a.  Basis of Preparation:
 
 The financial statements of the company have been prepared in
 accordance with generally accepted accounting principles in India
 (Indian GAAP). The company has prepared these financial statements to
 comply in all material respects with the accounting standards notified
 under the Companies ( Accounting Standards) Rules, 2006, (as amended)
 and the relevant provisions of the Companies Act, 1956. The financial
 statements have been prepared on an accrual basis and under the
 historical cost convention.
 
 The accounting policies adopted in the preparation of financial
 statements are consistent with those of previous year, except for the
 change in accounting policy explained below.
 
 b.  Presentation and disclosure of financial statements:
 
 During the year ended 31 March 2102, the revised Schedule VI notified
 under the Companies Act, 1956 has become applicable to the company, for
 preparation and presentation of its statements. The adoption of revised
 Schedule VI does not impact recognition and measurement principles
 followed for preparation of financial statements. However, it has
 significant impact on presentation and disclosures made in the
 financial statements. The company has also reclassified the previous
 year figures in accordance with the requirements applicable in the
 current year.
 
 c.  Use of Estimates:
 
 The preparation of financial statements in conformity with the Indian
 GAAP requires the management to make judgments, estimates and
 assumptions that affect the reported amounts of revenues, expenses,
 assets and liabilities and the disclosure of contingent liabilities, at
 the end of the reporting period. Although these estimates are based on
 management''s best knowledge of current events and actions,
 uncertainty about these assumptions and estimates could result in the
 outcomes requiring adjustment to the carrying amounts of assets or
 liabilities in future periods.
 
 d.  Tangible Fixed Assets:
 
 Fixed Assets are stated at cost, net of accumulated depreciation and
 accumulated impair- ment losses, if any. The cost comprises of purchase
 price, borrowing costs if capitalization criteria are met and directly
 attributable cost of bringing the asset to its working condition for
 the intended use. Any trade discounts and rebates are deducted in
 arriving at the purchase price.
 
 Subsequent expenditures related to an item of fixed asset is added to
 its book value only if it increase the future benefits from the
 existing asset beyond its previously assessed standard of performance:
 All other expenses on existing fixed assets, including day-to-day
 repair and maintenance expenditure and cost of replacing parts, are
 charged to the statement of profit and loss for the period during which
 such expenses are incurred.
 
 e.  Depreciation on tangible fixed assets:
 
 Depreciation on fixed assets is calculated on a Straight Line basis
 using the rates prescribed under the Schedule XIV of the Companies Act
 1956. The company has used the following rates to provide depreciation
 on its fixed assets.
 
 f.  Lease:
 
 Where the company is Lessee
 
 Finance Leases, which effectively transfer to the company substantially
 all the risks and benefits incidental to ownership of the leased item,
 are capitalized at the inception of the lease term at the lower of the
 fair value of the leased property and present value of minimum lease
 payments. Lease payments are apportioned between the finance charges
 and reduction of lease liability, so as to achieve constant rate of
 interest of the remaining balance of the liability. Finance charges
 recognized as finance cost in the statement of profit and Loss.  Lease
 management fees , Legal charges, and other initial direct costs of
 lease are capitalized.
 
 A leased asset is depreciated on a straight line basis at the rates
 prescribed in Schedule XIV of The Companies Act, 1956.
 
 Leases, where the less or effectively retains substantially all the
 risks and benefits f owner- ship of the leased item, are classified as
 operating leases. Operating lease payments are recognized as an expense
 in the statement of Profit and Loss on a straight line basis over the
 lease term.  .
 
 g.  Borrowing costs:
 
 Borrowing cost includes interest, amortization of ancillary costs
 incurred in connection with the arrangement of borrowing and exchange
 differences arising from foreign currency bor- rowing to the extent
 they are regards as an adjustment to the interest cost.
 
 Borrowing costs directly attributable to the acquisition, construction
 or production of an asset that necessarily takes a substantial period
 of time to get ready for its intended use or sale are capitalized as
 part of the cost of the respective asset. All other borrowing costs are
 expensed in the period they occur.
 
 h.  Revenue Recognition:
 
 Revenue is recognized to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue can be
 reliably measured. The following specific recognition criteria must
 also be met before revenue is recognized.
 
