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Half-Yearly Results - Sept. 2013
ENERGY EFFICIENCY SERVICES LTD
 
Comparative Working Results for half year ended 30.9.2012 & 30.9.2013

                                                                     
                                                                                                                                                                                               
      Financial Year Rs. in Lakh
Sl No Particulars 30.9.2012 30.9.2013 % increase (+)
      Actual Actual Decrease (-)
1   Income      
  a Revenue from Operation 676.76 1275.32 88.44%
  b Other Income 569.91 471.62 -17.25%
    Total Revenue 1246.67 1746.94 40.13%
2   Expenses      
  a Project expenses 506.03 994.94 96.62%
  b Employee Benefit Expenses 112.36 121.77 8.37%
  c Administartive Expenses 113.33 255.12 125.11%
  d Depreciation 7.79 7.60 -2.44%
    Total Expenses 739.51 1379.43 86.53%
3   Operating Loss -62.75 -104.11 65.91%
4   Profit before Tax 507.16 367.51 -27.54%
5   Tax expenses 164.46 124.85 -24.08%
6   Profit after Tax 342.70 242.66 -29.19%

ENERGY EFFICIENCY SERVICES LIMITED            
BALANCE SHEET AS AT 30.09.2013            
              (Amount in `)  
          As at   As at  
      Note 30.09.2013 31.03.2013  
EQUITY AND LIABILITIES            
Shareholders' Funds              
Share Capital   2   900,000,000.00 900,000,000.00  
Reserves and Surplus   3   159,553,973.50   135,288,078.00  
          1,059,553,973.50 1,035,288,078.00  
Non-current liabilities              
Long-term provisions   4   1,138,340.00   836,580.00  
          1,138,340.00 836,580.00  
Current liabilities              
Trade payables   5   7,541,499.00 65,396,943.00  
Other current liabilities   6   34,320,273.36 103,782,237.00  
Short-term provisions   7   12,274,453.00 31,039,990.00  
                 
          54,136,225.36 200,219,170.00  
                 
          1,114,828,538.86 1,236,343,828.00  
ASSETS              
             
Non-current assets              
Fixed assets              
Tangible assets   8   3,254,940.00 1,823,135.00  
Intangible assets   8   111,524.00 179,450.00  
Deferred tax Asset   9   73,044.00 284,090.00  
Long-term loans and advances 10   9,080,170.00   7,850,369.00  
          12,519,678.00 10,137,044.00  
Current assets              
Trade receivables   11   36,989,165.36 88,184,913.00  
Cash and bank balances   12   1,006,825,637.00 1,034,321,341.00  
Short-term loans and advances 13   11,868,099.00 39,135,029.00  
Other current assets   14   45,758,775.50 64,565,501.00  
Project under construction       867,184.00   0.00  
          1,102,308,860.86 1,226,206,784.00  
                 
          1,114,828,538.86 1,236,343,828.00  
Significant accounting policies 1          
         
The accompanying notes form an integral part of these financial statements.   As per our audit report of even  
              date annexed  
            Also refer para 4 of Audit Report  
For and on behalf of the Board of Directors       For G. K. Kedia & Co.  
            Chartered Accountants  
              FRN 013016N  
Prakash Thakkar Saurabh Kumar Pooja Shukla   Gopal Kumar Kedia  
Chairman Managing Director Company Secretary     Partner  
              M. No. 054629  
Place : New Delhi              
Dated :              
 

ENERGY EFFICIENCY SERVICES LIMITED          
STATEMENT OF PROFIT AND LOSS FOR THE HALF YEAR ENDED 30.09.2013      
            (Amount in `)  
        Half Year Ended   Year Ended  
Particulars   Note 30.09.2013 31.03.2013  
INCOME            
Revenue from operations 15 127,531,859.50 148,122,354.00  
Other income   16 47,162,312.00   115,271,001.00  
Total revenue     174,694,171.50 263,393,355.00  
EXPENSES            
Project Expenses   17 97,763,208.00 103,608,729.00  
Employee benefits expense 18 12,177,496.00 25,264,001.00  
Finance costs   19 0.00 169,502.00  
Depreciation and amortization expense 8 759,651.00 1,554,166.00  
Administration & other expenses 20 25,511,774.00 38,629,684.00  
Prior period items (net)   21 1,730,648.00   2,890.00  
Total expenses     137,942,777.00 169,228,972.00  
             
