1.  Contingent Liabilities:
 
                                                           Rs. In Lakhs
 
                                    As At                As At
 
 Particulars                     31. 03. 2011          31. 03. 2010
 
 Counter Guarantees Given 
 To Banks Towards:
 
 -Bank Guarantees Issued           497.97                  71.38
 
 2.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for [Net of advance Rs.15,265.87 lakhs
 (31.03.2010 Rs. 18,322.43 lakhs)] Rs.29,643.67 lakhs (31.03.2010: Rs.
 26,734.64 lakhs )
 
 3.  Share Warrants:
 
 The Company has issued 6,300,000 Convertible Share Warrants of Rs 10
 each at a premium of Rs 222 per warrant belonging to the promoter and
 promoter group and 2,000,000 Compulsory Convertible Warrants of Rs.10
 each at a premium of Rs.152.25 per warrant to non-promoter group during
 February, 2010.These are convertible into equity shares at a later date
 but before expiry of 18 months from the date of issue in one or more
 tranches. As per the terms of issue, the Company has received 25% value
 as advance against the said Compulsory Convertible Warrants aggregating
 to Rs. 4,465.25 Lakhs.
 
 premium payable on redemption of Foreign Currency Convertible Bonds to
 the securities premium account over the life of the bond. Had the
 Company provided the full liability of premium payable on redemption of
 bonds in terms of the provisions of Accounting Standard-29 ''Provisions,
 Contingent Liabilities & Contingent Assets'' in Securities Premium
 Account in the year of issue, the additional liability would have been
 Rs.3,581.92 Lakhs. (31.03.2010 Rs. 5,305.05 Lakhs)
 
 4.  Secured Loans:
 
 i.  Term Loans:
 
 a.  Term loans availed from banks and fnancial institutions are secured
 by:
 
 v Equitable mortgage of the Company''s immovable property at Raj
 Bollaram Village.
 
 v First pari passu charge on all fixed assets, present and future and
 pari passu second charge on
 
 all the current assets both present and future.
 
 v The personal guarantees of certain promoters.
 
 b.  Amounts repayable within twelve months in respect of Term Loans:
 Rs.6,024.01 Lakhs (31.03.2010: Rs. 4,114.25 Lakhs)
 
 ii.  Working Capital Loans:
 
 Working Capital loans availed from banks are secured by:
 
 v First pari-passu charge on all the movable properties both present
 and future including without its limitation its stock in trade, 
 receivables, investments, deposits and other movables.
 
 v First pari passu charge on all the current assets and pari passu
 second charge on all the moveable fixed assets of the Company.
 
 v The personal guarantees of certain promoters.
 
 iii.  Hire Purchase Loans:
 
 a.  Equipment and Vehicle loans from others are secured by
 hypothecation of equipments/vehicles acquired out of the said loans.
 
 b.  Amounts repayable within twelve months in respect of
 equipment/vehicle loans: Rs. 468.95 Lakhs (31.03.2010: Rs 7.52 Lakhs).
 
 5.  Unsecured Loans:
 
 Foreign Currenzcy Convertible Borrowings (FCCB):
 
 The Company raised US$ 25 Million (''FCCB-I'') on 09.06.2007 and US$ 50
 Million (''FCCB-II'') on 04.01.2008 through the issue of zero coupon
 Foreign Currency Convertible Bonds. Bond holders have an option to
 convert each bond of US$ 100000 into shares of Rs. 10/- each at the
 conversion price of Rs.140/- in respect of the FCCB-I and at the
 conversion price of Rs.290/- in respect of FCCB-II. The bonds are
 redeemable with a yield to maturity of 7.25% in case of FCCB-I and
 6.65% in case of FCCB-II. During the year Nil (31.03.2010: 23,78,340)
 shares were allotted out of the FCCB-I consequent to conversion of
 balance Nil Bonds (31.03.2010: 60 bonds) aggregating to US$ Nil
 (31.03.2010 US$ 60 Lakhs). The balance bonds unless converted will be
 redeemed on 4th February, 2013 in respect of FCCB-II [The entire issue
 of 250 bonds relating to FCCB-I aggregating to US$ 250 Lakhs stand
 converted into equity shares as at 31.03.2010]
 
 FCCB-II Price Reset: Pursuant to the terms and conditions of FCCB-II
 Bond issue the conversion price has been reset from Rs.290 to Rs.232 on
 6 July, 2009 and further to Rs.191.25 on 4 January, 2010.
 
