CHIVARO-DUES-1g.pdf

Date: 5-Mar-2015
To
Mr. Dataram Mishra
MD&CEO
CHIVARO Technologies Pvt Ltd
Janardhan Tower
Residency Road
Bangalore – 560025
Dear Mr. Mishra,
Ref: Ref: Loan & Salary Dues Letter Dt: 1-Oct-2014 handed over to me in person on 20-Jan-2015
This is w.r.t the above and subsequent e-mails sent to you and others, I would like to bring it to your
attention that, as mentioned in my earlier mails, calculations w.r.t dues payable to the undersigned are
in-correct and does not take into account the interests being paid (varying from 3% to 4% per month)
by the undersigned.
I have consulted a financial auditor and got proper calculations done taking into account the interest
being paid on daily balances on various financial instruments like credit cards, banks, personal loans
etc.
The undersigned regrets to inform that, in spite of many reminders through mails, phone calls and
physical requests since 2011, company did not even pay the basic interest amount payable to various
financial institutions, banks, credit card companies, personal money lenders from whom the
undersigned has borrowed heavily. This has led to complete rout of financial system of the undersigned.
The undersigned had to sell/mortgage/pledge all the assets and property he has for the last 20+ years.
Company knows very well the precarious financial situation of the undersigned, but did not anything to
address his financial situation. The undersigned also regrets to inform that, the undersigned has
received various notices, including legal, from various financial institutions, to repay the dues along with
interests, immediately.
The undersigned, though this letter, is serving a notice, to file appropriate cases in competent courts of
law including civil and criminal courts.
Table 1 – Loans/Entry Loans from the undersigned to company – Page No – 4
Date Description FROM CHIVARO TO CHIVARO
DUE
DAYS
INT PER
DAY (Rs)
INT TILL DATE
(Rs.)
TOTAL DUES
(Rs.)
BALANCE
DUES
PAYABLE
(Rs.)
(TO PRM)
TOTAL Loans 31,89,793.00 53,13,645.00 65,46,784.94 86,70,636.94 86,70,636.94
Page 1 of 7

Table 2 – Salary Dues payable to the undersigned – Page No – 6
Date
Description
SALARY
DUE
(Rs.)
PAID
(Rs.)
DUE
DAYS
INT
PER
DAY
(Rs.)
INT TILL
DATE
(Rs.)
TOTAL
DUES
(Rs.)
BALANCE DUES PAYABLE
(Rs.)
(TO PRM)
TOTAL 61,76,119.00 28,68,919.00 22,84,791.87 55,91,991.87
As per the above tables, the total dues payable to the undersigned, as follows:
Rs. 86,70,636.94 + 55,91,991.87 = Rs. 1,42,62,628.81
In Words, The total dues payable, is ONE CRORE FORTY LAKHS SIXTY TWO
THOUSAND AND SIX HUNDREDEN TWENTY EIGHT PAISA EIGHTY ONE ONLY
The below method is followed:
1) Interest is calculated on both the heads – loan and salary dues
2) Interest is calculated as follows, on daily basis :
2011-12 – 1% per month
2012-13 – 2% per month
2013-14 – 3% per month
2014-15 – 4% per month
Below are excluded from the calculations:
1) Salary from month is taken at flat rate of Rs. 1,37,800/Month after IT deductions. These IT
deductions does not consider the applicable IT exemptions to the undersigned. It is estimated
that IT exemptions applicable to the undersigned will be, approximately, Rs. 3.5 Lacs to Rs. 4.0
Lacs per year, for all the applicable years
2) Company has not given yet FORM 16 for all the financial years as per listed in the tables
3) PF and its interest payable
4) Income Tax and interest on IT notices for the last so many years
5) Expenses incurred on company travels, tours, customer visit etc
6) Any other dues payable connected to either principle or interest or salary or otherwise etc.
will be included as and when it comes to the notice of the undersigned.
The undersigned would like to put it on record that the net liabilities have risen to Rs. 2.0 Cr till
date and the undersigned has pledged/mortgaged all the assets and properties as of date.
Page 2 of 7

Thanks & Regards
P. RAMA MURTHY
785, 17 TH CROSS, 5 TH BLOCK
HMT LAYOUT
VIDYARANYAPURA
BANGALORE – 560097
PH : 9845211296/41160965
Page 3 of 7

Annexures
Table 1 - LOAN/ENTRY LOAN TO COMPANY FROM PRM (All in Rs.)
Sr.
No.
