SRS Limited (RHP) - Karvy

SRS LimitedUSE OF FINANCIAL, INDUSTRY AND MARKET DATAAND CURRENCY OF PRESENTATIONFinancial DataUnless indicated otherwise, the financial data in this Red Herring Prospectus is derived from the auditedfinancial information for the financial year ending on March 31, 2011, 2010, 2009, 2008 and 2007prepared in accordance with the Generally Accepted Accounting Principles in India (“Indian GAAP”) andthe Companies Act, 1956, as amended (“Companies Act”) and restated in accordance with the ICDRRegulations.The financial year commences on April 1 and ends on March 31, so all references to a particular financialyear are to the twelve-month period ended March 31 of that year. In this Red Herring Prospectus, anydiscrepancies in any table between the total and the sums of the amounts listed are due to rounding off.The financial information prepared in accordance with Indian GAAP and restated in accordance with theICDR Regulations, included in this Red Herring Prospectus will provide meaningful information is entirelydependent on the reader‘s level of familiarity with Indian accounting practices, Indian GAAP, theCompanies Act and the ICDR Regulations. Any reliance by persons not familiar with Indian accountingpractices, Indian GAAP, the Companies Act and the ICDR Regulations on the financial disclosurespresented in this Red Herring Prospectus should accordingly be limited.Industry and Market DataUnless stated otherwise, industry data and the market data used throughout this Red Herring Prospectushave been obtained from industry publications, websites and a report issued by CRISIL hereinafter referredas the CRISIL Report. Industry publications generally state that the information contained in thosepublications has been obtained from sources believed to be reliable but that their accuracy andcompleteness are not guaranteed and their reliability cannot be assured. Although, the Company believesthat industry data used in this Red Herring Prospectus is reliable, it has not been independently verified.The extent to which the market and industry data used in this Red Herring Prospectus is meaningfuldepends on the readers familiarity with the understanding of the methodologies used in compiling suchdata. There are no standard valuation methodologies or accounting policies in the said industry in India andmethodologies and assumptions may vary widely among different industry sources.Currency InformationAll references to “Rupees” or “Rs.” or “INR” are to Indian Rupees, the official currency of the Republic ofIndia. All references to “$”, “US$”, “USD”, “U.S.$”, “U.S. Dollar(s)” or “US Dollar(s)” are to UnitedStates Dollars, the official currency of the United States of America.x