 6.  Sales :
 
 Self Developed Software:
 
 Development cost for self developed software''s has been charged to the
 Profit & loss accounts in the earlier years.
 
 7.  Sundry Debtors:
 
 Sundry Debtors (Schedule 8) Considered Good, includes amount
 aggregating to Rs. 36,577.76 Lakhs which have been outstanding for more
 than six months. On account of the economic slowdown and consequent
 recessionary conditions in the global market there have been delays in
 recovery of such amounts and in respect of which necessary applications
 have been fled with the authorised dealers.Given the fact that the
 amounts are recoverable from customers with whom the Company, has a
 long standing relationship, management is confdent of realising the
 amounts due and no provisions are required on these accounts at this
 stage.
 
 8.  Cash & Bank Balances:
 
 a.  Cash on Hand includes Rs. 0.26 lakhs (31.03.2010: Rs.0.40 lakhs)
 held in foreign currency.
 
 9.  Inventories:
 
 Finished goods inventory includes bought out software aggegating to
 Rs.314.13 Lakhs which has remained in stock for over a year. Management
 is confdent of realising a sale value not lower than its current
 carrying cost and consequently, no provision has been made on this
 account.
 
 10.  Related Party Disclosures:
 
 The following are related parties as defned in Accounting Standard
 (AS) 18 - Related Party Disclosures notifed under The Companies
 (Accounting Standards) Rules, 2006.
 
 11.  Segment Reporting
 
 1.  The activities of the Company relate to only one business segment
 i.e. the business of providing
 
 Automatic Identifcation & Data Capture (AIDC) solutions.
 
 i) Discount Rate
 
 The discount rate is based on the prevailing market yield on Indian
 Government Securities as at the balance sheet date for the estimated
 term of the obligations.
 
 ii) Salary Escalation Rate
 
 The estimates of future salary increase considered takes into account
 the infation, seniority and other relevant factors
 
 12.  Current Income Tax:
 
 Current tax represents income tax payable on the book Profits computed
 under Section 115JB of the Income Tax Act, 1961.
 
 13.  The Company''s significant leasing arrangements are in respect of
 operating leases for premises (Offices, equipment''s etc.). The leasing
 arrangements, which are not non-cancellable, range between eleven
 months and five years generally, and are usually renewable by mutual
 consent on agreed terms. The aggregate lease rentals payable are
 charged as rent expense to the Profit and loss account.
 
 14.  The dues to Micro and Small enterprises as defned in The Micro,
 Small & Medium Enterprises Development Act, 2006 (the Act) are
 identifed by the Company based on enquiries with the parties and
 information available with the Company. This has been relied upon by
 the auditors.
 
 15.  The Company was awarded the Aapke Dwar Project in 2009 by the
 Municipal Corproation of Delhi (MCD). The project envisages availment
 of various Government to Citizen (G2C) services. The Company is
 required to install and operate 2,000 kiosks at various location in the
 city to facilitate the above. The Company has also the right to display
 advertisements on the external walls of the kiosks.
 
 As at the balance sheet date 300 kiosks have been constructed and for
 the balance 1,700 kiosks, allotment of clear sites by MCD is awaited.
 Capital Work-in-progress includes the amounts expended on such
 construction which aggregates to Rs. 4,112.58 lakhs. Further amounts
 aggregating to Rs. 14,893.10 lakhs has been advaced for work to be
 carried out.
 
 In view of the unseemly delays in the allocation of sites by the MCD,
 the Company has fled a petition in the High Court of Delhi which has
 initiated the process of arbitration. The Company is confdent of
 arriving at an amicable solution shortly.
 
 16.  Previous year''s figures have been regrouped/ rearranged/reclassified
 wherever necessary to confirm to current year''s presentation.