Uniinfo Telecom Services Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2024

2.24 Provisions contingent Liabilities and Contingent Assets

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event. It is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. If the effect of the time value of money is material, provisions are discounted using equivalent period government securities interest rate. Unwinding of the discount is recognised in the statement of profit and loss as a finance cost. Provisions are reviewed at each balance sheet date and are adjusted to reflect the current best estimate. Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made. Information on contingent liability is disclosed in the Notes to the Financial Statements. Contingent assets are not recognised. However, when the realisation of income is virtually certain, then the related asset is no longer a contingent asset, but it is recognised as an asset.

Commitments

Commitments are future liabilities for contractual expenditure, classified and disclosed as follows:

(i) estimated amount of contracts remaining to be executed on capital account and not provided for;

(ii) uncalled liability on shares and other investments partly paid;

(iii) funding related commitment to subsidiary, associate and joint venture companies; and

(iv) other non-cancellable commitments, if any, to the extent they are considered material and relevant in the opinion of management. Other commitments related to sales/procurements made in the normal course of business are not disclosed to avoid excessive details."

2.25 Leases

The Company has adopted Ind AS 116 on leases. The Company’s lease asset classes primarily consist of leases for Buildings. The Company assesses whether a contract is or contains a lease, at inception of a contract.

A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether:

(ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and

(iii) the Company has the right to direct the use of the asset.

At the date of commencement of the lease, the Company recognises a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and leases of low value assets. For these short-term and leases of low value assets, the Company recognises the lease payments as an operating expense on a straight-line basis over the term of the lease.

The right-of-use assets are initially recognised at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses, if any. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset.

The lease liability is initially measured at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates. The lease liability is subsequently remeasured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying amount to reflect the lease payments made.

A lease liability is remeasured upon the occurrence of certain events such as a change in the lease term or a change in an index or rate used to determine lease payments. The remeasurement normally also adjusts the leased assets

Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows.

2.26 Recent Accounting Pronouncements:

Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards) Rules as issued from time to time. There is no such notification which would have been applicable from 1st April, 2024.

B Fair Value Measurements (Ind AS 113):

The Management assessed that Cash and Cash Equivalents, Trade Receivable, Trade Payable, Other Current financial assets and other current financial liabilities approximate their carrying amounts largely due to the Short-Term maturities of these instruments.

The Fair value of the other financial asset and liabilities is included at the amount at which the instrument could be exchanged in a Current transaction between willing parties other than forced or Liquidation sale. The following methods and assumptions were used to estimate the fair value:-

1) The Fair value of Loans from Banks, other non-current financial assets and other non-current liabilities is estimated by discounting future Cash flows using rates currently available for debt or similar items, Credit Risk and remaining maturities. The Valuation requires management to use unobservable inputs in the model, of which the significant unobservable inputs are disclosed in the Table below. Management regularly assesses a range of reasonably possible alternatives for those significant unobservable inputs and determines their impact on the total fair value.

Note 52 Financial risk management Objectives and Policies

The company''s principal financial liabilities comprise loans and borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Company’s operations. The Company‘s principal financial assets include trade and other receivables and cash and cash equivalents that are derived directly from its operations.

The Company’s financial risk management is an internal part of how to plan and execute its business strategies. The company is exposed to market risk, credit risk and liquidity risk.

The company senior management overseas the management of these risks. The senior Professionals working to manage the financial risks and the appropriate financial risk governance framework for the company are accountable to the Board of Directors and Audit Committee. This process provided assurance the Company’s senior management that the Company’s financial risk-taking activities are governed by appropriate policies and procedures and that financial risk are identified, measured and managed in accordance with Company policies and Company risk objectives. In the event of crises caused due to external factors the management assesses the recoverability of its assets, maturity of its liabilities to factor it in cash flow

forecast to ensure there is enough liquidity in these situations through internal and external source of funds. These forecast and assumptions are reviewed by board of directors.

