SUBSIDIARY COMPANIES - ITC Ltd

More documents

Recommendations

Info

NOTES TO THE ACCOUNTS As at As at March 31, 2012 March 31, 2011 (`) (`) 1. Share capital Authorised 10,000,000 (2010-11: 10,000,000) equity shares of ` 10 each (See notes (a), (b) and (c) below) 10,00,00,000 10,00,00,000 Issued 5,510,004 (2010-11: 5,510,004) equity shares of ` 10 each 10,00,00,000 10,00,00,000 (See notes (a), (b) and (c) below) 5,51,00,040 5,51,00,040 Subscribed and paid up 5,510,004 (2010-11: 5,510,004) equity shares of ` 10 each fully paid-up 5,51,00,040 5,51,00,040 (See notes (a), (b) and (c) below) 5,51,00,040 5,51,00,040 Total a) Shares held by holding Company Equity Shares 5,510,004 (2010-11: 5,510,004) Equity shares of ` 10 each, fully paid up are held by the holding company Wimco Limited 5,51,00,040 5,51,00,040 and its nominees. b) Name of share holders holding more than 5% of the shares of the Company Equity Shares 5,51,00,040 5,51,00,040 Wimco Limited , the holding Company 55,10,004 55,10,004 100% 100% c) Rights, preferences and restrictions attached to shares The Ordinary Shares of the Company, having par value of ` 10/- per share, rank pari passu in all respects including entitlement to dividend. Repayment of capital in the event of winding up of the Company will inter alia be subject to the provisions of the Articles of Association of the Company and as may be determined by the Company in General Meeting prior to such winding up. 50 PAVAN POPLAR LIMITED As at As at March 31, 2012 March 31, 2011 (`) (`) 2. Reserves and surplus General reserve 5,00,000 5,00,000 Surplus in the statement of profit and loss Balance at the beginning of the year 1,39,59,813 1,35,16,637 Add : Profit for the year 3,32,228 4,43,176 1,42,92,041 1,39,59,813 Total 1,47,92,041 1,44,59,813 3. Long-term provisions Provisions for employee benefits Provision for leave encashment 1,05,737 96,238 Total 1,05,737 96,238 4. Trade payables Total outstanding dues of micro enterprises and small enterprises (see note 24) — — Total outstanding dues of creditors other than micro enterprises and small enterprises 4,53,050 3,30,276 Total 4,53,050 3,30,276 5. Other current liabilities Advances from customers 3,12,279 3,56,753 Employee benefits payable 2,32,180 1,97,121 Statutory dues payable* 17,11,220 16,96,718 Total *Statutory dues payable include 22,55,679 22,50,592 Tax deducted at source -'TDS' 33,853 22,885 Provident fund 28,367 24,833 Stamp duty 16,49,000 16,49,000 17,11,220 16,96,718 6. Short-term provisions Provisions for employee benefits : Provision for gratuity 7,77,486 6,11,359 Provision for leave encashment Provision for income tax 11,749 1,468 (net of advance taxes ` 72,772) 7,829 — Total 7,97,064 6,12,827 7. Fixed Assets GROSS BLOCK ACCUMULATED DEPRECIATION/IMPAIRMENT Amount In (`) NET BLOCK As at April 1, 2011 As at March 31, 2012 As at Additions Deduction As at Charge As at As at Description April 1, during the during the, March 31, Depreciation Impairment for the Depreciation Impairment March 31, March 31, Tangible asset 2011 year year 2012 year 2012 2011 Leasehold land 4,49,33,855 — — 4,49,33,855 1,80,68,422 32,59,487 11,51,509 1,92,19,931 32,59,487 2,24,54,437 2,36,05,946 Total 4,49,33,855 — — 4,49,33,855 1,80,68,422 32,59,487 11,51,509 1,92,19,931 32,59,487 2,24,54,437 2,36,05,946 2010-11 4,49,33,855 — — 4,49,33,855 1,69,16,913 32,59,487 11,51,509 1,80,68,422 32,59,487 2,36,05,946 8. Long Term Loans and Advances As at As at March 31, 2012 March 31, 2011 (`) (`) Unsecured, considered good With holding company* 2,50,00,000 2,80,00,000 Total 2,50,00,000 2,80,00,000 *The loan is interest free, receivable by March 31, 2014 9. Inventories Work-in-progress - Agri produces 30,07,884 26,36,806 Work-in-progress - Poplar trees 1,18,90,551 75,66,664 Finished goods 57,891 17,149 Total 1,49,56,326 1,02,20,619 As at As at March 31, 2012 (`) March 31, 2011 (`) 10. Trade receivables Trade receivables outstanding for a period exceeding six months from the date they are due for payment Unsecured, considered good * Others 82,87,088 83,60,629 Unsecured, considered good 77,213 — Total 83,64,301 83,60,629 *Includes amount due from Wimco Limited, holding company ` 82,87,088 (2010 - 11 : ` 82,87,088) 11. Cash and cash equivalents Cash and cash equivalents Balances with bank : - In current accounts 1,05,365 2,40,697 Cash on hand 6,328 12,582 Total 1,11,693 2,53,279
NOTES TO THE ACCOUNTS As at As at March 31, 2012 March 31, 2011 (`) (`) 12. Short-term loans and advances Unsecured, considered good Receivable from holding company Sundry advances to supplier, 25,84,034 23,29,547 employees etc. 6,367 1,548 Prepaid expenses Advance tax and tax deducted at source 26,453 4,444 (net of provision ` nil (2010-11 : ` 65,591) — 4,972 Total 26,16,854 23,40,511 13. Other current assets Security deposits — 68,802 Total — 68,802 14. Other operating revenue Insurance Claims 1,15,609 — Total 1,15,609 — 17. Employee benefits expense PAVAN POPLAR LIMITED As at As at March 31, 2012 March 31, 2011 (`) (`) 15. Cost of seeds Poplar ETP's 2,05,344 5,34,934 Seeds 5,64,572 3,73,338 Total 7,69,916 9,08,272 16. Changes in inventory, work-in-progress and stock in trade (Increase)/decrease in stocks Stock at the end of the year Finished goods 57,891 17,149 Work-in-progress - Agri produces 30,07,884 26,36,806 Work-in-progress - Poplar trees 1,18,90,551 75,66,664 Total A 1,49,56,326 1,02,20,619 Less: Stock at the beginning of the year Finished goods 17,149 79,575 Work-in-progress - Agri produces 26,36,806 29,59,441 Work-in-progress - Poplar trees 75,66,664 42,25,965 Total B 1,02,20,619 72,64,981 (Increase) / decrease in stocks (B-A) (47,35,707) (29,55,638) Year Ended Year Ended March 31, 2012 March 31, 2011 (`) (`) Salaries, wages and bonus 21,42,793 17,95,746 Contribution to provident and other funds 3,55,634 3,42,855 Workmen and staff welfare expenses 1,11,720 1,02,942 26,10,147 22,41,543 (`) Defined Benefit Plans Gratuity ( Unfunded) Leave Encashment 2011-12 2010-11 2011-12 2010-11 Change in obligation during the year 1. Obligation at the beginning of the year 6,11,359 4,42,430 97,706 80,073 2. Service cost 36,013 36,910 25,809 25,493 3. Interest cost 40,757 35,394 6,514 6,406 4. Actuarial (Gains) /Losses 1,05,972 1,19,443 (12,543) (8,526) 5. Benefits’ payments (16,615) (22,818) — (5,740) 6. Obligations at the end of the year Change in plan assets 7,77,486 6,11,359 1,17,486 97,706 1. Plan assets at