| a) The accounts have been prepared using historical cost convention and
on the basis of a going concern with revenue recognized and expenses
accounted on accrual, including for committed obligation insurance and
other claims and accounted for as and when admitted by the appropriate
authorities.
b) Some of the debit/credit balances, balance due to/from banks,
advances, debtors, creditors are pending confirmation/reconciliation.
c) Research & Development:
Revenue expenditure on research and development is charged off in the
year during which it is incurred. Fixed Assets purchased for research
& development purposes are capitalized and depreciated as per the
company's policy.
d) Foreign Exchange Transactions:
i) All foreign currency revenue transactions are accounted on the basis
of previous month and exchange rate.
ii) Expenditure in foreign currency is accounted at the conversion rate
prevalent when such expenditure is incurred.
e) Contingent Liabilities:
Current Year - Nil. Previous Year - Nil.
f) Quantitative details: Current Year Previous Year
(Rs. in Lakhs) (Rs. In Lakhs)
i) Licenced Capacity N.A. N.A.
ii) Installed Capacity N.A. N.A.
iii) Sales & Services
business software & others 53.61 38.95
iv) Computer software N.A. N.A.
The nature of products dealt with and the nature of services provided
by the company are not capable of being expressed in generic units.
Hence, it is not possible to give the quantitative details and
information required under paragraph 3, 4(c), 4(d) of Part II of the
Schedule VI of the Companies Act, 1956.
g) Expenditure in foreign currency Current Year Previous Year
(Rs. in Lakhs) (Rs. in Lakhs)
Foreign Travel Nil Nil
h) Earnings in foreign currency
Software development services
and products (exports) Nil Nil
i) Remuneration to Auditors
Statutory Audit Rs. 2,500 Rs. 7,500
Tax Audit Rs. 2,500 Nil
Other Matters Nil Rs. 2,500
j) Others.
i) Previous year's figures have been shown regrouped/rearranged,
wherever considered necessary.
ii) All figures are rounded off to nearest rupee.
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