Profit before tax     36,751,394.50 94,164,383.00  
Tax expense:            
Current tax            
Current year     12,274,453.00 31,039,990.00  
Earlier years     0.00 (1,963.00)  
Deferred tax     211,046.00 (308,655.00)  
             
Total tax expense     12,485,499.00   30,729,372.00  
Profit/(loss) for the period/year   24,265,895.50 63,435,011.00  
Earnings per equity share (Par value of ` 10/- each)          
         
Basic     0.27 16.11  
Diluted     0.27 0.64  
The accompanying notes form an integral part of these financial statements. As per our audit report of even date annexed with balance sheet  
         
For and on behalf of the Board of Directors     For G.  
          Chartere  
          FRN  
Prakash Thakkar Saurabh Kumar Pooja Shukla   Gopal  
Chairman Managing Director Company Secretary   Partner  
          M. No.  
Place : New Delhi            
Dated :            
 

ENERGY EFFICIENCY SERVICES LIMITED
 
NOTES FORMING PART OF THE BALANCE SHEET AS AT 30.09.2013
 
              (Amount in ` )  
          As at   As at  
          30.09.2013 31.03.2013  
NOTE 2:                
SHARE CAPITAL                
Equity Share Capital                
AUTHORIZED                
of par value of  `10/- (`10/-) each         1,900,000,000.00 1,900,000,000.00  
ISSUED, SUBSCRIBED AND FULLY PAID-UP              
             
par value of `10/- (`10/-) each         900,000,000.00   900,000,000.00  
          900,000,000.00 900,000,000.00  
               
(a) Reconciliation of the shares outstanding at the beginning and at the end of the reporting period      
                 
Equity Shares As at As at        
  30th September, 2013 31st March, 2013      
  Number Amount Number   Amount      
Shares Outstanding at the                
beginning of the Year 90,000,000.00 900,000,000.00 2,500,000.00   25,000,000.00      
Add: Shares Issued during the FY 0.00 0.00 87,500,000.00   875,000,000.00      
Shares Outstanding at the end of                
the half Year 90,000,000.00 900,000,000.00 90,000,000.00   900,000,000.00      
 
(b) Terms/ rights attached to equity shares
 
The company has only one class of equity shares having par value of Rs 10 per share. Each holder of equity shares is entitled to one vote per share.
 
(c) Details of shareholders holding more than 5% shares in the company
 
  As at As at  
Name of the Shareholder 30th September, 2013 31st March, 2013  
  % holding in the   % holding in the  
       
  Number class Number class  
NTPC Limited 22,500,000 25% 22,500,000 25%  
Powergrid Corporation of India          
Limited 22,500,000 25% 22,500,000 25%  
Rural Electrification Corporation          
Limited 22,500,000 25% 22,500,000 25%  
Power Finance Corporation Limited 22,500,000 25% 22,500,000 25%  
 
As per records of the company, including its register of shareholders/ members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.

ENERGY EFFICIENCY SERVICES LIMITED
 
NOTES FORMING PART OF THE BALANCE SHEET AS AT 30.09.2013
 
      (Amount in ` )  
  As at   As at  
  30.09.2013 31.03.2013  
NOTE 3:        
RESERVES & SURPLUS        
Surplus        
Opening balance 135,288,078.00 71,853,067.00  
Add: Profit/(loss) for the period/year 24,265,895.50 63,435,011.00  
         
  159,553,973.50 135,288,078.00  
NOTE 4:        
       
LONG-TERM PROVISIONS        
Provision for Employee benefits (Leave Encashment)        
Opening Balance 836,580.00 0.00  
Additions during the year 301,760.00 836,580.00  
Less: Set off against paid during the period/year 0.00   0.00  
Closing balance 1,138,340.00 836,580.00  
NOTE 5:        
       
TRADE PAYABLES        
Sundry Creditors 7,541,499.00 65,396,943.00  
         
  7,541,499.00 65,396,943.00  
NOTE 6:        
       
