Name of the student Roll no.

Amit Vatkar 10927906

COMPANY INFORMATION
1 Name of company Nature of industry 2 3 Registered Office (state) name of auditor firm 4 5 market cap. (Rs. Crores) 6 Turnover (Rs. Crores) 7 Net assets (Rs. Crores) 8 Net profit [NPBT] (Rs. Crores) 9 Net profit [NPAT] (Rs. Crores) Total Debt [long 10 term(secured+unsecured)(Rs. Crores) 11 Equity (Rs. Crores) 12 listing category as per BSE 13 whether listed IN US 14 whether listed abroad NON-US 15 Age of company (IN YRS.) 16 Foreign Ownership % 17 % of FII ownErship promoter group [if any] 18 19 promoter nationality - INDIAN promoter nationality - IF NON-INDIAN 20 (SPECIFY COUNTRY) AS-1 dislosures of accounting policies 1 appropriate policies w.r.t AS-1 AS-2 valuation of inventories The total carrying amount of inventories 1 and 2 its classification approproate to the entereprice the accounting policies adopted in measuring inventories,including the cost 3 formula used AS-3 Cash Flow Statements AFTEK LIMITED Hardware services,Embedded Systemsand Enterprise Systems Maharashtra M/s Walker, Chandiok & Co 69.30631465 220.3500 728.4911 119.4817 116.7273 91.0341 637.4570 B No Yes 25 1.66 13.41 Elven Technologies Private Limited Aftek Employees Welfare Trust NA NA

Global Depository Receipts NRI

Given in different report of company other that annual r

1 1

The amount of significant cash and cash equivalent balance held by the enterprise 1 that are not available for use by it. NA The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments, indicating any restrictions 2 on the use of these facilities;

NA

The aggregate amount of cash flows that represent increases in operating capacity separately from those cash flows that are 3 required to maintain operating capacity. AS-4 Contingencies and Events Occurring After the Balance Sheet Date If a contingent loss is not provided for, its nature and an estimate of its financial effect are generally disclosed by way of note unless the possibility of a loss is remote. If a reliable estimate of the financial effect cannot be made, this fact is 1 disclosed When the events occurring after the balance sheet date are disclosed in the report of the approving authority, the information given comprises the nature of the events and an estimate of their financial effects or a statement 2 that such an estimate cannot NA 3 The total depreciation for the period for each class of assets. The gross amount of each class of depreciable assets and the related 4 accumulated depreciation A change in the method of depreciation is treated as a change in an accounting policy 5 and is disclosed accordingly. NA AS-7 Construction Contracts

An enterprise should disclose: (a) the amount of contract revenue recognised as revenue in the period; (b) the methods used to determine the contract revenue recognised in the period; and (c) the methods used to determine the 1 stage of completion of contra NA An enterprise should disclose the following for contracts in progress at the reporting date: (a) the aggregate amount of costs incurred and recognised profits (less recognised losses) upto the reporting date; 2 (b) the amount of advances received; NA

3 AS-9

1 AS-10

An enterprise should present: (a) the gross amount due from customers for contract work as an asset; and (b) the gross amount due to customers for contract work as a liability. NA Revenue Recognition the circumstances in which revenue recognition has been postponed pending the resolution of significant uncertainties. NA Accounting for Fixed Assets Gross and net book values of fixed assets at the beginning and end of an accounting period showing additions, disposals, acquisitions and other movements; Expenditure incurred on account of fixed assets in the course of construction or acquisition; Revalued amounts substituted for historical costs of fixed assets, NA The method adopted to compute the revalued amounts, the nature of any indices used, the year of any appraisal made, NA

Capital work in are carried at 0

2 3

Whether an external valuer was involved, in case where fixed assets are stated at 5 revalued amounts. NA The Effects of Changes in Foreign AS-11 Exchange Rates The amount of exchange differences included in the net profit or loss for the 1 period; Net exchange differences accumulated in foreign currency translation reserve as a separate component of shareholders funds, and a reconciliation of the amount of such exchange differences at the beginning and end of 2 the period. When there is a change in the classification of a significant foreign operation, an enterprise should disclose: (a) the nature of the change in classification; (b) the reason for the change; (c) the impact of the change in classification on shareholders Accounting for government grants The nature and extent of government grants recognised in the financial statements, including grants of nonmonetary assets given at a concessional rate or free of cost. Accounting for Amalgamations

3 AS-12

NA

1 AS-14

NA

For all amalgamations, the following disclosures should be made in the first financial statements following the amalgamation: (a) names and general nature of business of the amalgamating companies; (b) effective date of amalgamation for accounting purposes; (c) the method of accounting used to reflect the amalgamation; and (d) particulars of the scheme sanctioned 1 under a statute. For amalgamations accounted for under the pooling of interests method, the following additional disclosures should be made in the first financial statements following the amalgamation: (a) description and number of shares issued, together with the percentage of each companys equity shares exchanged to effect the amalgamation; (b) the amount of any difference between the consideration and the value of net identifiable assets acquired, and the 2 treatment thereof.

