convt-new balance sheet 2008-09 by f34q4h6

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									                    PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2009

                                                         SCH          Year ended                Year ended
                                                                     March 31,2009             March 31,2008
                                                                          Rs.                       Rs.
INCOME
Content sale [TDS Rs. 159650; P.Y: 35638]                                    10,506,624                 12,773,902
Other Income                                               9                    177,820                 33,414,970

                                                 TOTAL                       10,684,444                 46,188,872

EXPENDITURE
Cost of Service                                           10                     50,000                  1,157,000
Personnel Costs                                           11                    753,050                  1,553,400
Depreciation & Amortisation                                                     481,032                  2,491,545
Loss on sale of Investments                                                   9,760,106                        -
Administrative Expenses                                   12                  2,583,354                  3,467,830

                                                 TOTAL                       13,627,542                  8,669,775

Profit / (loss) Before Tax & Prior period adj.                               (2,943,098)                37,519,097
Prior Period ajustments                                                             -                      494,972
Profit / (loss) Before Tax                                                   (2,943,098)                37,024,125
Provision for Tax
              Current Tax                                                     1,875,884                  4,450,000
              FBT                                                                24,485                     39,800
              Deffered Tax (Net)                                                274,011                   (322,662)
              MAT Credit Entitlement                                         (1,875,884)                       -
Profit / (loss) After Tax                                                    (3,241,594)                32,856,987
Balance Brought Forward                                                      46,843,761                 24,187,524
                                                                             43,602,167                 57,044,511
APPROPRIATIONS
Utilised for issue of bonus shares                                                  -                   10,200,750
Balance Carried Forward to Balance Sheet                                     43,602,167                 46,843,761
                                                                             43,602,167                 57,044,511

EARNINGS PER SHARE (Basic & Diluted)                                                 -                        1.07
(refer note 6 of sch 13)

SIGNIFICANT ACCOUNTING
POLICIES & NOTES TO ACCOUNTS                              13

 As per our report of even date
 For N K Jalan & Co.                                     For and on behalf of Board of Directors
 Chartered Accountants
                                                               Sd/-                           Sd/-
       sd/-                                               (Kishor Ostwal)                  (Mayur Doshi)
 (N.K Jalan)                                             Managing Director                   Director
 Proprietor

 Place : Mumbai
 Dated : 16.08-09




Cni Research Limited                                                                               17
SCHEDULE : 1
SHARE CAPITAL                                                               As at                  As at
                                                                    March 31,2009          March 31,2008
AUTHORISED CAPITAL                                                           Rs                     Rs.

43200000 Equity Shares of Rs. 1/- each                                        43,200,000             43,200,000
680000 6% Red. Non-Cum. Pref. shares of Rs. 10/- each                          6,800,000              6,800,000

ISSUED, SUBSCRIBED & PAID UP
30602250 Equity shares of Rs.1/- (p.y 30602250) each fully
 paid up                                                                      30,602,250             30,602,250

(Of the above 11151000 equity shares of Rs.
1/- each fully paid up have been issued towards
 acquisition of business)

(Of the above 10200750 equity shares of Rs. 1/-each
fully paid up have been issued as bonus by capitalizing reserves)

(Of the above 6800500 equity shares of Rs. 1/-each
fully paid up have been issued as bonus by capitalizing reserves)

Application money on share warrants                                           10,000,000             10,000,000

                                                                              40,602,250             40,602,250

SCHEDULE : 2
RESERVES & SURPLUS                                                          As at                As at
                                                                    March 31,2009        March 31,2008
                                                                             Rs.                  Rs.
Profit & loss bal.                                                            43,602,167           46,843,761

                                                                              43,602,167             46,843,761

SCHEDULE : 3
LOAN FUNDS                                                                  As at                  As at
                                                                    March 31,2009          March 31,2008
                                                                             Rs.                    Rs.

Unsecured Loan:
Inter-Corporate loan                                                           2,400,000                    -

                                                                               2,400,000                    -


SCHEDULE : 4
DEFERRED TAX (ASSET)/LIABILITY (Net)                                        As at                  As at
                                                                    March 31,2009          March 31,2008
                                                                             Rs.                    Rs.

