Locusz Enterprise Balance Sheet - FY 2012-13

Locuz Enterprise Solutions Limited
Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2012 01/04/2011
to to
31/03/2013 31/03/2012
Locuz Enterprise
Name of company Solutions Limited
Corporate identity number U72200AP1999PLC032881
Permanent account number of entity AAACL6270A
Mch No.4-1-938/31-35
(New # 3), 3Rd Floor, ,
Address of registered office of company Sudha House, Tilak Road,
Abids , Hyderabad , ANDHRA
PRADESH , INDIA - 500001
Commercial and
Type of industry Industrial
Date of board meeting when final accounts were approved 08/05/2013
Date of start of reporting period 01/04/2012 01/04/2011
Date of end of reporting period 31/03/2013 31/03/2012
Nature of report standalone consolidated Standalone
Content of report Balance Sheet
Description of presentation currency INR
Level of rounding used in financial statements Actual
SRN of form 66 Q12812830
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2012 01/04/2012
to to
31/03/2013 31/03/2013
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director VIJAY UTTAM
Middle name of director KUMAR KUMAR
Last name of director WADHI MAJUMDAR
Whole Time
Designation of director Managing Director
Director
Director identification number of director 00087657 00087668
Date of signing board report 08/05/2013 08/05/2013
Locuz Enterprise Solutions Limited Standalone Balance Sheet for period 01/04/2012 to 31/03/2013

01/04/2012
to
31/03/2013
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
3. DIVIDEND: Since the
Company needs the funds
for its operations, the
Disclosures relating to dividends Directors have not
recommended Dividend for
the year 2012-2013.
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
Details regarding foreign exchange earnings and outgo [See below]
Particulars of employees as per provisions of section 217 [See below]
Disclosures in director?s responsibility statement [See below]
Director's comments on qualification(s), reservation(s) or adverse
None
remark(s) of auditors as per board's report
2
Disclosure in board of directors report explanatory [Text Block]

NOTICE
Notice is hereby given that the Fourteenth Annual General Meeting of the Members of Locuz Enterprise Solutions Limited will be held on
Wednesday, September 25, 2013 at 1.00 P.M at MCH No.4-1-938/31-35 (New # 3), 3 rd Floor, Sudha House, Tilak Road, Abids,
Hyderabad-500001 to transact the following business:
Ordinary Business:
1. To receive, consider and adopt the audited Profit and Loss Account for the financial year ended March 31, 2013 and the Balance Sheet as
on that date, together with the Reports of the Directors? and Auditors? thereon.
2. To appoint a Director in place of Mr. Padmanabhan Iyer, who retires by rotation and being eligible, offers himself for re-appointment.
3. To re-appoint M/s. R. B. Kabra & Co., Chartered Accountants as Auditors of the Company, to hold office from the conclusion of this
Meeting until the conclusion of next Annual General Meeting at which the accounts are laid and to fix their remuneration.
4. To re-appoint M/s. Natarajan & Swaminadhan, Certified Public Accountants as Branch Auditors of the Company, tohold office from the
conclusion of this Meeting until the conclusion of next Annual General Meeting and to fix their remuneration.
Special Business:
5. Appointment of Mr. Nagaraj G N as a Director of the Company
To consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution:
3
RESOLVED THAT Mr. Nagaraj G N who was appointed as an Additional Director by the Board of Directors of the Company with effect from
June 4, 2013 pursuant to Section 260 of the Companies Act, 1956 to hold office up to the date of this Annual General Meeting of the Company
and in respect of whom the Company has received a notice under Section 257 of the Companies Act, 1956 proposing his candidature for the
office of Director, be and is hereby appointed as a Director of the Company, liable to retire by rotation
For and On behalf of the Board of Directors
Vijay Kumar Wadhi
Managing Director
May 8, 2013
Registered Office:
MCH No. 4-1-938/31-35 (New#3),
3 rd Floor, Sudha House, Tilak Road,
Abids, Hyderabad ? 500001
NOTES:
a) The explanatory statement pursuant to Section 173 (2) of the Companies Act, 1956 in respect of item nos.5 is attached.
b) A member entitled to attend and vote is entitled to appoint a proxy to attend and, on a poll, to vote instead of himself. Such proxy need not
be a member of the company. Proxies in order to be valid and effective must be delivered at the registered office of the company, not less than
forty-eight hours before the commencement of the meeting.
c) Members / Proxies should bring the attendance slip sent herewith duly filled in, for attending the meeting.
d) The Members are informed that in case of joint holders attending the meeting, only such joint holder who is higher in the order of names
will be entitled to vote.
e) All the documents referred to in the Notice will be available for inspection by the Members at the registered office of the Company between
10.30 am to 12.30 pm on all working days from the date hereof, up to the conclusion of this meeting.
4
Vijay Kumar Wadhi
Managing Director
May 8, 2013
Registered Office:
MCH No. 4-1-938/31-35 (New#3),
EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE COMPANIES ACT, 1956
ITEM NO.5:
Appointment of Mr. Nagaraj G.N. as Director
5
Mr. Nagaraj G N was appointed as an Additional Director of the Company with effect from June 4, 2013.
Pursuant to section 260 of the Companies Act, 1956, he holds the office up to the date of ensuing Annual General Meeting of the Company. The
Company has received notice from Memberunder Section 257 of the Companies Act 1956, proposing his candidature for the post of Director of
the Company.
Your Director recommend the resolution for his appointment, as set out in Item No.5 of notice, for your approval.
None of the Director except Mr. Nagaraj G N is interested in the Resolution.
Sd/-
Vijay Kumar Wadhi
Managing Director
May 8, 2013
Registered Office:
MCH No. 4-1-938/31-35 (New#3),
6
DIRECTORS? REPORT
To
The Members,
Locuz Enterprise Solutions Limited
Your Directors have pleasure in presenting the 14 th Annual Report of the Company with the audited statement of accounts for the financial year
ended March 31, 2013.
1. FINANCIAL RESULTS:
In the financial year 2012-13 your Company earned totoal revenue of Rs. 174.93 crores as compared to Rs. 144.03 crores previous year. Earnings
per share (EPS) increase to ?57? in the financial year 2012-13 as compared to ?50? in the corresponding period of previous year. The brief
highlights for the financial year are as follows:
(In crores)
Year ended Year ended

Particulars
March 31, 2013 March 31, 2012
Total Revenue 1 74.93 1 44.03
Profit/ (Loss) before Depreciation, Interest and Tax and exceptional items 11.99 11.76
Less: Interest 1.23 1.53
Less: Depreciation 1.49 1.18
7
Less: Exceptional Items 0 1.46
Profit/ (Loss) before Tax 9.27 7.59
Less: Provision for Tax (Current Tax and Differed Tax)