For amalgamations accounted for under the purchase method, the following additional disclosures should be made in the first financial statements following the amalgamation: (a) consideration for the amalgamation and a description of the consideration paid or contingently payable; and (b) the amount of any difference between the consideration and the value of net identifiable assets acquired, and the treatment thereof including the period of amortisation of any 3 goodwill arising on amalgamation. AS-15 Accounting for Employee Benefits Change in the accounting policy related to treatment of retirement benefits Borrowing Costs The accounting policy adopted for borrowing costs The amount of borrowing costs capitalised during the period. Related Party Disclosures Name of the related party and nature of the related party relationship where control exists should be disclosed irrespective of whether or not there have been transactions between the related parties.

1 AS-16 1 2 AS-18

1 1

Borrowing cost ca

If there have been transactions between related parties, during the existence of a 2 related party relationship AS-20 Earnings Per Share

3 4 AS-21

2 AS-22

Where the statement of profit and loss includes extraordinary items, the enterprise should disclose basic and diluted earnings per share computed on the basis of earnings excluding extraordinary items (net of tax expense); The amounts used as the numerators in calculating basic and diluted earnings per share, and a reconciliation of those amounts to the net profit or loss for the period; The denominator in calculating basic and diluted earnings per share, and a reconciliation of these denominators to each other The nominal value of shares along with the earnings per share figures. Consolidated Financial Statements in consolidated financial statements a list of all subsidiaries including the name, country of incorporation or residence, proportion of ownership interest and, if different, proportion of voting power held; in consolidated financial statements, where applicable: (i) the nature of the relationship between the parent and a subsidiary, if the parent does not own, directly or indirectly through subsidiaries, more than one-half of the voting power of the subsid Accounting for Taxes on Income

Denominator and numerato

0 1

Voting power is not given

0 Voting power not given

Deferred tax assets and liabilities should be distinguished from assets and liabilities representing current tax for the period. Deferred tax assets and liabilities should be disclosed under a separate heading 1 in the balance sheet of the enterprise, sep

3 AS-24

2 AS-26

The break-up of deferred tax assets and deferred tax liabilities into major components of the respective balances should be disclosed in the notes to accounts. The nature of the evidence supporting the recognition of deferred tax assets should be disclosed, if an enterprise has unabsorbed depreciation or carry forward of losses under tax law Discontinuing Operations any significant activities or events since the end of the most recent annual reporting period relating to a discontinuing operation; NA any significant changes in the amount or timing of cash flows relating to the assets to be disposed or liabilities to be settled. NA Intangible Assets

The financial statements should disclose the following for each class of intangible assets, distinguishing between internally generated intangible assets and other intangible assets: (a) the useful lives or the amortisation rates used; (b) the amortisation methods used; (c) the gross carrying amount and the accumulated amortisation (aggregated with accumulated impairment losses) at 1 the beginning and end of the period; An enterprise discloses the change in an accounting estimate or accounting policy such as that arising from changes in the amortisation method, the amortisation period or estimated 2 residual values,

NA

Financial Reporting of Interests AS-27 inJoint Ventures A venturer should disclose the aggregate amount of the following contingent liabilities, unless the probability of loss is remote, separately from the amount of other contingent liabilities: (a) any contingent liabilities that the venturer has incurred in relation to its interests in joint ventures and its share in each of the contingent liabilities which have been incurred jointly with other venturers; (b) its share of the contingent liabilities of the joint ventures themselves for which it is contingently liable; and (c) those contingent liabilities that arise because the venturer is contingently liable for the liabilities of the other venturers of 1 a joint venture. NA A venturer should disclose the aggregate amount of the following commitments in respect of its interests in joint ventures separately from other commitments: (a) any capital commitments of the venturer in relation to its interests in joint ventures and its share in the capital commitments that have been incurred jointly with other venturers; and (b) its share of the capital commitments of the joint ventures 2 themselves. NA

A venturer should disclose a list of all joint ventures and description of interests in significant joint ventures. In respect of jointly controlled entities, the venturer should also disclose the proportion of ownership interest, name and country of 3 incorporation or residence. NA A venturer should disclose, in its separate financial statements, the aggregate amounts of each of the assets, liabilities, income and expenses related to its interests in the 4 jointly controlled entities. NA

