Compucom Software

1.  Contingent liabilities : Bank Guarantees outstanding -
 Rs.11,22,16,029/- (Previous year Rs. 90,18,000) Counter Guarantee given
 by the company of Rs 11,22,16,029 /- (Previous year Rs. 90,18,000)
 
 2.  Managerial remuneration : A sum of Rs. 8,40,000/- (previous year
 Rs. 8,40,000/-) was paid as remuneration to Managing Director during
 the year ended on March 31,2009. No remuneration was paid to any other
 director during the year ended March 31, 2009, except sitting fees to
 Directors for attending the Board or Committee meetings.
 
 3. Related Party Disclosures
 
 A.  List of Related Parties :
 
 (i) Parties where control exists: Subsidiary Company - ITneer Inc.  
 
 (ii) Other related parties with whom transactions have taken place
 during the year
 
 (a) Associates & Joint Ventures
 
 - Tekmark/CSL International Solutions LLc.
 
 (b) Key Management Personnel
 
 - Mr. Shubh Karan Surana
 
 - Mr. Ajay K. Surana
 
 - Mr. Surendra K. Surana
 
 (c) Enterprises over which the key management personnel exercises
 Significant influence:
 
 - Rishab Infotech Private Limited
 
 - Sambhav Infotech Private Limited
 
 - Compucom Technologies Private Limited
 
 - Compucom Foundation
 
 - Compucom (India) Private Limited
 
 - Compucom Software Limited Employee Welfare Trust
 
 - CSL Infomedia Private Limited
 
 4. Segment reporting : The Company has three reportable segments
 through its three undertakings, Undertaking-A; Software Services and
 solutions, Undertaking-B; Learning Solutions and Undertaking C: Wind
 Power Generation from which it earns revenue and incurs expenses.
 Undertaking-A provides software development and maintenance services.
 Undertaking-B provides Computer education and training services.
 Undertaking C generates Electricity through the use of Wind Power.
 Organizational structure of the company, and also the process of
 performance measurement and making decisions of allocation of resources
 amongst these activities, supports these operations constituting
 distinct segments for reporting of financial information. Accordingly
 revenues and expenses are attributed and allocated to these three
 segments. Secondary segment reporting is performed on the basis of
 geographical location of customers.
 
 The segment accounting policies are the same as those described in the
 summary of significant accounting policies.  Identifiable revenues and
 expenses of each segment are directly attributed to the segment while
 non-identifiable expenses are allocated on the basis of use of
 particular resources in an undertaking. Certain expenses like
 depreciation, public charity, etc. are not specifically allocable to
 any particular segment. Management believes that it is not practicable
 to provide segment disclosures in relation to those expenses. Total of
 such expenses is separately disclosed as unallowable expenses.
 
 Fixed assets and liabilities are not identifiable between business
 segments as these are used interchangeably between them. Management
 believes that it is not practicable to provide segment disclosures of
 total assets and liabilities, except in the Wind Power Project in which
 total capital outlay is Rs.15.68 Crores.
 
 5. The previous years figures have been recast/restated, wherever
 necessary, to conform to the current year classification.  Signatures
 to Schedules A to K above