emergent global edu and services limited ... emergent global edu and services limited,1 r/l...

$: EMERGENT GLOBAL EDU AND SERVICES LIMITED ... Emergent Global Edu and Services Limited,1 r/l i\U^Ct'uta (Sabina Nagpal) Company Secretary and Law Officer NOTES : (1) Explanatory Statement$
THIRTIETH ANNUAL REPORT

2012-13

EMERGENT GLOBAL EDU AND SERVICES LIMITED (formerly Emergent Energy and Services Limited)

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EMERGENT GLOBAL EDU AND SERVICES LIMITED (formerly Emergent Energy and Services Limited)

BOARD OF DIRECTORS - MR.D.K.SOMANI-CHAIRMAN MR.TARUN SOMANI MR.R.C.KHANDURI MR.ARVIND MISHRA MR.H.P.SOHN

AUDITORS - RAJENDRA K. GOEL & CO.

CHARTERED ACCOUNTANTS

NEW DELHI

BANKERS - CANARA BANK

REGISTERED - 8B, ‘SAGAR’

OFFICE 6, TILAK MARG

NEW DELHI – 110 001

(INDIA)

2 .

3

EMERGENT GLOBAL EDIJ AND SERVICES LIMITED(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)

Registered Off ice: 88, 'Sagar ' , 6, Ti lak Marg, New Delhi-110001

NOTICE

Notice is hereby given that the 30th Annual General Meet ing of the Members of Emergent GlobalEdu and ServiceJ Limited wi l l be held on Fr iday, the 27th September, 2013 at 10.30 A.M. at 88,'Sagar ' , 6 , T i lak Marg, New Delh i -110001 to t ransact the fo l lowing bus iness : -

ORDINARY BUSINESS

1. To receive, consider and adopt the Audited Balance Sheet as at 31' t March ,2013 and the Prof i t& Loss Account for the period ended on that date and the Reports of the Directors and Auditorsthereon.

To elect.a director in place of Mr H.P.Sohn, who ret i res by rotat ion, and being el ig ible, of fershimself for re-elect ion.

To elect a director in place of Mr.D.K.Somani, who ret i res by rotat ion, and being el ig ible, of fershimself for re-elect ion.

To appoint Auditors and to f ix their remuneration and for that matter to consider and if thoughtf i t , to pass, wi th or wi thout modif icat ion(s), the fol lowing resolut ion as an Ordinary Resolut ion:-

"RESOLVED that pursuant to provis ions of Sect ion 224 and other appl icable provis ions, i f any,

of the CompaniesAct, 1956, M/s Rajendra K. Goel & Co., CharteredAccountants, New Delhi be

and are hereby appointed as the Auditors of the Company, to hold of f ice from the conclusion of

this meet ing unt i l the conclusion of the next Annual General Meet ing of the Company on such

remuneration as may be fixed by the Board of Directors of the Company."

Place : New DelhiDated: 31.08,2013.

By Order of the BoardFor Emergent Global Edu and Serv ices L imi ted

,1r / l

i\U^Ct'uta(Sabina Nagpal )

Company Secretary and Law Officer

NOTES :

(1) Explanatory Statement as required u/s 173(2) of the Companies Act, 1956 is at tached,

(2) A member enti led to attend and vote at the meeting is also entit led to appoint a proxy to attend

and vote instead of himself , The proxy need not be a member of the Company. The proxy form,

signed across Re.1 revenue stamp, should reach the Company's Registered Off ice at least 48

hours before the scheduled t ime of the meet ing. A proxy form is at tached.

(3) The Register of Members of the Company wi l l remain closed from Friday, the 20th September,

2013 to Friday, the 27tn September, 2013 (both days inclusive).

(4) Shareholders are requested to not i fy the change in address, i f any, to the Company.

4 .

DIRECTORS' REPORT

TO THE MEMBERS OF EMERGENT GLOBAL EDU AND SERVICES LIMITED

your directors have pleasure in presenting their Thirt ieth annual report together with auditedstatement of accounts of the Company for the year ended 31" March, 2013.

1 . F inanc ia l Resu l ts(Rs. ln Lacs)

Turnover

Profit for the year before taxLess: Provis ion for Taxat ion

Profit after tax

Balance of profit brought forward

Bal ance Carried fonryard

2012 - 13

100.08

54.5918 .49

36.1 0

50.78

86.88

2011 -12

99 ,1 0

26.647.50

1 9 . 1 3

3 1 . 6 5

50,78

2. D iv idend

ln view of the absence of any surplus, the directors do not recommend any dividend for

the year under rePort .

3. Management Discussion and Analysis

During the period under review, the Company has changed its name consequent upon

change in the main objects of the Company'

your management is focusing i ts at tent ion on the Educat ion Sector, for which a

competent team of professionals is being set up. The Company also intends to provide

Education Support Services to various Companies in education sector.

To expand the business of the Company, the Company's subsidiary which is already in

the education sector has entered into a long term agreement with a World renowned

Educat ion Company in terms of which the students would complete their Foundat ion

courses in lndia and on successful complet ion of the foundat ion courses, the students wi l l

be of fered admissions to their choice of programmes in the var ious Universi t ies abroad.

4. Directors

Mr.H.p.Sohn and Mr.D,K.Somani, Directors who ret i re by rotat ion at the ensuing Annual

General Meeting being eligible have offered themselves for re-appointment.

5. Corporate Governance

The shares of the company are risted on Boinbay stock Exchange. The report on

corporate governance as required under the Listing Agreement forms part of this Annual

Report.

A certif icate of the practicing company secretary regarding compliance of clause 49 of

the Listing Agreement is annexed to the Directors Repoft '

Directors' Responsibil i ty Statement

pursuant to section 21 7(2M) of the companies Act, 1956 as amended, the directors

confirm that:

i ) in the preparat ion of the annuar accounts for the year ended 31' t March' 2013' the.t

applicab|e accounting standards have been fo||owed;

i i) appropriate accounting poricies have been serected and applied consistently and

judgments and estimates made that are reasonable and prudent so as to give a true and

fair view of the state of affairs of the company ri tn" end of the financial ylar ended 31"

March 2O1g and of the profit for the year ended on that date;

i i i) proper and sufficient care has been taken for the maintenance of adequate accounting

records in accordance with the provisions of the companies Act, 1956 for safeguarding

the assets of the company and for pr"u"niing and detecting fraud and other irregularit ies;

iv) the annuar accounts for year ended 31' tMarch,2013, have been prepared on a going

concern basis'

Fixed DePosits

The company has neither accepted nor invited any deposits from the public as

contemplated unoer Section saA dt the companies Aci 1956 read with the companies

(Acceptan." oi Oeposits) Rules, 1g75, during the year under the review'

conservat ion of Energy, Technorogy Absorpt ion, Foreign Exchange Earnings and

Outgo

lnformation as required under section 217(1)(e) of the companies Act,,1956' read with Rule

2 of the companies (Discrosure of particutars in the report of Board of Directors) Rules'

lgg8 rerating to conservation of e n"rgy, Technorogy Absorption, is not furnished as the said

Sect ion is not appl icable to the Company'

6 .

7 .

8 .

The detai ls of Foreign Exchange Earnings and Outgo are as under:-(Rs In Lacs)

Foreign Exchange Earnings:

Foreign Exchange Outgo

2011-12

N i l

0 .07

their sincere appreciation of the co-operation and

employees, Government Authorit ies and Bankers'

2012-13

Ni l

0 .73

9. Particulars of EmPloYees

The Company does not have any employee whose particulars are required to be disclosed

under section 217 (2A) of the companiei Act, 1956 read with the companies (Particulars of

Employees) Rules, 1975.

10. Acknowledgements

Your directors would like to expressassistance received from shareholders,

(Chairman)

Place : New DelhiDate ' 27.05.2013

of the Board of Directors

DEf,endra Kumar Somani

REPORT ON CORPORATE GOVERNANCE

The report on corporate governance as required under the Listing Agreement is as under:-

a. The Company and the management adhere to the pol icy of t ransparent and ethical

corporate governance and aims to achieve higher levels of transparency and ethicalgovernance.

b. BOARD OF DIRECTORS

The Board of Directors comprises of Five directors of which two are promoter directors,

three directors are non-executive Independent Directors.

During the per iod under review, 5 Board Meet ings were held on May 22,2012, August

13, i } lz, November 12, 2012, January 10, 2013 and February 12, 2013. The

composition of the Board of Directors and attendance of the directors at the Board

meeiings during the period and at the last Annual General Meeting as also number of

other directorship in Indian Public Limited Companies are as follows:

Name of Director Attendanceat last AGM

No. otIBoardlmeetingslattended

Category oldirectors ?l!f{,",'r'"1Other

BoardsCommitfeesmembers

Mr. D. K.Somani Yes 5 PG 3 Nir

Mr.Tarun Somani Yes 5 PG 2 Nil

Mr.Arvind Mishra Yes 5 ID/NED Nil Nil

Mr. R. C. Khanduri Yes 5 ID/NED Nil Nil

M r. H. P. Sohn Yes IL ID/NED Nit Nil

Mr,Neeraj Goenka. F 3 ID/NED Nil

*Mr.Neeraj Goenka resigned2012

PG - Promoter GrouP lD

from the Directorship of the Company on December 20,

- lndependent Director NED- Non-Executive Director

c . AUDIT COMMITTEE

The Audit Committee comprises of Mr.R.C.Khanduri , Mr.Arvind Mishra and,

Mr.H.p.Sohn, Directors of the Company and Ms.Sabina Nagpal, Company Secretary

and Law Officer is the Secretary to the Conunittee. Mr.R.C.Khanduri is the Chairman

of the Audit Committee. The role and powers of the Audit Committee are as laid

down under the relevant clauses of the Listing Agreement and Section 292( ) of the

Companies Act, 1956.

During the period under review, 4 Audit Committee Meetings were held on May 22,

2012, August 13, 2012, November 1 2, 2012 and February 12, 2013. The attendance

at the Audit Committee Meetings is as under:

*Mr.Neeraj Goenka resigned from the Directorship of the Company on December

20 ,2012

*"Consequent upon resignat ion of Mr.Neeraj Goenka, Mr.R.C.Khanduri was

appointed as the Chairman of the Audit Committee'

d. REMUNERATION OF DIRECTORS

e.

presently the Directors are not being paid any remuneration by the Company.

