Financials 18-19 PDF

Omegaon Interent Private Limited
(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
(1) Shareholders' Funds

(a) Share Capital 3 1,00,000 1,00,000
(b) Reserves and Surplus 4 92,279 (1,55,006)
1,92,279 (55,006)
(2) Non-Current Liabilities

(a) Long Term Borrowings 5 32,00,030 -
(b) Deferred Tax Liabilities (Net) 6 21,936 (1,684)
32,21,966 (1,684)
(3) Current Liabilities
(a) Short Term Borrowings 7 7,12,378 -
(b) Trade Payables 8 7,823 -
(c) Other Current Liabilities 9 8,65,628 5,42,600
(d) Short Term Provisions 10 68,100 70,781
16,53,929 6,13,381
Total 50,68,174 5,56,691
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
(2) Current Assets

(a) Inventories 13 1,73,432 -
(b) Trade receivables 14 24,13,020 -
(c) Cash and Cash Equivalents 15 2,789 1,10,113
(d) Short-Term Loans and Advances 16 1,17,317 31,567
27,06,558 1,41,680
Total 50,68,174 5,56,691
Significant Accounting Policies 2

Other Notes to Financial Statements 25
Notes and Other Explanatory information form an integral part of Financial Statements
As per our report of even date annexed

for M T N & Associates for and on behalf of Board of Directors of
Chartered Accountants Omegaon Interent Private Limited
Firm Registration No.: 018784S
Tharakanadha Maddipatla Sreekanth Eragadindla Gowdvarti Vinay

Sole-proprietor Director Director
Membership No.: 242578 (DIN: 07403353) (DIN: 08440512)
Place: Bengaluru Place: Bengaluru

Date: August 30, 2019 Date: August 30, 2017
(CIN:U74900KA2016PTC087119)
Statement of Profit and Loss for the year ended on March 31, 2019
(Amount in `)
Note For year ended For year ended
Particulars
No. March 31, 2019 March 31, 2018
I Revenue from Operations 17 1,16,03,290 1,07,94,109
IIOther Income 18 55,602 60,309
III
Total Revenue (I + II) 1,16,58,892 1,08,54,418
IVExpenses
(a) Cost of materials/services consumed 19 69,43,821 84,42,659
(b) Changes in Inventories 20 (1,73,432) -
(c) Employee Benefit Expenses 21 24,75,988 8,73,647
(d) Finance Costs 22 3,76,810 -
(e) Depreciation and Amortisation 11 1,10,632 1,23,797
(f) Other Expenses 23 15,86,823 11,25,368
Total Expenses 1,13,20,642 1,05,65,471
V Profit before exceptional, extraordinary items and tax (III - IV) 3,38,250 2,88,947
VI Extraordinary and Exceptional Items - -
VII Profit Before Tax (V - VI) 3,38,250 2,88,947
VIIITax Expense 24(d)

(1) Current Tax (68,100) (73,463)
(2) Deferred Tax (23,620) 1,684
(3) MAT Credit Entitlement 755 -
IX Profit / (Loss) For The Year After Tax (VII - VIII) 2,47,285 2,17,168
X Earning Per Equity Share 24

(1) Basic 24.73 21.72
(2) Diluted 24.73 21.72
Notes and Other Explanatory information form an integral part of Financial Statements
As per our report of even date annexed

for tambakad & goil for and on behalf of Board of Directors of
Chartered Accountants Omegaon Interent Private Limited
Firm Registration No.: 018784S
Tharakanadha Maddipatla Sreekanth Eragadindla Gowdvarti Vinay

Sole-proprietor Director Director
Membership No.: 242578 (DIN: 07403353) (DIN: 08440512)
Place: Bengaluru Place: Bengaluru

Date: August 30, 2019 Date: August 30, 2017
(CIN:U74900KA2016PTC087119)
Notes to Financial Statements
1 Background of the Company and Nature of Operations:

• Omegaon Interent Private Limited ("the company") was incorporated on the March 21, 2016.
• The Company is engaged in the business of rendering IT and IT related services and
maintenance of vending machines.
2 Significant Accounting Policies:

a. Basis for Preparation of Financial Statements:
The financial statements are prepared under the historical cost convention, in accordance with
Indian Generally Accepted Accounting Principles (“GAAP”) on accrual basis. GAAP comprises
mandatory accounting standards as prescribed under section 133 of the Companies Act, 2013
(‘the Act’) read with Rule 7 of the Companies (Accounts) Rules, 2014, the provisions of the Act
(to the extent notified). These accounting policies have been consistently applied throughout the
year
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.
d. Property, Plant and Equipment:

