Echo India Managed Services Private Limited

CIN: U72900DL2011FTC227486

Balance Sheet as at March 31, 2015

All amount in `, unless ot
As at
Note
31st March, 2015
EQUITY AND LIABILITIES
Shareholders' Fund
Share Capital 2 410,000
Reserve and Surplus 3 5,028,097
5,438,097

Non-Current Liabilities
Long Term Provision 4 1,657,080
1,657,080

Current Liabilities
Trade Payables 5 1,637,493
Other Current liabilities 6 8,244,299
Short Term Provisions 7 251,375
10,133,167

17,228,344

ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets 8 (A) 2,004,970
Intangible Assets 8 (B) 23,133
Deferred Tax Assets (Net) 9 798,239
Long Terms Loans and Advances 10 3,074,134
Other Non-Current Assets 11 19,960
5,920,435

Current Assets
Trade Receivables 12 71,500
Cash and Bank Balances 13 11,066,045
Short Term Loans and Advances 14 17,488
Other Current Assets 15 152,876
11,307,909
17,228,344

SIGNIFICANT ACCOUNTING POLICIES 1

The notes referred to above form an integral part of the Financial Statement.

In terms of our report of even date

for S.P. Kapoor & Co. for and on behalf of the Board of Directors
Chartered Accountants Echo India Managed Services Private Limited
Firm Registration No: 002762N

Sd/- Sd/-
Sanjeev Kapoor Monica Alexandra Mackintosh Nigel A
Proprietor Director Directo
Membership No: 087948 DIN:06578185 DIN: 05

New Delhi
3rd September, 2015
`, unless otherwise stated
As at
31st March, 2014

410,000
2,887,754
3,297,754

922,818
922,818

278,161
2,447,245
463,252
3,188,658

7,409,230

1,276,952
33,989
366,150
2,293,765
39,920
4,010,776

16,500
3,280,341
28,060
73,553
3,398,454
7,409,230
Limited

Sd/-
Nigel Alan Baker
Director
DIN: 05135773
Echo India Managed Services Private Limited
CIN: U72900DL2011FTC227486

Statement of Profit and Loss for the year ended March 31, 2015
Amount in `, unless oth
For the year ende
Note
31st March, 2015
I. Revenue
Income from Operations 16 39,876,424
Other Income 17 253,075
Total Revenue 40,129,499

II. Expenses
Employee Benefit Expenses 18 25,695,432
Financial Costs 19 264,740
Depreciation & Amortization Expenses 20 1,168,499
Operating and Administrative Expenses 21 10,253,592
Total Expenses 37,382,263

III. Profit before exceptional items and Tax (I-II) 2,747,236.10

IV. Exceptional Items (III+IV) 27 55,000
V. Profit before Tax (III-IV) 2,802,236
VI. Tax Expense
Current Tax 1,071,000
Deferred Tax (432,089)
Earlier Year Tax 22,982
VII. Net Profit for the Year (III-IV) 2,140,343

VIII.Earnings per Equity Share 23

Basic 5.22
Diluted 5.22

SIGNIFICANT ACCOUNTING POLICIES 1

The notes referred to above form an integral part of the Financial Statement.

In terms of our report of even date

for S.P. Kapoor & Co. for and on behalf of the Board of Directors
Chartered Accountants Echo India Managed Services Private Limit
Firm's Registration No: 002762N

Sd/- Sd/- Sd/-

Sanjeev Kapoor Monica Alexandra Mackintosh Nigel Ala
Proprietor Director Director
Membership No: 08762N DIN:06578185 DIN: 051

New Delhi
3rd September, 2015
unless otherwise stated
year ended
31st March, 2014

32,752,226
276,382
33,028,608

19,978,129
-
422,773
10,315,538
30,716,440

2,312,168
-
2,312,168

920,171
12,269
-
1,379,728

3.37
3.37
irectors
vate Limited

Sd/-
Nigel Alan Baker
Director
DIN: 05135773
Echo India Managed Services Private Limited
CIN: U72900DL2011FTC227486

Cash Flow Statement for the year ended 31st March, 2015
Amount in ` , unle
For the year ended
31st March, 2015
A. Cash Flow from Operating Activities
Net Profit before Tax 2,802,236
Adjustments for:
Depreciation and Amortisation Expense 1,148,539
Preliminiary Expenses Written off 19,960
Provision for Employee Benefits 522,385
Interest Income (253,075)
Interest Expense 264,740
Loss on Sale of Fixed Assets 618 1,703,167
Operating profit before Working Capital Changes 4,505,403
Working Capital Changes:
Trade Receivables (55,000)
Short Term Loans and Advances 10,572
Long Terms Loans & Advances (780,369)
Other Current Assets (79,323)
Trade Payables 1,359,333
Other Current Liabilities 5,797,054 6,252,266
Cash Generated from Operations 10,757,670
Direct Taxes paid (net) 1,093,982
Net Cash Flow from Operating Activities (A) 9,663,688

B. Cash flow from Investing Activities

Purchase of Fixed Assets (1,868,319)
Sale of Fixed Assets 2,000 (1,866,319)
Net Cash Flow from Investing Activities (B) (1,866,319)

C. Cash flow from Financing Activities

Interest Income 253,075
Interest Expense (264,740) (11,665)
Net Cash Flow from Financing Activities (C) (11,665)

Net increase/(decrease) in Cash and Cash Equivalents (A+B+C) 7,785,704

Cash and Cash Equivalents at the beginning of the year 3,280,341
Cash and Cash Equivalents at the end of the year 11,066,045

Notes:
 Cash Flow Statement has been prepared under the Indirect method as set out in Accounting Standard (AS 3).

