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Notes to Accounts of Ramco Systems Ltd.

Mar 31, 2016

note:1. The Share Application Money Pending Allotment as at the year end, represents receipt pursuant to the exercise of Options
under the Employee Stock Option Scheme, 2008, 2009 Plan A and 2009 Plan B of the Company. Under the said scheme, 1 share of
Rs.10 each, at a premium of Rs.41 for 5,561 shares & Rs.80 for 4,617 shares (previous year at a premium of Rs.41 for 914 shares &
Rs.73 for 301 shares), needs to be issued for each option exercised. The shares need to be allotted within 60 days from the
receipt of exercise application money. No such application money has been pending beyond the stipulated time for allotment.


* Nil (Rs.2,075.00 Mln. supported by Corporate Guarantee from The Ramco Cements Limited.) ** Nil (Rs.100.00 Mln. supported by
Corporate Guarantee from The Ramco Cements Limited.)


1. Terms of Repayment and Security details

1) Loans repayable on Demand, from Banks, secured consists of

(a) Nil (previous year Rs.10.00 Mln. secured by a pari-passu first charge on the current assets including stocks and book debts
and supported by a Corporate Guarantee from Ramco Industries Limited.)

2) Loans from Banks, Unsecured, consists of

(a) Nil (previous year Rs.250.00 Mln. supported by Corporate Guarantee from The Ramco Cements Limited.)

3) Loans from Others, Unsecured, consists of

(a) Nil (previous year Rs.280.00 Mln. supported by Corporate Guarantee from The Ramco Cements Limited.)

* Supported by Corporate Guarantee from The Ramco Cements Limited

** Includes advance collected from customers and payable to vendors for capital payables

2. Tax on book profits (MAT) has been provided for. No provision for regular tax for the Company (including its Branch- es at
United Kingdom and Germany) has been made in view of absence of taxable profits during the current and previous year. The company
has net deferred tax assets as on March 31, 2016 and as on March 31, 2015, which arise mainly on account of carry forward losses.
However the company has not taken credit for such net deferred tax assets.

3.There are no Micro and Small Enterprises, to whom the Company owes dues as at 31st March 2016 and on 31st March 2015. This
information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined
to the extent such parties have been identified on the basis of information available with the Company.


Notes:

4. Gross block under Vehicles includes assets purchased under Hire Purchase Rs.26.41 Mln. (previous year Rs.27.61 Mln.), Net block
as on March 31, 2016 Rs.15.83 Mln. (previous year Rs.21.73 Mln.).

5. Gross block under Servers and Networks includes assets purchased under Finance Lease Rs.25.29 Mln. (previous year Rs.25.29
Mln.), Net block as on March 31, 2016 Nil (previous year Nil).

6. Additions to the gross block in respect of Technology Platform include capitalization of interest amounting to Nil (previous
year Rs.61.12 Mln.) and Product Software include Nil (previous year Rs.166.30 Mln.).

7. The depreciation on tangible assets is provided on the straight-line method as prescribed under Schedule II to the Companies
Act, 2013, over the useful life of those assets. As prescribed in said Schedule II, during the previous year an amount of Rs.9.02
Mln. towards depreciation has been charged in the opening balance of retained earnings for the assets in respect of which the
remaining useful life was Nil as on April 01, 2014 and in respect of other assets on that date, depreciation has been worked out
based on remaining useful life of those assets.


Note: The Company is engaged in development of software products, which are marketed by the Company and its overseas
subsidiaries. The intellectual property rights are held by the company. There are in-built warranties for performance and
support. Claims which may arise out of these are not quantifiable and hence not provided for.


8. Research and Development

Statement of Profit and Loss, Balance Sheet and Schedules, based on separate books maintained in respect of the Research &
Development Activities, are enclosed.

9. Segment Revenue

The company currently operates only in one segment, viz., Software solutions & Services and hence the segment reporting as
required by AS-17, issued by The Institute of Chartered Accountants of India does not apply.