Deferred Tax Liability
Differences in depreciation                                                     867,983                 593,972
(Ref note 7 of the schedule 13 notes to accounts)
                                                                                867,983                 593,972


Cni Research Limited                                                                               18
SCHEDULE 5
FIXED ASSETS

                                 GROSS BLOCK                              DEPRECIATION               NET BLOCK
                     As on          Additions       As on          As on       For      As on      As on      As on
                    01.04.08      during the year 31.03.2009     01.04.2008  the year 31.03.2009 31.03.2009 31.03.2008
                      Rs.              Rs.            Rs.            Rs.       Rs.        Rs.       Rs.        Rs.
TANGIBLE

Motor Car             783,420                 -       783,420       82,580     74,424     157,004    626,416    700,840

Office Equipments      37,110              10,674      47,784        5,474      1,888        7,362    40,422     31,636

Computers             242,600                         242,600       85,854     39,324     125,178    117,422    156,746

TOTAL (A)            1,063,130             10,674    1,073,804     173,908    115,636     289,544    784,260    889,222

Previous year        1,035,050             28,080    1,063,130      61,414    112,494     173,908    889,222         -

INTANGIBLE          10,068,267         -            10,068,267 10,068,267               10,068,267       -           -

Software Library     7,692,533         -             7,692,533   1,826,976    365,396    2,192,372 5,500,161   5,865,557

TOTAL (B)           17,760,800                -     17,760,800 11,895,243     365,396 12,260,639 5,500,161     5,865,557

Previous year       17,760,800                -     17,760,800 9,516,192     2,379,051 11,895,243 5,865,557          -
GRAND TOTAL         18,823,930             10,674   18,834,604 12,069,151      481,032 12,550,183 6,284,421    6,754,779
(A+B)
Previous year       18,795,850             28,080   18,823,930   9,577,606   2,491,545 12,069,151 6,754,779          -




Cni Research Limited                                                                                     19
SCHEDULE : 6
INVESTMENTS                                                                As at               As at
                                                                       March 31,2009     March 31,2008
                                                                            Rs.                 Rs.
LONG TERM
QUOTED (At Cost)

 520 (P.Y 520) Shares of Basant Agro Ltd. of Rs. 10/- each                      27,323               27,323
 fully paid up
 28 (P.Y 28) Shares of Sanguine Media Ltd. of Rs. 10/- each                       410                    410
 fully paid up
 579295 (P.Y579295) Shares of Triveni Sheet Glass Ltd. of Rs10/-each        26,306,806            26,306,806
 fully paid up
 1000 (P.Y 1000) Shares of Kilburn Engg. Ltd. of Rs. 10/- each                  25,000               25,000
 fully paid up
 Nil(P.Y.19339) Shares of Avon Organics Ltd. of Rs. 10 each                        -                367,919
 fully paid up
 56010(P.Y.50010) shares of RDB IND. Of RS.10/-each                          2,361,910             4,460,412
 fully paid up
 35214(P.Y.30000) share of Schrader Dunccan of Rs.10/-each                   9,176,576             8,716,344
 fully paid up
 242(P.Y.242)share of Tata Steel of Rs.10/-each                                116,115              116,115
 fully paid up
 3909(P.Y.3909)share of BNK captial of Rs.10/-each                             173,984              173,984
 fully paid up
 460(P.Y.460) share of BDH of Rs. 10/-each                                       9,968                9,968
 fully paid up
 170000(P.Y.170000) share of Steel Strips & Tubes of Rs. 10/-each            9,116,894             9,116,894
 fully paid up
 10000(P.Y.20000) share of Vishnu Chemicals of Rs. 10/-each                    515,181             1,740,954
 fully paid up
 Nil(P.Y.100000) share of RPL of Rs. 10/-each                                      -              22,656,109
 fully paid up
 75(P.Y.75) share of Reliance Infrastructure of Rs. 10/-each                   161,380              161,380
 fully paid up
 100311(P.Y.100311) share of India Foils of Rs. 1/-each                      2,547,702             2,724,589
 fully paid up
 Nil(P.Y.5000) share of Bajaj Steel of Rs. 10/-each                                -                652,099
 fully paid up
 Nil(P.Y.1175) share of Martin Burn of Rs. 10/-each                                -                 58,376
 fully paid up
 27340(P.Y.17500) share of Network Ltd of Rs. 10/-each                         267,029              401,487
 fully paid up
1000(P.Y.1000) Bonus shares of Ansal Properties Ltd of Rs. 5/-each                 -                     -
fully paid up
 50000(P.Y.Nil) share of Asian Oilfeilds Ltd of Rs.10/-each                  3,800,000             3,800,000
 (The above shares have been converted into equity shares against
 50000 warrants of Rs.76/- each held on 31.3.08)
 208(P.Y.208) Preference shares of Tata Steel Ltd of Rs. 10/-each               20,800               20,800
 fully paid up
 19500(P.Y.Nil) share of Adhunik Metalik Ltd of Rs. 10/-each                   476,421                   -
 fully paid up




