RAMINFO LIMITED 1 i‘ Aakanksha, 3rd Floor, RAMI N F0 8—2—293/82/Jlll/564A-22/1, Ideote - Collaborate - Deliver Road N0292, lubilee Hills, Hyderabad 500033. Ph :+91 40 23541894 www.raminfo.com CIN : L72200TCi994PLCO'I 7598 E-mail : [email protected][email protected]Date: 7‘11 September, 2019 To The Department of Corporate Affairs, M/s. Bombay Stock Exchange Limited, 25th Floor, Phiroz Jeejeebhoy Towers, DaIaI Street, Mumbai 400 001 Dear Sir/ Madam, Submission of Annual Report in pursuance of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Reg, .................................................................................................................... In terms of the provisions of the Regulation 34 of the SEBl (listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, please find attached herewith a copy of Annual Report for the Financial Year 2018-19 along with notice calling 25th Annual General Meeting. Kindly acknowledge the receipt of the same. Thanking you, Yours truly, For RAMINFO LIMITED Kaushal Agrawal (Company Secretary & anc I fficer) ’i J a CMMi Level 3 Company
Transcript
RAMINFO LIMITED1i‘ Aakanksha, 3rd Floor,
RAMINF0 8—2—293/82/Jlll/564A-22/1,
Ideote - Collaborate - Deliver Road N0292, lubilee Hills,
Submission of Annual Report in pursuance of Regulation 34 of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations, 2015 - Reg,....................................................................................................................
In terms of the provisions of the Regulation 34 of the SEBl (listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended from time to time, please find attached herewith a copy
of Annual Report for the Financial Year 2018-19 along with notice calling 25th Annual General Meeting.Kindly acknowledge the receipt of the same.
Thanking you,
Yours truly,
For RAMINFO LIMITED
Kaushal Agrawal
(Company Secretary & anc I fficer)
’iJ
a CMMi Level 3 Company
RAMINFO LIMITED
A CMMi Level 3 Company
25th ANNUAL REPORT
2018 - 2019
A rds and Recognition
Raminfo wins Digital India Award 2019
Raminfo has received award in the category 'Best Mobile App' for Mobile Meeseva
Application at Digital India Awards. The Award was presented by Hon'ble Shri. Ravi
Shanker Prasad, Union Minister, Electronic & IT.
Express lT Award 2018
The Digital Gram Pratinidhi (DGP) Mobile Application, designed and developed
by Raminfo has won the "Express |T Award 2018" under Mobility Solutions
category among 490 entries. The award was presented by Honble Shri Ravi
Shankar Prasad, Union Minister of Law and Justice and Electronics and
Information Technology.
Meeseva receives mBiIIionth Chairman's
Distinction Award 2018
Mee Seva App developed by Raminfo awarded with ‘mBillionth Chairman's Distinction
Award 2018’ in the category of Government & Citizen Engagement for its 140 multiple
department services in single app, 1 Million Downloads, using by all over Andhra
Pradesh citizens and achieving maximum user satisfaction.
CSl-Nihilent eGovernence Awards 2017-18
Raminfo awarded with Appreciation under projects category for SSY—SingleUmbrella for Unorganized Workers by Labour Commissionerate, Labour
Department, Government of West Bengal
Best Use of Mobile for Social and
Economic Development Award 2019
The Digital Gram Pratinidhi (DGP) application developed by Raminfo received award
for 'Best Use of Mobile for Social and Economic Development' in the category DigitalSocial and Economic Empowerment Awards at the 9th India DigitalAwards.
Raminfo Recognized Among 1000 High Growth
Companies in Asia-Pacific — Financial Times.
5
a
RA I F‘
IdleNDlo ANNUAL REPORT 2018—19
From the MD’s Desk
“The company has pillared its strategy on the three cornerstones of ‘ldeate, Collaborate and Deliver’. This
mantra is not a simple business agenda aimed at maximizing value for the company’s stakeholders, but a
cultural ethos focused on ensuring greater delight for its customers."
It gives me great pleasure to share with you an update on the overall performanceof your Company during FY 2018-19. The year has been marked by steady
growth and positive order book expansion.
The Revenue for the FY 2018-19 stood at Rs. 32.89 Crores compared to previous
year at Rs. 26.12 Crores with year on year sales growth improved by 20.5%,
signifying expanding scale and size of Company‘s business operations owingto the digital transformation capabilities and quality service deliverance.
In the present evolving industry backdrop, with digital disruptions becoming more
critical to the transformation of the overall customer experience, our foresight in
investing to build digital skill set is a vital driver of our growth philosophy.
The company has pillared its strategy on the three cornerstones of ‘ldeate,Collaborate and Deliver’.We believe in IDEATING to bring innovation in our solutions, which can COLLABORATIVELY
built with our partners, to DELIVER breakthrough answers for our clients’ business needs. This mantra is not a
simple business agenda aimed at maximizing value for the company’s stakeholders, but a cultural ethos focused
on ensuring greater delight for its customers.
With its focus on equipping its people to meet customer expectations, the Company has put in place a robust
platform for building the competence, capabilities and technical expertise of its employees. Comprehensive hiringand ongoing deployment processes are the critical ingredients to attract and retain talent. To imbibe its employeeswith a greater sense of accountability and ownership, Raminfo has in place a robust system of performance indicators
to measure and promote success.
Going forward, I am confident that Raminfo’s strategic approach will drive even greater success for the company,
and unlock higher value for all the stakeholders. With the commitment of our leadership team, and the dedicated
efforts of our employees, I see the road ahead packed with new possibilities and bigger opportunities for our
collective growth.
Regards,
L. Srinath Reddy
filRAMINFOldeme ‘ Collaburqie - Defivm
RAMINFCf“Idea’re - Colloboro’re ' Deliver
VESEQN
T0 be a @3000 {Erma vaiued
enterprise by 2023
EViESfiQN
{Dreaming ammméc vaiue
far 3” stakehoiders by deiivering
superior soiutions threughcantinuous Efinflvatign
and CQEEaeratim
RAMINFO‘“Ideme Collabamle- Deliver
Board of Directors:
Mr. L. S'
aih RaddyMr.‘ .a Anil Kumar Ami)allJeni
Mr. P 8. Raman
lI rI.‘I", V. Vine-(1' KIIrnar
Ms Anamelu Akl‘Iila
Mre. Suniie Chendharyh r. P. Venkaieswara Rae
Ms. Shreya MangaiMr. Kenshel Agrawel
Committees of the Board:
1. Audit Committee:
Ms. Anamolu Akhila
Mr. V. V. Vined Kumar
Mrs Suniia C heudhar'l
2. Stakeholders Relationship Committee
Mr. V.\/‘
.VInod Kpmar
h r. L, Srinth ReddyMr. ‘v’enketa Anil Kurnar Ambati
3. Nomination & Remuneration Committee:
Mrs. Suniia ChendharyMs. Anamolu Akhila
Mr. V. V. Vined Kumar
CORPORATE INFORMATION
Managing Direcicr
'II'I’hoie-lime Direclcr
Nan—Executive Directer. Peiaire wei. September 30, 2019
Notice is hereby given that the Twenty Fifth Annuai Genera! Me ting of the Members of RAMENFQ LIMlTEE) wiii he heid on Mortdaydhe
Sfl‘hbay of September, 2019 at 04.00 PM at Hotel Daspatta, Road No.37, Jubilee Hills, Hyderabad 51213033 to transact the followingbusiness:
ORDINARY BUSENESS:
1.
2.
V
To receI‘I/e. consider and adopt 1he Audited i- i..anCIa Statements for the Financiai‘rear ended on 315‘ IVIarCh, 2.019 toge1her with the
ixe _,ts of Directors. Auditors and suc.. ot..e Fixeports an. :xed t..ereon
To appoint a director in place of Mr. Van eta An i1 Ku...ar Amoa tI (DlN: u55354551whe retires by rotation and being eligibiepffershimseif for re-appointmeht.
SPECEAL BUSINESS:
3. increase the Borrowing Limits of the Company:To consider and If thought fit, to pass t..e foiiewing resolution as a Special Resolution
“RESOLVEO THAT pursuant to Section 180(1) (c) and arty other appiic die provisions of the Companies Act. 2 13 and the ruies
made there-under (inciLIdihg any statutory I'nodifi.r tiortts') or reenactment thereof for the time being in force) the consent of the
Comdany be and i hereby accorded to the anrd of Directors to borrow money in excess otthe aggregate ofthe paid up shareoapitarand reserves ofthe CI pany, providedt .the total amount borrowed and outstanding at ..y point 01'time, apart‘Irom temporaryioans obtained/to be obtained from the Company’s Bank» or others in the ordinary course of business. shalt not be in excess of Rs.
1- n Crores {Rupees Hundred Crores oniy) over and move the a99re9ate of the paid up share capitai and tree reserves of the
4. Creation of Charge on the Assets of the Company:To Consider and :1 though‘ fits to pass the toiiowing Iesqu1io.. as a Special Resoru1ion:
”RESGLVED THAT pursuarII to Section 180(1) (a) a.d any oth r appiicable provisions of the Companies Act 2013 and the ruies
made there- under IInCIudiI.g any statutory modificatio..(s) or re-enactment thereof for thetIme being 1.. force) the consent of the
Companyoe and is hereby accorded to the Board to mort9age and I’or create charge to the extent of Borrowing iimits otthe Board of
Directors, or ali or an ofthe movabie or Immovahte properties both present and future or the whole or sun rI1iaiiyt1Ie whole of the
un- 'taKIngs of the Company to or In tavour of my Financial lnstitutions, Banks, NBFCS or any other Agencie:lenders to secure the
term teens and ,I' or other . ancial assistance that has aiready teen granted or may in future be granted by the... to the Company from
time to time."
By Order of the board
for Raminfo Limited
(Sd/-)
Place: Hyderabad L. Srinath Raddy
Bate: 07.09.2019 Managing {Director
DEN: 03255638
NOTES
1 A M9rnber' 211111 d1o attend and vote aithe m9etihgs entitied to appoint a proxvto :fiend and v019 ahaI
9011 instead of himseit’ and such proxy need 191 be a rrI9rrIbea
2 Proxy forms in orde r1obe ahertive must'.6 depcsitted at tha regi 819 red office 011119 Company natatass than 46 hoursbefore the heating.
3 Ther~‘hare TII'r‘a.rs’1 RegI steI andthIa RegI steI cI111ernber° Vfthepompahy wit re am 51359edtrorn 22-09-20191s 30-09-20191bI31h daysihc‘usiva91101 I119
purpose or AGM
1: Mrs VentureCaIpitaiahd Corrpare1a investrrIeII1s Pvt CI‘IOD is he Register and 1rar‘IsfarragerI1I’RTA of1he 0171;361’1‘.A‘1aommurII ai hsirIIasDBL101 sharetarsfrr rIdVhangeIhIhe adore so I me ommunicatedt1I3 iah9m.
5 The Company‘s iSENto tsequit'shares is INE357B01022.
13 Tha Expiahatcry Statement pursuant o SactIoII‘I 0? ofthe CohpaI .I as Act, 2013 is annexed heewit h in reiatio the NoticV.
.7 trimmers/Proxies are 'equestedto brihgtheirccpies 011 h9 hhua Repurt'othelwif I1d1he Ait hdanc9si pd‘
tie i 0 I93 otAhhua1 Reportwiii hot 139 provided at the AG.’1.
8 Membersh mcIreIthan onetsiio ar9 requests910 write to 1h= Company 5 RegI $1ar and irahsteI Age ar.ciosi1g Iheirshara
certiiiaatastc In one11n
9 Mamber’‘ ‘ '
'. rn.
1H),.‘
.
"I'
,1 'I'dShare Transier Agents (FETA) for any changein theiraa‘dress aIId‘ahk mandates;member s hath9s
10 As part a o‘
:ytorrnare be 9 seht'In eiectronic mode 10 ermbars Ivhose9-rrIaI1 'i‘
are registeredIII/I1 -
.. r es""r a hard copy Gfthe sam9 For members Whoha»e
4
RAMINFO‘“Ideate Colleburote- Detiver
not registered their ernaii address physioand ma IIeI of e-I'otIIng aiong IMt‘
‘
of.he AnIIIIaI Repor tandINotice oftiIe AIInuai GeneIaI Meeting ofrhe Company inter aria indicating the process
I1 AtteIIdarice t In any"
Proxy ForIn is being senI III a,ermitted mode.
II 36b1I”KIofthe SEBI Listing OII‘ I
'
"
.,
'I
'
‘I
oI‘Is,2015 and E‘I‘oreter" .
.-a popointment at the Annuai C-I ‘2“ .,
I
. 'e. The DIr'ectoIs have iIIrnisi Ied tI‘IeequisitedI..eoiaraIior
I appoiII 11e13toI1'~Ieappointment.
Process and manner thr members opting tor e-voting are as usde.'
eCompanyIs oIIering evoting r’aoIiI' ;‘ ‘
DeposiIory SerI Ies ('
(MarIagenIenIand AdIm
__i .'Ihe
Companyhas signed an agreement with iI’i/s Centrai
.II
'
to Ftuie 20 of CompaniesIiorI‘IWRIIies 21/"14 and Reg at:
*
'I.
’
er:a
(i) "'he 6-votingoerisd be 'hs on 27th September, 2019 at 9.00 AM and ends on 29th September, 2019 at 5. 00 PM. During thisperiod she rehoide
,ornpa y, oiIdIng sh .5 .eth rxhysicai‘em or inderIIafe 'ed form as ontIe out- otf date cI 24‘“September, 2019, may oa5ttneir vote eieof III. III I,.
The e-chIng uie shaI oe di5abied by CDSL tor voting therea
(ii) The sharehniders shouid iog “In to the e-voting websate 'II/va'.e1III3tihgi3dia.com during the voting period
Iiiii Ciiok on ““haIenoide's “tab
Iv) New, seiect the ‘RAMINFO LMITED' tr m the drop down. menu and ciick on “SUBMIT"
v) Now Enter your User it)
a. For CDSL: i6 digits beneficiary ED,
For NSDL: 8 C .I,.eI DP inoiiowed by 8 Digits Ciienr iDI
C. Memb .s hoiding shares in Physicai Form shouid enter Foiio Number registered with the Company.
3T
(vi) Next enteI the image Verification as dispiayed arid Ciick on. Login.
(viii it you are hoidi haIes in demat for mandate Ioggeo‘ on to wwwevotingindiaoorn and voted on an eariier voting of any company, your existingIpess‘ ui'd isto .
(viii) if yo arreati5tt1~1c 11591 foiiowfhe 5te,ossoI191IIbe icw:
For Members holding shares in Demat Form and Physical Form
PAN Enter youI i0 digit aioha-nurneric *PAN issued by income Tax Dept. IApp”Icab‘ e for both. demat shaIehoidersa“s weii as physiea‘
shareI‘Ioidersi
. M robe sw‘oo have ootupdatea “1eI1 PANwIt‘I‘
me and the 8 digits ot the., suenoe I
“he"eompa3111mm tor'y ParticipanI are requested to use the first two ietters of
'in the PAN
0 i see the sequence nurn'oeI is eise than 8 ‘igits enIer the a e number of . her after the first two
DOB Enterthe Date ofBEItn asIce’ordedInyurdcrnatwwuntomntne company Ieoordstcr the said crnatarwunorfoiioiIdd/rI‘Im/yyyyformat.
Dividehd Ehter the Dividend Bank Detaiis as recorded in your demat account or in the company records forfheesa:d o'enat aocou3t or foiio.
Bank Detaii5 0 Piease enter the DOB or D'I" '"nd Bah Data“ order toIooin. ift e detaii5 recorded with the deposit or your company.
piease enterthe member Io'r ‘: I3mber in the Dividend Bank detI3i fieid as menti din instrtiotioniv).
Iix) After entering these detaiis appropriateiy, ciick on “SUBMIT “tab.
Ix) Members hoiding shares in physicai form wiii then directiy reach the Company seiection screen. However, members hoiding shares in demat form wiii now
reach ‘Password Creation‘ menu where in the year required to mandatoriiy entertheir iogin password in the new password fieid. Kindiy note that this passwordis to be aiso used by the demat hoiders for voting for resoiutions of any otherCompany, on which they are eiigibie to vote, provided that company opts for e-
voting through CDSL piatform. It is strongiy recommended not to share your password with any other person and take utmost care to keep your passwordconfidentiai.