10. Related Party Transactions

As per Accounting Standard (AS-18) issued by The Institute of Chartered Accountants of India, the Company''s related parties are
given below:

a. Subsidiary Companies

1. Ramco Systems Corporation, USA 6. Ramco Systems Canada Inc., Canada

2. Ramco Systems Ltd., Switzerland (wholly owned subsidiary of Ramco Systems

3. Ramco Systems Pte. Ltd., Singapore Corporation, USA)

4. Ramco Systems Sdn. Bhd., Malaysia 7. Ramco Systems FZ-LLC, Dubai

5. RSL Enterprise Solutions (Pty) Ltd., South Africa 8. RSL Software Co. Ltd., Sudan

9. Ramco Systems Australia Pty Ltd., Australia

b. Key Managerial Personnel

1. Shri P R Ramasubrahmaneya Rajha, Chairman

2. Shri P R Venketrama Raja, Vice Chairman & Managing Director

3. Shri Virender Aggarwal, Chief Executive Officer

Relatives of KMP

1. Shri P R Venketrama Raja, Son of Shri P R Ramasubrahmaneya Rajha

2. Smt. R Sudarsanam, Spouse of Shri P R Ramasubrahmaneya Rajha

3. Smt. S Saradha Deepa, Daugher of Shri P R Ramasubrahmaneya Rajha

4. Smt. R Nalina Ramalakshmi, Daughter of Shri P R Ramasubrahmaneya Rajha

5. Smt. P V Nirmala, Spouse of Shri P R Venketrama Raja

6. Smt. B Srisandhya Raju, Daughter of Shri P R Venketrama Raja

7. Shri P V Abinav Ramasubramaniam Raja, Son of Shri P R Venketrama Raja

c. Enterprises over which the above persons exercise significant influence and with which the company has transactions during
the year ("Group")

1. Rajapalayam Mills Limited 13. Sudarsanam Estate

2. The Ramco Cements Limited 14. Ramco Welfare Trust

3. Ramco Industries Limited 15. Smt. Lingammal Ramaraju Shastra Prathista Trust

4. The Ramaraju Surgical Cotton Mills Limited 16. The Ramco Cements Limited Educational and

5. Sri Vishnu Shankar Mills Limited Charitable Trust

6. Sandhya Spinning Mill Limited 17. Gowrihouse Metal Works

7. Thanjavur Spinning Mill Limited 18. JKR Enterprises Limited

8. Sri Harini Textiles Limited 19. Gowrishankar Screws

9. Swarna Boomi Estate 20. P.A.C.R. Sethuramammal Charity Trust

10. Thanga Vilas Estate 21. P.A.C.R. Sethuramammal Charities

11. Rajapalayam Textile Limited 22. Rajapalayam Spinners Limited

12. Shri Harini Media Limited


11 Amounts recovered from Subsidiaries towards expenses incurred on account of on-site employees to the extent of Rs.155.64 Mln.
(previous year Rs.107.69 Mln.) have been netted off from expenses.

12 The Company''s shares are listed on BSE Limited and The National Stock Exchange of India Limited. In line with the provisions
of the listing agreement with the stock exchanges, the listing fee for the financial year 2015-16 have been paid to the BSE
Limited and The National Stock Exchange of India Limited.

13 Figures for the previous year have been regrouped / restated wherever necessary to make them comparable with the figures for
the current year.

14. The figures in Rupees have been rounded off to the million in both current and previous year.


Mar 31, 2013

1.1 The hire purchase loans are secured by hypothecation of assets (Vehicles) procured under the hire purchase scheme.

1.2 Terms of repayment: These loans are repayble in 48/60 equal monthly instalments from the date of disbursement. The interest and maturity profile are as under:

2.1 Short Term Borrowings Terms of Repayment and Security details

Loans repayable on demand, from Banks, secured, consists of:

(a) Rs.10.00 Mln. (previous year Rs.10.00 Mln.) secured by a pari-passu first charge on current assets including stocks and book debts and fixed assets of the Company except assets given as exclusive charge and assets acquired on hire purchase or lease and supported by Corporate Guarantee from Ramco Industries Limited and

(b) Rs.75.00 Mln. (previous year Rs.100.00 Mln.) secured by a pari-passu first charge on the current assets including stocks and book debts and supported by Corporate Guarantee from Ramco Industries Limited.

Loans repayable on demand, from Banks, unsecured, consists of:

(a) Rs. 100.00 Mln. (previous year Nil), supported by Corporate Guarantee from Madras Cements Limited.

