SUBSIDIARY COMPANIES - ITC Ltd

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184 MRR TRADING & INVESTMENT COMPANY LIMITED CASH FLOW STATEMENT (All amounts in `, unless otherwise stated) For the year ended For the year ended 31st March, 2012 31st March, 2011 (`) (`) A. Cash Flow from Operating Activities: Profit/(Loss) before taxation Changes in Working Capital: — — Increase/(Decrease) in trade payables 247 — Cash Generated from Operations 247 — Taxes paid — — Net cash generated from operations activities 247 — B. Cash flow from Investing Activities: — — C. Cash flow from Financing Activities: — — Net increase in cash and cash equivalents 247 — Cash and cash equivalents at beginning of year 89,956 89,956 Cash and cash equivalents at end of year 90,203 89,956 Cash and cash equivalents comprise of: Cash on Hand — — Balances with Banks 90,203 89,956 Total 90,203 89,956 1. The above cash flow statement has been prepared under the “Indirect Method” as set out in AS-3 on ‘Cash Flow Statements’. 2. The comparitive figures for the previous year have been re-arranged to conform with the revised presentation of the accounts. This is the Cash Flow Statement referred to in our report of even date. For Lovelock & Lewes Firm Registration No. 301056E Chartered Accountants Sunit Kumar Basu Partner Membership No: 55000 Hyderabad, 2nd May, 2012 Notes to the financial statements 1 General Information MRR Trading & Investment Company Limited is a wholly owned subsidiary of BFIL Finance Limited. MRR is having tenancy rights in a commercial premise at Eucharistic Congress Building No.1, 4th Floor, 5 Convent Street, Colaba, Mumbai 400 039. The premise is owned by Roman Catholic Cathedral Trust. 2 Summary of significant accounting policies 2.1 Basic of preparation These financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost convention on accrual basis based on the principle of going concern. All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other criteria set out in the Schedule VI to the Companies Act, 1956. Based on the nature of products and the time between the acquisition of assets for processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of current – non current classification of assets and liabilities. 3 Share Capital 3.1 Break up of Share Capital As at As at March 31, 2012 March 31, 2011 (`) (`) Authorised: 50,000 (2011:50,000) equity shares of ` 10/- each 5,00,000 5,00,000 Issued: 50,000 (2011:50,000) equity shares of ` 10/- each 5,00,000 5,00,000 Subscribed and paid up: 50,000 (2011:50,000) equity shares of ` 10/- each 5,00,000 5,00,000 Total 5,00,000 5,00,000 For and on behalf of the Board of Directors P. K. Sen Director M. Yelamanda Director 3.2 Rights, preferences and restrictions attached to shares Equity Shares: The company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding. 3.3 Out of the above shares, 49,994 shares are held by BFIL Finance Limited, the holding company and the balance 6 shares are held by nominees of the holding company jointly with the holding company. There is no movement in the shareholder's equity during the year, including the previous year. 4 Reserves and Surplus As at As at March 31, 2012 March 31, 2011 (`) (`) Surplus/(Deficit) in Statement of Profit and Loss Balance as at the beginning of the year (4,16,160) (4,16,160) Profit/(Loss) for the year — — Balance as at the end of the year (4,16,160) (4,16,160) 5 Trade Payables Trade Payables (Refer note 11 below) 13,483 13,236 Total 13,483 13,236 6 Long-term loans and advances Balances with Government Authorities 7,120 7,120 Total 7,120 7,120 7 Cash and Bank balances Cash and Cash equivalents Bank balance in current account 90,203 89,956 Total 90,203 89,956
Notes to the financial statements (Contd.) (All amounts in `, unless otherwise stated) 8 Other expense As at As at March 31, 2012 March 31, 2011 (`) (`) Rent 85,560 83,592 Rates & Taxes 61,872 61,872 Water Charges Payment to Auditors 7,009 11,625 Audit Fee Reimbursement of Expenses 12,000 12,000 (including service tax) 1,483 1,236 Professional Fees 4,965 — Bank Charges 55 138 Total 1,72,944 1,70,463 9 Earnings per share Profit/(Loss) after tax Weighted average number of — — equity shares Basic and Diluted earnings per 50,000 50,000 share (face value of Rs. 10) — — 10 The earnings considered in ascertaining the Company's Earning Per Share (EPS) comprise net profit/(loss) after taxation. The number of shares considered in computing Basic and Diluted EPS is the weighted average number of shares outstanding during the year. Segment Reporting The Company operates in a single business segment and hence no further disclosure is being made. MRR TRADING & INVESTMENT COMPANY LIMITED 11 Micro, Small and Medium Enterprise Development Act, 2006 There are no Micro and Small enterprises, to which the company owes dues, or with which the company had transactions during the year, based on the information available with the company. 12 Related party disclosures (a) Names of related parties and nature of relationship: Where control exists Holding Company: BFIL Finance Limited (b) Transactions/Balances Holding Company March 31, 2012 March 31, 2011 (`) (`) Transactions: Reimbursement of expenses Balances at the year end 1,72,944 1,70,463 Receivables — — 13 The financial statements for the year ended March 31, 2011 had been prepared as per the then applicable, pre-revised Schedule VI to the Companies Act, 1956. Consequent to the notification of Revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended March 31,2012 have been prepared as per Revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to current year’s classification. The adoption of Revised Schedule VI for previous year figures does not impact recognition and measurement principles followed for preparation of financial statements. 185