In terms of our report of even date

for S.P. Kapoor & Co. for and on behalf of the Board of Dir
Chartered Accountants Echo India Managed Services Private
Firm's Registration No: 002762N

Sanjeev Kapoor Monica Alexandra Mackintosh

Proprietor Director
Membership No: 08762N DIN:06578185

New Delhi
3rd September, 2015
nt in ` , unless otherwise stated
year ended
31st March, 2014

2,312,168

402,813
19,960
565,174
(230,450)
66,965
- 824,462
3,136,630

-
3,608
-
(15,210)
(296,975)
142,068 (166,509)
2,970,121
920,171
2,049,950

(685,401)
- (685,401)
(685,401)

230,450
(66,965) 163,485
163,485

1,528,034
1,752,307
3,280,341
Board of Directors
ces Private Limited

Nigel Alan Baker

Director
DIN: 05135773
Echo India Managed Services Private Limited
CIN: U72900DL2011FTC227486

Note 1: Significant Accounting Policies

a. Company Information:
Echo India Managed Services Private Limited (the company) is the subsidiary of Echo Managed PLC, United
under Company Act, 1956.
The principal business of the company is development of software products.

b. Basis of preparation:
The accounts have been prepared in accordance with the historical cost convention under accrual basis of acco
Accounts and Disclosures thereon comply with the Accounting Standards specified in Companies (Accounting
continue to apply under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (A
pronouncement of ICAI and provisions of the Companies Act as applicable.

c. Use of Estimates:
The preparation of the financial statements in conformity with the generally accepted accounting principles in India
make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingen
income and expenses during the year. The Management believes that the estimates used in preparation of the fin
and reasonable. Future results could differ from these estimates and the differences between the actual and the es
periods in which the actual are known/materialize.

d. Fixed Assets:
Fixed assets are stated at acquisition cost less accumulated depreciation/amortization. All direct costs are capital
taxes and expenses incidental to acquisition and installation of fixed assets.
Depreciation on tangible fixed assets has been provided on written down value method in terms of life span of ass
the Companies Act, 2013.
Intangibles assets are being amortized over the period of six years as per the provision prescribed in AS-26.

e. Impairment of Assets:
At each Balance Sheet date, the Company reviews the carrying value of tangible and intangible assets for a
impairment loss is recognised when the carrying amount of an asset exceeds its recoverable amount. The recover
higher of the assets net selling price or estimated future cash flows expected to arise from the continuing use
disposal at the end of their useful lives, which are discounted to their present value based on appropriate discount ra

f. Employee benefits:
i. Defined Contribution Plans for its employees includes Provident Fund and contribution to these plans is charged
Loss as and when incurred.
ii. Defined Benefit Plans for the employees such as Leave Salary and Gratuity of employees are recognised on the
per AS-15.
 Defined Benefit Plans for the employees such as Leave Salary and Gratuity of employees are recognised on the
per AS-15.

g. Revenue Recognition:
i. Service Income is recognised on cost plus basis as per the terms of the contract with customers, as the ser
proportionate completion method.
ii. Income from interest is accounted for on time proportion basis taking into account the amount outstanding and the

h. Taxation:
Current tax is determined as the amount of tax payable in respect of taxable income for the year using the tax rate
enacted or substantively enacted at the Balance Sheet date.
Deferred tax is recognised for all the timing differences, subject to the consideration of prudence in respect of def
assets are recognised and carried forward only to the extent that there is a reasonable certainty that sufficient f
available against which such deferred tax assets can be realised.
i. Foreign Currency Translation:
Transactions in foreign currencies are recognized at rate of overseas currency ruling on the date of transactions. G
of rise or fall in overseas currencies vis-a-vis reporting currency between the date of transaction and that of paym
Profit & Loss.

j. Provision, Contingent Liabilities and Contingent Assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obliga
and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disc
Assets are neither recognized nor disclosed in the financial statements.

k. Earnings Per Share:

Earnings per share are calculated by dividing the net profit or loss for the period attributable to equity share hol
shares outstanding during the period.

l. Segment Reporting:
The Company is engaged in software related support services in a single business segment based on the nature
returns, the organization structure and the internal financial reporting systems. Accordingly, segment reporting is n
and the figures appearing in these financial statements relate to the Companys single business segment.

