International Data Management Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956'. Its shares are listed on Bombay stock exchange,in India. The company's primary line of business had been Manufacturing of Computers and related Peripherals.

2. Basis of preparation

The financial statements of the company have been prepared in accordance with the generally accepted accountingprinciplesinIndia(InclianGAAP).Thecompany has prepared these financial statements to comply in all materia] respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006", (as amended) and the relevantprovisions ofthe Companies Act, 1956readwiththeGeneralCircularl5/2013datedl3th September2()13oftheMirustry ofCorporate Affairsinrespect of section 133 ofthe Companies Act, 2013 {'The Act'). The fmancialstatementshavebeenpreparedonanaccrualbagis and imder the historical cost convention.

The accounting policies adopted in the preparation of financial statements are consistent widi those of previous year.

a. Use of estimates

The preparation of financial statements in conformity with Indian GAAP requires the management to make judgements, estimates and assumptions mat affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of contingent liabilities, at the end of the reporting period. Although these estimates are based on die management's best knowledge of current events and actions, uncertainity about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future period.

b. Tangible fixed assets

Fixed assets are stated at cost/revalued amount where applicable, less depreciation. The cost comprises purchase price and directly attributable cost of bringing asset to its working condition for the intended use. Any trade discounts and rebates are deducted in arriving at the purchase price.

c. Depreciation on tangible fixed assets

Depreciation on Fixed Assets is provided on straight- line basis at the rates and in the manner prescribed in Schedule II to the Companies Act, 2013.

d. Investments

Current Investments are carried at lower of cost or fair value

e. Retirement Benefits

The Company has the scheme for Provident, Gratuity and Superannuation funds which are recognised under the Income Tax laws. Contributions to these fluids are provided according to the respective rules of the funds and debited to profit and loss account.

f. Provision For Bad And Doubtful Debts/ Advances

Provision is made in the accounts for bad and doubtful debts/advances which in the opinion ofthe Management are considered irrecoverable.

g. Income Taxes

Deferred tax assets as per Accounting Standard 22 has not been recognized and carried forward in view of absence of reasonable certainty about the sufficient future taxable income.

h. Earning per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of salires outstanding during the period adjusted for the effects of all dilutive potential equity shares .

i. Contingent Liabilities

A contingent liability is a possible obligation diat arises from past events whose existence will be confirmed by the occurrence or non occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognised because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability alos arises in extremely rare cases where there is a liability that cannot be recognised because it cannot be measured reliably. The company does not recognise a contingent liability but discloses its existence in the financial statements

j. Cash and cash equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand.

b. Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vole per share. The company declares and pays dividends in Indian rupees, 'lire dividend proposed by ihe Board of Directors if any, is subject to approval of the shareholders m ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of the equity shares will be entitled to receive remaining assets of the company , after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders

*HCL Corporation Private Limited was formerly known as Guddu Investments (Fondi) Private Limited

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 bodi legal and beneficial ownerships of shares