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Shaping the future of software driven business
Unconsolidated Financials •
323
e) Advance to Persistent Systems Malaysia Sdn. Bhd.
• Balance as at March 31, 2019
`
0.08 million (Previous year:
`
0.29 million)
• Maximum amount outstanding during the year
`
0.38 million (Previous year: 0.30 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements.
f) Advance to Persistent Systems France SAS
• Balance as at March 31, 2019
`
4.14 million (Previous year:
`
3.34 million)
• Maximum amount outstanding during the year
`
4.15 million (Previous year:
`
3.34 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements.
g) Loan to Klisma e-Services Private Limited
• Balance as at March 31, 2019
`
27.43 million (Previous year:
`
27.43 million)
• Maximum amount outstanding during the year
`
27.43 million (Previous year:
`
27.43 million)
• Principal is receivable at the end of twelve months and interest is receivable quarterly @ 12 % p.a. This amount is utilized
for meeting business requirements. The outstanding balance has been fully provided for.
h) Advance to Klisma e-Services Private Limited
• Balance as at March 31, 2019
`
0.81 million (Previous year:
`
0.81 million)
• Maximum amount outstanding during the year
`
0.81 million (Previous year:
`
0.81 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements. The outstanding balance has been fully provided for.
i) Advance to Aepona Limited
• Balance as at March 31, 2019: Nil (Previous year: Nil)
• Maximum amount outstanding during the year: Nil (Previous year:
`
11.49 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements.
j) Persistent Systems (Lanka) Private Limited
• Balance as at March 31, 2019
`
2.41 million (Previous year:
`
1.95 million)
• Maximum amount outstanding during the year
`
2.41 million (Previous year:
`
1.95 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements.
k) Advance to Persistent Systems Mexico, S.A. de C.V
• Balance as at March 31, 2019
`
0.59 million (Previous year:
`
0.40 million)
• Maximum amount outstanding during the year
`
0.59 million (Previous year:
`
1.92 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements.
l) Advance to Akshat Corporation (d.b.a. RGen Solutions)
• Balance as at March 31, 2019: Nil (Previous year:
`
0.05 million)
• Maximum amount outstanding during the year
`
0.10 million (Previous year:
`
0.13 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements.
m) Advance to Persistent Systems Germany GmbH
• Balance as at March 31, 2019:
`
0.57 million (Previous year: Nil)
• Maximum amount outstanding during the year
`
0.74 million (Previous year:
`
1.54 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements.
n) Advance to Persistent Systems Israel Limited
• Balance as at March 31, 2019
`
0.38 million (Previous year:
`
0.03 million)
• Maximum amount outstanding during the year
`
0.40 million (Previous year:
`
0.11 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements.
Notes forming part of financial statements (Contd.)