E-Zest Solutions Limited

Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2013 01/04/2012
to to
31/03/2014 31/03/2013
Name of company E-Zest Solutions Limited
Corporate identity number U72100PN2000PLC144013
Permanent account number of entity AAACE7998Q
2Nd Floor, Anand Nilay
Business Center , Karve
Address of registered office of company Road, Kothrud , Pune ,
MAHARASHTRA , INDIA -
411029
Commercial and
Type of industry Industrial
Date of board meeting when final accounts were approved 02/09/2014
Date of start of reporting period 01/04/2013 01/04/2012
Date of end of reporting period 31/03/2014 31/03/2013
Nature of report standalone consolidated Standalone
Content of report Statement of Profit & Loss
Description of presentation currency INR
Level of rounding used in financial statements Actual
Date from which register of members remained closed 26/09/2014
Date till which register of members remained closed 27/09/2014

[100200] Statement of profit and loss

Unless otherwise specified, all monetary values are in INR
01/04/2013 01/04/2012
to to
31/03/2014 31/03/2013
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 0 0
Revenue from sale of services 0 0
Total revenue from operations 0 0
Other income 0 0
Total revenue 0 0
Expenses [Abstract]
Cost of materials consumed 0 0
Changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Employee benefit expense 0 0
Finance costs 0 0
Depreciation, depletion and amortisation expense [Abstract]
Total depreciation, depletion and amortisation expense 0 0
Total expenses 0 0
Total profit before tax 0 0
Tax expense [Abstract]
Total tax expense 0 0
Total profit (loss) for period from continuing operations 0 0
Total profit (loss) for period 0 0
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 0 [INR/shares] 0
Diluted earnings per equity share [INR/shares] 0 [INR/shares] 0
E-Zest Solutions Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

[300500] Notes - Subclassification and notes on income and expenses

Unless otherwise specified, all monetary values are in INR
01/04/2013 01/04/2012
to to
31/03/2014 31/03/2013
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Total revenue from sale of products 0 0
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other income [Abstract]
Interest income [Abstract]
Total interest income 0 0
Dividend income [Abstract]
Total dividend income 0 0
Total other income 0 0
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Total interest expense 0 0
Total finance costs 0 0
Employee benefit expense [Abstract]
Salaries and wages 0 0
Total employee benefit expense 0 0
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 0 0
Rent 0 0
Repairs to building 0 0
Repairs to machinery 0 0
Insurance 0 0
Rates and taxes excluding taxes on income [Abstract]
Total rates and taxes excluding taxes on income 0 0
Directors sitting fees 0 0
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Cost information technology [Abstract]
Total cost information technology 0 0
Cost insurance 0 0
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Write-off assets liabilities [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off 0 0
Total write-off assets liabilities 0 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Payments to auditor [Abstract]
Total payments to auditor 0 0
Miscellaneous expenses 0 0

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E-Zest Solutions Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

[300600] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in INR
01/04/2013 01/04/2012
to to
31/03/2014 31/03/2013
Additional information on profit and loss account explanatory [TextBlock]
Total changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Total expenditure in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Total revenue from sale of products 0 0
Total revenue from sale of services 0 0

[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
Unless otherwise specified, all monetary values are in INR
01/04/2013
to
31/03/2014
Disclosure of accounting policies, change in accounting policies and Textual information (1)
changes in estimates explanatory [TextBlock] [See below]

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E-Zest Solutions Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

Textual information (1)

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
NOTE ? 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Corporate in f ormation

e-Zest Solutions Limited is a public companydomiciled in India and incorporated in August 2000 underthe provisionsof the CompaniesAct, 1956 .
e-Zest Solutions Limited provides diverse solutions and services in product engineering and software development. It cater to a very diverse range
of industries and business domains such as healthcare, manufacturing, banking, travel, education, HCM, BPM, CRM, ERP, e-Learning etc.

1.1. Basis of Accounting

These financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost
convention on accrual basis. These financial statements have been prepared to comply in all material aspects with the accounting standards
notified under Section 211(3C) [Companies (Accounting Standards) Rules, 2006, as amended] and the other relevant provisions of the Companies
Act, 1956 of India (the ?Act?) read with the General Circular 15/2013 dated September 13, 2013 of the Ministry of Corporate Affairs in respect of
Section 133 of the Companies Act, 2013 and in accordance with the accounting principles generally accepted in India.

