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Notes to Accounts of ABM Knowledgeware Ltd.

Mar 31, 2015

1. COMPANIES OVERVIEW

ABM KNOWLEDGEWARE LTD. (the 'Company') is a public limited company domiciled in India and is listed on the Bombay Stock Exchange (BSE). The company is one of the few information technology (IT) services companies with exclusive focus on e-governance since 1998.

Note 2 Additional disclosure to the financial statements as per the accounting standards

(Amount in ) As at 31st March, As at 31st March, 2015 2014

Contingent Liabilities and commitments (to the extend not provided for):

(i) Contingent Liabilities:

(a) Claims against the company not acknowledged as debts 2,227,223 2,227,223

(b) Bank Guarantees # 98,439,577 109,723,021

(ii) Commitments

(a) Estimated amount of contacts remaining to be excecuted on capital account and not provided for:

- tangible Assets - -

- Office interior 12,500,000 11,823,806

# Above Bank Guarantees are secured by:

a. Hypothecation of book debts of the Company.

b. Collateral of office premises at Swastik Chambers, 5th floor, chembur & 5 , Unique Ind.Estate, Prabhadevi, Mumbai.

c. Personal Guarantees from directors - Mr. Prakash B. Rane and Mrs. Supriya P Rane


Mar 31, 2014

Note 1 Additional disclosure to the financial statements as per the accounting standards

(Amount in Rs.)

As at 31st March, 2014 As at 31st March, 2013

Contingent Liabilities and commitments (to the extend not provided for):

(I) Contingent liabilties:

(a) Claims against the company not acknowledged as debts 2,227,223 2,227,223

(b) Bank Gurantees # 109,723,021 23,557,122

(ii) Commitments

(a) Estimated amount of contracts remaining to be excecuted on capital account and not provided for:

- tangible Assets

- Office interior 11,823,806 31,323,922

# Above Bank Guarantees are secured by:

a. Hypothecation of stocks and book debts of the Company.

b. Collateral of office premises at Prabhadevi and Chembur, Mumbai.

c. Personal Guarantees from Directors - Mr. Prakash B. Rane and Mrs. Sypriya P. Rane

Note 2 Employee Benefit plans

Defined contribution plans

The Company makes provident fund contributions to defined contribution plans for qualifiying employees. Under the scheme, the company is required to contribute a special percentage of the payroll costs to fund the benefits. The company recognised Rs. 78,60,551 (year ended 31.3.2013 Rs. 82,68,297) for provident contributions in the statement of Profit & Loss.

Note 3 The Company operates mainly in one business segment viz. software and services.

Note 4 Sundry Creditors, Debtors, Loans & Advances and Deposits are subject to confirmation and reconciliation if any. During the year, letters for confirmation of balances have been sent to various parties by the Company. The management, however, does not expect any material changes. The balances are as per records available with the company.


Mar 31, 2013

Note 1 Employee Benefit plans

Defined contribution plans

The Company makes provident fund contributions to defined contribution plans for qualifiying employees. Under the scheme the company is required to contribute a special percentage of the payroll costs to fund the benefits. The company recognised f 82,68,297 (year ended 31.3.2012 Rs. 75,62,435) for provident contributions in the statement of Profit & Loss.

Note 2 The Company operates mainly in one business segment viz. software and services.

Note 3 Sundry Creditors, Debtors, Loans & Advances and Deposits are subject to confirmation and reconciliation. During the year, letters for confirmation of balances have been sent to various parties by the Company. The management, however, does not expect any material changes.