For Members hoiding shares in physicai form, the detaiis can be used oniy for e-voting on the resoiutions contained in this Notice.
Ciick on the EVSN for the reievant <RAM|NFOL|MITED> on which you choose to vote.
On the voting page, you wiii see “RESOLUTION DESCRIPTION“ and against the same the option ‘YES/NO“ for voting. Seiect the option YES or NO as
desired. The option YES impiies that you assent to the Resoiution and option NO impiies that you dissent to the Resoiution.
(xiv)- Ciick on the “RESOLUTIONS FILE LINK“ if you wish to view the entire Resoiution detaiis.
/
,xv) After seiecting the resoiution you have decided to vote on, ciick on “SUBMIT“. A confirmation box wiii be dispiayed. If you wish to confirm your vote, ciick on
“OK“, eise to change your vote, ciick on “CANCEL“ and accordingiy modify your vote.
(xvi) Once you “CONFIRM“ your vote on the resoiution, you wiii not be aiiowed to modify your vote.
(xvii) You can aiso take a print of the votes cast by ciicking on “Ciick here to print“ option on the Voting page.
vaiii) If Demat account hoider has forgotten the iogin password then Enter the User ID and the image verification code and ciick on Forgot Password 81 enter the
detaiis as prompted by the system.
RAMINFOIdeote . Collaborate - De‘ive(
(XIX)- Note for Institutionai Sharehoiders:- Institutionai sharehoiders (i.e. otherthan Individuais, HUF, NRI etc.) are required to iog on to https://www.evotingindia.co.in and registerthemseives as
Corporates.- A scanned copy of the Registration Form bearing the stamp and sign of the entity shouid be e maiied to hoI‘z‘pdeiI' e'IoIInGQII'II‘IInLIacom.
- After receiving the iogin detaiis, a compiiance user shouid be created using the admin iogin and password. The Compiiance user wouid be abie to iinkthe
account(s) for which they wish to vote on.
- The iist of accounts shouid be maiied to [email protected] and on approvai of the accounts they wouid be abie to casttheirvote.
A scanned copy ofthe Board Resoiution and Power of Attorney (POA) which they have issued in favour ofthe Custodian, if any, shouid be upioaded in
PDF format in the system for the scrutinizer to verify the same.
(xx) In case you have any queries or issues regarding e-voting, you may refer the Frequentiy Asked Questions (“FAQs”) and e-voting manuai avaiiabie at
www.evotingindia.co.in under heip section orwrite an emaii to [email protected].
15. a) The C0mpanv Isorevidin'gtaciiiIIy torvoting by eiectrhiecmoans and the business maybe Ir nsactod through such voting.
b} That the .tII tor voring. eIthert inIL‘l'Igh eIeL‘troIIio voring s,II"eIII oI baIIiot PapeI einaIIi aso be matte aII aiiabie "t the meeting and Inme Is attending the
meeting who hIIe notaiready castttheirvote byremto e--votirI..g sI3aii be abiete exerctIhesetr rIg.taItI3Ie meeting.
That the IrIeIrIberSI.‘IIhonave castrineir voteby remote e-II'otirIc,I prIor totI‘IeIrIeeting may aiso atterItt tI‘IeIreIeitng bi.Itshaii not be eI‘Ititied to cast tiIeiI voIe
7I.
16. .IrIoIetIIatthe sr arehoio‘ers can
opt:niyone Inoo'e
"otvoringieJinoIIare opringtore-voti gthe do nowvote by myvsicaiiyi LI
ndvIceIIorsa. However inC'seS ng eheIIroIchethInquIprevaiiaateo’ as invaiin.
aIId‘IOIIingI one phvsicaI iywiii
t7. Iard of Directors has appointed Mrs. N. Vanitha, Practicing Company Secretary as ScrutinizerIo pIccessIthe ewing and submit a report to the ChairI I II
18. uppany Se cretarv arI.dCompiianoe Officer oithe Company INIii addIess at the grievances in reiatien tI3 ii Is annuai generai meeting inciuding e-voting. The
t9. The Scriitinize. firerthe. conciusion otvctIIIg at the AGI‘I’I. wiii first count the vtes cast at the meeting aIIdtn‘
reatter unbioc” the votes castIhIooguIh r no te e-
. t'\I’OIJT‘. 'nthe pI HasthIIIointIIesses notin the enIpiI.oymentoItheCompany and.haiI‘I mak6 Nate than Forty::ight hours ofthecooIiIc usionL
a consoIittated ScIutiIIIzers repoItottI‘IeIot ivote.. castiI‘It.avour or agaInet it any Io the "haiIII‘IaII oI to apeIsoII e...Itno rizett by the Chairman In with
Ic3untersi n the same and deoiare tI3e resuioftne vetIng two
20 The . ere may downiorao‘a copy of tIIe notit.e of thi
Keeping in view the Compan'I's existing and tuture fInennIai re uuirements tI3 suppo .te business operations the Compah' IneeedsadditIenai ands. For thi3 purpo3e, the
Company is
desirousof IsIng II rice from vaneus Ba Ks d/or Financiai iIIetItI. one and/or any other ieI‘Io'irIg irIintuIioI‘Is and/or BodiesooI‘ .raIe a’nd/or such or her
pe rs rI.:I/iI uais as may be considered tIt. which. togetheI INIi'It.he moneys aire dyb rrewed by the ComparI. (apart from temperary ioan3 obta...edrre the CompanysbankersIn oIdInary course oI bueiIIess) rna' exceed the aggregate otIrIe paid-up oapitai and the Iree Ieserves otthe Company Hence it ieproposed to increase tIIe maximum
bonowing iImIts upto Rs. 100 Creies {Rupee 3 On.8 Hundred Creres eniy) oveI and above the Company3ppaIdI3paIsaIi ta and tree Ieserves.
PIIrsuanI to Section tE’IOI‘IiiL)otthe ComIanIes ALI 2IIII3 the Board of Directorscannot borrow
moIetianthe ‘orer at amount 0. paidup La itai oft he IIpanI andIts.
t . .
tre" reseIIIIes at any one Iime eynept With the n“Insenr otIhe Inern bers o I, Im
in crder I .g made by the Com any itwouid' undeItaking ofI.he Company Section
tBCIi’I‘Ia‘Io Cont antes At. 2013 pro d to he )0we» to ah the wnoie ottIIe undertakinr otthe (Io ean'II / P‘ ' .
. . I
subI ecttcthe appI‘Wai of memeersmihe Geneeari iII’IeetirIr.g.
The BoaId recomme nde IrIeeIrI'pe rs approvai on the said reso
>3r1e or’ Hardwa re and Scttwarepla Iorms. Your company's top priority is to capturenoelogyIIcelatedervices oIIa'orIad rang
inthe realm o. Intormatio n IecnnOlog
Pradesh. FIaIarI an, West
tousheri n an era 01" e-
taIes ofTelaIn Iana Andlnrs
rn Ier1tsa..dC1..entra lt/Iini
T‘I1e COmpaI.11 mainly engaged In
Bengal and Littar F'Iadesh Overtn.e‘m;)13{5
men? andmaintenance I31 egovernance and citizen centric prOIIects iIn. 1‘I1e s
otiniIiati es IIave been Undertakm byvvenous9tate CIOI
Government". Sustained erII3InISnave been Inadey :t multipl e levels .0 improveIthe deIiv eyr of publ'c. services and simprifv tne process O. acc sang inern.
During the year under review the ComparI.y in CO. :IITI withe en awanIded Telemadieine Project WI r1 elecI tuinever round Rs. 400 Creres tor we I to
the ntate otAntirIra Pradesh proving to be $19.. ne Ior Ine .» ehealth cre segment. T,lemedici1e1Is an upcoming tieIdIn health science ari no out at .he
I3tivetu310n o. Intnr I ( ie‘bc12ng 3 Io tIIe onaIeIln gee of Inealtncare d livery to rural
ano Iemote areas‘ r
WithoIII'oispIIceamen1101 th 3 Isioian or
tne equi pmer1..
Ern>3I'
nId enablingteclnnochiesIIike InternethiTnings (IoIII. 7n;
Irevenue. .I’II‘rIIeI. forcesIIe cloud computi rig and anaytics are tehkey
rable contribution to augment. Company’s
T‘I1e DigitaIGuram Pratinidlni (DGP‘I application, designed and developed311 ne Coornpa I1y enables pro-,; like Ivleeseva and
lack OiconIinuousooIIner-tIvininnIuralareas and 2:. Izens women, "gedand dIII‘er'enI . cI access Citizen services and save travelltImeO' nr'pea service cenIers. TneUOmpaInv has r...I:de represent“:tIOnI3 v t.101 Andha PIadesh
nIOllouI. In
Tin.“ Contpen~
.. ~. er )1 e '. .I City and SCI/13p rolects. primarily in the state OI Andira Pradesh and Telangana and plans to bat,I
Company s core bankinu solutions continue to have a constarItcnntriburion in its incer719 generation IIIIIh'Its longstanding and established clients of the sectore lon g witr
Companys e- commerce applic ions, touII .I
'
I1 Telangana and III1nhI'a Prade sIn are other grdwtn drive rs.
Your company is well posit ned in
the.markets as it. .' ed cusIomer onse and strategic plans ir pla
managernent and to orab future opnort
'11051.’3. (C) a. .03 m g1: B \‘D a
Export Market:
he CO pan) nas'e‘e r
toraying Into n>31II' mark
sectcr.
1n rovidi 11g varion.,r"
‘onsultancy services is abroad ouston‘
ets. Du :
sto
Iancial year 2018-19, expLIrts have oonsw‘e aoneo:1
RAMINFOIdeme 1 Collaborate - Deliver
Future outlook:
Nev Techno Id ,cIscIiai media and data anaiytics are oftehng hew growth avehIIes I'cIr chompahies. The busIrI.ess ope1
01Company be ciou d. virtuaIizatth.. l"I'IDIann, arIIIiciaI inII IigerIIce. machineIearnIng and more. aioIIgwit I1 q.1aiItydieiver:
air!In c IIsomers,
lvtereover..1.3 a part 01 LII icIn Budget 20m9 NIT! Aayog pIaI1s to set “pa I a1i1011ai Ievei preg1amme 1.11at WIII enable ettorts In Artificsai InteIIIgehce (AI) and win help In
leveraging Al Iechndiogy for deveidpm.e1n werksin the country.
Transfer to Reserves:
he amounI to be carried ior‘IIIIerd to the Isaiahc‘
Sheet, forthe period under review is Rs 191.25 Lakhs.
Quality:Tne Compahy has sIstaIned its commitmeh1 1d the highI1:sst evei3 et quaIiI
rit'eI ractIces. The stahdar'dsce managemeht ahd robustir‘IforrnaIi13n s y.
s set mpihyees as necessary.
ec
Q Is provided to upgrade and'lI'lTp’DVP. In11. skiiI
Change in the Nature of Business:
During the period under review there wasnI o .Iar‘ge In the nature I business of the Compahy.
Dividend:
The Board at D1rectdr5 d13 not recommend d1vIdehd forthe year as at 319M rcn. 20‘19, ih oIderI.Iotow back the proI'ItsirIIto busIness tor expansion and augment the tihanciai
position of the Company.
Transfer of Unclaimed Dividend to Investor Education and Protection Fund:
The previsior‘Is oi Section 125(2) efthe Companies Act, 2013 do not appiy as the Company has not decrared and paid dividend.
Fixed Deposits:Your I
JompanyIhe not1
ouItestriding as the d. e
ccepted any tIxed depcIsI1ts rem pubiIcIIaIIi ng with in th= meanin1 et Sectim 73 at the Crmrahies Act 2013 anda35'Ich ho prirIIciaIp 13r'
Ihet rest was
dt the Balance sheet.
Material Changes and Commitments:
There are no materiai changes and commitmentsacffe tihg he I1na1
Direcro“ s Report.
'
n otthe Companytrem t11etinandai year e11ded EI’I‘IMerch., 2Ui9ttotthedate of signing of the
Share Capital:The Authorised Share Capitai etIhe. Company is Rs. 15.00.00.000Ii- (Rupees Fifteen Cr‘ores Orrivl divided inIo 1.50.00.000 Equiy Shares oI Rs.1.121/ each.
I held on 6“ Mach 20"“issued -
33I300 Equity0.1 hares end
.(. . "':..d Disciesure Requirements)
Durihgt1eyeer under review he Board of Directors vide members‘aapp revel '.
367000 ConIertiIII.:e EquiIty Warr II'I on pIetererItiai be.
Aprii. 2019, the convertibIe equiI)Iwarrants we re erIiotted on receipt of
ConseauenIIII the P
inIo 67.1364II tqurIiI,
Apart from the above. statededIIhere. are he changesIn the cashaI str 'cture of the Company.
36 420/» (Rupees SixI Cr0I11.s SeIIenIy C'he LaiIiIs Th ty Si xThousand euI Hundred Oniy)div1dedt
"'
'ted and get aeprov'I Ior t1 edirrgI Imth the eh"r:tIrom.3rlvd aI'2"19D: a:U m r: 5:
Statement for Utilization of proceeds of Preferential Issue:
The 11bl11CIs for“reerenIiaI issue was1.Io Imnbi ii211Iund : or working cap
business act , thesaid Iunds wereI zed to use for whic
Itai requI renIents
raised.
upeoming prIOIects andaaisetc we working capIIai requirer.Ients I’oItI.e exis1.ing
Directors and Key Managerial Personnel:
1’our Bea rd ce hsists I’ six Dir'ecIorr i cludihg Three ihdepehdent Nah—Exeoutive Directors. The de cIara1ioI1tre I1 ai the independent Diract1rs is received at the time at
Durihg the yeaI 11'Inede'rIeview there is no changeIh the Director's a11d Key lV1anag1:ri aI PersohneI however after th= date of the end of the tInathai year iCIiC‘IIIIIngchaI.ges
happened:I. Mr. V. V. Vinod Kun‘. ar indep hdeht DirecIor otIhe CorrrpanIIIvh"setrrI1Niii be 0Ier we. I ton ensuing AGM and he exprcIssed his inabiiity fer his.Ieappointment2.. Mr. PIS PIarnan director with Iet e '1 at the e I g AGI‘IIi anddoes not wis nIo be re
3 Mr. V. IiiKurIIerAmbatieeIn Iiiabe tore eeyromona1theensuir‘IgAnnoaItxeneI 'beirnge1ig1biequI‘es hin‘IseitIorre-appointment. His
Pr'otiIeIsappen1edteII1'\i13tice.4. Mar‘gIaiI‘se iGhed as
ih cempiiance WIth the I'eduiremehts of SectioIh 233 at the CompanIes Act, 2313, IoI iow1I.9 are tne KevI’ianagehai Personnei at the Company as on 315‘ March. 20‘19:
1. Mr. L. SrInath F’Ieddy - II/iahagirw Director
2. Mr. Venkata Ahii KumarAmbati - Wheie Time Director
3. Mr. F. VerIrI eswar'a Ftao - h.i"eI FinanoiaI Officer
DuringIhe yearur‘.erd review. the Board I31 Dirac crs mete.iigh (Bitimes andthe dates at the Board ivteetings are 28...1'52&014.08.2018. 29 08. 201‘.
25.0‘I.2O 19, 14.02.2019 and”9 .03. 2 is. he detaIlsIt the Meetings ot Board are covered in the Corporate GnveInaIce Report.
5.: m C}. 5: (2: to o m c: (c
The Company has complied with a plicable Secretarial Standards for Bear and General meetings.
Board Meetings held and attended:
Name of the Director Category No. of Board meetings in 2018-19
Held Attended
Mr. L. Srianin Red:Iy Managing Directter 8 3
Mr V. An ilKurnarAmbati Whole -timeIDirer
8'1
lvlrI”SR .man 8 7
Mr. V. \I’ino 'Kumer ‘v’alipii'eddy 8 .7
Mrs SIIrIitaqutiOdhary 8
M3. .IInamo luA'.‘nnIle 8 7
Declaration of Independent Directors:
in accordance with sub section t7,- et SecttII:In '41 9 or t"heoompaniesAo t, 2013, ii . ndependent Directors on your BoardI“I:I Ire given a Decl nthatthey meet the crite .
