Mar 31, 2014
1) Corporate information:
Softech Infinium Solutions Limited (the "company") was incorporated
on 21st December, 1992.The company provides a wider range of
information technology and consultancy services. The company has it's
registered office at Chennai and the state of the art R & D Technology
centre at the same building with necessary infrastructure for
development, training and consultancy activities.
2) In terms of the General Circular No.2 /2011 dated 8/2/2011 of MCA,
the company undertakes that annual accounts of the subsidiary company
as may be applicable and the related information shall be made
available to the shareholders of the holding and subsidiary companies
seeking any information at any point of time. Also, kept open for
inspection by any shareholders at the Registered Office of the holding
company and of the subsidiary company. Further, these hard copy of the
details of accounts of subsidiary shall be furnished to shareholder on
demand.
3) Disclosure under Clause 32 of the listing Agreement
Amount of loans and advances in nature of loans outstanding from
subsidiaries as at March 31,2014: - 0.13 - (0.13)
Mar 31, 2013
1) Corporate information:
Softech Infinium Solutions Limited was incorporated on 21st December,
1992.The company is primarily engaged in the business of Information
Technology.
Softech Infinium Solutions Limited (the "company") provides a wider
range of information technology and consultancy services. The company
has it''s registered office at Chennai and the state of the art R & D
Technology centre at the same building with necessary infrastructure
for development, training and consultancy activities.
2) The Sales refers to Software consultancy income.
3) The salary include the Salary & Allowances paid to whole time
Directors as under (Rs) Nil (Nil)
4) Expenditure in Foreign Currency :
(Rs) Nil (Nil)
5) Varies items pertaining to the previous year were regrouped,
reclassified and rounded off pursuant to the revised schedule VI of the
Companies Act, 1956 vide Ministry of Corporate Affairs notification
reference number S.O. 447(E) dated 28th February. 2011.
6) a) Classification of Assets : An asset shall be classified as
current when it satisfies any of the following criteria: i. it is
expected to be realized in. or is intended for sale or consumption in,
the company''s normal operating cycle; ii. it is held primarily for the
purpose of being traded; iii. it is expected to be realized within
twelve months after the reporting date; or iv. it is cash or cash
equivalent unless it is restricted from being exchanged or used to
settle a liability for at least twelve months after the reporting date.
All other assets shall be classified as non -current.
7) b) Classification of Liabilities: A liability shall be classified as
current when it satisfies any of the following criteria:
i. it is expected to be settled in the company''s normal operating
cycle; ii. it is held primarily for the purpose of being traded; iii.
it is due to be settled within twelve months after the reporting date;
or iv. the company does not have an unconditional right to defer
settlement of the liability for at least twelve months after the
reporting date. Terms of a liability that could, at the option of the
counterparty, result in its settlement by the issue of equity
instruments do not affect its classification. All other liabilities
shall be classified as non-current.
b) Rights, preferences and restrictions attached to shares Equity
shares:
The company has one class of fully paid equity shares having a par
value of Rs. 10 each. Each shareholder is eligible for one vote per
share held by him. Any dividend proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing Annual
General Meeting, except in case of interim dividend. In the event of
liquidation, the equity shareholders are eligible to receive the
remaining assets of the Company after distribution of all preferential
amounts, in proportion to their shareholding.
c) Shares held by holding company, its subsidiaries and associates -
NIL-
e) Shares allotted as fully paid up by way of bonus shares (during 5
year preceding march 31, 2013) -NIL-
f) Shares reserved for issue under options and contracts/ commitments
for the sale of shares/disinvestment, including the terms and amounts;
- NIL-
g) For the period of five years immediately preceding the date as at
which the Balance Sheet is Prepared:
- Aggregate number and class of shares of allotted as fully paid up
pursuant to contract(s) without payment being received in cash. -NIL-
- Aggregate number and class of shares allotted as fully paid up by way
of bonus shares. - NIL -
- Aggregate number and class of shares bought back. - NIL - h) Terms
of any securities convertible into equity/ preference shares issued
along with the earliest date of conversion in descending order starting
from the farthest such date. Issue of 70.00,000 warrants convertible
into equity shares of Rs. 10 each at a price of Rs. 22/- to promoter &
other than promoter. Date of conversion is not yet fixed as warrants
are yet to be fully paid.
i) Calls unpaid ( showing aggregate value of calls unpaid by directors
and officers ) - NIL -
Forfeited shares (amount originally paid up ) -NIL-
8) Exceptional items (Revenue) : - Nil - (Nil)
9) The Company has not collected Service Tax on many Bills and if any
liability arises in future, it may be required to remit Service Tax
with applicable interest. The quantum cannot be ascertained as company
claims that these items are exempted from service tax.
10) In terms of the General Circular No.2~/2011 dated 8/2/2011 of MCA,
the company undertakes that annual accounts of the subsidiary company
as may be applicable and the related information shall be made
available to the shareholders of the holding and subsidiary companies
seeking any information at any point of time. Also, kept open for
inspection by any shareholders at the Registered Office of the holding
company and of the subsidiary company. Further, these hard copy of the
details of accounts of subsidiary shall be furnished to shareholder on
demand.
