 27000/- between the amount as per financial books and amount as per secretarial records. No interest provision on unpaid calls have been made.

3. Payment made to statutory auditors : -

i) For Statutory Audit Fee Rs. 100000.00 (Prv. Year Rs. 66180.00)

4. Debit and credit balances in the accounts of debtors & suppliers and other parties are subject to their respective confirmation and reconciliation.

5. All the previous year figures have been regrouped, rearranged & recast wherever necessary.

6. The Company has written off bad debt amounting to Rs. 1.04 lacs during the year.

7. On the basis of physical verification of assets & cash generation capacity of these assets in the management perception, there is no impairment of assets as on date.

8. The company has not transferred the unpaid share application refund amount balance outstanding for more than 8 years in Investor Education & Protection Fund.

9. Related party disclosures :

i) Related Parties

a) Related enterprises

i) Panchkula Agro Foods Ltd.

ii) Aravali Engineers Pvt. Ltd.

b) Key Managerial personal

i) Mr. R.S. Malik

ii) Mr. Sanjeet Malik

iii) Mrs. Nirmala Malik

ii) Transaction with related parties

i) Rent paid to Panchkula Agro Foods Ltd. Rs. 4800000/-.

ii) Rent paid to Mrs. Nirmala Malik Rs. 1080000/-.

iii) Security given to Panchkula Agro Foods Ltd. Rs. 1263865/- (Previous year 2500000/-)

iv) Remuneration to Mr. Sanjeet Malik Managing Director

10. The income from BPO Service Rs.3,80,97,942/- (Previous Year Rs. 2,0861481/-) thereon in foreign currency has been booked on the basis of the Indian currency realised.

11. The directors have foregone their sitting fee for Board meetings & various committee meetings.

12. Additional information pursuant to the provisions of paragraph 3, 4C, 4 D of part II of Schedule VI to the companies Act, 1956.

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Mar 31, 2010

1. Contingent Liabilities - NIL

2. The paid up share capital and calls in arrear are pending for reconciliation.There is a difference of Rs. 27000/- between the amount as per financial books and amount as per secretarial records. No interest provision on unpaid calls have been made.

3. Managerial remuneration - Sh. Sanjeet Malik, Managing Director:

4. In the opinion of the Board of Directors, Current assets, Loans & Advances have been valued on realisation in ordinary course of business and are at least equal to the amount at which they are stated in the Balance Sheet.

5. Debit and credit balances in the accounts of debtors & suppliers and other parties are subject to their respective confirmation and reconciliation.

6. All the previous year figures have been regrouped, rearranged & recast wherever necessary.9. Schedule 1 to 10 form an integral part of the Balance Sheet as on 31.3.2010 and profit and loss account for the year ended on that date.

7. On the basis of physical verification of assets & cash generation capacity of these assets in the management perception, there is no impairment of assets as on date.

8. The company has not transferred the unpaid share application refund amount balance outstanding for more than 8 years in Investor Education & Protection Fund.

9. Related party disclosures:

i) Related Parties

a) Related enterprises

I) Panchkula Agro Foods Ltd.

ii) Aravali Engineers Pvt. Ltd.

iii) Aravali Apparels Pvt. Ltd.

b) Key Managerial personal

i) Mr. R.S.Malik

ii) Mr. Sanjeet Malik

iii) Mrs. Nirmala Malik

vii) Mrs. Nisha Malik

viii) Mr. Vineet Malik

ii) Transaction with related parties

I) Rent paid to Panchkula Agro Foods Ltd. Rs. 2520000/-.

ii) Security given to Panchkula Agro Foods Ltd. Rs. 2500000/- Remuneration to Mr. Sanjeet Malik Managing Director

i) Remuneration Nisha Malik-Salary Rs. 12,00,000 & PF1,44,000/-.

ii) Interest free unsecured loans :-

a) Mr. Sanjeet Malik (Balance Rs. 75,000/-).

b) Mr. Vineet Malik- Received Rs. NIL repaid NIL (Balance Rs.1,35,000/-).

c) Aravali Engineering Balance Rs. 9,75,000/-

d) Mrs. Nirmla Malik - Received Rs. NIL repaid NIL (Balance Rs.39,236/-).