3.80 2.61
5.70 4.98
Profit/ (Loss) after Tax
Earning Per Share 57 50
2. REVIEW OF OPERATION:
During the period under review, the Registered office of the Company was shifted from No. 4, 6 th Floor, Orion Tower, Bldf. # 9, Opposite
Westin Hotel, Mindspace, Cyberabad, Hyderabad ? 500081 to MCH No. 4-1-938/31-35 (New # 3), 3 rd Floor, Sudha House, Tilak Road, Abids,
Hyderabad ? 500001 with effect from February 15, 2013.
3. DIVIDEND:
Since the Company needs the funds for its operations, the Directors have not recommended Dividend for the year 2012-2013.
4. CAPITAL:
During the year under review, there was no change in the Share Capital of the Company.
5. DIRECTORS:
During the year under review, Mr. Padmanabha Iyer and Mr. Gaurav Agarwal were appointed as Additional Directors of the Company w.e.f. May
17, 2012 and on the same date, Mr. Lakshminarayanan Sagathur and Mr. Amar Chintopanth resigned as Directors of the Company.
8
On September 10, 2012, Mr. Charanjit Attra and Mr. Ashish Kakkar were appointed as Additional Directors by way of circular resolution passed
by the Board of directors of the Company. The appointment of all the additional directors were regularized at the Annual General Meeting of the
Company held on September 28, 2012. Further, on October 19, 2012, Mr. Gaurav Agarwal resigned as Director of the company. Mr. Shivanand
R. Shettigar has also resigned as Director of the Company with effect from May 8, 2013. On June 4, 2013, Mr. Nagaraj G. N. was appointed as
Additional Director and the appointment wil be regularized at the forthcoming Annual General Meeting.
In terms of provisions of section 255 & 256 of the Companies Act, 1956 Mr. Padmanabhan Iyer is due to retire by rotation at the forthcoming
Annual General Meeting and, being eligible, has offered himself for re-appointment. The board has recommended his re-appointment.
6. AUDITORS:
M/s. R. B. Kabra & Co., Chartered Accountants, was appointed as the Statutory Auditors of the Company at the 13 th Annual General Meeting to
hold the office up to the conclusion of ensuing Annual General Meeting. The Company has received letter from M/s. R. B. Kabra & Co.,
Chartered Accountants, consenting to act as Auditor and have also confirmed that they are eligible and qualified to be appointed as Auditors
pursuant to Sections 224(1B) & 226 of the Companies Act 1956.
M/s. Natarajan & Swaminadhan, Certified Public Accountants, was appointed as Branch Auditors for the Singapore Branch at the last Annual
General Meeting to hold the office up to the conclusion of ensuing Annual General Meeting. The Company has received letter consenting to act
as Branch Auditor and have also confirmed that they are eligible and qualified to be appointed as Branch Auditors pursuant to the provisions of
the Companies Act 1956.
Your Directors recommend the appointment of M/s. R. B. Kabra & Co., Chartered Accountants, as the Statutory Auditors of the Company and
M/s. Natarajan & Swaminadhan, Certified Public Accountants, as Singapore Branch Auditor, to hold the office from the conclusion of ensuing
Annual General Meeting to the conclusion of next Annual General Meeting.
7. COMPLIANCE CERTIFICATE:
The Compliance Certificate issued by M/s. dvmgopal & associates, Company Secretaries pursuant to section 383A of the Companies Act, 1956,
for the year ending March 31, 2013 is annexed to the Directors Report.
8. PUBLIC DEPOSITS:
9
During the year, the Company has not accepted/invited any deposits from the public under section 58A of the Companies Act, 1956.
9. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:
Although the operations of the Company are not energy intensive, the management is highly conscious of the criticality of the conservation of
energy at all operation level. The requirement of disclosure of particulars with respect to conservation of energy and technology absorption as
prescribed in Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the report of Board of
Directors) Rules, 1988 is not applicable to the Company and hence not provided.
10. FOREIGN EXCHANGE EARNINGS AND OUTGO;
The Company earned foreign exchange worth 4.40 Crores as against 2.95 Crores during the corresponding previous year. The foreign exchange
outgo on account of cost of outsourced services and bought out items and travelling and other expense is 22.29 Crores as against 55.62 Crores
during the corresponding previous year.
11. PARTICULARS OF EMPLOYEES:
The details as required pursuant to the provisions of 217 (2A) of the Companies Act 1956 read with the Companies (Particulars of Employees)
Rules 1975 as amended from time to time are as follows:
Previous Remuneration/
Name Qualification Date of joining Designation Experience Age
Employer Commission
B.Com.,
Mr. Vijay Kumar Wadhi 19.11.1999 Managing Director --- 26 years 53 6 Million p.a
M.B.A
12. DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to the provisions of section 217 (2AA) of the Companies Act 1956, your Directors confirm that:
10
a) In preparation of Annual accounts, the applicable accounting standards have been followed along with proper explanation relating to
material departures.
b) We have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent
so as to give a true and fair view of the state of affairs of the Company as at 31 st March 2013 and of the profit/loss of the Company for the year
ended as on that date.
c) We have taken proper and sufficient care for maintenance of adequate accounting records for the year ended 31 st March 2013 in accordance
with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for prevention and detection of fraud and other
regularities.
d) We have prepared the Annual Accounts on a going concern basis.
13. ACKNOWLEDGEMENT:
Your Directors wish to place on record their appreciation and acknowledge with gratitude the support and co-operation extended by clients,
Bankers, and Investors, and look forward to their continued support. Your Directors also thank the employees at all level, who through their
dedication, co-operation, support and intellectual work have enabled the company to achieve rapid growth.
Date: May 8, 2013
Place: Mumbai Sd/- Sd/-
Vijay Kumar Wadhi Uttam Kumar Majumdar
Managing Director Whole-Time Director
11
Description of state of companies affair

1. FINANCIAL RESULTS: In the financial year 2012-13 your Company earned totoal revenue of Rs. 174.93 crores as compared to Rs. 144.03
crores previous year. Earnings per share (EPS) increase to ?57? in the financial year 2012-13 as compared to ?50? in the corresponding period of
previous year. The brief highlights for the financial year are as follows: (In crores) ParticularsYear ended March 31, 2013Year ended March 31,
2012 Total Revenue1 74.931 44.03 Profit/ (Loss) before Depreciation, Interest and Tax and exceptional items11.9911.76 Less: Interest1.231.53
Less: Depreciation1.491.18 Less: Exceptional Items01.46 Profit/ (Loss) before Tax9.277.59 Less: Provision for Tax (Current Tax and Differed
Tax) Profit/ (Loss) after Tax3.80 5.702.61 4.98 Earning per share5750 2. REVIEW OF OPERATION: During the period under review, the
Registered office of the Company was shifted from No. 4, 6th Floor, Orion Tower, Bldf. # 9, Opposite Westin Hotel, Mindspace, Cyberabad,
Hyderabad ? 500081 to MCH No. 4-1-938/31-35 (New # 3), 3rd Floor, Sudha House, Tilak Road, Abids, Hyderabad ? 500001 with effect from
February 15, 2013.
Details regarding energy conservation

9. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION: Although the operations of the Company are not energy intensive,
the management is highly conscious of the criticality of the conservation of energy at all operation level. The requirement of disclosure of
particulars with respect to conservation of energy and technology absorption as prescribed in Section 217(1)(e) of the Companies Act, 1956 read
with the Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988 is not applicable to the Company and hence not
provided.
Details regarding technology absorption

9. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION: Although the operations of the Company are not energy intensive,
the management is highly conscious of the criticality of the conservation of energy at all operation level. The requirement of disclosure of
particulars with respect to conservation of energy and technology absorption as prescribed in Section 217(1)(e) of the Companies Act, 1956 read
with the Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988 is not applicable to the Company and hence not
provided.
Details regarding foreign exchange earnings and outgo

10. FOREIGN EXCHANGE EARNINGS AND OUTGO; The Company earned foreign exchange worth 4.40 Crores as against 2.95 Crores
during the corresponding previous year. The foreign exchange outgo on account of cost of outsourced services and bought out items and
travelling and other expense is 22.29 Crores as against 55.62 Crores during the corresponding previous year.
Particulars of employees as per provisions of section 217

11. PARTICULARS OF EMPLOYEES: The details as required pursuant to the provisions of 217 (2A) of the Companies Act 1956 read with the
Companies (Particulars of Employees) Rules 1975 as amended from time to time are as follows: NameQualificationDate of
joiningDesignationPrevious EmployerExperience Age Remuneration/ Commission Mr. Vijay Kumar WadhiB.Com., M.B.A19.11.1999Managing
Director---26 years536 Million p.a
12
Disclosures in director?s responsibility statement

12. DIRECTORS RESPONSIBILITY STATEMENT: Pursuant to the provisions of section 217 (2AA) of the Companies Act 1956, your
Directors confirm that: a) In preparation of Annual accounts, the applicable accounting standards have been followed along with proper
explanation relating to material departures. b) We have selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March 2013 and of the
profit/loss of the Company for the year ended as on that date. c) We have taken proper and sufficient care for maintenance of adequate accounting
records for the year ended 31st March 2013 in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the
Company and for prevention and detection of fraud and other regularities. d) We have prepared the Annual Accounts on a going concern basis.
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2012
to
31/03/2013
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm R B Kabra & Co
Kishore Kumar
Name of auditor signing report Kabra
Firms registration number of audit firm 001650S
Membership number of auditor 29772
4-1-917 Parsi Lane,
Address of auditors Tilak Road,
Hyderabad-500001
Permanent account number of auditor or auditor's firm AAEFR3093C
SRN of form 23B Z99999999
Date of signing audit report by auditors 08/05/2013
Date of signing of balance sheet by auditors 08/05/2013
13
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2012 01/04/2012
to to
31/03/2013 31/03/2013
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (8) [See below]
1.(a) The Company
has Maintained
Proper records
showing full
Disclosure relating to quantitative details of fixed assets Particulars including
quantitative details
and situation of
Fixed Assets.
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (9) [See below]
(C ) In our Opinion
the Company has not
Disposed off
Disclosure relating to fixed assets disposed off Substantial part of
fixed assets during
the period.
Textual information
Disclosure in auditors report relating to inventories (10) [See below]
Textual information
Disclosure of physical verification of inventories at fixed intervals (11) [See below]
As explained to us,
Inventories were
Physically verified
Disclosure of procedure followed for physical verification of inventories during the year by
the Management at
Reasonable
Intervals.
Textual information
Disclosure about maintenance of inventory records and material discrepancies (12) [See below]
Textual information
Disclosure in auditors report relating to loans (13) [See below]
Textual information
Disclosure in auditors report relating to internal control system (14) [See below]
Disclosure in auditors report relating to contracts and arrangements under Textual information
section 301 of companies act (15) [See below]
a) To the best of our
Knowledge and
belief and according
to the information
and explanation
Disclosure relating to presence of register for necessary transactions given to us,
transactions that
needed to be entered
into the register have
been so entered.
Textual information
Disclosure relating to reasonability of transactions (16) [See below]
VI. The Company
has not accepted any
Disclosure in auditors report relating to deposits accepted from public deposit from the
Public.
VII. In our opinion,
the Company has an
internal audit system
Disclosure in auditors report relating to companies internal audit system Commensurate with
the size and nature
of its business.
14
VIII. In our opinion