SHAREHOLDERS/I NVESTO RS GRIEVANCE COMM ITTEE

The Shareholdersilnvestors Grievance Committee has been constituted to look into the

redressal of investors 'gr ievances. The Committee comprises of Mr.R.C.Khanduri ,

Mr.Arvind Mishra, and Mr.H.P.Sohn, Directors of the Company.

Ms.Sabina Nagpal is designated as the Compliance Officer to oversee the investors'

grievances. Oulring the period under review, the Company did not receive any investor

Iomplaint. No trJnsfer' application was pending for registration of transfer as on

31 .3 .2013 .

GENERAL BODY MEETINGS

The last three Annual General Meetings of the company were held as under:

f.

No. of meetings attendedName of Director

Mr.Neeraj Goenka.

Mr. R.C. Khanduri**

Mr.Arvind Mishra

Mr. H. P.Sohn

Financial Year

27 -09-2012011-2012 BB, 'Sagar ' , 6 , T i lak Marg, NDe lh i -110 001

2010-2011 27 -09-2011 1 0 .30 a . m . 88, 'Sagar ' , 6 , T i lak Marg, NDe lh i -110 001

2009-2010 28-09-2010 10 .30 a .m . 347 A, Panchratna, Opera House,Mumbai

At the Annual General Meet ing of the Company held in the last three years no specialresolution was passed.

During the period under review, the special resolution(s) for Alteration in the objects of thecompany and Change in the name of the Company were put through postal ballot, which werepassed with requisite majority. Mr.Sanjay Kumar, Partner of M/s Naveen Gupta & Associates,Company Secretaries, Delhi was appointed as the Scrutinizer for conducting the Postal Ballot.

g . DISCLOSURES

i. fhere are no materially signif icant transactions with the related parties viz.Promoters, Directors, Senior Management, their Subsidiaries or relatives confl ictingwith Company's interest at large.

i i . No penalties or strictures have been imposed on the Company by Stock Exchangeor SEBI or any statutory authority on any matter related to capital markets during lastthree years.

i i i . Al l the Board members and Senior Management personnel have aff i rmedcompl iance with the code of conduct.

h . MEANS OF COMMUNICATION

The quarter ly, hal f year ly and year ly f inancial resul ts of the Company are sent to theStock Exchanges immediately after they are approved by the Board. These are alsonormal ly publ ished in the Financial Express (Engl ish edi t ion) and Jansatta (Hindi edi t ion)newspapers. The presentation as to the Company's performance etc. are made to theInstitutional investors/Financial analysts as and when considered necessary. TheManagement discussion and analysis report forms part of the annual report .

i . GENERALSHAREHOLDERSINFORMATION

Tentat ive Financial Calendar:

Audited Accounts (20 12-2013)'. 27 .5.2013

First quarter results: Towards mid August '13, Half yearly results: Towards mid Nov. '13,Third quarter results: Towards mid Feb.'14, Fourth quarter results: Towards mid May'14

. Book Closure Dates: Fr iday, 20th September to Fr iday,2Th September, 2013.

. Dividend Payment Date: Not Appl icable

. Listing on Stock Exchanges and Stock iod"r. The shares of the Company are l isted onBombay Stock Exchange Limited and the stock code is 506180.

. Market Price Data:The details of High & Low market price of the shares at The Bombay Stock ExchangeLimited, Mumbai are as fol lows:

Month

Quotation at Bombay Stock ExchangeLimited

High

(Rs./

Low

(RsJ

\pri l 2012 |147

10 41 .95

vlay 2012[aa

os 48.00

June 2012 56.00 49.90

Ju ly 2012 65.40 5 7 . 1 0

\ugust 2012 73.50 66,70

September 2012 7 6.40 7 4 .95

)ctober 2012 8 1 . 0 0 76.55

\ovember 2012 82.70 79.50

Jecember 2012 93.00 82.70

January 2013 93.00 93.00

ebruary 2013 98 .60 94.85

-Vlarch 2013 I1102.00

l l100.00

. Registrar and Transfer Agents: M/s. RCMC Share Registry (Pv't.) Ltd , B-106, Sector-2,NOIDA-201301 .

. Share Transfer System: The Board of Directors of the Company has delegated the power ofshare transfer to a Sub-Committee on share transfer, which generally meets twice a monthwith a view to effect the transfer of shares expeditiously.

. Distr ibut ion of ShareholdingThe distr ibut ion of shareholding as on 3'1 .03.2013 is given below.

r Shareholding Pattern as on 31.3.2013:

/Vo. of EquityShares

No. olShareholders

%oage olShareholders

No. of Sharesheld

%oage olsh areholding

Jpto - 500 52 36.67 4645 1 . 1 0

r01 - 1000 / 2.56 1210 0.03

001 - 2000 4 5 . 1 3 5695 0 . 1 2

001 - 3000 3 3.85 77 50 J . 1 7

]001 - 4000 0 0 0 0

001 - 5000 1 1 . 2 8 4050 0 0 9

'001 - 10000 1 1 . 2 8 8000 0 1 8 I0001 & Above 1 5 19.23 4537650 99 .31

TOTAL 78 )ooo I4569000 100.00

Sr. /Vo. Category No. of Shares %age olholding

I Promoters 33.73.600 73 83

2 . Financial Inst i tut ions, Banks & Mutual Funds 3.00 0,00

3 Private Corporate Bodies 9 ,04 ,11 I 19.79

4 . NRls/OCB's 0.00 0.00

5 . Ind ian Pub l i c 2.91.281 3.38

TOTAL 45,69,000 1 0 0

o Demater ial isat ion of Shares and Liquidi ty:

The Company's shares are ful ly avai lable for t rading in the deposi tory systems of both NSDLand CDSL. As on 31 .3.2013,45,68,900 equity shares of the Company i .e 99.99% of equi tycapital has already come under the electronic form

. Internat ional Securi ty ldent i f icat ion No.:

NSDL and CDSL : I N E 6 6 8 1 0 1 0 1 3

. Outstanding GDR/ADR //ARRANTS or any convertible instruments, conversion date &impact on equity: Ni l

. Address for Correspondence-

88, 'Sagar ' , 6 , T i lak Marg, New Delh i -1 10001

j. Directors being re-appointed

Mr.H.P.Sohn

Mr.H.P.Sohn is a professional having more than 40 years of varied experience in internationalsteel trade industry. He was the Director of one of the Companies of ThyssenKrupp Group formore than 30 years. ThyssenKrupp is a German multinational conglomerate basedin Essen, Germany and is one of the world's largest steel producers.

He does not hold any shares in the company, and is not related to any director of the company,

Mr.D.K.Somani

Mr.D,K.Somani has done M A. in Economics from Agra Universi ty and has cumulat iveexperience of over 60 years in various industries such as Steel, Power, Engineering &Technology, Oi l & Energy. He has been instrumental in sett ing up Joint Venture with worldrenowned Steel making Company.

He also promoted'Somani Kuttner ( lndia) Pvt. Ltd ' as jo int venture with 'Kuttner GMBH ofGermany which is engaged in engineering, technology, equipment & consultancy for steelindustry including coal in ject ion, Cupola furnaces, High Lines of Blast furnace & chargingsystem of steel melting shop.

He is the Promoter of the company and holds 90350 equity shares in the company.

(Chairman)

Place : New DelhiDate ' . 27.05.2013

6-ndra Kumar Somani

'%-r>,** ai/{,9,"1 gpp ".CHARTEREDACCOUNTANT:

Off. | 2958164223555354

Tetefax : 29555036e-maii : [email protected]

J.288; GROUND FLOOR.snrer, ruEw oerHr_.t.tob.t z

.INDIPENDENT AUDITOR'S REPORT'

The Members ofEMERGENT GLOBALAND EDU SERVICES LIMITED(Fom€rly Emergent Energy and Services Limit€il)NEW DELHI

Report on the tr'inancial Statements

we have audited the accompanying financiar statements ofM/s. EMERGENT GLoBALAND EDU

:f *T:""-.":I'III:_t^DJF^ormertyEMERGenrenenevatosenvrcesLrMrrED),. whrch compflse the Balance Sheet as at March 31, 2013, and the Statement ofproittatrd Loss and Cash Flow Statenent for the year then ended, and a summa.y oi.ignii"^n u""o*ongpolicies and orher e\planaroD intonnalion.

Manag€metrt,s Respotrsibility for the Financial Slatements

Mrrnagement is responsibre for the preparation oftlese financiar statements that give a true and lair viewof tbe financial position, -financial

periormance and cash flows of the Compan;lln accorclance with theAccolnting Standards refened to iu sub-secrion ljC.l.ofseoion Ztt of tle'Co'mfanies acL 1956 (;;;Act"). This responsibilif includes the design, implementation una n'alnt"nani" ot ilrternal cont olrelevant-to the preparation and presentation oithe financiat statements arul giu;-;;" una rai. ui"* unaare liee from matedal misstatement, whether due to fraud or error

Auditor's Responsibiliry

our, responsibility. is to express an opinion on these financial statements based on our audit. weconoucred olrr audrt m accordance with the standards on Auditing issued by the Institute of chateredAccountants of India. Those Stardards require that_ we cornply with ethical requirements and plan andperform the audit to obtain rcasonable assurance about wheiher the financial s'tatements a.e fi,ee frommaterial misstatement.

AD audit involves peforming procedures to obtain audit evidence about the amounts and disclosures inthe financial- slatements. Th€ procedures seiect€d depend on Ar" uuait_," ;uJgrrent, tncluding theassessment ofthe risks ofmateriar misstat€ment oftrre financiar statements, wheiher due to fiaud o. eno..In making those risk assessnents, the auditor considers internal control relevant to the Company,spreparation and fair presentation of the financiil statements in order to dcsign aLJit proceoures ttrat areappropriate in the circumstances. An audit also inclLdes e\,aluating the upirofiiut"i"", of accountingpolicies used and the reasonableness ofthe accounrirg .rr,-"t*",""d. 'i; ;;;;ement, as wel asevaiuating the overall presentation ofthe financial statem;nts. we uetieve thaittre a,,ait evidence we haveobtained is sufficient and appropriate io provide a basis for our a dit oDinior.

'%,"p.a*e7d $,"1E?p".

PLACE: NEW DELHIDATED: 27.05.2013

CONTINUATION SHEET,...