Loans from Banks, unsecured, consists of :

(a) Rs. 2,230.00 Mln. (previous year Rs. 1,450.00 Mln.), supported by Corporate Guarantee from Madras Cements Limited and

(b) Rs.300.00 Mln. (previous year Rs.295.00 Mln.), supported by Corporate Guarantee from Ramco Industries Limited.

Loan repayable on demand from related parties, unsecured, consists of:

(a) Rs.137.50 Mln. (previous year Rs.130.00 Mln.) from Madras Cements Limited.

3.1 No provision for tax for the Company (including its Branches at United Kingdom and Germany) has been made in view of absence of taxable profits during current and previous year. Profits of the Dubai Branch are tax free. The company has net deferred tax assets as on 31st March, 2013 and as on 31st March, 2012, which arise mainly on account of carry forward losses. However the company has not taken credit for such net deferred tax assets.

As at As at 31.03.2013 31.03.2012 (Rs. Mln.) (Rs. Mln.)

4 Contingent Liabilities and Commitments

4.1 Contingent Liabilities:

(a) Bank Guarantees 33.52 38.38

(b) Disputed Income tax / Wealth tax demand - pending before the first appellate 12.34 9.84 authority

(c) In respect of disputed Sales tax demand amounting to Rs. 1.91 Mln. (previous year Nil), appeal is pending with the first Appellate Authority. Agains this, Rs. 0.95 Mln. has been deposited and for the balance, Bank Guarantee has been furnished.

Note: The Company is engaged in development of software products, which are marketed by the Company and its overseas subsidiaries. The intellectual property rights are held by the company. There are in-built warranties for performance and support. Claims which may arise out of these are not quantifiable and hence not provided for.

5 Research and Development

Statement of Profit and Loss, Balance Sheet and Schedules, based on separate books maintained in respect of the Research & Development Activities, are enclosed.

6 Segment Revenue

The company currently operates only in one segment, viz., Software Solutions & Services and hence the segment reporting as required by AS-17, issued by The Institute of Chartered Accountant of India does not apply.

Notes: (a) Details of corporate guarantees given by the Group are given in Note No.8.1 above.

(b) Details of transactions with Key Management Personnel and Relatives

(i) Remuneration paid to Shri P R Venketrama Raja for the year is Rs.1.17 Mln. (Previous year Rs.1.17 Mln.). (ii) Sitting fee paid to Shri P R Ramasubrahmaneya Rajha Rs.0.02 Mln. (Previous year Rs. 0.04 Mln.).

(c) The above figures include taxes as applicable.

7 Amounts recovered from Subsidiaries towards expenses incurred on account of on-site employees to the extent of Rs. 74.28 Mln. (previous year Rs.48.60 Mln.) have been netted of from expenses.

8 Figures for the previous year has been regrouped/restated wherever necessary to make them comparable with the figures for current year.

9 The Company''s shares are listed on Madras Stock Exchange Limited, Bombay Stock Exchange Limited and The National Stock Exchange of India Limited. The Listing Fees payable to these stock exchanges have been paid.

10 The figures in Rupees have been rounded off to the million in both current and previous year.


Mar 31, 2012

Note: The Share Application Money Pending Allotment represents receipt pursuant to the exercise of Options under the Employee Stock Option Scheme, 2008 of the Company. Under the said scheme, 1 share of Rs. 10 each, at a premium of Rs. 43 per share needs to be issued for each option exercised. The shares need to be allotted within 6 weeks of receipt of exercise application along with remittance of exercise money. No such application money has been pending beyond the stipulated time for allotment.

1.1 The hire purchase loans are secured by hypothecation of assets (Vehicles) procured under the hire purchase scheme.

2.1 Short Term Borrowings Terms of Repayment and Security details Loans repayable on demand, from Banks, secured, consists of:

(a) Rs. 10.00 Mln. (previous year Rs.10.00 Mln.) secured by a pari-passu first charge on current assets Including stocks and book debts and fixed assets of the Company except assets given as exclusive charge and assets acquired on hire purchase or lease and supported by Corporate Guarantee from Ramco Industries Limited and

(b) Rs.100.00 Mln. (previous year Rs.70.00 Mln.) secured by a pari-passu first charge on the current assets Including stocks and book debts and supported by Corporate Guarantee from Ramco Industries Limited.