All assets and liabilities have been classified as current or non-current as per the Company?s normal operating cycle and other criteria set out in
the Revised Schedule VI to the Companies Act, 1956. Based on the nature of products and the time between the acquisition of assets for
processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of
current ? non-current classification of assets and liabilities.

1.2. Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires estimates and assumptions to be
made that affect the reported amount of assets and liabilities on the date of the financial statements and reported amounts of revenues and
expenses during the reporting period. Differences between actual results and estimates are recognized in the period in which the results are known
/ materialised.

1.3. Recognition of Income

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E-Zest Solutions Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

Income from Information Technology Services and Research and Development Services are recognised on accrual basis when the services have
been rendered in accordance with the terms of the agreements .

1.4. Other Income:

Dividend income is recognised when right to receive dividend is established.

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the rate applicable.

1.5. Fixed Assets

Tangible Fixed Assets are stated at cost of acquisition less accumulated depreciation and impairment losses, if any. Cost includes all incidental
expenses related to acquisition and attributed to cost of bringing the asset to its working condition for its intended use.

1.6. Depreciation

Depreciation on Tangible assets has been provided on the straight-line method as per the rates prescribed in Schedule XIV to the Companies Act,
1956. Depreciation on assets acquired/sold during the year is provided on prorata basis. Assets individually costing Rs. 5,000 or less are fully
depreciated in the year of purchase.

1.7. Impairment of Fixed Assets

Assessment is done at each Balance Sheet date as to whether there is any indication that an asset (tangible and intangible) may be impaired. For
the purpose of assessing impairment, the smallest identifiable group of assets that generates cash inflows from continuing use that are largely
independent of the cash inflows from other assets or groups of assets, is considered as a cash generating unit. If any such indication exists, an
estimate of the recoverable amount of the asset/cash generating unit is made. Assets whose carrying value exceeds their recoverable amount are
written down to the recoverable amount. Recoverable amount is higher of an asset?s or cash generating unit?s net selling price and its value in
use. Value in use is the present value of estimated future cash flows expected to arise from the continuing use of an asset and from its disposal at
the end of its useful life. Assessment is also done at each Balance Sheet date as to whether there is any indication that an impairment loss
recognised for an asset in prior accounting periods may no longer exist or may have decreased.

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E-Zest Solutions Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

1.8. Investments

Investments that are readily realisable and are intended to be held for not more than one year from the date, on which such investments are made,
are classified as current investments. All other investments are classified as long term investments. Current investments are carried at cost or fair
value, whichever is lower. Long-term investments are carried at cost. However, provision for diminution is made to recognise a decline, other
than temporary, in the value of the investments, such reduction being determined and made for each investment individually.

1.9. Employee Benefits

The Company has both defined contribution and defined benefit plans of which some have assets in special funds or similar securities. The plans
are financed by the Company and in case of some defined contribution plans, by the Company along with its employees.

Defined Contribution Plans

The Company contributes on a defined contribution basis to Employee?s Provident Fund and Employee?s Pension Scheme towards post
employment benefits, all of which are administered by the respective Government authorities, and has no further obligation beyond making its
contribution, which is expensed in the year to which it pertains.

Defined Benefit Plans

In accordance with the Payment of Gratuity Act, 1972, the company provides for a lump sum payment to eligible employees, at retirement or
termination of employment based on the last drawn salary and years of employment with the company. The Company?s gratuity benefit scheme
is a defined benefit plan. The company?s obligation in respect of the gratuity plan is provided by for based on actuarial valuation carried out by an
independent actuary using the projected unit credit method. The Company recognises actuarial gains and losses immediately in the profit and loss
account.

Employee Leave Entitlement

Employees of the Company are entitled to leave as per leave policy of the Company. Liability in respect of unutilised leave balances is provided
based on actuarial valuation carried out by an independent actuary as at the year end and charged to the Statement of Profit and Loss.

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E-Zest Solutions Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

1.10. Valuation of inventories

Inventories are accounted for at cost, or net realizable value, whichever is less, except Projects-in-process orWork -in-process which is valued at
cost.

1.11. Miscellaneous Expenditure

Preliminary expenses are amortised in the year in which they are incurred.