Iideperiderice as providedIn Sub section (8,1 th‘Iecti on 149o1tt‘e Act. There has een no chance in terms and conditions at ap, intmem 01 independent Directors, the Policyeleti ngLtotheir appoint eIItcan be accesseedth roughweblink as http://www. rerIIinto. t. ’1./d01"I".103d5119IIT1$__.CoriditiorejmAppointmentDependent__Directcr.pdl
Board Evaluation:
IIe Boer‘
e01 Directors has carried out an Annual Evaluation oi its own performance and has devi3ed a Policy On Evaluation oi pertcrmaa.nce oi Bo ard
and indwidual Diiectcrs pursuant to the pro ons oithe Act, the Coorperate Governance requtrements and as pre3c11bedbyRegII1aiiIon2 cItSL-Bi
Discl re Requiremenis; Regula Ions, 2015.
The Extract of the Po 11y on EvelIuation oi Pe ridrmanrcent the Board its CcIrrni ittees and individual Direoctrs is available on the website of the Company, the web link tor http//www ram/rift). com/0’0wn/oads/po/I'cy, oniboara’, e valuation.pdf
tDreLtnrs 'CorrIrI‘Iitte e3
3 an
Evaluation by Independent Directors:-
ln a separate meeting oti lepertderit directors he d on 9J. y, 20‘“ . pericrmertce of ridepeIIdent directors, pertorrcithe Chet In was evaluated. taiun into accoenithe vie.Js oi Executive directors andn n°XB"ii\/edII1EC?DI’S The
at which the pert r‘i“ nce ott .. Commt tees and ind .ua1 directors was also discussed.
whole antndpertorrIIance
Iamevvasdv'
.~
'
Iboardmeeiino thettol owed.
The pertorma I“Ice
loitheBoard as a whole was evaluated by the independeniIDIrector‘ after seekingInput5 Irom ar11 thedi rectors on the
'
s otthe criteria suchIaSIthe B
compositions cuet re, ettectiveness otherd nrocesses 11th rtrrIaion endt'enctic . (4, etc.
Thee
lndeperideo' ItDire
en redness .trIe
aspestcsItnIs roole.
rm ance dttle iIdividual director3 on the basis of the crit" ia such asthe contribuildhrIdttlno individual director.to the Board lik,
niIIgtu I ‘rId coIIsstructive contribution and'irIputsIn meetings, etc. in addition,the CheiI an was alscevalueteedcnthe ke~r3 '1on; rn
Evaluation by Board (Other than Independent Directors):-ln ego rdance With. egulatton17(101otSEBlListiIng Regula .
CompaI.‘y' Pertermanoe evaluation of tndepende..tDirectors was don-. by the entire Board e
Criteria for Performance Evaluation:
a. Ahi 1"I otthe IaIIeIdates t" devotesI..Ittici.er it'ti me and aItentiorIto" his professional ohigatidns as indepe ndent Dir'ecto rtcr intormed andI:alanced decision melting.
b. A."I erencetottIIe Code ciCcInductin lettere.dIi nspiritbytne 1.:dependent Diree: 013.
o. '19.‘tiIit'I and independence otviIewwet the
Board‘sdisousisIonsiri reelat ion Io the Company‘s strategypericrrrrarice, and risk management
d. .Ir.rleiance andsn3ering high standar'sd otf' vernance
e. lityt‘ward3rrequirements undertne Companies .. tthe BeardsrIdAcccuritability wide the Directcr". Fie.spcn3
AlliI.niependentDirectc ’rieIItetiorI progran. The.rarIIiliari7 ieasble on itswehsitewww.‘
taI iliarizatioII programme tor the independent Directors was IIcld1 its sepeIaate mes.nd.
tiori Polio of the Comps
Remuneration Ratio of the DirectorsIKey Managerial Personnell Employees:Statement showin disclosures pertaInino tc remune ratiIn and other details as required under Section i97i12iottne (in
(Appointment an emuneratiori of Managerial Perscanel) Rulec 20:4 is enclosed herewitha... Annexure—Ato t Report.
COMMITTEES OF BOARD:
1. Auditthrnnittee:
The Commitie .s empowered wit e role andIpower5 as prescribed under.
Ccmn.itte., also acts| terms at reterenoe and directions ottrIe Board from 1:
atldn ‘I’d ot SEBI tLODR) Regulations, 20
e to time.
nd Section' otthe CompaI.iesAct, £013.The
’10
RAMINFOIdeate . Collaborate - Deiiver
99mp9si1ion o11he Audit CIVIIIImI11ee wssv counstit'edt 9n appoinhttent of Ms. AI'Ian'I9iu Akhi1a as DiIect91 (Categon' independent) as III'IdeI'
Name of the Director Category Designation No. of meetings held No. of Meetings attended
[:- IIihg 1heeye,a1 mee1.IIJso t.e..udtCommIt eewe1ehe 1910112110 ."O‘IB 4..(18’i..18 1I1..11?V1EI and 1I> “2'11? The necessaIy quonIInwaspees nta1aiithe meetings3
hundI>39 andtwentv days.
2. StakeheideIs’ Reiatinnsitip Committee:
The BbaId in its 111..e ting heid on 1411'. Feb III15..Iy, 2019 re90115ittuIed the onnpositioh :11 the Stake hoideIs' Reiationship Committee, in iine with the aIIIeIIded SE51 {1 isting
Obhgatiens and Disc191esueRequiIeInen1‘1Fte L11 1191152915 as LIIIdeI:
Name of the Director Category Designation No. of Meetings attended
During the FinInencia1‘1'ea1 2018 151,4 Inee1iII s'FIeistniItship Commit ee weIe he1d.
S, nation and RemuneIaticIn Committee
.. npoI'e 1edwith the Ioie sho'poweIs as pIesoIibedundeIReeguenioII19 013311110081Reguia.ions,2015 's amended tI9III time101IIne, oeonon
Companies Act,.0 3 and in the NIVIIIIina1i9n 8. Ren.u ne1=ti9 n P9iicy o. the C9ntpshyy. T he CcInIItihee eisos1is1nteIIIIs o1II'teIence sho' dIIeotions 0tt1e Boa Ider
time.
Name of the Director Category Designation
SI111.SUI‘Ii1aCnoudh" ihdepehdenIDiIeotb ChairpeII n
a. In the piepaIathn 01 An.".1121 Accounts the appiicabie accounting standaIdI‘ had been toiinwed ainng withn.
b The Direo1nIs1Iad seieo1ed such 6.9..9uh1ihg phhcies them can ssiten11y and made jungneIIts andes1iI
a tIuea I"VtaIII/iew 9111'.e state at att 01’the Company a and ottthe financiai yeaI and 0? the are'tit and 103
9. The DiIect9Is had taken bIopeIand suit”IcieI'Mare 101the.
IIaIIntenahce 0! adequate accounting IecoIdsIn aVc ctt’or safeguarding.e assets 9fthe Company and 101 preventing and deteectin 3119011 and 91ne1 iiiEgUIe ..s.
d. 1e DiIectors had pIepsIIeo' the anIIus1socoIIIIts 9na g. 1.9 I.9noeII1 basis.
6. The Diretc013 had iaid down inteInai financiai conIoisto oiinwed by Ihe Company and that such inteInai tinanciai conttIois aIe ad>.q1.Iato and we opeIatingeiteotivi1y; an"
t. The DiIeIztots had devised pIopeI systems to ensu1>3 compiian ce with the pi‘evisions 9 9.11 appiicabie iaws and that such systems aIe adequate and op>31atIII.g>311e91ive1y
Statutory Auditors:
M/s Es .NaIFiaiT 8. Co ChaIteIed AccountanIs HydeIabadIIRWIist Iation No. 00615755) were apointed as the Statuton AuditnIs ottne Company, in the 2319' Annuai Ge.".eiai
ivteet'IIng who sha1eih i1 Vitice 1111 the conc‘ on of 28”.“.1111 (JeneIa1 Meetin
The BoaIdnonthmst tt‘a.IeI Audit Repmtdoees not contain any qu5.11119ati0ns 91 Iese1vatioIIs made by the Audiths and hence no expiaiItioaon theIeto'Is quuIIIed b'Ithe BoeI.'
Secretarial Audit.
11.“ 1—913.09 &As°091..t° F‘Iacticin C
Se. on 294 91Ihe Comb nies Act, 20‘.
Ieport.
The SeaIetaIIai Audit Repon does not contain an
o t-eiIIInanciaiYeaIEOI 819 aSquUIIeedun
2018-19 is anI exedIIe1ewi1h as Annexure—B19the B9'Ids(on 8 E51
.
(E m 5_.
and is seit~expianaton.quaiiticaticns1resenatIrIanI adveise mm 11;
Internal
AuditThe CbIneany Mis"m. Ft 8. Associates, CitaIteIed Accountants as its internai Aurt'
, -014. Their scope 0tWCII'k Inr'udes IeI/Iew of
nd assessIng 1h>3 InteInai 90111191 stIengths In VI
. In ac901dance wi II Section1‘8 :11 tnI'C
CompaniesA91
. ing the assets I31 the"woman}; 1eIiew o"
2013and RIIie130
ei encyefieotiIeness3;.
.
ge in accnIdanoe with a Viicabie'1)!1153dUIV’IOmUHEdWiIh“ame.d.edI1Vm tinIeII eIIents) P .ons, 20
‘Ihe 1equirements of con 9e
hgwith nthei appi.
’i'i
RAMINFOIdeme . Collaborate - Deiiver
Corporate Governance:
GGed governance facilitates GtV II
relationship WiIh st. keholderfis GGrIIVnitmerIttG vaI use en
position pertormance, ownership and governaI‘IGV‘ (It the
V‘tand eitGGnt‘I'
. . ia' enel ervalue GIVGrtIV‘.G ionnnrterm. ltis a Veilmm of III'GV
'Gn
same sGi rit, timely and 5ch e disGiGSIIVe of inVIIer
VIeCGVnIpany’s corporate governance gVGVide IVI
The Company has adopted a Code GI Conduct for its 3. ’tIrthGr and he Executive Directors. The said Code at Conduct is available on
in azIGorG‘aIIGe w.n. Regulation 22 of SEBiI .ons and DisGINIG'G're RequiremeIfor G‘iIthGrs and employees to report conGeIVIV sahout eI hiGaI behaIVIGr. Ne perser‘. ha
beV.InaG‘e GIVGIIG'an (III tlIG weGVsite GitI e CompanyatthG ILIII GwihV‘
Iinki. e www raniihfo
Tne \GInGanyV3 vigiI nIechaIIisInG n.3ures Gnd proviG es adunatha GI :Grd against vichizatim tG ..Il th availtIIeP3sy3teIVn.
Sexual Harassment Policy:The Company has onranled with previsioIIVIVIs 3IaIing to tne constiIution G inIGrnaI complienIs committee UhG‘e
ronibitiGn3ndredrGs3aI,I‘Act, 2013
the se VVGVai harassment of woman at III/(Irkpiaceipreventioh,
During the fin annGiaI yGar GIIGd d315‘MarGh.2GVl.9 tIIe Inpany has not received anyGCGIVn Giaints pertaining to Sexual HarassmeIIt.
RiskManagement:e. ‘IenI. is an eIVIteIVpV ries I 'Ge iunctien that aims at assessing tIVIreats 1G busin .
i"'
V
'
. V
..
V ‘LIVe3 and senior
with industInyGrieI G‘edV
eIop fraIIieWLDIVks a In InethodoIogie'
st system iGrthG
ation and mitigatIGn of VIchived in the business’tcItine CoIJ
Cemmi tee oversees Company’s process and GGIIGI
Maror risks identItied bV tn
II: in Ihe area (It iIrIanGiaIIV
’nr determining rislIIoIe/ance anI review managements IIIeasureIVnent and comparison Gt ever isktoierance
nesses and functions are systematicany aGdIessed threugm7IIti sting Gtiens on a Inehtinuihg ha .The’f.'G'ditCCII7‘.rnittee
CnnwsIn
,3GIGteI to the Management DISLIGIss ion anG Analysis rep‘ whicn IGrrn part ettthG
Adequacy of Internal Financial Controls with reference to the Financial Statements:
The details in VInspect oi internai IiIVIanciaI GontVGi and tneir adequacy are included in. that.”anagement DiSGussiGn & Analysis, whiGh forms :IImtoI tI‘IISVe,GoIt.
aIG placed on theCompaIIv s websne Ion/Intramintencm.
e Company and eithe subsidiary, iI‘Iquding the oGnsoIidated tin .
Performance and Financial Position of the Subsidiary:Pursuant 10 Rue G of the Companies (AG‘coIIIIts‘I Ftule3, 2014, resort on he nerternanoe and tinancial positiGGn ottnesub3idia1ylnGILIdeG in ue consolidated financial
statement. In prescribed Form:IOC‘IIis apGendeG‘ a3 Annexure- D to thG Reepc rt
DuIInn.II G financial yearundar review all transac c o.Ipiianoe wiihthe prrGI/IsiGns dissectien 188 01Compa..iGs AGI.and the
details have. beendisclosedIn the FinanciaI Statements as reouiVeG" by the app.
'
ndarG‘s ioVIII AUG -2,(Man hing the noes on the aor
enclosed here s Annexure-D.
Subsidiaries:
As on 315 M rGh, 2019,1he Company has one suG.
read with Rule 5 Gt .Grnpa .Gs {Accounts} R1Il3.
appGnde as Annexure-D to IIis AnI‘IuaI Report.
1
diary i. e. We Rami. Io Digitech Private Limited. PuVsVV'nt to the preview ns 01 Sectio
2014, a separate staIGn‘IGnI oorItaihing the salient features of the financial sIateInerI
Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo:The narticul aVs as prescri'nedunder
Section I341 I‘,I117I‘, :21 in“ Go 7Ipar1Ies AGI 2 ‘II read with the Conpanies (ACCGVGnI,sI RVGVIes 21I14 with respect to.G rIsGrIIVatioh of EnergyTGGIInGogy A‘GVSGrption. 'Outgo aIVVI, pIpIGI/ided in Annexure- E te this Report
Corporate Social
eResponsibility(CSR):
I-cr theIIinaV‘ aIV2VG‘V l8 l9. tIIeIGrevisidIs oi Section 135 ofthG Comp an iGssAGt 20iG1relating to GoapcIraVG Gcial Re3pnnsibility are not appIiGabIe to Company.
Extract of Annual Return:
in ac.G-(IIVG'aI‘Ioe wi h Seotion 134(3I1a‘; of the CLII
Companies AGI 2013 read with .' we 12 of Comp.
G format in FnIIVII MCT-9 as peIIIieAnnnexure —F.
es Art, 2313..an Gxtract oi tnG annual return in the
prescribes IInIagemenIardIIanIIis tration) RuIes,2G14,is anI. a3
12
RAMINFOIdeme . Collaburqie - Deiiver
Particulars of Employees:
FOJtheyeaJundOJ review. no empiOyOe O
oithe CompaJJies Aci 2 mead with Ru‘
I‘OJnuJIOJatiO JI dJawn during the yOaJ disc-i8.c
COmprJhywa ”JGJ’ J3OOin oi P. 3 5 Lakhs pOJ mOhiJJOJ :1
'
iofthe ’Tompahies (nppeintmeniand ROmI.heJatiOh Oi iIJz
i ‘JJJI iJ‘Je Jink “him.J’J’www iamiiiff}. COJJIJ'iJ‘JvOsiOJO JItm
UJsuaJJtioSOJzim 197(12)‘10 Ompi oyeesin iOJms Of
General:
Your "JJeotOJs staie hat no discioquO oJ JeprJJt iJIg is JOOuiJOd iJ‘J JespOci OiiJIO foiiowing items as JJIOJO were no tJaJ‘JO . during the yOaJ IIJIO'OJ Jeview:
i issue oi equity shaaJO3 with d‘iieJOJItia‘ Jighi: iedividOhd. v'OtJhg OJ cJth Jwise.
2‘ issue.O.iOhaJOs {inciuding SWOJ equity shaJ.Os) to OJJIpJ oyees of the Company uJItiOJ any scheme,
3'
itJ
NO 3ighificaniOJ m aieriai OJdOJs WOJe ceased bythe. Ogu.
9.
atOJ :» OJ COL.Jts OJ' 'i'JibI.nai:» which impac., iJJO gOiJJ OJJO=Jh status and COJTJOOJIys opJ3JaiJOJI3'III iutOJe
i,” i4. osi iion OitJJO Cu0 many have OOOIJJJOO‘ 'OOIJJ OOJihe and of JJO finaJIOiai yeaJ and date of JOpOJi.
5,,Jview.