Note 2: Share Capital

As at 31st March, 2015
Share Capital Number `
Authorised:
Equity Shares of ` 1 each 2,500,000 2,500,000
Issued, Subscribed and Paid Up
Equity Shares of ` 1 each 410,000 410,000
410,000 410,000

a. Reconciliation of the number of equity shares outstanding at the beginning and at the end of the reportin
As at 31st March, 2015
Shares outstanding at the beginning of the year Number `
beginning of the year 410,000### 410,000
Movement during the year - -
Shares outstanding at the end of the year
the year 410,000 410,000
###

b. Shares held by holding company:

As at 31st March, 2015
Number `
Echo Managed Services Limited ,UK 400,000 400,000

c. No of shares held by each shareholder holding more than 5 percent equity shares of the Company
 As at 31st March, 2015
Number % held
Equity shares of ` 1 fully paid up Echo Managed 400,000 97.56%
Services Limited,UK

d. Rights, preferences and restrictions attached to shares

The Company has only one class of shares referred to as equity shares having a par value of ` 1. Each holder of e
vote per share. The Company declares and pays dividends in Indian Rupees. The proposed dividend, if any by the
to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equit
receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their s
will be in proportion to the number of equity shares held by the shareholders.
Note: 3 Reserve and Surplus

Surplus in Statement of Profit and Loss

Balance as at the beginning of the year
Addition during the year (Balance in Statement of Profit & Loss)
Allocations and Appropriations
At the end of Accounting Period

Note:4 Long Term Provision

Liability for employee benefits (Gratuity & Leave Encashment has been determined by an actuary, appointed for th
the principles set out in the AS 15 (Revised):

Provision for Employee Benefits

Gratuity
Leave Encashment

Note: 5 Trade Payables

Outstanding dues to other than Micro & Small Enterprises

Note: 6 Other Current Liabilities

Advance from Related Party

Expense Payable
Liability for Employees Fund
Liability for Statutory Payments

Note: 7 Short Term Provisions

Provision for Employee Benefits

Gratuity
Leave Encashment
Others
Provision for Income Tax (Net of TDS and Taxes paid)
Provision for Expenses
Note 9: Deferred Tax Assets (Net)

Deferred Tax Assets

Balance as at the beginning of the year
Impact of difference between tax depreciation and depreciation &
amortization charged for financial reporting during the year
Others
Gratuity
Leave Encashment
Total (a)
Deferred Tax Liabilities
Impact of difference between tax depreciation and depreciation &
amortization charged for financial reporting during the year
Total (b)
Total (a-b)

Note 10: Long Terms Loans and Advances

(Unsecured & Considered Good)

Security Deposits
Advances to Related Parties
Considered Doubtful
Less: Provision for Bad Debts

Note 11: Non-Current Assets

Misc. Expenditure (To the extend not written off)

Preliminary & Pre-operative Expenses
Opening Balance/Addition
Less: Written off during the year

Note 12: Trade Receivables

Outstanding for a period not exceeding six months from the date
they are due for paym
Note 13: Cash and Bank Balances

A. Cash & Cash Equivalents

Cash in hand
Balance with Banks
In Current Accounts
Term Deposit maturing within three months
Total (a)
B. Other Bank Balances
Term Deposit maturing after three months but before twelve months
Total (b)
Total (a+b)
Note 14: Short Term & Advances
(Unsecured, considered good unless otherwise stated)

Loans and advances to employees

Note 15: Other Current Assets

Prepaid Expenses
Interest Accrued on Term Deposits

Note 16 : Revenue From Operations

Income from Software Support

Other Operating Revenues

Note 17: Other Income

Interest received on Fixed Deposits with Banks

Other Income
Miscellaneous Receipts (Net)

Note 18: Employee Benefit Expenses

Salaries and Wages

Incentives
Bonus
Leave Encashment
Gratuity Expenses
Contribution to Provident Fund
Mediclaim Insurance Expenses
Staff Welfare
Note 19: Financial Cost

Foreign Currency Fluctuations Loss

Note 20: Depreciation & Amortisation Expenses

Depreciation (Read with Note 9)

Amortisation (Read with Note 9)
Preliminary & Pre-Operative Expenses Written Off
Note 21: Operating & Administrative Expenses

Communication Expenses
Gift Expenses
Power and Fuel
Payment to Auditors
Prior Period Expenses
Professional Charges
Provision for Bad Debts
Repairs and Maintenance
Computers
Maintenance Charges
Rent
Security Expense
Training Expenses
Travelling Expenses
General Expenses

Note 22: Payment to Auditors (with service tax)

Statutory & Tax Audit Fees

Transfer Pricing Fees
Management Services
Secretarial Services

Note 23: Earnings Per Share (EPS)

Earnings per share is calculated by dividing the profit attributable to the equity shareholders by the weighted ave
outstanding during the year. The numbers used in calculating basic and diluted earnings are stated below:

Profit for the year

Weighted average number of shares outstanding during the year (Nos.)
Face value of Share
Earnings per Share (Basic/Diluted)

