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2018.03.31 Infradigital Technologies Auditors Report

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2018.03.31 Infradigital Technologies Auditors Report

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2018.03.31 Infradigital Technologies Auditors Report

  1. 1. tiwari s(, Wlsfrra CHARTERED ACCOUNTANTS INDEPENDENT AUDITORS' REPORT f .- TO THE MEMBERS OF INFRADIGITAL TECHNOLOGIES PRIVATE LIMTTED Report on the Financial Statements We have audited the accompanying financial statements of INFRADIGITAL TECHNOLOGIES PRIVATE Lll4lTED, which comprise the Balance Sheet as at March 3L, 20L8, and the Statement of Profit and Loss for the year then ended, and a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (the Act") with respect to the preparation of these financial statements that giv'e'a true and fair view of the financial position, financial performance in accordance with the accounting principles generally accepted in lndia, including the Accounting Standards specified under Section L33 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assgts of the Company and for preventing and detecting frauds and other irregularities ; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent ; and design, implementation and maintenance of adequate internal financial controls , that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and*are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these standalone financial statements I based on our audit. We have taken into accou* tn. provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act" Those Standards require that we comply with ethical a-. Head Office : C-121, Kirti Nagar, New Delhi-110015, lndia Telephone . +91 -1 1 -25923001, 45024381 Mobile : +91 -9Bl 0374801 E-mail : tiwariandmishra@gmail.com Website : www.tiwariandmishra.in tr{s!i oerm )f w
  2. 2. requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. ln making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial Statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements. Opinion ln our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in lndia: a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2018; ' b) in the case of the statement of Profit and Loss Account, of the profit/ loss for the year ended on that date; and Report on Other Lega! & Regulatory Requirements 1. As required by the Companies (Auditor's Report) Order, 2015 ("the Order") issued by the Central Government of lndia in terms of sub-section (11) of section 143 of the Act, and on the basis of such checks of the books and records of the Company as we considered appropriate and according to the inforrnation and explanations given to us during the course of audit, is not opplicoble. As required by Section 143 (3) of the Act, we report that: We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit. ln our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books. (a) #ef("tt", )? M9 (b)
  3. 3. (c) (d) (e) G) The Balance Sheet, the Statement of Profit and Loss, dealt with by this Report are in agreement with the books of account. ln our opinion, the aforesaid standalone financial statements comply with the Accounting Staniiards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,2014. On the basis of the written representations received from the directors as on 3lttMarch, 2018 taken on record by the Board of Directors, none of the directors is disqualified as on 31'tMarch, 2018 from being appointed as a director in terms of Section 764 (2) of the Act. With respect to ther'other matters to be included in the Auditor's Report in accordance with Rule lL of the Companies (Audit and Auditors) Rules, 20L4, in our opinion and to the best of our information and according to the explanations given to us: t. il. The Company does not have any pending lltigations which would impact its,financial pdsition. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses. There were no amounts which were required to be transferred to the lnvestor Education and Protection Fund by the Company. iii. For Tiwari & Mishra Chartered Accountants Firm Regn No. - 018 Place: New Delhi Date: 20108/2OL8 sF rir