Opinion

In our opinion and to the best of our i

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i *i i1l":j'ii,li"ll"i1i'iflzli:,l."ig;,e;t, *" *n",t,,"t,were necessary for the pu.po". orou.

"uai'rtf "tplanations

which to the best of our knowledge and belief

i;i#i!:H:1iJ^:iilj:""f:tT,:::"#X-t'eq'ired bv raw have been kept bv rhe companv so rar as

;;JT iXi:"T:,iTii, irTtn"#;#:""ifil toss' and cash Frow statement dearr with by rhis Report0. rn our opinion. rhe Bala|lce Sheet. Slatel

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record by rhe e*rd "r

oi,."l"r,, i""" :i:l: "f: ',ot dre.dirccto^ as on \4arch J l. 2011. and raken on

uppo;nt"a o, u Ji"-"t.,;;#'""'"'i";;'"";;,if::[:::,,9.i."'ii]'ff.,:"?ly;;":;,lfS:*ffiili:f Since the Cenral Covernmenr has nor issued anv nnrifi.,,;^- --.^ _L^ ,

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q ro be pard. no cess i5 dr. una pnyuur. uy rif t:fi:d";*,."Ior RAJFNDRA K. COIL & CO.CIiARTE REDACCOL]NTANTSFRN No- 001457N

(M. No.6154)

q,yb^./'-a7{ E'/8V". CONTINUATION SHEET,....

ANNEXTIRE TO THE AUDITOR'S RXPORT

The Annexure refered to in our report to the mernbers oftrts Emergent Global Edu and ServicesLimited. for the year ended 31" March, 2013. We report that I

(i) SiDce the compary does not own any fixed assets, the clause relating to maintenance of properrecords, physical verification and valuation offixed assets are not aDolicable_

(iD The company is earning consultancy income hence paragraph 4ii(a),ii(b) &ii(c) rclated toinventory, are not applicable.

(iii) (a) The Corrpany has granled unsecured ioan to a Company covered in the register maintained underSection 301 ofthe Companies Act, 1956 or to 370(18) ofthe Companies Act, 1956. Outstandingbalance of which as on 31.03.2013 \'r'as 12.04 Crores. (Ma-ximum amount outstanding dudng theyear was Rs. 12.75 Crores)

(b) In our opiniou and according to the infomation and explanations given to us fhe terms andconditions of loan given to the person l;sted in the register maintained under Section 3Ol oftheCompaDies Act, 1956 are not prima-facie prejudicial to the interest ofthe Company.

(c) The pdncipal amount and intercst wherever applicable ther€on in respect of loan anayor advancesin the nature ofloans givento the company are being paid as stipulated.

(d) There are no overdue amounts ofrnore than Rs.l lakh in respect ofthe loans granted to the bodiescorporate listed iD the register maintained under Section 3 0 1 of the Companies Acl I 95 6.

(e) The Company has not taken aDy loans, secured or unsecured from Cornpanies, firm or otherparties covered in the register maintain€d under Section 301 of the Companies Act. 1956.Accordingly, paragmphs 4(iiixe) to 4(iiixg) of the order are not applicable.

(iv) In our opinion and according to the information and explanations given to usJ there arc adequateintornal control procedures commensurate with the size of the Company and the nature of itsbusiness with regard to prccuremeDt ofservices and lxed assets and for rendering ofservices.

(v) (a) According to the information and explanntions giveD by the manngement, we repott ihat thecompany has not entered into slLch transaction during the year which needs to be entered into theregister maintained under section 3 0 I of the Companies Aci I 95 6.

(b) The Company has not ent€red into transaction relating to services in excess of Rs. 5,00,000/- invalue for each firm/to firms in which some ofthe DirectoN are iDterested as listed in the resisternaintained under Section 301 ofthe Conpanies Act, 1956.

(vi) The Con'rpany has rot invited any deposits from public and as such provisions of Section 58Aand58AA of&e Companies Act, i956 are not applicable,

(vii) The Company has an internal audit system which commensurate with size and nature of itsbusiness.

(viii) Maintenance ofthe cost record has not beeD prescribed by the Central Govemment under Section209(l) (d) ofthe Compani€s Act, 1956.

(ix) (a) According to jnformation and the expianation given to us and the rocords of the companyexamined by us, in our opiiioD undisputed statutory dues including Providedt Fund andEmployees'State Insurance, Income-Tax, Custom Duty, Excise Duty, Cess and any otherstatutory dues, if applicable, have been regularly deposited by the company, rvith tbe appropriareauthorities. Ther€ are no undisputed stalutory dues which have remain€d outstanding as on 31st

March 2013, fbr a per;od ofmore than six noDths from the date they became payable.

'%;*a*a7{. $,"tE%. CONTINUATION SHEET,,..,

(b) AccordiDg to the.ecords ofthe conpany and the information and explanatton given to us, nodisputed amounts in respect of IDcome tax, sales tax, wealth tax, custom duty and excise dutywere outstanding as at 3 i.' March 20i 3.

(x) The company has no accumulated rosses and it has not incuned cash rosses in the financial yearended on that date.

(xi) Based on our examination of documents and records and according to the infbrmation andexplanations given to us the conrpany has not defaulte; rJ "p"G.i "r

dues of financialinstitutions and banks.

(xii) Based on our examination of (

expranations siveD to us, the "";:"#flJ',"1"1;?:'i:r"*":Tfi11-",1"i"i:T:ti':.,fl1secuity by way ofpledge ofshares, debentures and other securities.

(xiii) The company is not a chit fund or nidhi/mutual berefit fiu1d /society. Thercfore, the provisions ofclause 4(xiii) ofcompanies (Auditors' report) O.a*, zOO+ *" ."i"'ppii""i-f'" t the company.

(xiv) The.compaDy is not dealing in or trading in shares, securities, debentures or other inveshlentsand hence the requirements of paragraph 4(xiv) are not applicable to the comia,ry

(xv) According to the information and explanations given to us the company nas not gNen anyguarantee fbr loans taken by others lrom banls or financial institutions. ' "

(xvi) The company has not obtained loan during the year and applied the same for the purpose it wastaken.

(xvii) As per the ir)formation_ aDd explanations provided to us no short-term fu.ds mrsed and used fortong-refl n purposes aDd v,ce_versa.

(xviii) According to the information and explanation giveD to us, the company has not made prefbrentialal^lotment of shares to parties and companies covered in the registei rnaintained unoer.section 301ofthe Conrpanies Act 1956.

(xix) According to the infomation and explanations given to us and the records examined by us nodebentures have been issued du.ing the year.

The company has not raised public issue during the year.

To the_best of our knowledge and b€lief and according to information and explanation grven rous, no frald on or by the company has been noticed or reported during the cours.'e of oui audit.

(xr(.)

lxxll

For RAJENDRA K. GOEL & CO.CIiARIEREDACCOIJNTANTS.FRN No- 001457N

(M. No. 6l

DATED:27.05.2013

EMERGENT GLOBAL EDU AND SERVICES LIMITED

(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)BALANCE SHEET AS AT MARCH 3I. 2013

PARTICULARS NOTE NO. AS AT31.03.2013

AS AT31.03.2012

II

EQUITY & LIABILITIESSHAREHOLDER'S FUNDS- SHARE CAPITAL- RESERVES & SURPLUS

CURRENT LIABILITIES- OTHER CURRENT LIABILINES- SHORT TERI\4 PROVISIONS

TOTAL(1+2):-

1

2

3

4

4,56,90,OOO9,34,9O,4O9

4,56,90,000a,98,BO,422

a3t97,aOt4O9

8,92,04426,10/000

L3,ss,7Ot422

6,50,89112,30,000

35,O2,O44 1A,AO,A91

L4,26,42,453 L3,74.51.3L3III

2

ASSETSNON-CURRENT ASSETS- NON.CURRENT INVESTMENTS- DEFERRED TAX ASSETS (NET)- LONG TERI\4 LOANS & ADVANCES

CURRENT ASSETS- CASH & CASH EQUIVALENTS- SHORT TERI.4 LOANS & ADVANCES- OTHER CURRENT ASSETS

TOTAL(1+2):-

5

6

lB

9

33,00,0007 111

12,00,00,000

33,00,000rL,143

12,00,00,000

t2t33tO7,Ltl

1 ,62 ,83 ,4_63

30,91,879

12,3rLt,L43

1,24,57 ,9656,450

76,7 5,7 55

r,93,75,342 t,4t,4otL7O

14,26,42.4s3 t3,74,51,313SIGNIFICA.NT ACCOUNTING POLICIES & NOTESON ACCOUNTS

I4

FOR AND ON BEHALF OF THEAS PER OUR REPORT OF EVEN DATE ATTACHED Bo^RD /

/( las-s4*. ")<"o*ffiDIRECTOR

FOR RAJENDRA K. GOEL & CO

CHARTERED ACCOUNTANTSFRN No- 001457N

.{M^.COMPANY SECRETARY

& LAW OFFICER

PLACE:DATED

NEW DELHI27-O5-2013

^..-c:PARTNERM.NO.6154

EMERGENT GLOBAL EDU AND SERVICES LIMITED(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)

PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED MARCH 31. 2013

PARTICULARS NOTE NO,FOR THE YEAR

ENDED31.O3.2013

FOR THE YEARENDED

31.O3.2012

IIIIIIIV

VI

VII

VIIIIXx

XII

XIII

XI

xrv

XVXVI

REVENUE FROIY OPEMTIONOTHER INCOI'1E

TOTAL REVENUE ( I+ II )EXPENSESI

- EN4PLOYEE BENEFITS EXPENSE

- OTHER EXPENSES

- PAYI\4ENT TO AUDITORS

TOTAL EXPENSES

PROFIT BEFORE EXCEPTIONAL ANDEXTMORDINARY ITEI4S AND TAX ( III - I. /EXCEPT]ONAL iTEIYS

PROFIT BEFORE EXTRAORDINARY ]TEMS ANDTAX(V-VI)EXTRAORDINARY ITEIYS

PROFIT BEFORE TAX ( VII - VIII )TAX EXPENSE

- CURRENT TAX

- EARLIER YEAR TAX

- DEFERRED TAX

TOTAL TAX EXPENSES

PROFIT FOR THE PERIOD FROI4 CONTINUINGOPEMTION(IX-X)PROFIT/(LOSS) FROM DISCONTINUINGOPERATION

TAX EXPENSE OF DISCONTINUING OPEMTIONS

PROFIT/(LOSS) FROM DISCONTINUINGOPERATION (AFTER TAX) (XII-XIII)PROFTT/(LOSS) FOR THE PERIOD (Xr+XIv)EARNINGS PER EQUITY SHARE:

BASIC

- DILUTED

10

11

t213

6,00,000

94,O7,4925,00,000

89,10,418L,OO,O7 ta92 94,tO,4'.A

26,78,522

14,22,546

48,315

17,a6,a7a49,11,705

44,37545,49,343 67 '46.A9A

54,58,509

54,58,509

54,54,5O9

18,50,000(15,510)

4,03.2

26,63,520

26,63,520

26,63,s2O

7,50,000

49914,44,522 7,5(),499

36,O9,947

36,O9,947

o.79

o.79

19,13,027

r9,t3,o2L

o.42

o.42

L4SIGNIFICANT ACCOUNTING POLICIES & NOTES ONACCOUNTS

AS PER OUR REPORT OF EVEN DATE ATTACHED AND ON

FOR FTAJENDRA K. GOEL & CO

CHARTERED ACCOUNTANTS

FRN No- 001457N

PARTNERM,NO.5154

PLACE : NEW DELHIDATED : 27-O5-2O13

COMPANY SECRETARY

& LAW OFFICER


CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2013AS PER ACCOUNTING STANDERED-3 ISSUED BY ICAI

s.NO,

PARTICULARSFOR THE YEAR

ENDED31.O3,2013

FOR THE YEARENDED

31.O3.2012

B.

