1.  Contingent liability not provided for;
 
 - Claims against the Company / Disputed Liabilities, not acknowledged
 as Debt: Rs. 22.53 Lacs (Previous Year: Nil)
 
 - Bank Guarantee provided by Union Bank of India on behalf of Company
 in favor of Bombay Stock Exchange Limited in lieu of Security Deposit
 to Bombay Stock Exchange Limited : Rs. 31.99 Lacs (Previous Year: Nil)
 
 2.  The company has started its operation in computer software in the
 preceding fiscal i.e. F.Y. 2009-10.
 
 3.  Profit / loss from F&O and Non Delivery transactions are accounted
 for on net of brokerage paid.
 
 4.  Advances recoverable in cash or in kind or for value to be received
 in respect of which company is fully secured includes:
 
 a.  Rs. 5,81,91,847/- secured against Immovable Property.
 
 b.  Rs 24,58,21,203/- secured against Shares.
 
 5.  Foreign Currency Transactions:
 
 Outgo in foreign currency: Traveling Expenses: Rs. 1,49,965/- (Previous
 Year: Purchase of BUGGY Rs 493216/- & Traveling Exp. Rs 14550/-)
 
 Earning in Foreign Currency: Export Proceeds -STPI Unit Rs.
 12,635,892/- (Previous year Rs. 5,549,362-)
 
 6.  Balances of the Sundry Debtors, Loans and Advances and Sundry
 Creditors are subject to confirmation and resultant reconciliation, if
 any.
 
 7.  There are no dues to Micro and Small Enterprises as at 31s1 March,
 2011. This information as required to be disclosed under the Micro,
 Small and Medium Enterprises Development Act, 2006 has been determined
 to the extent such parties have been identified on the basis of
 information available with the company.
 
 8.  In accordance with Accounting standard AS -1 8relating to
 Related Party Disclosures, information pertinent to related party
 transaction is given as under:-
 
 Parties Where Control Exists : Nil
 
 Parties with whom transaction have taken place during the year.
 
 A.  Name of the related parties & description of relationship
 
 a) Key Managerial Personnel and 
    their enterprises             Shri. Bharat Shiroya 
                                  (Executive Director)
 
                                  Smt. Annu Agrawal (Director) 
 
                                  Shri Anil Agrawal (Managing Director)
 
                                  Anil Agrawal - HUF
 
                                  (HUF of Mr. Anil Agrawal,
                                  Managing Director) 
 
                                  Shri Jugal Thacker 
                                  (Independent Director) 
 
                                  Shri Janak Mehta 
                                  (Independent Director)
 
                                  Shri Anand Agrawal
                                  (Independent Director)
 
 b) Relative of Key Managerial
    Personnel                     N.A
 
 c) Associates                    Comfort Securities Ltd.
 
                                  Comfort Commotrade Pvt. Ltd.
 
                                  Comfort Capital Pvt. Ltd.
 
                                  Luharuka Investment & 
                                  Consultants Pvt. Ltd.
 
                                  Luharuka Exports Pvt. Ltd.
 
 9. Segment Reporting
 
 A) The accounting policies adopted for segment reporting are in line
 with the accounting policies used in the preparation of financial
 statements.
 
 B) Segment Assets includes all operating assets used by the segment and
 consist primarily of debtors, inventories and fixed assets. Segment
 liabilities include all operating liabilities and consist primarily of
 deposits from customers, creditors and statutory liabilities.
 
 10.  Rights Issue and Utilization of Proceeds:
 
 During the current financial year i.e FY 2010-11, Company has issued
 15,99,69,040 Equity Shares of face value of Re. 1 at an issue price of
 Rs. 4 per Equity Share by way of Rights Issue making total subscribed,
 issued and paid up equity share capital to Rs. 31,99,38,080 /- divided
 into 218,00,35,200 equity shares of Re. 1/- each.
 
 Utilization of Proceeds of Rights Issue:
 
 * Signifies the Payment to Broker against bills as well as for Margin
 requirements.
 
 The Balance fund has been invested in Fixed Deposits, Shares and
 Securities and lying in Bank Accounts.
 
 11. The Previous years figures have been regrouped / rearranged/
 reclassified wherever necessary. Amount sand other disclosures for the
 preceding financial year are included as an integral part of current
 years financial statements.