  4. 4. INFRADIGITAL TECHNOLOGIES PW. LTD. 6A14, Juhu Sangeeta Apartments, Juhu Road, Near SNDT Cottege, Mumbai MH _ 400054 Balance Sheet as at 3ist March, 201g Particulars Rupees) Note No. 31st March, 2018 31st March, 2017 1 2 3 4 t. 1 2 3 4l il. Fixed assets (i) Tangible assets (ii) lntangible assets (iii) Capitalwork-in-progress (iv) lntangibte assets under develqpment Non-cunent investments Deferred tax assets (net) Long{erm loans and advances Other non-current assets Current investments lnventories Trade receivables Cash and cash equivalents Shortterm loans and advances Other current assets IEQUITY AND LIABILITIES - I lshareholders' funds I tut share capitat I ,ol Reserves and surptus I n, Money received against share warrants llshare application money pending allotment i I Non-current liabilities I f"f Long-term bonowings | (b) Deferred tax tiabitities (Net) I lc) Other Long term liabilities I lOt Long{erm provisions lCr...nt liabilities I tuf Short{erm borrowings I (b) Trade payabtes I t.t Other cunent tiabitities I (d) Short{erm provisions ; rorarl IASSETS I lNon-current assets I (a) lrnl (c) (d) (e) Current assets (a) (b) (c) (d) (e) (f) 1 2 3 6 4 5 7 8 I 10 1 00,000.00 (1,548,946.881 28,497,536.00 4,820,643.00 1,196,646.00 100,000.00 (459,147.881 14,163,902.79 64,456.00 11,188,447.11 1 ,50'r ,849.00 33,055,878.00 26,559,507.00 341,023.84 35,830.00 32,146,370.00 450,082.00 70,730.00 11,842.00 1,379,606.00 461,578.00 r+,ttt.oo 506,452.54 24,177,759.49 33,055,878.00 26,559,5O7.OO Significa,nt Accounting policies and Note to The Accounts The Schedules referred to above form an integral part of the batabce sheet As per our report of even date attached For Tiwari & Mishra Chartered Accountants For & on behalf of Board of Directors 16 Sagar Director DIN- Ptace:- Mumbai Date:- 20/08/2018 DIN- 02942810 Ptace:- Mumbai Date:- 20108/2018 cA. v6tPartner Membership Ptace:- New
  5. 5. INFMDIGITAL TECHNOLOGIES PVT. LTD. 6414, Juhu Snageeta Apartments, Juhu Road, Near SNDT Coltege, Mumbai , MH _ 400054 Profit and loss statement for the year ended 31.03.20,1g Particulars Note No. 31st March, 2018 (in Rupe 31st AAarch, 2017 t. il. ilt. tv. V. vt. vrr.l lil from operations income Revenue (l of trade goods )e benefits expense costs Depreciation and amortization expense Other expenses I otal expenses Profit before exceptional and extraordinary tax (lll-lV) items before extraordinary items and tax (V VI) lProfit before tax (Vtt- Vtil) I lTax expense: 111; current tax 112; Deferred tax I lProfit (Loss) for the period from continuing operations l{vrr-vrrry Profit/(toss) from discontinuing operations Tax expense of discontinuing operations Profit/(loss) from Discontinuing operations (aftar tax) (xil-xil) Profit (Loss) for the period (Xt + XIV) Earnings per equity share: (1 ) Basic (2) Dituted lt) items and Other 11 12 13 14 6 15 6,026,83s.1 6 16,365,517.14 59,538,763.24 42.25 22,392,352.OO 16,449,951.50 173,521.70 312,717.00 6,646,246.86 59,538,805.00 36,854,655.58 65,5n.92 354,850.00 22,646,742.38 23,582,437.00 59,921 ,82s.88 1 ,1 90,085.00 -383 ,020.88 1 ,1 90,085.00 -383,020.88 1,190,085.00 ( 1 00,286.00) -383,020.88 64,456.00 -1,089,799.00 -447,476.88 -1,O89,799.OO -447,476.88 -1 08.98 -44.75 Significant Accounting Policies and Note to The Accounts The Schedutes referred to above form an integral part of the bal.abce sheet As per our report of even date attached For Tiwari & lrtishra For & on behalf of Board of Directors iffihPartner Membership Place:- New Date:- 20108/ Ptace:- Mr.r{nbai Ptace:- Mumbai Date:- 20l08/2018 Dare:- 20l08/2018