6, (i)Is not appiJOabie i0 the Jompahy
ACKNOWLEDGEMENTS:
‘I’OOJ DJJOctOJi» pace on JOOOJ'd iJJOiJ siJIOeJO.
(SO'JJ -) (3di-iDate . L.Srinath Reddy V. Anil KumarAmbati
Piace : HydeJabad Managing Director Whole-time Director
DIN: 03255638 DIN: 065354
13
RAMINFOIdeate . Collaborate - DetiveI
ANNEXUREINDEX
Annexure Content
A SIaIen‘.enInowing discioswes pertainingI to temUflEIaIIDfl oI KM.
B eSSIJ'eta'i'I laudiI. RepoI'I FDInI. No. MRS
C I‘IiaIIagerrIeIiI Discu3sicn and IIIIaIIII Recan
D Pa/Iic IaI's of c0ntI'acIs I ReIatec' paI‘I Foon No. ADC-2
D Sa: tent Fe: SDI IIIIaIIciaI s'ztemenI oftne subr iaIy III FoIIII .I‘IOCI
PaIIic Is IeIaIiI‘. g Io Conservation of EneIgy. TechnoIc gIIIAbsoIption, Foreign Exchange EaInings and Ongo
G EKI I:ICI0II‘IIIIIua IRIIIu III. »- F0II I MET-9
ANNEXURE-A
Details pertaining to Remuneration
[As per Section 797(72) of the CompaniesAct, 2073 read with Rule 5(7) of the Companies (Appointment anaI Remuneration ofManagerial Personnel) Rules 2074]
hope Iceniage"
aanIiIech CIII" IaIOI eIa {300 many SecreIaIy duiingtlo.etinanciaI 96I2018-' “Ianoottnei’ In
DiIeCIoI to:he medianeIe I. .ponees of:I19. Company InIt'Ie tL‘IISII yPI 2018-.9 and IIie comparison OI IeInuneIaIInn nIea'In Key IIIIanag.
3. III. P. VenkateswaIa Ran CIIieII'IIIHQCaiOtIIceI 11.44 —- 5.95
4. Ms. ShIe"vya MangaI Company SecIeIaIy 3.9.9 —- 2.27
a. In the tinanoiaI IIeaI. IIeIe was noIinCIease in the mmlian Remuneration of emptoyees.
b. There new 48 penrianenI em'oIovees on th" IoIIs of COIII,,aIIva. on.31" I’Ia'cn, 20'
'IaIvinc IsaiesoI SIIIIi0'
c
c. :IIe a‘IeIage peI tageIncIeaz‘.a aIeadymadeiI
staff who aIe give creases once In two IIeaIs. )IICIease in saI_
d. The IeInuIieIatio Iiofrnanagenai peIsoI‘.I'neIIS Ievisec‘ on ein two yeaIs .lioT.eIeweIe no exceptioi :Ia ciIcuInsIances IOIIncIease ntIIe manageIiaI IenIIIneIaIion.
:Ieby'
iImed InaIIIIe IEIIIIneIaIi0 paidis as peI the Han.IIneIaIioII PIII :I th DiIectoIs, KevManagenaI FesoIIneI and oil".eI tmpioyees.
U
r
<0 PI <0 .:IIf:
I4
RAMINFOIdeote . Collaborate - Detiver
ANNEXURE - B
Form No. MR—3
SECRETARIAL AUDIT REPORT
[Pursuant to section 204(7) of the Companies Act, 2073 and Rule .9 of the Companies (Appointment ano’ Remuneration ofManagerial Personnel) Rules, 2074]
Tnc Members,RaI. i . .W'
iiydera‘oad
We have I30
reterred to
e I3omp'.
'0I1ctti1eCompany 3 'pIok. Int.13 books. torm3 and return3 tied and I311 .
eciserd maintained by the Com"
ftice's ageI ts and csenatives dL ‘Secreta pcIrtthat.‘
err 01' .3120I9 compied11' hthestatIui yprevisiensiist “1711aIdaicethatheCoompar‘.yhas propet'coardciIanisIns in piec to the ex.t,ent in the manner an.d subjectto the reporting h‘Iaden .
Based one
pIIo‘Iichd by?heduIIngpIocegs no’ Gonpiianc
We have e‘ramined the boo' papers, minute books, terms and raturI3 ii ied and CIthe records maintained by the Company according to he provisions I31:
1; 1he Companie3AI3 21'131’theI‘II‘Iirepiicabie SecIioIIs as on date) and thenuI es madetIeIreunder:
A“I.
II
1’
(iii The. Seouriti CtCts I'Reo uia1io ACt, 1956 t‘SCFiA"V. and the ru: es In adeethereunoer';I J /
(iii‘- The Beware-1251996 and the Re oIIIiations and bveIaws IIarrIedIhereunder;I I .
(iv) Fo reigh Excr1ar1geIManage tent Act 1999 and the Ruies and Freon ation3 made theereIIIder;
111‘; Th t it'
eguiatio ns andGuideiin,5 pre 'bed uIItier he Securities and Exchange Boerctoindie .ACI'., 1 92 (‘SEBi Act).-
{ai‘
ties and Exchange Bea d of ind” ubstantiai F1031.is11er 01' Shares an I"'
".-
I’b‘I' ‘
1 Regu1 I.
tCVi aIId Discio_. c Requto) rIties ano‘
"
d PartIrIpar‘ts) Heguia.(e) ano.Em1a 11‘(.apIItai and [-i3cicsure Reqoi .
(Iii) P wing Reguiannnc and Guideiines prescribed under the Securities and E ..
C I Einanciai"Iea (ta
(a) T EXCIIange Bean 0 a(|s3ucI aId LIs ouiaticIIIs 008;
(b) T ExI3h.ange Bears (De‘I sting of I15, 2009; and
(C) T ExcIange Boa o‘
Buyback01 Sec»
ons, 1998;
id) T dEX'Ih.ange Board o1irtti s)Fteg"iatiOI1S,2014
(I) Seer ‘ariai?2tahdIard3 88-1 5. Z. a ePIECEardo.1DiIector,s CxeneIai ivieetIngs andD'de nd3, respectiy’iy.13sueo by The
institute o10orhpany$ecre1aries ‘ii1d1e '1 . . . I111 ,r o1(331011911)rateAt1airs
We report tiaIt, duri n theeperiod IIrvter review, the Company has d'Iiy compiied wi hithe provisions 01 in" Companies ACt, 2013 .Iecuiations o1 SEBI andn. Iner acts, as
specified above, a i’ to the'1m.ostry ot1he Company.
\i’e for her repor1rha1the. Board ot Directors of the Company :
Director3. DI.ring the period under re‘liew, the ioii owinq changesa duiy oons1ituted wi h a proper haiance o1 Exe1utIve Directors, Non-Execmive Directors and independent
1' '
I-
''
- -
S.No. Name of the Director Appointment] Cessation] Reappointment Our Comments
1 Mr. Srinath Redoy Lingadenne Reappointment Reappointcd rs a Manaeinn 'rectcr
5 given to aiI directorstto scheduie the Board meetings. Agenda anti detaiied notes on age no‘a were ed and a s'rstein exists tors .eking ti.rther,
I
. cations n“ the agenda iternshetore ne meeting and tor meaningtIii participation atthen1ee1ing.
IIe p rsI“ cIcutions werei Iitiated and no tInes r pinci'ir‘s weIe impo3e3Ierrihe Year. " .deI‘ tIIe Companies! tSEBi Act. ‘CFiA 01 cItI.cIr SEBI
IpanyerIitso‘irecthrs aIno etticer
Iere areadto'ate system ands processes in 1he Companyo"nInmenSIIIate wi1h thesize and ope rations o1.he. Cor.pany, to monir.or ar1d ensure
ru eis, reguiatiohca Idguideiihes.
:1
For P.S. Rao & Associates
Company Secretaries
Place: Hyderabad D. S. Rao
Date: 29.05.2019 Company SecretaryACS No.: 12394
C P No.: 14487
Note: ‘T'hi3 report is to be I‘ead with out ietter I31 even d1e which:s anne'eesdas‘Annexure A’ and torm3 an integrai paI't etthi3 report.
’15
RAMINFOIdeme 1 Collaborate - De‘iver
H yuerabad
‘Annexure A’
Our report 11161 endate is to be read ateng with this ietter.
1‘Iia1nre11a11ce of Secretar i131 Recerds is the responsibiiity ofthe management 1:11.119uompany0111 res 1301131bi1 ity is 1:1 e‘Iprese an Opinion on these secretariat recorrr‘
based 011 0111 audit.
2. cpropaate to 631111,
ie as urance aboutthe cerrectne
firestfaLts arer 1 11 records We betiev
S. We have not verified the correctness and apprcpriateness e? the Financiai Records and Books of Accounts of the Campany.
4. 11’Vhe'e11Ie.1 reo1ired, we have obtained Management representation. abcut the compiianee 01’ iaws‘ 1:; es and reguia ions and happening or’ events, etc.
511?provision
s ’tC01pmate and other appiicabie iaws. 11111—35, 199' 1 et1 1s the resgon 1ity otthe management. Our exan‘.
.1.1catie11o.,ereedures 01 Wt has
13. The Secretanai Aud1t er:rto 1s neither an assurance as to the future 1I1abi ity at the Company r101 of the efficacy oerettctiveness with which the management has
con11161911 the affairs 0 t1.eCorr1pa11y.
:or Rs. Rao & Associates
Company Secretaries
Place: Hyderabad D. S. Rao
Date: 29.05.2019 Company SecretaryNo.: 12394
C P No.: 14487
16
RAMINFOIdeme . Colleburo‘re - Detive.
ANNEXURE - C
MANAGEMENT DISCUSSION ANDANALYSIS:
dustry Structure andDevelopment.131119 13311199 3'91101119 tie .1101391039 the 11911.}. 11399011913911.9391“
8-1.9 indie 1T 31193 CO 93 have :.91up 01191 1 000 931331 3911'I91y ce11 13e
211191119 11113111993111
OT)1191311319 1.11 11‘.eL1.SD 185- 190 .
1".
'.31
811 99'..In111e9 391093 1 9 1.31111.
1911319351312. . 91131131911993991 in he 91.19919 1993‘31T§ iTeSin9'31.‘I31 Iy 1139 1131119911.L1SD1EE'7
11311991 hei neuehvmrveawd 19 1.1311126 1119111191119119390131y931,w911 domestic 1v991199111191 adv3119911131151) 1111111911
199901.19. 91 I991 3. The 3119.11.91191key19911gn0L991e3391939 see-.313 spurred by 1he [19131 India I1111131Ive‘ 90911199151 11099. 193133 Gross 0911193111; P1011931 (GT) 1.
’17
Listed below are some of key risks, anticipated impact on the Company and the mitigation strategy.
Technology Risks / There’s a significant disruption driven by technology. The Company operates in various technology Business model changes Traditional technologies are being replaced by new age ones platforms and has developed competencies in
at an unprecedent pace and in this context, it becomes various technologies, platforms and operatingimportant for the Company to continuously review and environments. The Company invests eavily on theupgrade its technology, resources and processes to mitigate continuous training for resources. It also encouragestechnical obsolescence. innovation in servicedelivery / solution offerings.
The Company has also added leadership strengthwith new heads inducted having relevant experience.
Industry Risk The Company caters to sectors like banking, tourism, The Company has developed a firm grip on variousHealthcare apart from core IT services. Any sectoral sectors and is familiar with the business cycles anddownturn will slow-down or affect business performance performance. This helps to reduce dependency on
any one area or sector. The revenue concentrationis fairly balanced. The Company also offers buildingdifferentiated solutions / offering within the verticalsub-segments.
Breach of data Data Privacy and protection of personal data is an area of A Privacy Policy is in place covering all areas ofprivacy and protection increasing concern. operations with continued focus on employee related
agreements for confidentiality.• Data protection controls and robust risk responsemechanisms are in place to cater to protectionof sensitive data and client-managed networks.
• Mandatory training and workshops on Data Privacy.Awareness campaigns are held to foster a culture ofawareness and responsibility among its employees
Regulatory and The Company has to comply with complex and changing The Company has well defined regulatory complianceCompliance Risk laws and regulations across multiple jurisdictions such as framework to track regulatory compliances. The
employee related, taxation, legal governance, health framework is designed to protect the Company’s ethicalsafety, data privacy etc. The fast pace of change in the standardsregulatory environment also brings operational challenges.Failure to comply could result in penalties and reputationaldamage.
Talent Unavailability Lag in deployment of resources for earning revenue, The Company has put in place processes and toolsnon-availability of relevant skill / skilled staff for constant monitoring of the resource as well as
resource on the project getting released for quickdeployment.There is standard process to forecast the resourcerequirements based on RFPs/ pipelines followed bymonitored recruitment plans.
Credit Risk Large number of revenue transactions are on credit. Default The Company has effective receivable managementor inability of the client to pay on time will impact the system. It focuses review of unbilled revenue to checkprofitability. long pending item to bill.
Industry after industry are realizing the power of digital technologies and their businesses are increasingly embedded in technology. In addition, data, analytics, intelligentautomation all leading to adopting consumption driven ‘as-a-service’ business models, agile way of working, greater cognitive quotient in their day-to-day operations.
With Company’s steady growth and positive order book expansion as a result of established client relations and regaining stakeholder trust, the future seems promising, havingbagged sizeable and long terms projects. Forecasting strong growth and opportunities in loT and Engineering Services and Cloud Infrastructure, the Company is preparing andcontinuously upgrading its skill set in order to grab prospective projects.
The Company has a proper and adequate system of internal controls to ensure that all assets are safeguarded and protected against loss from unauthorized use or dispositionand that transactions are authorized, recorded and reported correctly. The Company’s internal control systems are further supplemented internal audit and periodic review byManagement. The Company has clearly laid down policies, guidelines and procedures which form part of its internal control system.
The Audit Committee of the Company consists of independent directors who possess expert knowledge and vast experience in the field of their area of operations. Theyperiodically review accounting records and various statements prepared by the Accounts Department. They advise the senior management of the Company for any precautionarysteps to be taken as required from time to time. During the year, the Audit Committee reviewed the internal control mechanisms of the Company and initiated necessary follow-up actions thereon.
The Company has maintained cordial relations with its employees across all levels of the organization during the period under review. Human resource continues to be corestrength and always endeavors to work towards having sound and progressive HR strategies so as to align the Company’s objectives with employee aspiration. The key HRobjective is to ensure that our employees are aware of the role they are expected to play in the organization to be able to drive organizational momentum. Going ahead, theCompany will continue to invest in its people to strengthen its delivery model.
As on 31st March, 2019, the manpower strength of the Company was 48 members which comprises professionals from diverse backgrounds like engineering, finance, taxation,secretarial, legal, management, business, supervisors, operators and other employees.
E-governance 1371.08 1206.89
IoT/ Engineering Services 668.04 686.12
Data Analytics 394.24 447.83
Associated Retail 285.26 98.38
Tourism 76.35 24.72
Fintech 42.88 63.26
Exports 451.89 85.48
As stated in the above table, e-governance projects of the Company in the states of Telangana, Andhra Pradesh, Uttar Pradesh, Rajasthan and West Bengal for developmentand maintenance of citizenship services contribute as the primary revenue areas. Fast capturing technologies like Internet of Things (IoT), data analytics are showing anupward trend in contributing to the Company‘s revenue.
The exports have considerably added to the Company‘s revenue converse to the previous year. Company’s projects e-commerce services, Andhra Pradesh and Telanganatourism projects, provision of core banking solutions, supplying, installations and maintenance of hardware products being other revenue supplements.
Debtors Turnover 1.45 1.67Interest Coverage Ratio 3.48 5.04Current ratio 1.44 1.30Debt Equity ratio 1.57 2.13Operating profit ratio 8.22% 7.70%Net profit margin 5.66% 4.51%Return on equity 11.97% 11.29%
Some of the statements contained in this report related to objectives, outlook and expectations may be ‘forward looking statements’ within the meaning of applicable laws andregulations. Actual results may differ from those expressed or implied. Factors that could make significant difference to the company’s operations include economic developments,government regulations, patent and tax laws and related factors.
The Company assumes no responsibility to publicly amend, modify, or revise any forward looking statements, on the basis of any subsequent developments, information orevents.
