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Notes forming part of onancial statements (Contd.)
288
•
Annual Report 2016-17
•
Maximum amount outstanding during the year
`
163.07 million (Previous year:
`
33.20 million).
•
There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized
for meeting business requirements.
c) Advance to Persistent Systems Pte. /td
•
Balance as at March 31, 2017
`
Nil million (Previous year:
`
0.21 million)
•
Maximum amount outstanding during the year
`
0.29 million (Previous year:
`
0.27 million)
•
There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized
for meeting business requirements.
d) Advance to Persistent Telecom Solutions Inc.
•
Balance as at March 31, 2017
`
Nil (Previous year:
`
4.90 million )
•
Maximum amount outstanding during the year
`
Nil million (Previous year:
`
4.90 million )
•
There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized
for meeting business requirements.
e) Advance to Persistent Systems Malaysia Sdn. Bhd.
•
Balance as at March 31, 2017
`
0.17 million (Previous year:
`
1.23 million)
•
Maximum amount outstanding during the year
`
1.46 million (Previous year:
`
1.23 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, 2017
`
1.70 million (Previous year:
`
0.82 million)
•
Maximum amount outstanding during the year
`
1.83 million (Previous year:
`
0.82 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) Advance to CloudSquads Inc.
•
Balance as at March 31, 2017
`
Nil (Previous year
`
Nil)
•
Maximum amount outstanding during the year
`
Nil million (Previous year:
`
0.01 million)
•
There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized
for meeting business requirements.
h) /oan to Klisma eServices Private /imited
•
Balance as at March 31, 2017
`
27.43 million (Previous year:
`
27.43 million)
•
Maximum amount outstanding during the year
`
27.43 million (Previous year:
`
27.43 million)
•
Principle 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.
i) Advance to Klisma eServices Private /imited
•
Balance as at March 31, 2017
`
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.
j) Advance to Aepona /imited
•
Balance as at March 31, 2017
`
0.98 million (Previous year:
`
0.38 million)
•
Maximum amount outstanding during the year
`
1.01 million (Previous year:
`
0.38 million)