  6. 6. INFRADIGITAL TECHNOLOGIES PVT. LTD. 6414, Juhu Sangeeta Aprtments, Juhu Road, Near SNDT Cottege, Mumbai MH - 400054 NOTE 1 Share Capital 31st March, 2018 31st March, 2017 Amount Amount Authorised 100@ Equity Shares of 'Rs 10 each lssued. Subscribed & Paid up 10000 Equity Shares of 'Rs 10 each (lssued 10000 equity shares of Rs. 10 each ) 1 00000 100000 1 0000c I 0000c Total 100000 100000 Reconciliation of number of Equity Shares outstanding at the beginning and at end of the year Particulars 31st March, 2018 31st March, 2017 Number of Shares outstanding as at beginning of the vear Add: No. ofshares allotted during the ycar l.ess: No. olshares bought back during the I'car 1 0000 tumber of Shares outstanding as at end of the year 0 10000 Rights' Preferences and Restrictions (including restrictions on distribution of dividends and repayment of ) attached to the class of shares Particu lars 31st March, 2018 3 1 st Ailarch, 20 1 7 The Companl has onc class ofEquity shares having a par value ofRs. l0/- pcr sharc. Each Shareholdcr is eligible for one vote per share held. tn the cvent o1'liquidation. the Equitl'Shareholders are eligible to reccive the rcmaining assets of thc Cornpanl afler distribution of all pref'ercntial amounts. in proportion b thcir shareholding. Class of shares Equity Shares Class of shares Eqtlity Shares he detail of shareholder holding more than 5% shares as at l{arch, 2018 and March, 2017 is set out below: Particu lars 31st March, 2018 31st March, 2017 M/S Eroslabs Pte. Ltd., Singapore (99.99o/o) Karan Singh Bedi (0.01%) Sagar Surendcr Sadhrvani (0.01%) 10000 10000 ffi,"ft,(1. J-q, R+a#9 @He h=.d 1 c
  7. 7. Note: During the Financial Year 2017-18 as on 20th lilarch, 20l8 One Equity share of RS 10 each, has been transferred from Karan Singh Bedi to Sagar Surender Sadhwani. NOTE.3 31st March, 2018 31st March, 2017 +) Net Profit/(Net Loss) For the current year +) Transfer from Reserves (-) Proposed Dividends (-) lnterim Dividends (-) Transfer to Regerves (459,147.88 (1 ,089,799. (11".671.00 (447,476.88) (1,548,946.88) (4s9,147.88) Un@m gorrowllc! 31st March, 2018 3 1 st March, 201 7 lSecured Loans Unsecured Loans From Banks From Others Eros Labs PTE (Liabitity) Karan Singh Bedi Next Generation Films Pvt Ltd Sagar Sadhwani 15,580,719.05 216,816.46 6,800,000.00 5,900,000.00 1,463,902.79 6,800,000.00 5,900,000.00 28,497,536.00 14,163,902.79 Note-4 Other current liabilities 31st March, 2018 31st Mbrch, 2017 lAccrueo >atanes tt tsenefit Sataries & Benefits Other Liabilities (a) Sundry Creditors (b) Emptoyees Contribution to pF payabte (c) Emptoyees Contribution to ESIC payabte (d) Emptoyers Contribution to pF payabte (e) Emptoyers Contribution to ESIC payabte (f) Expenses Payabte (g) PF Admin Charges Payabte (h) Satary Payabte (i) Share Money Payabte (j) Stipend Payabte (u) lnnertech Media Solutions pvt Ltd 987,148.00 314,398.00 '18,184.00 314,398.00 49,281.00 343,074.00 23,363.00 2,526,308.00 100,000.00 144,489.00 5488201.11 758,943 20,296 758,943 54,976.00 269,639.00 65,539.00 3,646,365.00 1 00,000.00 25,545_00 4,82O,643.OO 11,188,447.11 6rsi(DMir )? S.e#9
  8. 8. NOTE-5 Short Term Provisions 31st March, 2018 31st March, 2017 lProvision for employees Benefit I I loth".. l6;u'r'on for tncome Tax l(u) t-egat Charges payabte It.) ros Payable , l(d) lnterest on TDS (Late Fiting Fees) l(e) lnterest on TDS Payabte (f) TDS on Contractor - Company Deductee (g) TDS on.Professional Fees (h) TDS on Professionat Fees - Company Deductee (i) TDS on Rent (j) TDS on Satary Payabte (k) IGST Payabte (t) CGST Payabte (m) SGST Payabte Total 9s,200.00 45,349.00 1,920.00 97,809.00 I 3,1 78.00 78,750.00 454,758.00 1 85,960.52 106,860.95 I 06,860.9s 1,501,849.00 1,186,646.OO 1,501.849.00 NOTE-7 Lonq Term Loans & Advances 31st March, 2018 31st March, 2017 Advances to Staff - Kanan Eros Television - Advance Given TDS Receivable Security Deposit - Others Security Deposit - Rent 50,000.00 31 ,652,894.00 348,978.05 3,000.00 91,498.00 50,000.00 20,078.00 I 6,500.00 375,000.00 32,146,370.OO 461 ,578.OO NOTE.8 lrade Receivables 31st March, 2018 31st March, 2017 Sundry Debtors Googte Asia Pacific - Singapore Notch Media Private Limited V Commission Media Private Ltd Verse lnnovation Pvt Ltd Total 88,336.00 361,746.00 561.00 33,450.00 450,082.00 34,111.00 NOTE-9 Cash and cash equivalents 31st March, 20'18 3 1 st March, 201 7 a. Balances wlth bank b. Cheques, drafts on hand c. Cash on hand* d. Others (specify nature) 65,248.20 5,481.67 506,149.81 302.67 Total 70,730.00 506,452.54 69:q*'ff"#,,8 S;rr;# @HqE/^r,,^r-^,?' b-"ry