Note 24: Earnings in Foreign Currency

 Export of Software Support Services

Note 25: Employee Benefits

A. Defined Contribution Plans

Contribution to Employees Provident Fund
B. Defined Benefit Plans
Gratuity
For the year ended
31st March, 2015 31st March, 2014
a) Change in benefit obligations:
Defined Benefit Obligation, beginning of the year 388,038 234,520
Service Cost for the year 411,195 243,848
Interest Cost for the year 31,043 21,459
Actuarial Losses/Gains 31,773 (10,301)
Benefits Paid (101,488)
862,049 388,038

b) Amount recognised in the Balance Sheet

Gratuity
For the year ended
31st March, 2015 31st March, 2014
Present Value of unfunded obligations 862,049 388,038
Net Liability Recognised on Balance Sheet 862,049 388,038

c) Expenses recognised in the Statement of Profit and Loss

Gratuity
For the year ended
31st March, 2015 31st March, 2014
Current Service Cost 411,195 243,848
Interest on Obligation 31,043 21,459
Net Acturial Losses/Gains during the year 31,773 (10,301)
Total Expenses recognised in Statement of Profit & 474,011 255,006
Loss

Note 26: Related Party Transaction

A. Enterprise whose control exists :
i. Holding Company :Echo Managed Services PLC

B. Transactions with Related Parties :

i. Holding Company Income from services rendered

Advances Received

27. Exception items of 55,000 is on account of provision for expenses written back as it was no longer required.

28. Previous year figures have been regrouped wherever necessary to make them comparable with those of the current

29. Certain balances of sundry creditors/sundry debtors are pending confirmation/ reconciliation with the respective pa

30. The figures have been rounded off to the nearest Indian rupees.
In terms of our report of even date
for S.P. Kapoor & Co. for and on behalf of the B
Chartered Accountants Echo India Managed Servic
Firm's Registration No: 002762N

Sanjeev Kapoor Monica Alexandra Mackintosh

Proprietor Director
Membership No: 08762N DIN:06578185

New Delhi
3rd September, 2015
 Amount in ` , unless otherwise stated

aged PLC, United Kingdom and is incorporated

crual basis of accounting as per Indian GAAP.

anies (Accounting Standard) Rules, 2006 which
the Companies (Accounts) Rules, 2014, other

g principles in India requires, the Management to

ncluding contingent liabilities) and the reported
eparation of the financial statements are prudent
e actual and the estimates are recognised in the

ct costs are capitalised including freight, duties,

of life span of assets specified in Schedule II of

d in AS-26.

ngible assets for any possible impairment. An

mount. The recoverable amount is determined as
the continuing use of the assets and from their
ropriate discount rates.

e plans is charged to the Statement of Profit and

recognised on the basis of actuarial valuation as

tomers, as the service is performed using the

utstanding and the applicable rate of interest.

r using the tax rates and tax laws that have been

ce in respect of deferred tax assets. Deferred tax

ty that sufficient future taxable income will be
e of transactions. Gain / Loss arising on account
n and that of payment is charged to Statement of

e is a present obligation as a result of past events

gnized but are disclosed in the notes. Contingent

o equity share holders by the number of equity

ased on the nature of the services, the risks and

ment reporting is not applicable to the company
egment.

As at 31st March, 2014

Number `

2,500,000 2,500,000

410,000 410,000
410,000 410,000

nd of the reporting period:

As at 31st March, 2014
Number `
410,000### 410,000
- -
410,000 410,000

As at 31st March, 2014

Number `
400,000 400,000

Company
 As at 31st March, 2014
Number % held
400,000 100

1. Each holder of equity shares is entitled to one

dend, if any by the Board of Directors is subject
quidation, the equity shareholders are eligible to
roportion to their shareholding. The distribution
 As at
31st March, 2015 31st March, 2014

2,887,754 1,508,026
2,140,343 1,379,728
-
5,028,097 2,887,754

ry, appointed for the purpose, in conformity with

As at
31st March, 2015 31st March, 2014

846,199 380,903
810,881 541,915
1,657,080 922,818

As at
31st March, 2015 31st March, 2014
1,637,493 278,161
1,637,493 278,161

As at
31st March, 2015 31st March, 2014
7,880,641 1,585,695
- 337,788
114,754 36,919
248,904 486,843
8,244,299 2,447,245

As at
31st March, 2015 31st March, 2014

15,850 7,135
28,599 27,448
195,690 397,131
11,236 31,538
251,375 463,252
 As at
31st March, 2015 31st March, 2014

366,150 378,420
2,268 -

199,886 -
146,469 43,618
83,465 18,346
798,239 440,384

- 74,234

- 74,234
798,239 366,150

As at
31st March, 2015 31st March, 2014
3,074,134 2,293,765

646,263 646,263
(646,263) (646,263)
3,074,134 2,293,765

As at
31st March, 2015 31st March, 2014

39,920 59,880
(19,960) (19,960)
19,960 39,920

As at
31st March, 2015 31st March, 2014
71,500 16,500
71,500 16,500
 As at
31st March, 2015 31st March, 2014