Loans from Banks, unsecured, consists of:

(a) Rs. 1,450.00 Mln. (previous year Rs. 1,150.00 Mln.), supported by Corporate Guarantee from Madras Cements Limited and

(b) Rs.295.00 Mln.(previous year Rs.200.00 Mln.), supported by Corporate Guarantee from Ramco Industries Limited.

Loan repayable on demand from related parties, unsecured, consists of:

(a) Rs.130.00 Mln. (previous year Rs.120.00 Mln.) from Madras Cements Limited.

3.1 There are no Micro and Small Enterprises, to whom the Company owes dues as at March 31, 2012 and on March 31, 2011. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

4.1 No provision for tax for the Company (including its Branches at United Kingdom and Germany) has been made in view of absence of taxable profits during current and previous year. Profits of the Dubai Branch are tax free. The current taxation during the previous year represents the provision made for tax on the book profits, computed under Sec.115JB of the Income Tax Act, 1961. The company has net deferred tax assets as on March 31, 2012 and as on March 31, 2011, which arise mainly on account of carry forward losses. However the company has not taken credit for such net deferred tax assets.

The fee against Sl. No. (d) above for the previous year was not charged to the Statement of Profit and Loss in that year, in contemplation of adjustment of the same against Share Premium upon realisation of the proceeds of the Rights Issue 2010. However, in view of the withdrawal of the said Rights Issue during the year, the said fee has been charged to the Statement of Profit and Loss during the year.

5 Research and Development

Statement of Prof t and Loss, Balance Sheet and Schedules, based on separate books maintained in respect of the Research and Development Activities, are enclosed.

6 Segmental Revenue

The company currently operates only in one segment, viz., Software Solutions & Services and hence the segment reporting as required by AS-17, issued by The Institute of Chartered Accountants of India does not apply.

Notes: a) Details of corporate guarantees given by the Group are given in Note No.8.1 above.

b) Details of transactions with Key Management Personnel and Relatives

(i) Remuneration paid to Shri P.R. Venketrama Raja for the year is Rs.1.17 Mln. (Previous year Rs.1.17 Mln.).

(ii) Sitting fee paid to Shri P.R. Ramasubrahmaneya Rajha Rs.0.04 Mln. (Previous year Rs. 0.04 Mln.).

7 The Company has branches in United Kingdom, Germany and Dubai. The United Kingdom branch has made a turnover of Rs.13.18 Mln. for the year ended March 31, 2012 (previous year Rs. 5.03 Mln.), no turnover in Germany branch for the year and previous year and the Dubai branch has made a turnover of Rs.227.68 Mln. for the year ended March 31, 2012 (previous year Rs.258.96 Mln.).

8 Amounts recovered from Subsidiaries towards expenses incurred on account of on-site employees to the extent of Rs.48.60 Mln. (previous year Rs.25.01 Mln.) have been netted of from expenses.

9 The Company's shares are listed on Madras Stock Exchange Limited, Bombay Stock Exchange Limited and The National Stock Exchange of India Limited. The Listing Fees payable to these stock exchanges have been paid.

10 The financial statements for the year ended March 31, 2011 had been prepared as per the then applicable, pre-revised Schedule VI to the Companies Act, 1956. Consequent to the notification under the Companies Act, 1956, the financial statements for the year ended March 31, 2012 are prepared under revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's classification.

11 The figures in Rupees have been rounded off to the million in both current and previous year.


Mar 31, 2011

(Rs. 000)

1. Contingent Liabilities as at 31.03.2011 As at 31.03.2010

a) Estimated amount of contracts remaining to be executed on capital account and not provided for 4,768 7,675

b) Bank Guarantees 77,154 18,738

c) Letters of Credit 2,797 Nil

Note: The Company is engaged in development of software products, which are marketed by the Company and its overseas subsidiaries. The intellectual property rights are held by the Company. There are in-built warranties for performance and support. Claims which may arise out of these are not quantifable and hence not provided for.

2. Secured & Unsecured Loans

Borrowings from the banks for working capital amounting to Rs.10,000 thousands (previous year Rs.10,000 thousands) are secured by a pari-passu frst charge on current assets including stocks and book debts and fxed assets of the Company except assets given as exclusive charge and assets acquired on hire purchase or lease and supported by a Corporate Guarantee from Ramco Industries Limited. Borrowings from the banks for working capital amounting to Rs.70,000 thousands (previous year Rs.70,000 thousands) are secured by a pari-passu frst charge on the current assets including stocks and book debts and supported by a Corporate Guarantee from Ramco Industries Limited.

