FY14 Balance Sheet

SECURENS SYSTEMS PRIVATE LIMITED
Standalone Balance Sheet for period 01/04/2013 to 31/03/2014
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
SECURENS
SYSTEMS
PRIVATE
LIMITED
U74999MH2011PTC225609
AAQCS8547R
U n i t
N o .
301,302,303,304,305
and
306,,
B
Wing,
Plot
No.X-4/1
and
X-4/2,Technocity,
Mahape,
NAVI
MUMBAI,
Maharashtra,
INDIA,
400701
Commercial
and
Industrial
29/09/2014
12 Months
01/04/2013
31/03/2014
Standalone
Balance Sheet
INR
Thousands
Product1
Name of company
Corporate identity number
Permanent account number of entity
Address of registered office of company
Type of industry
Date of board meeting when final accounts were approved
Period covered by financial statements
Date of start of reporting period
Date of end of reporting period
Nature of report standalone consolidated
Content of report
Description of presentation currency
Level of rounding used in financial statements
Total number of product or service category
12 Months
01/04/2012
31/03/2013
[400400] Disclosures - Directors report

Details of directors signing board report [Table]
..(1)

Directors signing board report [Axis]
Details of signatories of board report [Abstract]

Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director
Middle name of director
Last name of director
Designation of director
Director identification number of director
Date of signing board report
Dir1
Dir2
01/04/2013
to
31/03/2014
01/04/2013
to
31/03/2014
SUNIL
RAMANNA
UDUPA
Managing Director
02554652
29/09/2014
SRINIVAS
POPURI
Director
05114579
29/09/2014
SECURENS SYSTEMS PRIVATE LIMITED Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

01/04/2013
to
31/03/2014
Textual
information
(1)
[See below]
Textual
information
(2)
[See below]
NA
Textual
information
(3)
[See below]
Your
Directors
place
on
record
their
gratitude
for
the
continuing
support
of
Shareholders,
bankers
and
Business
associates at all levels.
Disclosure in board of directors report explanatory [TextBlock]

Details regarding energy conservation
Details regarding foreign exchange earnings and outgo
Particulars of employees as per provisions of section 217
Disclosures in director?s responsibility statement
Director's comments on qualification(s), reservation(s) or adverse

remark(s) of auditors as per board's report
Date of Board of directors' meeting in which board's report referred
to under section 217 was approved
No adverse Remarks
29/09/2014
Textual information (1)

Disclosure in board of directors report explanatory [Text Block]
DIRECTORS' REPORT
To
The Members,
Your Directors are pleased to present the Third Annual Report of your Company together with the Audited Statement of Accounts and the
Auditors' Report of your company for the financial year ended, 31st March, 2014. The summarized financial results for the year ended
31st March, 2014 are as under:
Financial Results
Particular
For the financial year ended 31st March, 2014.
For the financial year ended, 31st March, 2013.
Amount in Rs. (000)
Amount in Rs. (000)
Net Profit / (Loss) Before Tax
(20,309)
(22,474)
Provision for Tax
Deferred Income Tax
Profit / (Loss) after Tax
(20,309)
(22,474)
Profit / (Loss) brought forward
(26,550)
(4,076)
Balance Carried over to Balance Sheet
(46,859)
(26,550)
Review of Operation (rounded to nearest 000)
During the year under review, the Company has earned revenue of Rs. 15,06,97,000 [ Fifteen Crores Six Lakhs Ninety Seven Thousand] as
against Rs. 4,45,62,000 [ Four Crores Forty Five Lakhs Sixty Two Thousand ]. The net Loss for the year under review has been Rs.
2,03,09,000 [ Two Crores Three Lakhs Nine thousand ] as against Rs.2,24,74,000 [ Two Crores Twenty Four Lakhs Seventy Four Thousand]
during the previous financial year. Your Directors are continuously looking for avenues for future growth of the Company.
Share Capital
During the year under review, the Company has not increased its Authorised Share Capital from Rs. 8,15,00,000/- [Eight Crore Fifteen
Lakhs] divided into 12,22,900 [Twelve Lakh Twenty Two Thousand Nine Hundred] Equity Shares of face value Rs. 10/- each and 6,92,710 [
Six Lakh Ninety Two Thousand Seven Hundred Ten] Compulsorily Convertible Preference Shares of face value Rs. 100/- each.
3
At present the Authorized Share Capital of the Company is Rs. 12,85,00,000/-[Twelve Crore Eighty Five Lakhs] divided into 12,22,900 [Twelve
Lakh Twenty Two Thousand Nine Hundred] Equity Shares of face value Rs. 10/- each and 11,62,710 [ Eleven Lakh Sixty Two Thousand Seven
Hundred Ten] Compulsorily Convertible Preference Shares of face value Rs. 100/- each.
Dividend
Since the Company has incurred Loss for the year ended 31st March, 2014 the Directors have proposed not to declare any Dividend.
Directors
None of the Directors were appointed during the Financial Year.
Directors' Responsibility Statement
Pursuant to Section 217(2AA) of the Companies Act, 1956 the Board of Directors of the Company confirms that1.
in preparation of the Annual Accounts, the applicable accounting standards have been followed.
2. the Directors had selected such Accounting Policies and applied them consistently and made judgements and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the
company for that period.
3. the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.
4.
the Directors had prepared the Annual Accounts on a going concern basis.
5.
the company has not accepted any public deposits during the year.
Disclosures under Section 217(1)(d) of the Companies Act, 1956
Except as disclosed elsewhere in this report, there have been no material changes and commitments which can affect the financial position of the
Company occurred between the end of the financial year of the Company and date of this report.
Transfer to Reserves in terms of Section 217 (1)(b) of the Companies Act, 1956
For the financial year ended 31st March, 2014, the Company had not transfer any sum to Reserves. Therefore, your Company proposes to
transfer the entire amount of profit to Profit and Loss Accounts of the Company.
Particulars of Employees
The particulars of employees are attached in Annexure A which are required to be given under section 217(2A) of the Companies Act, 1956 read
with the Companies (Particulars of Employees) Rules, 1975, as amended.
Auditors
SR Batliboi and Associates LLP, Chartered Accountants , having registration no. 101049W situated at 12th Floor, The Ruby, Senapati Bapat
Marg, Dadar (West), Mumbai - 400 028 , will retire at the ensuing Annual General meeting of the Company and being eligible offer themselves
for re-appointment.
Your directors recommends their re-appointment as Statutory Auditors of the Company.
Auditors' Report
The observations of the auditors in their report are self-explanatory and therefore, in the opinion of the Directors, do not call for further
comments.
Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo
The particulars as required under the provisions of Section 217(1)(e) of the Companies Act, 1956 in respect of conservation of energy and
technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under
review. Further during the year under review, the Company has neither earned nor used any foreign exchange. The Foreign Exchange outgo
during the year was INR 12,22,184.68 (Rupees Twelve Lakhs Twenty Two Thousand One Hundred Eighty Four point Sixty Eight Only).
Acknowledgements
Your Directors place on record their gratitude for the continuing support of Shareholders, bankers and Business associates at all levels.
For and on behalf of the Board
____________________
Director Mr. SUNIL RAMANNA UDUPA
DIN- 02554652
____________________
Director Mr. SRINIVAS POPURI
DIN- 05114579
Place: Mumbai
Date: 29.09.2014
ANNEXURE A TO THE DIRECTORS REPORT
Information as per Sec 217 (2A) read with Companies (Particulars of Employees) Rules, 1975 and forming a part of the Director's Report.
Sr.
Name
no.
Age
(in
Qualification
Years)
Experience
51
Date of
Joining
Descripti-on and
Nature of Duties
Gross
Last
Position
Remunera-tion
Employ-ment Held
(In Rs Lakhs)
30/12/2011
1.
NA
25 Years
Finance,
administration, HR,
Business
Development and R
and D
Mr.
Sunil R.
Udupa
B.E. (Electrical Engineering),