13,473 891

3,552,572 3,279,450
5,000,000 -
8,566,045 3,280,341

2,500,000 -
2,500,000 -
11,066,045 3,280,341
 As at
31st March, 2015 31st March, 2014
17,488 28,060
17,488 28,060

As at
31st March, 2015 31st March, 2014
125,979
### 73,553
26,897 -
152,876 73,553

For the year ended

31st March, 2015 31st March, 2014
39,876,424 32,752,226
- -
39,876,424 32,752,226

For the year ended

31st March, 2015 31st March, 2014
253,075 230,450
- 43,276
- 2,656
253,075 276,382

For the year ended

31st March, 2015 31st March, 2014
22,548,765 17,597,587
163,476 104,632
643,711 681,442
458,217 515,284
474,011 255,005
567,813 226,329
178,627 113,408
660,812 484,442
25,695,432 19,978,129
 For the year ended
31st March, 2015 31st March, 2014
264,740 -
264,740 -

For the year ended

31st March, 2015 31st March, 2014
1,133,749 374,203
14,790 28,610
19,960 19,960
1,168,499 422,773
 For the year ended
31st March, 2015 31st March, 2014
572,287 528,699
11,000 135,298
367,539 241,788
408,428 662,339
4,822 1,762
2,162,574 1,644,924
- 646,263

54,003 36,423
1,174,456 1,084,555
4,196,280 4,074,500
271,848 224,818
359,708 251,807
413,787 496,697
256,860 285,665
10,253,592 10,315,538

For the year ended

31st March, 2015 31st March, 2014
238,203 216,293
170,225 154,495
- 252,810
- 38,741
408,428 662,339

y the weighted average number of equity shares

d below:
For the year ended
31st March, 2015 31st March, 2014
2,140,343 1,379,728
410000 410,000
`1 `1
5.22 3.37

For the year ended

31st March, 2015 31st March, 2014
39,876,424 32,752,226

For the year ended

31st March, 2015 31st March, 2014

567,813 226,329
 Leave Encashment
For the year ended
31st March, 2015 31st March, 2014

569,363 509,990
353,946 177,538
45,549 46,664
58,722 217,907
(188,100) (382,736)
839,480 569,363

Leave Encashment
For the year ended
31st March, 2015 31st March, 2014
839,480 569,363
839,480 569,363

Leave Encashment
For the year ended
31st March, 2015 31st March, 2014
353,946 177,538
45,549 46,664
58,722 217,907
458,217 442,109

For the year ended

31st March, 2015 31st March, 2014
39,876,424 32,752,226
7,880,641 1,585,695

er required.

hose of the current year.

h the respective parties.

 on behalf of the Board of Directors
a Managed Services Private Limited

a Mackintosh Nigel Alan Baker

Director
DIN: 05135773
Note 8: Fixed Assets

A. Tangible Assets
GROSS BLOCK DEPRECIATION BLOCK
As at 1st April Additions Deductions As at 31st As at 1st April For the year Deductions
2014 March 2015 2014
Tangible Assets:
Computer Equipment 1,557,208 1,861,950 52,355.99 3,366,802 649,781 936,091 49,738

Furnitures & Fixtures 100,700 - - 100,700 9,289 25,949 -

Office Equipments 385,811 2,436 - 388,247 107,698 171,709 -

Total Tangible Assets 2,043,719 1,864,386 52,356 3,855,749 766,768 1,133,749 49,738
Previous Year 1,363,317 680,402 - 2,043,719 385,426 381,340 -

B. Intangible Assets
GROSS BLOCK AMORTISATION BLOCK
As at 1st April Additions Deductions As at 31st As at 1st April For the year Deductions
2014 March 2015 2014
Intangible Assets
Softwares 62,599 3,933 - 66,532 28,610 14,790 -

Total Intangible Assets 62,599 3,933 - 66,532 28,610 14,790 -

Previous Year 57,600 4,999 - 62,599 7,137 21,473 -
CK NET BLOCK
As at 31st As at 31st As at 1st April
March 2015 March 2015 2014

1,536,134 1,830,668 907,427

35,238 65,462 91,411

279,407 108,840 278,113

1,850,779 2,004,970 1,276,952

766,766 1,276,952 806

CK NET BLOCK
As at 31st As at 31st As at 1st April
March 2015 March 2015 2014

43,399 23,133 33,989

43,399 23,133 33,989

28,610 33,989 28,990
Echo India Managed Services Private Limited
Depreciation as per Income Tax Act, 1961

S. No. Name of Assets Rate of Opening Balance Additions Deletion during Gross Assets Depreciat
Dep as on 01.04.2014 Upto 30.09.2015 After 30.09.2015 the Year as on 31.03.2015 Upto 30.09.2015

