Balance Sheet as at March 31, 2014 Note 31st March 2014 31st March 2013 R R I.EQUITY AND LIABILITIES (1) Shareholders' Funds (a) Share Capital 2 43,20,00,000 43,20,00,000 (b) Reserves and Surplus 3 411,49,68,815 397,95,27,294 454,69,68,815 441,15,27,294 (2) Non-Current Liabilities (a) Long-Term Borrowings 4 28,81,48,255 42,09,54,102 (b) Deferred Tax Liabilities (Net) 5 5,46,35,830 4,50,92,100 (c) Other Long-Term Liabilities 6 14,37,67,637 26,28,62,709 (d) Long-Term Provisions 7 16,99,20,159 16,66,28,574 65,64,71,881 89,55,37,485 (3) Current Liabilities (a) ShortTerm Borrowings 8 84,81,38,172 72,66,81,665 (b) Trade Payables 9 538,44,77,900 502,09,46,910 (c) Other Current Liabilities 10 342,37,63,235 314,93,78,085 (d) Short-Term Provisions 11 34,92,77,620 26,92,24,335 1000,56,56,927 916,62,30,995 TOTAL 1520,90,97,623 1447,32,95,774 II.ASSETS (1) Non-current Assets (a) Fixed Assets 12 (i) Tangible Assets 63,07,42,104 58,28,46,969 (ii) Intangible Assets 63,44,05,235 67,15,84,953 (iii) Capital Work-in-Progress 1,40,12,139 1,61,11,882 (iv) Intangible Assets under - 59,66,91,569 development (b) Non-Current Investments 13 201,12,12,856 167,55,12,856 (c) Deferred tax assets (net) 5 - - (c) Long-Term Loans and Advances 14 85,09,33,219 14,72,10,098 (d) Other Non-Current Assets 15 21,04,89,728 36,37,69,219 435,17,95,281 405,37,27,546 (2) Current Assets (a) Current investments - - (b) Inventories 16 26,73,16,944 20,38,02,456 (c) Trade Receivables 17 646,67,58,462 642,24,99,926 (d) Cash and Bank Balances 18 35,23,95,516 41,89,57,885 (e) Short-Term Loans and Advances 19 117,79,89,978 132,65,55,277 (f) Other Current Assets 20 259,28,41,442 204,77,52,684 1085,73,02,342 1041,95,68,228 TOTAL 1520,90,97,623 1447,32,95,774 Contingent Liabilities including notes to accounts - -
Significant Accounting Policies 1 The accompanying notes are an integral part of the financial statements. For and on behalf of the Board N. Jain A.K. Duggal A.K.Gupta Vimal Wakhlu Company Secretary Executive Director (F&A) Director (Finance) Chairman & Managing Director In terms of our report attached For M.K. Aggarwal & Co. Chartered Accountants (Firm Regn.:01411N) (CA Atul Aggarwal) Place: New Delhi Partner Date: Membership No.: 099374
Statement of Profit & Loss for the year ended on March 31, 2014 Note For the year ended March 31, 2014 R For the year ended March 31, 2013 R INCOME Revenue from operations 21 800,08,31,070 682,04,64,445 Other income 22 16,43,32,462 26,16,28,907 TOTAL 816,51,63,532 708,20,93,352 OPERATING EXPENDITURE Cost of materials consumed 23 103,63,01,492 57,50,21,952 Purchases of Stock-in-Trade 58,16,13,004 90,00,02,533 Change in Inventories of Stock in Trade 24 7,10,85,000-73,393,330 Sub-contracts expenditure 371,66,20,977 316,40,27,022 Personnel expenditure 25 132,66,12,945 122,81,65,412 Finance Costs 26 16,04,49,735 13,17,15,154 Depreciation and amortisation expense 12 9,03,02,346 9,27,99,554 Administrative and Other Expenses 27 91,40,94,979 84,40,32,048 Provisions made for Doubtful Debts/Advances 6,77,76,577 2,10,42,570 TOTAL EXPENSES 796,48,57,055 688,34,12,915 Profit before extraordinary items and tax 20,03,06,477 19,86,80,437 Extraordinary items - - PROFIT BEFORE TAX 20,03,06,477 19,86,80,437 Tax expense: 28 - Current Tax 4,22,96,945 24,38,692 - Deferred Tax 1,04,86,381 3,86,31,551 TOTAL TAX EXPENSE 5,27,83,326 4,10,70,243 Profit/(Loss) for the period from continuing operation 14,75,23,151 15,76,10,194
Profit/(Loss) for the period 14,75,23,151 15,76,10,194 Earnings per equity share: Basic 3.41 3.65 Diluted 3.41 3.65 Significant Accounting Policies 1 The accompanying notes are an integral part of the financial statements. For and on behalf of the Board N. Jain A.K. Duggal A.K.Gupta Vimal Wakhlu Company Secretary Executive Director (F&A) Director (Finance) Chairman & Managing Director In terms of our report attached For M.K. Aggarwal & Co. Chartered Accountants (Firm Regn.:01411N) (CA Atul Aggarwal) Place: Partner Date: Membership No.: 099374