(Pursuant to Rule 8 of Companies (Accounts) Rules, 2014)
1 Name of the subsidiary
2 Reporting period for the subsidiary concerned, if different from the holding company’sreporting period 01.04.2018 – 31.03.2019
3 Reporting currency and Exchange rate as on the last date of the relevant Financial yearin the case of foreign subsidiaries. INR
4 Share capital 1,00,000/-5 Reserves & surplus -1,53,977/-6 Total Assets 2,69,531/-7 Total Liabilities 2,69,531/-8 Investments —9 Turnover 5,00,000/-10 Profit before taxation 44,739/-11 Provision for taxation 11,185/-12 Profit after taxation 33,554/-13 Proposed Dividend NIL14 % of shareholding 99.99%15 Date of becoming subsidiary 24.03.2017
Form for Disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in subsection (1) of section 188 of theCompanies Act, 2013 including certain arm’s length transaction under third provision thereto.
There were no contracts or arrangements or transactions entered into during the year ended 31st March, 2018, which were not at arm’s length basis.
The details of material contracts or arrangements or transactions at arm’s length basis are as follows:
Raminfo Digitech Pvt. Ltd Wholly Owned 1 Year Unsecured Loan for 12.29 Subsidiary working capital
regarding for 1 year
For and on behalf of the board ofRAMINFO LIMITED
(Sd/-) (Sd/-) L.Srinath Reddy V. Anil Kumar Ambati
Managing Director Whole-time DirectorDIN: 03255638 DIN: 06535455
a. The steps taken or impact on conservation of energy Your Company, being a service provider, requires minimalb. The steps taken by the company for utilizing alternate sources of energy energy consumption and every endeavor is made to ensurec. The capital investment on energy conservation equipments optimal use of energy, avoid wastages and conserve energy
as far as possible.
a. The efforts made towards technology absorptionb. The benefits derived like product improvement, cost reduction, product
development or import substitutionc. In case of imported technology (imported during the last three years Since the Company is not engaged in any manufacturing,
reckoned from the beginning of the financial year):- the details of the information in connection with technology absorptiontechnology imported the year of import;- whether the technology been is Nilfully absorbed- if not fully absorbed, areas where absorption hasnot taken place, and the reasons thereof
d. The expenditure incurred on Research and Development Nil
(Sd/-) (Sd/-) L.Srinath Reddy V. Anil Kumar Ambati
Managing Director Whole-time DirectorDIN: 03255638 DIN: 06535455
Extract of Annual Return as on the financial year ended on 31stMarch, 2019[Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules, 2014]
i
ii Registration Date
iii Name of the Company
iv Category / Sub-Category of the Company Public Limited Company/Limited by shares
v. Address of the Registered office and contact details Aakanksha, 3rdFloor,8-2-293/82/JIII/564A-22/1, Road No.92,Jubilee Hills, Hyderabad - 500033 (TG)Tel: 91 040 23541894; Fax: 91 040 2355824;email: [email protected]
vi Whether listed company Yes / No Yes
vii Name, Address and Contact details of M/s. Venture Capital And CorporateInvestments Private Limited,Registrar and transfer agent if any 12-10-167, Bharat Nagar, Hyderabad, 500018,
S. No Shareholder ’s Name Shareholding at the beginning of the year Shareholding at the end of the year
No. of Shares % of total Shares % of Shares No. of Shares % of total Shares % of Shares % change Inof the company Pledged/ of the company Pledged/ shareholding
encumbered encumbered duringto total shares to total shares the year
S.No Name of the Shareholder Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of No. of shares % of total shares ofthe company the company
1 RRAS TECHNOLOGIES PRIVATE LIMITED*At the beginning of the year 2098258 33.41(There were no change during the year)At the end of the year 2098258 31.25
2 ARUNA RANI ELIMINETIAt the beginning of the year 89226 1.42 89226 1.42Acquisition as on 01.11.2018 12750 0.20 101976 1.62Allotment as on 29.03.2018 233000 3.47 334976 4.99At the end of the year 334976 4.99
*The change in the percentage of shareholding is due to the dilution effect.
S.No Name Of the Shareholder Shareholding at the beginning of the year Shareholding at the end of the Year
No. of shares % of total shares of No. of shares % of total shares ofthe company the company
1 COINGEN TECH SOLUTIONS PRIVATE LIMITEDAt the beginning of the year 545774 8.69At the end of the year 545774 8.13
2 NITIN BHASKAR KHAPREAt the beginning of the year 250000 3.98At the end of the year 250000 3.72
3 DEEPTHI GARIKAPATIAt the beginning of the year 250000 3.98At the end of the year 250000 3.72
4 AMBATI SANJEEVA REDDYAt the beginning of the year 150000 2.39At the end of the year 150000 2.23
5 AMBATI HARINIAt the beginning of the year 150000 2.39At the end of the year 150000 2.23
6 V JAGAN MOHAN REDDYAt the beginning of the year --- ---At the end of the year 150000 2.23
7 MADHUSUDHANA REDDY MOTATIAt the beginning of the year 130000 2.07At the end of the year 130000 1.94
8 SWARUPA MAt the beginning of the year 130000 2.07At the end of the year 130000 1.94
9 CMS COMPUTERS LIMITEDAt the beginning of the year 100000 1.59At the end of the year 100000 1.49
10 KRISHNA JYOTHI CAt the beginning of the year 169036 2.69 169036 2.69Sale as on 13.04.2018 (5100) (0.08) 163936 2.61Sale as on 20.04.2018 (3280) (0.05) 160656 2.55Sale as on 27.04.2018 (13850) (0.22) 146806 2.33Sale as on 11.05.2018 (32850) (0.52) 113956 1.81At the end of the year 113956 1.70
S.No Name of the director / Shareholding at the beginning Cumulative Shareholding duringkey managerial personnel (KMP) of the year the year
No. of shares % of total shares No. of shares % of total sharesof the company of the company
1 L. SRINATH REDDYAt the beginning of the year - -At the end of the year - -
2 Mr. P S RAMANAt the beginning of the year 50000 0.80 50000 0.80Sale as on 09.11.2018 (690) 0.01 49310 0.79Sale as on 23.11.2018 (310) 0.00 49000 0.79Sale as on 30.11.2018 (252) 0.00 48748 0.79Sale as on 07.12.2018 (550) 0.01 48198 0.78Sale as on 14.12.2018 (500) 0.01 47698 0.77Sale as on 08.02.2019 (500) 0.01 47198 0.76Sale as on 01.03.2019 (500) 0.01 46698 0.75Sale as on 08.03.2019 (1000) 0.02 45698 0.73Sale as on 15.03.2019 (222) 0.00 45476 0.73Sale as on 29.03.2019 (1000) 0.02 44476 0.71At the end of the year 44476 0.66
3 V. ANIL KUMAR AMBATIAt the beginning of the year - -At the end of the year - -
4 V V VINOD KUMARAt the beginning of the year - -At the end of the year - -
5 SUNITA CHOUDHARYAt the beginning of the year - -At the end of the year - -
6 AKHILA ANAMOLUAt the beginning of the year - -At the end of the year - -
7 SHREYA MANGALAt the beginning of the year - -At the end of the year - -
8 P. VENKATESWARA RAOAt the beginning of the year - -At the end of the year - -
*The change in the percentage of shareholding is due to the dilution effect.
The above details are given as on 31st March, 2019. The Company is listed and 85.19% shareholding is in dematerialized form. Hence, it is not feasible to track movement ofshares on daily basis. The aforesaid holdings by top ten shareholders are due to market operations.
i) Principal Amount 63.96 182.15 - 246.11ii) Interest due but not paid - - - -iii) Interest accrued but not due - - - -Total (i+ii+iii) 63.96 182.15 - 246.11
i) Principal Amount 76.85 351.35 - 428.20ii) Interest due but not paid - - - -iii) Interest accrued but not due - - - -Total (i+ii+iii) 76.85 351.35 - 428.20
(Rs. In Lacs)S.No Particulars of Remuneration Managing Director Whole-time Director #1 Gross salary
(a) Salary as per provisions contained inSection17(1) of the Income Tax. 1961. 36.00 12.00(b) Value of perquisites u/s 17(2)of the Income tax Act, 1961 14.40 12..00(c) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961 - -
We have examined the relevant registers, records, forms, returns and disclosures received from the Directors of RAMINFO LIMITED Limited having CIN L72200TG1994PLC017598and having registered office at Aakanksha, 3rd Floor, 8-2-293/82/JIII/564A-22/1, Road No. 92, Jubilee Hills, Hyderabad - 500033 (TG) (hereinafter referred to as ‘the Company’),produced before us by the Company for the purpose of issuing this Certificate, in accordance with Regulation 34(3) read with Schedule V Para-C Sub clause 10(i) of theSecurities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In our opinion and to the best of our information and according to the verifications (including Directors Identification Number (DIN) status at the portal www.mca.gov.in) asconsidered necessary and explanations furnished to us by the Company & its officers, We hereby certify that none of the Directors on the Board of the Company as stated belowfor the Financial Year ending on 31st March, 2019 have been debarred or disqualified from being appointed or continuing as Directors of companies by the Securities andExchange Board of India, Ministry of Corporate Affairs, or any such other Statutory Authority.
1. Mr. L. Srinath Reddy 03255638 14.08.20132. Mr. V. Anil Kumar Ambati 06535455 14.08.20133. Mr. P. Sivaramakrishnan Raman 00062695 20.05.19944. Mr. V. Venkata Vinod Kumar 03642809 10.02.20125. Smt. Sunita Choudhary 03572313 13.02.20166. Smt. Anamolu Akhila 08140852 28.05.2018
Ensuring the eligibility of for the appointment/ continuity of every Director on the Board is the responsibility of the management of the Company. Our responsibility is to expressan opinion on these based on our verification. This certificate is neither an assurance as to the future viability of the Company nor of the efficiency or effectiveness with whichthe management has conducted the affairs of the Company.
Sd/-Place: Hyderabad D.S.RAODate: 29.05.2019 Practicing Company Secretary
CP.No:14487
We have reviewed the financial statements read with the cash flow statement of M/s Raminfo Limited for the year ended 31st March, 2019 and that to the best of our knowledgeand belief, we state that;a. (i) These statements do not contain any materially untrue statement or omit any material factor contain statements that may be misleading.
(ii) These statements present true and fair view of the company’s affairs and are in compliance with current Accounting standards, applicable laws and regulations.b. There are to the best of my knowledge and belief, no transaction entered into by the company during the year which are fraudulent, illegal or in violation of the
company’s Code of Conduct.c. We accept responsibility for establishing and maintaining internal controls for financial reporting. We have evaluating the effectiveness of internal control systems of
the Company and have disclosed to the Auditors and Audit Committee deficiencies in the design or operation of internal control, if any, and steps taken or proposedto be taken for rectifying these deficiencies.
d. We have indicated to the Auditors and Audit Committee:i. Significant changes in accounting policies made during the year and that the same have been disclosed suitably in the notes to the financial statements andii. There are no instances of fraud involving the management or an employee.
Annexure — I: Declaration by the Managing Director
IhReddy,Managin’e
iaers and Senipr ManagemenI PeIsome i
‘0pmpiiahce wiIhL
3di-
d IL SRINATI-I REDDY)aha
O .9 MANAG 'DR
PRACTICING COMPANY SECRETARY’S CERTIFICATE ON CORPORATE GOVERNANCE
Tc,The Members
RAMINFO LIMITED
3rd Fioor. Aakanksna
822-293/82M I.5|i’ 641‘1/2‘
Road IGI .92. Jubiiea.
II‘I’IITEDI ihe‘Company’I cIIhe FiIIa nciai'Y'earendeIIIIII 315iII’IaIch. 2019, as stipuiatetiinthe
‘giiiaiions’I with the coneeIIIed StepI: ExchaILi.ges.
We have examined Ihe cpr1.yii..IIcepI CprOIaIe GovernancwebIRAMINFOL' ' '
..
Dic‘srnsure RequireneI ‘) Regs'aiIions, 20‘:5('I
Company is exempted frpIII the cpmpiiahr-e oIsaid Reguanon 27ro. SEBI Ii.OUR) RegI ..
,
SEISI Circuiai Ne. CIR/C 'DI/pDIIC I re:iI'II‘I’2D .4 dated 15,
Iem
IIIben,.20"1 as I. Lip Eq'Iity C ai and NetwrpII! asu.. SI 2
'
ItstheIc-under, I owe-vei', as apoii v IheCompany
,IihgwIIh pIcIIISIons cf Regu on 27 cfSEBIIL IsI ng O Iigaiions and D: .56"LisIIng Reguiz one”) fDI beIieIc"rpor.'1I.e goveInance.
Ie C mpI.aim-e eIcondiIiIon pi CorpOIaie"QOVEIIIance"‘
adopIed b, i.9 COI ,any pr ensuring eompiiaII
Is of Inc-I"up mpany.
”n: iinoIIIneIIlianageme ni.-Ourexa nation has been iirniiee“sic aIeview efIhe,’oracedwe ahdimpiernenIationmi in” mi.9 CDIpIJIaIe Govemahce if is heitheI
’
na'I‘iI nor an epreSsion of ppinipn on the fiha ioO
in oI opi..ioI. and In the. besI of our InIc man on and II: Ihe expianancnngiveh II: US and based on Ins Iepreseni.1I.ions I..'1de'py the. DiIecIOIs and Ins IIIanagemeane 09¢in has
chpiied wiIhIne‘ condiIions eI LorpcraieiGavernance as inpIIIaIediII Ihe above IneII iicInedLisIIng AgIeen‘Ien..
.Ia .Ic..ceIIIp1:19" Is neiii..I‘ an assurance as I01" IuIIIIe inaniiiIof Ihe efficieeIIc.aneIie IIVsIVIiIIIIInILnIne manage IIeI IIIIhe affairs chhe company.We IIJrII. er sIaIeI
.0011'9 I1h9 adequacy 31.0 opennmg 9110‘0.i1\'e1119.3 0111 9 C
110a110iaic1013 ove: Tihahc 1711 1000111111
91 With 1630001101110 011191 1701101510 09111010090 in 1heAudito1'3 13.00011. in ac 01J 0.11109 WI111 ‘he1equI1emehtsIJ1590101(161011h0A01.asam>31Ided:
i1". 0010;313:011 ahd1131110 095101001011011113110 13110' a0001dihgtr 1139 exrimaticns 11781110 05,11191>3mu..e:a1i131.pa:db::1h C0mpmy10 ‘5dI1ec1013du1ingthe951 is in 2.000111011091111 111113 0100131003 01.9..1i011197 011113 A01.
111 With 105090110 10.9 011191 11191101510 '000010101100 01:19 Audi101’3 890011111a0001dancewi11: 8100 1011109 001110011193 (Audi1and Audiiors) R0193, 2014x as
iii. Them has been 1:0 deiay in1.131031 91'1'1.0 a1:10L:1I‘s 1900:1011 10 ‘00 1131131911931. 10 1119 |1Ivest01Educa1i011 and P10190001: Fund by 11:0 Company.
OpinionIn 0u.' 001.100.1110 Company has. In 311 .'0113101131 r3speI315, an adequa13InIeInaI Iina..c1" se..111015 33:31:11. over 1: sus0 101310311Ina0sIai controls over
GI: Lam Cnandraeekhar Raddy .Sr'IIai‘II Reddy 'Ii. AI Il K r AI Ibati
Partner Managing Director Whole. ne Director
Membership NCI. 240580
SdI’- Sid/—
Place : Hyderabad Shreya iII’IarIgai P. Venkaleswara Rae
Daie : May an, 2019 Company Secretary Chief Financial Officer
3 7
Equity shares of INR 10/- each issued, subscribed and fully paid
6280640 62806 6280640 62806Issue of share capital 433000 4330 - -
32083 - 32083
Profit for the period 12822 - 12822
Other comprehensive income - (742) (742)
12822 (742) 12080
- - 44164Profit for the period 18174 - - 18174Securities Premium received during the year - 17320 - 17320Other comprehensive income - - 950 950
18174 - 950 19125
The accompanying notes are an integral part of the financial statements.
As per our Report of even date For and on behalf of the BoardFor Eswaraiah & Co.,Chartered AccountantsFirm Registration No. 006157SSd/- Sd/- Sd/-Gottam Chandrasekhar Reddy L. Srinath Reddy V. Anil Kumar AmbatiPartner Managing Director Whole-time DirectorMembership No. 240580
Sd/- Sd/-Place : Hyderabad Shreya Mangal P. Venkateswara RaoDate : May 6th, 2019 Company Secretary Chief Financial Officer
RAMINFO Limited (“The Company) was incorporated on 20-05-1994 and the CIN being L72200TG1194PLC017598. The company is engaged in the business ofSoftware development, Health services, Energy solutions, e-Governance projects etc.,
These financial statements are prepared in accordance with Indian Accounting Standards (Ind AS), under historical cost convention on the accrual basis except forcertain financial instruments which are measured at fair values, as per the Companies (Indian Accounting Standards) Rules, 2015 notified under section 133 ofCompanies Act, 2013, (the ‘Act’) and other relevant provisions of the Act.