OTHER CURRENT LIABILITIES        
Liabilities for Expenses 6,661,637.00 3,454,903.00  
Book Overdraft-UBI 35236 10,317,139.36 0.00  
Retention Money 365,020.00 457,662.00  
Earnest Money Deposit 866,000.00 486,000.00  
TDS Payable 2,865,023.00 2,344,751.00  
Expenses Payable 4,129,799.00 408,916.00  
Advance Received against Project 9,115,655.00 1,903,815.00  
Advance Received from Bureau of Energy Efficiency 0.00 83,221,364.00  
PAT PROJECT Scheme 0.00   11,504,826.00  
  34,320,273.36 103,782,237.00  
NOTE 7:        
       
SHORT TERM PROVISIONS        
Provision for Income Tax        
Opening Balance 31,039,990.00 2,606,837.00  
Additions during the period/year 12,274,453.00 31,039,990.00  
Less: Set off against taxes paid 31,039,990.00   26,068,637.00  
Closing balance 12,274,453.00 31,039,990.00  
         

NOTE 9:        
DEFERRED TAX ASSETS (NET)        
Deferred tax assets        
Preliminary Expenses 0.00 50,532.00  
Provision for Leave Encashment 369,334.00   271,428.00  
Gross deferred tax assets 369,334.00 321,960.00  
Deferred tax liability        
Difference of book depreciation and tax depreciation 296,290.00   37,870.00  
Gross deferred tax liability 296,290.00 37,870.00  
         
Net Deferred Tax Asset 73,044.00 284,090.00  
NOTE 10:        
       
LONG TERM LOANS & ADVANCES        
Security Deposit 1,968,592.00 1,968,592.00  
Advance Rent- (IWAI) 6,535,308.00 5,881,777.00  
Conveyance Advance 576,270.00   0.00  
  9,080,170.00 7,850,369.00  
NOTE 11:        
       
TRADE RECEIVABLES        
Unsecured and considered good        
For period exceeding six months 3,652,537.00 3,716,832.00  
Others 33,336,628.36   84,468,081.00  
  36,989,165.36 88,184,913.00  
NOTE 12:        
       
CASH & BANK BALANCE        
Cash in hand-Imprest 25,000.00 0.00  
Balance with scheduled banks in current account 106,800,637.00 18,055,588.00  
Balance with scheduled banks in FD account 900,000,000.00   1,016,265,753.00  
  1,006,825,637.00 1,034,321,341.00  
NOTE 13:        
       
SHORT TERM LOANS & ADVANCES        
Advance Tax & TDS 7,034,148.00 32,919,821.00  
CENVAT 48,988.00 4,242.00  
Service tax paid (Advance) 1,146,602.00 6,147,441.00  
Receivable in cash or in kind 3,638,361.00 0.00  
Others 0.00   63,525.00  
  11,868,099.00 39,135,029.00  
NOTE 14:        
       
OTHER CURRENT ASSETS        
Interest Accrued on Fixed Deposit with Bank 42,685,338.00 3,264,339.00  
Accrued Income 1,226,945.50 0.00  
Income tax refundable (12-13) 1,846,492.00 0.00  
Project-PAT work in progress 0.00   61,301,162.00  
  45,758,775.50 64,565,501.00  
         
 

ENERGY EFFICIENCY SERVICES LIMITED
 
NOTES FORMING PART OF THE STATEMENT OF PROFIT AND LOSS FOR THE HALF YEAR ENDED 30.09.2013
 
      (Amount in `)  
  Half Year Ended   Year Ended  
  30.09.2013 31.03.2013  
NOTE 15:        
REVENUE FROM OPERATION        
Consultancy Income (EESL) 20,997,355.00 45,927,721.00  
Consultancy Income (PAT) 104,006,478.00 96,791,412.00  
Consultancy Income (S&L) 494,526.50 441,971.00  
Monitoring, Evaluation & Testing Fees of Energy Efficiency Equipment 2,033,500.00   4,961,250.00  
  127,531,859.50 148,122,354.00  
NOTE 16:        
       
OTHER INCOME        
Tender document fees 178,000.00 85,000.00  
Misc. Income 15,215.00 101,364.00  
Notice Pay (Recovery) 0.00 54,334.00  
Interest Income 46,969,097.00   115,030,303.00  
  47,162,312.00 115,271,001.00  
NOTE 17:        
       
PROJECT EXPENSES        
Consultancy and Professional Charges (EESL) 3,077,094.00 19,866,683.00  
Consultancy and Professional Charges (PAT) 94,686,114.00 82,829,484.00  
Monitoring, Evaluation & Testing Expenses of Energy Efficiency Equipment 0.00   912,562.00  
  97,763,208.00 103,608,729.00  
NOTE 18:        
       