the beginning of the year — — — — 2. Expected return on plan assets — — — — 3. Contribution by employers 16,615 22,818 — 5,740 4. Actual benefits paid (16,615) (22,818) — (5,740) 5. Actuarial Gains/(Losses) — — — — 6. Plan assets at the end of the year Reconciliation of present value of the obligation and the fair value of the plan assets — — — — 1. Fair value of plan assets at the end of the year — — — — 2. Present value of the defined benifit obligation at the end of the period 7,77,486 6,11,359 1,17,486 97,706 3. Asset/(Liability) recognised in the balance sheet Cost for the period (7,77,486) (6,11,359) (1,17,486) (97,706) 1. Service cost 36,013 36,910 25,809 25,493 2. Interest cost 40,757 35,394 6,514 6,406 3. Return on plan asset — — — — 4. Actuarial (gains)/losses 1,05,972 1,19,443 (12,543) (8,526) 5. Past service cost — — — — Net cost Actuarial assumptions : 1,82,742 1,91,747 19,780 23,373 1. Discount rate 8.25% 8.00% 8.25% 8.00% 2. Salary escalation 4.00% 4.00% 4.00% 4.00% 3. Expected return on plan assets N/A N/A N/A N/A Net asset/(liability) For the year ended For the year ended For the year ended For the year ended recognised in Balance Sheet March 31, 2012(`) March 31, 2011(`) March 31, 2010(`) March 31, 2009(`) (including experience Leave Leave Leave Leave adjustment impact) Gratuity Encashment Gratuity Encashment Gratuity Encashment Gratuity Encashment 1. Present value of defined benefit obligation 7,77,486 1,17,486 6,11,359 97,706 4,42,430 80,073 4,17,806 99,795 2. Status [surplus/(deficit)] (7,77,486) (1,17,486) (6,11,359) (97,706) (4,42,430) (80,073) (4,17,806) (99,795) There are no experience adjustments of plan assets / obligations as at March 31, 2012 (March 31, 2011: nil) A. Amounts recognised as an expense and included in note 17 - "employee benefits expense" ` 19,780 [2010-11: ` (23,373)] for leave encashment. B. The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market. 51
Page 1: SUBSIDIARY COMPANIES Russell Credit
Page 4 and 5: ANNEXURE TO THE REPORT OF THE DIREC
Page 6 and 7: 6 RUSSELL CREDIT LIMITED BALANCE SH
Page 8 and 9: NOTES TO THE FINANCIAL STATEMENTS F
Page 16 and 17: ANNEXURE TO THE AUDITORS’ REPORT
Page 22 and 23: DIRECTORS’ REPORT TO THE MEMBERS
Page 24 and 25: to its bankers. The Company did not
Page 26 and 27: CASH FLOW STATEMENT FOR THE YEAR EN
Page 28 and 29: NOTES TO THE ACCOUNTS As at As at M
Page 30 and 31: NOTES TO THE ACCOUNTS 11. Fixed ass
Page 32 and 33: NOTES TO THE ACCOUNTS Year Ended Ye
Page 34 and 35: NOTES TO THE ACCOUNTS 26. Finance c
Page 36 and 37: NOTES TO THE ACCOUNTS 5. Transactio
Page 38 and 39: NOTES TO THE ACCOUNTS 43 - Signific
Page 40 and 41: DIRECTORS’ REPORT TO THE MEMBERS
Page 42 and 43: (vii) In our opinion, the Company h
Page 44 and 45: NOTES TO THE ACCOUNTS 1. Share capi
Page 46 and 47: 23. Significant accounting policies
Page 48 and 49: of services. We have not observed a
Page 52 and 53: NOTES TO THE ACCOUNTS 21. Segment i
Page 54 and 55: DIRECTORS’ REPORT FOR THE YEAR EN
Page 56 and 57: 56 TECHNICO PTY LIMITED BALANCE SHE
Page 58 and 59: (c) Foreign currency translation Th
Page 60 and 61: 60 TECHNICO PTY LIMITED NOTES TO AN
Page 62 and 63: NOTES TO AND FORMING PART OF FINANC