NOTE 2 : SHARE CAPITAL a. Authorised, Issued, Subscribed and Paid-up Share Capital: March 31, 2014 March 31, 2013 Numbers R Numbers R Authorised Share Capital Equity Shares of R 10/- each 6,00,00,000 60,00,00,000 6,00,00,000 60,00,00,000 6,00,00,000 60,00,00,000 6,00,00,000 60,00,00,000 Issued, Subscribed and Paid-up Equity Share Capital Equity Shares of R 10/- each fully Paid-up 4,32,00000 43,20,00,000 4,32,00000 43,20,00,000 Total 4,32,00000 43,20,00,000 4,32,00000 43,20,00,000 b) Shareholders holding more than 5% shares of the Company: The entire Equity Shares are held by the Government of India as fully paid up. c) Shares allotted by way of Bonus Shares: 2009-10 2010-11 2011-12 2012-13 2013-14 No. R No. R No. R No. R No. R Equity shares allotted as -- -- -- -- -- -- -- -- -- -- fully paid up by way of each Bonus shares Total
R R NOTE 3: RESERVES & SURPLUS General Reserve Opening Balance 397,95,27,294 383,38,23,703 Additions /Deductions during the year 13,54,41,521 14,57,03,591 Closing Reserves 411,49,68,815 397,95,27,294 Surplus in Statement of Profit & Loss Profit for the year 14,75,23,151 15,76,10,194 Less: Proposed Dividend 1,03,26,621 1,02,44,663 Income Tax on proposed dividend 17,55,009 16,61,940 Transfer to General Reserves 13,54,41,521 14,57,03,591 411,49,68,815 397,95,27,294 31st March 2014 R 31st March 2013 R NOTE 4 : LONG TERM BORROWING SECURED LOANS Term Loan Rupee Loan - From Banks 28,81,48,255 42,09,54,102 Total 28,81,48,255 42,09,54,102
a) Secured Loan I : Rs. 10,99,48,255/- II: Rs. 17,82,00,000/- Secured Loan I is covered by: The loan has been taken from Vijaya Bank for part funding for BOT project to augment Bhawanigarh-Nabha-Gobindgarh section in Punjab. The sanctioned Loan Amount was Rs.56.00 crores. The Drawal was started from June 2007. The Interest rate is being charged at Base rate + 0.75%. The security is: I. Exclusive First charge on entire Bhawanigarh-Nabha-Gobindgarh Project assets. II. Exclusive First charge on receivables in the Escrow account of the Company. III. Security interest by way of assignment of all the rights, titles, permits, approvals and interests of the Company in, to and in respect of all the assets of the Project and all the Project Agreements, including but not limited to all the clearances, permits, approvals, consents in relation to the Project. IV. Security interest by way of assignment of contractor guarantees, performance bonds and any letter of credit that may be provided by any party. V. Security interest by way of assignment of all insurance policies taken in respect of the Borrower s assets; VI. A first charge on all the Borrower s bank account for the project, including but not limited to the Trust & Retention Account(s). Principal amount was to be repaid in 96 graded installments. Repayment has started from April 2009. Secured Loan II is covered by: The loan has been taken from Vijaya Bank for part funding of BOT Project to augment Lakhnadone-Ghansore section in Madhya Pradesh. The sanctioned loan amount was Rs 42.92 Crores. The Drawal was started from June 2012. The Interest rate is being charged at Base rate + 0.75%. The security is: I. Exclusive first charge on entire Lakhnadone-Ghansore Road Project assets. II. Exclusive first charge on receivables in the New Escrow account. III. Security interest by way of assignment of all the rights, titles, permits, approvals and interests of the company in, to and in respect of all the assets of the Project and all the Project Agreements, including but not limited to all the clearances, permits, approvals, consents in relation to the Project. IV. Security interest by way of assignment of contractor guarantees, performance bonds and any letter of credit that may be provided by any party. V. Security interest by way of assignment of all insurance policies taken in respect of the Borrower s assets. VI. A first charge on all the Borrower s bank accounts, including but not limited to the Trust & Retention Account(s). Principal amount to be repaid in 120 graded monthly installments after an initial moratorium of 24 months from the date of first availment i.e. 12.06.2012.