and according to the
explanations given
Disclosure in auditors report relating to maintenance of cost records to us, maintenance
of cost records has
not prescribed by the
central Government.
Textual information
Disclosure in auditors report relating to statutory dues (17) [See below]
Textual information
Disclosure relating to regularity in payment of undisputed statutory dues (18) [See below]
Textual information
Disclosure relating to disputed statutory dues (19) [See below]
Textual information
Disclosure in auditors report relating to accumulated losses (20) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (21) [See below]
XII. According to
the information and
explanations given
to us, the Company
has not granted any
Disclosure in auditors report relating to loans and advances granted by way
loans and advances
of pledge of shares debentures and other securities on the basis of
security by way of
pledge of shares,
debentures and other
securities.
XIII. The Company
is not a Chit
Disclosure in auditors report relating to provisions under special statute Fund/Nidhi/Mutual
Benefit Fund/
Societies.
XIV. According to
the Information and
the explanations
given to us, the
Disclosure in auditors report relating to adequacy of records maintained by share
Company is not
trading companies dealing or trading in
shares, securities,
Debentures and
other Investments.
Textual information
Disclosure in auditors report relating to guarantee given (22) [See below]
XVI. In our Opinion,
Disclosure in auditors report relating to term loans used for purpose other than the Company has not
for purpose they were raised taken any term loans
during the period.
XVII. In our opinion
and according to the
Information given to
Disclosure in auditors report relating to nature and amount of fund raised us no funds raised
for short-term has been used for long-term or vice versa for short term are
used for long term
purpose and vice
versa.
XVIII. The
Company has not
made preferential
allotment of shares
to parties and
Disclosure in auditors report relating to preferential allotment of shares companies covered
in the register
maintained under
section 301 of the
Act, During the year.
XIX. The Company
Disclosure in auditors report relating to securities created against debentures has not issued any
issued debentures during
the period.
XX. The Company
has not raised any
Disclosure in auditors report relating to purpose and end use of money raised
money by way of
through public issues public issues during
the period.
15
XXI. According to
the Information and
explanation given to
us, no frauds on, or
Disclosure in auditors report relating to any material fraud reported during period by the Company has
not been noticed or
reported during the
year under review.

01/04/2012
to
31/03/2013
Disclosure in auditor?s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Auditor's qualification(s), reservation(s) or adverse remark(s) in
None
auditors' report
Disclosure in auditors report relating to fixed assets

1.(a) The Company has Maintained Proper records showing full Particulars including quantitative details and situation of Fixed Assets. (b) The
Company has physically verified assets during the year in accordance with a programme of verification of the fixed assets at reasonable intervals.
According to the information and Explanations given to us no material Discrepancies were noticed on such verification. (C ) In our Opinion the
Company has not Disposed off Substantial part of fixed assets during the period.
Disclosure relating to physical verification and material discrepancies of fixed assets

(b) The Company has physically verified assets during the year in accordance with a programme of verification of the fixed assets at reasonable
intervals. According to the information and Explanations given to us no material Discrepancies were noticed on such verification.
Disclosure in auditors report relating to inventories

II. (a) As explained to us, Inventories were Physically verified during the year by the Management at Reasonable Intervals. (b) In Our Opinion,
and according to the information and explanation given to us, the procedures of physical verification of inventories followed by the management
were reasonable and adequate in relation to the size of the Company and the nature of its business. (c ) In our opinion and according to the
information and explanation given to us, the Company has maintained proper of its inventories and no material discrepancies were noticed on
physical verification.
Disclosure of physical verification of inventories at fixed intervals

(b) In Our Opinion, and according to the information and explanation given to us, the procedures of physical verification of inventories followed
by the management were reasonable and adequate in relation to the size of the Company and the nature of its business.
Disclosure about maintenance of inventory records and material discrepancies

In our opinion and according to the information and explanation given to us, the Company has maintained proper records of its inventories and no
material discrepancies were noticed on physical verification.
16
Disclosure in auditors report relating to loans

iii. (a) As informed to us, the Company has not granted any loans, secured or Unsecured, from Companies, Firms or other parties listed in the
register maintained under section 301 of the Companies Act, 1956 and as such Clauses (iii) (b) to (iii) (d) are not applicable. (b) The Company
has not taken any loan during the year from Companies, firms or other parties covered in the Register Maintained under section 301 of the
Companies Act, 1956. (C ) In our Opinion, the rate of interest and other terms and conditions of the aforesaid loans, if any, taken by the Company
are prima facie not Prejudicial to the interest of the Company. (d) In respect of the aforesaid loan, if any, the Company was regular in repaying the
Principal amount and was also regular in payment of interest as stipulated.
Disclosure in auditors report relating to internal control system

iv. In our opinion and according to the information and explanation given to us, there are adequate internal Control procedures Commensurate
with the size of the Company and the nature of the business for the purpose of inventory and fixed assets and for the sale of goods and services.
During the course of our audit, no major weakness has been noticed in the internal control system.
Disclosure in auditors report relating to contracts and arrangements under section 301 of companies act
v. In respect of transactions entered in the register maintained in Pursuance of section 301 of the Companies Act, 1956: a) To the best of our
Knowledge and belief and according to the information and explanation given to us, transactions that needed to be entered into the register have
been so entered. b) In our opinion and according to the information and explanation given to us, the transactions made in pursuance of the
contracts or arrangements entered in the register maintained under section 301 of the Companies Act, 1956 and exceeding the value of Rupees
five lakhs in respect of any party during the period, have been made at prices, which are reasonable, having regard to the prevailing market prices
of the relevant time.
Disclosure relating to reasonability of transactions

b) In our opinion and according to the information and explanation given to us, the transactions made in pursuance of the contracts or
arrangements entered in the register maintained under section 301 of the Companies Act, 1956 and exceeding the value of Rupees five lakhs in
respect of any party during the period, have been made at prices, which are reasonable, having regard to the prevailing market prices of the
relevant time.
Disclosure in auditors report relating to statutory dues

IX. According to the Information and the explanations given to us and records examined by us, I our opinion in respect of statutory and other
dues: a) The Company has been generally regular in depositing undisputed statutory dues, including Income Tax and any other statutory dues
with the appropriate Authorities during the period. b) According to the information and explanations given to us, no disputed amounts are payable
in respect of sales Tax, Income Tax, Wealth Tax, Custom Tax, Excise Duty, Service Tax as at 31st March 2013.
Disclosure relating to regularity in payment of undisputed statutory dues

IX. According to the Information and the explanations given to us and records examined by us, I our opinion in respect of statutory and other
dues: a) The Company has been generally regular in depositing undisputed statutory dues, including Income Tax and any other statutory dues
with the appropriate Authorities during the period.
17
Disclosure relating to disputed statutory dues

b) According to the information and explanations given to us, no disputed amounts are payable in respect of sales Tax, Income Tax, Wealth Tax,
Custom Tax, Excise Duty, Service Tax as at 31st March 2013.
Disclosure in auditors report relating to accumulated losses

X. There are no accumulated losses of the Company as on 31 st March 2013. The Company has not incurred cash losses during the financial year
covered by our audit and the immediately preceding financial year.
Disclosure in auditors report relating to default in repayment of financial dues

XI. According to the records of the Company examined by us and the information and explanations given to us, the Company has not defaulted in
repayment of dues to any financial institution or bank or debenture holders as at the Balance Sheet Date.
Disclosure in auditors report relating to guarantee given

XV. In our Opinion and according to the information and explanation given to us, the Company has not given any guarantee for loans taken by
others, from banks or financial institutions during the year.
18
Disclosure in auditor?s report explanatory [Text Block]

AUDITOR?S REPORT
The Members of
LOCUZ ENTERPRISE SOLUTIONS LIMITED
1. We have audited the attached Balance Sheet of LOCUZ ENTERPRISE SOLUTIONS LIMITEDas at 31 st March 2013, the related profit and
Loss Account of the Company for the Year Ended on that date annexed thereto. These Financial Statement are the Responsibility of the
Company?s Management. Our Responsibility is to express an Opinion on these Financial Statements based on our Audit.
2. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material Misstatement. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in financial statements; An Audit also includes assessing the
accounting principles used and significant estimates made by the Management, as well as evaluating the overall financial presentation. We
believe that our audit provides a reasonable basis for our opinion.
3. As required by the Companies (Auditor?s Report) Order 2003 issued by the Central Government in Terms of Section 227(4A) of The
Companies Act, 1956, we Give in the Annexure, a Statement of the Matters Specified in Paragraphs 4 of the said order.
4. Further to our Comments in the Annexure Referred to in above Paragraph , we Report that:
a. We Have obtained all the information and explanations Which to the best of our Knowledge and belief were necessary for the purpose of our
Audit.
B. In Our Opinion, proper books of accounts as required by law have been kept by the Company so far as appears from our examination of the
Books of the Company.
C. The Balance Sheet and Profit and Loss Account Dealt with by the reports are in agreement with the books of account of the Company.
19
d. In our opinion, the profit and Loss Account, Balance Sheet dealt with by this Report Comply with the Accounting standards referred to in sub
section (3C) of Section 211 of the Companies Act, 1956.
e. On the basis of Written Representations received from the Directors as on 31 st March 2013, and taken on record by the Board of Directors,
we Report that none of the Directors are disqualified as on 31st March 2013, from being appointed as a Director of the Company in
terms of Clause (g) of Sub section (1) of section 274 of the Companies Act, 1956.
5. In our Opinion and to the best of our information and according to the Explanations given to us, the said accounts read with significant
accounting policies and other notes thereon, give the information required by the Companies Act, 1956, in the manner so required and give a true
and fair view in Conformity with the accounting principles generally accepted in India:
i. In the case of the Balance Sheet, of the state of affairs of the Company as at 31 st March 2013,
ii. In the Case of the Profit and Loss Account, of the PROFIT for the Year Ended on that Date.
For R.B.KABRA & CO.,

