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Financials 18-19 PDF
Financials 18-19 PDF
(CIN:U74900KA2016PTC087119)
Regd. Off: #22, 4th Floor, Salarpuria Towers-1, Hosur Road, Koramangala, Bengaluru - 560 095
Balance Sheet as at March 31, 2019
(Amount `)
Note As at As at
Particulars
No. March 31, 2019 March 31, 2018
I EQUITY AND LIABILITIES
II ASSETS
(1) Non-Current Assets
(a) Property, Plant and Equipment 11
(i) Tangible Assets 5,69,185 66,241
(ii) Intangible Assets 42,431 68,770
(b) Non-Current Investments 12 17,50,000 2,80,000
23,61,616 4,15,011
IX Profit / (Loss) For The Year After Tax (VII - VIII) 2,47,285 2,17,168
• The Company is engaged in the business of rendering IT and IT related services and
maintenance of vending machines.
b. Revenue Recognition:
• Sales revenues are recognized when goods are invoiced and dispatched to customers. Revenues
are recorded net of sales returns & trade discounts.
c. Expenditure
The accounts are prepared on historical cost basis following the accrual basis of accounting on
the principles of going concern.
• Direct costs related to assets acquisition are capitalized until the assets are ready for use
• Borrowing costs relating to acquisition of fixed assets which take a substantial period of time to
get ready for its intended use are also included to the extent they relate to the period till such
assets are ready for its intended use.
f. Inventories:
• Raw material is valued at lower of cost or net reliasable vlaue.
• Cost includes direct material, work expenditure, labour cost and an appropriate portion of
overheads up to the respective stage/s of completion.
• Net realizable value is the estimated selling price in the ordinary course of business, less
estimated costs of completion and estimated costs necessary to make the sale
g. Employee Benefits:
Short term employee benefits:
The employee benefits payable only within 12 months of rendering the services are classified as
short term employee benefits. Benefits such as salaries leave travel allowance, short term
compensated absences etc, and the expected cost of bonus is recognized in the period in which
the employee renders the related services.
i. Investments:
• Investments that are readily realisable and intended to be held for not more than a year from
the date on which such investments are made, are classified as current investments. All other
investments are classified as long-term investments.
• Provision for diminution in value is made to recognise a decline other than temporary in the
value of the long-term investments.
Omegaon Interent Private Limited
(CIN:U74900KA2016PTC087119)
Regd. Off: #22, 4th Floor, Salarpuria Towers-1, Hosur Road, Koramangala, Bengaluru - 560 095
j. Taxation on Income:
• Deferred tax assets and liabilities are recognized for future tax consequences attributable to
temporary/ timing differences between the carrying amount of existing assets and liabilities,
as reported in the financial statements, and their respective tax base. Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable income in the years
in which those temporary differences are expected to be recovered, settled or reversed. The
effect on deferred tax assets and liabilities as a result of a change in tax rates is recognized in the
Profit and Loss Account of the period that covers the enactment date. Reasonable allowances
are recorded for deferred tax assets that management believes will not be realized.
• The carrying amount of deferred tax assets are reviewed at each balance sheet date. The
company writes-down the carrying amount of a 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 realised. 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.
during the year is adjusted for the effects of all dilutive potential equity shares.
m. Leases:
• Assets acquired under finance leases, which effectively transfer to the Company substantially all
the risks and benefits incidental to the ownership of the leased asset, are capitalized at the lower
of the fair value and present value of the minimum lease payment at the inception of the lease
term and disclosed as leased assets.