• Tangible assets are stated at cost less accumulated depreciation and impairment losses, if any.
• 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.
e. Depreciation and Amortisation:

• Depreciation on property, plant and equipment is provided in accordance with Companies Act,
2013 as per the useful lives of the assets stated below.
Computer Equipment : 3 Years
(CIN:U74900KA2016PTC087119)
2 Significant Accounting Policies: (Continued..)
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.
h. Foreign Currency Transactions:

Revenue and expenditure in foreign currency are accounted at the exchange rate prevalent
when such revenue or expenditure is incurred. Exchange differences are recorded when the
amount actually received on sales or actually paid when expenditure is incurred is converted
into Indian Rupees. The exchange differences arising on foreign currency transactions are
recognized as income or expense in the period in which they arise. Current assets and current
liabilities denominated in foreign currency are translated at the exchange rate prevalent as at
the date of the balance sheet. The resulting difference is recorded in the Statement of profit and
loss. The Companny do not have any foreign currency transactions during the year.
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.
(CIN:U74900KA2016PTC087119)
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.
k. Provisions and Contingencies:

• Provision is recognized, when there is a present obligation as a result of a past ( or
obligating) event, and it is probable that an outflow of resources will be required to settle the
obligation, which can be reliably estimated. Provision is not discounted to its present value
and is determined based on the best estimate required to settle the obligation as at the balance
sheet date. Provisions are reviewed at each balance sheet date and adjusted to reflect the best
current estimate.
• Contingent Liabilities are recognized only when there is a possible obligation arising from
past events, due to occurrence or non-occurrence of one or more uncertain future events, not
wholly within the control of the Company, or where any present obligation cannot be
measured in terms of future outflow of resources, or where a reliable estimate of the obligation
cannot be made. Obligations are assessed on an ongoing basis and only those having a largely
probable outflow of resources are provided for.
• Contingent Assets are neither recognized nor disclosed in the financial statements.
(CIN:U74900KA2016PTC087119)
l. Earnings per share:

• In determining the earning per share, the company considers the net profit attributable to
equity share holders.
• The number of shares used in computing basic earnings per share is the weighted average
number of shares outstanding during the year.
• In computing the diluted earnings per share, weighted average number of shares outstanding
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
so as to achieve a constant rate of interest on the remaining balance of the liability.

• Finance charges are charged directly against income.
• Capitalized leased assets are depreciated over the longer of the estimated useful life of the asset
or the lease term.
• Lease payments under an operating lease are recognized as an expense in the Statement of
Profit and Loss
n. Borrowings and Borrowing Costs:

• In pursuance to the compliance of Schedule III of the Companies Act, 2013, the borrowings
whose tenor is less than 36 months, are classified as Short-term Borrowings
• Borrowing costs attributable to the acquisition or construction of qualifying asset are capitalized
as part of cost of such asset.
• A qualifying asset is one which requires substantial period of time to get ready for its intended
use
• Other borrowing costs are recognised as an expense in the period in which they are incurred
(CIN:U74900KA2016PTC087119)
3 Share Capital As at March 31, 2019 As at March 31, 2018

No. of Shares Amount ` No. of Shares Amount `
Authorised Share Capital
Equity Shares of par value Rs. 10/- each 1,00,000 10,00,000 1,00,000 10,00,000
Issued, subscribed and fully paid up shares

Equity Shares of par value Rs. 10/- each 10,000 1,00,000 10,000 1,00,000
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
(b) Terms/ Rights attached to shares

The Company has only one class of equity shares having par value of ` 10 per share. Each holder of equity
shares is entitled to one vote per share.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive assets of
the Company remaining after settlement of all liabilities. The distribution will be in proportion to the number
of equity shares held by the shareholders.
(c) Aggregate number of shares issued for consideration

other than cash during the period of five years
Nil
immediately preceeding the reporting date (i.e., March
31, 2019):
(d) Aggregate number and class of shares bought back

during the period of five years immediately preceeding Nil
the reporting date (i.e., March 31, 2019):
(e) Details of shareholders holding more than 5% shares in the company

As at March 31, 2019 As at March 31, 2018
Equity Shares of par value Rs. 10/- each No. of Shares % holding No. of Shares % holding
Mr. Sreekanth Eragadindla 8,000 80.00% 8,000 80.00%
Mr. Pulicherla Venkatesh 2,000 20.00% 2,000 20.00%
10,000 100% 10,000 100%
(CIN:U74900KA2016PTC087119)