CHARTERED ACCOUNTANTS
FIRM REGN.NO.001680S
Sd/-
(KISHORE KUMAR KABRA
PARTNER
MEMBERSHIP NO. 29772.
PLACE : HYDERABAD
DATE : 8 THMAY 2013.
20
[100100] Balance sheet

31/03/2013 31/03/2012
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 1,00,00,000 1,00,00,000
Reserves and surplus 20,22,45,675 14,52,04,195
Total shareholders' funds 21,22,45,675 15,52,04,195
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 6,28,40,810 80,00,258
Deferred tax liabilities (net) 1,38,89,000 1,06,72,000
Other long-term liabilities 0 0
Long-term provisions 0 0
Total non-current liabilities 7,67,29,810 1,86,72,258
Current liabilities [Abstract]
Short-term borrowings 6,40,05,357 4,10,18,734
Trade payables 33,54,58,354 20,13,87,597
Other current liabilities 7,78,57,201 4,56,26,427
Short-term provisions 91,44,409 1,85,75,256
Total current liabilities 48,64,65,321 30,66,08,014
Total equity and liabilities 77,54,40,806 48,04,84,467
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 6,22,63,629 7,17,25,512
Intangible assets 0 0
Total fixed assets 6,22,63,629 7,17,25,512
Non-current investments 0 0
Long-term loans and advances 9,58,62,922 1,03,61,826
Total non-current assets 15,81,26,551 8,20,87,338
Current assets [Abstract]
Current investments 0 0
Inventories 1,11,82,119 1,60,32,934
Trade receivables 53,18,49,846 31,21,60,719
Cash and bank balances 3,13,01,794 3,12,07,911
Short-term loans and advances 1,63,61,244 3,12,37,773
Other current assets 2,66,19,252 77,57,792
Total current assets 61,73,14,255 39,83,97,129
Total assets 77,54,40,806 48,04,84,467
21
[400300] Disclosures - Signatories of balance sheet
Details of directors signing balance sheet [Table] ..(1)

Directors signing balance sheet [Axis] 1 2
01/04/2012 01/04/2012
to to
31/03/2013 31/03/2013
Details of signatories of balance sheet [Abstract]
Details of directors signing balance sheet [Abstract]
Details of directors signing balance sheet [LineItems]
Name of director signing balance sheet [Abstract]
First name of director VIJAY KOTA
Middle name of director KUMAR VENKATA
Last name of director WADHI DURGANADH
Whole Time
Designation of director Managing Director
Director
Director identification number of director 00087657 01325018
Date of signing of balance sheet by director 08/05/2013 08/05/2013
22
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000
Value of shares authorised 1,00,00,000 1,00,00,000 1,00,00,000 1,00,00,000
Number of shares issued [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000
Value of shares issued 1,00,00,000 1,00,00,000 1,00,00,000 1,00,00,000
Number of shares subscribed and fully paid [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000
Value of shares subscribed and fully paid 1,00,00,000 1,00,00,000 1,00,00,000 1,00,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
Total number of shares subscribed [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000
Total value of shares subscribed 1,00,00,000 1,00,00,000 1,00,00,000 1,00,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000
Value of shares called 1,00,00,000 1,00,00,000 1,00,00,000 1,00,00,000
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 1,00,00,000 1,00,00,000 1,00,00,000 1,00,00,000
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
[shares] 0 [shares] 0 [shares] 0 [shares] 0
placement
Number of shares issued as preferential
allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares arising out of
conversion of securities
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
23
Total decrease in number of shares during

period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000 [shares] 10,00,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0 0 0
Amount of private placement issue during
0 0 0 0
period
Amount of preferential allotment issue
0 0 0 0
during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 0 0 0
Amount of issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
0 0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 0 0 0 0
Share capital at end of period 1,00,00,000 1,00,00,000 1,00,00,000 1,00,00,000
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 7,40,000 [shares] 7,40,000 [shares] 7,40,000 [shares] 7,40,000
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
Shares in company held by subsidiaries of its
ultimate holding company
Shares in company held by associates of its
holding company
Shares in company held by associates of its
ultimate holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 7,40,000 [shares] 7,40,000 [shares] 7,40,000 [shares] 7,40,000
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares
issued pursuant to contracts without [shares] 0 [shares] 0 [shares] 0 [shares] 0
payment being received in cash
Aggregate number of fully paid-up shares
issued by way of bonus shares
Aggregate number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Original paid-up value of forfeited shares 0 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
24
Application money received for allotment of

securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0 0
refund, principal
Application money received for
allotment of securities and due for 0 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
25
Disclosure of classes of share capital [Table] ..(2)

Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2012 01/04/2011
to to
31/03/2013 31/03/2012
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share Equity Equity
Number of shares authorised [shares] 10,00,000 [shares] 10,00,000
Value of shares authorised 1,00,00,000 1,00,00,000
Number of shares issued [shares] 10,00,000 [shares] 10,00,000
Value of shares issued 1,00,00,000 1,00,00,000
Number of shares subscribed and fully paid [shares] 10,00,000 [shares] 10,00,000
Value of shares subscribed and fully paid 1,00,00,000 1,00,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 10,00,000 [shares] 10,00,000
Total value of shares subscribed 1,00,00,000 1,00,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 10,00,000 [shares] 10,00,000
Value of shares called 1,00,00,000 1,00,00,000
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
Total calls unpaid by directors and officers 0 0
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 1,00,00,000 1,00,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Details of shares not fully called [Abstract]
Amount per share called [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
Number of shares issued in private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment [shares] 0 [shares] 0
Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Number of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 10,00,000 [shares] 10,00,000
Reconciliation of value of shares outstanding [Abstract]
Changes in share capital [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of rights issue during period 0 0
Amount of private placement issue during period 0 0
Amount of preferential allotment issue during period 0 0
26
Amount of issue allotted for contracts without payment received in cash

0 0
during period
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Amount of issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 0 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 1,00,00,000 1,00,00,000
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 7,40,000 [shares] 7,40,000
Shares in company held by ultimate holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0
Shares in company held by associates of its holding company [shares] 0 [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0
Total shares in company held by holding company or ultimate holding company
[shares] 7,40,000 [shares] 7,40,000
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
[shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options and contracts or commitments
0 0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts without
[shares] 0 [shares] 0
payment being received in cash
Aggregate number of fully paid-up shares issued by way of bonus shares [shares] 0 [shares] 0
Aggregate number of shares bought back [shares] 0 [shares] 0
Original paid-up value of forfeited shares 0 0
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
0 0
principal
Application money received for allotment of securities and due for refund,
0 0
interest accrued
Total application money received for allotment of securities and due for
0 0
refund and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Number of shares held in company [shares] 92,663 [shares] 92,663 [shares] 96,230 [shares] 96,230
27
Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2012 01/04/2011
31/03/2013 31/03/2012 to to
31/03/2013 31/03/2012
company [Abstract]
Type of share Equity Equity
VIJAY KUMAR VIJAY KUMAR
Name of shareholder WADHI WADHI
PAN of shareholder AABPW0939M AABPW0939M
Country of incorporation or residence of
INDIA INDIA
shareholder
Number of shares held in company [shares] 7,40,000 [shares] 7,40,000 [shares] 92,663 [shares] 92,663
Percentage of shareholding in company 9.27% 9.27%
Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012
company [Abstract]
Type of share Equity Equity Equity Equity
UTTAM KUMAR UTTAM KUMAR
Name of shareholder MAJUMDAR MAJUMDAR
3I INFOTECH LIMITED 3I INFOTECH LIMITED
CIN of shareholder L67120MH1993PLC074411 L67120MH1993PLC074411

PAN of shareholder AHFPM4762P AHFPM4762P
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 96,230 [shares] 96,230 [shares] 7,40,000 [shares] 7,40,000
Percentage of shareholding in company 9.62% 9.62% 74.00% 74.00%

01/04/2012 01/04/2011
to to
31/03/2013 31/03/2012
Disclosure of notes on share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether money raised from public offering during year No No
Disclosure of notes on share capital explanatory [Text Block]