1.12. Foreign Currency Transactions

Foreign currency transactions are recorded at the exchange rates prevailing on the date of such transactions. Monetary assets and liabilities as at
the Balance Sheet date are translated at the rates of exchange prevailing at the date of the Balance Sheet. Gains and losses arising on account of
differences in foreign exchange rates on settlement/ translation of short-term monetary assets and liabilities are recognized in the Statement of
Profit and Loss. Gains and losses arising on account of differences in foreign exchange rates on translation/ settlement of long-term monetary
liabilities in so far as they relate to acquisition of a depreciable capital asset are added to/ deducted from the cost of the asset. Non-monetary
foreign currency items are carried at cost.

1.13. Provisions and Contingent Liabilities:

Provisions: Provisions are recognised when there is a present obligation as a result of a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and there is a reliable estimate of the amount of the obligation. Provisions
are measured at the best estimate of the expenditure required to settle the present obligation at the Balance sheet date and are not discounted to its
present value.

Contingent Liabilities: Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will
be confirmed only by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of the company or a

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E-Zest Solutions Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable
estimate of the amount cannot be made.

1.14. Accounting for Taxation of Income

Tax expense for the period, comprising of current tax and deferred tax, are included in the determination of the net profit or loss for the period.
Current tax is measured at the amount expected to be paid to the tax authorities in accordance with the taxation laws prevailing in the respective
jurisdictions.

Deferred tax is recognised for all the timing differences, subject to the consideration of prudence in respect of deferred tax assets. Deferred tax
assets are recognised and carried forward only to the extent that there is a reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realised. Deferred tax assets and liabilities are measured using the tax rates and tax laws
that have been enacted or substantively enacted by the Balance Sheet date. At each Balance Sheet date, the Company reassesses unrecognised
deferred tax assets, if any.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts and there is an
intention to settle the asset and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset when there is a legally
enforceable right to set off assets against liabilities representing current tax and where the deferred tax assets and the deferred tax liabilities relate
to taxes on income levied by the same governing taxation laws.

Minimum Alternative Tax (MAT) paid in accordance with tax laws, which give rise to future economic benefits in the form of adjustment of
future tax liability, is recognized as an asset only when, based on convincing evidence, it is probable that the future economic benefits associated
with it will flow to the company and the asset can be measured reliably.

[300100] Notes - Revenue

Unless otherwise specified, all monetary values are in INR
01/04/2013
to
31/03/2014
Textual information (2)
Disclosure of revenue explanatory [TextBlock] [See below]

Textual information (2)

Disclosure of revenue explanatory [Text Block]

1.1. Recognition of Income

Income from Information Technology Services and Research and Development Services are recognised on accrual basis when the services have
been rendered in accordance with the terms of the agreements

8
E-Zest Solutions Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

[201200] Notes - Employee benefits

Unless otherwise specified, all monetary values are in INR
01/04/2013
to
31/03/2014
Textual information (3)
Disclosure of employee benefits explanatory [TextBlock] [See below]

Textual information (3)

Disclosure of employee benefits explanatory [Text Block]

1.1. Employee Benefits

The Company has both defined contribution and defined benefit plans of which some have assets in special funds or similar securities. The plans
are financed by the Company and in case of some defined contribution plans, by the Company along with its employees.

[300300] Notes - Earnings per share

Unless otherwise specified, all monetary values are in INR
01/04/2013 01/04/2012
to to
31/03/2014 31/03/2013
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 0 0
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 0 0

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E-Zest Solutions Limited Standalone Statement of Profit & Loss for period 01/04/2013 to 31/03/2014

[300700] Notes - Director remuneration and other information

Disclosure of directors and remuneration to directors [Table] ..(1)

Unless otherwise specified, all monetary values are in INR
Directors [Axis] 1 2 3
01/04/2013 01/04/2013 01/04/2013
to to to
31/03/2014 31/03/2014 31/03/2014
Disclosure of directors and remuneration to directors [Abstract]
Disclosure of directors and remuneration to directors [LineItems]
Devendra Baburao Sunil Madhukarrao
Name of director Deshmukh
Amol Ramesh Pande
Dane
Director identification number of director 00377971 01416538 02794730
Date of birth of director 24/01/1977 28/06/1976 09/08/1973
Designation of director Managing Director Director Director
Qualification of director MBA and B.E B.E B.E
Shares held by director [shares] 31,40,081 [shares] 29,97,348 [shares] 4,28,192
Director remuneration [Abstract]
Salary to director [Abstract]
Total salary to director 8,60,000 8,60,000 8,60,000
Total director remuneration 8,60,000 8,60,000 8,60,000

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