Obligations under fnance lease are secured against fxed assets procured under fnance lease arrangement.

Assets acquired under Hire Purchase Finance are hypothecated to the Hire Purchase Financial Institutions as security.

Of the total unsecured loans of Rs.1,470,798 thousands (previous year Rs.1,235,000 thousands), Rs.1,150,000 thousands (Previous year Rs.950,000 thousands) are supported by a Corporate Guarantee from Madras Cements Limited and Rs.200,000 thousands (previous year Rs.200,000 thousands) are supported by a Corporate Guarantee from Ramco Industries Limited.

3. Current Liabilities

There are no Micro, Small and Medium Enterprises, to whom the Company owes dues as at 31st March, 2011 and on 31st March, 2010. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identifed on the basis of information available with the Company.

6. Managerial Remuneration

The Board of Directors of the Company in its meeting held on 28th January, 2010, after considering the recommendations of the Remuneration Committee, re-appointed Shri P R Venketrama Raja as the Managing Director (MD) of the Company for a further period of fve years effective 23rd February, 2010, on the same terms and conditions as were applicable before the re-appointment.

The Companys VCMD & CEO is also the Vice Chairman & Managing Director of Ramco Industries Limited. As per the provisions of the Companies Act, 1956 read with Schedule XIII, the total remuneration payable should not exceed the higher maximum limit admissible from any one of the Companies of which he is the Managing Director.

This remuneration has been adjusted in the overall maximum remuneration of Rs.35,173,049/- (Previous Year Rs.36,070,426/-) payable by Ramco Industries Limited at 5% of its net profts computed in accordance with the provisions of the said Act.

7. Taxation

Current taxation for the year represents the provision made for tax on the book profts, computed under Sec.115JB of the Income Tax Act, 1961. The Company has net deferred tax assets as on 31st March, 2011 which arise mainly on account of carry forward losses. However the Company has not taken credit for such net deferred tax assets.

12. The Companys shares are listed on Madras Stock Exchange Limited, Bombay Stock Exchange Limited and The National Stock Exchange of India Limited. The Listing Fees payable to these stock exchanges have been paid.

13. The Company has branches in United Kingdom, Germany and Dubai. The United Kingdom branch has made a turnover of Rs.5,029 thousands for the year ended 31st March, 2011 (previous year Rs.5,587 thousands), Germany branch has made a turnover of NIL for the year ended 31st March, 2011 (previous year Rs.18,429 thousands) and the Dubai branch has made a turnover of Rs.258,959 thousands for the year ended 31st March, 2011 (previous year Rs.1,08,335 thousands).

14. Amounts recovered from Subsidiaries towards expenses incurred on account of on-site employees to the extent of Rs.25,006 thousands (previous year Rs.30,975 thousands) have been netted of from expenses.

15. Cost of resale materials for the year includes Rs.48,722 thousands (previous year Rs.25,995 thousands), towards sub-contracting charges. Increase / (decrease) in resale material for the year is Rs.559 thousands (previous year Rs.333 thousands) and value of purchase of resale material for the year is Rs.11,886 thousands (previous year Rs.40,586 thousands).

notes:

a) Details of corporate guarantees given by the Group are given in Note No.2 above.

b) Details of transactions with Key Management Personnel and Relatives (i) Remuneration paid to Shri P R Venketrama Raja is furnished in Note No.6 above (ii) Sitting fee paid to Shri P R Ramasubrahmaneya Rajha Rs.40 thousands (Previous year Rs.25 thousands)

17. Segmental Revenue:

The Company currently operates only in one segment, viz., Software Solutions & Services and hence the segment reporting as required by AS-17, issued by the Institute of Chartered Accountants of India does not apply.

18. Exceptional Expense of Rs.10,515 thousands in the previous year represents overseas withholding tax written off. During the year, such overseas withholding tax, after adjusting against the liability for tax under Sec.115JB of the Income Tax Act, 1961, amounting to Rs.2,035 thousands has been grouped under “Administrative and Other Expenses".