Cash Flow from Operating ActivitiesNet Profit/Loss Before Tax and Extra Ordinary ltemsLess: Interest & Other IncomeOperating Loss before Working Capital ChangesAdjustments ForIncrease/Decrease in Trade and Other ReceivablesIncrease/Decrease in Trade PayablesCash Generated /Lost from OperationsLess: Taxes PaidNet Cash Flow from Operating Activities

Cash Flow from Investing ActivitiesLoa n to Subsidiary CompanyInterest ReceivedPurchases of 14utuai FundDividend ReceivedSale of l4utual FundInvestment in Equity Shares of Indo Education p LtdNet Cash Flow from Investing Activities

Cash Flow from Financing ActivitiesIssue of Equity Shares with PremlumNet Cash Flow from Financing Activities

Net Increase/Decrease In Cash & Cash EquivalentOpening Cash & Cash EquivalentClosing Cash & Cash Equivalent

54.58,509(94,O1 ,a92\

26,63,520(89,10,418)

(39,49,383)

6,4502,47,153

(62,46,89a)

28.20,598(8,51,028)

(37 tO1,,7eO)(10,00,791)

(42,77 t32e)r9.97.595)

85,28,069

(47,O2ts7L) (52,74,923 )

(31,00.000)I,O1,74,252(14,0r,7 58)

3,O1,75880,16,405

45,28,O69 rt39,9O,657

34125,49a1,24,57t965L62.43,463

87,L5,73437,42,23.J

4t24,57,965

FOR RAJENDRA K. GOEL & COCHARTERED ACCOUNTANTSFRN No- OO1457N

M.NO.6154

PLACE : NEW DELHIDATED : 27-O5-2013

AS PER OUR REPORT OF EVEN DATE ATTACHED AND ON

IK.GIARTN SABINA NAGPAL

COMPANY SECRETARY& LAW OFFICER

EMERGENT GLOBAL EDU AND SERVICES LIMIYED

(FORMERLY EMERGENI ENERGYAND SERVICES LTMIIED)NOTES FORMING PART OFTHE BALANCE SHEET

AS AT 31.03.2013 as AT 31.03.2012NOTE NO- 1

SHARE CAPITALAUTHORISED:2/OO,OO,OOO EQIJITY SHARES (PREVIOIJS YEAR 2,OO,OO,OOO EQUITY SHARES)

ISSUED, SUBSCRIBED & PAID UP:45169/000 EQUITy SHARES (PREVIOUS YEAR 45,69/000 EQUITY SHARES) OFRS- 10/ EACH

20,00,0o,000.o0 20,00,o0,000,o0

4,56,9O,000 4,56,90,00O

Recon.iliation orthe shares outstanding atthe besinning and at the end ofthe periodEQUIW SHARES AT RS. IO EACHSHARES OUTSTANDING ATTHE BEGINNING OFTHE YEARSI]ARES ISSUED DURING THE YEAR

SHARES BOUGHT BACK DURING THE YEARANY OTHER MOVEIV]ENT (PLEASE SPECIFY)SHARES OUTSTANDING ATTHE END OFTHE YEAR

45/69,000 45,69,000

45,69,000 45,69,000

petail olshareholders holding more than 5olo shares in the companyas aT 31.03.2013 aT 31.03.2012

NAME OF SHAREHOLDERS

holding in the.lassM/S INDO POWERTECH LII.,IITED

I.I/S UNI COKE PRIVATE LIIIITEDII4IS ALPS VYAPAR PRIVATE LIIITED

I,1R. SHYAI4 BAGRI

T4lS YORK FiNANCIAL SERVICES PRIVATE UMFED

16,50;000 / 36.119oL3,05,0A0 / 2a,56 a/a

5,22,50A / 11,44 Va

16,50,000 / 36.11 o/d

13,05,0007 28.56 o/o

5,22,500 | 1L.44 o/o

5,22,504 | 1L.44 a/o

Terms/riqhts attached to equiw sh.res

ctass of Equirl shat6, Pat value, vote pet sharc, dividend prcpaed, DjsttibLtjh at the ine af tiauilaLjon af @.

The company has only one cldss of equity shares having a par vatle of F{s.10 per share, Each hotder of ecuitv shares isentitled to one vote per share. The company d€clares and pays dividend in rndian rupees,

In the event of liquidation ofthe company, the hotdere ofequity shares wi be entiued to .eceive remainjng assets olthecompany, after distribution of a I preierentialamounts. The distribution witl be in proportion to the number oiequity shar€sheld by the sharchotdeB,

NO'E NO- 2RESERVES &SURPLUS

CAPITAL RESERVES

- SECURITIES PREMIUI4 RESERVE

SURPIUS/(DEFICIT) IN THE STATEMENT OF PROFIT & LOSSBALANCE AS PER THE LAST FINANCTAL STATEI'I ENTS

PROF]T FOR THE YEAR

NEI SURPLUS IN THE STATEMENTOF PROFIT & LOSS

RESERVES & SURPIUS

NOTE O- 3OTHER CURRENT LIABILIfIES

DUTIES & TAXES PAYAALE

' EXPENSES PAYABLE. OTHER LIABIUTIES

NOTE NO- 4SHORT TERM PROVISIONS

2,0003,48,00,000

50,74,422

2,0004r44,00,000

3r,65,407L9,13,021

a,9a,aot422

98,3067,93,734

3,51,4732199,418

26l10,000

EMERGENT GLOBAI. EDU AND SERVICES LIMITED(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)

NOTES FORMING PART OF THE BALANCE SHEETPARTICULARS as AT 31.03.2013 as aT 3r.03_2012NOTE NO- 5NON-CURRENT INVESTMENTSUN QUOTED - NON TRADEINVESTMENTS IN SHARES

2/75lOOO (PREVIOUS YEAR 2,75,000) EQUITY SHARES OF INDO EDUCATIONPRIVATE LIMITED BEING A IOOO/O SUBSID1ARY COI'IPANY

TOTAL UN QUOTED INVESTMENTS

TOTAL NON-CURRENT INVESTMENTS

I.ONG TERM LOANS & ADVANCESLOANS AND ADVANCESTO RELATED PARTIES

iUNSECIJRED, CONSIDERED GOOD)

LOAN TO INDO EDUCATION PVT. LTD. (SUBSIDIARY COIVIPANY)

NOTE NO- 7CASH & CASH EQUIVALENTS

- BALANCE WITH BANKlN CURRENT ACCOUNT

- CASH ON HAND

FOREIGN CURRENCY IN HAND- OTHER BANK BALANCE

IN FIXED DEPOSTTS (I4ORE THAN 3 MONTHS & LESS THAN 12 T4ONTHS)

IN FIXED DEPOSITS (MORE IHAN 12 MONTHS)

NOTE NO- 8SHORIIERM LOANS & ADVANCES(UNSECURED, CONSIDERED GOOD)

ADVANCES RECOVEMBLE IN CASH OR IN KIND OR FOR VALUE TO BERECEIVED

- LOANS & ADVANCES

NOTE NO- 9OTHERCURRENT ASSETS

- INTEREST RECEIVABLE

'ADVANCE TAX INCLUDING TDS

33r00,000 33,00,000

33,OO,000 33,OO,00O

33,OO,000 33,OO,000

12,00,00,00o 12,00,00,000

12,00,00,ooo 12,OO,00,O00

45,42,37220,15110,940

92,50,00025,oo,ooo

19,02,196

227

30,00,00075,oo,ooo

1,62,83,463 1124,571965

6,450

6,45O

11,80,22319,11,656

3,00,400

30,91,479 16,75,755

ffiw

EMERGENT GLOBAL EDU I\ND SERVICES LIMITED

(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)NOTES FORMING PART OF THE PROFIT AND LOSS STATEMENT

PARTICULARSFORTHE YEAR

ENDED31,O3.2013

FOR THE YEARENDED

31,O3.2012NOTE NO- 10OTHER INCOME

- INTEREST ON FIXED DEPOSIT(TDS ON INTEREST RS. 1,0O,791/-26,s18/-)

- INTEREST ON LOAN

(TDS ON TNTEREST RS. a,40,000/-4,34,347 r)

- DIVIDEND INCO14E

NOTE NO- 11EMPLOYEE BENEFITS EXPENSE

- SALARIES & ALLOWANCES

' OTHER BENEFITS

- STAFF WELFARE

PREVIOUS YEAR RS,

PREVIOUS YEAR RS.