11) Disclosure under Clause 32 of the listing Agreement
Amount of loans and advances in nature of loans outstanding from
subsidiaries as at March 31,2013:" -0.13- (0.13)
Mar 31, 2012
1) Corporate information:
Softech Infinium Solutions Limited (the "company") provides a wider
range of information technology and consultancy services. The company
has it's registered office at Chennai and the state of the art R & D
Technology centre at the same building with necessary infrastructure
for development, training and consultancy activates.
2) The Sales refers to Software consultancy income.
3) The salary include the Salary & Allowances paid to whole time
Directors as under
(Rs) Nil (Nil)
4) Expenditure in Foreign Currency :
NZD $ Rs.
299 12,450 (conversion Rate @41.637094 as on 31/3/2012) (Nil)
This is incurred towards formation of SOFTECHIN LIMITED in New Zealand
on 31/10/2011 and said company had not commencement any activity. The
INR has been arrived at exchange rate as on 31/03/2012 in terms of
General Circular No.2 /2011 dated 8/2/2011 of MCA.
5) Varies items pertaining to the previous year were regrouped,
reclassified and rounded off pursuant to the revised schedule VI of the
Companies Act, 1956 vide Ministry of Corporate Affairs notification
reference number S.O. 447(E) dated 28* February, 2011.
6) a) Classification of Assets : An asset shall be classified as
current when it satisfies any of the following criteria:
i. it is expected to be realized in, or is intended for sale or
consumption in, the company's normal operating cycle;
ii. it is held primarily for the purpose of being traded;
iii. it is expected to be realized within twelve months after the
reporting date; or
iv. it is cash or cash equivalent unless it is restricted from being
exchanged or used to settle a liability for at least twelve months
after the reporting date.
All other assets shall be classified as non -current.
6)b) Classification of Liabilities: A liability shall be classified as
current when it satisfies any of the following criteria:
i. it is expected to be settled in the company's normal operating
cycle;
ii. it is held primarily for the purpose of being traded;
iii. it is due to be settled within twelve months after the reporting
date; or
iv. the company does not have an unconditional right to defer
settlement of the liability for at least twelve months after the
reporting date. Terms of a liability that could, at the option of the
counterparty, result in its settlement by the issue of equity
instruments do not affect its classification.
All other liabilities shall be classified as non-current.
7. SHARE CAPITAL
The Authorised, issued, Subscribed and fully paid-up share capital
comprises of equity shares having a par value of Rs. 10 each as
follows:
b) Rights, preferences and restrictions attached to shares Equity
shares:
The company has one class of fully paid equity shares having a par
value of Rs. 10 each. Each shareholder is eligible for one vote per
share held by him. Any dividend proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing Annual
General Meeting, except in case of interim dividend. In the event of
liquidation, the equity shareholders are eligible to receive the
remaining assets of the Company after distribution of all preferential
amounts, in proportion to their shareholding.
c) Shares held by holding company, its subsidiaries and associates -
NIL -
d) Detail of shares held by shareholders more than 5% of the aggregate
shares in the company
e) Shares allotted as fully paid up by way of bonus shares (during 5
year preceding march 31, 2012) - NIL -
f) Shares reserved for issue under options and contracts/ commitments
for the sale of shares/ disinvestment, including the terms and amounts;
- NIL -
g) For the period of five years immediately preceding the date as at
which the Balance Sheet is Prepared:
- Aggregate number and class of shares of allotted as fully paid up
pursuant to contract(s) without payment being received in cash. - NIL
-
- Aggregate number and class of shares allotted as fully paid up by
way of bonus shares. - NIL -
- Aggregate number and class of shares bought back. - NIL -
h) Terms of any securities convertible into equity/ preference shares
issued along with the earliest date of conversion in descending order
starting from the farthest such date. - NIL -
i) Calls unpaid ( showing aggregate value of calls unpaid by directors
and officers ) - NIL -
j) Forfeited shares (amount originally paid up ) - NIL -
8) The Company has not collected Service Tax on many Bills and if any
liability arises in future, it may be required to remit Service Tax
with applicable interest. The quantum cannot be ascertained as company
claims that these items are exempted from service tax.
9) In terms of the General Circular No.2 /2011 dated 8/2/2011 of MCA,
the company undertakes that annual accounts of the subsidiary company
as may be applicable and the related information shall be made
available to the shareholders of the holding and subsidiary companies
seeking any information at any point of time. Also, kept open for
inspection by any shareholders at the Registered Office of the holding
company and of the subsidiary company. Further, these hard copy of the
details of accounts of subsidiary shall be furnished to shareholder on
demand.
10) Disclosure under Clause 32 of the listing Agreement
Amount of loans and advances in nature of loans outstanding from
subsidiaries as at March 31, 2012; - NIL - ( NIL )
Mar 31, 2010
1 The Sales refers to Software consultancy income, includes Export of
software for USD 658500.
2 The salary include the Salary & Allowances paid to whole time
Directors as under (Rs) Nil (Nil)
3 Expenditure in Foreign Currency:
USD Rs.
NIL (NIL) NIL (NIL)
4 The figure relating to last year are reclassified where necessary and
rounded off.
Mar 31, 2009
1 The Sales refers to Software consultancy income
2 The salary include the Salary & Allowances paid to whole time
Directors as under (Rs) Nil (Nil)
3 Expenditure in Foreign Currency :
USD Rs.
NIL (NIL) NIL (NIL)
4 The figure relating to last year are reclassified where necessary and
rounded off.