Connected world - KPIT Cummins

More documents

Recommendations

Info

Sparta Infotech India Private Limited Cash Flow Statement for the year ended Particulars A] CASH FLOWS FROM OPERATING ACTIVITIES March 31, 2011 ` Net profi t/(loss) before tax Adjustments for 109,226,517 (Profi t)/loss on sale of fi xed assets (net) 699 Depreciation/Amortization 16,690,165 Interest and fi nancial charges 14,970 Operating Profi t before working capital changes Adjustments for 125,976,671 (Increase)/Decrease in Sundry Debtors (114,201,128) (Increase)/Decrease in Loans and Advances (1,103,898) Increase/(Decrease) in Current Liabilities and Provisions 19,212,240 Cash generated from operations 29,883,885 Taxes Paid 191,423 Net cash from operating activities B] CASH FLOW FROM INVESTING ACTIVITIES 30,075,308 Purchase of fi xed assets and Intangible assets (including CWIP) (27,192,654) Proceeds from the sale of fi xed assets 17,600 Increase in investments in subsidiaries - Sale of Investments in shares of banks/Mutual funds - (Increase)/Decrease in advances for acquisitions - Sale of investment - Proceeds from liquidation of subsidiary - <strong>KPIT</strong> Systems L.L.C , Dubai, ME - Purchase of Mutual Fund Investments - Interest received 2,856 Dividend received from Mutual Fund Investments - Fixed Deposit with banks (net) having maturity over three months - Net Cash from/(used in) investing activities C] CASH FLOW FROM FINANCING ACTIVITIES (27,172,198) Interest and fi nance charges (14,970) Net cash from/(used in) fi nancing activities (14,970) D] Exchange differences on translation of foreign currency cash and cash equivalents - Net Increase/(decrease) in cash and cash equivalents (A + B + C + D) 2,888,140 Cash and cash equivalents at close of the year (refer Note 1 below) 14,629,361 Cash and cash equivalents at beginning of the year (refer Note 1 below) 11,741,221 Cash surplus/(defi cit) for the year 2,888,140 Note 1: Cash and cash equivalents include: - Cash on hand Balance with scheduled banks 22,445 - On current accounts 13,606,915 - On deposit account 1,000,000 Cash and cash equivalents at the end of the year as per Schedule VII Note 2: 14,629,361 The above cash fl ow statement has been prepared under the indirect method as set out in Accounting Standard 3 on cash fl ow statements For and on behalf of the Board of Directors Delhi Samiksha Agrawal Vishal Jain Rohit Kayal April 14, 2011 Company Secretary Director Director 36 Schedules annexed to and forming part of the Balance Sheet as at March 31, 2011 March 31, 2010 ` ` ` ` SCHEDULE - I SHARE CAPITAL Authorized (6,000,000 equity shares of ` 10 each) 60,000,000 60,000,000 Issued, Subscribed and Paid Up (5,487,890 equity shares (PY 5,487,890) of ` 10 each fully paid up) 54,878,900 54,878,900 Total 54,878,900 54,878,900 SCHEDULE - II RESERVES AND SURPLUS Profi t and Loss Account As per last balance sheet 29,988,994 26,529,368 Add: Surplus for the year 111,222,405 141,211,399 3,459,625 29,988,995 Total 141,211,399 29,988,995
Schedules annexed to and forming part of the Balance Sheet as at SCHEDULE - III FIXED ASSETS Particulars As at April 1, 2010 Additions for the Year 2010-11 37 Financial Statement of the Subsidiaries F.Y. 2010-2011 GROSS BLOCK DEPRECIATION / AMORTIZATION NET BLOCK Deletions for the Year 2010-11 As at March 31, 2011 Up to April 1, 2010 For the Year 2010-11 On Deletions/ Discarded for the year 2010-11 Up to March 31, 2011 As on March 31, 2011 As on March 31, 2010 ` `. ` ` ` ` ` ` ` ` Intangible Assets Goodwill [Refer Note 1.5 of Schedule XV] - - - - - - - - - - Software Package Tangible Assets 4,373,627 3,108,580 - 7,482,207 2,045,134 2,144,895 - 4,190,029 3,292,178 2,328,493 Land (Leasehold) - - - - - - - - - - Building 68,605,322 2,873,800 - 71,479,122 8,927,499 4,906,040 - 13,833,539 57,645,583 59,677,823 Plant and Machinery 18,189,452 4,808,123 - 22,997,575 6,102,523 4,441,874 - 10,544,397 12,453,178 12,086,929 Computers 8,810,111 5,909,507 64,000 14,655,618 4,579,386 4,180,446 45,701 8,714,131 5,941,487 4,230,725 Furniture and fi ttings 3,494,571 1,625,000 - 5,119,571 1,443,469 938,711 - 2,382,180 2,737,391 