• Lease payments are apportioned between the finance charges and reduction of the lease liability
Total Issued, Subscribed and Fully Paid-up Share Capital 10,000 1,00,000 10,000 1,00,000
(a) Reconciliation of the shares outstanding at the beginning and at the end of the year:
As at March 31, 2019 As at March 31, 2018
Equity Shares of par value Rs. 10/- each No. of Shares Amount ` No. of Shares Amount `
Outstanding at the beginning of the year 10,000 1,00,000 10,000 1,00,000
Add: Issued during the period - - - -
Less: Extinguished during the period - - - -
Outstanding at the end of the year 10,000 1,00,000 10,000 1,00,000
Secured Loans - -
Unsecured Loans
- from Directors 32,00,030
- from Other parties (Shri Ram Chit Finance) -
Secured - -
Unsecured
(a) Loans repayble on demand and otherwise
- from Banks (ICICI) 7,12,378 -
- from Other parties - -
(b) Loans and advances from related parties - -
7,12,378 -
8 Trade Payables
Previous Year 1,90,000 79,000 - 2,69,000 10,192 1,23,797 - 1,33,989 1,35,011 1,79,808
Omegaon Interent Private Limited
(CIN:U74900KA2016PTC087119)
Regd. Off: #22, 4th Floor, Salarpuria Towers-1, Hosur Road, Koramangala, Bengaluru - 560 095
13 Inventories
14 Trade receivables
Trade receivables
- less than six months 24,13,020 -
- more than six months - -
Total Trade receivables 24,13,020 -
Operating income
Sale of goods and services 1,16,03,290 1,07,94,109
Total Revenue from Operations 1,16,03,290 1,07,94,109
18 Other Income
20 Changes in Inventories
22 Finance Costs
23 Other Expenses
Profit / (Loss) For The Year After Tax (A) 2,47,285 2,17,168
Weighted Average Number of Equity Shares (B) 10,000 10,000
(B) adjusted for dilutive potential eq shares (C) 10,000 10,000
Basic EPS (A/B) 24.73 21.72
Diluted EPS (A/C) 24.73 21.72
Omegaon Interent Private Limited
(CIN:U74900KA2016PTC087119)
Regd. Off: #22, 4th Floor, Salarpuria Towers-1, Hosur Road, Koramangala, Bengaluru - 560 095
Commitments - -
The company doesn't hae capital commitments and other commitments as at the year end.
f. There were no dues to Micro, Small and Medium enterprises at the end of the year.
g. There were no pending litigations on the compnay at the end of the year.
h. Material Events occurred after March 31, 2019 are taken into cognizance
i. The balances reported under Trade receivables, Trade payables and loans/advances are subject
to confirmation.
j. Previous year figures have been regrouped/ reclassified, wherever necessary to conform to the
current presentation.
Place: Bengaluru
Date: August 30, 2017
Omegaon Interent Private Limited
Notes to Income Tax Calculation
(Amount in `)
Schedule of Fixed Assets
(Statement of Depreciation provided as per Income Tax Act,1961)
Asset Gross Block Net Block
Rate of Opening Additions Total as on Current Year of Assets
Sl. No Asset Block Dep WDV >=180 Days <180 Days Deletions 31.03.2017 Depreciation 31.03.2019
Plant and Machinery -
1 Computers and Software 40.00% 1,41,488 1,37,178 4,50,059 - 7,28,725 2,01,478 5,27,247
Current Year Total 1,41,488 1,37,178 4,50,059 - 7,28,725 2,01,478 5,27,247
Name : Omegaon Interent Private Limited PAN : AACCO2976L
Address: Regd. Off: #22, 4th Floor, Salarpuria Towers-1, Hosur Road, Koramangala, Bengaluru - 560 095 P.Y : 2018-19
A.Y : 2019-20
DOI: 21 March 2019
STATEMENT SHOWING COMPUTATION OF INCOME
Amt In Rs Amt In Rs Amt In Rs
I Income from House Property:
II Income (loss) from Business
Net Profit as per Profit & Loss Account 3,38,250
Add : Inadmissible Expenses
Depreciation 1,10,632
Less : Income Considered seperately
Interest (50,319)
Less : Deductions as per Income Tax Act
Depreciation U/s 32 (2,01,478)
Income From Business 1,97,085
Provision or sums payable for tax, duty, cess, payable and not paid till the date of filing of return.
Sec 43B - Gratuity Closing at Balance Sheet Date - -
Gross DTA Deductible Temporary Difference - -