1 COMPUTERS 60.00% 562,077.41 534,734.00 1,237,277.00 2,000.00 2,332,088.41 656,886.85

2 PLANT AND MACHINERY 15.00% 306,091.00 0.00 2,436.00 0.00 359,867.00 45,913.65
3 FURNITURE & FIXTURES 10.00% 670,321.45 0.00 0.00 0.00 744,801.45 67,032.15

TOTAL 1,538,489.86 534,734.00 1,239,713.00 2,000.00 3,436,756.86 769,832.64

For Echo India Managed Service

Notes: Date of put to use is deferred for
UPS 9872
Computers 84000
Director
 Depreciation Closing W.D.V.
After 30.09.2015 Total as on 31.03.2015

371,183.10 1,028,069.95 1,304,018.46

182.70 46,096.35 313,770.65
0.00 67,032.15 677,769.31

371,365.80 1,141,198 2,295,558.42

a Managed Services Private Limited

Echo India Managed Services Private Limited

Status: Company Previou

PAN:AACCE8728J Assessmen
Computation of Provision for Taxation

Particulars

Income as per Statement of Profit & Loss

Add: Inadmissible Expenses
Depreciation as per Companies Act 1,148,539.10
Loss on Sale of Fixed Assets 618.00
Interest on Income Tax 1,010.00
Provision for Gratuity 474,011.00
Provision for Leave Encashment 407,007.00
Preliminary Expenses Written off 19,960.00
Prior Period Expenses 4,822.00

Less: Admissible Expenses

Depreciation as per Income Tax Act, 1961 1,141,198.44
Preliminary Expenses Written off (only 1/5th allowed) u/s 35D 9,980.00
Leave encashment paid during the year dissallowed in earlier year 136,890.00

Total Income
Income Tax Payable for A.Y. 2015-16
Provision made for Income Rax (Rounded off to nearest hundreds)
Less: Advance Tax Paid
Less: TDS
Provision of Income Tax(net of Advance Tax & TDS)

For Echo India Managed Service

Director
 Previous Year: 2014-15
Assessment Year: 2015-16

2,802,236.10

2,055,967.10

1,288,068.44

3,570,134.76
1,071,040.43
1,071,000.00
850,000.00
25,310.00
195,690.00

anaged Services Private Limited

Echo India Managed Services Private Limited

Computation of Deferred Tax Assets/Liabilities as per AS-21

Opening timing difference

Add: Creation
Depreciation as per Companies Act 1,148,539
Depreciation as per Income tax Act 1,141,198

Provision for Bad Debts

Written off Fixed Assets
Provision for Gratuity
Provision for Leave Encashment

Less: Reversal
Gratuity paid during the year
Leave encashment paid during the year

Closing Timing difference

Deferred tax asset as at 31.03.2015

Less : opening deferred tax
Deferred tax to be transferred to P & L

For Echo India Managed Services Private

Director
 1,184,950 Asset

7,341 Asset

646,263 Asset
618 Asset
474,011 Asset
407,004 Asset

-
136,890

2,583,297 Asset

798,239 Asset
366,150 Assets
432,089 Income

Managed Services Private Limited

 Echo India Managed Services Private Limited
Depreciation Working

Tangible Assets shall be depreciated over the useful life as provided by the Schedule II of the Companies Act, 2013.
GROSS BLOCK
Depreciation upto
Date of Total as on 31st Residual Value
Sr.No. Particulars Cost of Deletion during March 31/03/2014 as per
Acquisition 2015 (a+b- (d=5% of a)
Acquisition (a) Addition during the Year (c) Companies Act,1956 (e)
the year (b) c)
A. Computer Equipment
Dell 12/1/2011 122,085 - - 122,085 6,104 83,994
Dell 12/1/2011 35,677 - 35,677 - 1,784 24,546
Dell 12/1/2011 75,010 - 75,010 3,751 51,607
Dell 12/1/2011 90,207 - 90,207 4,510 62,062
Dell 12/1/2011 16,679 - 16,679 - 834 11,475
HP 4/16/2012 55,650 - - 55,650 2,783 35,067
Dell 5/5/2012 130,183 - - 130,183 6,509 79,465
Dell 8/17/2012 130,183 - - 130,183 6,509 71,504
Dell 10/31/2012 173,578 - - 173,578 8,679 86,779
Dell 7/5/2013 205,263 - - 205,263 10,263 60,735
Dell 11/12/2013 216,972 - - 216,972 10,849 33,289
Dell 3/29/2014 210,788 - - 210,788 10,539 693
Dell 7/21/2014 - 450,450 - 450,450 22,523 -
Dell 8/7/2014 - 56,898 - 56,898 2,845 -
Dell 11/19/2014 - 264,600 - 264,600 13,230 -
Dell 3/31/2015 - 919,908 - 919,908 45,995 -
Dell 3/31/2015 - 84,000 - 84,000 4,200 -