EMPLOYEE BENEFITS EXPENSES        
Salary to Staff (Inclusive all Allowances) 11,450,935.00 24,061,663.00  
Employer Cont. to P.F 616,275.00 970,896.00  
Staff Welfare Expenses 110,286.00   231,442.00  
  12,177,496.00 25,264,001.00  
NOTE 19:        
       
FINANCE COST        
Interest on Bank Loan 0.00   169,502.00  
  0.00 169,502.00  
         

ENERGY EFFICIENCY SERVICES LIMITED
 
NOTES FORMING PART OF THE STATEMENT OF PROFIT AND LOSS FOR THE HALF YEAR ENDED 30.09.2013
 
      (Amount in `)
  Half Year Ended   Year Ended
  30.09.2013 31.03.2013
NOTE 20:      
OTHER EXPENSES      
Rent 7,469,430.00 14,938,860.00
Technical & Consultancy Charges 7,288,467.00 12,461,781.00
Manpower Expenses 2,985,364.00 3,747,868.00
Tour & Traveling Expenses 1,932,729.00 2,045,352.00
Conveyance Expenses 1,238,739.00 676,900.00
Advertisement & Publicity Expenses 1,051,596.00 1,145,223.00
Printing & Stationery Expenses 720,760.00 398,511.00
Electricity Expenses 682,780.00 988,490.00
Meeting Expense/Hospitality Expenses 568,677.00 254,803.00
Legal Fees & Professional Charges 473,248.00 272,161.00
Repair & Maintenance Expenses 247,303.00 224,513.00
Internet Expenses 166,393.00 323,839.00
Participation Fee (NCYM) 128,900.00 19,000.00
Generator Expense 105,739.00 216,404.00
Telephone Expenses 101,708.00 231,556.00
Postage & Courier 90,134.00 97,538.00
Parking Charges 76,766.00 78,126.00
Website Expenses 34,375.00 85,899.00
Internal Audit Fees 28,750.00 25,000.00
Payment to Auditor's   .
Audit fee 25,000.00 31,000.00
Tax Audit fee 0.00 15,000.00
Membership fees 24,300.00 0.00
ROC Fee 18,650.00 49,100.00
Office Expenses 17,800.00 0.00
Commission 12,250.00 0.00
Misc.Expenses 10,986.50 9,883.00
Out of pocket expenses 5,900.00 0.00
Books & Periodicals 3,781.00 5,380.00
Bank Charges 1,248.50 15,254.00
Interest On Income Tax (FY 2011-12) 0.00 140,428.00
Late filing fees (ROC) 0.00 14,500.00
Interest on Service Tax 0.00 103,066.00
Interest on late deposit of TDS 0.00 101.00
Insurance charges 0.00   14,148.00
  25,511,774.00 38,629,684.00
       