Date
Description
FROM
CHIVARO
TO CHIVARO
DUE
DAY
S
INT PER
DAY
(Rs)
INT TILL
DATE (Rs.)
TOTAL DUES
(Rs.)
BALANCE
DUES
PAYABLE
(Rs.)
(TO PRM)
1
7-Mar-2011 TO CHIVARO
0.00
2
7-Mar-2011 TO CHIVARO
0.00
3
27-Apr-2011 TO CHIVARO
0.00
4
28-Apr-2011 TO CHIVARO
0.00
5
5-May-2011 TO CHIVARO
0.00
6
5-May-2011 TO CHIVARO
0.00
7
11-May-2011 TO CHIVARO
0.00
8
13-May-2011 TO CHIVARO
0.00
9
14-May-2011 TO CHIVARO
0.00
10
16-May-2011 TO CHIVARO
0.00
11
7-Jun-2011 TO CHIVARO
0.00
12
14-Jun-2011 FROM CHIVARO
54,000.00
13
7-Jul-2011 TO CHIVARO
0.00
14 5-Aug-2011 FROM CHIVARO
67,000.00
15
9-Aug-2011 TO CHIVARO
0.00
16
9-Aug-2011 TO DATARAM
MISHRA 0.00
17
2-Sep-2011 TO CHIVARO
0.00
18
5-Sep-2011 FROM CHIVARO
55,000.00
19
8-Sep-2011 TO CHIVARO
0.00
20
3-Oct-2011 FROM CHIVARO
63,000.00
21 10-Oct-2011 TO CHIVARO
0.00
22 9-Nov-2011 FROM CHIVARO
63,000.00
23
10-Nov-2011 TO CHIVARO
0.00
24
24-Nov-2011 FROM CHIVARO
2,00,000.00
25
12-Dec-2011 TO CHIVARO
0.00
26
10-Jan-2012 TO CHIVARO
0.00
27
10-Jan-2012 FROM CHIVARO
63,000.00
30-Jan-2012 TO DATARAM
28
MISHRA
0.00
29 8-Feb-2012 FROM CHIVARO
58,793.00
30 1-Mar-2012 FROM CHIVARO
63,000.00
31
8-Mar-2012 TO DATARAM
MISHRA 0.00
2,00,000.00
0 0.00033 0.00
2,00,000.00 2,00,000.00
2,00,000.00
0 0.00033 0.00 4,00,000.00
4,00,000.00
3,00,000.00
51 0.00033 6,732.00 7,06,732.00
7,06,732.00
1,00,000.00
1 0.00033 233.22 8,06,965.22
8,06,965.22
3,00,000.00
7 0.00033 1,864.09 11,08,829.31
11,08,829.31
1,25,000.00
0 0.00033 0.00 12,33,829.31
12,33,829.31
5,00,000.00
6 0.00033 2,442.98 17,36,272.29
17,36,272.29
1,00,000.00
2 0.00033 1,145.94 18,37,418.23
18,37,418.23
1,00,000.00
1 0.00033 606.35 19,38,024.58
19,38,024.58
1,00,000.00
2 0.00033 1,279.10 20,39,303.68
20,39,303.68
1,40,000.00
22 0.00033 14,805.34 21,94,109.02
21,94,109.02
0.00
7 0.00033 5,068.39 21,99,177.41
21,45,177.41
1,40,017.00
23 0.00033 16,281.90 23,01,476.31
23,01,476.31
0.00 29 0.00033 22,025.13 23,23,501.44 22,56,501.44
1,40,017.00
4 0.00033 2,978.58 23,99,497.02
23,99,497.02
2,00,017.00
0 0.00033 0.00 25,99,514.02
25,99,514.02
55,006.00
24 0.00033 20,588.15 26,75,108.17
26,75,108.17
0.00
3 0.00033 2,648.36 26,77,756.53
26,22,756.53
1,40,017.00
3 0.00033 2,596.53 27,65,370.06
27,65,370.06
0.00
25 0.00033 22,814.30 27,88,184.36
27,25,184.36
1,40,017.00 7 0.00033 6,295.18 28,71,496.54 28,71,496.54
0.00 30 0.00033 28,427.82 28,99,924.35 28,36,924.35
1,50,517.00
1 0.00033 936.19 29,88,377.54
29,88,377.54
0.00
14 0.00033 13,806.30 30,02,183.84
28,02,183.84
1,50,537.00
18 0.00033 16,644.97 29,69,365.81
29,69,365.81
1,52,537.00
29 0.00067 57,694.78 31,79,597.59