The Board of Directors reviews and agrees policies for managing each of these risks which are summarized as below

- Foreign Exchange Risk

- Interest Rate Risk

- Credit risk

- Liquidity risk and

- Market risk

I Risk management framework

The Company’s board of directors has overall responsibility for establishment and Oversight of the company’s risk management framework. The board of directors has established the processes to ensure that executive management controls risks through the Mechanism of property defined framework.

The Company’s risk management policies are established to identify and analyse the risks faced by the company, to set appropriate risk limits and controls and to monitor risks and adherence to limits.

Risk management policies and systems are reviewed by the board annually to reflect changes in market conditions and company’s activities. The company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

II Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the company’s receivables from customers. The carrying amount of financial assets represents the maximum credit exposure. The Company monitor credit risk very closely both in domestic and export market. The management impact analysis shows credit risk and impact assessment as low.

a Trade and other receivable

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk of the industry and country in which customers operate.

The company management has established a credit policy under which each new customer is analysed individually for creditworthiness before the Company’s standard payment and delivery terms and conditions are offered. The Company’s review includes market check, industry feedback, past financials and external ratings, if they are available, and in some cases bank references. Sale limits are established for each customer and reviewed quarterly. Any sales exceeding those limits require approval from the Directors of the company.

About 80% of the Company’s customers have been transacting with the company for over Five to Ten years, and no significant impairment loss has been recognized against those customers. In monitoring customer credit risk, Customers are reviewed according to their credit characteristics, including whether they are an individual or a legal entity, their geographic location, industry and existence of previous financial difficulties.

The company establishes an allowance for impairment that represents its expected credit losses in respect of trade and other receivables. The management uses a simplified approach for the purpose of computation of expected credit loss for trade receivables.

The carrying amount (net of loss allowances Rs 13.53) oftrade receivables is Rs. 599.69/- (31st March, 2023 Rs. 1074.94/-) The Company management also pursues all legal option for recovery of dues wherever necessary based on its internal assessment.

III Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as for as possible, that it will have sufficient liquidity to meet its liabilities when they are fallen due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

Prudent liquidity risk management implies maintaining sufficient cash and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due and to close out market positions. Due to the dynamic nature of the underlying businesses, the Company maintains flexibility in funding by maintaining availability under committed credit lines.

IV Market risk

Market risk is the risk that the Fair value of future cash flow of a financial instrument will fluctuate because of changes in market prices. Market prices comprise three types of risk: Currency rate risk, Interest Risk and other price risk, such as equity price risk and commodity price risk. Financial instruments affected by market risks include loans and borrowings, deposits, investments and foreign currency receivables and payables. The sensitivity analysis in the following sections relate to the position as at reporting date. The analysis excludes the impact of movements in market variables on the carrying values of nonfinancial assets and liabilities. The sensitivity of the relevant Profit and Loss items and equity is the effect of the assumed changes in the respective market risks. This is based on the financial assets and financial liabilities held as of March 31, 2024 and March 31,2023.

V Currency risk

The company is exposed to foreign exchange risk arising currency transaction, primarily with respect to the THB and small exposure in QAR. Foreign exchange risk arises from future commercial transactions and recognized assets and liabilities denominated in a currency that is not the Company’s functional currency (INR). The risk is measured through a forecast of highly probable foreign currency cash flows.

Currency risks related to the principal amounts of the Company’s foreign currency receivables and payables, taken by the Company.

VII Interest rate risk

The Company’s main interest rate risk arises from long-term borrowings with variable rates, which expose the Company to cash flow interest rate risk. During year ended 31 march 2024 and 31 march 2023, the Company’s borrowings at variable rate were denominated in INR.

Currently the Company’s borrowings are within acceptable risk levels, as determined by the management; hence the company has not taken any swaps to hedge the interest rate risk. The Company constantly monitors the credit markets and revisits its financing strategies to achieve an optimal maturity profile and financing cost.