    .
NOTE 21:      
PRIOR PERIOD ITEMS      
Other 1,730,648.00   2,890.00
  1,730,648.00 2,890.00
       

ENERGY EFFICIENCY SERVICES LIMITED      
DETAIL TO NOTES      
      ( Amount in `)
  As at   As at
  30.09.2013 31.03.2013
Sundry Creditors      
A2Z Maintenance & Engineering Services Ltd. 0.00 149,006.00
Darashaw & Company Pvt. Ltd 959,438.00 464,969.00
ICF Consulting India Pvt. Ltd. 0.00 465,093.00
Winrock International India 326,493.00 497,731.00
Logicsoft international Pvt. Ltd. 0.00 13,475.00
Lighting Science Group Corporation 200,000.00 200,000.00
Eaga Energy India Pvt. Ltd. 445,500.00 201,949.00
FICCI 472,500.00 1,372,414.00
TUV SUD South Asia Pvt. Ltd. 930,532.00 731,144.00
The Energu and Resource Institute 675,000.00 0.00
Engen Global Solutions Pvt Ltd 2,639,443.00 0.00
ICF Consulting India Pvt. Ltd. 892,593.00    
  7,541,499.00 4,095,781.00
Sundry creditor (Capital work in progres)      
Academy for Conservation of Energy 0.00 844,928.00
Ajay Agarwal & Co. 0.00 12,500.00
Anil Kumar Kohli (Energy Professional) 0.00 40,000.00
Central Power Research Institute 0.00 6,450,585.00
Confederation of Indian Industry 0.00 13,324,750.00
Ctran Consulting Limited 0.00 903,139.00
Darashaw & Co. Pvt. Ltd. 0.00 1,131,931.00
Energo Engineering Project Ltd. 0.00 2,595,287.00
Ernst & Young Pvt. Ltd. 0.00 3,515,750.00
Federation of Indian Chember of Commerce and Indust 0.00 6,454,167.00
InsPIRE Network for Environment 0.00 1,303,048.00
Jawahar Lal Nehru Aluminium Research 0.00 436,098.00
K.K. Mahajan (Energy Professional) 0.00 30,000.00
Lakshmi Narain(Sector Expert) 0.00 330,000.00
Lloyed Insulation (I) Ltd 0.00 2,490,000.00
Mass Management Services Pvt. Ltd. 0.00 49,174.00
Mitcon Consultancy & Engineering Services Ltd. 0.00 763,514.00
National Council For Cement and Building Materials 0.00 2,767,937.00
National Productivity Council 0.00 8,859,000.00
Poonam Awasthy (Energy Professional) 0.00 160,000.00
Power Tech Consultants 0.00 2,120,000.00
Pradeep Dhingra (Energy Professional) 0.00 117,500.00
Pramod Kumar N Parikh (Sector Expert) 0.00 255,000.00
Rajendra Singh (Energy Professional) 0.00 137,500.00
Rakesh Kesri (Energy Professional) 0.00 227,500.00
S.Vikash Ranjan (Energy Professional) 0.00 140,000.00
Schnieder Electric India Pvt. Ltd. 0.00 1,605,500.00
SGS Industrial Controls & Solutions P Ltd 0.00 630,000.00
The Energy and Resources Institute 0.00 1,913,892.00
Thermax Ltd. 0.00 200,000.00
Tuv Sud South Asia Pvt Ltd. 0.00 1,124,962.00
Vijay Kumar Anand (Energy Professional) 0.00 267,500.00
Vinod Kumar Goyal (Energy Professional) 0.00 100,000.00
       
  0.00 61,301,162.00
Liabilities For Expenses      
Naveen Kumar (Project Engineer) 29,770.00 0.00
Rahul tulsidas ghubey (Project Engineer) 34,661.00 0.00
Suresh P (Project Engineer) 32,127.00 0.00
K C Narula 48,815.00    
Ashok Arora 62,550.00    
Sakti Brata Dutta 27,000.00    
Bureau of Energy Efficiency (P.F) 11,262.00 0.00
Mass Management Services Pvt. Ltd. 32,018.00 267,945.00
Utility powertech Limited 1,314,116.00 0.00
Sandeep Tandan 800.00 800.00
NTPC 2,528,544.00 2,528,544.00
Ajay Agarwal & co. 14,625.00 91,955.00
Damodar valley corporation 2,240,829.00    
G K kedia & Co. 22,500.00    
Jain and Anand 0.00 31,500.00
Sarbjit Tour & Travels 223,742.00 20,364.00
Ajay Raj 0.00 53,484.00
Masjid Nursery 0.00 4,118.00
National Building Construction Corporation Ltd 18,066.00 18,583.00
Pradeep Consultancy Service 0.00 13,500.00
Powergird 0.00 424,110.00
Logic soft international Pvt Ltd 20,212.00   0.00
  6,661,637.00   3,454,903.00
 

