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Sparta Infotech India Private Limited
Sparta Infotech India Private Limited
Registered Offi ce: C-157, Manu Apartments, Mayur Vihar, Phase-I, Delhi - 110 091
Directors’ Report
Dear Shareholders,
Your Directors hereby present their Report on the Audited Accounts of the Company for the period ended
March 31, 2011.
Particulars From 01.04.2010
to 31.03.2011
`
*From 13.11.2009
to 31.03.2010
`
Income from Operations 304,733,003 50,288,634
Total Expenses 171,959,001 41,961,185
PBDIT 132,774,002 8,327,450
Profi t/(Loss) before Tax (PBT) 109,226,517 4,080,224
Profi t/(Loss) after Tax (PAT) 111,222,405 3,459,625
Profi t available for appropriation 111,222,405 3,459,625
*Financial fi gures reported are for the post – acquisition period (i.e. from November 13, 2009 to
March 31, 2010)
Performance
The Company recorded revenue of ` 304.73 Million during the year.
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The Company is engaged in the business of providing software consulting, system designing, enterprise
application and computer programming services to its customers from domestic and offshore locations.
The Company has a manpower of around 244 as on March 31, 2011.
Dividend
No dividend has been recommended for the year ended March 31, 2011.
Auditors
The Statutory Auditors, M/s. S. N. Chandak & Associates, Chartered Accountants, New Delhi retire at the
ensuing Annual General Meeting and have confi rmed their eligibility pursuant to Section 224(1B) of the
Companies Act, 1956 and willingness to accept the offi ce, if re-appointed.
Directors’ Responsibility Statement pursuant to Section 217(2AA) of the Companies Act, 1956
Pursuant to Section 217 (2AA) of the Companies Act, 1956, your Directors confi rm:
a) That in the preparation of the accounts for the fi nancial year ended March 31, 2011, the applicable
accounting standards have been followed and there has been no material departure;
b) That the Directors have selected such accounting policies and applied them consistently and made
judgements and estimates that were reasonable and prudent so as to give true and fair view of the
state of affairs of the Company at the end of the said fi nancial year and of the profi t of the Company
for the said fi nancial year;
c) That the Directors have taken proper and suffi cient care for the maintenance of adequate accounting
records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of
the Company and for preventing and detecting fraud and other irregularities;
d) That the Directors have prepared the accounts for the year ended March 31, 2011 on a ‘going
concern’ basis.
Particulars of Employees under Section 217(2A) of the Companies Act, 1956
The following are details as required under the provisions of Section 217(2A) of the Companies Act, 1956
read with Companies (Particulars of Employees) Rules, 1975:
Employee Name Age (Years) Designation Qualifi cation Experience (Years) Date of joining Remuneration (in ` Lacs) Particulars of previous employment
Vishal Jain 36 Managing Director MBA 13 01-01-2008 68.86 Fujitsu Consulting
Vinod K. Mudavangatil 42 Director (Sales &
Recruitment)
Notes: Remuneration comprises basic salary, allowances and taxable value of perquisites.
Remuneration does not include Company’s contribution to provident fund and actuarial valuation of
gratuity.
None of the employees is related to any director of the Company.
None of the employees owns more than 2% of the outstanding shares of the Company as on
March 31, 2011.
The nature of employment is contractual in all the above cases.
Fixed Deposits
The Company has not accepted any deposits and, as such, no amount of principal or interest was
outstanding on the date of the Balance Sheet.
Information u/s 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of
Particulars in the Report of Board of Directors) Rules, 1988
Conservation of Energy - Though the operations of the Company are not energy intensive, yet a few energy
saving measures like using energy - effi cient computers and equipments with latest technologies have
been implemented by the Company.
Technology Absorption - The Company is constantly upgrading its technological excellence through its
Information Technology Services Group.
MBA 19 15-01-2008 66.06 Fujitsu Consulting
Foreign Exchange Earnings and Outgo – The Company has its focus on Exports and undertakes all the
possible efforts to expand its presence in the Export market geographically. Total foreign exchange
earnings for the period under review have been ` 260.03 Million and foreign exchange outgo is ` 2.19
Million.
Acknowledgements
Your Directors take this opportunity to thank all the shareholders of the Company for their continued
support.
Your Directors hereby place on record their appreciation for the co-operation and support received from all
the Customers, Vendors and bankers and also thank all the employees of the Company for their valuable
contribution in the Company.
By Order of the Board of Directors
For Sparta Infotech India Private Limited
Delhi Vishal Jain
April 14, 2011 Director