VIII Capital management

The primary objective of the management of the Company’s capital structure is to maintain an efficient mix of debt and equity in order to achieve a low cost of capital, while taking into account the desirability of retaining financial flexibility to purpose the board of directors regularly review the Company’s capital structure in light of the economic conditions, business strategies and future commitments. For the purpose of the company’s capital management, capital includes issued share capital, and all other equity reserves. No significant changes were made in the objectives, policies or processes relating to the management of the company’s capital structure.

The Company monitors capital on basis of total equity and debt on a periodic basis. Equity comprises all components of equity including the fair value impact. Debt includes long-term loan and short term loans. The following table summarizes the capital of the Company:

Note-55 Other Statutory information

(I) The Company does not have any transaction with struck off Companies

(II) The Company does not have any benami property, where any proceeding has been initiated or pending against the company for holding any benami property

(III) As on 31st March, 2024 there is no unutilised amounts in respect of any issue of securities and long term borrowings from banks and financial institutions. The borrowed funds generally utilised for the specific purpose

for which the funds were raised.

(IV) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(V) Company has not traded or invested in Crypto currency or Virtual Currency during the financial year-Not Applicable

(VI) The Company has not any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961)

(VIII ) Where the Company has not Complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies beyond the specified layers and the relationship or extent of holding of the company in such downstream companies shall be disclosed- Not Applicable

(IX) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries)

or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with

(X) The understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries)

or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

presently the company not covered under section 135 of the Companies Act under Corporate Social Responsibility (CSR) hence such disclosure requirement is not applicable

Note 56 Contribution to political parties during the year 2023-24 is Nil (previous year: Nil).

Note-57 Figures for the previous year have been regrouped wherever found necessary.

Note-58 Figures have been rounded off to nearest Rupee in Lakhs

For and on behalf of the Board of Directors of Uniinfo Telecom Services Limited

As per our report of even date

Kishore Kumar Bhuradia Pranay Kumar Parwal

For ABMS & Associates

(Managing Director) (Director)

Chartered Accountants

(DIN : 03257728) (DIN : 03257731)

^{Abhay Sharma} Brijesh Kumar Sandeep Patel

^Partner Shrivastava (Company Secretary)

M-^N°. ⁴¹¹⁵⁶⁹ (Chief Financial Officer) (M. No A54908)

^{Date: 27th Ma}y ^{2024 (} (M No 72402) '' ^{( }}

Place: Indore

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Mar 31, 2018

1. Terms/rights attached to Equity Shares:

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

ii. In the event of liquidation of the Company, the holders of equity shares shall be entitled to receive any of the remaining assets of the company; after distribution of all preferential amounts. The amount distributed

1.2 The company has issued 40,000 Right Equity Shares of Rs. 10 each share on premium of Rs. 115 per share in the financial year 2015-16.

1.3 The company has issued 1,7&,200 Right Equity Shares of Rs. 10 each share on premium of Rs. 170 per share in the financial year 2016-17.

1.4 The company has issued 2,12,745 Right Equity Shares of Rs. 10 each share on premium of Rs, 225 per share in the financial year 2017-18.

1.5 The company has issued 66,14,175 Bonus Equity Shares of Rs, 10 each share in the financial year 20171S, out of securities premium reserve account, In accordance with the provisions of See.63 of the Companies Act, 2013.