31,79,597.59
0.00
0 0.00067 0.00 31,79,597.59
31,16,597.59
1,50,017.00
33,08,377.00
20 0.00067 41,762.41 33,08,377.00
0.00 9 0.00067 19,949.51 33,28,326.51 32,69,533.51
0.00 22 0.00067 48,192.92 33,17,726.44 32,54,726.44
2,00,017.00
7 0.00067 15,264.67 34,70,008.10
34,70,008.10
Page 4 of 7

32 29-Mar-2012 FROM CHIVARO
33 5-Apr-2012 FROM CHIVARO
34 11-Apr-2012 TO CHIVARO
35 23-Apr-2012 TO CHIVARO
36 26-Apr-2012 FROM CHIVARO
37 7-May-2012 FROM CHIVARO
38 10-May-2012 TO CHIVARO
39 12-May-2012 FROM CHIVARO
40 5-Jun-2012 TO CHIVARO
41 15-Jun-2012 TO CHIVARO
42
2-Jul-2012
TO CHIVARO
(CASH)
43 12-Jul-2012 TO CHIVARO
44 13-Aug-2012 TO CHIVARO
45 17-Sep-2012 TO CHIVARO
46 10-Oct-2012 FROM CHIVARO
47 17-Nov-2012 TO CHIVARO
48 5-Dec-2012 FROM CHIVARO
49 5-Mar-2013 FROM CHIVARO
50
18-Sep-2013
FROM CHIVARO
51 2-Nov-2013 FROM CHIVARO
52 23-Nov-2013 FROM CHIVARO
53 2-Dec-2013 FROM CHIVARO
54 11-Dec-2013 FROM CHIVARO
55 30-Dec-2013 FROM CHIVARO
56 3-Feb-2014 FROM CHIVARO
57 26-Mar-2014 FROM CHIVARO
58 29-Mar-2014 FROM CHIVARO
59 29-Mar-2014 FROM CHIVARO
60 23-Jun-2014 FROM CHIVARO
61 11-Jul-2014 FROM CHIVARO
62 14-Aug-2014 FROM CHIVARO
63 5-Sep-2014 FROM CHIVARO
64 30-Sep-2014 FROM CHIVARO
65
31-Mar-2015
50,000.00
13,000.00
0.00
0.00
2,00,000.00
1,50,000.00
0.00
1,10,000.00
0.00
0.00
0.00
0.00
0.00
0.00
2,00,000.00
0.00
50,000.00
75,000.00
50,000.00
10,000.00
50,000.00
50,000.00
20,000.00
1,00,000.00
1,00,000.00
2,00,000.00
5,00,000.00
1,75,000.00
30,000.00
20,000.00
50,000.00
1,00,000.00
2,00,000.00
0.00
0.00 21 0.00067 48,823.01 35,18,831.12 34,68,831.12
0.00 7 0.00067 16,268.82 34,85,099.94 34,72,099.94
1,72,017.00 6 0.00067 13,957.84 36,58,074.78 36,58,074.78
2,00,017.00 12 0.00067 29,410.92 38,87,502.70 38,87,502.70
0.00 3 0.00067 7,813.88 38,95,316.58 36,95,316.58
0.00 11 0.00067 27,234.48 37,22,551.06 35,72,551.06
1,37,817.00 3 0.00067 7,180.83 37,17,548.89 37,17,548.89
0.00 2 0.00067 4,981.52 37,22,530.40 36,12,530.40
1,50,017.00 24 0.00067 58,089.49 38,20,636.89 38,20,636.89
1,50,017.00 10 0.00067 25,598.27 39,96,252.16 39,96,252.16
1,50,000.00
17 0.00067 45,517.31 41,91,769.47
41,91,769.47
1,50,011.00 10 0.00067 28,084.86 43,69,865.33 43,69,865.33
1,40,011.00 32 0.00067 93,689.91 46,03,566.24 46,03,566.24
1,40,011.00 35 0.00067 1,07,953.63 48,51,530.87 48,51,530.87
0.00 23 0.00067 74,762.09 49,26,292.96 47,26,292.96
1,40,011.00 38 0.00067 1,20,331.42 49,86,635.38 49,86,635.38
0.00 18 0.00067 60,138.82 50,46,774.20 49,96,774.20
0.00 90 0.001 4,49,709.68 54,46,483.88 53,71,483.88
0.00
10,58,182.3
63,79,666.20
197 0.001