NOTE 5 : DEFERRED TAX LIABILITIES/ASSETS Deferred Tax Laibility : Related to Fixed Assets 20,54,26,518 17,35,98,636 Total 20,54,26,518 17,35,98,636 Deferred Tax Assets: Provision for Doubtful Debts 3,29,65,202 2,88,52,111 Provision for Doubtful Advances 4,51,51,054 3,96,84,082 Provision for Leave encashment / Bonus 5,03,15,025 4,73,89,619 Others 2,23,59,407 1,25,80,724 Total 15,07,90,688 12,85,06,536 Net of Deferred Tax (Assets)/ Liabilities 5,46,35,830 4,50,92,100 NOTE 6 : OTHER LONG-TERM LIABILITIES a) Trade Payables 7,52,02,626 16,78,27,887 b) Others 6,85,65,011 9,50,34,822 T O T A L 14,37,67,637 26,28,62,709
NOTE 7: LONG-TERM PROVISIONS -- Post Retirement Medical Benefits 4,52,04,044 4,10,64,474 -- Leave Salary Encashment 10,50,24,412 10,95,81,976 -- Others (employee benefits) 1,96,91,703 1,59,82,124 T O T A L 16,99,20,159 16,66,28,574 NOTE 8: SHORT TERM BORROWINGS a) SECURED LOANS -- From Banks 69,50,62,427 56,16,05,429 (Overdraft secured against Receviables) b) UNSECURED LOANS Short Term Loan - Foreign Currency Loan from Banks 6,68,67,745 8,00,60,236 c) Current Maturities of Long Term Debts 8,62,08,000 8,50,16,000 T O T A L 84,81,38,172 72,66,81,665 NOTE 9: TRADE PAYABLES a) Trade payables 535,68,96,448 499,68,72,131 b) Due to Related Parties * 2,75,81,452 2,40,74,779 T O T A L 538,44,77,900 502,09,46,910 * represent Rs.152.35 Lakhs due to Subsidiaries (previous year Rs. 180.41 Lakhs) and Rs.123.46 Lakhs due to Associates / Joint ventures (previous year Rs. 60.34 Lakhs).
NOTE 10 : OTHER CURRENT LIABILITIES a) Advances from Customers 103,09,64,812 98,65,13,587 b) Interest accrued but not due on Borrowings - 5,93,997 c) Interest accrued and due on Borrowings 11,51,107 3,89,527 d) Other payables (Including Sales Tax, Service Tax and Others) 239,16,47,316 216,18,80,974 T O T A L 342,37,63,235 314,93,78,085 NOTE 11 : SHORT-TERM PROVISIONS a) Income Tax 18,92,02,051 14,33,81,855 b) Proposed Dividend 1,03,26,621 1,02,44,663 c) Tax on Proposed Dividend 17,55,009 16,61,940 d) Provision for Warranty Period Expenses * 4,26,35,486 5,42,70,926 e) Employee benefits 5,13,40,537 5,43,34,111 f) Others -- Leave Salary and Pension Contribution - 3,79,632 -- Provision for losses in unfinished projects 29,83,080 49,51,208 -- Provision for Dimunition in value of Investment of TTL 5,10,34,836 - T O T A L 34,92,77,620 26,92,24,335 * Provision for Warranty Period Expenses: Opening Balance 5,42,70,926 3,74,00,642 Add: Provided for Currency Year 3,68,85,296 3,60,18,003 Less: Withdrawn during the Current Year 84,43,658 9,85,332 Less: Utilized during the Current Year 4,00,77,078 1,81,62,387 Closing Balance 4,26,35,486 5,42,70,926
12. FIXED ASSETS 12A- TANGIBLE ASSETS (INLAND) PARTICULARS 01.04.2013 (Amount in Rupees) GROSS BLOCK DEPRECIATION NET BLOCK Additions Transfer Sale / Depreciation Transfer Sales/ As At /Adjustments Adjustments 31.03.2014 01.04.2013 during the Adjustment 31.03.2014 31.03.2014 31.03.2013 During The Year During The Year year during the year Temporary Structure 4,333,860 27,109 4,360,969 4,333,860 27,109 4,360,969 - - Land 3,437,449 3,437,449 - - 3,437,449 3,437,449 Building-Office (Leasehold) 66,084,034 - - 66,084,034 10,041,719 