B. UPS
UPS 11/1/2011 14,592 - 14,592 730 10,040
UPS 6/25/2012 11,000 - 11,000 550 6,425
UPS 4/1/2013 4,900 - 4,900 245 1,960
UPS 5/31/2013 9,800 - 9,800 490 3,276
UPS 7/11/2013 2,450 - 2,450 123 709
UPS 11/26/2013 10,000 - 10,000 500 1,381
UPS 4/1/2014 - 13,583 - 13,583 679 -
 UPS 7/21/2014 - 9,870 - 9,870 494 -
UPS 7/25/2014 - 7,403 - 7,403 370 -
UPS 1/9/2015 - 9,870 - 9,870 494 -
UPS 3/30/2015 - 35,496 - 35,496 1,775 -
UPS 3/31/2015 - 9,872 - 9,872 494 -

C. Printers
Laser Jet 12/1/2012 9,960 - - 9,960 498 6,852
HP Laser 4/13/2012 25,232 - - 25,232 1,262 15,949
HP Printer 7/18/2013 7,000 - - 7,000 350 1,972
Total (a) 1,557,208 1,861,950 52,356 3,366,802 170,958 649,781

D. Furniture & Fixtures

12/5/2012 100,700 - - 100,700 5,035 9,289
Total (b) 100,700 100,700 5,035 9,289

E. Office Equipment
Multimedia Projector 12/1/2011 27,842 - - 27,842 1,392 8,163.77
Video Conference Machine 12/2/2011 240,095 - - 240,095 12,005 70,399.72
Paper Shredder Machine 12/3/2011 3,262 - - 3,262 163 956.35
Air Purification System 12/4/2011 49,017 - - 49,017 2,451 14,372.43
Telephone 12/5/2011 8,471 - - 8,471 424 2,459.06
Mobile 2/25/2012 24,500 - - 24,500 1,225 6,590.29
Induction Plate 4/4/2012 3,495 - - 3,495 175 901.25
Microwave Oven 2/4/2013 4,999 - - 4,999 250 787.21
Refrigerator 2/4/2013 10,900 - - 10,900 545 1,716.45
Water Dispenser 31/04/2013 10,500 - - 10,500 525 1,220.46
Telephone 11/26/2013 2,730 - - 2,730 137 131.09
Telephone 10/31/2014 - 2,436 - 2,436 122 -
Total (c) 385,811 2,436 - 388,247 19,412 107,698

Total(a+b+c+d) - 2,106,318 1,868,319 52,356 3,922,281 195,405 795,377

Intangible Assets shall be amortised in accordance with the provision mentioned in para (i) and (ii) of Accounting Standard-26.
Useful Life (in
Date of years) Rate of Cost of Additions during Adjustment Total Cost as on 31st
Particulars Acquisition Depreciation Acquisition the Year during the Year March 2015
 Date of Rate of Cost of Additions during Adjustment Total Cost as on 31st
Particulars Acquisition Depreciation Acquisition the Year during the Year March 2015

Software 12/7/2012 5.00 40.00% 54,000 - - 54,000

Software 1/7/2013 5.00 40.00% 3,600 - - 3,600
Software 8/9/2013 5.00 40.00% 4,999 - - 4,999
Software 6/27/2014 - 40.00% - 3,933 - 3,933
Total (d) - - 62,599 3,933 - 66,532
 Depreciation for Accmulated
Number of days used Useful life (days) as Remaining useful Rate of Dep as Adjustment during Depreciation as on
WDV as 31/03/2014 Carrying Amout as on 31/03/2014 per Schedule II life (Days) per Schedule II the year
(f=a-d) (g=a-d-e) (h) (i) (j=h-i) (k) the year 31st March 2015
(l=g*k) (m=e+l)

38,090 31,986 851 1095 244 93.54% 31,986 - 115,981

11,131 9,347 851 1095 244 93.54% 9,347 33,893 -
23,403 19,653 851 1095 244 93.54% 19,653 - 71,260
28,145 23,634 851 1095 244 93.54% 23,634 - 85,697
5,204 4,370 851 1095 244 93.54% 4,370 15,845 -
20,583 17,800 714 1095 381 85.30% 17,556 - 52,624
50,718 44,209 695 1095 400 84.64% 42,928 - 122,393
58,679 52,170 591 1095 504 79.66% 46,742 - 118,246
86,798 78,119 516 1095 579 76.58% 66,471 - 153,250
144,527 134,264 269 1095 826 68.92% 99,615 - 160,350
183,683 172,835 139 1095 956 66.05% 121,316 - 154,605
210,095 199,555 2 1095 1093 63.19% 132,751 - 133,444
- 427,928 253 1095 842 63.16% 187,343 187,343
- 54,053 236 1095 859 63.16% 22,074 - 22,074
- 251,370 132 1095 963 63.16% 57,416 - 57,416
- 873,913 1 1095 1094 63.16% 1,512 - 1,512
- 79,800 1 1095 1094 63.16% 138 138