NOTE NO- 12OTHER EXPENSES

- RENT CHARGES

- TMVELING EXPENSES

- LEGAL & PROFESSIONAL CHARGES

- FILLING FEES

- LISTING FEES_ BUSINESS PROMOTION EXPENSES

' CONVEYANCE EXPENSES

- POSTAGE & COURIER EXPENSES

- NET LOSS ON FOREIGN CURRENCY TRANSACTION

- TELEPHONE & INTERNET EXPENSES

- ELECTRICITY EXPENSES

- REPAIRS & IYAINTENANCE

- DONATION

- ADVERTISEN4ENI EXPENSES

- 14ISCELLANEOUS EXPENSES

- PRINTiNG & STATIONARY

BANK CHARGES

NOTE NO- 13PAYMENT TO AUDITORS

- STATUTORY AUDIT FEES

rD,o7 ,492

84,00.000

2,65.186

43,43 474

3,01,758

94.07.492 49.10,414

22,59,4794,77 ,435

1.208

16,50,852

L34,4761,150

26,74.s22 17,a6.a7a

67,416t,61,4Or8,88,054

4,964

1.611495

9,26010,492

5,00,0001,20,270

12,574f16

60,0004,75,056

35,36,6044,42O

rr,254

437

6,B76I,499

23,016

1,O8,5726,34,568

6,169634

L4.22,546 49,!1.705

48.315 44,315

_$[-Gr

EMERGENT GLOBAL EDU AND SER\,ICES LIMITED(FORMERI,Y DMERGENT ENERGY AND SERVICES LIMITED)

Notes Forming Paft ofThe Balance Sheet and Profit & Loss Statement

Note No. - 14

A. SIGNIFICANT ACCOI'NTING POLICIES.

l4.l SystemofAccounting

The company generally follows the accrual basis of accounting both as to income andexpendituo except those with significant uncefiainties.

14.2 Method of Accounting

Assets and liabilities are recorded at histodcal cost. Thgsc cosls are no1 adjusted to reflect thechanging value in the purchasing power of money.

14.3 RevenueRecognition

Services Income is recognized when service render to customer. Interest income is recognizedon accrual basis

14.4 Fixed Assets

a) Fixed assets arc stated at cost of acquisition and subsequent improvement thereto,including taxes, duties, freight ard other incidental expenses rclated to acquisition andinstallation.

b) Fixed Assets are stated at cost less depreciation. Depreciation is provided on the writtendown value at the rates and in the mamer specified in Schedule XIV ol the CompaniesAct, 1956

14,5 ForeignCurrencyTransactions

Tnnsactio[s denominated in foreign curency are normally recorded at the exchange ratesp.evalent on the date of the transaction. A11 monelary items denominated if foreign currencyrcmaining outstanding at the end of th€ year are tanslated at prevailing exchange rate on theBalance Sheet date and loss/gain if any is appropriately recognized as revenue charge/income.

14.6 Investments

Investments are considered at cost unless there is a pemanenl decline in value thereon, inwhich case, adequate provision is made there against it in the accormts.

14.1 Sundry Debtors

Sundry debtors are staled after making adequate provision {br doubtArl debts, if any.

14.8 Loans and Advances

LoangQlA.dvar,ces are stated afler making adequate provision for dotLbtful advances, if any.

EMERGENT GLOBAL EDU A]\D SERVICES LIMITED(IORMERLY EMERGENT ENERGY AND SER\'ICES LINtrTED)

Notes Forming Part ofThe Balance Sheet and Profit & Loss Statement

74.9 RetirementBenefits

Leave encashment are short compensation and are booked on accrual basrs.

14.10 Taxes on Income

Prcvision for crment income tax is made on the basis of the assessable income ru.rder theIncome Tax Act I 96 I .

Cuffent tax is the amount of ta,\ payable on the ta{able incone for the year determined inaccordance with the provisions oflhe Income Tax Act 1961.

De1'elaed tan asset or liability is recognised for timing differences between the profitloss as perlinancial statements and the profit/loss offercd for income tax, based on tax rates that havebeen etmcted or substantively cnacted at the Balance Sheet date. Defered Tax Assets arerecognised only if there is reasonable certainty that suflicient future taxable income will beavailable, against which they can be realised. The camying amount of defered tax assets isreviewed at each Balance Sheet date and rcduced to the extent that it is no longer probable thatsuJlicient ta,\able income will be available to allow all or part ofthe defened tax assets to beutilised.

EMERGENT GLOBAL EDU AND SERVICES LIMITED(FORMERLY EMERGENT ENERGY AND SER!'ICES LINtrTED)

Notes Forming Part ofThe Balance Sheet and profit & Loss Statement

B. NOTES ON ACCOUNTS.

14.11 Sundry Debtors, Loans & Advances arc subject to conflrmation.

14.12 Previous year figures have been rc-grouped and recast whetever necessaly to make themcomparable with those of the curent year.

14.13 with effect from 04-04-2013, the name ofthe company was changed from,,Emergent Energyand Services Limiled" to "Emergent Global Edu and SeNices Limited".

14.14 Additional information as required under palt II of the Schedule Vl of the Companies Act.1956:-

2012-t3Foreign Currency

a. Expenses in foreign cunency Rs. 72,8901NIL

2012-t3

NIL

201.2-t343000.00

48315.00

2011-t2

6680/_

NIL

201t-12

NIL

2Dt t-1243000.00

5315.00483r5.00

b. Eamings in foreign exchange

14.15 Managerial Remuneration

Directors Remunenlion

14.16 Auditor's remuneration includes:

Audit feesServices TaxTotal Fees

14.17 Deferred Ta-x:

The break-up ofdefened tax asset and liabilities is as under:-

Deferred Ta-{ Asset As On DuringThe As On31.03,2012 Year 31.03.2013

Timing Diffe.ence on account ofLeave Encashment 11143.00 (4032.00) 7111.00

Total Defefied 1ax Asset 11143.00 (4032.00) 7111.00

14.18 Disclosure under Mic.o, small and Medium Enterp ses Development (MSMED) Act,2006:

As per the infomalion available wilh the Company and as ceftified by the management, thereare no dues outstanding including interest as on 3lst March,2013 to Micro, Small and MediumEnterydses as defined under the Micro, small and Medium Enterp ses Development(MSMED) Act, 2006.

t,+.tq \o prg{Fbf$\Craruir} is made as Craruily Acr lqT2isnor applicable

EMERGENT GLOBAL EDU AND SERVICtrS LIMITED(FORMDRLY DMERGENT ENERGY AND SER\,'ICES LIMITED)

Notes Forming Part ofThe Balance Sheet and prolit & Loss Statemelt

14.20 Related Parlies Disclosure as requircd by Accounting Standards_ 1g issued by ICAI.:-

l. Related Parties

a) Subsidiary : Indo Education Private Limited

b) Associate Companies> Uni Coke Pvt. Ltd.> Indo Powerlech Limited.

c) Group Companies where Common control exist

> Indo German lntemational Prt. Ltd.> Somani Kuttner India Pdvate Ltd.> Nofhern Exim P\.'t Ltd.> Somani Housing P\t. Ltd> Northem TEding Pvt Ltd.> Indoit Real Estates Ltd.> Indo Investment P\1. Ltd.> Pmdent Apaltmenls Pvt. Ltd.> Meena Prcpeties Pvt. Ltd.l Indo Russian Intemational Pvt. L!u.> Indo Mercuria Inlemational P\t Ltd.> Indo Macquarie Educalion Service Ltd.> Northern Realto$ P\,1. Ltd> Saatvik Housing P!'t. Ltd.) Mechel Somani Carbon P\.'t. Ltd.

Key Management Personnel

Mr. D. K. SomaniMr. T. K. Somani

Transaction with Related Parties

Nature ofTransaction Ri.In LacsFy 2012_2013

i) IncomeInterest on Loan

ii) ExpensesRent Paid

iii) Outstanding Balance at the year end:a) Receivables (net)b) Payables (net)

iv) Key Management Personnel:Remmeration and other pa)rnentsDividend Paid

d)

2.

v)

84.00

0.67

1204.18NIL

NILNIL

Fy 20lt-2012

83.43

0.60

1200.00NIL

NILNIL

EMERGENT GLOBAL EDU AND SERVICES LIMITED(FORMERLY EMERGENT ENERGY AND SDRVICES LIMITED)

Notes Forming Part ofThe Balance Sheet and profit & L0ss Statement

14.21 Earnings per share

Profit After Ta,\ation (Rs.)Number olequity shares as on 3l't March Qrlos)Weighted average number of Share $os)Nominal Values of Shares Outstanding (Rs.)Basic & Diluted Eamings per Share

14 22 Notes t to 14 form an integrar part of the Balance sheet and profit & Loss statement of theLOmDanv.

AS PER REPORT OF EVEN DAIE

RAJENDRA K. GOEL & CO,CHARTERED ACCOUNTANTSFRN No- 001457N

PARTNEM.NO.61

PLACE: NEW DELHIDATED: 27-05-2013

2012-13

36,09,98745,69,00045,69,000

10

0.'79

FOR & ON BEHALF OF THE BOARD

"Mfu"(COIVIPANY SECRETARY& LAW OFFICER

20It-12

19,13,02145,69,00045,69,000

10

0.42

DIRECTOR

-q-/""'J,* d/{,9""1 gV"CHARTERED ACCOUNTANTS

..INDIPENDENT AUDITOR' S REPORT''

To.The Mernbers ofEMERGENT GLOBAL EDU AND SERVICES LIMITED(Formerly Emergent Energy and Services Limited)(Formerly Shree om Trades Limited)NEW DELHI

Report on the Financial Statements

We have aLrdited the accompanying Consolidated financial statements of M/s, EMERGENT GLOBALEDU AND SERVICES LIMITED (Formerly Emergent Energy And ServicesLimited) ("the Company"), which comprise the Consolidated Balance Sheet as at March 31,2013. and theConsolidated Statement of Profit and Loss and Consolidated Cash Florv Statement for the vear then ended.and a surnmary of significant acconnting policies and other explanatory information.

Management's Responsibility for the Financial Statements

Managemeut is responsible for the preparation of these financial statements that give a true and fair vierv ofthe financial position" financial perforrrance and cash florvs of the Cornpany in accordance with theAccounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 ("the Act").This responsibility includes the design, implernentation and maintenauce of internal control relevant to thepreparation aud presentatiou of the financial statements that give a true and fair view and are free frommaterial misstatement. whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statemellts based on our audit. We conducted ouraudit in accordance rvith the Standards on Auditing issued by the lnstitrrte of Chartered Accountants of India.Those Standards require that rve cornply with ethical requirements anci plan and perforrn the audit to obtainreasortable assllrance aboLrt whether the financial statements are free fronr rnaterial rnisstaternent.