667,488 10,709,207 55,374,827 56,042,315 Building-Residential 6,647,240 6,647,240 3,371,154 108,348 3,479,502 3,167,738 3,276,086 Furniture & Fixture 63,812,073 688,123-64,500,196 57,347,480 2,897,668-60,245,148 4,255,048 6,464,593 Office Machinery & Equipments 19,672,040 3,204,853 13,650 22,863,243 11,702,165 881,895 2,524 12,581,536 10,281,707 7,969,875 Electrical Appliance 35,131,383 750,081-9,990 35,871,474 20,020,411 1,500,496 2,198 21,518,709 14,352,765 15,110,972 Vehicles 13,444,276 154,843 - - 13,599,119 6,743,352 1,004,384-7,747,736 5,851,383 6,700,924 Plant & Machinery 322,040,941 54,668,075 - - 376,709,016 66,758,237 16,438,401-83,196,638 293,512,378 255,282,704 Computers 82,550,258 11,906,240 94,456,498 47,754,535 8,773,428 56,527,963 37,928,535 34,795,723 Training Equipments 21,811,544 93,084-21,904,628 15,661,163 1,068,697-16,729,860 5,174,768 6,150,381 TOTAL of 12(A) 638,965,098 71,492,408-23,640 710,433,866 243,734,076 33,367,914-4,722 277,097,268 433,336,598 395,231,022 Previous Year 565,547,975 73,455,945-38,822 638,965,098 214,122,379 29,624,368-12,671 243,734,076 395,231,022 351,425,596 1. Building- Office (Leasehold) represents premium on acquisition of perpetual rights which is initially for 99 years lease 2. Figures in brackets denotes negative values
12 B- TANGIBLE ASSETS (FOREIGN) PARTICULARS 01.04.2013 (Amount in Rupees) GROSS BLOCK DEPRECIATION NET BLOCK Additions Transfer Sale / Depreciation Transfer Sales/ As At /Adjustments Adjustments 31.03.2014 01.04.2013 during the year Adjustment 31.03.2014 31.03.2014 31.03.2013 During The Year During The during the year Year Temporary Structure 57,54,160 71,512 58,25,672 57,54,157 71,512 58,25,669 3 3 Furniture & Fixture 1,00,26,190 15,479 3,76,440 96,65,229 71,05,809 4,54,126 3,45,736 72,14,199 24,51,030 29,20,381 Office Machinery & Equipments 93,41,997 11,94,440 3,23,306 1,02,13,131 50,67,205 4,37,296 1,65,845 53,38,656 48,74,475 42,74,792 Electrical Appliance 77,47,453 7,60,723 7,10,490 77,97,686 39,37,285 4,36,899 4,05,299 39,68,885 38,28,801 38,10,168 Vehicles 16,20,28,152 1,51,52,656 2,60,34,219 15,11,46,589 10,09,41,988 98,38,798 2,31,49,063 8,76,31,723 6,35,14,866 6,10,86,164 Plant & Machinery 19,16,11,195 1,75,46,685-83,04,737 20,08,53,143 7,89,67,071 78,26,220 57,16,072 8,10,77,219 11,97,75,924 11,26,44,124 Computers 1,34,58,009 7,69,955 1,42,27,964 1,05,77,694 6,89,863 1,12,67,557 29,60,407 28,80,315 TOTAL 12 (B) 39,99,67,156 3,55,11,450-3,57,49,192 39,97,29,414 21,23,51,209 1,97,54,714-2,97,82,015 20,23,23,908 19,74,05,506 18,76,15,947 Previous Year 37,42,95,952 6,07,55,824-3,50,84,620 39,99,67,156 21,17,09,224 2,72,46,615-2,66,04,630 21,23,51,209 18,76,15,947 16,25,86,728 TOTAL 12 (A) 63,89,65,098 7,14,92,408-23,640 71,04,33,866 24,37,34,076 3,33,67,914-4,722 27,70,97,268 43,33,36,598 39,52,31,022 GRAND TOTAL 12(A)+12(B) 103,89,32,254 10,70,03,858-3,57,72,832 111,01,63,280 45,60,85,285 5,31,22,628-2,97,86,737 47,94,21,176 63,07,42,104 58,28,46,969 PREVIOUS YEAR TOTAL 93,98,43,927 13,42,11,769-3,51,23,442 103,89,32,254 42,58,31,603 5,68,70,983-2,66,17,301 45,60,85,285 58,28,46,969 51,40,12,324 NOTE : 1. Figures in brackets denotes negative values. 