10. i) The company follows deferred tax method of accounting. The company has accounted the cumulative net deferred tax liability in respect of timing differences between book & tax profits as on 31.3.2010 amounting to Rs. 9,72,432.74/-. Further, written down value of buildings and depreciation thereon has not been considered for the purpose of calculating deferred tax liabilities due to permanent difference which is not capable of reversal.

11. The project related to BPO started few years ago and the income of Rs. 2,06,99,449.00 (Previous Year Rs. 1,76,42,920.53/-) thereon in foreign currency has been booked on the basis of the Indian currency realised.

12. The directors have foregone their sitting fee for Board meetings & various committee meetings.

13. Additional information pursuant to the provisions of paragraph 3, 4C, 4 D of part II of Schedule VI to the companies Act, 1956.

(As certified by Managing Director of the company and relied upon by the auditors, it being a technical matter) B. Information in respect of Turnover, Production and closing stock.

14. SEGMENT REPORTING

Business Segment have been considered as the primary segment. The company is organised into 4 business segments namely.

I) Rent Income ii) Job Work iii) Office back up operations iv) Production

Segment Revenue, result, assets & liabilities have been accounted for on the basis of their relationship to the operating activities of the segment & amounts allocated on a reasonable basis.

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Mar 31, 2009

1. Contingent Liabilities - NIL

2. The paid up share capital and calls in arrear are pending for reconciliation.There is a difference of Rs. 27000/- between the amount as per financial books and amount as per secretarial records. No interest provision on unpaid calls have been made.

3. Managerial remuneration - Sh. Sanjeet Malik, Managing Director: Salary & allowances Rs. 3090525.00

P. F. Contribution Rs. 370863.00

LIC Premium Rs. 120525.00

4. In the opinion of the Board of Directors, Current assets, Loans & Advances have been valued on realisation in ordinary course of business and are at least equal to the amount at which they are stated in the Balance Sheet.

5. Debit and credit balances in the accounts of debtors & suppliers and other parties are subject to their respective confirmation and reconciliation.

6. All the previous year figures have been regrouped, rearranged & recast wherever necessary.9. Schedule 1 to 10 form an integral part of the Balance Sheet as on 31.3.2009 and profit and loss account for the year ended on that date.

7. On the basis of physical verification of assets & cash generation capacity of these assets in the management perception, there is no impairment of assets as on date.

8. The company has not transferred the unpaid share application refund amount balance outstanding for more than 8 years in Investor Education & Protection Fund.

9. Related party disclosures:

i) Related Parties

a) Related enterprises

i) Panchkula Agro Foods Ltd.

ii) Aravali Engineers Pvt. Ltd.

iii) Aravali Apparels Pvt. Ltd.

b) Key Managerial personal i) Mr. R.S.Malik

ii) Mr. Sanjeet Malik

iii) Mrs. Nirmala Malik

vii) Mrs. Nisha Malik

viii) Mr. Vineet Malik

ii) Transaction with related parties

I) Rent paid to PanchkulaAgro Foods Ltd. Rs. 2520000/-. ii) Security given to Panchkula Agro Foods Ltd. Rs. 2500000/-

10. i) The company follows deferred tax method of accounting. The company has accounted the cumulative net deferred tax liability in respect of timing differences between book & tax profits as on 31.3.2009 amounting to Rs. 12,81,066/-. Further, written down value of buildings and depreciation thereon has not been considered for the purpose of calculating deferred tax liabilities due to permanent difference which is not capable of reversal.

11. The project related to BPO started few years ago and the income of Rs. 1,76,42,920.53 (Previous Year Rs. 1,19,85,700.33./-) thereon in foreign currency has been booked on the basis of the Indian currency realised.

12. The directors have foregone their sitting fee for Board meetings & various committee meetings.

13. The rates charged by the company for doing the repair & service jobs of KELTRON are generally lower than rate mentioned in the agreement executed between the company and KELTRON.

14. Additional information pursuant to the provisions of paragraph 3, 4C, 4 D of part II of Schedule VI to the companies Act, 1956.

15. SEGMENT REPORTING

Business Segment have been considered as the primary segment. The company is organised into 4 business segments namely.

I) Rent Income ii) Job Work iii) Office back up operations iv) Production

Segment Revenue, result, assets & liabilities have been accounted for on the basis of their relationship to the operating activities of the segment & amounts allocated on a reasonable basis.