ENERGY EFFICIENCY SERVICES LIMITED      
DETAIL TO NOTES      
      ( Amount in `)
  As at   As at
  30.09.2013 31.03.2013
Retention Money      
Sarbjit Tour & Travels (EESL) 138,518.00 30,829.00
Electricity research and Development Association (S&L) 6,239.00 6,239.00
UL India Private Limited (S&L) 20,120.00 20,120.00
Tuv Sud South Asia LTD (EESL) 0.00 0.00
Scientific and Industrial Testin Research Centre (S&L) 226.00 226.00
Intertek India private Limited (S&L) 93,755.00 93,755.00
Sarbjit Tour & Travels (S&L) 354.00 354.00
Sarbjit Tour & Travels (PAT) 589.00 589.00
Darashaw & Co. Pvt. Ltd (PAT) 97,219.00 97,217.00
FICCI (PAT) 8,000.00 0.00
MCJ Energy Pvt. Ltd. 0.00   208,333.00
  365,020.00 457,662.00
Expenses Payable      
Electricity Expenses 120,000.00 80,000.00
Internet Expenses 138,500.00 4,200.00
Books & Periodicals 700.00 500.00
Postage & Courier 15,000.00 8,000.00
Stafff Welfare 27,500.00 31,348.00
Telephone Expenses 20,000.00 24,800.00
Photocopy expenses 10,000.00 2,000.00
E.P.F. Payable 198,099.00 180,670.00
Salary 3,600,000.00 0.00
Tour & Travelling Expenses 0.00 41,000.00
Stationery-computer 0.00 11,608.00
Out of pocket Expenses 0.00 15,000.00
Legal fees 0.00 6,790.00
Roc Fees 0.00   3,000.00
  4,129,799.00 408,916.00
Advance against Projects      
Indira Gandhi National Centre for the Art 249,989.00 0.00
Renewable Energy Centre Puducheery (AESP) REAP 795,535.00 0.00
Rural Electriciation Corporation Ltd 450,000.00 0.00
The Shahabad Co-operativeSugar Mills Ltd 50,000.00 0.00
Chief Electrical Inspector cum adviser (ASSAM- ASDA) 1,298,364.00 1,298,364.00
Mysore City Corporation 179,862.00 179,862.00
Bureau of Energy Efficiency 6,091,905.00 0.00
Punjab Energy Development Agency 0.00   425,589.00
  9,115,655.00 1,903,815.00
Trade Receivables      
For period exceeding six months      
Director of Energy Govt of HP(AESP) 738,670.00 0.00
Bureau of Energy Efficiency 0.00 393,617.00
Director Haryana State Energy Development Agency (WHR) 33,786.00 33,786.00
Director Haryana State Energy Development Agency (AESP) 973,500.00 973,500.00
Director of Energy Govt of HP(ECBC) 332,945.00 0.00
Energy Management Centre Kerala (WHR) 293,259.00 1,035,552.00
Gujarat Energy Development Agency 18,181.00 18,181.00
Hubli Electricity Supply Company Ltd. 564,240.00 564,240.00
Maharashtra Energy Development Agency (AESP) 18,181.00 18,181.00
Non Convetional Energy Development Corporation of AP 0.00 486,750.00
Punjab Energy Development Agency (AESP) 486,750.00 0.00
U.P State Designated Agency (Meerut) 193,025.00   193,025.00
  3,652,537.00   3,716,832.00
 

ENERGY EFFICIENCY SERVICES LIMITED      
DETAIL TO NOTES      
      ( Amount in `)
  As at   As at
  30.09.2013 31.03.2013
Trade Receivables      
Others      
ESCO- Project Receivables 2,685,815.00 0.00
Bureau of Energy Efficiency 25,915,192.36 81,936,216.00
Central Power Distribution Company of AP Ltd 460,115.00 0.00
Director Haryana State Energy Development Agency (AESP) 973,500.00 0.00
Energy Management Centre Kerala (AESP) 442,500.00 0.00
Energy Management Centre Kerala (WHR) 527,446.00 0.00
Hubli Electricity Supply Company Ltd. 139,978.00 0.00
Non Convetional Energy Development Corporation of AP 486,750.00 0.00
West Bengal State Electricity Distribution Co. Ltd. 486,750.00 973,500.00
Director of Energy Govt of HP(AESP) 369,334.00 738,670.00
Director of Energy Govt of HP(ECBC) 0.00 332,945.00
Karnataka Water Baord (AEE-Central) 222,472.00 0.00
Karnataka Water Baord (AEE-EAST) 111,236.00 0.00
Karnataka Water Baord (AEE-WEST) 333,708.00 0.00
Punjab Energy Development Agency (AESP) 0.00 486,750.00
Renewable Energy Agency Puducherry 181,832.00   0.00
  33,336,628.36 84,468,081.00
Balance with scheduled banks in Current accounts      
Union Bank of india (Current Account - 35231) 1,097,585.00 19.00
Vijaya Bank (Current Account - 421) 1,420.00 1,517.00
Vijaya Bank (Working Capital A/C - 446) 4,485,327.50 11,006,028.00
Union Bank of India(PAT A/c No. 35236) 0.00 835,598.00
Union Bank of India (S&L - A/c No.30609) 526,304.50 6,212,426.00
Sweep Account      
-Union Bank of India-35231 59,500,000.00 0.00
-Union Bank of India-35236 24,950,000.00 0.00
-Union Bank of India-609 5,430,000.00 0.00
-Vijaya Bank - 446 10,810,000.00   0.00
  106,800,637.00 18,055,588.00
Balance with scheduled banks in FD accounts      
FDR with Union Bank of India 900,000,000.00   1,016,265,753.00
  900,000,000.00 1,016,265,753.00
Recoverable in cash or kind      
Expenses recoverable from DVC 17,865.00 17,865.00
Advance for advertisement (Municipal Corporation Ludhiana) 25,660.00 0.00
Advance against Building ESCO (Ajay Raj) 5,000.00 20,000.00
Advance (Anupriya Enterprises) 172,620.00 25,660.00
Advance (National informatics Centre Services Inc) 1,157,425.00 0.00
Advance (Tou & Travels) 47,600.00 0.00
Advance (Narnix Technologies) 107,500.00 0.00
Advance (Scope Complex) 44,000.00 0.00
Advance (Central power distribution Co.) 33,743.00 0.00
Advance (Indiara Gandhi Natioal Centre) 280,888.00 0.00
Advance received from customer (BEE) 337,080.00 0.00
Punjab Energy development Agency (WHR) 1,408,275.00 0.00
Advance (Ved prakash dindore) 705.00   0.00
  3,638,361.00   63,525.00
 

