B. Other Related parties: (Enterprises significantly influenced by key management personnel).
1) Trillizo Holdings Limited
2) Compuage Infocom (S) Pte. Ltd.
Transactions with related parties: (Rs. in Lacs)
w. Segment reporting:
The Company is in the business of distribution of computer parts and peripherals in India having similar risks and rewards and therefore there is only one geographical and business segment.
x. Earning Per Share:
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting preference dividends and attributable taxes) by the weighted average number of equity share outstanding during the period.
For the purpose of calculating Diluted Earning per share, the net profit or loss for the period attributable to equity share holders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.
y. Measurement of EBITDA:
As permitted by the Guidance Note on the revised Schedule VI to the Companies Act, 1956, the Company has elected to present Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) as a separate line item on the face of the Statement of Profit and Loss. The Company measures EBITDA on the basis of profits/ loss from the continuing operations. In its measurement, the Company does not include depreciation and amortization expenses, finance cost and tax expenses.
z. Contingent Liabilities :
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or nonoccurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably.
Terms/Rights attached to Equity Shares
The Company has only one class of equity shares having a par value of Rs. 10/- per Share. Each holder of equity shares is entitled to one vote per share.
The Final Dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. During the year ended 31st March,2016, the amount of per share final dividend proposed as distribution to the equity shareholders is Rs. 2/- (31st March 2015 : Rs. 2/-)
In the event of liquidation of the Company, the holder of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity sahres held by shareholders.
As per records of the Company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest the above shareholding represents both legal and beneficial ownerships of shares.
Indian rupee loan from bank carries interest @ 12.40% p.a. The loan is repayable in 20 equal quarterly installments commencing from September 2011 in the case of one term loan and March 2012 in the case of other 2 term loans. Interest is to be paid as and when debited, i.e on a monthly basis. All three term loans are secured by hypothecation of Office premises. Further the loans have been guaranteed by the personal Guarantee of the Managing Director and by Whole Time Director of the Company.