Disclosure :
1. All the Equity Shares carry equal rights and obligations including for dividend and voting.
2. Share Capital includes 485300 equity shares of Rs.10/- each issued as fully paid up Bonus Shares
by capitalization of accumulated profit in 2008.
28
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Surplus [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 5,70,41,480 4,98,49,637 5,70,41,480 4,98,49,637
Total additions to reserves 5,70,41,480 4,98,49,637 5,70,41,480 4,98,49,637
Total changes in reserves 5,70,41,480 4,98,49,637 5,70,41,480 4,98,49,637
Reserves at end of period 20,22,45,675 14,52,04,195 20,22,45,675 14,52,04,195
Statement of changes in reserves [Table] ..(2)

Components of reserves [Axis] Surplus [Member]
31/03/2011
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Reserves at end of period 9,53,54,558
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 6,28,40,810 80,00,258 6,28,40,810 80,00,258

Classification of borrowings [Axis] Term loans from others [Member] Rupee term loans from others [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Borrowings 6,28,40,810 80,00,258 6,28,40,810 80,00,258
29

Classification based on time period [Axis] Short-term [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Borrowings 6,21,80,057 3,90,80,913 18,25,300 19,37,821

Classification of borrowings [Axis] Working capital loans from banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Borrowings 6,21,80,057 3,90,80,913 18,25,300 19,37,821

01/04/2012
to
31/03/2013
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
30
Disclosure of notes on borrowings explanatory [Text Block]

Long Term:
Unsecured:
a.Disclosure:
Term Term Term Term
Particulars
Loan - 1 Loan - 2 Loan - 3 Loan - 4
12 33 72
Period of Maturity with reference to Balance Sheet date 9 Months
Months Months Months
No. of Instalments outstanding 1 3 11 12
b.Disclosure :
Arrangement with CISCO for deferred payment taken as Interest Free Term Loan.
The above arrangement is for deferred Revenue purchases from Redington (India) Limited, Ingram
Micro India Limited
Short Term Borrowings:
Secured & Unsecured
Particulars Period of Outstanding Rate of Overdue

Maturity Amount Interest Amount
and
period
Base
IDBI Renewable Nil
rate +
Cash Credit ever year 6,21,80,057 4.75%
6,21,80,057
ICICI
i base
Cash Credit - do- 18,25,300 Nil
+
10.50%
Secured Working Capital Loans are secured by 1st
paripassu charge on all the current assets
present and future of the Company and corporate
guarantee given by 3i Infotech Limited.
31
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
carrying amount [Axis] [Member] impairment [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012 31/03/2013 31/03/2012
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 54,41,513 5,31,23,037 54,41,513 5,31,23,037
assets
Depreciation tangible assets -1,49,03,396 -1,17,95,691 1,49,03,396 1,17,95,691
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-94,61,883 4,13,27,346 54,41,513 5,31,23,037 1,49,03,396 1,17,95,691
assets
Tangible assets at end of period 6,22,63,629 7,17,25,512 10,35,49,925 9,81,08,412 4,12,86,296 2,63,82,900
32

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012 31/03/2013 31/03/2012
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-94,61,883 4,13,27,346 54,41,513 5,31,23,037 1,49,03,396 1,17,95,691
assets
33

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012 31/03/2013 31/03/2012
[LineItems]
[Abstract]
business combinations tangible 27,53,822 0 27,53,822 0
assets
Depreciation tangible assets -4,88,978 -4,56,737 4,88,978 4,56,737
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
22,64,844 -4,56,737 27,53,822 0 4,88,978 4,56,737
assets
Tangible assets at end of period 72,08,749 49,43,905 99,69,265 72,15,443 27,60,516 22,71,538
34

01/04/2012 01/04/2011 01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012 31/03/2013 31/03/2012
[LineItems]
[Abstract]
business combinations tangible 27,53,822 0 27,53,822 0
assets
Depreciation tangible assets -4,88,978 -4,56,737 4,88,978 4,56,737
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
22,64,844 -4,56,737 27,53,822 0 4,88,978 4,56,737
assets
Tangible assets at end of period 72,08,749 49,43,905 99,69,265 72,15,443 27,60,516 22,71,538
35

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012 31/03/2013 31/03/2012
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-1,17,26,727 4,17,84,083 26,87,691 5,31,23,037 1,44,14,418 1,13,38,954
assets
36

01/04/2012 01/04/2011 01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012 31/03/2013 31/03/2012
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-1,17,26,727 4,17,84,083 26,87,691 5,31,23,037 1,44,14,418 1,13,38,954
assets
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
[Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012 31/03/2013 31/03/2012
Disclosure of additional information
Disclosure of additional information
tangible assets [LineItems]
Straight Line Straight Line
Depreciation method tangible assets - - - -
Value Value
Useful lives or depreciation rates
NA NA NA NA 6.33 6.33
tangible assets
37
Disclosure of additional information tangible assets [Table] ..(2)

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Disclosure of additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
Depreciation method tangible assets - - Straight Line Value Straight Line Value
Useful lives or depreciation rates tangible assets NA NA 4.75 & 16.21 4.75 & 16.21
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis]
[Member]
Internally generated and other than
Sub classes of intangible assets [Axis] internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
31/03/2013 31/03/2012
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Intangible assets at end of period 0 0
[200600] Notes - Subclassification and notes on liabilities and assets
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Stock-in-trade [Member]
01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 1,11,82,119 1,60,32,934 1,11,82,119 1,60,32,934
Inventories consist Inventories consist of Inventories consist Inventories consist of
of hardware and hardware and of hardware and hardware and
supplies, and are supplies, and are supplies, and are supplies, and are
stated at cost stated at cost stated at cost stated at cost
Mode of valuation (computed on first in (computed on first in (computed on first in (computed on first in
first out) or net first out) or net first out) or net first out) or net
realizable value, realizable value, realizable value, realizable value,
whichever is lower. whichever is lower. whichever is lower. whichever is lower.
38
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Loans and advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 9,58,62,922 1,03,61,826 33,95,168 33,91,456
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 9,58,62,922 1,03,61,826 33,95,168 33,91,456
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
[Abstract]
Loans and advances, gross 9,24,67,754 69,70,370 (A) 9,24,67,754 (B) 69,70,370
0 0 0 0
advances
Loans and advances 9,24,67,754 69,70,370 9,24,67,754 69,70,370
[Abstract]
0 0 0 0
0 0 0 0
director
Footnotes
(A) Deferred Revenue expenditure Note: The above arrangement is for deferred Revenue purchases from Redington (India) Limited and
Ingram Micro India Limited is financed by CISCO.
(B) Deferred Revenue expenditure Note: The above arrangement is for deferred Revenue purchases from Redington (India) Limited and
Ingram Micro India Limited is financed by CISCO.
39

Loans advances given employees
Classification of loans and advances [Axis] Loans and advances [Member]
[Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
[Abstract]
Loans and advances, gross 1,63,61,244 3,12,37,773 9,09,285 10,30,908
0 0 0 0
advances
Loans and advances 1,63,61,244 3,12,37,773 9,09,285 10,30,908
[Abstract]
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Other loans and advances [Member] Advance tax [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
[Abstract]
Loans and advances, gross 1,54,51,959 3,02,06,865 0 1,88,87,736
0 0 0 0
advances
Loans and advances 1,54,51,959 3,02,06,865 0 1,88,87,736
[Abstract]
0 0 0 0
0 0 0 0
director
40

Classification of loans and advances [Axis] Advance income tax paid [Member] Other deposit assets [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
[Abstract]
Loans and advances, gross 0 1,88,87,736 (A) 1,49,50,459 (B) 1,13,19,129
0 0 0 0
advances
Loans and advances 0 1,88,87,736 1,49,50,459 1,13,19,129
[Abstract]
0 0 0 0
0 0 0 0
director
Footnotes
(A) Disclosure : Other Deposits includes Sales Tax and withholding Tax paid under protest.
(B) Disclosure : Other Deposits includes Sales Tax and withholding Tax paid under protest.