1.6 Initial public issue of upto 36,38,000 equity shares of face value of Rs. 10/- each ("equity shares''¹'') of Uniinfo Telecom Services Limited (the "company" or the "issuer") at a price of Rs. 55/- per equity share, including a share premium of Rs. 45/- per equity share (the "issue price"), aggregating up to Rs.2,000.90 lakhs("the issue"), of which 8,04,000 equity shares of face value of Rs.10/- each at a price of Rs. 55/- per equity share, aggregating up to Rs. 442.20 lakhs will be reserved for Pre- IPO placement and 28,34,000 equity shares of Rs.10/- each at a price of Rs. 55/- per equity share, aggregating up to Rs. 1,553.70 lakh was reserved for public isiiue of which 1,42,000 equity shares of face value of Rs. 10/- each at a price of Rs. 55/- per equity share, aggregating up to Rs. 78.10 lakhs was reserved for the market maker to the issue (the "market maker reservation portion"), the public issue less market maker reservation portion i.e. net issue to public will be 26,32,000 equity shares of face value of Rs. 10/- each at a price of Rs, 55/- per equity share, aggregating up to Rs. 1,480.60 lakhs is hereinafter referred to as the "net issue", the PRE - IPO placement, public issue and the net issue will constitute 7.52%, 26.50% and 25.18% respectively of the post issue paid up equity share capital of our company.

For Aditya Birla Finance Limited - Demand Line of Credit Against Securities

a. In the current financial year, the company has fully repaid the outstanding balance of the facility from the Aditya Birla Finance Limited. Further, the line of credit facility against securities is available & in active mode to the company after repayment of the same,

b. Indian rupee of Demand Lire of Credit Against Securities from Aditya Birla Finance Limited (NBFC) @12,00% p.a. vide sanction letter dated 04th Jan. 2018, the credit facility repayable on monthly installment basis along with interest as when due on the remaining balance.

c. The Demand Line of Credit facility is secured against unencumbered and tradable securities as per the approved list of securities of Aditya Birla Finance Limited at applicable margin. Further, margin shortfall, if arise in future will be recouped by pledging additional approved securities or making part repayment only.

For Axis Bank -Car Loan

a. The car loan taken from the Axis Bank Limited carries interest @ S.G5% vide sanction letter dated 05,03.2018, The loan is repayable in 60 equated monthly installments along with interest as and when due on the remaining balance.

b. The car loan is secured by hypothication of the car purchased from bank finance.

Terms & conditions of loans from banks

For HDFC - Business Term Loan (Top Up)

a. The Indian rupee business loan taken from the HDFC Bank Limited carries interest @15,75% p.a. vide sanction letter dated 23-11-2016. The loan is repayable in 36 equated monthly installment along with interest as and when due on the remaining balance.

For Kotak Mahindra Bank Limited - Business Term Loan (C5G - 152725187)

a. The Indian rupee Business Loan taken from the Kotak Mahindra Bank Limited carries interest @17% p.a. vide agreement letter dated 16-11-2017. The loan is repayable in 24 equated monthly installment along with interest as and when due on the remaining balance.

For Kotak Mahindra Bank Limited - Business Term Loan - (CSG - 152574470)

a. The Indian rupee Business Loan taken from the Kotak Mahindra Bank Limited carries interest @17% p.a. vide agreement letter dated 13-02-2017. The loan is repayable in 36 equated monthly installment along with interest as and when due on the remaining balance.

For RBL Bank Limited - Business Term Loan (Loan A/c No. 809000541241)

a. The Indian rupee Business Loan taken from the RBL Bank Limited carries interest @18% p.a. vide disbursement letter dated 23-10-2015. The loan is repayable in 25 equated monthly installment along with interest as and when due on the remaining balance.

For RBL Bank Limited - Business Term Loan (Loan A/c No. 809000829787)

a. The Indian rupee Business Loan taken from the RBL Bank Limited carries interest @18% p,a, vide disbursement letter dated 03-12-2016. The loan is repayable in 24 equated monthly installment along with interest as and when due on the remaining balance.

For RBL Bank Limited - Business Term Loan (Loan A/c No. 80900134306S)

a. The Indian rupee Business Loan taken from the RBL Bank Limited carries interest @18% p.a. vide disbursement letter dated 18-11-2017. The loan is repayable in 36 equated monthly installment along with interest as and when due on the remaining balance.

For Indusind Bank Limited - Business Term Loan

a. The Indian rupee Business Loan taken from the Indusind Bank Limited carries interest @1B-5Q% p.a. vide sanction letter dated 05-12-2Q17. The loan is repayable in 36 equated monthly installment along with interest as and when due on the remaining balance.