ENERGY EFFICIENCY SERVICES LIMITED
 
NOTE FORMING PART OF BALANCE SHEET AND STATEMENT OF PROFIT AND LOSS FOR THE HALF YEAR ENDED 30.09.2013
 
NOTE 8:
 
TANGIBLE ASSETS
 
    GROSS BLOCK   DEPRECIATION   NET BLOCK  
DESCRIPTION AS ON ADDITION SALE / AS ON AS ON FOR THE UPTO AS ON AS ON  
  01.04.2013 ADJ. 30.09.2013 01.04.2013 PERIOD 30.09.2013 30.09.2013 31.03.2013  
     
CELL PHONES 312,415.00 21,289.00 0.00 333,704.00 245,817.00 40,051.00 285,868.00 47,836.00 66,598.00  
EQUIPMENT 1,066,945.00 84,454.00 0.00 1,151,399.00 345,346.00 111,298.00 456,644.00 694,755.00 721,599.00  
FURNITURE & FITTING 92,195.00 67,752.00 0.00 159,947.00 9,802.00 3,561.00 13,363.00 146,584.00 82,393.00  
COMPUTERS 3,202,979.00 1,917,657.00 0.00 5,120,636.00 2,250,434.00 504,437.00 2,754,871.00 2,365,765.00 952,545.00  
                     
TOTAL 4,674,534.00 2,091,152.00 0.00 6,765,686.00 2,851,399.00 659,347.00 3,510,746.00 3,254,940.00 1,823,135.00  
                     
                     
PREVIOUS YEAR 4,671,159.00 3,375.00 0.00 4,674,534.00 1,564,126.00 1,287,273.00 2,851,399.00 1,823,135.00 3,107,033.00  
                     
INTANGIBLE ASSETS                    
    GROSS BLOCK   AMORTIZATION   NET BLOCK  
DESCRIPTION AS ON ADDITION SALE / AS ON AS ON FOR THE UPTO AS ON AS ON  
  01.04.2013 ADJ. 30.09.2013 01.04.2013 PERIOD 30.09.2013 30.09.2013 31.03.2013  
     
SOFTWARE 800,761.00 32,378.00 0.00 833,139.00 621,311.00 100,304.00 721,615.00 111,524.00 179,450.00  
                     
TOTAL 800,761.00 32,378.00 0.00 833,139.00 621,311.00 100,304.00 721,615.00 111,524.00 179,450.00  
                     
                     
PREVIOUS YEAR 800,761.00 0.00 0.00 800,761.00 354,418.00 266,893.00 621,311.00 179,450.00 446,343.00  
             
Depreciation/amortization of Tangible and intangible Assets for the year is allocated as given below:-          
                     
        30.09.2013 31.03.2013          
Charged to Statement of Profit & Loss     7,59,651.00 15,54,166.00          
                     
        7,59,651.00 15,54,166.00          
                     
 



    
Last updated on 11 May 2015