Other loans and advances, others
Classification of loans and advances [Axis]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2013 31/03/2012
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances, gross 5,01,500 0
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 5,01,500 0
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
41
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 53,43,97,291 32,02,05,539 (A) 53,43,97,291 (B) 32,02,05,539
Allowance for bad and doubtful debts 25,47,445 80,44,820 25,47,445 80,44,820
Total trade receivables 53,18,49,846 31,21,60,719 53,18,49,846 31,21,60,719
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
Footnotes
(A) Outstnading for Less than Six months: 397846545 Outstanding for More than six Months: 6135295 Related party debtors: 36161888
Unbilled revenue: 94253563
(B) Outstnading for Less than Six months: 279140174 Outstanding for More than six Months: 18191533 Related party debtors:
21791594 Unbilled revenue: 1082238
Disclosure of breakup of provisions [Table] ..(1)

31/03/2013 31/03/2012
Subclassification and notes on liabilities and assets [Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision other employee related liabilities 53,92,058 11,40,812
Total provisions for employee benefits 53,92,058 11,40,812
Provision for corporate tax [Abstract]
Provision for current tax (A) 37,52,351 (B) 1,74,34,444
Total provision for corporate tax 37,52,351 1,74,34,444
Total provisions 91,44,409 1,85,75,256
Footnotes
(A) Provision for Income Tax: 19005634 Provision for Income Tax-Earlier years: -15253283
(B) Provision for Income Tax:17325000 Provision for Income Tax-Earlier years: 109444
42

01/04/2012 01/04/2011
to to
31/03/2013 31/03/2012
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Total other long-term liabilities 0 0
Short Term
Provisions:
Disclosure of notes on provisions explanatory [TextBlock] />

Provision
for Taxation is shown net
off TDS and Pre-paid
Taxes
Current maturities of long-term debt 2,45,86,365 83,95,493
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Service tax payable 51,89,079 48,62,493
VAT payable 4,39,682 18,46,262
Taxes payable other tax 96,95,151 83,73,357
Public deposit payable, current 0 0
Total other payables, current 1,53,23,912 1,50,82,112
Advance received from customers 20,86,076 35,97,696
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (A) 3,58,60,848 (B) 1,85,51,126
Total other current liabilities 7,78,57,201 4,56,26,427
Nature of other payables, current Outstanding Liabilities Outstanding Liabilities
Aggregate amount of trade receivables outstanding for period
61,35,295 1,81,91,533
exceeding six months
Fixed deposits with banks 0 0
Other deposits with banks 1,44,67,717 1,00,03,866
Other balances with banks 1,67,27,364 2,11,47,880
Total balance with banks 3,11,95,081 3,11,51,746
Cash on hand 1,06,713 56,165
Total cash and cash equivalents 3,13,01,794 3,12,07,911
Total cash and bank balances 3,13,01,794 3,12,07,911
Balances held with banks to extent held as margin money 1,44,67,717 1,00,03,866
Total balances held with banks to extent held as
margin money or security against borrowings, 1,44,67,717 1,00,03,866
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Other current assets, others (C) 2,66,19,252 (D) 77,57,792

Total other current assets 2,66,19,252 77,57,792
Deferred Revenue Deferred Revenue
Nature of other current assets Expenditure Expenditure
Footnotes
(A) Outstanding Libilities
(B) Outstanding Libilities
(C) The above arrangement is for deferred Revenue purchases from Redington (India) Limited and Ingram Micro India Limited is
financed by CISCO.
(D) The above arrangement is for deferred Revenue purchases from Redington (India) Limited and Ingram Micro India Limited is
financed by CISCO.
43
[200700] Notes - Additional disclosures on balance sheet

01/04/2012 01/04/2011
to to
31/03/2013 31/03/2012
Disclosure of additional balance sheet notes explanatory [TextBlock] [See below]
Claims against company not acknowledged as debt 69,97,578 99,14,568
Guarantees 18,99,31,449 13,15,46,586
Total contingent liabilities 19,69,29,027 14,14,61,154
Total contingent liabilities and commitments 19,69,29,027 14,14,61,154
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Percentage of equity shares held up by other body corporates 74.00%
Percentage of equity shares held up by directors and related parties 26.00%
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Whether maintenance of cost records by company has
been mandated under any cost accounting records
No No
rules notified under section 209(1)(d) of
companies act,1956
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
44
Disclosure of additional balance sheet notes explanatory [Text Block]
2.1 Capital commitments and contingent liabilities
In Rupees
As at
As at
Mar31, 2013
Mar 31, 2012
Capital Commitments :
Contingent Liabilities not provided for in respect of:-
Outstanding guarantees given by banks 189931449 131546586
Estimated amount of claims against the Company not acknowledged as debts in respect of:
- Disputed Income tax matters 97409 2368277
- Disputed Sales tax matters 6900169 7546291
- Customer Claims
Disclosure :
There are no dues to any creditors constituting "Suppliers" within the meaning of Section 2(n)
of the Micro, Small and Medium Enterprises Development Act, 2006.
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2012
to
31/03/2013
Disclosure of accounting policies, change in accounting policies and Textual information (27)
changes in estimates explanatory [TextBlock] [See below]
Disclosure of general information about company [TextBlock] [See below]
45
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
NOTES FORMING PART OF FINANCIAL STATEMENTS AS ON 31STMARCH,2013
Schedule 23 - Significant Accounting Policies and Notes to the Financial Statements:
HISTORY:
Locuz Enterprise Solutions Limited was incorporated in the year 1999 and has over the last 13 years provided focused IT Infrastructure Services
across the geography of India, with its Head Quarters at Hyderabad and having branches at Bangalore,Pune, Delhi, Chennai and Singapore .
Addressing the various IT Infrastructure needs in verticals like Education & Research, Defence, IT / ITES, Corporates in India,Locuz has
emerged as a successful & profitable business operation owing to their niche specialization in certain areas of operation. What differentiates
Locuz in the industry is its sole focus on Technology Infrastructure applied to select client industries where it provides end-to-end services
capability (Plan, Acquire, Deploy, Maintain& Retire).
1. SIGNIFICANT ACCOUNTING POLICIES:
1.1 Method of Accounting
The financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (?GAAP?) under the historical cost
convention on the accrual basis. GAAP comprises mandatory accounting standards issued by the Companies (Accounting Standards) Rules, the
provisions of the Companies Act, 1956 and guidelines issued by the Securities and Exchange Board of India. Accounting policies have been
consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard required
a change in accounting policy hitherto in use.
1.2 Use of estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the
reported amount of assets, liabilities, revenues and expenses and disclosure of contingent liabilities on the date of financial statements. The
recognition, measurement, classification or disclosures of an item or information in the financial statements are made relying on these estimates.
Any revision to accounting estimates is recognized prospectively.
1.3 Revenue Recognition
Revenue from software products is recognized on delivery/installation, as per the predetermined/laid down policy across all geographies or lower,
as considered appropriate by the management on the basis of facts in specific cases. Maintenance revenue in respect of products is deferred and
recognized ratably over the period of the underlying maintenance agreement.
46
The efforts of Support team involved in implementing the IT Solutions projects is recognized upto1% of the value of IT Solutions revenue and
recognized at quarterly intervals as service revenue with effect from 31 st December,2012. from recognizing same along with the product
turnover. The change in the accounting policy will not have any financial implication.
Liquidated damages and penalties are accounted as per the contract terms wherever there is a delayed delivery attributable to the Company and
when there is a reasonable certainty with which the same can be estimated.
Revenue from IT services is recognized either on time and material basis or fixed price basis or based on certain measurable criteria as per
relevant agreements. Revenue on time and material contracts is recognized as and when services are performed. Revenue on fixed-price contracts
is recognized on the percentage of completion method. Provision for estimated losses, if any, on such uncompleted contracts are recorded in the
period in which such losses become probable based on the current estimates.
Revenue from transaction services and other service contracts is recognized based on transactions processed or manpower deployed.
Revenue from supply of Hardware/Outsourced Software License/Term License/Other Materials is incidental to the aforesaid services recognized
based on delivery/installation, as the case may be. Recovery of incidental expenses is added to respective revenue
1.4 Unbilled Revenue
Unbilled revenue comprises revenues recognized in relation to efforts incurred, not billed as of the period end.Where services are performed, and
goods procured for specific delivery are in process of delivery in accordance with agreed terms.
1.5. a. Fixed Assets
Tangible: Fixed Assets are stated at cost, which comprises of purchase consideration and other directly attributable cost of bringing an asset to its
working condition for the intended use.
Advances given towards acquisition of fixed assets and the cost of assets not ready for use as at the balance sheet date are disclosed under capital
work-in-progress.
The Company has changed its Depreciation Policy from WDV method to SLM in the F.Y 2008-09.
47
1.5.b. Depreciation / Amortization:
Depreciation on fixed assets is provided on straight-line method at the rates and in the manner as prescribed in Schedule XIV to the Companies
Act, 1956.
1.6 Impairment of Assets
In accordance with AS 28 on ?Impairment of Assets?, where there is an indication of impairment of the Company?s assets related to cash
generating units, the carrying amounts of such assets are reviewed at each balance sheet date to determine whether there is any impairment. The
recoverable amount of such assets is estimated as the higher of its net selling price and its value in use. An impairment loss is realizable whenever
the carrying amount of such assets exceeds its recoverable amount. Impairment loss is recognized in the Profit & Loss account. If at the balance
sheet date there is an indication that a previously assessed impairment loss no longer exists, then such loss is reversed and the asset is restated to
extent of the carrying value of the asset that would have been determined (net of amortization/depreciation) had no impairment loss been
recognized.
1.7 Inventory
Inventories consist of hardware and supplies, and are stated at cost (computed on first in first out) or net realizable value, whichever is lower.
1.8 Accounting for Taxes on Income
Provision for current income tax is made on the basis of taxable income for the year in accordance with the Income Tax Act, 1961.
MAT credit asset is recognized and carried forward only if there is a reasonable certainty of it being set off against regular tax payable within the
stipulated statutory period.
Deferred tax resulting from timing differences between book and tax profits is accounted for under the liability method, at the current rate of tax,
to the extent that the timing differences are expected to crystallize. Deferred tax assets are recognized and carried forward only if there is a
virtual/reasonable certainty that they will be realized and are reviewed for the appropriateness of their respective carrying values at each balance
sheet date.
1.9 Translation of Foreign Currency Items
Transaction in foreign exchange is initially recognized at the rates prevailing on the dates of transactions. Exchange difference arising out of
restatement of foreign currency liabilities for acquisition of fixed assets are translated prevailing on the last working day of the accounting year is
adjusted to the cost of fixed assets
48
All monetary assets and liabilities are restated at each balance sheet date using the closing rate. Resulting exchange difference is recognized as
income or expense in that period.
1.10 Accounting of Employee Benefits
Employee Benefits to employees in India
a) Gratuity
Liability for Gratuity is provided on the basis of the actuarial valuation.
b) Provident fund
Eligible employees receive benefits from a provident fund, which is a defined contribution plan to the Government administered Trust. Company
also contributes to a Government administered pension fund on behalf of its employees.
c) Leave Encashment
Liability for leave salary payable to employee is provided for on accrual basis.
d) All actuarial gains/losses are charged to revenue in the period/year these arise.
1.11 Provisions, Contingent Liabilities and Contingent Assets
i) Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of
past events and it is probable that there will be outflow of resources.
49
ii) Disclosures for a contingent liability is made, without a provision in books, when there is an obligation that may, but probably will not,
require outflow of resources.
iii) Contingent Assets are neither recognized nor disclosed in the financial statement
1.12 Borrowing Costs
Borrowing costs directly attributable to acquisition, construction and production of qualifying assets are capitalized as a part of the cost of such
asset upto the date of completion. Other borrowing costs are charged to the Profit & Loss account
1.13 Lease
Where the Company has substantially acquired all risks and rewards of ownership of the assets, leases are classified as financial lease. Such assets
are capitalized at the inception of the lease, at the lower of fair value or present value of minimum lease payment and liability is created for an
equivalent amount. Each lease rental paid is allocated between liability and interest cost so as to obtain constant periodic rate of interest on the
outstanding liability for each year.
Where significant portion of risks and reward of ownership of assets acquired under lease are retained by lessor, leases are classified as Operating
lease. Equalized lease rentals for such leases are charged to Profit & Loss account.
1.14 Earnings per share
In determining the earnings per share, the Company considers the net profit after tax and post tax effect of any extra-ordinary/exceptional item is
shown separately. The number of shares considered in computing basic earnings per share is the weighted average number of shares outstanding
during the year. The number of shares considered for computing diluted earnings per share comprises the weighted average number of shares used
for deriving the basic earnings per share and also the weighted average number of equity shares that could have been issued on the conversion of
all dilutive potential equity shares which includes potential FCCB conversions. The number of shares and potentially dilutive equity shares are
adjusted for any stock splits and bonus shares issues.
2. NOTES TO ACCOUNTS
2.1 Capital commitments and contingent liabilities
In Rupees
50
As at
As at
Mar31, 2013
Mar 31, 2012
Capital Commitments :
Contingent Liabilities not provided for in respect of:-
Outstanding guarantees given by banks 189931449 131546586
Estimated amount of claims against the Company not acknowledged as debts in respect of:
- Disputed Income tax matters 97409 2368277
- Disputed Sales tax matters 6900169 7546291
- Customer Claims
2.2 Direct Orders
Company has booked the orders directly on the OEM for which Commission has been earned.
In Rupees
As at
As at
Mar31, 2013
Mar 31, 2012
51
Direct Orders on OEM 153825617 337661163
2.3. Leases:
a. Operating Lease:
(i) All lease arrangements in respect of properties are renewable /cancelable at the Company?s and/or lessors? option as mutually agreed. The
future lease rental payment that the Company is committed to make is:
In Rupees
As at
As at
Mar31, 2013
Mar 31, 2012
1888622
- within one year 1637316
3177122
- later than one year and not later than five years 1762078
- later than five years - -
b. Financial Lease:
There were no financial leases entered into by the Company.
2.4 Auditors? Remuneration
In Rupees
As at
As at
Mar 31, 2012
Mar 31, 2013
Audit Fees 449440 332445
52
Tax Audit Fees
Taxation Matters
Total 449440 332445
2.5 Earnings Per Share
The earnings per share have been computed in accordance with the ?Accounting Standard 20 ? Earnings Per Share. The numerators and
denominators used to calculate Basic and Diluted Earnings Per Share:
In Rupees
As at
As at
Mar31, 2013
Mar 31, 2012
Profit/(Loss) attributable to Equity Shareholders (In Rupees) A 57041480