 Sale of Goods:
 
 Revenue from sale of goods is recognized when the significant risk and
 rewards of ownership of goods have passed to the buyer, usually on
 delivery of the goods. The company collects sales taxes and value added
 taxes (VAT) on behalf of the Government and therefore, theses are not
 economic benefits flowing to the company. Hence, they are excluded from
 revenue.
 
 Income from Service:
 
 Revenues from Product Support Services are recognized once the service
 is provided and the invoice is raised. The company collects service tax
 on behalf of the government and, therefore, it is not an economic
 benefit flowing to the company. Hence, it is excluded from revenue.
 
 Interest:
 
 Interest income is recognized on a time proportion basis taking into
 the amount outstanding and the applicable interest rate. Interest
 income is included under the head other income in the statement of
 profit and loss.
 
 i.  Foreign Currency Transaction:
 
 Foreign currency transactions and balances.
 
 Foreign currency transactions are recorded at the exchange rate
 prevailing on the date of transactions. In certain cases foreign
 currency transactions are recorded at a fixed exchange rate. All
 exchange rate differences in respect of foreign currency transactions
 are dealt with in statement of Profit & Loss. All foreign currency
 assets and liabilities, if any as at the balance sheet date are
 restated at the closing rate or the forward contract rate wherever
 applicable.
 
 j. Investments:
 
 Investments which are intended to be held for not more than one year
 from the reporting date are classified as Current Investments.
 
 Current Investments are carried in the Financials statements at lower
 of cost or fair value determined on an individual investments basis.
 
 Long Term Investments are stated at cost. Provision for diminution in
 value of Long term Investments is made if only such a decline is other
 than temporary.
 
 The Company had invested in 8000 Equity shares of Audit E-Commerce
 Pvt.Ltd.in the Financial year 2009-10 at a price of Rs.26.32 Lacs. As
 a result of this acquisition, Audit E-Commerce Pvt. Ltd. became a
 subsidiary of the company and accordingly, this amount was stated under
 the head Non-Current Investments in subsidiary companies in the balance
 sheet as at 31.3.2011. Audit E-Commerce Pvt Ltd. has incurred
 substantial losses and its net worth as per the books has been eroded.
 However, the company has not made a provision for diminution in value
 of this investment as it is expecting to recover its investment by safe
 of Intangible Assets in the form of Intellectual Property Rights, which
 are owned by Audit E- Commerce Pvt.  Ltd. Accordingly, the investment
 has been reclassified under the head Current Investments in Subsidiary
 companies in the current balance sheet.
 
 k. Inventories:
 
 (i) Stock of goods traded is valued at lower of cost and net realizable
 value. The costs are determined on a weighted average basis.
 
 (ii) Saleable scrap is accounted for as and when sold.
 
 I. Retirement and other employee benefits:
 
 Retirement benefit in the form of provident fund is a defined
 contribution scheme. The contributions to the provident fund are
 charged to the statement of profit and loss for the years when the
 contributions are due.
 
 The company has no obligation, other than the contribution payable to
 the provident fund.
 
 The Gratuity is accounted for on the basis of Actuarial valuation,
 based on premium calculated by LIC under its Group Gratuity (Cash
 Accumulation) Scheme.
 
 m. Income Taxes:
 
 Tax expenses comprises of current and deferred tax. Current income-tax
 is measured at the amount expected to be paid to the tax authorities in
 accordance with the Income-tax Act, 1961. The tax rates and tax laws
 used to compute the amounts are those that are enacted or substantively
 enacted, at the reporting date. Current income tax relating to items
 recognized directly in equity is recognized in equity and not in the
 statement of profit and loss.
 
 Deferred income taxes reflect the impact of timing differences between
 taxable income and accounting income originating during the current
 year and reversal of timing differences for the earlier years. Deferred
 tax is measured using the tax rates and the tax laws enacted or
 substantively enacted, at the reporting date. Deferred income tax
 relating to items recognized directly in equity is recognized in equity
 and not in the statement of profit and loss.
 
 Deferred tax liabilities are recognized for all taxable timing
 differences. Deferred tax assets are recognized for deductible timing
 differences only to the extent that there is reasonable certainty that
 sufficient future taxable income will be available against which such
 deferred tax assets can be realized. In situations where The company
 has unabsorbed depreciation or carry forward tax losses, all deferred
 tax assets are recognized only if there is virtual certainty supported
 by convincing evidence that they can be realized against future taxable
 profits.
 
