1) Employees Benefits
In accordance with the revised Accounting Standard 15 notified under
the Companies (Accounting Standards) Rules, 2006 the requisite
disclosures are as follows:
a. Description of the type of plan(s)
i. Gratuity plan
The Company has created a Trust with Life Insurance Corporation of
India under Group Gratuity Scheme The Premium paid towards this Scheme
is charged to Profit & Loss Account on Payment basis.
ii. Leave Encashment plan
The earned leave liability arises on retirement, withdrawal,
resignation and death of an employee. The aforesaid liability is
calculated on the basis of yearly accrual of 15 days salary (i.e. last
drawn salary) subject to maximum accumulation up to 90 days.
2) The Company is a wholly owned subsidiary of Cyber Media (India)
Limited.
3) The Company has not received any intimation from Micro and Small
Enterprises under "The Micro, Small and Medium enterprises Act, 2006".
As, per the information available with the Company, no interest is paid
or payable under the Act.
4) The Company is a single-segment Company in the business of Market
Research and Management Consultancy. No further disclosures are
required under AS-17, other than those already provided in the
financial statements.
5) Previous year figures have been regrouped/reclassified, wherever
necessary, to confirm to current years classification.
6) The Company has no other information required to be disclosed
pursuant to Schedule VI of the Companies Act, 1956.
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