a.  Basis of preparation of the Financial Statements
 
 The accompanying Financial Statements are prepared and presented under
 the Historical Cost Convention, on the accrual basis of accounting and
 comply with the Accounting Standards prescribed by the Companies
 (Accounting Standards) Rules, 2006 and the relevant provisions of the
 Companies Act, 1956 to the extent applicable. The Financial Statements
 are presented in Indian Rupees.
 
 All assets and liabilities have been classified as current or
 non-current as per the Company''s normal operating cycle and other
 criteria set out in Schedule VI to the Companies Act, 1956.
 
 b.  Use of Estimates
 
 The preparation of the Financial Statements in conformity with the
 Generally Accepted Accounting Principles requires the management to
 make estimates and assumptions that affect the reported amount of
 Assets, Liabilities (including Contingent Liabilities) as of the date
 of the Financial Statements and the reported Revenues and Expenses
 during the reporting period.  Actual results could differ from the
 estimates. Any revision to accounting estimates is recognized
 prospectively in current and future periods.
 
 c.  Revenue Recognition
 
 i.  Revenue from Consulting business is primarily derived from
 Resourcing services, Technical Support Service, Licensing of Software
 and Business Support Services. Revenues from fixed price and fixed time
 frame contracts / arrangements are recognized when the services have
 been rendered in accordance with the contracts / arrangements and there
 is no uncertainty as to the measurement or collectability of the
 consideration. Where there is uncertainty as to measurement or
 collectability, Revenue Recognition is postponed until such uncertainty
 is resolved.
 
 ii.  Interest on Fixed Deposits and Interest on Advances are accounted
 on accrual basis.  In case of Doubtful Loans, the Interest is
 recognized on actual receipt.
 
 iii. Dividend Income is recognized when the Company''s right to receive
 the dividend is recognized.
 
 iv.  Other receipts are accounted when it is received.
 
 d.  Expenditure
 
 Expenses are accounted on accrual basis. As a matter of prudence,
 provisions are made for all known losses and liabilities.
 
 e.  Fixed Assets
 
 Fixed Assets are stated at cost less accumulated depreciation. The cost
 of the Fixed Assets comprises purchase price and any attributable cost
 of bringing the asset to its working condition for its intended use.
 
 f.  Intangible Assets
 
 Intangible Assets are recorded at the Consideration paid for
 acquisition of such assets and are carried at cost less accumulated
 amortization and impairment, if any.
 
 g.  Depreciation and Amortization
 
 Depreciation on fixed assets is provided on Straight-Line basis from
 the date the assets have been installed and put to use. In respect of
 Assets sold, depreciation is provided upto the date of disposal.
 Depreciation is charged at the rates prescribed in Schedule XIV to the
 Companies Act, 1956.
 
 All Fixed Assets individually costing less than Rs. 5,000 are fully
 depreciated in the year of purchase.
 
 Intangible asset is amortized over its useful life (5 years) on
 straight-line basis, commencing from the date when the asset is put to
 use by the Company.
 
 h.  Investments
 
 Long term investments are carried at cost less diminution, other than
 any temporary diminution in value, determined separately for each
 investment.  Current investments are carried at lower of cost or Net
 Realizable value.
 
 i.  Foreign Currency Transactions
 
 Foreign Currency Transactions are recorded at the rates of exchange
 prevailing on the date of the transaction. Exchange differences, if
 any, arising out of transactions settled during the year are recognized
 in the Profit and Loss Account.  Monetary Assets and Liabilities
 denominated in Foreign Currencies as at the Balance Sheet date are
 translated at the closing Exchange Rates on that date. The exchange
 differences, if any, are recognized in the Profit and Loss Account and
 related Assets and Liabilities are accordingly restated in the Balance
 Sheet.
 
 j. Employee Benefits
 
 i.  All Short Term Employee Benefits payable including Salaries and
 other allowances are recognized on accrual basis, in the manner
 provided in AS - 15.
 
 ii.  The Company contributes to a Recognized Provident Fund and
 Employee State Insurance, which are defined contribution schemes. The
 contributions are accounted for on an accrual basis and recognised in
 the Profit and Loss Account.
 
 iii. No provision has been made for leave encashment benefit for the
 period as the terms of employment does not provide for such obligation
 on the Company.
 
 iv.  Gratuity cost is accrued based on actuarial valuation, carried out
 by an independent actuary as at the balance sheet date using the
 projected unit credit method and provision is made in the books. The
 Company has not made any insurance contribution in respect of its
 gratuity liability.
 
 k. Taxation
 
 The accounting treatment for Income Tax in respect of Company''s income
 is based on the Accounting Standard 22 on ''Accounting for Taxes on
 Income'' issued by the Institute of Chartered Accountants of India.
 
 Income Tax : Provision for current Income Tax is made on the Taxable
 Income for the year as is determined in accordance with the provisions
 of the Income Tax Act, 1961.
 
 Advance taxes and provisions for current income taxes are presented in
 the balance sheet after off-setting advance tax paid and income tax
 provision arising in the same tax jurisdiction and where the Company
 intends to settle the asset and liability on a net basis.
 
 Deferred Tax : Deferred Tax Assets and Liabilities are recognized at
 substantively enacted Tax Rates, subject to the consideration of
 prudence, on timing difference, being the difference between taxable
 income and accounting income that originate in one period and are
 capable of reversal in one or more subsequent periods.
 
 The company off-sets deferred tax assets and deferred tax liabilities
 if it has a legally enforceable right and these relate to taxes on
 income levied by the same governing taxation laws.
 
 l.  Earnings Per Share (EPS)
 
 The Company reports Basic and Diluted Earnings Per Share in accordance
 with Accounting Standard 20 - Earnings Per Share prescribed by the
 Companies (Accounting Standards) Rules, 2006. Basic Earnings per Share
 is computed by dividing the Net Profit After Tax by the weighted
 average number of Equity Shares outstanding during the year. The
 Company does not have any outstanding securities convertible into
 Equity Shares of the Company and hence there is no dilution in the
 Earnings per Share.
 
 m. Provisions and Contingencies
 
 The Company creates a provision when there is present or legal
 constructive obligations as a result of past events, that probably
 requires an outflow of resources and a reliable estimate can be made of
 the amount of the obligation. A disclosure for a contingent liability
 is made when there is a possible obligation or a present obligation
 that may, but probably will not, require an outflow of resources.
 
 When there is a possible obligation or a present obligation in respect
 of which the likelihood of outflow of resources is remote, no provision
 or disclosure is made.
 
 Provisions are reviewed at each Balance Sheet date and adjusted to
 reflect the current best estimate. If it is no longer probable that the
 outflow of resources would be required to settle the obligation, the
 provision is reversed.
 
 Contingent assets are not recognized in the Financial Statements since
 this may result in the recognition of income that may never be
 realized.
 
 n. Cash Flows
 
 Cash Flows are reported using the indirect method, whereby Profit
 Before Tax is adjusted for the effects of transactions of a non-cash
 nature and any deferrals or accruals of past or future cash receipts or
 payments. The Cash Flows from regular revenue generating, financing and
 investing activities of the Company are segregated.