AS-28 Impairment of Assets 1 Disclosed future earnings AS-29 Provisions, Contingent Liabilities and Contingent Assets For each class of provision, an enterprise should disclose: (a) the carrying amount at the beginning and end of the period; (b) additional provisions made in the period, including increases to existing provisions; (c) amounts used (i.e. incurred and charged against the provision) during the period; (d) unused amounts reversed during 1 the period. NA An enterprise should disclose the following for each class of provision: (a) a brief description of the nature of the obligation and the expected timing of any resulting outflows of economic benefits; (b) an indication of the uncertainties about those outflows. Where necessary to provide adequate information, an enterprise should disclose the major assumptions made concerning future events, as addressed in paragraph 41; and (c) the amount of any expected reimbursement, stating the amount of any asset that has been recognised for 2 that expected reimbursement. NA

1 Management is in the proc

no provision is considered n

92686306 220.35 728.4911

844483

123.93

Global Depository Receipts have been listed in the Luxembourg Stock Exchange NRI Given in different report of company other that annual report

REFER SCHEDULES TO BALANCESHEET

1= complied 0=non-complied NA=not applicable

REFER CASH FLOW STAT.IN BAL.SHE.

REFER NOTES AND AUDITOR'S REPOPRT

REFER NOTES TO ACCOUNTS

REFER NOTES TO ACCOUNTS

REFER SCHEDULES TO BALANCESHEET AND NOTES TO ACC.

Capital work in progress represents expenditure incurred in respect of capital projects under development and are carried at cost. Cost includes related acquisition expenses, construction cost, borrowing costs capitalized and other direct expenditure

REFER NOTES TO ACC. AND AUDITIOR'S REPORT

REFER NOTES TO ACCOUNTS

REFER NOTES TO ACCOUNTS

Borrowing cost capitalised during the year amounts to (Rs.000) 9,785 (Previous Year: (Rs.000) 21,538 )) REFER NOTES TO ACCOUNTS

REFER NOTES TO ACCOUNTS AND AUDITOR'S REPORT

Denominator and numerator values are not explicitly mentioned

REFER TO SCHEDULES AND NOTES TO ACC.

Voting power is not given

Voting power not given

AUDITOR,S REPORT AND NOTES TO ACC.

AUDITOR,S REPORT AND NOTES TO ACC.

REFER SCHEDULES TO BALANCESHEET AND NOTES TO ACC.

AUDITOR,S REPORT AND NOTES TO ACC.

AUDITOR,S REPORT AND NOTES TO ACC. Management is in the process of carrying out an evaluation for impairment. Pending completion of impairment testing, the impact of no AUDITOR,S REPORT AND NOTES TO ACC.

no provision is considered necessary at this stage. (Given in the balance sheet)

nder development and wing costs capitalized

000) 21,538 ))

mpairment testing, the impact of non provision of impairment loss, if any, is presently not

Sr.No

2a. 2b. 2c. 2d. 2e.

5a. 5b. 5c. 5d. 5e. 5f.

8a. 8b. 8c. 8d. 8e.

12a. 12b. 12c. 12d.

Parameter 1 Corporate Governance Philosophy 2 Composition of Board of Directors 3 Number of Board Meetings in a year 4 Code of conduct 5 Audit Committee 6 Shareholder's Grievance Committee 7 Whistle Blower Policy 8 Disclosure 9 Management Discussion and Analysis Report 10 CEO/CFO Certification 11 Compliance Report on Corporate Governance 12 Remuneration Committee 13 Training of the Non Executive Directors 14 Postal Ballot

Break-up Proportion of Non Executive directors to total number of directors Proportion of Independent directors to total number of directors Average Directorship per member of the board Average Committee Chairmanship per member of the board Average Committee Membership per member of the board -

Weightage

total 2 20 4 4 4 4 4 5 3 15 2 4 2 2 3 2 5 4 15 3 3 3 3 3 5 5 5 10 3 3 2 2 3 3 100

Number of Non executive Directors in the Committee Number of Independent Directors in the Committee Audit Committee chaired by Independent Director Presence of the Chairman of the Audit Committee in the last AGM Number of Audit Committee Meetings Quorum at the Audit Committee Meeting Contingent Liabilities Related Party Transactions Remuneration to Directors Non compliance, Penalty or Stricture Accounting treatment Number of Non Executive Directors in the Committee Committee chaired by the Independent Director Presence of the Chairman of Remuneration Committee in the last AGM Quorum at the Remuneration Committee Meeting Total

Aftek Ltd. 2 1 1 2 0 0 2 3 1 3 2d 0 Not given 2 0 not given 5 4 3 3 3 3 3 5 0 5 0 0 0 0 0 0 53