1. The company has invested in strategic Tangent Corporation a software
 development company which is having expertise in development of
 software related to EMR and SaaS. During the current year investment
 made for acquiring 16% of the total shares of the company.
 
 2.  Segment Information (AS-17)
 
 Company has only one segment of activity namely healthcare Receivable
 Management, therefore segment reporting as defined in AS-17 does not
 apply.
 
 3.  Related Party Transactions:
 
 As per the accounting standards 18 on Related Party Disclosures
 notified under Companies Auditing Standards Rules, 2006, the related
 Parties of the company and nature of relation are as follows:
 
 RELATED PARTY                NATURE OF RELATIONSHIP
 
 C K Sooraj                   Key Management Personnel
 
 Pradeep S Viswambharan       Key Management Personnel
 
 Ravi Sankar                  Key Management Personnel
 
 Thunga Software Pvt Ltd      Subsidiary
 
 Accentia Technologies FZE    Subsidiary
 
 GSR PBS Inc                  Subsidiary
 
 GSR Systems Inc              Subsidiary
 
 Denmed Inc                   Subsidiary
 
 Oak Technologies Inc         Subsidiary
 
 Acentia Education Services 
 Pvt Ltd                      Subsidiary
 
 4. Erstwhile GET, has taken commercial premises under financial lease.
 The Company to recognize the lease as an asset and a liability. This
 has been disclosed pursuant to Accounting Standards 19, Leases
 notified under Companies Auditing Standard Rules , 2006
 
 5.  The company has not received any intimation from the suppliers
 regarding The Micro, Small and Medium Development Act, 2006 (the Act)
 and hence disclosure regarding:
 
 a) Amount due and outstanding to suppliers as at the end of the
 accounting year.
 
 b) Interest paid during the year.
 
 c) Interest payable at the end of the accounting year.
 
 d) Interest accrued and unpaid at the end of accounting year and has
 not been provided.
 
 The Company is making efforts to get the confirmations from the
 suppliers as regards their status under the Act.
 
 6.  Contingent Liability and Capital Commitments not provided for
 
 Particulars                                2010-11       2009-10
 
 Claims against company not acknowledged as 
 debts- Demand raised by Income Tax and 
 Service Tax Authorities                    5,801,866   5,05,45,223
 
 Bank Guarantees                            13,41,076     13,41,076
 
 Capital Commitments in
 respect to capital work in
 progress                                18,25,00,000   4,65,09,000
 
 7.  In the opinion of the Board, the Current Assets, loans and
 Advances have a value on realization in the ordinary course of business
 at least equal to the amount at which they are stated in the financial
 statements and provision made for all known and determined liabilities
 are adequate and not in excess of the amount stated.
 
 8.  General Expenses includes the Directors sitting fees paid Rs.
 30,000/- (Previous year Rs. 30,000/-)
 
 9.  Previous year figures have been regrouped, reclassified and
 rearranged wherever necessary to confirm to this year''s classification.
 Figures with previous year are not comparable due to merging of the
 company during the current year.
 
 10.  Figures are rounded off up to nearest rupee.
 
 11.  Balance sheet Abstract & Companies general business profile as
 required by Part IV Schedule VI to the Companies Act 1956 is enclosed
 in Annexure ''A''.