  9. 9. NOTE-I1 Revenue from NOTE.12 Other lncome o SR No Revenue from Operations 31st March, 2018 31st March, 2017 A 3 4 5 6 1 2 t 2 B Sale of Services Receipts for Look at Me Receipts for Consuttation Fees Receipts for Heatth Qamp Receipts for HOG Receipts for Medicine Detivery Business Support Services Receipts from lnvestor Receipts on Software lmplementation Eros Lab PTE Ltd (Reimbursement of Expenses) 107,947.77 1,407,123.97 31,499.37 20,246.05 2,314,814.00 2,145,305.O0 : 32,479.97 377,495.66 40,505.00 11.79 52,715,499.05 6,372,773.77 Total 5,026,935.15 59,538,753.24 SR No Particulars 31st March, 2018 31st March, 201 7 ! 2 3 4 5 Short / Excess Sundry Batances Written off Capitat Gain of Transfer of Fixed Asset STCG on Slump Sate Other Receipts 33,532.08 555,802.00 15,614,069.06 762,115.O0 10.00 32.25 Total 16,365,5t7.L4 42.25 NOTE-13 31st March, 201 7 Emptoyers Contribution to ESIC Employers Labour Welfare Fund lncentive Leave Encashment ntertainment Expenses - Staff "' 13,741,326.00 1,593,616.00 173,904.00 193.50 242,621.00 354,129.00 132,437.00 116,163.00 16,500.00 79,1,62.00 31,939,916.00 2,593,936.00 54,976.00 123.75 1,117,092.00 56,005.00 352,809.00 368,977.83 232,886.00 & 138,945.00 {9 @% ff d6n,)? w#
  10. 10. NOTE.14 Finance Cost SR No Particulars 31st March, 2018 3 1st March, 201 7 L 2 Bank Charges lnterest Paid to others for unsecured Loans 173,521.70 65,577.92 Tota! L73,52L.70 65,577.92 NOTE.15 Other Other expenses 31st March, 2018 3 1st March, 20 1 7 7 8 9 10 tI 72 13 1.4 15 15 L7 18 191 Consuttation fees Exhibition Expenses ject & Development Charges Hosting/ Domain Charges tware Devetopment Charges Business Promotion Expenses lnterest on TDS Payments lnternet Expenses Legat & Documentation Charges Legat & Professional Fees inary Expenses Written off Travelling Expenses - Overseas Water & Electricity Charges Festival Expenses Fiting Fees mptoyees Contribution to EPF terest on Labour Wetfare Fund 600,969.15 1,859,972.05 271,964.00 263,974.20 133,497.90 32,465.00 18,794.56 5,885.00 367,333.00 92,195.O0 350,000.00 270,975.00 76,452.00 5,92L.O0 4,764.00 L,557,500.00 54,739.00 L24,320.O0 77E,644.OO 77,630.00 2L5,704.00 7,900.00 2,845.OO 452.OO 624,078.74 85,556.00 6,937,260.97 14,325.00 8,383,391.00 375,563.00 461,533.74 109,228.64 113,145.37 158,027.00 34,216.39 16,255.20 186,842.00 22,500.OO 8,050.00 543,385.00 7,270.00 623,470.0O 25,210.00 153,905.00 174,443.OO 5,921.OO 50,597.00 2,293,750.00 2!8,266.00 303,420.00 267,585.OO 69,422.00 LO,920.33 367,421.00 35,445.00 1,339.00
  11. 11. SR No Audit fees 31st March, 2018 31st March, 2017 1 2 3 4 5 6 Payments to the auditor as a. auditor, b. for taxation matters, c. for company law matters, d. for management services, e. for other services, f. for reimbursement of expenses; 25,000.00 25,000.00 Total 25,000.00 25,000.00
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  15. 15. INFRADIGITAL TECHNOLOGIES PVT. LTD. 6414, Juhu sangeeta Apartments, Juhu Road, Near sNDT college, Mumbai, MH-400054 NOTE'16' SIGNIFICANT ACCOI.]NTING POTICIES AND NOTES TO ACCOUNTS FORMING PART OF ACCOLINTS FORTI{E YEARENDED 31st MARCH 2018 A. Background INFRADIGmAL TECHNOLOGIES PRMTE LIMfIED (the company) was incorporated on 10th August, 2015. The company was incorporated principally to advise, provide consultancy services, develop and implement products for customers on all matters regarding implementation of computer software and hardware systems, management of data processing and information systems and data communication systems