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  • 2010 - 20111

    CONTENTS

    • Corporate Information ................................................................................. 002

    • Company Subsidiaries ................................................................................ 003

    • Board and Management ............................................................................. 004

    • Letter to Shareholders ................................................................................ 005

    • Financial Highlights ..................................................................................... 008

    • Management Discussion & Analysis .......................................................... 013

    • CEO/CFO/COO Certification ...................................................................... 022

    • Directors’ Report ......................................................................................... 023

    • Statement under section 212 ..................................................................... 031

    • Corporate Governance Report ................................................................... 034

    • Auditors’ Certificate ..................................................................................... 050

    • Auditors’ Report .......................................................................................... 051

    • Balance Sheet ............................................................................................ 054

    • Profit & Loss Account ................................................................................. 055

    • Cash Flow Statement ................................................................................. 056

    • Schedule to Accounts ................................................................................. 058

    • Balance Sheet Abstract .............................................................................. 082

    • Auditors’ Report on Consolidated Financial Statements ............................ 083

    • Consolidated Balance Sheet ...................................................................... 084

    • Consolidated Profit & Loss Account ........................................................... 085

    • Consolidated Cash Flow Statement ........................................................... 086

    • Schedule to Consolidated Accounts ........................................................... 088

    • Past Year Performance ............................................................................... 109

  • 2010 - 2011 2

    COMPANY SECRETARY CS. Swati Gupta

    REGISTERED & CORPORATE OFFICE Geodesic Limited

    B-3, Lunic Industries, Opp. State Bank of India, Cross Road ‘B’, MIDC, Andheri East, Mumbai - 400 093. Maharashtra, India. Tel: +91-22-28306804 Fax: +91-22-28200832 Visit us: www.geodesic.com Email: [email protected]

    AUDITORS M/s Borkar & Muzumdar Chartered Accountants

    PRINCIPAL BANKERS • ICICI Bank Limited

    • Barclays Bank

    • Union Bank of India

    • DBS Bank Limited

    • Standard Chartered Bank

    • Deutsche Bank

    • Axis Bank Limited

    • HDFC Bank Limited

    • HSBC Limited

    • Citibank N A

    FOREIGN BANKS • HSBC Private Bank (C.I) Limited, Jersey Branch

    • Barclays Bank PLC – London

    • UBS AG - Hong Kong

    REGISTRAR & TRANSFER AGENT M/s Universal Capital Securities Private Limited (Formerly known as M/s Mondkar Computers Private Limited) 21, Shakil Niwas, Opp Satya Saibaba Temple, Mahakali Caves Road, Andheri (E), Mumbai - 400 093. Tel. No: +91-22-28207203-05 / 28257641 Fax No: +91-22-28207207 Email: [email protected]

    CORPORATE INFORMATION

    OTHER OFFICES

    Geodesic Limited K.C. House, 2nd Floor, CTS No. 15, Central Road, MIDC, Andheri (East), Mumbai – 400 093. Maharashtra. India.

    Geodesic Limited Unit No.51, SDF-II, SEEPZ SEZ, MIDC, Andheri East, Mumbai – 400 096. Maharashtra. India.

    Geodesic Limited Santogen House, Plot No. A/69, 1st Floor, MIDC, Behind Tunga International Hotel, Andheri East, Mumbai – 400 093. Maharashtra. India.

    Geodesic Limited 18, 10th Cross, Mayura Street, Papanna Layout, Outer Ring Road, Bangalore – 560094. Karnataka. India.

    Geodesic Limited 19B, MLA Colony, Road No.12, Banjara Hills, Hyderabad- 500 034. Andhra Pradesh. India.

    FACTORY Geodesic Limited Khasra No. 1118, Salempur Industrial Area, Rajputan Pargana, Near Radhaswami Satsang Bahavan, Roorkee. Dist.: Haridwar 247667. (Uttarkhand) India.