For Equitas Small Finance Bank Limited - Business Term Loan

a. The Indian rupee Business Loan taken from the Equitas Small Finance Bank Limited carries interest @18% p.a. vide agreement letter dated 17-11-2017, The loan is repayable in 24 equated monthly installment along with interest as and when due on the remaining balance.

Terms & conditions of loans from Non-Banking Financial Companies :-For Capital First Limited - Business Term Loan (Agreement No, 3S48129)

a. The Indian rupee Business Loan taken from the Capital First Limited carries interest @18% p.a. vide agreement letter dated 19-12-2016. The loan is. repayable in 36 equated monthly installment along with

For Capital First Limited - Business Term Loan (Agreement No. 13487518)

a. The Indian rupee Business Loan taken from the Capital First Limited carries interest @1S_50% p.a. wide agreement letter dated 24-11-2017. The loan is repayable in 36 equated monthly installment along with

For Edelweiss Retail Finance Limited - Business term Loan (Top Up)

a. The Indian rupee Business Loan taken from the Edelweiss Retail Finance Limited carries interest @13% p.a. vide agreement letter dated 02-12-2016. The loan is repayable in 24 equated monthly installment along

For Fullerton India Credit Co. Limited - Business Term Loan (Top Up)

a. The Indian rupee Business Loan taken from the Fullerton India Credit Company Limited carries interest @18% p.a. vide agreement letter dated 05-01-2017. The loan is repayable in 24 equated monthly installment along with interest as and when due on the remaining balance.

For HDB Financial Services Limited - Business Term Loan

a. The Indian rupee Business Loan taken from the HDB Financial Services Limited carries interest @18% p.a. vide agreement letter dated 12-12-2017. The loan is repayable in 36 equated monthly installment along with

For India Info line Finance Limited - Business Term Loan

a. The Indian rupee Business Loan taken from the India Infoline Finance Limited carries interest @1S% p.a. vide agreement letter dated 30-10-2017. The loan is repayable in 36 equated monthly installment along with

a. The Indian rupee Business Loan taken from the IVL Finance Limited carries interest @18.50% p.a. vide agreement letter dated 18-12-2017. The loan is repayable in 36 equated monthly installment along with

Magma Fincorp Limited - Business Term Loan (Customer Proposal No. PG/0135/P/16/000139)

a- The Indian rupee Business Loan taken from the Magma Fincorp Limited carries interest @17.50% p.a. vide agreement letter dated 10-01-2018. The loan is repayable in IS equated monthly installment along with

Magma Fincorp Limited - Business Term Loan (Customer Proposal No. PG/0135/P/16/000095)

a. The Indian rupee Business Loan taken from the Magma Fincorp Limited carries interest @19% p.a. Vide agreement letter dated 11-04-2017. The loan is repayable in 24 equated monthly installment along with

a. The indian rupee Business Loan taken from the Reliyare Finvest Limited carries interest @1£.75% p.a. Vide agreement letter dated 29-10-2015, The loan is repayable in 36 equated monthly installment along with

For Tata Capital Financial Services Limited - (Loan A/c No. 6722634)

a. The Indian rupee Business Loan taken from the TATA Capital Financial Services Limited carries interest @17,57% p.a. Vide disbursement letter dated 24-11-2016. The loan is repayable in 24 equated monthly installment along with interest as and when due on the remaining balance.

For Tata Capital Financial Services Limited - PL Business Loan {Loan A/c No. TCFBL028400D0100163S5)

a. The Indian rupee Business Loan taken from the TATA Capital Financial Services Limited carries interest @18,00% p,a. Vide disbursement letter dated 20-11-2017, I he loan is repayable in 36 equated monthly installment along with interest as and when due on the remaining balance.