49849637
Weighted average number of Equity Shares outstanding during the period (Nos.) B
1000000 1000000
Diluted weighted average number of Equity Shares outstanding during the period (Nos.) C
Nominal value of Equity Shares (In Rupees)

10 10
Basic Earnings Per Share (In Rupees) A/B 57.04 49.85
Diluted Earnings Per Share (In Rupees) A/C

57.04 49.85
53
2.6 Exchange Difference values in P&L
In Rupees
As at
As at
Mar 31,2013
Mar 31, 2012
Foreign Exchange -(Loss) (1301706)
Foreign Exchange ? Profit 2906963
2.7 Related Party Transactions
In accordance with the Accounting Standard No.18, the details of related party transactions are
as follows: In Rupees
As at As at
S.NO. NAME OF THE PARTY RELATIONSHIP NATURE OF TRANSACTION Mar 31, 2013 Mar 31, 2012
54
1. 3i-Infotech Limited Parent Company Income

62996795
24796026
Expenses 9454688 199759266
.. Debtors 36161887 21791594
Creditors 8397185 3073343
a. Mr.Vijay Kumar Wadhi Director Remuneration 6000000 6000000
b. Mr.UttamMajumdar Director Remuneration 5250000 5250000
c. Mr.Durganadh.K.Venkata Director Remuneration 5250000 5250000
Note:Director Remuneration is subject to approval
2.8. Related party as identified by the management and relied upon by the auditor.
2.9. No balances in respect of the related parties have been provided for/written back/ written of except as stated above.
2.10: Realizable value of Current Assets, Loans and advances
In the opinion of the Board, the investments, current assets, loans and advances are realizable at a value, which is at least equal to the amount at
which these are stated, in the ordinary course of business and provision for all known and determined liabilities are adequate and not in excess of
the amount stated.
55
2.11 Additional Information pursuant to Note 5 of Part II of the Revised Schedule ? VI of the Companies Act.
In Rupees
As at As at
Particulars Mar31, 2013 Mar 31, 2012
1 CIF Value of Imports 222047127 555210225
2 Travelling Expenditure in Foreign Currency 845013 995755
3 Commission in Foreign Currency 5120194 9904331
4 Rebate in Foreign Currency 38923402 19573504
5 Goods and Services-Imported 222047127 555210225
Goods and Services ? Indigenous 1222284303 583067776
2.12 : Foreign exchange currency exposures
As at As at
Mar31, 2013 Mar 31, 2012
Amount Amount
Particulars Currency type Amount (Foreign currency) Amount (Foreign currency)
56
(In Rupees) (In Rupees)
Current Assets, Loans and Advances
USD 1895781.78 103110244.14 1885824 96441039.36
Current Liabilities USD 3625748.78 197201938.20 1925012 98445113.38
2.13 Figures for the previous year have been re-grouped / re-arranged, wherever considered necessary to conform to current year?s presentation.
For R B Kabra& Co For and on behalf of the Board
Chartered Accountants
Firm Regn.No.001650 S
Sd/- Sd/- Sd/-
Kishore Kumar Kabra Vijay Kumar Wadhi Durganadh K Venkata
Partner Managing Director Whole Time Director
Membership No.227027
Hyderabad ,
Dated:08 th May,2013
57
Disclosure of general information about company [Text Block]

HISTORY:
Locuz Enterprise Solutions Limited was incorporated in the year 1999 and has over the last 13 years provided focused IT Infrastructure Services
across the geography of India, with its Head Quarters at Hyderabad and having branches at Bangalore,Pune, Delhi, Chennai and Singapore .
Addressing the various IT Infrastructure needs in verticals like Education & Research, Defence, IT / ITES, Corporates in India,Locuz has
emerged as a successful & profitable business operation owing to their niche specialization in certain areas of operation. What differentiates
Locuz in the industry is its sole focus on Technology Infrastructure applied to select client industries where it provides end-to-end services
capability (Plan, Acquire, Deploy, Maintain& Retire).
[201200] Notes - Employee benefits

01/04/2012
to
31/03/2013
Disclosure of employee benefits explanatory [TextBlock] [See below]
58
Disclosure of employee benefits explanatory [Text Block]