2,051,102 Vehicles - Owned 391,000 - - 391,000 53,133 78,200 - 131,333 259,667 337,867 Total 103,864,083 18,325,010 64,000 122,125,093 23,151,144 16,690,166 45,701 39,795,609 82,329,484 80,712,939 Capital Work-in-Progress - - - - - - - - 17,020,639 9,340,832 Grand Total 103,864,083 18,325,010 64,000 122,125,093 23,151,144 16,690,166 45,701 39,795,609 99,350,123 90,053,771 March 31, 2011 March 31, 2010 ` ` ` ` SCHEDULE - IV SUNDRY DEBTORS Other Debts Considered good 118,549,213 4,420,962 Considered doubtful - - 118,549,213 4,420,962 Less: Provision for doubtful debts - 118,549,213 - 4,420,962 Total 118,549,213 4,420,962 SCHEDULE - V CASH AND BANK BALANCES Cash on hand Balance with scheduled banks 22,445 24,857 On current accounts 13,606,915 11,716,364 On deposit account 1,000,000 14,606,915 - 11,716,364 Total 14,629,361 11,741,221 SCHEDULE - VI LOANS AND ADVANCES Advances recoverable in cash or in kind or for value to be received 5,585,124 4,532,095 Advance Tax and Tax deducted at source (net of provision) 111,351 345,890 Prepaid expenses 144,055 5,840,529 126,561 5,004,545 Deposits 785,134 751,759 Interest accrued on fi xed deposits 25,699 - Income accrued but not due - - Total 6,651,362 5,756,304 SCHEDULE - VII CURRENT LIABILITIES AND PROVISIONS Current liabilities Sundry Creditors For Goods and Services 6,377,265 22,635,847 Other Liabilities 6,405,581 1,926,995 Due to Subsidiary Companies 30,061,247 - 42,844,092 24,562,841 Provisions For Taxation (net of advance tax) 10,884 - For Staff Benefi t Schemes 2,107,256 2,118,140 1,176,267 1,176,267 Total 44,962,232 25,739,108 Schedules annexed to and forming part of Profi t and Loss Account for the year ended Particulars March 31, 2011 November 13, 2009 to ‘March 31, 2010 SCHEDULE VIII - SOFTWARE DEVELOPMENT EXPENSES ` ` Salaries and Bonus 88,893,913 32,702,545 Consultancy Charges 36,178,909 377,993 Total 125,072,822 33,080,538 SCHEDULE - IX GENERAL AND ADMINISTRATION EXPENSES Staff Welfare 5,663,755 3,011,630 Travelling and Conveyance 4,385,092 857,596 Recruitment and Training Expenses 995,194 282,631 Rent 168,277 68,212 Communication Expenses 5,246,131 2,156,968 Professional and Legal Expenses 487,700 110,022 Printing and Stationery 188,585 28,899 Repairs to Plant and Machinery 657,301 (19,942) Repairs to Others 1,165,257 242,203 Power and Fuel 2,756,799 644,853 Insurance Charges Auditors Remuneration 1,522,499 419,931 Audit Fees 400,000 181,775 Out-of-Pocket Expenses 25,000 (958) Loss (net) on Sale of Assets 699 3,697 Other Miscellaneous Expenses 3,147,579 893,129 Total 46,886,179 8,880,647 SCHEDULE - X INTEREST, NET Finance Charges 14,970 5,193 Lease Charges 1,858,032 393,285 Less: 1,873,002 398,478 Interest Income 28,555 - Total 1,844,447 398,478 SCHEDULE - XI OTHER INCOME Foreign exchange gain/(loss) (5,016,869) 1,458,859 Miscellaneous Income 45,895 21,065 Total (4,970,974) 1,479,924
Page 1 and 2: Connected world FINANCIAL STATEMENT
Page 3 and 4: KPIT Infosystems Limited Registered
Page 5 and 6: Schedules to the Balance Sheet as a
Page 7 and 8: Contingent Assets are not recognize
Page 9 and 10: KPIT Infosystems Inc. Registered Of
Page 11 and 12: Schedules forming part of the Balan
Page 13 and 14: Sr. No. No Provisions is recognized
Page 15 and 16: KPIT Infosystems GmbH Registered Of
Page 17 and 18: Schedules annexed to and forming pa
Page 19 and 20: Such obligations are recorded as Co
Page 21 and 22: Cash Flow Statement for the year en
Page 23 and 24: Schedules to Profi t and Loss Accou
Page 25 and 26: KPIT Infosystems France SAS (former
Page 27 and 28: Schedules to the Balance Sheet as a
Page 29 and 30: h) Conversion into Indian Rupees Th
Page 31 and 32: Statement of Profi t and Loss for t
Page 35 and 36: h) Investments Long-term Investment
Page 37: Balance Sheet as at Schedule March
Page 41 and 42: 2.6 Earning in foreign currency (On
Page 43 and 44: Cash Flow Statement for the year en
Page 47 and 48: Statement pursuant to Section 212 o
Page 49 and 50: Notes
Page 52: REGISTERED OFFICE, CORPORATE OFFICE

Connected world - KPIT Cummins

Create successful ePaper yourself

Delete template?

Save as template?