Masters in Information Technology
from City University, London
36,00,000
Per annum
Managing
Director
49
30/12/2011
2.
26 Years
NA
Sales and Operations
30,00,000
Mr.
Srinivas
Popuri
Director
and CEO
Per annum
Graduate in Electrical and
Electronics Engineering from
Regional Engineering College,
Calicut
Notes:-
Mr. Sunil Udupa Managing Director drawing a Salary of Rs. 3,00,000/- P.M. + Bonus of Rs. NIL/-
Mr. Srinivas Popuri Director and CEO drawing a Salary of Rs. 2,50,000/- P. M. + Bonus of Rs. NIL/-
Remuneration includes Salary, Allowances, Contribution to Provident Fund, Medical Benefits, Leave Travel Allowance and Other Perquisites
and benefits given to the employees by the company.
For and on behalf of the Board of Directors of

SECURENS SYSTEMS PRIVATE LIMITED
SUNIL UDUPA
SRINIVAS POPURI
DIRECTOR
DIRECTOR
02554652
05114579

Details regarding energy conservation
Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo The particulars as required under the provisions of
Section 217(1)(e) of the Companies Act, 1956 in respect of conservation of energy and technology absorption have not been furnished
considering the nature of activities undertaken by the company during the year under review. Further during the year under review, the Company
has neither earned nor used any foreign exchange. The Foreign Exchange outgo during the year was INR 12,22,184.68 (Rupees Twelve Lakhs
Twenty Two Thousand One Hundred Eighty Four point Sixty Eight Only

Particulars of employees as per provisions of section 217
Disclosures under Section 217(1)(d) of the Companies Act, 1956 Except as disclosed elsewhere in this report, there have been no material
changes and commitments which can affect the financial position of the Company occurred between the end of the financial year of the Company
and date of this report. Transfer to Reserves in terms of Section 217 (1)(b) of the Companies Act, 1956 For the financial year ended 31st March,
2014, the Company had not transfer any sum to Reserves. Therefore, your Company proposes to transfer the entire amount of profit to Profit and
Loss Accounts of the Company. Particulars of Employees The particulars of employees are attached in Annexure A which are required to be
given under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended.
[400200] Disclosures - Auditors report

Details regarding auditors [Table]
..(1)

Auditors [Axis]
Auditor1
01/04/2013
to
31/03/2014
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor
Auditors firm
S.R. Batliboi &
Associates LLP
Govind
Pitamber
Ahuja
101049W
048966
12th Floor, The
Ruby,
Senapati
Bapat Marg, Dadar
(West), Mumbai 400 028.
ACHFS9118A
C18663393
29/09/2014
29/09/2014
Name of audit firm

Name of auditor signing report
Firms registration number of audit firm
Membership number of auditor
Address of auditors
Permanent account number of auditor or auditor's firm
SRN of form 23B
Date of signing audit report by auditors
Date of signing of balance sheet by auditors
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table]
..(1)

Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]
Auditor's
favourable remark
[Member]
01/04/2013
to
31/03/2014
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report
[LineItems]
Disclosure in auditors report relating to fixed assets
Disclosure relating to quantitative details of fixed assets
Disclosure relating to physical verification and material discrepancies of fixed assets
Disclosure relating to fixed assets disposed off
Disclosure in auditors report relating to inventories
Disclosure of physical verification of inventories at fixed intervals
Disclosure of procedure followed for physical verification of inventories
Disclosure about maintenance of inventory records and material discrepancies
Disclosure in auditors report relating to loans
Disclosure about loans granted or taken by parties covered under section 301 of companies act
Disclosure regarding terms and conditions of loans granted or taken
Disclosure regarding terms of payment of loans granted or taken
Disclosure regarding terms of recovery of loans granted or taken
Disclosure in auditors report relating to internal control system
Disclosure in auditors report relating to contracts and arrangements under section 301 of companies
act
Disclosure relating to presence of register for necessary transactions
Disclosure relating to reasonability of transactions
Disclosure in auditors report relating to deposits accepted from public
Disclosure in auditors report relating to companies internal audit system
Disclosure in auditors report relating to maintenance of cost records
Disclosure in auditors report relating to statutory dues
Disclosure relating to regularity in payment of undisputed statutory dues
Disclosure relating to disputed statutory dues
Disclosure in auditors report relating to accumulated losses
Disclosure in auditors report relating to default in repayment of financial dues
Disclosure in auditors report relating to loans and advances granted by way of pledge of shares
debentures and other securities
Disclosure in auditors report relating to provisions under special statute
Disclosure relating to net owned fund to deposit liability ratio
Disclosure relating to income recognition and provisioning against assets
Disclosure relating to credit appraisal procedure
Disclosure relating to repayment schedule and procedure of recovery
10
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Disclosure in auditors report relating to adequacy of records maintained by share trading companies
Disclosure in auditors report relating to guarantee given
Disclosure in auditors report relating to term loans used for purpose other than for purpose they
were raised
Disclosure in auditors report relating to nature and amount of fund raised for short-term has
been used for long-term or vice versa
Disclosure in auditors report relating to preferential allotment of shares
Disclosure in auditors report relating to securities created against debentures issued
Disclosure in auditors report relating to purpose and end use of money raised through public issues
Disclosure in auditors report relating to any material fraud reported during period
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Caro
Caro

01/04/2013
to
31/03/2014
Textual
information
[See below]
Yes
Disclosure in auditor?s report explanatory [TextBlock]

Whether companies auditors report order is applicable on company
Whether auditors' report has been qualified or has any reservations or
contains adverse remarks
Auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report
No
NO
11
(4)

Disclosure in auditor?s report explanatory [Text Block]
INDEPENDENT AUDITOR'S REPORT
To the Members of Securens Systems Private Limited
Report on the Financial Statements
We have audited the accompanying financial statements of Securens Systems Private Limited (the
Company), which comprise the Balance Sheet as at March 31, 2014 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
Management is responsible for the preparation of these financial statements that give a true and fair view
of the financial position, financial performance and cash flows of the Company in accordance with
accounting principles generally accepted in India, including the Accounting Standards notified under the
Companies Act, 1956 (the Act'), read with General Circular 8/2014 dated 4 April 2014 issued by the
Ministry of Corporate Affairs. This responsibility includes the design, implementation and maintenance of
internal control 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 financial statements based on our audit. We conducted
our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of
India. Those Standards require that we comply with ethical 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 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. In making
those risk assessments, the auditor considers internal control relevant to the Company's preparation and
fair presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances but not for the purpose of expressing an opinion on the effectiveness of the entity's internal
12
control. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of the accounting estimates made by management, 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.
Opinion
In 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 Companies Act, 1956 (the Act) in the manner
so required and give a true and fair view in conformity with the accounting principles generally accepted in
India:
(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014; and
(b) in the case of the Statement of Profit and Loss, of the loss for the year ended on that date
Securens Systems Private Limited

Auditors' Report March 31, 2014
Page 2 of 6
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order, 2003 (the Order) issued by the Central
Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the Order.
2. As required by section 227(3) of the Act, we report that:
(a) We have obtained all the information and explanations which to the best of our knowledge and belief
were necessary for the purpose of our audit;
(b) In our opinion proper books of account as required by law have been kept by the Company so far as
appears from our examination of those books;
(c) The Balance Sheet and Statement of Profit and Loss dealt with by this Report are in agreement with
the books of account;
13
(d) In our opinion, the Balance Sheet and the Statement of Profit and Loss comply with the Accounting
Standards notified under the Act, read with General Circular 8/2014 dated
4 April 2014 issued by the Ministry of Corporate Affairs;
(e) On the basis of written representations received from the directors as on March 31, 2014, and taken on
record by the Board of Directors, none of the directors is disqualified as on March 31, 2014, from
being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Act.
For S.R. Batliboi and Associates LLP

Chartered Accountants
ICAI Firm Registration Number: 101049W
______________________________
per Govind Ahuja
Partner
Membership Number: 48966
Place of Signature: Mumbai
Date: September 29, 2014