19. The fgures have been rounded off to the nearest rupee / thousand and previous years fgures have been regrouped / recast wherever necessary to conform to the current year classifcations.


Mar 31, 2010

(Rs. 000)

1. Contingent Liabilities As at 31.03.2010 As at 31.03.2009

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for 7,675 655

(b) Bank Guarantees 18,738 10,773

(c) Letters of Credit Nil 720

Note: The Company is engaged in development of software products, which are marketed by the Company and its overseas subsidiaries. The intellectual property rights are held by the Company. There are in-built warranties for performance and support. Claims which may arise out of these are not quantifiable and hence not provided for.

2. Secured & Unsecured Loans

Borrowings from the banks for working capital amounting to Rs.10,000 thousands are secured by a pari-passu first charge on current assets including stocks and book debts and fixed assets of the Company except assets given as exclusive charge and assets acquired on hire purchase or lease and supported by a Corporate Guarantee from Ramco Industries Limited. Borrowings from the banks for working capital amounting to Rs.70,000 thousands are secured by a pari-passu first charge on the current assets including stocks and book debts and supported by a Corporate Guarantee from Ramco Industries Limited.

Borrowings from the banks for working capital amounting to Rs.1,95,000 thousands during the previous year were secured by a first charge on the current assets including stocks and book debts and fixed assets of the Company except assets given as exclusive charge and assets acquired on hire purchase or lease and supported by a Corporate Guarantee from Madras Cements Limited and Ramco Industries Limited.

Obligations under finance lease are secured against fixed assets procured under finance lease arrangement.

Assets acquired under Hire Purchase Finance are hypothecated to the Hire Purchase Financial Institutions as security.

Of the total unsecured loans of Rs.1,235,000 thousands (Previous year Rs. 870,086 thousands), Rs. 950,000 thousands (Previous year Rs.470,086 thousands) are supported by a Corporate Guarantee from Madras Cements Limited and Rs.200,000 thousands (Previous year Rs.200,000 thousands) are supported by a Corporate Guarantee from Ramco Industries Limited.

3. Current Liabilities

There are no Micro and Small Enterprises, to whom the Company owes dues as at 31st March 2010 and as on 31st March 2009. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

4. Taxation

No provision for current Income Tax for the Company has been made in view of absence of taxable profits. The company has net deferred tax assets as on 31st March 2010 which arise mainly on account of carry forward losses. However the company has not taken credit for such net deferred tax assets.

5. The Companys shares are listed on Madras Stock Exchange Limited, Bombay Stock Exchange Limited and The National Stock Exchange of India Limited. The Listing Fees payable to these stock exchanges have been paid.

6. The Company has branches in United Kingdom, Germany and Dubai. The United Kingdom branch has made a turnover of Rs.5,587 thousands for the year ended 31st March 2010 (previous year Rs. 6,585 thousands), Germany branch has made a turnover of Rs.18,429 thousands for the year ended 31st March 2010 (previous year Rs.9,286 thousands) and the Dubai branch has made a turnover of Rs. 108,335 thousands for the year ended 31st March 2010 (previous year Nil).

7. Amounts recovered from Subsidiaries towards expenses incurred on account of on-site employees to the extent of Rs.30,975 thousands (Previous year Rs.49,949 thousands) have been netted off from expenses.

8. Related Party Transactions:

As per Accounting Standard (AS 18) issued by The Institute of Chartered Accountants of India, the Companys related parties are given below:

a. Subsidiary Companies:

1. Ramco Systems Corporation, USA

2. Ramco Systems Ltd., Switzerland

3. Ramco Systems Pte Ltd., Singapore

4. Ramco Systems Sdn Bhd., Malaysia

5. RSL Enterprise Solutions (Pty) Ltd., South Africa

b. Key Management Personnel and Relatives:

1. Shri P R Ramasubrahmaneya Rajha

2. Shri P R Venketrama Raja

9. Segmental Revenue:

The company currently operates only in one segment, viz., Software Solutions & Services and hence the segment reporting as required by AS-17, issued by The Institute of Chartered Accountants of India does not apply.

10.The figures have been rounded off to the nearest rupee /thousand and previous years figures have been regrouped /recast whereever necessary to conform to the current year classifications.

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