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SUBSIDIARY COMPANIES Russell Credit
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ANNEXURE TO THE REPORT OF THE DIREC
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6 RUSSELL CREDIT LIMITED BALANCE SH
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NOTES TO THE FINANCIAL STATEMENTS F
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ANNEXURE TO THE AUDITORS’ REPORT
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DIRECTORS’ REPORT TO THE MEMBERS
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to its bankers. The Company did not
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CASH FLOW STATEMENT FOR THE YEAR EN
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NOTES TO THE ACCOUNTS As at As at M
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NOTES TO THE ACCOUNTS 11. Fixed ass
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NOTES TO THE ACCOUNTS Year Ended Ye
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NOTES TO THE ACCOUNTS 26. Finance c
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NOTES TO THE ACCOUNTS 5. Transactio
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NOTES TO THE ACCOUNTS 43 - Signific
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DIRECTORS’ REPORT TO THE MEMBERS
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(vii) In our opinion, the Company h
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NOTES TO THE ACCOUNTS 1. Share capi
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23. Significant accounting policies
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of services. We have not observed a
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NOTES TO THE ACCOUNTS As at As at M
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NOTES TO THE ACCOUNTS 21. Segment i
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DIRECTORS’ REPORT FOR THE YEAR EN
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56 TECHNICO PTY LIMITED BALANCE SHE
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(c) Foreign currency translation Th
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60 TECHNICO PTY LIMITED NOTES TO AN
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NOTES TO AND FORMING PART OF FINANC
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NOTES TO AND FORMING PART OF FINANC
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BALANCE SHEET AS AT MARCH 31, 2012
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5. Liquidity Risk Liquidity risk is
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ANNEXURE TO THE REPORT OF DIRECTORS
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CASH FLOW STATEMENT FOR THE YEAR EN
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74 TECHNICO AGRI SCIENCES LIMITED N
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Notes to financial statements for t
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NOTES TO FINANCIAL STATEMENTS FOR T
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Notes to financial statements for t
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DIRECTORS’ REPORT FOR THE YEAR EN
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84 TECHNICO ASIA HOLDINGS PTY LIMIT
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Note 4: Trade and other payables 20
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BALANCE SHEET AS ON 31st DECEMBER 2
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INCOME AND PROFIT DISTRIBUTION STAT
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NOTES TO FINANCIAL STATEMENTS 1. Br
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NOTES TO FINANCIAL STATEMENTS (Cont
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ANNEXURE TO AUDITORS’ REPORT (con
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NOTES TO THE FINANCIAL STATEMENTS 1
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NOTES TO THE FINANCIAL STATEMENTS (
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14. The Board of Directors of the C
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BALANCE SHEET As at March 31, 2012
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22. There were no transactions nece
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STATEMENT OF PROFIT AND LOSS FOR TH
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NOTES TO THE ACCOUNTS (Contd.) For
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adequate accounting records in acco
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given to us, the Company has not gi
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NOTES TO THE FINANCIAL STATEMENTS N
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14 CASH AND BANK BALANCES Cash and
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128 ITC INFOTECH INDIA LIMITED IX.
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REPORT OF THE DIRECTORS Your Direct
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132 ITC INFOTECH LIMITED CASH FLOW
Page 134 and 135: Unaudited Unaudited 2012 2012 2011
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Page 142 and 143: NOTE F - INTANGIBLE ASSETS The Comp
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Page 198 and 199: SCHEDULES TO THE ACCOUNTS (Contd.)
Page 200 and 201: STATEMENTS OF CASH FLOWS YEAR ENDED
Page 202: NOTE 12 - INCOME TAXES Income taxes
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SUBSIDIARY COMPANIES - ITC Ltd

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