Page 3 of 6
Annexure referred to in paragraph [1 ] of our report under the heading Report on Other Legal and
Regulatory Requirements of even date
Re: Securens Systems Private Limited (the Company')
(i) (a) The Company has maintained proper records showing full particulars, including quantitative details
and situation of fixed assets, except for hardware at site where the records are maintained for
group of similar assets and not maintained for each individual site.
(b) Fixed assets have been physically verified by the management during the year, except for hardware
at site, and no material discrepancies were identified on such verification. Since hardware at site
were not verified during the year, we are unable to comment on the discrepancies pertaining to
hardware at site, if any.
14
(c) There was no substantial disposal of fixed assets during the year.
(ii) (a) The inventory has been physically verified by the management at the year end. In our opinion, the
frequency of verification needs to be increased.
(b) The procedures of physical verification of inventory followed by the management are reasonable
and adequate in relation to the size of the Company and the nature of its business except that
instructions for physical verification of inventory were issued orally and not documented.
(c) The Company is maintaining proper records of inventory and no material discrepancies were
noticed on physical verification.
(iii) (a) According to the information and explanations given to us, the Company has not granted any loans,
secured or unsecured to companies, firms or other parties covered in the register maintained under
section 301 of the Act. Accordingly, the provisions of clause 4(iii)(a) to (d) of the Order are not
applicable to the Company and hence not commented upon.
(e) The Company had taken loan from two parties covered in the register maintained under section 301
of the Act. The maximum amount involved during the year was Rs 3,115,749 and the year-end
balance of loans taken from such parties was Rs. NIL.
(f) In our opinion and according to the information and explanations given to us, the rate of interest
and other terms and conditions for such loans are not prima facie prejudicial to the interest of the
Company.
(g) The loans taken are re-payable on demand. As informed, the Company has repaid the lenders the
loan as demanded during the year, and thus, there has been no default on the part of the company.
The loans taken are interest free.

Page 4 of 6
(iv)
15
In our opinion and according to the information and explanations given to us and having regard to
the explanation that purchases of items of inventories and certain fixed assets are of proprietary
nature for which alternative sources are not available to obtain comparable quotations, there is an
adequate internal control system commensurate with the size of the Company and the nature of its
business, for the purchase of inventory and fixed assets and for the sale of goods and services.
During the course of our audit, we have not observed any major weakness or continuing failure to
correct any major weakness in the internal control system of the Company in respect of these
areas. However, the internal control system for the purchase of fixed assets is inadequate since the
purchases are made without inviting quotations for administrative assets.
(v) (a) In our opinion, there are no contracts or arrangements that need to be entered in the register
maintained under Section 301 of Act. Accordingly, the provisions of clause 4(v)(b) of the Order is
not applicable to the Company and hence not commented upon.
(vi)
(vii)
The Company has not accepted any deposits from the public.
The Company has an internal audit system, the scope and coverage of which, in our opinion,
requires to be enlarged to be commensurate with the size and nature of its business.
To the best of our knowledge and as explained, the Central Government has not prescribed
maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Act for the
products of the Company.
(viii)
(ix) (a) Undisputed statutory dues including provident fund, employees' state insurance, income-tax, salestax, service tax, cess and other material statutory dues have not generally been regularly deposited
with the appropriate authorities though the delays in deposit have not been serious . The provisions
relating to investor education and protection fund, wealth-tax, customs duty and excise duty are
not applicable to the Company.
(b) According to the information and explanations given to us, undisputed dues in respect of provident
fund, employees' state insurance, income-tax, service tax, sales-tax, excise duty, cess and other
material statutory dues which were outstanding, at the year end, for a period of more than six
16
months from the date they became payable, are as follows:
Name of
the statute
Nature
of the
dues
Amount
(Rs)
Period to which
the amount
relates
Due Date
Date of
Payment
April 26, 2014
July 17, 2014
April 19, 2014
Income Tax
TDS
Act, 1961
Income Tax
TDS
Act, 1961
Local Body
Tax Act
NMMC
2,764
May 2013 to
August 2013
17
19,454
May 2013 to
August 2013
115,659
April 2013 to
September 2013
7 th of subsequent
month
7 th of subsequent
month
20 th of subsequent
month
The provisions relating to investor education and protection fund, wealth-tax, customs duty and
excise duty are not applicable to the Company.

Page 5 of 6
(c) According to the information and explanations given to us, there are no dues of income tax, salestax, service tax, and cess which have not been deposited on account of any dispute. The provisions
relating to wealth-tax, customs duty and excise duty are not applicable to the Company.
(x)
The Company has been registered for a period of less than five years and hence we are not
required to comment on whether or not the accumulated losses at the end of the financial year is
fifty per cent or more of its net worth and whether it has incurred cash losses in the current
financial year and in the immediately preceding financial year.
Based on our audit procedures and as per the information and explanations given by the
management, we are of the opinion that the Company has not defaulted in repayment of dues to a
18
bank. The Company did not have any outstanding dues in respect of a financial institution or
debenture holders during the year.
According to the information and explanations given to us and based on the documents and
records produced before us, the Company has not granted loans and advances on the basis of
security by way of pledge of shares, debentures and other securities.
In our opinion, the Company is not a chit fund or a nidhi / mutual benefit fund / society. Therefore,
the provisions of clause 4(xiii) of the Order are not applicable to the Company.
In our opinion, the Company is not dealing in or trading in shares, securities, debentures and other
investments. Accordingly, the provisions of clause 4(xiv) of the Order are not applicable to the
Company.
According to the information and explanations given to us, the Company has not given any
guarantee for loans taken by others from bank or financial institutions.
Based on the information and explanations given to us by the management, term loans were
applied for the purpose for which the loans were obtained.
According to the information and explanations given to us and on an overall examination of the
balance sheet of the Company, we report that no funds raised on short-term basis have been used
for long-term investment.
(xi)
(xii)
(xiii)
(xiv)
(xv)
(xvi)
(xvii)
(xviii) The Company has not made any preferential allotment of shares to parties or companies covered in
the register maintained under section 301 of the Act.
19
(xix)
(xx)
The Company did not have any outstanding debentures during the year.
The Company did not raise any money by public issues during the year. Accordingly, the
provisions of clause 4(xx) of the Order are not applicable to the Company.

Page 6 of 6
(xxi)
Based upon the audit procedures performed for the purpose of reporting the true and fair view of
the financial statements and as per the information and explanations given by the management, we
report that no fraud on or by the Company has been noticed or reported during the year.
For S.R. Batliboi and Associates LLP

Chartered Accountants
ICAI Firm Registration Number: 101049W
______________________________
per Govind Ahuja
Partner
Membership Number: 48966
Place of Signature: Mumbai
Date: September 29, 2014
20
[100100] Balance sheet

31/03/2014
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital
Reserves and surplus
Total shareholders' funds
Share application money pending allotment
Non-current liabilities [Abstract]
Long-term borrowings
Other long-term liabilities
Long-term provisions
Total non-current liabilities
Current liabilities [Abstract]
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions
Total current liabilities
Total equity and liabilities
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets
Intangible assets
Total fixed assets
Non-current investments
Long-term loans and advances
Other non-current assets
Total non-current assets
Current assets [Abstract]
Current investments
Inventories
Trade receivables
Cash and bank balances
Short-term loans and advances
Other current assets
Total current assets
Total assets
21
31/03/2013
80,382
43,870
1,24,252
0
41,417
13,144
54,561
0
8,084
0
441
8,525
0
0
183
183
2,668
63,467
11,604
487
78,226
2,11,003
7,364
5,676
5,909
0
18,949
73,693
82,761
3,943
86,704
0
26,973
9,943
1,23,620
13,504
2,422
15,926
0
9,517
0
25,443
68
34,634
40,531
9,037
3,098
15
87,383
2,11,003
2,441
1,498
40,792
2,467
1,052
0
48,250
73,693
[400300] Disclosures - Signatories of balance sheet

Details of directors signing balance sheet [Table]
..(1)

Directors signing balance sheet [Axis]
Details of signatories of balance sheet [Abstract]

Details of directors signing balance sheet [Abstract]
Details of directors signing balance sheet [LineItems]
Name of director signing balance sheet [Abstract]
First name of director
Middle name of director
Last name of director
Designation of director
Director identification number of director
Date of signing of balance sheet by director
Dir1
Dir2
01/04/2013
to
31/03/2014
01/04/2013
to
31/03/2014
SUNIL
RAMANNA
UDUPA
Managing Director
02554652
29/09/2014
22
SRINIVAS
POPURI
Director
05114579
29/09/2014
[200100] Notes - Share capital