12 C- INTANGIBLE ASSETS PARTICULARS 01.04.2013 Additions /Adjustments During The Year (Amount in Rupees) GROSS BLOCK DEPRECIATION NET BLOCK Transfer Sale / Depreciation Transfer Sales/ As At Adjustments 31.03.2014 01.04.2013 during the year Adjustment 31.03.2014 31.03.2014 31.03.2013 During The during the year Year Toll Collection Rights - Nabha Govindgarh Toll Bridge * 76,83,91,662 - - - 76,83,91,662 9,68,06,709 3,71,79,718 13,39,86,427 63,44,05,235 67,15,84,953 TOTAL 76,83,91,662 - - - 76,83,91,662 9,68,06,709 3,71,79,718-0 13,39,86,427 63,44,05,235 67,15,84,953 Previous Year 76,83,91,662 - - - 76,83,91,662 10,43,49,492 3,59,28,571-4,34,71,354 9,68,06,709 67,15,84,953 66,40,42,170 * Toll collection rights have been capitalized as Intangible Assets upon completion of the project as per Accounting Policy No.11
NOTE 13 : NON CURRENT INVESTMENTS Long-term Investment Investments in Shares of Joint Ventures: (Unquoted) at Cost Telecommunications Consultants Nigeria Ltd., 26,000 fully paid Equity Shares of 1 Naira each Original Value 3,75,180 3,75,180 Less decline in value due to Devaluation of Naira 3,67,684 3,67,684 7,496 7,496 Bharati Hexacom Ltd. 7,50,00,000 fully paid Equity Shares (Previous year 7,50,00,000 Equity Shares) of Rs. 10/- each 106,20,00,000 106,20,00,000 TCIL Bellsouth Ltd. 87,641 fully paid Equity Shares (previous year 87,641 Equity Shares) of Rs.100 each 83,72,675 83,72,675 TCIL Saudi Co. Ltd, KSA 800 Participating Shares (previous year 800 participating shares) of SR 1000 each 66,84,000 66,84,000 Intelligent Communications Systems India Ltd. 36,000 fully paid Equity Shares (previous year 36,000 Equity Shares) of Rs.100 each 36,00,000 36,00,000 United Telecom Ltd., Nepal 57,31,900 Equity Shares (previous year 57,31,900 Equity Shares) of 100 Nepali Rupees each 35,84,19,250 35,84,19,250 143,90,83,421 143,90,83,421 Investments in Shares of Subsidiaries: (Unquoted) at Cost TCIL Oman LLC, Oman 1,05,000 Equity Shares (previous year 1,05,000 Equity Shares) of 1 Omani Rial each 1,20,92,435 1,20,92,435 TCIL Bina Toll Road Ltd. 1,95,70,000 fully paid Equity Shares (previous year 50,000 equity shares) of Rs.10 each 19,57,00,000 5,00,000 TCIL Lakhnadone Toll Road Ltd. 1,40,50,000 fully paid Equity Shares (previous year Nil) of Rs.10 each 14,05,00,000-34,82,92,435 1,25,92,435 Quoted (at cost) Tamilnadu Telecommunications Ltd. 2,23,83,700 Equity Shares (Previous year 2,23,83,700 Equity Shares) of Rs. 10 each in (Market price as on 31.03.2014 Rs.3.28 each (Previous year Rs. 3.50 each) 22,38,37,000 22,38,37,000 T O T A L 201,12,12,856 167,55,12,856
NOTE 14 : LONG-TERM LOANS AND ADVANCES Advances recoverable in cash or in kind or for value to be received Unsecured - Considered good Related parties * 70,73,42,879 - Others 10,60,731 11,54,741 Secured : - Considered good Related parties ** 11,65,73,000 11,65,73,000 Others - To Sub Contractors against BG 64,37,500 97,18,750 - To Staff (Represent House Building Advance secured against first charge on immovable property of the staff and Vechicle advance secured against First charge on Vehicle of the staff) 1,06,34,689 1,16,18,230 84,20,48,799 13,90,64,721 Security Deposits 14,81,322 17,45,347 Interest accrued but not due on advances 74,03,098 64,00,030 T O T A L 85,09,33,219 14,72,10,098 * represent Rs. 7073.43 lakhs due from SPVs (TCIL Bina Toll Road Ltd. and TCIL Lakhnadone Toll Road Ltd.) (Previous year Nil) ** represent Rs 1165.73 lakhs due from Tamilnadu Telecommunications Ltd (Previous year Rs 1165.73 lakhs)