whether in India/abroad. The company has not earned any profit for the year ended 31st March,20lg. As on 21't August 2017, the Business has been Slump Sale to Innertech Media Solutions Private Limited and Infradigita! Techaologies Pvt. Ltd. Is on Shut Down Procedure. During the Financial Year 2017-lB as on 20.h March 201g, one Director - Karan Singh Bedi of the Company has resigned and Mr. Anand Shankar Kamtam has been appointed as a New Director in the Company. Karaa Singh Bedi held one share in the company of RS 10 which has been transferred by him to Sagar surender sadhwani as on 20th March 201g.
  16. 16. B. Significant Accounting Policies a. Basis of accounting The financial statements have been prepared irr accordance with the generally accepted accounting principles in India and to comply with the applicable Accounting Standards prescribed in the Companies (Accounting standards) Rules, 2006 issued by the Central Government in exercise of the powers conferred uader section 469 of the Companies Act, 2ol} and relevant presentational requirements and are based on historical cost convention. In preparing these financial statements, accrual basis of accounting has been followed, unless otherwise stated. c. Revenue recognition The Company recognizes income on accrual basis. However, where the ultimate collection of the same lacks reasonable certainty, revenue is postponed to the extent of uacertainty. d. Foreigncurencytransactions Foreign crurency transactions are recorded by applymg the exchange rate prevalent on the date oftransaction. Monetary items denominated in foreign currencies at the year-end are translated at the exchange rates prevailing on the date of Balance Sheet. Any income or expense on accolmt of exchange difference either on settlement or on translation of transactions is recognised in the Profit & Loss Account. e. Taxation Provision for current tax is made after taking into consideration benefits admissible under the provisions of Income Tax Act, 1961. Deferred-tax resulting from timing differences between taxable income and accounting income'is accounted for using the tax rates and laws that are enacted or substantively enacted as on the balance sheet date. The deferred tax asset is recognized and carried forward only to the extent that there is virtual certainry that the asset will be realized in future /v,9rtt l* ))^o&, ;{.y
  17. 17. f. Earning Per Share Basic earnings/(Ioss) per share is calculated by dividing the net profiV(loss) for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. g. Investment i Current investments are carried at the lower of cost or quoted/fair value. Long term investments are stated at cost. Provision for diminution in the value of long-term investments is made only if such a decline is other than temporary. h. Retirement benefits Leave Encashment benefits payable to employees are accounted for on the accrual basis. i. Borrovring Costs Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalised as pa$ of the cost of such assets. A qualifying asset is one that necessarily takes a substantial period of time to get ready for its intended use. AII other borrowing costs are charged to revenue. j. Leases Leases where the lessor effectively retains subst'antially all the risk and benefits of ownership of the leased term are classified as operating leases. Operating lease payments are recognized as an expense in the profit and loss account on a straight line basis over the lease term. . r k. Provisions, C.ontingent Liabilities and Contingent Assets Provisions are recognised in respect of obligatior, *h"i", based on the evidence available, their existence at the balance sheet date is considered probable. Contingent liabilities are disclosed by way of notes to accounts in respect of obligations where, based on the evidence available their existence at the balance sheet date is considered not probable. Contingent assets are not recognised in ffiffi W*#9 the accounts.