Disclosure of classes of share capital [Table]
..(1)

Classes of share capital [Axis]
Share capital [Member]
01/04/2013
to
31/03/2014
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised
Value of shares authorised
Number of shares issued
Value of shares issued
Number of shares subscribed and fully paid
Value of shares subscribed and fully paid
Number of shares subscribed but not fully paid
Value of shares subscribed but not fully paid
Total number of shares subscribed
Total value of shares subscribed
Value of shares paid-up [Abstract]
Number of shares paid-up
Value of shares called
Value of shares paid-up
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in private
placement
Total aggregate number of shares issued
during period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of private placement issue during
period
Total aggregate amount of increase in
share capital during period
Total increase (decrease) in share capital
Share capital at end of period
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
ultimate holding company
Shares in company held by associates of its
holding company
Equity shares [Member]
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
[shares] 19,15,610
81,500
[shares] 18,03,900
80,382
[shares] 18,03,900
80,382
[shares] 0
0
[shares] 18,03,900
80,382
[shares] 19,05,600
80,499
[shares] 14,14,250
41,417
[shares] 14,14,250
41,417
[shares] 0
0
[shares] 14,14,250
41,417
[shares] 12,22,900
12,229
[shares] 11,11,200
11,112
[shares] 11,11,200
11,112
[shares] 0
0
[shares] 11,11,200
11,112
[shares] 12,22,900
12,229
[shares] 11,11,200
11,112
[shares] 11,11,200
11,112
[shares] 0
0
[shares] 11,11,200
11,112
[shares] 18,03,900
80,382
80,382
[shares] 14,14,250
41,417
41,417
[shares] 11,11,200
11,112
11,112
[shares] 11,11,200
11,112
11,112
[shares] 3,89,649
[shares] 14,04,170
[shares] 0
[shares] 11,01,120
[shares] 3,89,649
[shares] 14,04,170
[shares] 0
[shares] 11,01,120
[shares] 3,89,649
[shares] 14,04,170
[shares] 0
[shares] 11,01,120
[shares] 18,03,909
[shares] 14,14,170
[shares] 11,11,200
[shares] 11,11,120
38,965
41,317
11,012
38,965
41,317
11,012
38,965
80,382
41,317
41,417
0
11,111
11,012
11,112
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
23
Total shares in company held by holding company

or ultimate holding company or by its
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
Number of shares proposed to be issued
Share premium for shares to be allotted
24
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
0
[shares] 0
0
[shares] 0
0
[shares] 0
0
..(2)

Equity shares 1 [Member]
01/04/2013
to
31/03/2014
Type of share
Par value per share
Details of shares not fully called [Abstract]
Amount per share called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in private
placement
Total aggregate number of shares issued
during period
Total increase (decrease) in number of
shares outstanding
Reconciliation of value of shares outstanding
[Abstract]
Increase in share capital during period
[Abstract]
Amount of private placement issue during
period
Total aggregate amount of increase in
share capital during period
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by ultimate holding
company
holding company
holding company
Preference shares [Member]
01/04/2012
to
31/03/2013
Equity
Equity
[shares] 12,22,900
[shares] 12,22,900
12,229
12,229
[shares] 11,11,200
[shares] 11,11,200
11,112
11,112
[shares] 11,11,200
[shares] 11,11,200
11,112
11,112
[shares] 0
[shares] 0
0
0
[shares] 11,11,200
[shares] 11,11,200
11,112
11,112
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
[shares] 6,92,710
69,271
[shares] 6,92,700
69,270
[shares] 6,92,700
69,270
[shares] 0
0
[shares] 6,92,700
69,270
[shares] 6,82,700
68,270
[shares] 3,03,050
30,305
[shares] 3,03,050
30,305
[shares] 0
0
[shares] 3,03,050
30,305
[shares] 6,92,700
69,270
69,270
[shares] 3,03,050
30,305
30,305
[shares] 11,11,200
11,112
11,112
[shares] 10
[shares] 11,11,200
11,112
11,112
[shares] 10
[shares] 10
[shares] 10
[shares] 0
[shares] 11,01,120
[shares] 3,89,649
[shares] 3,03,050
[shares] 0
[shares] 11,01,120
[shares] 3,89,649
[shares] 3,03,050
[shares] 0
[shares] 11,01,120
[shares] 3,89,649
[shares] 3,03,050
[shares] 11,11,200
[shares] 11,11,120
[shares] 6,92,709
[shares] 3,03,050
11,012
38,965
30,305
11,012
38,965
30,305
0
11,111
11,012
11,112
38,965
69,271
30,305
30,305
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
25
Total shares in company held by holding company

or ultimate holding company or by its
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
26
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
0
[shares] 0
0
[shares] 0
0
[shares] 0
0
..(3)

Preference shares 1 [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013

Type of share
Par value per share
Details of shares not fully called [Abstract]
Amount per share called
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in private placement
Total aggregate number of shares issued during period
Total increase (decrease) in number of shares outstanding
Reconciliation of value of shares outstanding [Abstract]
Increase in share capital during period [Abstract]
Amount of private placement issue during period
Total aggregate amount of increase in share capital during period
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by ultimate holding company
Shares in company held by subsidiaries of its holding company
Shares in company held by subsidiaries of its ultimate holding company
Shares in company held by associates of its holding company
Shares in company held by associates of its ultimate holding company
Total shares in company held by holding company or ultimate holding company
or by its subsidiaries or associates
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
Application money received for allotment of securities and due for refund,
principal
Application money received for allotment of securities and due for refund,
interest accrued
Total application money received for allotment of securities and due for
refund and interest accrued thereon
27
Participatory
Participatory
Cumulative
Cumulative
[shares] 6,92,710
[shares] 6,82,700
69,271
68,270
[shares] 6,92,700
[shares] 3,03,050
69,270
30,305
[shares] 6,92,700
[shares] 3,03,050
69,270
30,305
[shares] 0
[shares] 0
0
0
[shares] 6,92,700
[shares] 3,03,050
69,270
30,305
[shares] 6,92,700
69,270
69,270
[shares] 100
[shares] 3,03,050
30,305
30,305
[shares] 100
[shares] 100
[shares] 100
[shares] 3,89,649
[shares] 3,89,649
[shares] 3,89,649
[shares] 6,92,709
[shares] 3,03,050
[shares] 3,03,050
[shares] 3,03,050
[shares] 3,03,050
38,965
38,965
38,965
69,271
30,305
30,305
30,305
30,305
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
0
[shares] 0
0
Disclosure of shareholding more than five per cent in company [Table]
..(1)

Name of shareholder [Axis]
Equity shares 1 [Member]

Shareholder 1 [Member]
Shareholder 2 [Member]
01/04/2013
to
31/03/2014
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share
Name of shareholder
PAN of shareholder
Country of incorporation or residence of
shareholder
Number of shares held in company
Percentage of shareholding in company
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
Equit
Sunil Udupa
AAAPU0240J
Equit
Sunil Udupa
AAAPU0240J
Equit
Srinivas Popuri
AFIPP5186P
Equit
Srinivas Popuri
AFIPP5186P
INDIA
INDIA
INDIA
INDIA
[shares] 10,00,000
90.00%
[shares] 10,00,000
90.00%
[shares] 1,11,110
10.00%
[shares] 1,11,110
10.00%

01/04/2013
to
31/03/2014
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
shares in company
Number of persons on private placement of equity share
Nature of security on private placement of equity share
Number of persons on private placement of preference share
Nature of security on private placement of preference share
Number of shareholders of company
Number of allottees in case of preferential allotment
Whether reduction in capital done during year
Whether money raised from public offering during year
01/04/2012
to
31/03/2013
Yes
Yes
2
Secured
2
Secured
2
Secured
2
Secured
2
0
No
No
2
0
No
No
[200200] Notes - Reserves and surplus

Statement of changes in reserves [Table]
..(1)