NOTE 15 : OTHER NON-CURRENT ASSETS Long-term Trade Receivables (including trade receivables on deferred credit terms) Unsecured - Considered good - Trade Receivables 8,38,19,892 16,68,98,696 - Retention Money 5,60,17,067 12,62,17,754 - Considered doubtful - Trade Receivables 9,69,85,002 8,89,26,218 23,68,21,961 38,20,42,668 Less: Provision for Doubtful debts 9,69,85,002 8,89,26,218 13,98,36,959 29,31,16,450 Others - Advance Tax & TDS 7,06,52,769 7,06,52,769 T O T A L 21,04,89,728 36,37,69,219 NOTE 16 : INVENTORIES As taken, valued and certified by the Management (valued at cost) - Stock-in-trade (in respect of goods acquired for trading) 23,08,330 7,33,93,330 - Stores & Spares (including with Sub-contractors) at project sites 27,04,50,085 13,88,44,470 Less: Provision for obsolescence/ slow moving stores 54,41,471 84,35,344 T O T A L 26,73,16,944 20,38,02,456
NOTE 17 : TRADE RECEIVABLES Unsecured : A) Outstanding for period exceeding six months : Considered good Trade Receivables * 368,23,99,792 300,24,33,675 Retention Money 3,16,63,122 7,99,78,185 Considered Doubtful - - TOTAL - A 371,40,62,914 308,24,11,860 B) Others : Considered good Trade Receivables 227,65,25,545 289,15,22,657 Retention Money 31,54,92,738 27,62,97,748 Unbilled 16,06,77,265 17,22,67,661 TOTAL - B 275,26,95,548 334,00,88,066 TOTAL (A+B) 646,67,58,462 642,24,99,926 Less : Provision for Doubtful Debts - - TOTAL 646,67,58,462 642,24,99,926 * Includes amount due from Subsidiary Companies Rs. 4137.70 Lakhs (Previous year Rs. 4206.77 Lakhs)
NOTE 18 : CASH AND BANK BALANCES CASH AND CASH EQUIVALENTS A.Cash in hand including imprest balances 34,71,248 26,39,748 B. With Scheduled Banks in Current Accounts 15,05,83,588 7,16,29,234 in Call Accounts 22,04,291 10,44,983 in Deposit Account : Deposits with maturity of less than 3 months 5,76,38,947 4,49,98,951 in Saving Account 21,21,921 20,90,959 T O T A L (B) 21,25,48,747 11,97,64,127 C.With other Banks in Current Accounts 5,36,14,232 5,45,52,834 in Call Accounts 4,33,000 3,55,456 in Deposit Account : Deposits with maturity of less than 3 months 5,27,55,947 8,13,03,208 T O T A L ( C) 10,68,03,179 13,62,11,498 T O T A L (A+B+C ) 32,28,23,174 25,86,15,373 OTHER THAN CASH AND CASH EQUIVALENTS D. With Scheduled Banks Deposits with maturity of more than 3 months but less than 3,47,60,750 16,16,04,753 12 months (Pledged with bank for Rs. 146 Lakhs (Previous year Rs. 146.58 lakhs) against Guarantees Deposits with maturity of more than 12 months 8,776 8,072 (Pledged with bank for Rs. 0.08 Lakhs (Previous year Rs. 0.08 lakhs) against Guarantees) T O T A L (D ) 3,47,69,526 16,16,12,825 E.Money in transit - - F.Cheques in hand 11,25,741 44,70,161 G.Less: Funds blocked in Bank 63,22,925 57,40,474 T O T A L (A+B+C+D+E+F-G) 35,23,95,516 41,89,57,885