64,29,666.20
2
0.00 45 0.001 2,87,084.98 66,66,751.18 66,56,751.18
0.00 21 0.001 1,39,791.77 67,96,542.96 67,46,542.96
0.00 9 0.001 60,718.89 68,07,261.84 67,57,261.84
0.00 9 0.001 60,815.36 68,18,077.20 67,98,077.20
0.00 19 0.001 1,29,163.47 69,27,240.67 68,27,240.67
0.00 35 0.001 2,38,953.42 70,66,194.09 69,66,194.09
0.00 51 0.001 3,55,275.90 73,21,469.99 71,21,469.99
0.00 3 0.001 21,364.41 71,42,834.40 66,42,834.40
0.00 0 0.001 0.00 66,42,834.40 64,67,834.40
0.00 86 0.001 5,56,233.76 70,24,068.16 69,94,068.16
0.00 18 0.001 1,25,893.23 71,19,961.39 70,99,961.39
0.00 34 0.001 2,41,398.69 73,41,360.07 72,91,360.07
0.00 22 0.001 1,60,409.92 74,51,769.99 73,51,769.99
0.00 25 0.001 1,83,794.25 75,35,564.24 73,35,564.24
0.00
182 0.001
13,35,072.6
9
86,70,636.94
86,70,636.94
TOTAL 31,89,793.00 53,13,645.00
65,46,784.9
4
86,70,636.94 86,70,636.94
Sr.
No.
Date
Description
FROM
CHIVARO
TO CHIVARO
DUE
DAY
S
INT PER
DAY
(Rs)
INT TILL
DATE (Rs.)
TOTAL DUES
(Rs.)
BALANCE
DUES
PAYABLE
(Rs.) (TO
PRM)
Page 5 of 7

Table 2 - SALARY DUES TO PRM (All in Rs.)
Sr. No. Date Description
SALARY
DUE
(Rs.)
PAID
(Rs.)
DUE
DAYS
INT
PER
DAY
(Rs.)
INT TILL
DATE
(Rs.)
TOTAL
DUES
(Rs.)
BALANCE DUES PAYABLE
(Rs.)
(TO PRM)
1 11-May-11
SALARY
1,37,300.00
1,37,300.00
0 0.00033 0.00 1,37,300.00 0.00
2 13-May-11
SALARY
1,37,800.00
1,37,800.00
0 0.00033 0.00 1,37,800.00 0.00
3 13-May-11
SALARY
1,24,980.00
1,24,980.00
0 0.00033 0.00 1,24,980.00 0.00
4 07-Jun-11
SALARY
1,37,800.00
1,37,800.00
0 0.00033 0.00 1,37,800.00 0.00
5 07-Jul-11
SALARY
1,37,800.00
1,37,800.00
0 0.00033 0.00 1,37,800.00 0.00
6 09-Aug-11
SALARY
1,40,000.00
1,40,000.00
0 0.00033 0.00 1,40,000.00 0.00
7 08-Sep-11
SALARY
1,46,133.00
1,46,133.00
0 0.00033 0.00 1,46,133.00 0.00
8 10-Oct-11
SALARY
1,40,000.00
1,40,000.00
0 0.00033 0.00 1,40,000.00 0.00
9 10-Nov-11 SALARY 1,50,500.00 1,50,500.00 0 0.00033 0.00 1,50,500.00 0.00
10 12-Dec-11
SALARY
1,50,520.00
1,50,520.00
0 0.00033 0.00 1,50,520.00 0.00
11 10-Jan-12
SALARY
1,52,520.00
1,52,520.00
0 0.00067 0.00 1,52,520.00 0.00
12 08-Feb-12
SALARY
1,52,500.00
1,52,500.00
0 0.00067 0.00 1,52,500.00 0.00
13 17-Mar-12
SALARY
1,63,133.00
1,63,133.00
0 0.00067 0.00 1,63,133.00 0.00
14 11-Apr-12
SALARY
1,71,133.00
1,71,133.00
0 0.00067 0.00 1,71,133.00 0.00
15 10-May-12
SALARY
1,37,800.00
1,37,800.00
0 0.00067 0.00 1,37,800.00 0.00
16 11-Jun-12
SALARY
1,37,800.00
1,37,800.00
0 0.00067 0.00 1,37,800.00 0.00
17 12-Jul-12
SALARY
1,37,800.00
1,37,800.00
0 0.00067 0.00 1,37,800.00 0.00
18 13-Aug-12
SALARY
1,37,800.00
1,37,800.00
0 0.00067 0.00 1,37,800.00 0.00