Components of reserves [Axis]
Reserves [Member]
01/04/2013
to
31/03/2014
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period
Other additions to reserves
Total additions to reserves
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Transfer to general reserve
Total appropriations for dividend,
dividend tax and general reserve
Total changes in reserves
Reserves at end of period
28
Securities premium account [Member]
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
-20,309
51,035
30,726
-22,474
39,694
17,220
0
51,035
51,035
0
39,694
39,694
30,726
43,870
17,220
13,144
51,035
90,729
39,694
39,694
Statement of changes in reserves [Table]
..(2)

Components of reserves [Axis]
Surplus [Member]
01/04/2013
to
31/03/2014
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Other additions to reserves
Total additions to reserves
Appropriations for dividend, dividend tax and general reserve [Abstract]
Transfer to general reserve
Total appropriations for dividend, dividend tax and general reserve
Total changes in reserves
Reserves at end of period
01/04/2012
to
31/03/2013
-20,309
0
-20,309
-22,474
0
-22,474
0
0
-20,309
-46,859
0
0
-22,474
-26,550
[200300] Notes - Borrowings

Classification of borrowings [Table]
..(1)

Classification based on time period [Axis]
Classification of borrowings [Axis]
Subclassification of borrowings [Axis]
Long-term [Member]
Term loans from banks [Member]
Rupee term loans from banks [Member]
Secured borrowings [Member]
31/03/2014
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings
31/03/2013
8,084
31/03/2014
31/03/2013
(A) 8,084
Footnotes
(A) Term Loan - Bank of Maharashtra 13,084 Less: Amount disclosed under current maturities (Refer Note 9) (5,000)
..(2)

Short-term [Member]
Working capital loans from banks
Loans and advances from related parties
[Member]
[Member]
Unsecured borrowings [Member]
31/03/2014
Borrowings
(A) 2,668
Footnotes
(A) Bank Cash Credit - Bank of Maharashtra 2,668
(B) Bank OverDraft - HDFC Bank - 4,248
29
31/03/2013
(B) 4,248
31/03/2014
31/03/2013
3,116
..(3)

Short-term [Member]
Loans and advances from directors
[Member]
Unsecured borrowings [Member]

31/03/2014
Borrowings
31/03/2013
(A) 3,116
Footnotes
(A) Unsecured Loan from Directors - 3,116
[201000] Notes - Tangible assets

Disclosure of tangible assets [Table]
..(1)

Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and gross
carrying amount [Axis]
Company total tangible assets [Member]

Owned and leased assets [Member]
Gross carrying amount
Accumulated depreciation and
Carrying amount [Member]
[Member]
impairment [Member]
01/04/2013
to
31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Depreciation tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
76,697
34,251
76,697
-7,440
-2,298
22,254
22,254
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
34,251
7,440
2,298
22,254
22,254
69,257
9,699
76,697
11,997
7,440
2,298
82,761
13,504
92,562
15,864
9,801
2,360
30
..(2)

Plant and equipment [Member]

[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
64,162
29,343
-3,823
-735
22,254
64,162
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
29,343
3,823
735
22,254
22,254
22,254
60,339
6,354
64,162
7,089
3,823
735
66,695
6,354
71,253
7,089
4,558
735
31
..(3)

Factory equipments [Member]

[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
64,162
29,343
-3,823
-735
22,254
64,162
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
29,343
3,823
735
22,254
22,254
22,254
60,339
6,354
64,162
7,089
3,823
735
66,695
6,354
71,253
7,089
4,558
735
32
..(4)

01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets

Owned assets [Member]
[Member]
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
64,162
29,343
-3,823
-735
22,254
64,162

impairment [Member]
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
29,343
3,823
735
22,254
22,254
22,254
60,339
6,354
64,162
7,089
3,823
735
66,695
6,354
71,253
7,089
4,558
735
33
..(5)

Furniture and fixtures [Member]

[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
1,383
4,378
1,383
-1,132
-811
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
4,378
1,132
811
251
3,567
1,383
4,378
1,132
811
4,023
3,773
5,968
4,586
1,945
813
34
..(6)

01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets

[Member]
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
1,383
4,378
1,383
-1,132
-811

impairment [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
4,378
1,132
811
251
3,567
1,383
4,378
1,132
811
4,023
3,773
5,968
4,586
1,945
813
35
..(7)

Office equipment [Member]

[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
4,231
530
4,231
-1,348
-752
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
530
1,348
752
2,883
-222
4,231
530
1,348
752
6,259
3,377
8,420
4,189
2,161
812
36
..(8)

Computer equipments [Member]

[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
3,190
329
3,190
-625
-160
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
329
625
160
2,565
169
3,190
329
625
160
3,510
946
4,346
1,156
836
210
37
..(9)

01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets

[Member]
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
3,190
329
3,190
-625
-160

impairment [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
329
625
160
2,565
169
3,190
329
625
160
3,510
946
4,346
1,156
836
210
38
..(10)

Other equipments [Member]

[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
1,041
201
1,041
-723
-592
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
201
723
592
318
-391
1,041
201
723
592
2,749
2,431
4,074
3,033
1,325
602
39
..(11)

01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets

[Member]
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014

impairment [Member]
01/04/2012
to
31/03/2013
1,041
201
1,041
-723
-592
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
201
723
592
318
-391
1,041
201
723
592
2,749
2,431
4,074
3,033
1,325
602
40
..(12)

Leasehold improvements [Member]

[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
6,921
6,921
-1,137
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
0
1,137
5,784
6,921
1,137
5,784
6,921
1,137
41
..(13)


[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
assets
[Abstract]
others
assets
assets [Abstract]
assets, others
tangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
6,921
6,921
-1,137
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
0
1,137
5,784
6,921
1,137
5,784
6,921
1,137
Disclosure of additional information tangible assets [Table]
..(1)

Company total tangible assets

[Member]
Owned and leased assets
[Member]
01/04/2013
to
31/03/2014
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets
Useful lives or depreciation rates
tangible assets
01/04/2012
to
31/03/2013
Plant and equipment [Member]

[Member]

[Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
SLM
SLM
SLM
SLM
SLM
SLM
As Per Law
As Per Law
14.29
14.29
14.29
14.29
42
..(2)

01/04/2013
to
31/03/2014
tangible assets
01/04/2012
to
31/03/2013

[Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
SLM
SLM
SLM
SLM
SLM
SLM
14.29
14.29
20
20
20
20
..(3)

Office equipment [Member]

[Member]
01/04/2013
to
31/03/2014
tangible assets
01/04/2012
to
31/03/2013

[Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
SLM
SLM
SLM
SLM
SLM
SLM
20
20
20
20
20
20
..(4)


[Member]
01/04/2013
to
31/03/2014
tangible assets
Leasehold improvements
[Member]
[Member]
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
SLM
SLM
SLM
SLM
SLM
SLM
10
10
10
10
Over the Life
Over the Life
..(5)


01/04/2013
to
31/03/2014
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Useful lives or depreciation rates tangible assets
SLM
Over the Life
43
01/04/2012
to
31/03/2013
SLM
Over the Life
[201100] Notes - Intangible assets

Disclosure of intangible assets [Table]
..(1)

Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
Company total intangible assets [Member]

Internally generated and other than internally generated intangible assets [Member]
Accumulated amortization and
[Member]
impairment [Member]
01/04/2013
to
31/03/2014
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
development
Total additions to
intangible assets
Amortization intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets, others
Total disposals intangible
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
intangible assets, others
intangible assets
Total changes in intangible
assets
Intangible assets at end of period
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
2,255
1,652
2,255
1,652
2,255
1,652
2,255
1,652
-735
-516
179
179
01/04/2012
to
31/03/2013
735
516
179
179
1,520
957
2,255
1,473
735
516
3,943
2,422
5,219
2,965
1,276
543
44
..(2)

Computer software [Member]

Internally generated and other than internally generated intangible assets [Member]
[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
[Abstract]
development
Total additions to
intangible assets
[Abstract]
assets, others
assets
assets [Abstract]
Other adjustments
intangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
2,255
1,652
2,255
1,652
2,255
1,652
2,255
1,652
-735
-516
179
179
01/04/2012
to
31/03/2013
735
516
179
179
1,520
957
2,255
1,473
735
516
3,943
2,422
5,219
2,965
1,276
543
45
..(3)