Effective 1st April, 2017, the Company has adopted all the Indian Accounting Standards (referred to 'Ind AS') notified under Companies (Indian Accounting Standards)Rules, 2015 and the adoption was carried out in accordance with Ind AS 101, First-Time Adoption of Indian Accounting Standards, with 1st April, 2016 as the transitiondate. The transition was carried out from Indian Accounting Principles generally accepted in India as prescribed under Section 133 of the Act, read with Rule 7 of theCompanies (Accounts) Rules, 2014 (IGAAP), which was the previous GAAP.
The preparation of financial statements in conformity with Ind AS requires the Management to make estimates, judgments and assumptions. These estimates,judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosure of contingent assets andliabilities at the date of financial statements and reported amounts of revenues and expenses during the period. Accounting estimates could change from period toperiod. Actual results could differ from those estimates. Appropriate changes in estimates are made as the Management becomes aware of the changes in thecircumstances surrounding the estimates. Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, theireffects are disclosed in the notes to accounts.
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be measured reliably.a) Income from Services:
Revenues are recognized immediately when the services are provided. The company collects the taxes on behalf of the government and therefore, these arenot economic benefits flowing to the company. Hence they are excluded from revenue.
b) Sale of Goods:Revenue from sale of goods is recognised when the goods are delivered and titles have passed, at which time all the following are satisfied:i) The company has transferred all significant risks and rewards of ownership of goods to the buyer:ii) The amount of revenue can be measured reliably: andiii) It is probable that the economic benefits associated with the transaction will flow to the Company
"Ind AS 115 was issued on 28th March 2018 and supersedes Ind AS 11 Construction Contracts and Ind AS 18 Revenue and it applies, with limited exceptions, to allrevenue arising from contracts with its customers. Ind AS 115 establishes a five-step model to account for revenue arising from contracts with customers and requiresthat revenue be recognised at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to acustomer.Ind AS 115 requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model tocontracts with their customers.The standard also specifies the accounting for the incremental costs of obtaining a contract and the costs directly related to fulfilling a contract. In addition, thestandard requires extensive disclosures. The application of Ind AS 115 did not have any significant impact on recognition and measurement of revenue and relateditems in the financial results "
Property, Plant and Equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized untilthe property, plant and equipment are ready for use, intended by the Management. The Company depreciates property, plant and equipment over their useful livesspecified in Schedule II of the Companies Act, 2013 using the straight- line method. The useful lives of the assets are as follows:Asset Category Useful Life considered by company (Years)
Office Equipment 5Furniture & Fixtures 10Computer Systems – other than servers 3Computer Systems –servers 6Electrical Installations 10Vehicles 6Buildings 3
Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end.The cost of assets not ready to use before year ended are disclosed under 'Capital work-in-progress'.Subsequent expenditures relating to property, plant and equipment are capitalized only when it is probable that future economic benefits associated with these will flowto the Company and the cost of the item can be measured reliably. Repairs and maintenance costs are recognized in the Statement of Profit and Loss when incurred.The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset and the resultant gains or losses arerecognized in the Statement of Profit and Loss.
Intangible Assets are stated at cost less accumulated amortization and impairment, if any. Intangible Assets are amortized over their respective individual estimateduseful lives on the straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number offactors including the effects of obsolescence demand, competition, and other economic factors (such as stability of the industry, and known technological advances),and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewedperiodically including at each financial year end.Software product development costs are expensed as incurred unless technical and commercial feasibil ity of the project demonstrated, future economic benefits areprobable, the Company has an intention and ability to complete and use or sell the software and the costs can be reliably measured. The costs which can becapitalized include the cost of material, employee benefit expenses, overhead costs that are directly attributable to preparing the asset for its intended use.
Inventories are valued at cost. Costs include all non refundable duties and all charges incurred in bringing the goods to their present location and condition.
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability of another entity.
All financial assets and financial liabilities are initially measured at fair value, except for trade receivables which are initially measured at transaction price. Transactioncosts that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair valuethrough profit and loss) are added to or deducted from the fair value of financial assets and financial liabilities, as appropriate, on initial recognition. Transaction costsdirectly attributable to the acquisition or issue of financial assets and financial liabilities at fair value through profit and loss are recognized immediately in profit or loss.
All financial assets, except investment in subsidiaries are recognized at fair value.The measurement of financial assets depends on their classification, as described below:
(i) At Amortised cost:A financial asset is measured at the amortised cost if both the following conditions are met:(A) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and(B) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal interest (SPPI) on the principal
amount outstanding.(ii) At Fair Value through Other Comprehensive Income (FVTOCI):
A financial asset is measured at the FVTOCI if both the following conditions are met:(A) The objective of the business model is achieved both by collcting contractual cash flows and selling the financial assets, and "(B) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal interest (SPPI) on the principal
amount outstanding."(iii) At Fair Value through Profit or Loss
A Financial asset which is not classified in any of the above categories ((i) and (ii)) is subsequently fair valued through profit or loss.
Financial liabilities are subsequently carried at amortized cost using the effective interest rate method. For trade and other payables maturing within one yearfrom the Balance Sheet date, the carrying amounts approximate fair value due to short maturity of these instruments.
Investment in subsidiaries is carried at cost in the separate financial statements.
The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset andthe transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of financial liability) is derecognized from the Company’s Balance sheetwhen the obligation specified in the contract is discharged or cancelled or expires.
For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fairvalue due to short maturity of these instruments.
(a) Financial assetsThe Company applies Expected Credit Loss (ECL) model for measurement and recognition of impairment loss on the financial assets and credit risk exposure.The Company follows ‘Simplified Approach’ for recognition of impairment loss allowance on all trade receivables or contractual receivables.Under the simplified approach the Company does not track changes in credit risk, but it recognizes impairment loss allowance based on lifetime ECLs at eachreporting date, right from its initial recognition. If credit risk has not increased significantly, 12 month ECL is used to provide for impairment loss. However, ifcredit risk has increased significantly, lifetime ECL is used.ECL impairment loss allowance (or reversal) reognised during the period is recognized as income / (expense) in the statement of profit and loss.
(b) Non-Financial assetsIntangible assets and property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carryingamounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of fair value less cost to sell and the value-in-use) is determined on an individual basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases,the recoverable amount is determined for the CGU to which the asset belongs.If such assets are considered to be impaired, the impairment to be recognized in the Statement of Profit and Loss is measured by the amount by which thecarrying value of the assets exceeds the recoverable amount of the asset. An impairment loss is reversed in the Statement of Profit and Loss if there has beena change in the estimated used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount,provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization or depreciation) had noimpairment loss been recognized for the asset in prior years.
Provisions are recognized for when the Company has a present, legal or contractual obligation as a result of past events, only if it is probable that an outflow ofresources embodying economic outgo or loss will be required and if the amount involved can be measured reliably.The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking intoaccount the risks and uncertainties surrounding the obligation. If the effect of the time value of money is material, provisions are discounted using a current pre-tax ratethat reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised asfinance cost.
A possible obligation that arises from past events and the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertainfuture events not wholly within the control of the enterprise are disclosed as contingent liability and not provided for. Such liability is not disclosed if the possibility ofoutflow of resources is remote.
A contingent asset is possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or moreunccertain futrue events not wholly within the control of the entity.Contingent assets are not recognised but disclosed only when an inflow of economic benefits are probable.
(a) Initial recognitionTransactions denominated in foreign currencies are recorded at the exchange rates prevailing on the date of the transaction.
(b) Conversion:At the year-end, monetary items denominated in foreign currencies, if any, are converted into rupee equivalents at exchange rates prevailing on the balancesheet date.
(c) Exchange Differences:All exchange differences arising on settlement and conversion of foreign currency transaction are included in the Statement of Profit and Loss.
Income tax expenses comprise current and deferred income tax. Income expense is recognized in net profit in the Statement of Profit and Loss except to the extentthat it relates to item recognised directly in equity, in which case it is recognised in Other Comprehensive Income. Current income tax for current and prior periods isrecognized at the amount expected to be paid to or recovered from tax authorities, using the tax rates and tax laws that have been enacted or substantially enactedby the Balance Sheet date.Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amountsin financial statements. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefitswill be realized.
(a) Short Term Employee BenefitsThe company has an obligation towards leave encashment, a defined benefit retirement plan covering eligible employees. The liability is provided for on thebasis of the Company policy and calculations made by the Management at the end of each financial year.
(b) Post Employment Benefits(i) Defined Benefit Plan
Gratuity being a defined benefit scheme is accrued based on actuarial valuations, carried out by an independent actuary as at the balance sheet dateusing projected unit credit method. These contributions are covered through Group Gratuity Scheme with Life Insurance Corporation of India and arecharged against revenue.Re-measurements, comprises actuarial gains and losses, the effects of the asset ceiling (excluding net interest) and the return on plan assets (excludingnet interest), are recognized immediately in a Balance Sheet with a corresponding debit or credit to retaining earnings through OCI in the period in whichthey occur. Re-measurements are not reclassified to profit or loss in subsequent periods. Net interest is calculated by applying the discount rate to thenet balance of defined benefit liability or asset.For the purpose of presentation of defined benefit plans, the allocation between short term and long term provisions has been made as determined by anactuary.
(ii) Defined Contribution PlansCompany’s contribution to Provident Fund and Employees’ State Insurance Fund which are define contribution plans determined under the relevantschemes and/or statutes are charged to Statement of Profit and Loss when incurred.
Cash flows are reported using the indirect method, whereby profit before tax for the period adjusted for the effects of transactions of non-cash nature, any deferrals oraccruals of past or future operating cash receipts or payments and items of income or expenses associated with investing or financing cash flows. The cash flows fromoperating, investing and financing activities of the Company are segregated.
Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one thatnecessarily takes substantial period of time to get ready for intended use. All other borrowing costs are recognised in the Statement of Profit and Loss in the period they occur.
The Company prepares its segment information in conformity with the accounting policies adopted for preparing and presenting the financial statements of the Company as awhole.
Basic earnings per equity share are computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity sharesoutstanding during the period.Diluted earnings per equity share are computing by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity sharesconsidered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutivepotential equity shares.
Loans and other financial assets INR in Thousands
Security deposits 3684 3779Fixed Deposits 44021 36058Inter Corporate Debt 17300 -Investments in Subsidiaries 100 151Investments in Other Companies 19 -Retention Money receivable 12573 -Advances to Subsidiaries - 2489Advances to Other Companies 4461 -
Current loans and Advances 21761 2489Non-Current loans and Advances - -Non-Current Investments 119 151Other Current financial assets 60277 39837
INR in Thousands
Balance with Banks - Current Accounts 14038 445Cash on hand 976 201
INR in Thousands
Deferred tax assets:Difference between the Carrying values as perbooks of account and the Income Tax Act, 1961 3127 2447Impact of expenditure charged to Statement ofProfit and Loss in Current Year because of transition to Ind AS 5835 3385MAT credit entitlement 13711 10355
INR in Thousands
Prepaid expenses 326 245TDS Receivable 28508 33835VAT credit 71 71Advance for Service providers 2335 5744
Current 31240 39895Non-Current - -
INR in Thousands
Trade Receivables considered good-Unsecured 218243 178543Trade Receivables which have significant increase inCredit Risks 12284 31798Trade Receivables-Credit Impaired 19256 10647
Provision for Expected credit loss 19256 10647
INR in Thousands
Vehicle Loan from HDFC Bank - 544Overdraft - Punjab National Bank 7685 5852
From Companies 35135 18215
Current 42820 24612Non-Current - -
Overdraft - Punjab National Bank: Primary Security id hypothecation of Book Debts of the company, both present and future. This facility is guaranteed by RRAS TechnologiesPvt Ltd (Promoter Company), Managing Director of the Company and his relative. This facility is also Secured by the Immovable Properties of the other parties.
Authorized shares15,000,000(Previous year : 15,000,000) Equity shares of Rs 10/- each 150000 150000Issued, subscribed and fully paid-up shares67,13,640 (Previous year : 6,280,640) Equity shares of Rs 10/- each 67136 62806
At the beginning of the period 6280640 62806 6280640 62806Issued during the period 433000 4330 - -
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 onlyirrespective 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 thecompany,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 inproportion to the number of equity shares held by the share holders.
Name of Equity ShareholderCoingen Tech Solutions Pvt. Ltd. 545774 8 545774 9RRAS Technologies Private Limited 2098258 31 2098258 33
INR in Thousands
Profit and Loss accountOpening Balance 44164 32083Profit/(Loss) for the Year 19125 12080
Security Premium 17320 -
INR in Thousands
1. Sale/rendering of services (a) Software Sales/Services - Exports 45189 7342 (b) Software Sales/Services - Domestic 176163 2073092. Sale of Goods: - - (a) Sale of Goods - Domestic 98065 443093. Other Operating Revenue 9560 2309
INR in Thousands
Other non operating income(a) Interest on Deposits & Other Income 2751 2427(b) Interest Received from Others 2469 2(c) Miscellaneous Receipts 490 1574(d) Other Payables Written Back 1443 2,857(e) Interest On IT Refund 1502
Salaries and incentives 19688 20543Directors remuneration# 7065 4917Contribution to Provident fund and ESI 1614 1930Gratuity expense 576 1179Staff welfare expenses 750 325
# During the Financial Year 18-19, the Company has paid remuneration of Rs.7440 thousands to its directors. Out of that an amount of Rs.7065 thousands debited to P&L andremaining amount transferred to Capital work-in-progress for MARS Project.
INR in Thousands
Depreciation on Property, plant and equipment 3229 4364Amortization of Intangible assets 2708 2682
dbenetit p1an (III etGra,uity plan) CGV’VIIIQ e1 igible eripleyees which p1 Ovide a l'urns sum paymen. to vestede rIIp leyees at retirement. :Ieathxaeterlnpeyenient ot an aveunI iaased on theerespeetive emp1ayee5 salarv 61."d the tenure. at paymeh.t.
a
n
s for the detined benefit Gratuity De".The valuation re eIiI plan as at 31-03-2019 are producedIn the tables below:
INF. it) Thousand3
Particulars For the period ending
31-Mar-19 31-Mar-18
(Ind AS-19) (Ind AS-19)
A) Present Value of Obligation as at beginning 2675 563
Current Service Cost 370 II34
Interest Expense or Cost 206 45
Bern urerrient (or Ac'
loss arising tre1T1: -1
,1
- change in demographic a5suranierIs - -
- change in IinahCIal assumptiohs (I I94) 932
ce IActual v assumption:) . .
EteoIoIWanoeIn1ore1one>1rl ngeretes_ _
Ettec Iot III-sine ions or dispesalsPresent Value of Obligation as at the end 2056 2675
B) Assets and Liability (Balance Sheet Position) 31-Mar-19 31-Mar-18
PresentIi::lue 01 Oh‘ igation 2056 2675
Fair ‘value DI Planr » -
Surplus I (Deficit) 2056 2675
Ettects 0t Asset Ceiling. it any- -
Net Asset I (Liability) 2056 2675
C) Bifurcation of Net Liability: 31-Mar-19 31-Mar-18Current iLiabilII' 613 art terrnl 10‘: 131
Narr- CII1renI I.Iabilityr’ g tern) 1956 2544
Total Liability 2056 2675
D) Expenses Recognised in the Income Statement 31-Mar-19 31-Mar-18Current Service Cost 370 I134
Pa3i erI/ice Cost -
Lo: ((5 in) on settlemen .