NOTE 19 : SHORT-TERM LOANS AND ADVANCES Advances recoverable in cash or in kind or for value to be received Unsecured - Considered good 78,75,20,263 84,70,58,744 - Considered doubtful 13,28,36,287 12,23,11,855 Secured : - Considered good Related parties - - Others - To Sub Contractors against BG 21,70,64,847 29,59,15,436 - To Staff (Represent House Building Advance secured against first charge on immovable property of the staff and Vechicle advance secured against First charge on Vehicle of the staff) 30,41,405 32,46,856 114,04,62,802 126,85,32,891 Less: Provision for Doubtful advances 13,28,36,287 12,23,11,855 100,76,26,515 114,62,21,036 Security Deposits 13,48,09,763 13,99,95,728 Interest accrued but not due on advances 3,53,12,475 3,87,90,976 Interest accrued and Due on Loan 2,41,225 15,47,537 T O T A L 117,79,89,978 132,65,55,277
NOTE 20 : OTHER CURRENT ASSETS Interest accrued but not due on deposits 2,35,63,064 2,13,07,353 (Rs 217.22 Lakh on deposits in the name of Client A/c TCIL previous year Rs. 206.43 Lakhs) Amount Due from Customers Work in Progress 1329,32,72,199 1107,94,93,212 Less : Bills Raised till date 1131,15,33,197 955,11,14,903 198,17,39,002 152,83,78,309 Advance Tax and Tax Deducted at Source 43,81,73,107 35,33,21,297 MAT Credit Entitlement 4,89,78,378 4,89,78,378 Other Taxes Recoverable 10,03,87,891 9,57,67,347 T O T A L 259,28,41,442 204,77,52,684 Telecommunications Consultants India Ltd. For the year ended March 31, 2014 For the year ended March 31, 2013 NOTE 21 : REVENUE FROM OPERATIONS I. Sale of Products 91,14,23,489 103,03,20,608 II. Sale of Services a) Turnkey Projects 285,96,41,623 119,15,49,634 Completed b) Accretion/Decretion (-) to Work-in-Progress Closing Work-in-Progress 1329,32,72,199 1167,61,84,781 Less : Opening Work-in-Progress and adjustment 1167,61,84,781 963,99,75,068 161,70,87,418 203,62,09,713 c) Maintenance / Service Contracts 237,63,28,398 222,50,78,343 d) Consultancy Projects 9,25,91,333 12,64,36,964 e) Other Projects 5,87,03,421 3,78,77,521
III. Other Operating Revenue - Interest on Advance fm Sub-contractor 2,69,71,821 4,51,14,882 - Overheads recovered from Sub-contractor 34,04,130 63,76,241 - Sale of Tenders 5,23,000 2,45,500 - Provision for Warranty Period Expenses written back 84,43,658 9,85,332 - Empanelment Fees from contractors - 98,40,000 - Excess provision written back 4,57,12,779 8,94,65,759 T O T A L 800,08,31,070 682,04,64,445 NOTE 22 : OTHER INCOME Interest (Gross) - Fixed Deposit 1,14,81,756 2,19,54,241 - Loans to Employees 12,07,538 11,46,012 Profit on Sale of Assets (Net) 8,00,480 - Other Non-Operating income - Dividend received 3,82,20,000 15,05,40,000 - Others 11,26,22,688 8,79,88,654 TOTAL 16,43,32,462 26,16,28,907
NOTE 23 : COST OF MATERIALS CONSUMED A. STORES & SPARES Opening Stock 13,88,44,470 10,08,73,194 Add: Purchases 115,66,68,700 59,82,36,791 Less: Closing Stock 27,04,50,085 13,88,44,470 Stores & Spares consumed 102,50,63,085 56,02,65,515 B. LOOSE TOOLS Opening Stock - - ADD : Purchases 1,12,38,407 1,47,56,437 Less : Closing Stock - - Loose tools consumed 1,12,38,407 1,47,56,437 TOTAL 103,63,01,492 57,50,21,952