Intangible assets other than internally generated [Member]
[Member]
impairment [Member]
01/04/2013
to
31/03/2014
[LineItems]
[Abstract]
[Abstract]
development
Total additions to
intangible assets
[Abstract]
assets, others
assets
assets [Abstract]
Other adjustments
intangible assets
assets
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
2,255
1,652
2,255
1,652
2,255
1,652
2,255
1,652
-735
-516
179
179
01/04/2012
to
31/03/2013
735
516
179
179
1,520
957
2,255
1,473
735
516
3,943
2,422
5,219
2,965
1,276
543
Disclosure of additional information intangible assets [Table]
..(1)

Company total intangible assets

[Member]
Internally generated and other
than internally generated
intangible assets [Member]
01/04/2013
to
31/03/2014
intangible assets [LineItems]
Useful lives or amortization rates
intangible assets
Description of amortization method
used
01/04/2012
to
31/03/2013

Internally generated and other
than internally generated
intangible assets [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
Intangible assets other than

internally generated [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
SLM
SLM
SLM
SLM
SLM
SLM
As Per Law
As Per Law
As Per Law
As Per Law
As Per Law
As Per Law
46
[200500] Notes - Current investments

Details of current investments [Table]
..(1)

Classification of current investments [Axis]
Invst1
01/04/2013
to
31/03/2014
Invstment2
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
Current investments [Abstract]

Disclosure of details of current investments
[Abstract]
Details of current investments [LineItems]
Type of current investments
Class of current investments
Nature of current investments
Current investments
Basis of valuation of current investments
Name of body corporate in whom investment has
been made
Investments
mutual funds
in Investments in mutual Investments

in Investments in mutual
funds
mutual funds
funds
Current portion of
Current portion of
Current investments Current investments l o n g - t e r m
long-term investments
investments
HDFC
Cash HDFC
Cash
HDFC Short Term HDFC Short Term
management
management
Opportunities
Opportunities
Fund-Call Plan
Fund-Call Plan
68
11
0
2,430
Market Value
Market Value
Market Value
Market Value
HDFC
Cash HDFC
Cash
HDFC Short Term HDFC Short Term
management
management
Opportunities
Opportunities
Fund-Call Plan
Fund-Call Plan

31/03/2014
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments
Market value of quoted current investments
Aggregate amount of unquoted current investments
Aggregate provision for diminution in value of current investments
31/03/2013
68
68
0
0
2,441
2,441
0
0
[200600] Notes - Subclassification and notes on liabilities and assets

Classification of inventories [Table]
..(1)

Classification of inventories [Axis]
Company total inventories [Member]
01/04/2013
to
31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories
Mode of valuation
01/04/2012
to
31/03/2013
Finished goods [Member]
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
34,634
1,498
34,634
1,498
At cost or Market At cost or Market At cost or Market At cost or Market
Value whichever is Value whichever is Value whichever is Value whichever is
less
less
less
less
47
Loans and advances [Table]
..(1)

Classification of loans and advances [Axis]
Classification of assets based on security [Axis]
Long-term [Member]
Security deposits [Member]
Advance tax [Member]
Secured considered good [Member]
31/03/2014
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross
Allowance for bad and doubtful loans and
advances
Loans and advances
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors
Loans and advances due by other officers
Total loans and advances due by
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
which any director is partner
Loans and advances due by private
companies in which any director is
director
member
Total loans and advances due
by firms or companies in which
any director is partner or
director
48
31/03/2013
31/03/2014
31/03/2013
9,184
2,625
12,885
4,274
9,184
2,625
12,885
4,274
0
0
0
0
0
0
0
0
..(2)

Long-term [Member]
Advance income tax paid [Member]
Advance sales tax/VAT paid [Member]
31/03/2014
[Abstract]
advances
Loans and advances
[Abstract]
director
member
director
49
31/03/2013
31/03/2014
31/03/2013
5,931
622
6,954
3,652
5,931
622
6,954
3,652
0
0
0
0
0
0
0
0
..(3)

Long-term [Member]
Service tax receivable [Member]
31/03/2014
[Abstract]
advances
Loans and advances
[Abstract]
director
member
director
50
Short-term [Member]
Loans advances given suppliers
[Member]
31/03/2013
31/03/2014
31/03/2013
4,904
2,618
1,140
415
4,904
2,618
1,140
415
0
0
0
0
0
0
0
0
..(4)

Short-term [Member]
Loans advances given employees
Prepaid expenses [Member]
[Member]
31/03/2014
[Abstract]
advances
Loans and advances
[Abstract]
director
member
director
31/03/2013
31/03/2013
242
72
1,716
565
242
72
1,716
565
0
0
0
0
0
0
0
0
51
31/03/2014
Subclassification of trade receivables [Table]
..(1)

Classification of assets based on security

[Member]
31/03/2014
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross
Allowance for bad and doubtful debts
Total trade receivables
Details of trade receivables due by
[Abstract]
Trade receivables due by directors
Trade receivables due by other officers
Trade receivables due by others
Total trade receivables due by
directors, other officers or
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
Trade receivables due by private
companies in which any director
is director
Trade receivables due by private
companies in which any director
is member
Total trade receivables due by firms
partner or director
40,531
0
40,531
31/03/2013
40,792
0
40,792
31/03/2014
(A) 40,531
0
40,531
40,792
0
40,792
0
0
0
0
0
0
Footnotes
(A) Dues outstanding for a period exceeding six months from the date they are due for payment - Others 40,531
52
31/03/2013
Disclosure of breakup of provisions [Table]
..(1)

Long-term [Member]
31/03/2014
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity
Provision leave encashment
Provision pension
Provision employee insurance scheme
Provision other employee related
liabilities
Total provisions for employee benefits
Provision for corporate tax [Abstract]
Provision for current tax
Provision for wealth tax
Provision for fringe benefit tax
Provision for other tax
Provision for corporate dividend tax
Total provision for corporate tax
Provision for proposed dividend [Abstract]
Provision for proposed equity dividend
[Abstract]
Provision for proposed equity
interim dividend
Provision for proposed equity final
dividend
Provision for proposed equity
special dividend
Total provision for proposed equity
dividend
Provision for proposed preference
dividend [Abstract]
interim dividend
final dividend
special dividend
Total provision for proposed
preference dividend
Total provision for proposed dividend
Provision for statutory liabilities
Provision for abandonment cost
Other provisions
Total provisions
53
Short-term [Member]
31/03/2013
31/03/2014
31/03/2013
441
0
0
0
183
0
0
0
0
0
0
0
0
0
0
0
487
441
183
487
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
441
0
0
0
0
183
0
0
0
0
487
0
0
0
0
0

01/04/2013
to
31/03/2014
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term
Total other long-term liabilities
Nature of other provisions
Current maturities of long-term debt
Interest accrued but not due on borrowings
Interest accrued and due on borrowings
Debentures claimed but not paid
Unpaid dividends
Unpaid matured deposits and interest accrued thereon
Unpaid matured debentures and interest accrued thereon
Taxes payable other tax
01/04/2012
to
31/03/2013
0
0
NA
0
0
NA
5,000
104
0
0
0
0
0
1,028
Accrued expenses payable

Public deposit payable, current
Total other payables, current
Short-term employee related liabilities
Contribution to provident fund scheme
Current liabilities portion of share application money pending
allotment
Other current liabilities, others
Total other current liabilities
Other non-current assets, others
0
0
0
0
0
0
0
5,010
151
(A) 3,312
0
4,340
2,160
0
0
5,161
748
0
0
11,604
0
5,909
0
(B) 9,943
9,943
Total other non-current assets

Nature of other non-current assets, others
Aggregate amount of trade receivables outstanding for period
exceeding six months
Fixed deposits with banks
Other deposits with banks
OTHER
Other balances with banks

