A) Accounting Convention:
 
 The Financial Statements have been prepared on historical cost
 convention and are in accordance with normally accepted Accounting
 Principles.
 
 B) Income & Expenditure:
 
 Income is accounted for on Accrual Basis, except Dividend and
 Expenditure are accounted on Cash Basis.
 
 C) Fixed Assets & Depreciation:
 
 i) All Fixed Assets are accounted for at cost inclusive of legal and/or
 installation and incidental expenses less depreciation.
 
 ii) Depreciation on all fixed assets have been provided on straight
 line basis as per rates prescribed under Schedule XIV to the Companies
 Act, 1956 except on NSE & OTC membership card where no depreciation has
 been charged.
 
 D) Inventories:
 
 i) Inventories of Programme Software have been stated at cost.
 
 E) Gratuity:
 
 None of the employees have put into the qualifying period of
 eligibility.
 
 F) Miscellaneous Expenditue:
 
 i) Share Issue Expenses & Preliminary Expenses are being written off
 equally over a period of ten years.
 
 ii) Deferred Revenue Expenses, represent amount paid for increase in
 Authorised Capital are being written off equally over a period of five
 years.
 
 g) Investment:
 
 Investment are stated at cost. Some of the shares are not held in
 Companys name.