(Amount in `) (Amount in `)
As at As at
March 31, 2019 March 31, 2018
4 Reserves and Surplus
Surplus in Statement of Profit and Loss

Balance as at beginning of the year (1,55,006) (3,72,174)
Add/(Less): Net Profit/ (Loss) after tax for the year 2,47,285 2,17,168
92,279 (1,55,006)
Less: Appropriations - -
Balance as at ending of the year 92,279 (1,55,006)
Total Reserves and Surplus 92,279 (1,55,006)
5 Long Term Borrowings
Secured Loans - -
Unsecured Loans
- from Directors 32,00,030
- from Other parties (Shri Ram Chit Finance) -
Total Long Term Borrowings 32,00,030 -
Note on Loan from Shri Ram Chit Finance

The amount of Rs. 8,88,648 avialed as unsecured loan sanctioned on date repaybale in 24
months with EMI of Rs. 39,000. Amount oustanding as on 31 March 2019 will be repaid in next
12 months. So, disclosed under current liabilities.
6 Deferred Tax Liabilities (Net)
(a) Property, Plant and Equipment : Impact of difference

21,936 (1,684)
between tax depreciation and book depreciation
(b) Impact of expenditure charged in statement of profit and loss
- -
in current year but allowed for tax purpose in later years
Gross deferred tax liabilities 21,936 (1,684)
Net Deferred Tax liabiities 21,936 (1,684)

(CIN:U74900KA2016PTC087119)

As at As at
March 31, 2019 March 31, 2018
7 Short Term Borrowings
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 -
Total Short Term Borrowings 7,12,378 -
8 Trade Payables
(i) total outstanding dues of Micro Enterprises and Small

-
Enterprises -
(ii) total outstanding dues of creditors other than Micro
Enterprises and Small Enterprises 7,823 -
Total Trade Payables 7,823 -
9 Other Current Liabilities
Current maturities payable in 12 months 2,35,628 -

Other Payables
- payable to auditors 60,000 -
- expenses payables 5,70,000 5,42,600
Total Other Current Liabilities 8,65,628 5,42,600
10 Short Term Provisions
Provision for Income Tax 68,100 70,781

Total Short term Provisions 68,100 70,781
(CIN:U74900KA2016PTC087119)
(Amount in `)
11 Property, Plant and Equipment
Gross Block Depreciation/ Amortisation Net Block
As at Additions Deletions As at As at Charge Deletions As at As at As at
Particulars April 1, 2018 during the year during the year March 31, 2019 April 1, 2018 for the year during the year March 31, 2019 March 31, 2019 March 31, 2018
(i) Tangible Assets
Computer Equipment 1,90,000 5,87,237 - 7,77,237 1,23,759 84,293 - 2,08,052 5,69,185 66,241
1,90,000 5,87,237 - 7,77,237 1,23,759 84,293 - 2,08,052 5,69,185 66,241
(ii) Intangible Assets

Software 79,000 - - 79,000 10,230 26,339 - 36,569 42,431 68,770
79,000 - - 79,000 10,230 26,339 - 36,569 42,431 68,770
Total 2,69,000 5,87,237 - 8,56,237 1,33,989 1,10,632 - 2,44,621 6,11,616 1,35,011
Previous Year 1,90,000 79,000 - 2,69,000 10,192 1,23,797 - 1,33,989 1,35,011 1,79,808
(CIN:U74900KA2016PTC087119)

As at As at
March 31, 2017 March 31, 2016
12 Non-Current Investments
Investment in Term deposits with Banks 17,50,000 -

Investment in Shri Ram Chit - 2,80,000
Total Non-Current Investments 17,50,000 2,80,000
13 Inventories
Finished Goods 1,73,432 -

Total Inventories 1,73,432 -
14 Trade receivables
Trade receivables
- less than six months 24,13,020 -
- more than six months - -
Total Trade receivables 24,13,020 -
15 Cash and Cash Equivalents
Balance with Banks

- in Current Accounts 69 2,513
- deposits having maturity less than 12 months - 1,00,000
Cheques, drafts on hand - -
Cash on hand 2,720 7,600
Total Cash and Cash Equivalents 2,789 1,10,113
16 Short-Term Loans and Advances
Loans and Advances to related parties - -

Other loans and advances
- balances with government authorities
- unsecured, considered good 31,567
GST input tax credit 66,007
TDS for 2018-19 5,268
MAT Credit 755
- interest accrued on term deposits
- unsecured, considered good 45,287 -
Total Short Term Loans and Advances 1,17,317 31,567
(CIN:U74900KA2016PTC087119)

