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Notes to Accounts of FCS Software Solutions Ltd.

Mar 31, 2014

The Previous year figures have been regrouped/ reclassified wherever necessary to make them comparable with the current year figures.

1.1 Contingent liabilities

The company has no letters of credit outstanding issued to various vendors as at March 31, 2014.

1.2 Payment to Auditors

Current Year Previous Year

Audit Fee 907,307/- 589,271/-

Tax Audit Fee 160,113/- 103,989/-

Internal Audit 50,000/- 50,000/-

In other capacity NIL NIL

1.3 Quantitative Details

The Company is engaged in the software consultancy, technical support services, e-learning and other related allied services. These services cannot be expressed in any generic unit. Hence it is not possible to give the quantitative details of sales and the information as required under paragraphs 3, 4C and 4D of part II of Schedule VI of the Companies Act 1956.

1.4 Imports On CIF basis (Amount. in Rs.)

31.03.2014 31.03.2013

Capital Goods Nil Nil

Software Packages Nil Nil

1.5 Expenditure in Foreign Currency.

31.03.2014 31.03.2013

Expenditure incurred overseas:

-Incurred by US Branch 505,008,444 300,806,430

-By India Office Nil 4,355,128

1.6 Earning in foreign exchange

31.03.2014 31.03.2013

Income from software development servicesand products including US Branch 705,553,258 456,291,429


Mar 31, 2013

The Previous year figures have been regrouped/ reclassified wherever necessary to make them comparable with the current year figures.

1.1. Contingent liabilities

The company has no letters of credit outstanding issued to various vendors as at March 31, 2013.

1.2. Quantitative Details.

The Company is engaged in the software consultancy, technical support services, e-learning and other related allied services. These services cannot be expressed in any generic unit. Hence it is not possible to give the quantitative details of sales and the information as required under paragraphs 3, 4C and 4D of part II of Schedule VI of the Companies Act 1956.


Mar 31, 2012

1. The Previous year figures have been regrouped / reclassified wherever necessary to make them comparable with the current year figures.

1.1. Contingent liabilities

The company has no letters of credit outstanding issued to various vendors as at March 31, 2012.

1.2. Quantitative Details.

The Company is engaged in the software consultancy, technical support services, e-learning and other related allied services. These services cannot be expressed in any generic unit. Hence it is not possible to give the quantitative details of sales and the information as required under paragraphs 3, 4C and 4D of part II of Schedule VI of the Companies Act 1956.


Mar 31, 2010

The previous years figures have been recast / restated wherever necessary to confirm to the current years classification.

P.1.2 Funds raised through Global Depository Receipts (GDRs) during the year:

During the fiscal, the Company raised USD 24.10 Million ( `111.00 Crore) through issuance of 1,00,00,000 GDRs at Luxembourg Stock Exchange representing 10,00,00,000 equity shares of ` 1/- each at a price of `11.10 per equity share of ` 1/- each. The issue price of each GDR is USD 2.41.

The details of utilization of GDR proceeds:

Total funds raised through GDR were ` 111.00 Crores out of which amount of ` 88.32 Crores was invested in F.C.S Software Middle East FZE, UAE, wholly owned subsidiary of the Company, up to March 31,2010.

P.1.3 Contingent liabilities

The Company has no letters of credit outstanding issued to various vendors as at March 31, 2010. However an Income Tax Appeal filed by the Income Tax Department is pending with Income Tax Appellate Tribunal, New Delhi for disposal for the assessment year 2003-04 comprising a disputed amount to the tune of ` 23 crores.

P.1.4 Quantitative Details.

The Company is engaged in the software consultancy, technical support services, e- learning and other related allied services. These services cannot be expressed in any generic unit. Hence it is not possible to give the quantitative details of sales and the information as required under paragraphs 3, 4C and 4D of part II of Schedule VI of the Companies Act 1956.


Mar 31, 2009

The previous years figures have been recast/restated wherever necessary to confirm to the current years classification.

P.2.1 Contingent liabilities

The company has no letters of credit outstanding issued to various vendors as at March 31, 2009. However, the company had undergone an appeal against the order of Deputy Commissioner of Income Tax, New Delhi which comprises a demand of Rs 23,72,60,003/- . The corresponding figure for the previous year was Rs. Nil.

P.2.2 Quantitative Details.

The Company is engaged in the software consultancy, technical support services, e- learning and other related allied services. These services cannot be expressed in any generic unit. Hence it is not possible to give the quantitative details of sales and the information as required under paragraphs 3, 4C and 4D of part II of Schedule VI of the Companies Act 1956.

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