For Volition Credit & Holdings Pvt. Ltd. - Udyam Loan

a. The Indian rupee Udyam Loan taken from the Volition Credit & Holdings Pvt. Ltd. carries interest @1S,50% p.a. vide agreement letter dated 17-08-2017, The loan is repayable in 36 equated monthly installment along with interest as and when due on the remaining balance.

For Zen Lefin Limited - Business Loan

s. The Indian rupee Business Loan taken from the Zen Lefin Private Limited carries interest @13.00% p.a. vide sanction letter dated 13-12-2016. The loan is repayable in 36 equated monthly installment along with interest as and when due on the remaining balance.

Terms & Conditions of Loans from Related Parties - Directors

These were taken an long term basis with mutually agreed repayment terms and are bearing interest @ 12% per annuam.

Terms & conditions of CC LIMIT from ICICI Bank Limited :-

a. Loans repayable on demand from ICICI Bank carries interest @I-MCLR-6M 1.95% vide sanction letter dated 23.03.201R. However, the facilities are available for the period of 12 months subject to review at periodocals intervals wherein the facilities may be continued/ cancelled/reduced depending upon the conduct and utilisation of facilities. Further, others conditions, in detailed, are mentioned in the sanction letter issued by the ICICI Bank Limited.

b. CC limit has first charge by way of hypothecation of the company''s entire stock of raw materials, semifinished/work -in-progress and finished goods, and such other movables including book-debts, consumables stores and spares, bills whether documentary or clean, outstanding monies, receivables, both present and future of all the locations of the company, in a form and manner satisfactory Lo Lhe bank.

C. Further, the leans have been guaranteed by the by personal guarantee of Shri Kishore Bhuradia, Shri Pranay Parwal, Anil Jain Director & principal shareholder of the company and Smt. Nirmala Parwal, Smt. Nirmala Bhuradia & Rekha Jain relative of key managerial person.

d- The Company mortgaged properties belonging to Shri Kishore Bhuradia, Shri Anil Jain Directors and Smt. Nirmala Parwal, Smt. Nirmala Bhuradia, Smt. Rekha Jain relative of key managerial person as collateral security.

Terms & conditions of Overdraft (FD Backed) Facility from YES Bank Limited

a. The facility shall be used for working capital requirement of the borrower and bearing the floating rate of interest @ 0.35% over and above Fixed Deposit rate.

b. The facility shall be secured by 110% of Fixed Deposits in the name of the Borrower under the bank lien. You shall furnish cash collateral equivalent to 110% of the amount of facility to be utilized from time to time. You shall, upon demand by the bank, furnish additional amounts of cash collateral furnished and the notional amount of the letter of credit due to exchange rate fluctuation as on the date of demand. Further, failure to provide additional cash collateral would constitute an event of default and bank shall have the right to terminate the outstanding transactions and not enter into any further transactions. Further, the tennure period of facility is 12 months or maturity of FDR whichever is earlier subject to annual review. Further, others conditions, in detailed, are mentioned in the facility letter issued by the YES Bank Limited-

NOTE 2. Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act,2006:

''Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006: The Company does not have information as to which of its supplier are Micro Small and Medium Enterprise registered under The Micro Small and Medium Enterprise Development Act 2006.Consequently the liability, if any, of interest which would be payable under The Micro Small and Medium Enterprise Development Act 2006, cannot be ascertained. However, the Company has not received any claims in respect of such interest and as such, no provision has been made in the books of accounts.

Note 3. Segment information : - Company operates in only one segment i.e. providing services to various telecom companies.

Note 4. As per Section 135 of the Companies Act, 2013, a company meeting the applicability threshold of CSR needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. The areas for CSR activities are eradication for hunger and malnutrition, promoting education, art and culture, healthcare, destitute care and rehabilitation, environment sustainability, disaster relief and rural development projects etc. as per schedule VII of the Companies Act, 2013.

Amount spent during the year Rs. NIL, as applicability of provisions arised on 31/03/2018.

Note 5. Previous year''s figures have been regrouped /reclassified wherever necessary to correspond with the current year''s classification /disclosure.