1.10 Accounting of Employee Benefits
Employee Benefits to employees in India
a) Gratuity
Liability for Gratuity is provided on the basis of the actuarial valuation.
b) Provident fund
Eligible employees receive benefits from a provident fund, which is a defined contribution plan to the Government administered Trust. Company
also contributes to a Government administered pension fund on behalf of its employees.
c) Leave Encashment
Liability for leave salary payable to employee is provided for on accrual basis.
d) All actuarial gains/losses are charged to revenue in the period/year these arise.
59
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1 2
01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Disclosure of relationship and transactions
between
related parties [Abstract]
Disclosure of relationship and transactions
between
related parties [LineItems]
VIJAY KUMAR VIJAY KUMAR
Name of related party 3i Infotech Limited 3i Infotech Limited
WADHI WADHI
related INDIA INDIA INDIA INDIA
party
Permanent account number of related party
AABPW0939M AABPW0939M
CIN of related party L67120MH1993PLC074411 L67120MH1993PLC074411

Description of nature of related party Key Management Key Management
Holding company Holding company
relationship Personnel Personnel
Description of nature of transactions with
related Income/Expense/Debtors/Creditors Income/Expense/Debtors/Creditors Remuneration Remuneration
party
Related party transactions [Abstract]
Purchases of goods related party
94,54,688 19,97,59,266
transactions
Revenue from sale of goods related party
2,47,96,026 6,29,96,795
transactions
Transaction relating to key management
personnel
[Abstract]
Remuneration for key managerial
0 0 60,00,000 60,00,000
personnel
Outstanding balances for related party
transactions [Abstract]
Maximum amount payable to related
party during 83,97,185 30,73,343
period
Maximum amount receivable from
related party 3,61,61,887 2,17,91,594
during period
Amount written off during period in
respect 0 0 0 0
of debts due from related parties
Amount written back during period in
respect 0 0 0 0
of debts due to related parties
60
Disclosure of relationship and transactions between related parties [Table] ..(2)

Categories of related parties [Axis] 3 4
01/04/2012 01/04/2011 01/04/2012 01/04/2011
to to to to
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
UTTAM KUMAR UTTAM KUMAR KOTA VENKATA KOTA VENKATA
Name of related party MAJUMDAR MAJUMDAR DURGANADH DURGANADH
Country of incorporation or residence of related
INDIA INDIA INDIA INDIA
party
Permanent account number of related party AHFPM4762P AHFPM4762P ACPPD2887H ACPPD2887H
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
Description of nature of transactions with related
Remuneration Remuneration Remuneration Remuneration
party
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 52,50,000 52,50,000 52,50,000 52,50,000
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties

01/04/2012 01/04/2011
to to
31/03/2013 31/03/2012
Disclosure of notes on related party explanatory [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 4(1)(b) Section 4(1)(b)
61
Disclosure of notes on related party explanatory [Text Block]

2.7 Related Party Transactions
In accordance with the Accounting Standard No.18, the details of related party transactions are
as follows: In Rupees
As at As at
S.NO. NAME OF THE PARTY RELATIONSHIP NATURE OF TRANSACTION Mar 31, 2013 Mar 31, 2012
1. 3i-Infotech Limited Parent Company Income

62996795
24796026
Expenses 9454688 199759266
.. Debtors 36161887 21791594
Creditors 8397185 3073343
a. Mr.Vijay Kumar Wadhi Director Remuneration 6000000 6000000
b. Mr.UttamMajumdar Director Remuneration 5250000 5250000
c. Mr.Durganadh.K.Venkata Director Remuneration 5250000 5250000
62
Note:Director Remuneration is subject to approval
2.8. Related party as identified by the management and relied upon by the auditor.
2.9. No balances in respect of the related parties have been provided for/written back/ written of except as stated above.
[201400] Notes - Leases
Disclosure of minimum operating lease payments by lessee [Table] ..(1)

Later than one year and not later than
Maturity [Axis] Not later than one year [Member]
five years [Member]
31/03/2013 31/03/2012 31/03/2013 31/03/2012
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of operating lease by lessee [Abstract]
Disclosure of minimum operating lease payments
by lessee [Abstract]
Disclosure of operating lease by lessee
[LineItems]
Minimum operating lease payments payable 18,88,622 16,37,316 31,77,122 17,62,078

01/04/2012
to
31/03/2013
Disclosure of leases explanatory [TextBlock] [See below]
63
Disclosure of leases explanatory [Text Block]

2.3. Leases:
a. Operating Lease:
(i) All lease arrangements in respect of properties are renewable /cancelable at the Company?s and/or lessors? option as mutually agreed. The
future lease rental payment that the Company is committed to make is:
In Rupees
As at
As at
Mar31, 2013
Mar 31, 2012
1888622
- within one year 1637316
3177122
- later than one year and not later than five years 1762078
- later than five years - -
b. Financial Lease:
There were no financial leases entered into by the Company.
[300300] Notes - Earnings per share

01/04/2012 01/04/2011
to to
31/03/2013 31/03/2012
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 5,70,41,480 4,98,49,637
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 5,70,41,480 4,98,49,637
64
[202800] Notes - Subsidiary information

01/04/2012
to
31/03/2013
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
[201900] Notes - Income taxes

01/04/2012
to 31/03/2012
31/03/2013
Disclosure of notes on income taxes explanatory [TextBlock] [See below]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax liabilities [Abstract]
Deferred tax liability, depreciation 1,38,89,000 1,06,72,000
Total deferred tax liabilities 1,38,89,000 1,06,72,000
Disclosure of notes on income taxes explanatory [Text Block]

Note : 4 Net Deferred Tax :
The Company has provided for Deferred Tax in
accordance with the Accounting Standard on
"Accounting for Taxes on Income" (AS 22) issued
by the Institute of Chartered Accountants of India.
The
details of deferred tax assets and liabilities of the
Company as on the date of Balance sheet are as
follows:
Figures as at end of the Reporting Figures as at the end of previous
Particulars period ended 31-03-2013(Amount in Year ending31.03.2012 (Amount in
Rs.) Rs.)
I. Deferred Tax Liability :
On timing difference on depreciation of Fixed Assets 5,02,37,458 4,17,03,958
II. Deferred Tax Asset :
On account of timing difference in recognition of
-74,31,312 -88,11,438
expense allowable on payment basis
4,28,06,146 3,28,92,520
Deferred Tax thereon rounded off 1,38,89,000 1,06,72,000
Less: Provided for in the Previous Year 1,06,72,000 34,55,000
32,17,000 72,17,000
65
[202400] Notes - Investments in associates

01/04/2012
to
31/03/2013
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2012
to
31/03/2013
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
[202700] Notes - Cash flow statements

31/03/2013 31/03/2012
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Total cash and cash equivalents 3,13,01,794 3,12,07,911
66

Locusz Enterprise Balance Sheet - FY 2012-13

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Locusz Enterprise Balance Sheet - FY 2012-13

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Locuz Enterprise Solutions Limited

Standalone Balance Sheet for period 01/04/2012 to 31/03/2013

[400100] Disclosure of general information about company

[400400] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

5. Appointment of Mr. Nagaraj G N as a Director of the Company

For and On behalf of the Board of Directors

Vijay Kumar Wadhi

MCH No. 4-1-938/31-35 (New#3),

3 rd Floor, Sudha House, Tilak Road,

Abids, Hyderabad ? 500001

For and On behalf of the Board of Directors

Vijay Kumar Wadhi

MCH No. 4-1-938/31-35 (New#3),

3 rd Floor, Sudha House, Tilak Road,

Abids, Hyderabad ? 500001

EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE COMPANIES ACT, 1956

Appointment of Mr. Nagaraj G.N. as Director

None of the Director except Mr. Nagaraj G N is interested in the Resolution.

For and On behalf of the Board of Directors

Vijay Kumar Wadhi

MCH No. 4-1-938/31-35 (New#3),

3 rd Floor, Sudha House, Tilak Road,

Abids, Hyderabad ? 500001

Locuz Enterprise Solutions Limited

Year ended Year ended

Total Revenue 1 74.93 1 44.03

Less: Interest 1.23 1.53

Less: Depreciation 1.49 1.18

Less: Exceptional Items 0 1.46

Profit/ (Loss) before Tax 9.27 7.59

Less: Provision for Tax (Current Tax and Differed Tax)

Earning Per Share 57 50

9. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

10. FOREIGN EXCHANGE EARNINGS AND OUTGO;

11. PARTICULARS OF EMPLOYEES:

12. DIRECTORS RESPONSIBILITY STATEMENT:

d) We have prepared the Annual Accounts on a going concern basis.

For and On behalf of the Board of Directors

Date: May 8, 2013

Place: Mumbai Sd/- Sd/-

Vijay Kumar Wadhi Uttam Kumar Majumdar

Managing Director Whole-Time Director

Textual information (2)

Description of state of companies affair

Textual information (3)

Details regarding energy conservation

Textual information (4)

Details regarding technology absorption

Textual information (5)

Details regarding foreign exchange earnings and outgo

Textual information (6)

Particulars of employees as per provisions of section 217

Textual information (7)

Disclosures in director?s responsibility statement