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NOTES TO ACCOUNTS

Prithvi Exchange (India) Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 18.56 Cr. P/BV 0.71 Book Value (₹) 31.73
52 Week High/Low (₹) 29/17 FV/ML 10/1 P/E(X) 7.61
Bookclosure 25/09/2019 EPS (₹) 2.96 Div Yield (%) 3.33
Year End :2015-03 
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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