NOTE 24 : CHANGES IN INVENTORIES OF STOCK IN TRADE Stock at close 23,08,330 7,33,93,330 Stock at commencement 7,33,93,330 - Increase/ (Decrease) in Stocks 7,10,85,000-73,393,330 NOTE 25 : PERSONNEL EXPENDITURE Salaries (including foreign DA) 108,27,80,311 95,95,56,017 Leave Salary & Pension Contribution 19,84,266 1,21,11,553 Provident & other Funds Contribution 7,73,13,768 7,92,52,953 Medical Reimbursement 4,16,01,736 3,90,15,197 Staff Welfare including Camp expenses 3,94,82,831 3,82,12,424 Liveries 6,40,871 5,21,059 Performance Related Pay (PRP) 71,00,000 75,00,000 Bonus 9,29,542 6,16,986 Rent for employees Accommodation : Gross: 2,47,76,620 2,85,20,915 Less Recoveries 2,71,977 1,50,864 Leave Salary Encashment 3,72,57,677 4,14,47,464 Children Education Allowance 3,70,940 3,64,897 Leave Travel Concession 31,96,541 82,28,068 Gratuity 15,76,373 1,13,37,838 Employees Accident Group Insurance 3,54,056 7,89,186 P.F.Admn.Charges 9,53,221 7,23,050 Retd.Emp.Medical Scheme 65,66,169 1,18,669 T O T A L 132,66,12,945 122,81,65,412 NOTE 26 : FINANCE COSTS Interest Expense on Term Loans 6,01,33,196 5,24,30,709 Interest Expense on Overdrafts & Other Borrowings 7,50,51,006 3,85,56,570 Net Gain/Loss on foreign exchange transactions 2,52,65,533 4,07,27,875 T O T A L 16,04,49,735 13,17,15,154
NOTE 27 : ADMINISTRATIVE AND OTHER EXPENSES Rent 7,49,19,649 7,90,81,872 Rates & Taxes 9,14,49,201 7,22,69,657 Insurance 3,48,70,199 2,40,22,949 Bank & Guarantee Charges 2,64,45,255 2,49,55,013 Business Promotion 1,04,26,264 92,87,859 Agency Commission & Sponser Fee 2,99,56,337 3,21,98,892 Legal & Professional Charges 1,03,22,891 1,43,77,245 Consultancy 2,04,18,374 6,27,84,824 Electricity & Water 4,51,54,592 2,79,13,600 Telephone,Telex & Postage 2,32,46,523 2,23,86,224 Printing & Stationery 1,20,49,402 1,04,93,715 Travelling 8,88,13,405 6,78,80,521 Advertisement 46,08,279 62,77,567 Books & Periodicals 2,64,133 4,07,148 Seminar & Training 26,12,394 24,25,170 Repairs & Maintenance : - Plant & Machinery 3,70,30,217 3,29,51,445 - Building 57,24,317 51,05,110 - Others 2,34,53,642 1,93,19,538 Loss on Currency Translation (Net) 9,66,11,990 9,64,81,191 Vehicle running & Mtnc. 3,90,08,937 4,20,44,677 Misc. Expenses 1,61,87,337 3,67,82,302 Auditors remuneration : - Audit Fee 32,31,817 24,01,120 - Taxation Matter 9,35,932 7,30,913 - Others services including certification 1,40,450 1,92,510 - Reimbuersment of Expenses 91,537 1,26,473 Hiring Charges : - Machinery 11,04,34,756 5,71,01,083 - Vehicles 4,77,06,563 3,90,33,560 Provision for slow moving / obsolete stores 1,425 14,89,850 Directors sitting fees 2,00,000 2,90,000 Provision for Warranty Period Expenses 3,68,85,296 3,60,18,003 Loss on sale / scrapping of assets - 39,29,980 Bad debts/ Advances Written off 54,30,601 1,95,890 Donation 50,000 50,000 Corporate Social Responsibilities 48,19,435 43,21,199 Security & Maintenance 1,00,53,829 68,93,352 Research & Development 5,40,000 9,60,000 Sustainable Development - 8,51,596 T O T A L 91,40,94,979 84,40,32,048 NOTE 28 : TAX EXPENSE Current Tax (Including Wealth Tax) 5,20,36,730 3,23,52,074 Provision for Taxation for earlier years -9,739,785-15,913,382 Deferred Tax Charge 1,04,86,381 3,86,31,551 MAT Credit Entitlement - -14,000,000 T O T A L 5,27,83,326 4,10,70,243