Eypected retu111 11Asset - »
Net Interest WsII’IIhcorIIeI on the Net I‘eIIned Benefit Liaolty/ (Asset) 206 45
actuarial Gain/Loss - -
Expenses Recognised in the Income Statement 576 1179
E) Other Comprehensive Income 31-Mar-19 31-Mar-18Actuarial (gains) 1’ losses 1/ at: difference - 354- changein de1negrapnia a5sumpIIu» cha11ge in tinahci al assumpdohs- exper‘ Ice variance Ii.c
1‘ .AcIIIal experience vs assurreIIons) - -
- 01he15 (1194) 932
Returnon plan s33 Is. 1 CLdIl‘I111I"L1IJ”llecognizedin ne1. in1erestexpense - -
Re rIe.sue'r1ent’"rIIc.arIaI\ (gain/less arising because G1tcha.ge in ettect eta: atceiling ~
Components of defined benefit costs recognised in other comprehensive'Income (1194) 1286
F) Changes In fair value of Planned Assets 31-Mar-19 31-Mar-18
Fair Value of Plan Assets as at the beginning . _
OB difference - -
investment Income - »
"
player‘s Contribution - -
r .
t1ipleyees Contr' - »
89.1IeIiIs Pain: - -
FteII.Inimplan assets excl»udiug amount - —
'
. "“I interest expense
Acqu tion Adlusment »
Fair Value of Plan Assets as at the end - -
Cr'
I). unt1ate (351’ annurrn 7 35% 7.72%
Sa‘ y gICW'P rate I er an1hum) 5.00% 5.00%
1 'y Ra1e I% at !f\.LML0"11-08) IOO’I’C 100%
Withdrawal rate (per annu1n) 5. 0% 5.00%
G) Summary of Membership Status 31-Mar-19 31-Mar-18
N'Imber eternpleyees 49'
‘1
Total monthly pay (Rs) 959 1163
Average east serve ce (years) 2.73 yrs 2.85 yIS
Average age(years)'
y 35.14 yrs.
‘
y 23.86 yrs
I1 202 yrs
i864 yrs
49
RAMINFOIdeme 5 Colleboro're - Deliver
26. Financial risk management
Financial risk factors:
T119 Company‘s aciivii15s 5x003 a1 risks - n1ark31r13k 0191111 risk :1111:11:109 it to a variety 0103 i 0'.ictabii1ty 0L.
iin a11c1a1 1n rk9ts an‘seek 10 mi 'ze90191111919011959911901501111311na11ca1pe110rn1ane T11n9 111mary1narke1.'
1.10111900mpar9y1s1n19r9311atL11skand191919110111191‘19y113k. T119 Compan, 39L1: 0C1s0r9113 9:21 .1113 in 1u 11099:2'1a1111yby111°111di11i0'ua10haraC1e11s1103199011 cus10merand the 00n09n11911C1n 0’1 1131100911119 100 19W 0L1s113rncr .
Market risk
Mark91 risk is 1119 risk 1113111119 fair 1191119 01111ture cash 11011115 019 111119110191 111s1rurn9111iw1111 11001099 b90aus9 91011911993111.10911491391093.11911191031: 09mpris9st111101y539s of risk:
in19r931 rate 11sk and f13re1gin 011119r1.Cy 1isk.
A) Interest rate risk11911919510319 riski . '. 131111191119
1301110911 1.1595 "1:09191911'01311111155‘11110119110 9.35355 111511101130111911. 10155 or gain.
and '."
1 1 “rs
mm
119.
Credit risk exposure
T119 a110wance 1‘01 exp90.9:2' credi1103sC 011510191191' baianc=s 1'01 the was ended Marci S1. 2019 and March 31 2018 15R3. 1148‘sJ 11Lh013a nd and Rs.o"'12'1C10sand,
1930901019111:
The m0v3rn3n11n 01191111 1055 3110111911091'5 as 191101113.
lNF‘.1n Theusands
Particulars For the year ended 31-03-2019 For the year ended 31-03-2018
Jim and ex anatichs which to the beet Gt cur kho 'ieu e and beiiei were heeeesar‘l ter the purpceee Gt cur audit
1;} in ouropiriiori proper books ptaccountasrequired by iaw reiatii1g1dpreparatien eithetat' resaid Deheoiidated Finariciai Sta1en1en1e have been kept so taras
It apeeastr0 II our examihhatior‘. I3ithose books.
at The Corisei idated Bat ahLe Sheet he C10h30iidated Stateh‘eht of Prof'tahd Loss irIcIudihg Oh "0ih‘IpreIIeheiveih.corrie ConscII idated StaternehtofChahgesih ELIIity and the CensoIidated Sta1en1Ii,11e. Cash. FIew deait witi1ytriis Fteport aie ihagreei..ehtwi1,h the reievaht books of 53:31)...Iht mein1aihed1er the
purpose of prepa on otthe Cohsoiida1edFir‘eInciai tatements.
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. tSecti0i1tEiliiiiiptthe Act
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required under the apI.cabie iawc recccunting eta daiide, tGr mate riai
Other comprehensive income not to be reclassified to profit or loss insubsequent periods:
Re-measurement loss on defined benefit obligations (net) 1194 932Income tax effect (244) (190)
950 742
Share Holders of the Company 18670 12475Non-controlling interests - (153)
Share Holders of the Company 18670 11733Non-controlling interests - (153)
Earnings per Equity Share of INR 10/- each Basic 23 2.82 1.96 Diluted 23 2.82 1.96
The accompanying notes are an integral part of the financial statements.
As per our Report of even date For and on behalf of the BoardFor Eswaraiah & Co.,Chartered AccountantsFirm Registration No. 006157SSd/- Sd/- Sd/-Gottam Chandrasekhar Reddy L. Srinath Reddy V. Anil Kumar AmbatiPartner Managing Director Whole-time DirectorMembership No. 240580
Sd/- Sd/-Place : Hyderabad Shreya Mangal P. Venkateswara RaoDate : May 6th, 2019 Company Secretary Chief Financial Officer
Adjustments for :Depreciation of property, plant and equipment 3229 4364Amortisation of Intangible assets 2708 2682Provision / (Release of Provision) for Doubtful Trade Receivables (Net) 11489 6020Trade /Other Payables Written off (10503) (3484)Unrealised Exchange Differences on Foreign Currency (Net) 994 (648)Interest Expenses 5791 2452Finance Income (Including Fair Value changes in Financial Instruments) (5220) (2534)
Adjustments for :Increase/ (Decrease) in Provisions 2689 2020Increase/ (Decrease) in Trade and other payables (34894) 83297Increase/ (Decrease) in Other Current Liabilities 28981 10513Increase/ (Decrease) in Security deposits 2812 9479(Increase)/ Decrease in Trade and other receivables (20185) (107456)(Increase)/ Decrease in Inventories 3366 (3366)(Increase)/ Decrease in MAT (3356) (2377)(Increase)/ Decrease Other Current Assets (3454) (11250)
Income tax paid - -
Capital Expenditure (Including Capital Work In Progress) (12113) (5078)Purchase/Sale of Property plant and equipment (427) (1112)Short Term Fixed Deposits placed with Bank (7867) (2926)Advances (1103) (1000)Investments 19 177Finance Income 5220 2415
-Share Capital Issued 4330 -Security premium received 17320 -Money received against share warrants 12088 -Interest Paid (5791) (2452)Intercorporate debt given (17300) -Increase in Borrowings 18208 3841
13788 (6446)1266 7712
The accompanying notes are an integral part of the financial statements.
As per our Report of even date For and on behalf of the BoardFor Eswaraiah & Co.,Chartered AccountantsFirm Registration No. 006157SSd/- Sd/- Sd/-Gottam Chandrasekhar Reddy L. Srinath Reddy V. Anil Kumar AmbatiPartner Managing Director Whole-time DirectorMembership No. 240580
Sd/- Sd/-Place : Hyderabad Shreya Mangal P. Venkateswara RaoDate : May 6th, 2019 Company Secretary Chief Financial Officer
Equity shares of INR 10/- each issued, subscribed and fully paid
6280640 62806 6280640 62806Issue of share capital 433000 4330 - -
32059 - 32059
Profit for the period 12475 - 12475
Other comprehensive income - (742) (742)
12475 (742) 11733
- - 43792Profit for the period 17720 - - 17720Share of Profit / Loss of subsidiary 185 - - 185Securities Premium received during the year - 17320 - 17320Other comprehensive income - - 950 950
17720 - 950 36175
The accompanying notes are an integral part of the financial statements.
As per our Report of even date For and on behalf of the BoardFor Eswaraiah & Co.,Chartered AccountantsFirm Registration No. 006157SSd/- Sd/- Sd/-Gottam Chandrasekhar Reddy L. Srinath Reddy V. Anil Kumar AmbatiPartner Managing Director Whole-time DirectorMembership No. 240580
Sd/- Sd/-Place : Hyderabad Shreya Mangal P. Venkateswara RaoDate : May 6th, 2019 Company Secretary Chief Financial Officer
"RAMINFO Limited (“The Company) was incorporated on 20-05-1994 and the CIN being L72200TG1194PLC017598. The company is engaged in the business ofSoftware development, health services, energy solutions, e-governance projects etc.,Raminfo Limited (""The Company"") and its subsidiary Raminfo Digitech Private Limited collectively reffered to as ""The Group""."
These consolidated financial statements are prepared in accordance with Indian Accounting Standards (Ind AS), under historical cost convention on the accrual basisexcept for certain financial instruments which are measured at fair values, as per the Companies (Indian Accounting Standards) Rules, 2015 notified under section 133of Companies Act, 2013, (the ‘Act’) and other relevant provisions of the Act.Effective 1st April, 2017, the Company has adopted all the Indian Accounting Standards (referred to 'Ind AS') notified under Companies (Indian Accounting Standards)Rules, 2015 and the adoption was carried out in accordance with Ind AS 101, First-Time Adoption of Indian Accounting Standards, with 1st April, 2016 as the transitiondate. The transition was carried out from Indian Accounting Principles generally accepted in India as prescribed under Section 133 of the Act, read with Rule 7 of theCompanies (Accounts) Rules, 2014 (IGAAP), which was the previous GAAP.
The preparation of financial statements in conformity with Ind AS requires the Management to make estimates, judgments and assumptions. These estimates,judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosure of contingent assets andliabilities at the date of financial statements and reported amounts of revenues and expenses during the period. Accounting estimates could change from period toperiod. Actual results could differ from those estimates. Appropriate changes in estimates are made as the Management becomes aware of the changes in thecircumstances surrounding the estimates. Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, theireffects are disclosed in the notes to accounts.
Raminfo Limited consolidates entities which it owns or controls. The consolidated financial statements comprise the financial statements of the Company and itssubsidiary. Control exists when the parent has power over the entity, is exposed, or has rights, to variable returns from its involvement with the entity and has the abilityto affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those whichsignificantly affect the entity's returns.The financial statements of the Group companies are consolidated on a line-by-line basis by adding together the book values of the like items of assets, liabilities,income and expenses after eliminating all significant intra-group balances and intra-group transactions. The unrealized profits and unrealized losses resulting fromintra-group transactions are eliminated.These financial statements are prepared by applying uniform accounting policies in use at the Group. Non-controlling interests which represent part of the net profitor loss and net assets of subsidiaries that are not, directly or indirectly owned by the Company, are excluded.
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be measured reliably.a) Income from Services:
Revenues are recognized immediately when the services are provided. The company collects the taxes on behalf of the government and therefore, these arenot economic benefits flowing to the company. Hence they are excluded from revenue.
b) Sale of Goods:Revenue from sale of goods is recognised when the goods are delivered and titles have passed, at which time all the following are satisfied:i) The company has transferred all significant risks and rewards of ownership of goods to the buyer:ii) The amount of revenue can be measured reliably: andiii) It is probable that the economic benefits associated with the transaction will flow to the Company
"Ind AS 115 was issued on 28th March 2018 and supersedes Ind AS 11 Construction Contracts and Ind AS 18 Revenue and it applies, with limited exceptions, to allrevenue arising from contracts with its customers. Ind AS 115 establishes a five-step model to account for revenue arising from contracts with customers and requiresthat revenue be recognised at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to acustomer.Ind AS 115 requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model tocontracts with their customers.The standard also specifies the accounting for the incremental costs of obtaining a contract and the costs directly related to fulfilling a contract. In addition, thestandard requires extensive disclosures. The application of Ind AS 115 did not have any significant impact on recognition and measurement of revenue and relateditems in the financial results "
Property, Plant and Equipment are stated at cost, less accumulated depreciation and impairment, if any. Costs directly attributable to acquisition are capitalized untilthe property, plant and equipment are ready for use, intended by the Management. The Company depreciates property, plant and equipment over their useful livesspecified in Schedule II of the Companies Act, 2013 using the straight- line method. The useful lives of the assets are as follows:
Asset Category Useful Life considered by company (Years)
Office Equipment 5Furniture & Fixtures 10Computer Systems – other than servers 3Computer Systems –servers 6Electrical Installations 10Vehicles 6Buildings 3
Depreciation methods, useful lives and residual values are reviewed periodically, including at each financial year end.The cost of assets not ready to use before year ended are disclosed under 'Capital work-in-progress'.Subsequent expenditures relating to property, plant and equipment are capitalized only when it is probable that future economic benefits associated with these will flowto the Company and the cost of the item can be measured reliably. Repairs and maintenance costs are recognized in the Statement of Profit and Loss when incurred.The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset and the resultant gains or losses arerecognized in the Statement of Profit and Loss.
Intangible Assets are stated at cost less accumulated amortization and impairment, if any. Intangible Assets are amortized over their respective individual estimateduseful lives on the straight-line basis, from the date that they are available for use. The estimated useful life of an identifiable intangible asset is based on a number offactors including the effects of obsolescence demand, competition, and other economic factors (such as stability of the industry, and known technological advances),and the level of maintenance expenditures required to obtain the expected future cash flows from the asset. Amortization methods and useful lives are reviewedperiodically including at each financial year end.Software product development costs are expensed as incurred unless technical and commercial feasibil ity of the project demonstrated, future economic benefits areprobable, the Company has an intention and ability to complete and use or sell the software and the costs can be reliably measured. The costs which can becapitalized include the cost of material, employee benefit expenses, overhead costs that are directly attributable to preparing the asset for its intended use.
Inventories are valued at cost. Costs include all non refundable duties and all charges incurred in bringing the goods to their present location and condition.
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability of another entity.
All financial assets and financial liabilities are initially measured at fair value, except for trade receivables which are initially measured at transaction price. Transactioncosts that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair valuethrough profit and loss) are added to or deducted from the fair value of financial assets and financial liabilities, as appropriate, on initial recognition. Transaction costsdirectly attributable to the acquisition or issue of financial assets and financial liabilities at fair value through profit and loss are recognized immediately in profit or loss.
All financial assets, except investment in subsidiaries are recognized at fair value.
The measurement of financial assets depends on their classification, as described below:(i) At Amortised cost:
A financial asset is measured at the amortised cost if both the following conditions are met:(A) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and(B) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal interest (SPPI) on the principal
amount outstanding.(ii) At Fair Value through Other Comprehensive Income (FVTOCI):
A financial asset is measured at the FVTOCI if both the following conditions are met:(A) The objective of the business model is achieved both by collcting contractual cash flows and selling the financial assets, and "(B) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal interest (SPPI) on the principal
amount outstanding."
(iii) At Fair Value through Profit or LossA Financial asset which is not classified in any of the above categories ((i) and (ii)) is subsequently fair valued through profit or loss.
Financial liabilities are subsequently carried at amortized cost using the effective interest rate method. For trade and other payables maturing within one yearfrom the Balance Sheet date, the carrying amounts approximate fair value due to short maturity of these instruments.
Investment in subsidiaries is carried at cost in the separate financial statements.
The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset andthe transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of financial liability) is derecognized from the Company’s Balance sheetwhen the obligation specified in the contract is discharged or cancelled or expires.
For financial assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying amounts approximate fairvalue due to short maturity of these instruments.
(a) Financial assetsThe Company applies Expected Credit Loss (ECL) model for measurement and recognition of impairment loss on the financial assets and credit risk exposure.The Company follows ‘Simplified Approach’ for recognition of impairment loss allowance on all trade receivables or contractual receivables.Under the simplified approach the Company does not track changes in credit risk, but it recognizes impairment loss allowance based on lifetime ECLs at eachreporting date, right from its initial recognition. If credit risk has not increased significantly, 12 month ECL is used to provide for impairment loss. However, ifcredit risk has increased significantly, lifetime ECL is used.
ECL impairment loss allowance (or reversal) reognised during the period is recognized as income / (expense) in the statement of profit and loss.