19 19-Sep-12
SALARY
1,37,800.00
1,37,800.00
0 0.00067 0.00 1,37,800.00 0.00
20 13-Oct-12
SALARY
1,37,800.00
0.00
0 0.00067 0.00 1,37,800.00 1,37,800.00
21 16-Nov-12
SALARY
1,37,800.00
1,37,800.00
34 0.00067 3,139.08 2,78,739.08 1,40,939.08
22 10-Dec-12
SALARY
1,37,800.00
0.00
24 0.00067 2,266.30 2,81,005.38 2,81,005.38
23 10-Jan-13
SALARY
1,37,800.00
0.00
31 0.001 8,711.17 4,27,516.55 4,27,516.55
24 10-Feb-13
SALARY
1,37,800.00
0.00
31 0.001 13,253.01 5,78,569.56 5,78,569.56
25 10-Mar-13
SALARY
1,37,800.00
0.00
28 0.001 16,199.95 7,32,569.51 7,32,569.51
26 10-Apr-13
SALARY
1,37,800.00
0.00
31 0.001 22,709.65 8,93,079.17 8,93,079.17
27 10-May-13
SALARY
1,37,800.00
0.00
30 0.001 26,792.38 10,57,671.54 10,57,671.54
28 10-Jun-13
SALARY
1,37,800.00
0.00
31 0.001 32,787.82 12,28,259.36 12,28,259.36
29 10-Jul-13
SALARY
1,37,800.00
0.00
30 0.001 36,847.78 14,02,907.14 14,02,907.14
30 10-Aug-13
SALARY
1,37,800.00
0.00
31 0.001 43,490.12 15,84,197.26 15,84,197.26
31 10-Sep-13
SALARY
1,37,800.00
0.00
31 0.001 49,110.12 17,71,107.38 17,71,107.38
32 10-Oct-13
SALARY
1,37,800.00
0.00
30 0.001 53,133.22 19,62,040.60 19,62,040.60
33 10-Nov-13
SALARY
1,37,800.00
0.00
31 0.001 60,823.26 21,60,663.86 21,60,663.86
34 10-Dec-13
SALARY
1,37,800.00
0.00
30 0.001 64,819.92 23,63,283.77 23,63,283.77
Page 6 of 7

35 10-Jan-14
36 10-Feb-14
37 10-Mar-14
38 10-Apr-14
39 10-May-14
40 10-Jun-14
41 10-Jul-14
42 10-Aug-14
43 10-Sep-14
44 10-Oct-14
45 31-Mar-15
SALARY
SALARY
SALARY
SALARY
SALARY
SALARY
SALARY
SALARY
SALARY
SALARY
Till Date
1,37,800.00
0.00
31 0.001 73,261.80 25,74,345.57 25,74,345.57
1,37,800.00
0.00
31 0.001 79,804.71 27,91,950.28 27,91,950.28
1,37,800.00
0.00
28 0.001 78,174.61 30,07,924.89 30,07,924.89
1,37,800.00
0.00
31 0.001 93,245.67 32,38,970.56 32,38,970.56
1,37,800.00
0.00
30 0.001 97,169.12 34,73,939.68 34,73,939.68
1,37,800.00
0.00
31 0.001 1,07,692.13 37,19,431.81 37,19,431.81
1,37,800.00
0.00
30 0.001 1,11,582.95 39,68,814.76 39,68,814.76
1,37,800.00
0.00
31 0.001 1,23,033.26 42,29,648.02 42,29,648.02
1,37,800.00
0.00
31 0.001 1,31,119.09 44,98,567.11 44,98,567.11
1,37,800.00
0.00
30 0.001 1,34,957.01 47,71,324.12 47,71,324.12
0.00 0.00 172 0.001 8,20,667.75 55,91,991.87 55,91,991.87
TOTAL 61,76,119.00 28,68,919.00 22,84,791.87 55,91,991.87
Sr. No. Date Description
SALARY
DUE
(Rs.)
PAID
(Rs.)
DUE
DAYS
INT
PER
DAY
(Rs.)
INT TILL
DATE
(Rs.)
TOTAL
DUES
(Rs.)
BALANCE DUES PAYABLE
(Rs.)
(TO PRM)
Thanks & Regards
P. RAMA MURTHY
785, 17 TH CROSS, 5 TH BLOCK
HMT LAYOUT
VIDYARANYAPURA
BANGALORE – 560097
PH : 9845211296/41160965
Page 7 of 7