1.0 CORPORATE INFORMATION:
RAMINFO Limited ("The Company) was incorporated on 20-05-1994 and the CIN being L72200TG1194PLC017598. The company is engaged in the business of IT enabled services/Software development.
Explanation of Key components:
a) Remeasurement cost of net defined benefit liability: The remeasurement cost arising primarily due to change in actuarial assumptions has been recognised in Other Comprehensive Income (OCI) under Ind AS compare to Statement of Profit and Loss under previous GAAP.
b) Amortised cost for Financial Assets and Financial Liabilities: The Company has valued certain Financial Assets and Financial Liabilities at amortised cost. Impact as on transition date is recognised in opening reserves and changes thereafter are recognised in Statement of Profit and Loss.
There were no significant reconciliation items between cash flows prepared under Indian GAAP and those under Indian AS.
HDFC Loan: Vehicle loan from HDFC bank is secured against hypothecation of Vehicle.
Overdraft - Punjab National Bank: Primary Security is hypothecation of Book Debts of the company, both present and future. This facility is guaranteed by RRAS Technologies Pvt Ltd (Promoter Company), Managing Director of the Company and his relative. This facility is also secured by the immovable properties of other parties.
c. Terms/rights attached to equity shares
The Company has only one class of equity shares having a par value of Rs.10/- per share. Voting right is upon show of hands, every member is entitled to one vote only irrespective of number of shares such member is holding and upon a poll, each holder of equity shares is entitled to one vote per share. In 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 the preferential liabilities. The distribution will be in proportion to the number of equity shares held by the share holders.
Previous year figure are regrouped / reclassified wherever necessary to correspond with the current years classification / disclosure
The accompanying notes are an integral part of the Standalone financial statements.
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