Page 64 and 65: NOTES TO AND FORMING PART OF FINANC
Page 66 and 67: BALANCE SHEET AS AT MARCH 31, 2012
Page 68 and 69: 5. Liquidity Risk Liquidity risk is
Page 70 and 71: ANNEXURE TO THE REPORT OF DIRECTORS
Page 72 and 73: CASH FLOW STATEMENT FOR THE YEAR EN
Page 74 and 75: 74 TECHNICO AGRI SCIENCES LIMITED N
Page 76 and 77: Notes to financial statements for t
Page 78 and 79: NOTES TO FINANCIAL STATEMENTS FOR T
Page 80 and 81: Notes to financial statements for t
Page 82 and 83: DIRECTORS’ REPORT FOR THE YEAR EN
Page 84 and 85: 84 TECHNICO ASIA HOLDINGS PTY LIMIT
Page 86 and 87: Note 4: Trade and other payables 20
Page 88 and 89: BALANCE SHEET AS ON 31st DECEMBER 2
Page 90 and 91: INCOME AND PROFIT DISTRIBUTION STAT
Page 92 and 93: NOTES TO FINANCIAL STATEMENTS 1. Br
Page 94 and 95: NOTES TO FINANCIAL STATEMENTS (Cont
Page 96 and 97: ANNEXURE TO AUDITORS’ REPORT (con
Page 98 and 99: NOTES TO THE FINANCIAL STATEMENTS 1
Page 100 and 101:
NOTES TO THE FINANCIAL STATEMENTS (
Page 102 and 103:
Page 104 and 105:
14. The Board of Directors of the C
Page 106 and 107:
BALANCE SHEET As at March 31, 2012
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
22. There were no transactions nece
Page 116 and 117:
STATEMENT OF PROFIT AND LOSS FOR TH
Page 118 and 119:
NOTES TO THE ACCOUNTS (Contd.) For
Page 120 and 121:
adequate accounting records in acco
Page 122 and 123:
given to us, the Company has not gi
Page 124 and 125:
NOTES TO THE FINANCIAL STATEMENTS N
Page 126 and 127:
14 CASH AND BANK BALANCES Cash and
Page 128 and 129:
128 ITC INFOTECH INDIA LIMITED IX.
Page 130 and 131:
REPORT OF THE DIRECTORS Your Direct
Page 132 and 133:
132 ITC INFOTECH LIMITED CASH FLOW
Page 134 and 135:
Unaudited Unaudited 2012 2012 2011
Page 136 and 137:
17. Reconciliation of movements in
Page 138 and 139:
138 ITC INFOTECH (USA), INC. BALANC
Page 140 and 141:
NOTES TO THE FINANCIAL STATEMENTS M
Page 142 and 143:
NOTE F - INTANGIBLE ASSETS The Comp
Page 144 and 145:
144 PYXIS SOLUTIONS, LLC. USA STATE
Page 146 and 147:
Page 148 and 149:
ANNEXURE TO THE AUDITORS' REPORT TO
Page 150 and 151:
NOTES TO THE FINANCIAL STATEMENTS N
Page 152 and 153:
Page 154 and 155:
REPORT OF THE DIRECTORS FOR THE FIN
Page 156 and 157:
156 GOLD FLAKE CORPORATION LIMITED
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
162 together with the notes thereon
Page 164 and 165:
CASH FLOW STATEMENT FOR THE YEAR EN
Page 166 and 167:
NOTES TO THE ACCOUNTS (Contd.) As a
Page 168 and 169:
NOTES TO THE ACCOUNTS (Contd.) As a
Page 170 and 171:
NOTES TO THE ACCOUNTS (Contd.) Esti
Page 172 and 173:
NOTES TO THE ACCOUNTS (Contd.) 172
Page 174 and 175:
Page 176 and 177:
BALANCE SHEET (All amounts in `, un
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
184 MRR TRADING & INVESTMENT COMPAN
Page 186 and 187:
Page 188 and 189:
Annexure I Sl. No. Name of Director
Page 190 and 191:
PROFIT AND LOSS ACCOUNT FOR THE YEA
Page 192 and 193:
STATEMENT OF CHANGE IN EQUITY FOR T
Page 194 and 195:
194 SURYA NEPAL PRIVATE LIMITED SCH
Page 196 and 197:
196 SURYA NEPAL PRIVATE LIMITED SCH
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
show all

SUBSIDIARY COMPANIES - ITC Ltd

Create successful ePaper yourself

Delete template?

Save as template?