Cni Research Limited                                                                         20
11000(P.Y.Nil) share of MSP Steel & Power Ltd of Rs. 10/-each              384,557                   -
fully paid up
1250(P.Y.Nil) share of Bharat Earth Movers Ltd of Rs. 10/-each            1,397,112                  -
fully paid up
8000(P.Y.Nil) share of Bombay Dyeing Ltd of Rs. 10/-each                  1,092,666                  -
fully paid up
3500(P.Y.Nil) share of Gremac Infra Ltd of Rs. 10/-each                     64,075                   -
fully paid up
550000(P.Y.Nil) share of Cals Ltd of Rs. 1/-each                          1,095,008                  -
fully paid up
25000(P.Y.Nil) share of Schlafhorst Engg Ltd of Rs. 10/-each               392,376                   -
fully paid up
25361(P.Y.Nil) share of Jayaswal Neco Ltd of Rs. 10/-each                  214,301                   -
fully paid up
UNQUOTED (At Cost)
1059900 (PY 59900) shares of Cni InfoXchange Pvt Ltd of Rs. 10/-        10,599,000              599,000
each fully paid up
270000(P.Y.Nil) con.warrent of Silver Smith Ltd of Rs.40/-each            1,080,000                  -
( each warrant is convertible into one equity share)
153475(P.Y.Nil) shares of Rs 10/- each fully paid of                      1,534,750                  -
Nexgen Education Solution P.Ltd.                                          6,900,000
Share Application of Cni InfoXchange Pvt. Ltd. of Rs. 10/- each.
                                                                        79,857,343            82,135,971
Market Value of Quoted Investments                                      12,616,345
SCHEDULE : 7
CURRENT ASSETS, LOANS AND ADVANCES                                     As at              As at
                                                                   March 31,2009      March 31,2008
                                                                        Rs.                Rs.
         A.   CURRENT ASSETS
              Cash & Bank Balances :
              Cash on Hand                                                 770,642              700,606
              Balance in Scheduled Banks in Current Account                 72,007            1,560,840
                                                                           842,650            2,261,446
         B.   LOANS AND ADVANCES
              (Unsecured, considered good)
              Tax Deducted at source                                       195,288               35,638
              Advances recoverable in cash or kind or for value          1,730,000              400,000
              to be received
              Advance Tax                                                4,440,239            2,000,000
              MAT credit entitlement receivable                          1,907,289                  -
              Sundry Debtors                                                     1                   11
                                                                         8,272,817            2,435,649

SCHEDULE : 8
CURRENT LIABILITIES AND PROVISIONS                                     As at              As at
                                                                   March 31,2009      March 31,2008
                                                                        Rs.                Rs.
         A.   CURRENT LIABILITIES
              Outstanding Expenses                                         936,347              999,141
              Current account of directors                                 479,990               95,000

         B.   PROVISIONS
              Provision For Tax                                          6,337,089            4,453,720
                                                                         7,753,426            5,547,861



Cni Research Limited                                                                     21
SCHEDULE : 9
OTHER INCOME                        Year ended         Year ended
                                   March 31,2009      March 31,2008
                                        Rs.                Rs.
Profit on sale of investments                   -          33,221,639
Dividend                                    177,820            193,332
                                            177,820        33,414,970

SCHEDULE : 10
COST OF SERVICE:                    Year ended         Year ended
                                   March 31,2009      March 31,2008
                                        Rs.                Rs.
Server Costs                                50,000             151,750
Content Costs                                  -            1,000,000
Website Development Exps.                      -                 5,250
                                            50,000          1,157,000

SCHEDULE : 11
PERSONNEL COST:                     Year ended         Year ended
                                   March 31,2009      March 31,2008
                                        Rs.                Rs.
Salaries                                    753,050         1,553,400
                                            753,050         1,553,400

SCHEDULE : 12
                                    Year ended         Year ended
                                   March 31,2009      March 31,2008
                                        Rs.                Rs.
ADMINISTRATION & OTHER EXPENSES
Director's Remuneration                    384,000             384,000
Insurance Premium                        1,105,893           1,085,753
Computer & Software Expenses                17,804             101,540
Repairs and Maintenance (Others)            37,690              17,966
Printing & Stationery                       92,484             158,690
Computer Stationery                            -                14,360
Conveyance & Travelling Exps.              123,772             315,662
Telephone Charges                           93,386             140,308
Legal & Professional Fees                   48,090             181,920
Listing fees                                23,744              86,316
Fees & Subscription                          3,839              13,117
Miscellaneous Expenses                      71,903              58,093
Auditor's Remuneration:
Audit Fees                                  12,000              12,000
Tax Audit Fees                               5,000               5,000
Electricity Charges                         74,144              61,815
Books & Periodicals                          4,839               8,609
Office Exps.                                19,658               7,928
Rent                                       120,000             120,000
Maintainence Charges                        22,482              66,984
Postage & Xerox                              6,962              24,786
ROC Filing fees                              6,000               6,000
STT                                         48,065             164,248
Bank Charges                                 1,811               7,235
Share Registrar's Fees                      26,389              16,854
Internet Charges                            39,968              60,138
SMS Charges                                193,431             348,508
                                         2,583,354           3,467,830




Cni Research Limited                                    22
Cni Research Limited   23

								
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