An audit involves perfbrming procedures to obtain aLrdit eviclence about the aurouuts and disclosures in thefinancial statements. The procedures selected depend on the auditor's judgment, including the assessmerrt ofthe risks of material misstatement of tlie financial statements, whether due to fraud or error. In making thoserisk assessments, the auditor considers internal control relevant to the Company's preparation and fairpresentation of the financial statelxents in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estirrrates made by managemeut, as rvell as evaiuating the overallpresentation of the financial statements. We believe that the audit evidence we have obtained is sufficient andappropriate to provide a basis for our audit opinion.

We lrave not audited Total asset of Rs 126,138.370 Total revenue of Rs 8,913,481and net cash in flowamounting to Rs 333,205 included iu the accornpauied consolidated financial statement in respect of the

sLrbsidiary company lvhose financial statements and financial information have been audited by other auditorsand whose ar-rdit report have been furnished to us. Our opinion. in so far relates to the affairs of subsidiary isbased solely on the report of other auditor

off . .29551642295553s4

Telefax : 29555036e-mail : [email protected]

J-2BB; GROUND FLOOR,SAKET, NEW DELHI-I 1 OO1 7

--, -'-'..! "-l ..

i' i ., , 'f , ,.,,! , '/' :, ,\: ! - .,,'' '- '/

'%,"1r"/,* a7{ g"/ gV" CONTINUATION SHEET..

Opinion

In our opinion and to the best of our information and according to the explanations given to us. the financialstaternents give the information required by the Act in the rnanner so required and giie a true and fair view inconfonnitv with the acconnting principles generally accepted in India:(a) in the case of the Consolidated Bala'ce Sheet. of the itate of affairs of the Company as at March 31,2013:ibtinthecaseoftheConsolidated StatementofProfitandLoss,oftheprofitfo.iheyearendedonthatdate;and(c) in the case of the Consolidated Cash Flou' Statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

l. we repo't that the co'solidated financial statemerlts have bee' preparecl b5' the company,s Management inaccordance rvith the requirements of Accounting of Accounting standards (AS) 21 - consolidated FinancialStatements'otified under sub-section 3c of section 2l l of the Compa'ies Act. 1956.

For RAJENDRA K. GOEL & CO.CHA RTEREDACCOUNTANTS.FRN No- 00i457N

.J

, R. K. GOEL\PARTNER \(M. No.6154)j

,.,jt:,'.,''.'

' ' '],,,|ir'

PLACE:NE,W DELHIDATED: 27.05.2013

EMERGENT GLOBAL EDU AND SERVICES LIMITED

(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)

CoNSoLIDATED BALANCE SHEET AS AT MARCH 31, 2013

PARTICULARS NOTE NO.AS AT

31.03.2013AS AT

31.03.2012I1

2

3

EQUITY & LIABILITIESSHAREHOLDER'S FUNDS

- SHARE CAPITAL- RESERVES & SURPLUS

NON-CURRENT LIABILITIES- DEFERRED TAX LIABILITIES (NET)

CURRENT LIABILITIES- OTHER CURRENT LIABILITIES- SHORT TERM PROVISIONS

Ielel(1+2+3):-

1

2

3

4

4,56,90,0009,48,72,875

4,56,90,0009,09,70,890

L4,O5r02,g75

77,46,02728,50,000

13,6616O,ggo

14,gB,g7 7

14,80,000

45,96,O27 29t78t97L

14,50,98,902 13,96,39,961II1

2

ASSETSNON-CURRENT ASSETS

FIXED ASSETS- TANGIBLE ASSETS- INTANGIBLE ASSETS UNDER DEVELOPMENT- NON-CURRENT INVESTMENTS- DEFERRED TAX ASSETS (NET)- LONG TERM LOANS & ADVANCES

URRENT ASSETS- CASH & CASH EQUIVALENTS_ SHORT TERM LOANS & ADVANCES- OTHER CURRENT ASSETS

TOTAL(1+2):-

5

6

8

910

18,1 6544,26,577

7,3I ,3823,315

I 1,82,50,000

4,78,94744,26,577

24,42216,607

11,82,50,000

t2,2gtzg,43g

I,77,86,136

44,83,327

12131r36,553

7,36,27,4336,450

28,69,425

21221691463 1,65rO3,3O9

L4,50,9A,902 13,96,39,861SIGNIFICANT ACCOUNTING POLICIES & NOTES ONACCOUNTS

AS PER OUR REPORT OF EVEN DATE ATTACHED

FOR RAJENDRA K. GOEL & CO

CHARTERED ACCOUNTANTSFRN No- OO1457N

t_o

D ON BEt|ALF OF THE BOARD t')

/(ti,.*t')-

*. ..Xo*-ou*iDIRECTOR

//SABINA NAGPAL

COMPANY SECRETARY

& LAW OFFICER

PLACE : NEW DELHIDATED

= 27-O5-2Ot3


coNsoLrDATED PROFTT AND LOSS STATEMENT FOR THE YEAR ENDED MARCH 31, 2013FOR THE YEAR

ENDED31.03.2013

FOR THE YEARENDED

31.03.2012REVENUE FROM OPERATION

OTHER INCOME

AL REVENUE ( r+ rr )EXPENSES:

- EMPLOYEE BENEFITS EXPENSE

- FINANCE COSTS

- DEPRECIATION EXPENSE

- OTHER EXPENSES

- PAYMENTTO AUDITORS

AL EXPENSES

OFIT BEFORE EXCEPTIONAL ANDEXTRAORDINARY ITEMS AND TAX ( III - IV )EXCEPTIONAL ITEMS

PROFIT BEFORE EXTRAORDINARY ITEMS ANDrAX(V-Vr)EXTRAORDINARY ITEMS

PROFTT BEFORE TAX ( VII - VrrI )TAX EXPENSE

- CURRENT TAX

- EARLIER YEAR TAX

- DEFERRED TAX

AL TAX EXPENSES

PROFIT FOR THE PERIOD FROM CONTINUINGPERATTON(rX-X)oFrT/(LOSS) FROM DTSCONTTNUTNG

RATION

TAX EXPENSE OF DISCONTINUING OPERATIONS

PROFIT/(LOSS) FROM DISCONTINUINGOPERATTON (AFTER TAX) (Xrr-Xrrr)PROFIT/(LOSS) FOR THE PERTOD (Xr+XrV)EARNINGS PER EQUITY SHARE:

- BASIC

- DILUTED

6,00,000

99,2r,7745,00,000

93,79,6661,o5,21,174

26,84,522

998

!,o4,\9119,48,915

6r,7gB

17 RO O7aL. tvJ, t '

v

7,022

7,55,96449,39,561

67,79847,OO,324

58,20,950

59,20,950

58,2O,95O

20,00,000

(34,428)

13,292

29,30,343

29,30,343

29t3O,343

8,50,000

(17,873)19,78,964 8t32,L27

3814l,9g6

0.84

0.84

20,98,276

20,98,216

0.46

0.46SIGNIFICANT ACCOUNTING POM

PER OUR REPORT OF EVEN DATE ATTACHED

(R. K.GOEL)PARTNER

M.NO. 6154

PLACE : NEW DELHIDATED ':27-O5-2OL3

SABINA NAGPALCOMPANY SECRETARY

& LAW OFFICER

D ON BEHALF OF THE BOARD


CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH gL,2OLgAS PER ACCOUNTING STANDERED-3 ISSUED BY ICAI


ENDED31.03.2013

FOR THE YEARENDED

31.03.2012Cash Flow from Operating ActivitiesNet Profit/Loss Before Tax and Extra-Ordinary Items

: Depreciation & Non Cash Expensesd: Interest on Loan

Less: Interest & Other IncomeOperating Loss before Working Capital ChangesAdjustments ForIncrease/Decrease in Trade and Other ReceivablesIncrease/Decrease in Trade payablesCash Generated /Lost from OperationsLess: Taxes PaidNet Cash Flow from Operating Activities

Cash Flow from Investing ActivitiesLoan to Somani Research and Education FoundationInterest ReceivedPurchases of Mutual FundDividend Received

le of Mutual FundPurchases of Investments

ale of InvestmentsInvestment in Fixed AssetsSale of Fixed Assets

Net Cash Flow from Investing Activities

Cash Flow from Financing ActivitiesIssue of Equity Shares with premiumInterest Paid on LoanNet Cash Flow from Financing Activities

Net Increase/Decrease In Cash & Cash EquivalentOpening Cash & Cash Equivalent

58,20,850I,04,!9I

99,09,944 93,77,744

29,30,343r,59,167

2,47,056

(62,88,234)

28,11,831

(37,37,630)77,77,477

(38,25t77t)L8,76,792

(54,55,1O1)

94,r7,619( 1,75,000)

74,594

2,96,59!

(57tot,963)

(29,50,000)I,73,6I ,072

( 14,03,050)3,03,050

80,16,405

96,13,904 Lt53,27AL7

4L,59,703L,36t27,433L,77,96,L36

96,25,45440,OLtg7g

L,36,27,433

DIRECTOR

COMPANY SECRETARY& LAW OFFICER

PER OUR REPORT OF EVEN DATE ATTACHED D ON BE|-,ALF

FOR RAJENDRA K. GOEL & COCHARTERED ACCOUNTANTSFRN No- OO1457N

| ,- -::*-

--*-

(R. x. GdfisPARTNER

M.NO.6L54

PLACE : NEW DELHIDATED : 27-O5-2OL3

LOBAL EDU AND SETVI'ES-IIfriTED(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)

ED BALANCE SHEET

AUTHORISED:2,00,00,000 EQUIT' SHARES ('REVIOUS

'EAR 2,00,00,000 EQUIT' SHARES)

OF Rs. 10/- EACHISSUED, SUBSCRIBED & PAID UP:

3:,u,?:og^:?rrry SHARES (pREvrous YEAR 4s,6e,000 EQUrry SHARES) oF

20,00,00,000.00 20,00,00,000.00

415619O,OOO 4,56,gO,ooo

R.:T"li'lf" "f

th.EQUITY SHARES AT RS. 10 EACHSHARES OUTSTANDING AT THE BEGINNING OF THE YEAR

ISSUED DURING THE YEARBOUGHT BACK DURING THE YEAR

OTHER MOVEMENT (PLEASE SPECIFY){ES OUTSTANDING AT THE END OF THE YEAR

AS AT 31.03.2013 AS AT 31.03.2012

45,69,000 45,69,000

Detail of shareholde

AS AT 31.03.2013 AS AT 31.O3.2012NAME OF SHAREHOLDERS No. of shares /M/S INDO POWERTECH LIMITEDM/S UNI COKE PRIVATE LIMITEDM/S ALPS VYAPAR PRIVATE LIMITEDMR. SHYAM BAGRIM/S YORK FINANCIAL SERVICES PRIVATE LIMITED

16,50,000 / 36.Ir o/o

13,05,000 / 28.56 o/o

5,22,500 / r1.440/o

16,50,000 / 36.r1 o/o

13,05,000 / 28.56 o/o

5,22,500 / 71.44 o/o

5,22,500 / 17.44 o/o

Terms/rights attached to equity shares

Class of Equity Shares, Par Vatue, Vote per Share, dividend proposed, Distribution at the time of liquidation of co.

