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Notes to Accounts of Capricorn Systems Global Solutions Ltd.

Mar 31, 2015

1 Corporate Information:

CAPRICORN SYSTEMS GLOBAL SOLUTIONS LIMITED is a limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956, the company engages in the business of Information Technology enabled services other related activities.

2. There is no information from any of the suppliers regarding their status as small scale industrial undertakings.Hence information regarding dues to such undertakings could not be furnished.

3. The Previous year figures have been regrouped or reclassified wherever necessary to be in conformity with the current year figures. All amounts in the financial statements are presented in Rupees except where ever specifically mentioned.

4. Contingent Liabilities :

On Account of Bank Guarantee given by Bankers Rs.1,60,000 (previous Year Rs.1,60,000).

5. Segment Reporting: The Company has only Software Development activity hence segment report has not been given.

6. Related Party:

As per Accounting Standard 18, issued by the Institute of Chartered Accountants of India, the disclosures of transaction with the related parties as defined in Accounting Standards are given below:

(I) List of related parties with whom transactions have taken place and relationships:

S. No. Name of the Related Party Relationship

1 Capricorn Systems Inc. Associate Concern

2 S. Man Mohan Rao Managing Director


Mar 31, 2014

NOTE : 1 - SHARE CAPITAL Authorised Capital

Authorised (50,00,000 equity shares of Rs.10 each)

Issued, Subscribed & Paid-up

Issued, Subscribed and Paid-up Capital (39,96,000 equity shares of Rs.10/- each)

(Out of which 30,00,000 Equity Shares of Rs.10/- each alloted for consideration other than cash

a. Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs.10/- each holder of equity shares is entitled one vote per share.

In the event of liquidation of the Company, the holders of 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.

NOTE : 2 - RESERVES & SURPLUS

General Reserve

Surplus in Statement of Profit & Loss At the Beginning of the year Add : Profit for the year At the end of the year

NOTE : 3 - LONG-TERM BORROWINGS

Other Short Term Borrowings Overdraft from SBH (Carrying an interest rate of 14.25%)

NOTE : 4 - SHORT-TERM LIABILITIES

Trade Payables Other Liabilities

NOTE : 5 - SHORT TERM PROVISIONS

Salary and Reimbursements Contribution to PF Gratuty

Leave enchashment Provision for Taxation

NOTE : 6 - LONG TERM LOANS AND ADVANCES

Advance Recoverable in Cash or Kind Share Application money Pending Allotment Balance with Government authorities Security Deposits

NOTE : 7 - CASH AND BANK BALANCES

Cash in Hand Bank Balances :

in Current Accounts in Deposit Accounts

NOTE : 8 (A) - SUNDRY DEBTORS

Debts outstanding for a period exceeding 6 months Other Debtors

NOTE : 9 (B) - SHORT TERM LOANS & ADVANCES

Short Term Loans and Advances

NOTE: 10 REVENUE FROM OPERATIONS

Sale of Services Software development exports

NOTE: 11 Other Income Interest Income

- from Bank Deposits

- from Others

Foreign Currency Exchange Account Total

NOTE: 12 EMPLOYEE BENEFITS EXPENSES

Employee Benefits Expense Contribution to provident and other funds Staff welfare Expenses

NOTE: 13 OPERATIONS & OTHER EXPENSES

Internet And Support Services Postage & Telephones Rent, Rates & Taxes Electrcity Charges Travelling & Conveyance Repairs & Maintenance Professional & Consultancy Charges Office Maintenance & Security Other expenses Amounts written off Loss on sale of asset Audit Fee

Total

NOTE: 14 DEPRECIATION

a) Depreciation of Tangible Assets

Total

NOTE: 15 FINANCE COST

Finance Charges

1 Corporate Information:

CAPRICORN SYSTEMS GLOBAL SOLUTIONS LIMITED is a limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956, the company engages in the business of Information Technology enabled services other related activities.

2. Contingent Liabilities :

On Account of Bank Guarantee given by Bankers Rs.1,60,000 (previous Year Rs.1,60,000).

3. Directors'' Remuneration: 2013 -14 2012-2013

Salary and allowances Rs.600,000 Rs.600,000

4. Additional information as required by Part - II of Schedule - VI of the Companies Act, 1956. Rs.(In Lakhs) Rs.(In Lakhs)

A. Expenditure in Foreign Currency: Nil Nil

B. Earnings in Foreign Exchange: 359.91 345.86 (on cash basis) Software Development Charges

C. C I F Value of Imports: Nil Nil

5. Segment Reporting: The Company has only Software Development activity hence segment report has not been given.

6. Related Party:

As per Accounting Standard 18, issued by the Institute of Chartered Accountants of India, the disclosures of transaction with the related parties as defined in Accounting Standards are given below:

(I) List of related parties with whom transactions have taken place and relationships:


Mar 31, 2013

1 Corporate Information:

CAPRICORN SYSTEMS GLOBAL SOLUTIONS LIMITED is a limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956, the company engages in the business of Information Technology enabled services other related activities.

2. There is no information from any of the suppliers regarding their status as small scale industrial undertakings. Hence information regarding dues to such undertakings could not be furnished.

3. The Previous year figures have been regrouped or reclassified wherever necessary to be in conformity with the current year figures. All amounts in the financial statements are presented in Rupees except where ever specifically mentioned.

4. Contingent Liabilities :

On Account of Bank Guarantee given by Bankers Rs.1,60,000 (previous Year Rs.1,60,000).

5. Segment Reporting: The Company has only Software Development activity hence segment report has not been given.

6. Related Party:

As per Accounting Standard 18, issued by the Institute of Chartered Accountants of India, the disclosures of transaction with the related parties as defined in Accounting Standards are given below: (I) List of related parties with whom transactions have taken place and relationships:


Mar 31, 2012

1 Corporate Information:

CAPRICORN SYSTEMS GLOBAL SOLUTIONS LIMITED is a limited company domiciled in India and incorporated under the provisions of the Companies Act' 1956' the company engages in the business of Information Technology enabled services other related activities.

2. There is no information from any of the suppliers regarding their status as small scale industrial undertakings. Hence information regarding dues to such undertakings could not be furnished.

3. The Previous year figures have been regrouped or reclassified wherever necessary to be in conformity with the current year figures. All amounts in the financial statements are presented in Rupees except where ever specifically mentioned.

4. Contingent Liabilities :

On Account of Bank Guarantee given by Bankers Rs.1'60'000 (previous Year Rs.1'60'000).

5. Directors' Remuneration: 2011 -12 2010-2011

Salary and allowances Nil Nil

6. Additional information as required by Part - II of Schedule - VI of the Companies Act' 1956.

Rs. (In Lakhs) Rs. ( In Lakhs)

A. Expenditure in Foreign Currency: Nil Nil

B. Earnings in Foreign Exchange: 238.12 148.30

(on cash basis) Software Development Charges

C. C I F Value of Imports: Nil Nil

7. Segment Reporting: The Company has only Software Development activity hence segment report has not been given.

8. Related Party:

As per Accounting Standard 18' issued by the Institute of Chartered Accountants of India' the disclosures of transaction with the related parties as defined in Accounting Standards are given below: (I) List of related parties with whom transactions have taken place and relationships:

 
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