  18. 18. c. C. Notes To Accounts The company is a Small and Medium sized company (sMC) as defined, in the General Instructions in respect of Accounting Standards notified under the' companies Act, 2013. Accordingly, the company has complied with the Accounting standards as applicable to a Small and Medium sized company. Contingent Liabilities Estimated amount of contracts remaining to be executed on capital account is ML. Provisions of the payment of Gratuity Act, the Provident Fund Act and Employee's State Insurance Act etc. are applicable to the company during the current financial year. The Company has made the Provisions and Payment of Provident Fund and ESIC at Regular Intervals. The company is availing exemption for disclosure requirements as specified in AS 15 and actuarial valuation of retirement benefits. Leave Encashment benefits payable to employees are accounted for onthe accrual basis. Accounting Standard -17 relating to "segment reporting" is not applicable as the company has only one reportable segment. The Government of India has promulgated an Ac[ namely The Micro, Sma]I and Medium Enterprises Development Act, 2006 which came into force with effect from October 2, 2006.As per the Act, the Company is required to identify the Micro and Small suppliers and pay interest to them on overdue beyond the specified period irrespective of the terms agreed with the 's'trppliers. As per the information available with the company, there are no creditors falling under the said category. Therefore, the prescribed disclosures for liability of interest on overdue payments have not been given. d. b.
  19. 19. 1. 2. g. Related Party Transactions: Details of contracts or arranBements or transactions not at arm's length basis: Nil'. Related Pa sL. NO. Name of Related Party Relation 1. Sagar isurender Sadhwani Director 2. Karan Singh Bedi Previous Director 3. Anand Shankar Kamtam New Director 4. House of God Enterprise being controlled by the Key Management 5. Eros Labs PTE Singapore Holding Company of lnfradigital Technologies private Limited 3. Details of material contracts or arrangement or transactions at arm's length basis: (Rs. ln Lacs Transactions made during the year Name(s) of the related party Balance as on 31st March'2018 1. Balances Outstanding at the end of the year - Payables Sagar Surender Sadhwani 59.00 2. Balances Outstanding at the end of the year - Payables Karan Singh Bedi 2.L7 3. Balances Outstanding at the end of the year - Payables Eros Labs PTE Singapole 155.81_
  20. 20. Particulars Year Ended 31.3.2018 Year Ended 31.3.20t7 (i) Net Profit/(Loss) attributable to equity shareholders (10,99,799) (447,477) (ii) Weighted average number of equity shares used i as denominator for calculating EPS 10000 10000 (iii) Basic Earnings per share of Rs.10 each (108.e7) (44.75) h. Earnings Per Share (EPS): (Amount in Rs.) h. DebiVCredit balances included in Sundry Debtors, Loans and Advances, Current liabilities are pending confirmation and consequential reconciliation. Adjustments in this respect, in the opinion of the management are not likely to be material and would be carried out as and when ascertained. i. In the opinion of the board, currents assets, loans and advances have a value on realisali6l in the ordinary course of business at equal to the amount at which they are stated. t. In accordance with the Accounting Standard-22 " Accounting for Taxes on Income" issued by the Institute Of Chartered Ac&untants of India, the company has certain amounts eligible to create Deferred Tax assets (DTA). During the year, there is a Deferred Tax Assets created in the books due to the timing differences in Fixed Assets. k Foreign Currency Transactions During the Year: Foreign Currency received during the year for the Reimbursement of Expenses was 21,45,3051- (I].IR). .:. l. The Company has been registered under GST. During the Financial Year 2Ol7-18, the GST Return filing for the company is yet to be complied with. 6js ff,6",)? e'--
  21. 21. m. Schedules 1 to 15 form integral part of accounts For Tiwari & Mishra Chartered Accountants Firm Regn.No.: 01 CA. K. Tiwari Partner Membe. No.501419 Place: New Delhi Date: 20d August, 2018 d Sagar S' :irderadhwani Direct Director DIN- 02942810DIN- 03 '59502 Place: Mumbai Place: Mumbai Date:2Oth August, 2018 Dare: 20m Augusr, 201g #3