  • 2010 - 20113

    COMPANY SUBSIDIARIES

    DOMESTIC SUBSIDIARIES

    Chandamama India Limited B-3 Lunic Industries, Opp. State Bank of India, Cross Road ‘B’, MIDC, Andheri East, Mumbai - 400 093. Maharashtra, India. Tel: +91-22-28306804 Fax: +91-22-28200832 www.chandamama.com

    Filmorbit.com India Private Limited B-3 Lunic Industries, Opp. State Bank of India, Cross Road ‘B’, MIDC, Andheri East, Mumbai - 400 093. Maharashtra, India. Tel: +91-22-28306804 Fax: +91-22-28200832 www.filmorbit.com

    Geodesic Gridpoint Energy Private Limited B-3 Lunic Industries, Opp. State Bank of India, Cross Road ‘B’, MIDC, Andheri East, Mumbai - 400 093. Maharashtra, India. Tel: +91-22-28306804 Fax: +91-22-28200832

    ASSOCIATE COMPANY

    Republique Media Private Limited B-3 Lunic Industries, Opp. State Bank of India, Cross Road ‘B’, MIDC, Andheri East, Mumbai - 400 093. Maharashtra, India. Tel: +91-22-28306804 Fax: +91-22-28200832

    INTERNATIONAL SUBSIDIARIES

    Geodesic Holdings Limited C/o: Premier Financial Services Ltd. Suite 612, 6th Floor, St. James Court, St.Denis Street, Port Louis, Mauritius.

    Geodesic Technology Solutions Limited 7/F, Man On Commercial Building, 12-13, Jubilee Street, Central, Hong Kong.

    Geodesic Hong Kong Limited Formerly Engage Solutions Limited (Subsidiary of Geodesic Holdings Limited) 3/F, Well View Commercial Building, New No.10,(Old No. 8-12) Morrison Street, Sheung Wan, Hong Kong.

    Geodesic Information Systems Inc (Subsidiary of Geodesic Holdings Limited) 19925 Stevens Creek Boulevard, Cupertino, CA 95014. USA .

    Interactive Networks International Inc (Subsidiary of Geodesic Holdings Limited) Akara Building 24 De Castro Street, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.

    Publicidad Digital S.A. (Subsidiary of Interactive Networks International Inc) Rio Negro, 1320, Montevideo, CP 11100, Uruguay.

    Emiloto Associated Inc (Subsidiary of Geodesic Holdings Limited) 53rd E Street, MMG Tower, Urbanizacion Marbella, 16th Floor, Panama City, Panama.

    Geodesic Technology FZE (Subsidiary of Geodesic Holdings Limited) E – LOB Office No., P.O. Box 51810, Hamriyah Free Zone – Shj, United Arab Emirates

    Zomo Technologies Limited (Subsidiary of Geodesic Holdings Limited) Trident Trust Company (BVI) Ltd., Trident Chambers, P.O. Box 146, Road Town, Tortola, British Virgin Island.

    Spokn Communications Pte. Limited (Subsidiary of Geodesic Holdings Limited) 138, Robinson Road # 17-00, The Corporate Office, Singapore - 068906.

  • 2010 - 2011 4

    Pankaj Kumar Chairman

    Nitin Potdar Non Executive & Independent

    Director

    BOARD OF DIRECTORS

    Pankaj Kumar Kiran Kulkarni Prashant Mulekar Chairman Managing Director Executive Director

    Tim Bruce Girish Borkar Sanjay Sarkar Director - Geodesic Hong Kong Limited Chief Accounts Officer Chief Design Officer

    Farhan Ashhar Jitendra Loyal Sarraju Narasinga Rao Chief Technology Officer Head - Product Engineering Chief Products Officer

    Arvind Venkateswaran Swati Gupta Dr. P. R. Subramanya Senior VP (Business Development) & Company Secretary & Vice President - Technology General Manager (US Operations) Vice President (GeoAmida)

    Anirudh Moudgal Arnab Ganguly Deepak Shenoy Vice President – Design Business Development & Sales Vice President - Operations (GeoAmida)

    Vishal Mainkar D Phaneendra Kumar Navita Sharma Vice President - Associate Vice President - Head - Corporate Business Development and Sales New Technologies Communications

    MANAGEMENT TEAM

    Prashant Mulekar Executive Director

    Vinod Sethi Non Executive & Independent

    Director

    Kiran Kulkarni Managing Director

  • 2010 - 20115

    Volatility has become a way of life. While the economy shows signs of recovery, the operational costs and geopolitical risks have been rising. In due course, the classic economic cycles will be shorter and more segmented. Long-term growth will be interrupted by short-term volatility. While the developed world is dealing with fiscal constraints and sluggish, growth the developing markets are growing rapidly. In this environment, we committed to a sizeable investment plan in technology, brand creation and marketing. In 2011, we focused on the fundamentals of cost control, launch of new products, cash optimisation and return on capital. These measures have resulted in excellent organic profit growth and a healthier balance sheet. Over the past year, we have had wide ranging developments with regard to products, partnerships, subsidiaries, new customers and milestones, all of which we would like to share with you. Our revenues grossed ` 8879 million in FY 2011, an increase of 3