4,552 3,822 851 1095 244 93.53% 3,822 - 13,862

4,575 4,025 644 1095 451 81.99% 3,751 - 10,176
2,940 2,695 364 1095 731 71.08% 2,090 - 4,050
6,524 6,034 304 1095 791 69.72% 4,549 - 7,824
1,741 1,619 263 1095 832 68.79% 1,198 - 1,907
8,619 8,119 125 1095 970 65.75% 5,667 - 7,048
- 12,904 364 1095 731 63.16% 8,128 - 8,128
 - 9,377 253 1095 842 63.16% 4,105 - 4,105
- 7,033 249 1095 846 63.16% 3,030 - 3,030
- 9,377 81 1095 1014 63.16% 1,314 - 1,314
- 33,721 2 1095 1093 63.16% 117 - 117
- 9,378 1 1095 1094 63.16% 16 16

3,107 2,609 485 1095 610 66.57% 2,068 - 8,921

9,283 8,021 717 1095 378 85.44% 7,931 - 23,881
5,028 4,678 256 1095 839 68.63% 3,451 - 5,423
907,427 2,598,419 - - - - 936,091 49,738 1,536,134

91,411 86,376 481 3650 3169 28.39% 25,949 - 35,238

91,411 86,376 25,949 35,238

19,678.53 18,286 851 1825 974 62.94% 12,385 - 20,549

169,695.73 157,691 851 1825 974 62.94% 106,803 - 177,203
2,305.25 2,142 851 1825 974 62.94% 1,451 - 2,407
34,644.13 32,193 851 1825 974 62.94% 21,804 - 36,177
6,012.18 5,589 851 1825 974 63.00% 3,787 - 6,246
17,909.71 16,685 765 1825 1060 60.29% 10,798 - 17,389
2,593.75 2,419 726 1825 1099 59.18% 1,535 - 2,436
4,211.79 3,962 420 1825 1405 51.99% 2,190 - 2,977
9,183.55 8,639 420 1825 1405 51.99% 4,774 - 6,491
9,279.54 8,755 304 1825 1521 49.80% 4,622 - 5,842
2,598.91 2,462 125 1825 1700 46.88% 1,218 - 1,349
- 2,314 - 1825 1825 45.07% 340 - 340
278,113 261,137 - - - - 171,709 279,407

1,310,941 2,945,932 - - - - 1,148,539 49,738 1,894,178

Accmulated Total Net Block as

Amortisation for Adjustment during Amortisation as Net Block as on on
Amortisation as on 31st March
the Year the year on 31st March 31st March 2015
31st March 14 2014
2015
 Total
Accmulated Net Block as
Amortisation for Adjustment during Amortisation as Net Block as on on
Amortisation as on the Year the year 31st March
on 31st March 31st March 2015
31st March 14 2014
2015
25,683 11,327 - 37,010 16,990 28,317
1,639 784 - 2,423 1,177 1,961
1,287 1,485 - 2,772 2,227 3,712
- 1,194 - 1,194 2,739 -
28,610 14,790 - 43,399 23,133 33,989
 Net Block as on
31st March 2014
(n=a-m)

6,104
-
3,751
4,510
-
3,026
7,790
11,937
20,328
44,912
62,367
77,343
263,107
34,824
207,184
918,396
83,862

730
824
850
1,976
543
2,952
5,455
 5,765
4,373
8,556
35,379

-
1,039
1,351
1,577
1,820,812

65,462
65,462

-
7,293
62,892
854
12,840
2,225
7,111
1,059
2,022
4,409
4,658
1,381
2,096
108,840

2,018,247
Echo India Managed Services Private Limited
Maintenance Charges
CAM Charges 1155084
Maintenance & Repairs 19372 1174456

Travelling Expenses
Travelling Expenses 142114
Travelling Expenses (Foreign) 138993
Visa Charges 132680 413787

General Expenses
Bank Charges 10,095.72
Books Newspapers & Periodicals 3,595.00
Conveyance Charges 21,098.00
Filing Exp. 21,655.00
Insurance (Travelling) 26,787.00
Interest Paid on Income Tax 1,010.00
Medical Expenses 3,952.00
Office & General Expenses 82,291.00
Misc Expenses 1,124.00
Parking Exp. 13,741.00
Postage & Courier 10,070.00
Printing & Stationery 37,363.00
Registration Charges 10,080.00
Loss on sale of vehicle 618.00
Revanue & Stamp 2,805.00
Short & Excess 1,100.00
Water Charges 9,475.00 256,860
Echo India Managed Services Private Limited
Computation of Foreigh Currency Loss for the period ended 31st March 2015

Payment received in from Echo Managed Services on 4th April 2014

Payment received against

Debit note raised on April(Billl raised-Advance O/S) 8667.79
Debit Note raised on May 26640
Debit Note raised on June 31308
Debit Note raised on July 33384.21
100000
nded 31st March 2015

Rate

100000 99.1 9910000

Amount
Received @ Bill Raised @ Difference

99.1 101.8151 2.7151 23533.9166290001

99.1 99.2187 0.1187 3162.1680000001
99.1 102.743 3.643 114055.044
99.1 102.814 3.714 123988.95594
Expenses recognised in P & L 264,740.08