Allied Computers International (Asia) Limited, (beari ng CIN no.: L72900MH2002PLC135829), to promote notebook specialist Brand " ACi "The Registered office and Corporate office of the Company is located at Shop No. 104, Citi Mall, New Link Road, Andheri - West, Mumbai - 400 053. The corporate office houses sophisticated and most advanced sales, marketing and service/repairs facilities. The service facility facilitates service and repairs of any brand of laptops received within Mumbai and its Shares are listed on Bombay stock exchange, Mumbai.

(a) Shares allotted as fully paid up by way of bonus shares (during 5 years preceding March 31, 2015)

The Company have not allotted bonus shares during the 5 preceding financial year by the capitalization of Securities Premium and Reserves.

(b) Convertible Equity Warrants Issued under Option :

During the year 80000000 nos (Eight Crores) Convertible Equity Warrants of Rs. 10/- per warrant issued (previous year Nil). Out of this 70750000 (Seven Crores Seven Lacs Fifty Thousand) warrants have been subscribed by paying 25% of exercise price (previous year Nil). 70750000 Convertible Equity Warrants outstanding at the end of the year.

(c) Terms/Rights attached to equity shares and Convertible Equity Warrants :

Equity Shares

i) The Company has only one class of Equity Shares having a par value of ' 1 each. Each Shareholder is eligible one vote per share. Any Shareholder whose name is entered in the Register of Members of the Company shall enjoy the same rights and be subject to the same liabilities as all other shareholders.

ii) The dividend, if any, proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend.

iii) In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Equity Warrants

i) The holder of warrants shall have a right to apply for one Equity share of the face value of Rs. 10/- at a price of Rs. 10/- per Equity share on or before the expiry of 18 months from the date of allotment (i.e.) 26th April, 2014 in one or more tranches.

ii) An amount equivalent to 25% of the exercise price of the Equity Shares arising out of the Warrants shall be payable at the time of making the application for Warrants, which will be kept by the Company as a deposit to be adjusted and appropriated against the price of the Equity Shares payable by the Warrants Holder at the time of exercising the option.

iii) The said Warrants shall be converted within a period not exceeding 18 Months from the date of Allotments of Warrants in one or more trenches, in accordance with the SEBI Guidelines and other relevant guidelines as may be prevailing at the time of allotment of Shares.

iv) In the event if the Warrant Holder does not exercise the option of conversion with 18 months from the date of allotment of Warrants, the Warrants shall lapse and the deposit of 25% as indicated in point (ii) above shall be forfeited by the Company.

v) The issue of the Warrants as well as the Equity Shares, arising from the exercise of the option under the Warrants in the manner aforesaid shall be governed by the respective provisions of the Companies Act, 1956, the Memorandum & Articles of Association of the Company and also the Guidelines / Regulations issued by SEBI or any other authority as the case may be, or any modification thereof.

vi) The Warrants Holders shall be entitled to any future Bonus Issue(s) of Equity Shares or any other security(ies), in the same proportion and manner as any other shareholder of the Company. This entitlement is however subject to the exercise of the option by the Warrant Holder(s) to convert the warrants into Equity Shares within the time limit specified in (iii) above.

vii) The Equity Share allotted on conversion of Warrants shall rank pari - passu in all respects including dividend with the existing fully paid up Equity Share of the Company and shall be subject to lock-in requirements as per the provision of Chapter VII of the SEBI Regulations.

2. Research & Development Expenses

The expenditure on Research & Development is not sepa-rately ascertainable as the same has been included under various heads of expenditure in the Profit & Loss Account.

3. Segment Reporting:

Considering the organization structure, nature of products & risk and return profile based on geographical distribution, the formulation business is considered as a Single Segment.

4. Related Party Disclosure

A) Related Parties and their relationship Key Managerial Personnel

a.  Hirji Kanji Patel                  Managing Director

b.  Nilesh Shivram Mestry              Director

c.  Mohit Tyagi                        Director (resigned on 20/12/2014)

d.  Rakesh Ganesh Naik                 Additional Director

5. Balances in the accounts of debtors, creditors and contracts and contractors, certain Bank Accounts are taken subject to confirmation and reconciliation and only upon such confirmation and reconciliation, the entries for discounts, claims and writing off sundry balances etc. will be recorded in the books.

6. In the absence of detailed information from Small Scale and Ancillary Undertaking, included under the head Sundry Creditors dues there from are not ascertained as on the date of Balance Sheet.

7. Previous year's figures have been regrouped / rearranged wherever deemed necessary.