The company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity shares is entiiledto one vote per share. The company decrares and pays dividend in Indian rupees.In the event of liquidation of the company, the holders of equity shares will be entiled to receive remaining assets of thecompany, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity sharesheld by the shareholders.

INOTE NO- 2IRESERVES & SURPLUSI

I - CAPITAL RESERVESI

| - CAPITAL RESERVE ON CONSOLTDATTON- SECURITIES PREMIUM RESERVE

SURPLUS/(DEFICIT) IN THE STATEMENT OF PROFIT &BALANCE AS PER THE LAST FINANCIAL STATEMENTSPROFIT FOR THE YEAR

NET SURPLUS IN THE STATEMENT OF PROFIT & LOSSTOTAL RESERVES & SURPLUSNOTE NO- 3OTHER CURRENT LIABILITIES

- DUTIES & TAXES PAYABLE. EXPENSES PAYABLE

- OTHER LIABILITIES

NOTE NO- 4SHORT TERM PROVISIONS

- FOR INCOME TAX

2,0008,98,1 57

8,48,00,000

52,70,73338,41,986

2,0008,98,I57

8,48,00,000

37,72,51620,98,216

9I,L2,7 TB 52,70,7339,48,L2,975 9,Og,7o,ggo

9,38,306B,07 ,727

11,85,820? 1? 1q1

L7,46,O27 L4t9g,g7l

28,50,000 14,80,00028,50,000 14,80,000

#{s,'( ili'

(^,1{r

(r'i

!nN(\t(oo6fYt O

di

$odd

lndNt$

$tot/t$o\t

riFOt, m<t-

d)

u)(o

ql

|nro

00

IndN+\t

N$

$v$v

N$NoiLO

$

z

(JUJ

uJo

:<(Ja'l

co

aaot

(Yl

JaO(Er'!:4(Y|JDO-'i

(Yl

rom(Y! |

lf(Yl

roffl(Yt

to

rnoolrfrl

vrOOlrriu]

5t:o4Z:'! r,u

!i-I i-ltqi3

(Yl$roo$N

(Yl$oo\fN

I

GI$oorft\

goc?

iE*P "'R

Or{ilor{ONnlr{ol

ot'lI\llolr{l

oto

$rootolflF{

N

iPEI4$Yfo

o

to (\lt\(oNolNT

€o'

€o

IeYrlssqE(!)

oonlNu]

oou1

..im

rnd..|+$

ool

$'$

ilNLri

LN

z'lJ oE III

h<lO

\t(YtrrOo(vl

u1

(fmo

\f(Yl(o

d(Yl

ui

m

3gI:'i N! f rr30R(

I

NVl r{

n<vQq

o

O\t0cl|nroN|oro(Yl

ui

\r(Yl}{oioul

lodN$t

t

U;

oln

u1

oul

n

DJ

I]-

FE.F,^ pr.g QH 5E?E o lf9{

F i E;65 g fr,?

ruOJ

af

ta)

agJ

EoJ!!oFUJEgr.'l >Jd

nfr9otzd<Haadz2Erte9CE9EYl 'l,d '.1lrl uJ ol-o, z zl

=85 fll,u- 5 Zl

EMERGENT GLoBAL EE U|AI.,ID(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)

NOTES FORMING PART OF THE CONSOLIDATED BALANCE SHEET

NO- 6.CURRENT INVESTMENTS

QUOTED - NON TRADEINVESTMENTS IN MUTUAL FUNDBIRLA MUTUAL FUND

1310.981 UNITS @ RS.100.2167 EACH(PREVIOUS YEAR NIL)

HSBC MUTUAL FUND

NIL UNITS (PREVIOUS YEAR2437,996 UNITS @ RS.10.0331 EACH)(MARKET VALUE AS ON 31.03.12 RS. )TOTAL QUOTED TNVESTMENTS

AL NON-CURRENT INVESTMENTS

NO- 7LONG TERM LOANS & ADVANCESLOANS AND ADVANCES(UNSECURED, CONSIDERED GOOD)LOAN TO SOMANI RESEARCH AND EDUCATION FOUNDATION

NOTE NO- 8cAsH & CASH EQUTVALENTS

- BALANCE WITH BANKIN CURRENT ACCOUNT

- CASH ON HAND. FOREIGN CURRENCY IN HAND- OTHER BANK BALANCE

IN FIXED DEPOSITS (MORE THAN 3 MONTHS & LESS THAN 12 MONTHS)rN FrxED DEPOSTTS (MORE THAN 12 MONTHS)

NOTE NO- 9TERM LOANS & ADVANCES

UNSECURED, CONSIDERED GOOD)ADVANCES RECOVERABLE IN CASH OR IN KIND OR FOR VALUE TO BERECEIVED

- LOANS & ADVANCES

NOTE NO- 10CURRENT ASSETS

- PREPAID EXPENSES

- INTEREST RECEIVABLE- ADVANCE TAX INCLUDING TDS- MISCELLANEOUS EXPENDITURE (NOT YET WRITTEN OFF)

r,3r,382

24,422

1,3 1,392

11,82,50,000 11,82,50,000

11,92,5O,OO0 11,92,5O,00o

56,88,57933,67613,881

92,50,00028,00,000

30,48,63767,6571 1 ,139

30,00,00075,00,000

15,000

7,86,L7036,82,157

8,7673,00,400

25,60,258


NOTES FORMING PART OF THE CONSOLIDATED PROFIT AND LOSS STATEMENT


ENDED31.03.2013

FOR THE YEARENDED

31.03.2012NOTE NO. 11OTHER INCOME

- iNTEREST ON FIXED DEPOSIT- INTEREST ON LOAN_ PROFIT ON SALE OF INVETMENTS- DIVIDEND INCOME- OTHER INTEREST. MISCELLANEOUS INCOME

NOTE NO- 12EMPLOYEE BENEFITS EXPENSE

- SALARIES & ALLOWANCES- OTHER BENEFITS- STAFF WELFARE

NOTE NO- 13FINANCE COSTS

. INTEREST ON LOAN- BANK CHARGES

NOTE NO. 14OTHER EXPENSES

- RENT CHARGES- TRAVELING EXPENSES- LEGAL & PROFESSIONAL CHARGES- FILLING FEES- LISTING FEES- BUSINESS PROMOTION EXPENSES- CONVEYANCE EXPENSES- POSTAGE & COURIER EXPENSES- NET LOSS ON FOREIGN CURRENCY TRANSACTION- TELEPHONE & INTERNET EXPENSES- STAFF RECRUITMENT EXPENSES- ELECTRICITY EXPENSES- REPAIRS & MAINTENANCE. DONATION- ADVERTISEMENT EXPENSES- MISCELLANEOUS EXPENSES- PRINTING & STATIONARY

NOTE NO- 15PAYMENT TO AUDITORS

_ STATUTORY AUDIT FEES6F\ft:*:*Jft)

70,34,63989,69,750

(27)6,582

7I,230

2,65,186gB,0g,50B

3,03,050

922

99,2L,174

22,65,4794,\7,835

I,2OB

16,53,852I,34,876

7,250

26,84,522 L7,gg,g7g

67,4767,69,4598,93,554

7,44423,595

75,7401,611

2959,260

10,8924 7?A

5,00,000r,20,270

II,32673,274

60,0004,75,056

35,38,1046,340

16,64576,29524,924

837

14,5051,168B,4gg

23,016

7,O8,5726,39,351

6,249

EMERGENT GLOBAL EDU AND SERVICES LIMII'ED(FORMERLY EMERGENT ENERGY AND SERVICES LIMTTED)

Notes Forming Part of rhe consolidated Balance Sheet and profit & Loss Statement

Note No - 16

A.

16.1 System of Accounting

The consolidated financial statement of Emergent Global Edu and Services Limited (FormerlyEmergent Energy and Services Limited) and iis Subsidiary are prepared on an accrual basis ofaccounting in accordance with generally accepted accounting principle in India and theAccounting Standard 2l on Consolidated Finarrcial Statement. to the extent possible in thesame format as that adopted by the Company for its separate financial starement.

16.2 Principle of Consolidation

The consolidated financial statements have been prepared on the following basis:a) The financial statement of the Company and its Subsidiary Company have been combinedon a line-by-line basis by adding together the book values of like items of assets, liabilities,income and expenses.

b) Intra company balances and intra company transactions and resulting profits are eliminatedin full.

c) The Subsidiary considered in consolidated financial statement is Indo Education privareLimited voting power held as at 31't March 2013 is 100oA and as at 3l't March 2012 100%..

16.3 Method of Accounting

Assets and liabilities are recorded at historical cost. These costs are not adjusted to reflect thechanging value in the purchasing power of money.

16.1 RevenueRecognition

Services Income is recognized when service render to customer. Interest income is recognizedon accrual basis

r6.5 Fixed Assets

Fixed assets are stated at cost of acquisition and subsequent improvement thereto, includingtaxes. duties, freight and other incidental expenses related to acquisition and installation.Fixed Assets are stated at cost less depreciation. Depreciation is provided on the written downvalue at the rates and in the manner specified in Schedule XIV of ihe companies Act. 1956.

Foreign Currency Transactions

Transactions denominated in foreign currency are normally recorded at the exchange ratesprevalent on the date of the transaction. All monetary items denominated if foreign *.r.n.yremaining outstanding at the end of the year are translated at prevailing exchange rate on theBalance Sheet date and lossigain if any is appropriately recognized,ur r.u.nu. cliarge/income.