For year ended For year ended
March 31, 2019 March 31, 2018
17 Revenue from Operations
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
Interest on Fixed Deposit 50,319 -

Commission income 4,673 41,513
Income tax refund 610 -
Misc Income - 18,796
Total Other Income 55,602 60,309
19 Cost of materials/services consumed
Cost of services /materials consumed 69,43,821 84,42,659

Change in inventories 69,43,821 84,42,659
20 Changes in Inventories
Opening Stock Salary - -

Closing Stock Staffwelfare (1,73,432) -
Change in inventories (1,73,432) -
21 Employee Benefit Expenses
Salaries and Wages Salary 20,23,795 8,47,500

Staff Welfare Expenses 1,98,686 26,147
Staff Insurance Staffwelfare 2,53,507 -
Total Employee Benefit Expenses 24,75,988 8,73,647
22 Finance Costs
Interest on OD/CC 37,777 -

Nodal account charges 3,39,033 -
Total Finance Costs 3,76,810 -
(CIN:U74900KA2016PTC087119)

March 31, 2019 March 31, 2018
23 Other Expenses
Rent and Maintenance

- Building 6,23,181 4,64,953
Payment to auditors 60,000 50,000
Professional charges 2,09,619 -
Internet and Telephone expenses 1,98,345 2,71,942
Accomodation and hotel expenses 39,263
GST Late Fee 17,450
Repairs and maintenance 14,902 -
Printing and stationary 7,099 -
Selling and Marketing Expenses 32,018 2,85,072
Bank charges - 890
Travel Expenses 3,84,918 33,175
Misc. Expenses (Round off) 27 19,336
Total Other Expenses 15,86,823 11,25,368
24 Earning Per Equity Share
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
(CIN:U74900KA2016PTC087119)
25 Other Notes to Financial Statements (Amount in `)

a. Contingent Liabilities and Commitments As at As at
March 31, 2019 March 31, 2018
Contingent Liabilites - -
Commitments - -
The company doesn't hae capital commitments and other commitments as at the year end.

b. Professional and Technical Fee include auditors remuneration towards:
March 31, 2019 March 31, 2018
Statutory Audit 30,000 30,000
Tax Audit 25,000 -
Other Management services 5,000 -
60,000 30,000

c. Foreign currency Earnings and Expenditure:
March 31, 2019 March 31, 2018
Earnings in Foreign Currency - -
Expenditure in Foreign Currency - -
d. Related party disclosure:

i) Name of related parties and description of relationship:
Name of Related Party Relationship
Mr. Eragadindla Sreekanth Director
Mr. C V Rajagopal Reddy Director (ceased w.e.f April 13, 2019)
ii) Transactions during the year with Related parties: (Amount in `)

Nature of Transaction
March 31, 2019 March 31, 2018
Directors Remuneration:
Mr. Eragadindla Sreekanth 4,89,200 -
Unsecured Loans availed:

Mr. C V Rajagopal Reddy 12,50,030 -
Unsecured Loans Repaid: - -

(CIN:U74900KA2016PTC087119)
25 Other Notes to Financial Statements (continued..,)
d. Related party disclosure:

iii) Details of amounts due to or due from related parties: (Amount in `)
As at As at
Particulars
March 31, 2019 March 31, 2018
Amount due payable:

Mr. C V Rajagopal Reddy 12,50,030 -
Amount outstanding receivable: - -
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.
for and on behalf of Board of Directors of

Sreekanth Eragadindla Gowdvarti Vinay

Director Director
(DIN: 07403353) (DIN: 08440512)
Place: Bengaluru
Date: August 30, 2017
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
III Income from Other Sources

Interest 50,319
Income after inter head set off 2,47,404
Less: Set off of Business Loss -
Gross Total Income 2,47,404
Less: Deductions
Qualifying Deductible
Section Gross Amount
Amount Amount
-
Total Income 2,47,404

Rounded off to nearest Rs. 10 as per section 288A 2,47,400
STATEMENT SHOWING COMPUTATION OF TAX UNDER IT ACT
Tax on Total Income 61,850

Add : Surcharge -
Add : Education Cess @ 4% 2,474
64,324
STATEMENT SHOWING COMPUTATION OF INCOME U/S 115 JB
Book Profits 3,38,250
Add: Items referred to in Clause (a) to (f) of Sub Section 2 -
3,38,250
Less: Items referred to in clause (i) to (vii) of Sub Section 2 -
. 3,38,250
Tax @ 18.5% Of Book Profit 62,576
Education Cess @ 4% 2,503
Total Tax Payable 65,079
STATEMENT SHOWING COMPUTATION OF TAX PAYABLE
As per Income tax Act 64,324