(b) Non-Financial assetsIntangible assets and property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carryingamounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of fair value less cost to sell and the value-in-use) is determined on an individual basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases,the recoverable amount is determined for the CGU to which the asset belongs.If such assets are considered to be impaired, the impairment to be recognized in the Statement of Profit and Loss is measured by the amount by which thecarrying value of the assets exceeds the recoverable amount of the asset. An impairment loss is reversed in the Statement of Profit and Loss if there has beena change in the estimated used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount,provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization or depreciation) had noimpairment loss been recognized for the asset in prior years.
Provisions are recognized for when the Company has a present, legal or contractual obligation as a result of past events, only if it is probable that an outflow ofresources embodying economic outgo or loss will be required and if the amount involved can be measured reliably.The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking intoaccount the risks and uncertainties surrounding the obligation. If the effect of the time value of money is material, provisions are discounted using a current pre-tax ratethat reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised asfinance cost.
A possible obligation that arises from past events and the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertainfuture events not wholly within the control of the enterprise are disclosed as contingent liability and not provided for. Such liability is not disclosed if the possibility ofoutflow of resources is remote.
A contingent asset is possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or moreunccertain futrue events not wholly within the control of the entity.
Contingent assets are not recognised but disclosed only when an inflow of economic benefits are probable.
(a) Initial recognitionTransactions denominated in foreign currencies are recorded at the exchange rates prevailing on the date of the transaction.
(b) Conversion:At the year-end, monetary items denominated in foreign currencies, if any, are converted into rupee equivalents at exchange rates prevailing on the balancesheet date.
(c) Exchange Differences:All exchange differences arising on settlement and conversion of foreign currency transaction are included in the Statement of Profit and Loss.
Income tax expenses comprise current and deferred income tax. Income expense is recognized in net profit in the Statement of Profit and Loss except to the extentthat it relates to item recognised directly in equity, in which case it is recognised in Other Comprehensive Income. Current income tax for current and prior periods isrecognized at the amount expected to be paid to or recovered from tax authorities, using the tax rates and tax laws that have been enacted or substantially enactedby the Balance Sheet date.Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amountsin financial statements. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefitswill be realized.
(a) Short Term Employee BenefitsThe company has an obligation towards leave encashment, a defined benefit retirement plan covering eligible employees. The liability is provided for on thebasis of the Company policy and calculations made by the Management at the end of each financial year.
(b) Post Employment Benefits(i) Defined Benefit Plan
Gratuity being a defined benefit scheme is accrued based on actuarial valuations, carried out by an independent actuary as at the balance sheet dateusing projected unit credit method. These contributions are covered through Group Gratuity Scheme with Life Insurance Corporation of India and arecharged against revenue.Re-measurements, comprises actuarial gains and losses, the effects of the asset ceiling (excluding net interest) and the return on plan assets (excludingnet interest), are recognized immediately in a Balance Sheet with a corresponding debit or credit to retaining earnings through OCI in the period in whichthey occur. Re-measurements are not reclassified to profit or loss in subsequent periods. Net interest is calculated by applying the discount rate to thenet balance of defined benefit liability or asset.For the purpose of presentation of defined benefit plans, the allocation between short term and long term provisions has been made as determined by anactuary.
(ii) Defined Contribution PlansCompany’s contribution to Provident Fund and Employees’ State Insurance Fund which are define contribution plans determined under the relevantschemes and/or statutes are charged to Statement of Profit and Loss when incurred.
Cash flows are reported using the indirect method, whereby profit before tax for the period adjusted for the effects of transactions of non-cash nature, any deferrals oraccruals of past or future operating cash receipts or payments and items of income or expenses associated with investing or financing cash flows. The cash flows fromoperating, investing and financing activities of the Company are segregated.
Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is onethat necessarily takes substantial period of time to get ready for intended use. All other borrowing costs are recognised in the Statement of Profit and Loss in the periodthey occur.
The Company prepares its segment information in conformity with the accounting policies adopted for preparing and presenting the financial statements of theCompany as a whole.
Basic earnings per equity share are computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equityshares outstanding during the period.
Diluted earnings per equity share are computing by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equityshares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversionof all dilutive potential equity shares.
Loans and other financial assets INR in Thousands
Security deposits 3684 3779Fixed Deposits 44021 36058Inter Corporate Debt 17300 -Investments in Other Companies 19 -Retention Money receivable 12573 -Advances to Other Companies 4461 5564
Current loans and Advances 21761 5564Non-Current loans and Advances - -Non-Current Investments 19 -Other Current financial assets 60277 39837
INR in Thousands
Balance with Banks - Current Accounts 14063 1035Cash on hand 991 232
INR in Thousands
Difference between the Carrying values as perbooks of account and the Income Tax Act, 1961 3127 2447Impact of expenditure charged to Statement ofProfit and Loss in Current Year because of transition to Ind AS 5835 3385MAT credit entitlement 13711 10355
INR in Thousands
Prepaid expenses 326 245TDS Receivable 28518 33835VAT credit 71 71Advance for Service providers 2335 5744
Current 31250 39895Non-Current - -
INR in Thousands
Trade Receivables considered good-unsecured 218243 178543Trade Receivables which have significant increasing credit risks 12284 31798Trade Receivables-credit impaired 19256 10647
249782 220988Provision for Expected credit loss 19256 10647
INR in Thousands
Vehicle Loan from HDFC Bank - 544Overdraft - Punjab National Bank 7685 5852
From Companies 35135 18215Total BorrowingsCurrent 42820 24612Non-Current - -
Overdraft - Punjab National Bank: Primary Security id hypothecation of Book Debts of the company, both present and future. This facility is guaranteed by RRAS TechnologiesPvt Ltd (Promoter Company), Managing Director of the Company and his relative. This facility is also secured by the immovable properties of other parties
Authorized shares15,000,000(Previous year : 15,000,000) Equity shares of Rs 10/- each 150000 150000Issued, subscribed and fully paid-up shares67,13,640 (Previous year : 6,280,640) Equity shares of Rs 10/- each 67136 62806Total issued, subscribed and fully paid-up share capital
Numbers Rs. In Thousands Numbers INR in Thousands
At the beginning of the period 6280640 62806 6280640 62806Issued during the period 433000 4330 - -
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 onlyirrespective 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 thecompany,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 inproportion to the number of equity shares held by the share holders.
Numbers % holding in Numbers % holding inthe class the class
Name of Equity ShareholderCoingen Tech Solutions Pvt. Ltd. 545774 8 545774 9RRAS Technologies Private Limited 2098258 31 2098258 33
INR in Thousands
Profit and Loss accountOpening Balance 43792 32059Share of subsidiaries accumulated Profit / Losses 185 -Profit/(Loss) for the Year 18670 11733
Security Premium 17320 -
INR in Thousands
(i) Sale/rendering of services (a) Software Sales/Services - Exports 45189 7342 (b) Software Sales/Services - Domestic 173245 207309(ii) Sale of Goods: - - (a) Sale of Goods - Domestic 100984 44309(iii) Other Operating Revenue 9560 2309
INR in Thousands
Other non operating income(a) Interest on Deposits & Other Income 2751 2427(b) Interest Received from Others 2469 2(c) Miscellaneous Receipts 490 1574(d) Other Payables Written Back 1443 2857(e) Interest On IT Refund 1502
Salaries and incentives 20122 20909Directors remuneration# 7065 4917Contribution to Provident fund and ESI 1614 1930Gratuity expense 576 1179Staff welfare expenses 750 325
#During the Financial Year 18-19, the Company has paid remuneration of Rs.7440 thousands to its directors. Out of that an amount of Rs.7065 thousands debited to P&L andremaining amount transferred to Capital work-in-progress for MARS Project.
INR in Thousands
Depreciation on Property, plant and equipment 3229 4364Amortization of Intangible assets 2708 2682
The Company availed Bank Gurantees towards security andperformance deposits to Customers against the margin moneys as follows: 60257 53608100% cash margin BGs - 3605420% cash margin BGs - 979170% cash margin BGs - 1912Third party security BGs - 12500
The demand from PF Authorities for Rs.3906 is disputable and notprovided. The Company has filed appeal with the Honorable High Court of Andhra Pradeshvide WP No. 717/2012 dated 06.01.2012 3765 3765
Service Tax Liability as per the Order dt 20.09.2011 of Hyderabad IICommissionerate, Hyderabad vide OR.No. 62/2010 which includes Service Tax LiabilityRs. 8391 and penalty of Rs. 8765) The Company preferred an appeal before theAppellate Authority, Banglore. 17156 17156
Income Tax Liability on regular assessment for the A.Y.2013-14 as per theAssessment Order dt 02.03.2016 of ITO, Ward-3(2), Hyderabad. The company has filedthe appeal before the Hon'ble Commissioner of Income Tax (Appeals)-3, Hyderabad. Theassessing officer adjusted TDS refundable of Rs.2193.71 against the said tax on regularassessment and raised a demand for Rs.2176.17. 4370 4370
The Company operates a defined benefit plan (the Gratuity plan) covering eligible employees, which provide a lump sum payment to vested employees at retirement, death,incapacitation or termination of employement, of an amount based on the respective employee's salary and the tenure of payment.The valuation results for the defined benefit Gratuity Benefit plan as at 31-03-2019 are produced in the tables below:
INR in Thousands
2675 563Current Service Cost 370 1134Interest Expense or Cost 206 45Re-measurement (or Actuarial) (gain) / loss arising from: - -- change in demographic assumptions - -- change in financial assumptions (1194) 932- experience variance (Actual v assumptions) - -Past Service Cost - -Effect of change in foreign exchange rates - -Benefits Paid - -Acquisition Adjustment - -Effect of business combinations or disposals - -
Present Value of Obligation 2056 2675Fair Value of Plan Assets - -
Current Service Cost 370 1134Past Service Cost - -Loss / (Gain) on settlement - -Expected return on Asset - -Net Interest Cost / (Income) on the Net Defined Benefit Liability / (Asset) 206 45Actuarial Gain/Loss - -
Actuarial (gains) / losses / ob difference - 354- change in demographic assumptions - -- change in financial assumptions- experience variance (i.e. Actual experience vs assumptions) - -- others (1194) 932Return on plan assets, excluding amount recognized in net interest expense - -Re-measurement (or Actuarial) (gain)/loss arising because of change in effect of asset ceiling - -
Investment Income - -Employer’s Contribution - -Expenses - -Employee's Contribution - -Benefits Paid - -Return on plan assets , excluding amount - -recognised in net interest expenseAcquisition Adjustment - -
Number of employees 49 71Total monthly pay (Rs.) 959 1163Average past service (years) 2.73 yrs 2.85 yrsAverage age (years) 33.71 yrs 36.14 yrsAverage remaining working life (years) 26.29 yrs 23.86 yrsNumber of completed years valued 134 yrs 202 yrsDecrement adjusted remaining working life (years) 21.85 yrs 18.84 yrs
The Company's activities expose it to a variety of fiancial risks - market risk, credit risk and liquidity risk. The Company's primary focus is to foresee the unpredictability offinancial markets and seek to minimize potential adverse effects on its financial performance. The primary market risk to the Company is interest rate risk and foreign currencyrisk. The Company's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers.
Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises two types of risk:interest rate risk and foreign currency risk.
Interest rate risk is the risk that fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates.The Company quite often bridges its short term cash flow mismatch by availing working capital loan from banks by hypothecation of stocks and book debts. The interest rateon working capital loan is Bank Rate + 2.50%."The Company's exposure to interest rate risk due to variable interest rate borrowings is as follows
INR in Thousands
Overdraft - Punjab National Bank 7685 5852
Foreign currency risk is the risk that the fair value of future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Comapany's exposureto the risk of changes in foreign exchange rates relates primarily to the rendering of services in US. The exchange rate between the Indian rupee and US dollar has changedin recent years and may fluctuate in substantially in the future. Consequently, the results of the Company's operations are adversely affected as the rupee appreciates/depreciates against the US dollar."
The foreign currency risk from monetary assets and liabilities is as follows:INR in Thousands
Trade receivables US Dollar 37219 32599
Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The maximum exposure to the credit risk at the reporting date is primarilyfrom trade receivables amounting to Rs. 230526 thousand and Rs. 210341 thousand respectively as at March 31, 2019 and March 31, 2018 respectively. Trade receivables aretypically unsecured and are derived from revenue earned from customers primarily located in India and US. Credit risk has always managed by the Company through creditapprovals, establishing credit limits and continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business.As per Ind AS 109, the Company uses expected credit loss model to assess the impairment loss or gain.
The allowance for expected credit loss on customer balances for the years ended March 31, 2019 and March 31, 2018 is Rs.11489 thousand and Rs.6020 thousand,respectively.
The movement in credit loss allowance is as follows:INR in Thousands
Balance at the beginning 10559 4539Impairment loss recognized/(reversed) 11489 6020Amounts written off 4445 -Balance at the end 17603 10559
Credit risk on cash and cash equivalents is limited as we generally invest in deposit with banks with high credit ratings assigned by credit rating agencies.
The Company monitors its risk of shortage of funds using cash flow forecasting models. These models consider the maturity of its financial investments, committed funding andprojected cash flows from operations. The Company's objective is to provide financial resources to meet its business objective in a timely, cost effective and reliable manner andto manage its capital structure. A balance between continuity of funding and flexibility is maintained through the use of various types of borrowings.
The details regarding the contractual maturities of significant financial liabilities as at March 31, 2019 are as followsINR in Thousands
The Company's objective when managing capital is to safeguard continuity and healthy capital ratios in order to support its business and provide adequate return to itsshareholders through continuing growth. The Company's overall strategy remains unchanged from previous year.
The Company sets the amount of capital required on the basis of annual business and log term operating plans which include capital and strategic investments.The funding requirements are met through a mixture of equity, internal fund generation, borrowings. The Company's policy is to use borrowings to meet anticipated fundingrequirements.
INR in Thousands
Total Borrowings (includes Cash credit and ICDs) (A) 42820 24612Total Equity (including share warrants) (B) 159832 106970Gearing Ratio (A/B) 0.27 0.23
The carrying value of financial instruments by categories as on March 31st, 2019INR in Thousands
Investments in unquoted equity shares of Subsidiaries 100 - - 100Investments in unquoted equity shares of other companies 19 - - 19Trade Receivables 230526 - - 230526Cash and Cash Equivalents 15015 - - 15015Loans and Advances 21761 - - 21761Other Financial assets 60277 - - 60277
Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilitiesLevel 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices)Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs)
As per Ind AS 24, disclosure of transactions with related parties are given below
1. Promotor / Promotor Group 1. RRAS Technologies Pvt. Ltd.
2. Key Managerial persons 1. L Srinath Reddy2. Venkata Anil Kumar Ambati3. P. Venkateswara Rao4. Shreya Mangal
Summary of transactions with aforesaid parties INR In Thousands
Foreign Exchange Earnings 45189 7342Foreign Exchange Expenditure - -CIF Value of Imports - -Capital goods - Imports - -
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 financial statements.
As per our Report of even date For and on behalf of the BoardFor Eswaraiah & Co.,Chartered AccountantsFirm Registration No. 006157SSd/- Sd/- Sd/-Gottam Chandrasekhar Reddy L. Srinath Reddy V. Anil Kumar AmbatiPartner Managing Director Whole-time DirectorMembership No. 240580
Sd/- Sd/-Place : Hyderabad Shreya Mangal P. Venkateswara RaoDate : May 6th, 2019 Company Secretary Chief Financial Officer
RAMINFO LIMITED
Form No MGT-11 - Proxy Form
Signature
Signature
Signature
Monday, the 30th Day of September, 2019 at 04.00 P.M. Hotel Daspalla, Road No.37, Jubilee Hills, Hyderabad -
500033, Telangana
Resolution For Against
____________
Note:
Go geMap Raminfo Limited, Hyderabad, Telangana to DASPALLA HOTEL Drive 4.6 km, 16 min
ROAD2
4.6 km
Map data @2019 Google 500 m .._ _.
via Jubilee Hil s Check Post Rd and Rd 16 min
Number36
Fastest route, despite he usual raffic
via Rd Number 36
Heavy raffic. as usual
Explore DASPALLA HOTEL ROAD 2
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R A M I N F O L I M I T E D
A T T E N D A N C E S L I P F O R A N N U A L G E N E R A L M E E T I N G
Mo nd ay , t he 30 th Day of September, 2019 at 04.00 P.M. at Hotel Daspalla, Road No.37,Jubilee Hills, Hyderabad - 500033, Telangana.
RAMIN Fe! JOURNEY OVER THE YEARSIdeate • Collaborate • Deliver