Mar 31, 2012

Note 1 Additional disclosure to the financial statements as per the accounting standards

(Amount in Rs)

As at 31 March, 2012 As at 31 March, 2011

Contingent Liabilities and commitments (to the extend not providedfor):

(i) contingent liabilties:

(a) Claims against the company not acknowledged as debts 2,227,223 2,227,223

(b) Bank Gurantees 25,069,544 306,149,544

(ii) Commitments

(a) Estimated amount of contracts remaining to be excecuted on capital account and not provided for:

- tangible Assets 3,000,000 82,718,000

Note 2 Employee Benefit plans

Defined contribution plans

The Company makes provident fund contributions to defined contribution plans for qualifiying employees. Under the scheme the company is required to contribute a special percentage of the payroll costs to fund the benefits. The company recognised Rs 75,62,435 (year ended 31.3.2011 Rs 57,43,285) for provident contributions in the statement of Profit & Loss.

Note 3 The Company operates mainly in one business segment viz. software and services.Since the revenue generated from sale of products is less than 10 % of the total revenue, the segment reporting as required by AS-17 is not applicable.


Mar 31, 2011

1. Contingent Liabilities in respect of :- i) Claims against the company not acknowledged as debts amounting to Rs. 22.27 lacs (previous year Rs. 22.27 Lacs) in respect of which the company has made deposits of Rs. 22.27 lacs as per the Court Order, ii) Bank guarantees Rs 3061.49 Lacs (previous year Rs 290.95 Lacs).

2. Capital Commitments :- Estimated amount of contracts remaining to be executed on Capital Account (net of advance) and not provided for: Rs 827.18 lacs. ( previous, year Nil)

3. Expenditure in Foreign currency: - Travelling expenses Rs.4,00,196/- ( previous year Nil)

4. Deferred Tax liability of Rs.3,540,323/- (P.Y.Rs.3,532,284/-) represent timing difference on account of depreciation.

5. The Company's business activity comprises of single business segment i.e. Software and Services and geographical segment i.e. India.

6. Employee Benefits

(a) Provident Fund - Defined Contribution Plan

All Employees are entitled to Provident Fund benefits. Amount Debited to Profit & Loss Account Rs. 6,260,832.00 during the year.

(b) Gratuity defined Benefit Plan - Provision made as per actuarial Valuation.

7. No information is available with the Company in respect of dues to micro small and medium enterprise.

8. There are no dues to be credited to Investor Education and Protection Fund.

9. Previous years figures are regrouped and rearranged wherever necessary to conform to the current years presentation. Schedule 'A' to 'K' form an integral part of the Balance Sheet & Profit and Loss account and have been duly authenticated.


Mar 31, 2010

1. Contingent Liabilities in respect of:- i) Claims against the company not acknowledged as debts amounting to Rs. 22.27 lacs (previous year Rs. 22.27 Lacs) in respect of which the company has made deposits of Rs. 22.27 lacs as per the Court Order, ii) Bank guarantees Rs 290.95 Lacs (previous year Rs 265.77 Lacs).

2. Expenditure in Foreign currency: - Professional Fees Rs.374,137/- (Previous year - Nil)

3. Deferred Tax liability of Rs.3,532,284/- (P.Y.Rs. 3,451,259/-) represent timing difference on account of depreciation.

4. The Companys business activity comprises of only single segment i.e. Software and Services. Hence no separate information is given.

5. Employee Benefits

(a) Provident Fund - Defined Contribution Plan

All Employees are entitled to Provident Fund benefits. Amount Debited to Profit & Loss Account Rs. 4,458,883.00 during the year.

(b) Gratuity defined Benefit Plan - Provision made as per actuarial Valuation.

6. No information is available with the Company in respect of dues to micro small and medium enterprise.

7. There are no dues to be credited to Investor Education and Protection Fund.

8. Previous years figures are regrouped and rearranged wherever necessary to conform to the current years presentation. Schedule A to J form an integral part of the Balance Sheet & Profit and Loss account and have been duly authenticated.


Mar 31, 2003

1. There are no dues outstanding for more than 30 days to Small Scale Undertakings

2. There are no dues to be credited to Investor Education and Protection Fund.

3. Previous years figures are regrouped and rearranged wherever necessary.

Schedule A to L form an integral part of the Balance Sheet & Profit & Loss Account an have been duly authenticated.

 
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