As Per MAT 65,079
Tax Payable 65,079
Less: MAT Credit Entitlement -
65,079
Add: Interest Under Section 234 A -
Interest Under Section 234 B 3,588
Interest Under Section 234 C 3,016 6,604
Total Tax Payable 71,683
Less: Advance Tax -
Less: TDS as per 26AS 5,267
Self Assessment Tax - 5,267
Tax Payable 66,420
Statement of MAT Credit carried forward

A.Y Particulars B/f Set Off C/f
2019-20 MAT Credi 755
Total - - 755
Statement showing TD for financial year 2018-19
Particulars Amt. in Rs.

TDS receivable as per 26AS
BLRI01705E ICICI Bank Ltd 5,032
MUMC16829B Cyberplat 235
TOTAL 5,267
As per books of accounts 5,268
Difference (1)
Calcualation of Deferred Tax
Fixed Assets Closing Opening

WDV of depreciable assets under
Income Tax Act 5,27,247 1,41,488
Books of Accounts 6,11,616 1,35,011
Gross DTA Deductible Temporary Difference -21,936 1,684
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 - -
Expenses on which TDS not deducted

-
-
Gross DTA Deductible Temporary Difference - -
Gross DTA -21,936 1,684

Gross DTL - -
Net DTL 21,936 1,684
Disclosure in Financial Statements:

Balance Sheet As per audited financial s
DTA -21,936 1,684
DTL - -
Profit and Loss Account 23,620

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Omegaon Interent Private Limited

(1) Shareholders' Funds

(2) Non-Current Liabilities

Total 50,68,174 5,56,691

(2) Current Assets

Total 50,68,174 5,56,691

Significant Accounting Policies 2

As per our report of even date annexed

Tharakanadha Maddipatla Sreekanth Eragadindla Gowdvarti Vinay

Place: Bengaluru Place: Bengaluru

VI Extraordinary and Exceptional Items - -

VII Profit Before Tax (V - VI) 3,38,250 2,88,947

VIIITax Expense 24(d)

X Earning Per Equity Share 24

As per our report of even date annexed

Tharakanadha Maddipatla Sreekanth Eragadindla Gowdvarti Vinay

Place: Bengaluru Place: Bengaluru

Notes to Financial Statements

1 Background of the Company and Nature of Operations:

2 Significant Accounting Policies:

d. Property, Plant and Equipment:

e. Depreciation and Amortisation:

Notes to Financial Statements

2 Significant Accounting Policies: (Continued..)

h. Foreign Currency Transactions:

Notes to Financial Statements

2 Significant Accounting Policies: (Continued..)

k. Provisions and Contingencies:

Notes to Financial Statements

2 Significant Accounting Policies: (Continued..)

l. Earnings per share:

so as to achieve a constant rate of interest on the remaining balance of the liability.

n. Borrowings and Borrowing Costs:

Notes to Financial Statements

3 Share Capital As at March 31, 2019 As at March 31, 2018

Issued, subscribed and fully paid up shares

(b) Terms/ Rights attached to shares

(c) Aggregate number of shares issued for consideration

(d) Aggregate number and class of shares bought back

(e) Details of shareholders holding more than 5% shares in the company

Notes to Financial Statements

4 Reserves and Surplus

Surplus in Statement of Profit and Loss

Total Reserves and Surplus 92,279 (1,55,006)

5 Long Term Borrowings

Total Long Term Borrowings 32,00,030 -

Note on Loan from Shri Ram Chit Finance

6 Deferred Tax Liabilities (Net)

(a) Property, Plant and Equipment : Impact of difference

Net Deferred Tax liabiities 21,936 (1,684)

Notes to Financial Statements

Total Short Term Borrowings 7,12,378 -

(i) total outstanding dues of Micro Enterprises and Small

9 Other Current Liabilities

Current maturities payable in 12 months 2,35,628 -

10 Short Term Provisions

Provision for Income Tax 68,100 70,781

(ii) Intangible Assets

Total 2,69,000 5,87,237 - 8,56,237 1,33,989 1,10,632 - 2,44,621 6,11,616 1,35,011

Notes to Financial Statements

Investment in Term deposits with Banks 17,50,000 -

Finished Goods 1,73,432 -

15 Cash and Cash Equivalents