 At each reporting date, the company re-assesses unrecognized deferred
 tax assets. It recognizes unrecognized deferred tax asset to the
 extent that it has become reasonably certain or virtual certain, as the
 case may be, that sufficient future taxable income will be available
 against which such deferred tax assets can be realized.
 
 Carrying amount of deferred tax assets are reviewed at each reporting
 date. The Company writes down the carrying amount of deferred tax
 assets to the extent that it is no longer reasonably certain or virtual
 certain, as the case may be, that sufficient future taxable income will
 be available against which such deferred tax assets can be realized.
 Any such write down is reversed to the extent that it becomes
 reasonably certain or virtual certain, as the case may be, that
 sufficient future taxable income will be available.
 
 Deferred tax assets and deferred tax liabilities are offset, if a
 legally enforceable right exists to set-off current tax assets against
 current liabilities and deferred tax assets and deferred taxes relate
 to the same taxable entity.
 
 Minimum alternate tax (MAT) paid in a year is charged to the statement
 of profit and loss as current tax. The company recognizes MAT credit
 available as an asset only to the extent that there is convincing
 evidence that the company will pay normal income tax during the speci-
 field period i.e. the period for the MAT credit is allowed to be carried
 forward. In the year in which the company recognizes MAT credit as an
 asset in accordance with the Guidance Note on Accounting for Credit
 Available in respect of Minimum Alternative Tax under the Income- tax
 Act, 1961, the said asset is created by way of credit to the statement
 of profit and loss and shown as MAT credit entitlement. The company
 reviews the MAT credit entitlement asset at each reporting date and
 writes down the asset to the extent the company does not have
 convincing evidence that it will pay normal tax during the specified
 period.
 
 n. Cash and cash equivalents:
 
 Cash and cash equivalents for the purpose of cash flow statement
 comprise cash at bank and in hand and short term investments and
 deposits with an original maturity of three months or less.
 
 o. Impairment:
 
 The carrying amounts of assets are reviewed at each Balance Sheet date
 if there is any indication of impairment based on internal/external
 factors. An impairment loss will be recognized wherever the carrying
 amount of an asset exceeds its estimated recoverable amount.  The
 recoverable amount is greater of the asset''s net selling price and
 value in use. In assessing the value in use, the estimated future
 cash flows are discounted to the present value at the weighted average
 cost of capital. Previously recognized impairment loss if any is
 further provided or reversed depending on changes in circumstances.
 
 Confirmation from Debtors and Creditors are in the process of being
 obtained as yet.
 
 There are no Micro, Small and Medium Enterprises, as defined in the
 Micro, Small and Medium Enterprises Development Act, 2006 to whom the
 company owes dues on account of principal amount together with interest
 and accordingly no additional disclosures have been made.
 
 The above information regarding Micro, Small and Medium Enterprises has
 been determined to the extent such parties have been identified on the
 basis of information available with the Company. This has been relied
 upon by the auditors.
 
 Valuation of Imports calculated on C.I.F. basis for One Year period
 ended 31st March 2012 is RS.31244.10 Lacs (Previous year Rs. 50637.85
 Lacs).
 
 Segment reporting:
 
 The Company is in the business of Distribution of Computer parts and
 peripherals in India having similar risks and rewards and therefore
 there is only one geographical and business segment.
 
 Earnings Per Share.
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders (after
 deducting preference dividends and attributable taxes) by the weighted
 average number of equity share outstanding during the period.
 
 For the purpose of calculating Diluted Earnings per share, the net
 profit or loss for the period attributable to equity share holders and
 the weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilutive potential equity shares.
 
 Measurement of EBITDA:
 
 As permitted by the Guidance Note on the revised Schedule VI to the
 companies Act, 1956, the company has elected to present earnings before
 interest, tax, depreciation and amortization (EBITDA) as a separate
 line item on the face of the statement of profit and loss. The company
 measures EBITDA on the basis of profits/ loss from the continuing
 operations. In its measurement, the company does not include
 depreciation and amortization expenses, finance cost and tax
 expenses.