Total balance with banks
Cash on hand
Total cash and cash equivalents
Total cash and bank balances
Balances held with banks to extent held as margin money
Balances held with banks to extent held as security against
borrowings
Balances held with banks to extent held as guarantees
Balances held with banks to extent held against other
commitments
Total balances held with banks to extent held as
margin money or security against borrowings,
guarantees or other commitments
Bank deposits with more than twelve months maturity
Dividend receivable, subsidiaries
Total dividend receivable
Other current assets, others
0
OTHER
0
8,008
0
2,458
0
(C) 1,000
9,008
29
9,037
9,037
0
2,458
9
2,467
2,467
0
0
0
0
0
0
0
(D) 15
15
Total other current assets
Footnotes
(A) Provision for Expenses 3,312
(B) 31 March 2014 Unsecured, Considered good Non-current bank balances (Refer Note 17) 9,650 Others Interest accrued on fixed
deposits 293
(C) Deposits with original maturity for more than 12 months 9,650 Deposits with original maturity for more than 3 months but less than
12 months 1,000 10,650 Less : Amount disclosed under non-current assets (Refer Note 13) (9,650)
(D) Interest accrued on fixed deposits 15
54
0
0
[200700] Notes - Additional disclosures on balance sheet

01/04/2013
to
31/03/2014
Disclosure of additional balance sheet notes explanatory [TextBlock]
Claims against company not acknowledged as debt
Total contingent liabilities
Estimated amount of contracts remaining to be executed on
capital account and not provided for
Total commitments
Total contingent liabilities and commitments
Amount of dividends proposed to be distributed to equity shareholders
Amount of per share dividend proposed to be distributed to equity
shareholders
Amount of dividends proposed to be distributed to preference
shareholders
Amount of per share dividend proposed to be distributed to
preference shareholders
Arrears of fixed cumulative dividends on preference shares
Percentage of equity shares held up by directors and related parties
Deposits accepted or renewed during period
Deposits matured and claimed but not paid during period
Deposits matured and claimed but not paid
Deposits matured but not claimed
Interest on deposits accrued and due but not paid
Additions to equity share warrants during period
Deductions in equity share warrants during period
Total changes in equity share warrants during period
Equity share warrants at end of period
Equity share warrants for existing members
Equity share warrants for others
Total equity share warrants
Share application money received during year
Share application money paid during year
Amount of share application money received back during year
Amount of share application money repaid returned back during year
Number of person share application money paid during year
Number of person share application money received during year
Number of person share application money paid as at end of year
Number of person share application money received as at end of year
Disclosure of whether all assets and liabilities are registered with
company
Whether maintenance of cost records by company has
been mandated under any cost accounting records
rules notified under section 209(1)(d) of
companies act,1956
Unclaimed share application refund money
Unclaimed matured debentures
Unclaimed matured deposits
Interest unclaimed amount
01/04/2012
to
31/03/2013
0
0
0
0
0
0
0
0
0
0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
0
100.00%
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Yes
Yes
No
No
0
0
0
0
0
0
0
0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2013
to
31/03/2014
Disclosure of accounting policies, change in accounting policies and
changes in estimates explanatory [TextBlock]
Textual
information
[See below]
55
(5)

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Corporate Information:
Securens Systems Private Limited (the Company') was incorporated on

December 13, 2011. The Company is in the business of providing 24/7 monitoring of intrusion alarm security systems and other related products
and services. It is also engaged in trading of Electronic Security Systems, which include alarm panels, alarm sensors, CCTV cameras and various
other security related systems and components.
Basis of accounting and preparation of financial statements:
The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian
GAAP). The Company has prepared these financial statements to comply in all material respects with the accounting standards notified under the
Companies Act, 1956 read with General Circular 8/2014 dated
4 April, 2014 issued by the Ministry of Corporate Affairs, in respect of Section 133 of the Companies Act, 2013.The financial statements have
been prepared on an accrual basis and under the historical cost convention. The accounting policies adopted in the preparation of the financial
statements are consistent with those followed in the previous year.
The Company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards
notified under the Micro, Small and Medium Enterprises Development Act, 2006. Accordingly, the Company has complied with the Accounting
Standards as applicable to an SMC.
3. Summary of Significant Accounting Policies.
a)
Use of estimates:
The preparation of the financial statements in conformity with Indian GAAP requires the Management to make judgements, estimates and
assumptions considered in the reported amounts of assets and liabilities and the disclosure of contingent liabilities and the reported income and
expenses during the year. Although these estimates are based on the management's best knowledge of current events and actions, uncertainty
about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities
in future periods.
b)
Tangible Fixed Assets
56
Fixed assets are stated at cost, net of accumulated depreciation and accumulated impairment losses, if any. Cost comprises the purchase price and
directly attributable cost of bringing the asset to its working condition for its intended use.
Subsequent expenditure related to an item of fixed asset is added to its book value only if it increases the future benefits from the existing asset
beyond its previously assessed standard of performance. All other expenses on existing fixed assets, including day-to-day repair and maintenance
expenditure and cost of replacing parts, are charged to the statement of profit and loss for the period during which such expenses are incurred.
Gains or losses arising from derecognition of fixed assets are measured as the difference between the net disposal proceeds and the carrying
amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
c)
Depreciation on tangible fixed assets:
Depreciation on fixed assets is calculated on a straight line basis based on the useful life of assets as estimated by the management as specified
below or with the rates specified in accordance with the provisions of Schedule XIV to the Companies Act, 1956, whichever is higher:
Depreciation on (SLM )
Category
Schedule XIV rates (%)

Basis (%)
Office Equipment
20
6.33
Plant and Machinery
14.29
4.75
Furniture and fixtures
20
6.33
Computers
20
16.21
Leasehold Improvements are depreciated over the lease period
d)
Intangible Assets and related amortization:
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost
less accumulated amortization and accumulated impairment losses, if any.
57
Intangible assets are amortized on a straight line basis over the estimated useful economic life. Intangible assets consist of computer software and
are amortized over 5 year period.
e)
Impairment of tangible and intangible assets
Impairment losses, including impairment on inventories, are recognized in the statement of profit and loss. After impairment, depreciation is
provided on the revised carrying amount of the asset over its remaining useful life.
f)
Leases:
Leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased item, are classified as operating
leases. Operating lease payments are recognized as an expense in the statement of profit and loss on a straight-line basis over the lease term.
Profit from sale and leaseback transactions is recognized immediately if significant risks and rewards of ownership have passed to the buyer, the
leaseback results in an operating lease and the transaction is established at fair value.
If the sale price is below fair value, any profit or loss is recognised immediately except that, if the loss is compensated by future lease payments at
below market price, it is deferred and amortised in proportion to the lease payments over the period for which the asset is expected to be used. If
the sale price is above fair value, the excess over the fair value is deferred and amortized over the period for which the asset is expected to be
used.
g)
Investment:
Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made,
are classified as current investments. All other investments are classified as long-term investments.
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such
58
as brokerage, fees and duties.
Current investments are carried in the financial statements at lower of cost and fair value determined on an individual investment basis.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of
profit and loss.
h)
Inventories:
Inventories are valued at the lower of cost (on moving average basis) and the net realizable value after providing for obsolescence and other
losses, where considered necessary. Cost includes all charges in bringing the goods to the godown of the Company. Octroi and other levies are
expensed off in the statement of profit and loss and are not included in the cost of inventories.
i)
Revenue recognition:
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably
measured. The following specific recognition criteria must also be met before revenue is recognized:
Sale of goods:
Revenue from sale of goods is recognized when all the significant risks and rewards of ownership of the goods have been passed to the buyer,
usually on delivery of the goods. The company collects sales taxes and value added taxes (VAT) on behalf of the government and, therefore, these
are not economic benefits flowing to the company. Hence, they are excluded from revenue.
Income from services:

