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Annual Report 2016-17
Form AOC-1 Part A
Statement pursuant to Section 129 (3) of the Companies Act, 2013 relating to
subsidiaries
(In
`
Million unless stated otherwise)
Sr.
No.
Name of the
Subsidiary
Company
Persistent
Systems,
Inc.
Persistent
Systems
Pte. Ltd
Persistent
Systems
France SAS
Persistent
Telecom
Solutions
Inc.
Persistent
Systems
Malaysia
Sdn. Bhd.
Persistent
Systems
Germany
GmbH
Aepona
Group
Limited
Aepona
Holdings
Limited
Aepona
Software
(Private)
Limited
Aepona
Limited
Valista
Limited
Valista Inc.
Akshat
Corporation
(dba Rgen
Solutions)
Persistent
Systems
Mexico, S.A.
de C.V.
Persistent
Systems
Israel Ltd.
1
Reporting currency
USD
SGD
EUR
USD
MYR
EUR
GBP
USD
/KR
GBP
EUR
USD
USD
MXN
I/S
Exchange rate on
the last date of the
Financial year
64.85
46.42
69.29
64.85
14.67
69.29
80.90
64.85
0.43
80.90
69.29
64.85
64.85
3.46
17.86
Financial Year
Ending On
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
March 31,
2017
2
Share capital
2,478.01
15.50
97.47
0.0001
102.25
1.83
58.19
59.42
0.01
1,230.62
36.25
-
-
3.65
6.78
3
Share application
money pending
allotment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4 Reserves & Surplus
972.87
281.10
71.27
(154.68)
116.24
(0.56)
1,054.15
86.95
96.16
(1,317.45)
177.32
-
60.51
5.89
32.51
5 Total assets
8,507.36
484.48
301.46
943.61
279.03
1.82
1,112.35
146.37
140.59
333.18
217.27
-
109.57
133.96
188.91
6 Total /iabilities
8,507.36
484.48
301.46
943.61
279.03
1.82
1,112.35
146.37
140.59
333.18
217.27
-
109.57
133.96
188.91
7
Investments
1,042.02
-
-
-
-
-
1,112.35
146.37
-
-
0.01
-
-
-
-
8 Turnover
15,383.12
401.29
388.82
1,435.37
548.42
-
-
-
260.21
578.74
13.60
-
253.91
126.31
446.76
9 Proot / (/oss)
before taxation
199.75
85.88
17.33
(228.46)
62.54
(0.67)
-
-
23.48
(178.21) (420.97)******
0.79
15.65
8.70
38.54
10 Provision for
taxation
(38.92)
12.89
5.78
(72.33)
-
-
-
-
0.71
-
0.11
-
(12.38)
2.62
6.16
11
Proot / (/oss) after
taxation
238.67
72.99
11.55
(156.13)
62.54
(0.67)
-
-
22.77
(178.21) (421.08)******
0.79
28.03
6.08
32.38
12 Proposed dividend
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
13 % of shareholding
100% 100% 100% 100%*
100% 100% 100%***
100%* 100%***** 100%****
100%****
0%**
100%*
100%*
100%*
*
Wholly owned subsidiaries of Persistent Systems, Inc., a wholly owned subsidiary of Persistent Systems /imited
**
Valista Inc. has been dissolved with effect from June 28, 2016. Valista /imited, its holding Company took over all the assets and liabilities of Valista Inc. on the date of dissolution.
***
Aepona Group /imited is a wholly owned subsidiary of Aepona Holdings /imited which is a wholly owned subsidiary of Persistent Systems, Inc.
**** Aepona /imited and Valista /imited are wholly owned subsidiaries of Aepona Group /imited.
***** Aepona Software (Private) /imited is a wholly owned subsidiaries of Valista /imited.
****** Includes loss on dissolution of subsidiary (Valista Inc.)
`
409.06 Million.
For and on behalf of the Board of Directors
Dr. Anand Deshpande
Chairman & Managing Director
Kiran Umrootkar
Director
Pune, April 25, 2017
Sunil Sapre
Chief Financial Ofocer
Amit Atre
Company Secretary