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Jeevan Scientific Technology

BSE: 538837|ISIN: INE237B01018|SECTOR: Computers - Software
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Jeevan Scientific Technology is not listed on NSE
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Mar 15
Notes to Accounts Year End : Mar '16

1. Related parties

a. Key management personnel

Name of the personnel Nature of relationship

K Krishna Kishore Executive Director - Vice chairman

K Gopi Krishna Managing Director

M Rajendra Prasad Executive Director

Raghav Beeram Executive Director

A Vijay Kumar Independent Director

K Vanaja Non Executive - Non Independent Director

S S R Koteswara Rao Independent Director- Chairman

T Ravi Babu Independent Director

G Bhanu Prakash Independent Director

K Rama Krishna Prasad Independent Director

G. Krishna Sowjanya Company secretary

b. Name of the related party Name of the entity Nature of relation ship

Jeevana Mitra Finance Corporation Enterprise owned by Key managerial person

Enhops Solutions Pvt Ltd Wholly owned subsidiary

EnhopsInc, USA Wholly owned subsidiary

2. Accounting for Lease (AS-19):

The Company has taken two premises on operating lease. In respect of one property, in the absence of non-cancellable lease agreement, the requirements of the Accounting Standard - 19 are not given.

In respect of the other premises, the particulars are given below:

b) Lease payments recognized in the Statement of Profit and Loss.

Lease rentals of Building recognized in the Statement of Profit and Loss -Rs.70,84,050/-.

c) General description of the company’s significant leasing arrangements.

The Company has entered into a long term non-cancellable leasing arrangement in respect of its Registered Office situated at 3rd Floor, North Block, RaghavaRatna Towers, Chirag Ali Lane, Abids, Hyderabad- 500001.

3. The management has carried assessment of impairment of assets and no impairment loss has been recognized during the year.

Previous year’s figures are regrouped/ reclassified wherever considered necessary to confirm to current year’s classifications.

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