16.6

.-, { it^\,1 . ;-:, \i.:7' 'i i

il'/ clr;ie;:il 'r'\iiiiA:c,rr,;, ::r Ii:j'r'"t. .. \ )\ - ,... 1

. :-:-<)-'

EMERGENT GLOBAL EDU ANID SERVICES LIMIT'ED(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)

Notes Forming Part of rhe consolidated Balance Sheet and profit & Loss Statement

16.7 Investments

Investments are considered at cost unless there is a perrnanent decline in value thereon. inwhich case. adequate provision is made there against it in the accounts. v qrqw r'vru(Jrr'

16.8 Sundry Debtors

Sundry debtors are stated after making adequate provision for doubtful debts, if any.16.9 Loans and Advances

Loans & Advances are stated after making adequate provision for doubtful advances. if anv.

16.10 Retirement Benefits

Leave encashment are short compensation and are booked on accrual basis.

16.11 Taxes on Income

Provision for current income tax is made on the basis of the assessable income under theIncome Tax Act 1961.

current tax is the amount of tax payabre on the taxable income foraccordance with the provisions of the Income Tax Act 1961 .

Defened tax asset or liability is recognised for timing differences between the profit/loss as perfinancial statements and the profit/loss offered for lncome tax, based on tax rates that havebeen enacted or substantively enacted at the Balance Sheet date. Deferred Tax Assets arerecognised only if there is reasonable cerlainty that sufficient future taxable income will beavailable, against which they can be realised. The carrying amount of deferred tax assets isreviewed at each Balance Sheet date and reduced to the extent that it is no longer probable thatsufficient taxable income w'ill be available to allow all or parl of the deferred tai assets to beutilised.

16.12 Expenditure during project period

Expenditure of Subsidiary Company (M/s Indo Education Private Limited) directly relating toa project/ expansion is capitalised, Indirect expenditure incurred during gestation perioJ iscapitalised as part of the indirect cost to the extent to w-hich the expenditure is indirectly relatedto project or is incidental thereto.

All direct capital expenditure on expansion is capitalised. As regards indirect expenditure onexpansion, only that portion is capitalised which represents the marginal increase in suchexpenditure as a results of capital expansion. Both direct and indirect expenditure arecapitalised only if they increase the value of the asset beyond its originai standard ofperformance.

x-.-E:>,{;i"\r,i -_',, \ t, \i-ri Ctr: l'':'J t''\\i \:';;'r:rr'l;''': J!'f\.-\ /x/\:.ri!5-";.,a_i/

the year determined in


Notes Forming Part of rhe consolidated Balance Sheet and profit & Loss statement

B. NOTES ON ACCOUNTS.

16.13 Sundry Debtors, Loans & Advances are subject to confirmation.

16'14 Previous year figures have been re-grouped and recast wherever necessary to make themcomparable with those of the current year.

l6'15 with effect from 04-04-2013. the name of the company was changed from,.Emergent Energvand Services Limited" to "Emergent Global pdu and Services Limited,,.

16'16 Additional information as required under part II of the Schedule vI of the Companies Act.1956:- - '-r--"'-" '

Foreign Currency

a. Expenses in foreign currency

b. Earnings in foreign exchange

16.17 Managerial Remuneration

Directors Rem uneration

16.18 Deferred Tax:

Total Defemed tax Asser

2012-13

72.890t-

NIL

2012-t3

NIL

2011-12

6,6801-

NIL

20tr-12

NIL

The break-up of deferred tax asset and liabilities is as under:-Deferred Tax Asset

Timing Difference on account ofLeave Encashment

Fixed Assets

As on3r.03.2012

I 1 143.00

s464.00

During TheYear

As On31.03.2013

(4032.00)

(e260.00)

71 1 1.00

(37e6.00)

032e2.00) 3315.00

16.19 Disclosure under Micro. small and Medium Enterprises Development (MSMED) Act. 2006:

As per the information available w-ith the Company and as certified by the management, thereare no dues outstanding including interest as on 31st March. 2012 Lo Mi..o. Small and MediumEnterprises as defined under the Micro, small and Medium Enterprises Development(MSMED) Act.2006.

16607.00

16.20

16.21

No provision fbr Gratuity is made as Gratuity Act 1972 is not applicable.1d.{9o,\.

Disclosure as requircd by,'Accounting Standards- 1g issr-red by lcAI.:


Notes Forming Part of rhe consolidated Balance sheet and profit & Loss statement

l. Related Parties

a) Associate Companies

b) Group Companies where Common control existIndo German international pvt. Ltd.Somani Kuttner lndia Private Ltd.Nofihern Exim Pvt Ltd.Somani Housing Pvt. LtdNorthern Trading Pvt Ltd.Indoit Real Estates Ltd.Indo Investment Pvt. Ltd.Prudent Aparlments Pi,t. Ltd.Meena Properties Pvt. Ltd.Indo Russian International Pvt. Ltd.Uni Coke Pvt. Ltd.

Key Management PersonnelMr. D. K. SomaniMr. T. K. Somani

Transaction with Related Parties

Nature of Transaction

i) ExpensesRent PaidInterest on Loan

ii) Outstanding Balance at the year end:a) Receivables (net)b) Payables (net)

iii) Key Management Personnel:Remuneration and other navments

iv) Dividend Paid

c)

Rs. In LacsFY 2012-13

0.67NIL

NILNIL

NILNIL

FY 20lt-12

0.60NIL

NILNIL

NILNIL

EMERGENT GLOBAL EDU AND SERVICES LIMITE,D(FORMERLY EMERGENT ENERGY AND SERVICES LIMITED)

Notes Forming Part of rhe consolidated Balance Sheet and profit & Loss statement

16.22 Earnings per share

2012-13

38,41"99645,69,0004s.69.000

10

0.84

Profit After Taxation (Rs.)Number of equity shares as on 31.1 March (Nos)Weighted average number of Share (Nos)Nominal Values of Shares Outstanding (Rs.)Basic & Diluted Earnings per Share

201r-t2

20,99.21645.69.00045,69.000

10

0.46

and Profit & Loss16'22 Notes I to 16 form an integral parl of the Consolidated Balance Sheer

Account of the Companv.

AS PER REPORT OF EVEN DATE

RAJENDRA K. GOEL & CO.CHARTERED ACCOUNTANTSFRN No- 001457N r

FOR & ON BEHALF OF THE BOARD

//

/ nau*/---t-n 6hnnounr

DIRECTOR

iprx cPARTNER

M.NO.6154

PLACE: NEW DELHIDATED. 27-05-2013

/ t,

l@tul4SABINA N(CPNI

COMPANY SECRET;RY& LAW OFFICER

.K. SOMANIDIRECTOR

------------- ----

--- ------------------ -

EMERGENT GLOBAL EDU AND SERVICES LIMITED (Formerly Emergent Energy and Services Limited)

Regd. Office:8B, 'Sagar' 6, Tilak Marg, New Delhi-llOOOl

Statement Regarding Subsidiary Company Pursuant to Section 212 of the Companies Act. 1956.

Na~~-oftheSubsidia~yc~~pany~-_-- .. ~_=-=~n~dOEd~-~i~~teL~~d--=1! 1

Holding Company's interest at end of financial year IHolder of 2,75,000 Equity Shares out ofl ofthe Subsidiary Company as on 31.03.2013. II subscribed capital of 2,75,000 Equity!

2

iI i Shares ofRs.10/- each.

,

13- Net aggreg~t~~~;u~, so far it concerns m~~ber~-~il"

-----. I

, the Holding Company, of Subsidiary Company's I i I profits, less losses or vice versa and not dealt with in j ~ __t~e~~~E~~.Y's Accounts: I

i. For Subsidiary Company's financial year ended Rs.2,31 ,998/I on 31st March, 2013

-- ii. For the previ;;~-fin~~cial-y~~rs of the Subsidiary Rs. 1,92,311/I

~-- .Ne:in:e~~m~:::di:; Subsidiary-Company's ..-- ---- ...- I profits, less losses or vice versa and dealt with the ~ Comp~?Y'sAccounts: _ ... _ _ ! Ii. For Subsidiary Company's financial year ended on NIL

[. I_~~arch,2013-"- . - --------l--------------- .-._.--__ ii. For the previous financial years of Subsidiary NIL

~ since it became subsidiary. - - -- --- -. ---_. ------. -

5 a) Change in the holding of company's interest N.A. between the end of financial year of SubsidiaryI and end of the financial year of the HOldingi Company.

- "------ ------------- - --

b) Details of any material changes which have N.A. occurred between the end of the financial year of the Subsidiary and the end of the Holding Company's financial year in respect of the Subsidiary's.

-+1\-..-Fl-·x-ed-Assets --------------_._. __._

ii. Investments -- ------ -- -- -----1f-----1----------------

iii. The moneys lent by it _.__.__._------_.._- ----- ---------_._---------

iv. The moneys borrowed by it for any purpose other t of meeting current liabilities. ~- ~----J~.----........

D. K. SOMANI R. . KHANDURI SABINA NAGPAL Director Director Company Secretary

& Law Officer Dated: 27.05 .2013 Place: New Delhi



PROXY

lA//e R/o being amember/members of Emergent Global Edu And Services Limited hereby appoint

R/o or fa i l ing h imRio my/our proxy to attend, act and vote for me/us on my/ourbehalf at the Annual General Meet ing of the Company to be held on Fr iday, the 27tn September,2013 at the Registered Office of the Company and at any adjournment thereof

S igned th is day of 2013

Note. An instrument appoint ing a proxy shal l be deposi ted at the Registered Off ice of the Companynot less than 48 hours before the time fixed for commencement of the aforesaid meeting.



ATTENDANCE SLIP

I hereby record my presence at the Annual General Meet ing of the Company on

Member's Name & Address

( ln block let ters)

Fo l i o No . /DP lD No . :

No.o f Shares Held .

EMERGENT GLOBAL EDU AND SERVICES LIMITED(formerly Emergent Enerry and services Limited)

Regd. Office: 8-8, Sagay', 6, Tilak Marg, New Delhi _ 110 O01;*;;;x*Ui;ililil@

Name of the Company Emergent Gtobul nffiLimited

$gdp Code:506180Annual Financial Statements for

the Year ended31" March 2013

Type of Audit Observatioo Un-Qualified

Frequency of observations un-qualified-Ano,,utffi

To be signed byCEoA{anaging Director

Auditor of the Company

Audit Committee Chairman

emergent global edu and services limited ... emergent global edu and services limited,1 r/l...

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