| 1 Corporate information
Prithvi Softech Limited (L30006TN1995PLC031931), a public limited
company incorporated under Companies Act, is licensed by RBI to
function as Authorised dealer Category II. Prithvi Softech Limited
operates under the brand name of "PRITHVI EXCHANGE" which conveys the
company's line of business i.e. Money Exchange. The company deals in
all tradeable foreign currencies, traveller cheques, drafts and swift
transfers. At present the company has 15 branches spread in the state
of TamilNadu, Karnataka, Andhra Pradesh and Gujarat.
Prithvi Exchange is also an authorised agent to receive Money Transfer
send through Western Union Money Transfer, Money Gram and Xpress Money.
2 Disclosures required under Section 22 of the Micro, Small and Medium
Enterprises Development Act, 2006
The company has not received any intimation from suppliers regarding
their status under the Micro, Small and Medium Enterprises Development
Act,2006 and Hence, disclosure, if any, relating to amout unpaid as at
the year end together with interest paid/payable as required under the
said Act have not been given.
3 Employee benefits
Regular contributions are being made towards the Provident fund and the
same has been charged to revenue. The company has provided for
employees gratuity, leave encashment or any other benefits of similar
nature on estimated basis.
4 Segment information
The Company operates mainly in a single segment i.e trading of foreign
currencies and hence not call for seg- mentwise disclosure of assets,
liabilities, revenues or expenses as prescribed under Accounting
Standard 17 on "Segment Reporting" issued by ICAI
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