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You can view the entire text of Notes to accounts of the company for the latest year

ISIN: INE075Z01011INDUSTRY: Advertising & Media Agency

NSE   ` 136.00   Open: 0.00   Today's Range 0.00
0.00
+0.00 (+ 0.00 %) Prev Close: 136.00 52 Week Range 102.90
195.75
Year End :2009-03 
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.