Revenue from monitoring services is recognized as and when services are rendered. The company collects service tax on behalf of the
government and, therefore, it is not an economic benefit flowing to the company. Hence, it is excluded from revenue.
Revenue from Installation is recognized in the period in which services are rendered.
59
Revenues from maintenance and other services is recognized pro-rata over the period of the contract as and when services are rendered. The
company collects service tax on behalf of the government and, therefore, it is not an economic benefit flowing to the company. Hence, it is
excluded from revenue.
Interest:
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest rate. Interest
income is included under the head other income in the statement of profit and loss.
Dividends:
Dividend income is recognized when the company's right to receive dividend is established by the reporting date.
j)
Retirement and other employee benefits:
Retirement benefit in the form of Provident Fund is a defined contribution scheme. The company has no obligation, other than the contribution
payable to the provident fund. The company recognizes contribution payable to the provident fund scheme as an expenditure, when an employee
renders the related service.
The Company operates defined benefit plan for its employees, viz., gratuity. The costs of providing benefits under this plan are determined for on
the basis of an actuarial valuation on projected unit credit method made at the end of each financial year Actuarial gains and losses are
recognised in full in the period in which they occur in the statement of profit and loss.
Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short term employee benefit. The Company measures
the expected cost of such absences as the additional amount it expects to pay as a result of the unused entitlement that has accumulated at the
reporting date.
60
The Company treats accumulated leave balances expected to be carried forward beyond twelve months, as long term employee benefit for
measurement purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit credit
method at the year end. Actuarial gains/losses are immediately taken to the statement of profit and loss and are not deferred.
k)
Income taxes:
Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in
accordance with the Income-tax Act, 1961 enacted in India and tax laws prevailing in the respective tax jurisdictions where the company operates.
The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date.
Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current year
and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted or substantively
enacted at the reporting date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement
of profit and loss.
Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized for deductible timing differences only
to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be
realized. In situations where the company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized only if
there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.
At each reporting date, the company re-assesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax asset to the extent that
it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such
deferred tax assets can be realized.
The carrying amount of deferred tax assets are reviewed at each reporting date. The company writes-down the carrying amount of deferred tax
asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be
available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or
virtually certain, as the case may be, that sufficient future taxable income will be available
Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set-off current tax assets against current tax
liabilities and the deferred tax assets and deferred taxes relate to the same taxable entity and the same taxation authority.
61
l)
Earnings Per Share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period.
m) Provisions:
A provision is recognized when the Company has a present obligation as a result of past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting
date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.
n)
Cash and Cash Equivalent:
Cash and cash equivalents comprise cash at bank and in hand and short-term investments with an original maturity of three months or less.
[201200] Notes - Employee benefits

01/04/2013
to
31/03/2014
Disclosure of employee benefits explanatory [TextBlock]
NA
62
[201600] Notes - Related party

Disclosure of relationship and transactions between related parties [Table]
..(1)

Categories of related parties [Axis]
RP1
01/04/2013
to
31/03/2014
RP2
01/04/2012
to
31/03/2013
01/04/2013
to
31/03/2014
01/04/2012
to
31/03/2013
Disclosure of relationship and transactions between

related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Name of related party
Country of incorporation or residence of related
party
Permanent account number of related party
Description of nature of related party relationship
Description of nature of transactions with related
party
Related party transactions [Abstract]
Transfers under finance agreements related
party transactions [Abstract]
Transfers of loan under finance
agreements from enterprise related
party transactions
Transfers of loan under finance
agreements to enterprise related party
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel
Mr. Sunil Udupa Mr. Sunil Udupa Mr. Srinivas Popuri Mr. Srinivas Popuri
(Managing Director) (Managing Director) (C.E.O)
(C.E.O)
INDIA
INDIA
INDIA
INDIA
AAAPU0240J
AAAPU0240J
AFIPP5186P
AFIPP5186P
Key Management Key
Management Key Management Key
Management
Personnel
Personnel
Personnel
Personnel
Remuniration and Remuniration
and Remuniration and Remuniration
and
Loan
Loan
Loan
Loan
(A) 3,000
(C) 3,000
3,600
(B) 116
(D) 116
2,400
3,000
2,400
Footnotes
(A) Loan Taken
(B) Loan taken
(C) Loan Paid
(D) Loan Paid
01/04/2013
to
31/03/2014
Textual
information
[See below]
Yes
No
Disclosure of notes on related party explanatory [TextBlock]

Whether there are any related party transactions during year
Whether company is subsidiary company
63
01/04/2012
to
31/03/2013
(6)
Yes
No

Disclosure of notes on related party explanatory [Text Block]
Names of related parties and related party relationship
A) Related parties with whom transactions have taken
place during the year
Key management personnel ("KMP"):
Mr. Sunil Udupa (Managing Director)
Mr. Srinivas Popuri (C.E.O)
B) Material transactions during the year with related
parties:
Nature of transaction
Relation with
related party
Remuneration #
KMP
Remuneration #
KMP
Loan Taken
KMP
Loan Taken
KMP
Loan Repayment
KMP
Loan Repayment
KMP
Name of related
party
Mr. Sunil
Udupa
Mr. Srinivas
Popuri
Mr. Sunil
Udupa
Mr. Srinivas
Popuri
Mr. Sunil
Udupa
Mr. Srinivas
Popuri
Year ended
March 31, 2014
Year ended
March 31, 2013
3,600
2,400
3,000
2,400
3,000
116
3,000
116
[300300] Notes - Earnings per share

01/04/2013
to
31/03/2014
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
01/04/2012
to
31/03/2013
-20,309
-22,474
-20,309
-22,474
[202800] Notes - Subsidiary information

01/04/2013
to
31/03/2014
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies
No
64
[202400] Notes - Investments in associates

01/04/2013
to
31/03/2014
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates
No
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2013
to
31/03/2014
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures
No
[202100] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of other provisions [Table]
..(1)

Classes of other provisions [Axis]
Miscellaneous other provisions [Member]
31/03/2014
31/03/2013
Disclosure of other provisions [Abstract]

Disclosure of other provisions [LineItems]
Reconciliation of changes in other provisions [Abstract]
Other provisions at end of period
[202700] Notes - Cash flow statements

31/03/2014
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Total cash and cash equivalents
9,037
65
31/03/2013
2,467

FY14 Balance Sheet

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FY14 Balance Sheet

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SECURENS SYSTEMS PRIVATE LIMITED

Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

[400100] Disclosure of general information about company

Address of registered office of company

[400400] Disclosures - Directors report

Unless otherwise specified, all monetary values are in Thousands of INR

Details of signatories of board report [Abstract]

Unless otherwise specified, all monetary values are in Thousands of INR

Disclosure in board of directors report explanatory [TextBlock]

Disclosures in director?s responsibility statement

Director's comments on qualification(s), reservation(s) or adverse

Textual information (1)

For the financial year ended 31st March, 2014.

For the financial year ended, 31st March, 2013.

Amount in Rs. (000)

Amount in Rs. (000)

Net Profit / (Loss) Before Tax

Provision for Tax

Deferred Income Tax

Profit / (Loss) after Tax

Profit / (Loss) brought forward

Balance Carried over to Balance Sheet

Review of Operation (rounded to nearest 000)

None of the Directors were appointed during the Financial Year.

Directors' Responsibility Statement

Disclosures under Section 217(1)(d) of the Companies Act, 1956

Your directors recommends their re-appointment as Statutory Auditors of the Company.

For and on behalf of the Board

ANNEXURE A TO THE DIRECTORS REPORT

B.E. (Electrical Engineering),

For and on behalf of the Board of Directors of

Textual information (2)

Textual information (3)

[400200] Disclosures - Auditors report

Unless otherwise specified, all monetary values are in Thousands of INR

Name of audit firm

Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table]

Unless otherwise specified, all monetary values are in Thousands of INR

Unless otherwise specified, all monetary values are in Thousands of INR

Disclosure in auditor?s report explanatory [TextBlock]

Textual information (4)

To the Members of Securens Systems Private Limited

Report on the Financial Statements

Management's Responsibility for the Financial Statements

Securens Systems Private Limited

Report on Other Legal and Regulatory Requirements

2. As required by section 227(3) of the Act, we report that:

For S.R. Batliboi and Associates LLP

Securens Systems Private Limited

Re: Securens Systems Private Limited (the Company')

Securens Systems Private Limited

months from the date they became payable, are as follows:

April 26, 2014

July 17, 2014

April 19, 2014

Securens Systems Private Limited

Securens Systems Private Limited

For S.R. Batliboi and Associates LLP

[100100] Balance sheet

[400300] Disclosures - Signatories of balance sheet

Unless otherwise specified, all monetary values are in Thousands of INR

Details of signatories of balance sheet [Abstract]

[200100] Notes - Share capital

Unless otherwise specified, all monetary values are in Thousands of INR