21.1.1 Contingent liabilities not provided for and Capital commitments
 -
 
                                                  (Rupees in Million)
 
 Particulars                             Current Year    Previous Year
 
 a. Contingent liabilities not 
    provided for
 
    Outstanding guarantees and 
    counter guarantees                      3.38             105.73
 
 b. Claims against the Company 
    not acknowledged as
    debts on Tax matters in 
    dispute under appeal                  440.67             447.66
 
 21.1.2. Security for borrowings
 
 i) Working Capital and Term Loans: Bank finances are secured by
 hypothecation of stocks of software, book debts, document of title to
 goods and collaterally secured by properties; personally guaranteed by
 Whole time Directors and also have additional collateral security by
 way of pledge of promoters share for part amount.
 
 ii) Vehicle Loans: Finance for purchase of vehicles are secured by
 hypothecation of respective vehicles.
 
 iii) There are other borrowings, some of which are personally
 guaranteed by whole time Directors.
 
 21.1.3.  Debtors and Creditors; Loans and Advances
 
 Periodically, the Company evaluates all Debtors and Creditors balances.
 However, some of these are subject to confirmation. All Current Assets,
 Loans and advances, have at least the value as stated in the Balance
 Sheet if realized in the ordinary course of the Business.
 
 21.1.4.  Dues to Small-scale industrial undertakings
 
 i. As at March 31, 2010 and March 31, 2011, the Company has no
 outstanding dues exceeding Rs.1 Lakh for more than 30 days to Small
 Scale Industrial undertaking as ascertained and certified by the
 Management.
 
 ii. There are no micro and small enterprises, to whom the Company owes
 dues, for more than 45 days as at 31st March, 2011. This information as
 required to be disclosed under the Micro, Small & 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.
 
 The Company is in the business of software development and trading
 hence information on Licensed and installed capacity is not applicable.
 
 21.1.5. Obligations towards long term, non-cancelable operating
 leases
 
 The Company has taken various offices, vehicles, computers, furniture
 and equipment under cancel- lable operating leases. These lease
 agreements are normally renewed on expiry.
 
 The rental expenses in respect of operating leases recognized in the
 profit and loss account are Rs.9.32 Million for the year ended March
 31, 2011. (Previous year Rs.23.36 Million).
 
 21.1.6.Research & Development
 
 Research & Development expenditure recognized as expenses during the
 year amounted to Rs.Nil.  (Previous year Rs.NIL)
 
 Note:
 
 Names of related parties and description of relationship
 
 Holding Company Nil
 
 Subsidiaries:
 
 1.  Systat Software Inc., USA
 
 2.  Systat Software Asia Pacific Limited
 
 3.  Cranes Software International Pte. Ltd, Singapore
 
 4.  Systat Software GmbH, Germany
 
 5.  Cranes Software Inc (Earlier known as NISA Software Inc., USA)
 
 6.  Analytix Systems Private Ltd
 
 7.  Tilak Autotech Private Ltd
 
 8.  Caravel Info Systems Pvt. Ltd.,
 
 9.  Proland Software Pvt. Ltd.,
 
 10. Esqube Communication Solutions Pvt. Ltd.,
 
 Step Down Subsidiaries:
 
 1. Dunn Solutions Group Inc.
 
 2. Engineering Technology Associates Inc with its Subsidiary,
 Engineering Technology Associates (Shanghai) Inc., China
 
 3. Cubeware GmbH and its Subsidiaries in Austria and Switzerland
 
 Key Management Personnel Mr.Asif Khader
 
 Mr.Mukkaram Jan Mr.Mueed Khader
 
 Relatives of Key Management Personnel Nil
 
 Other Related Parties
 
 Orca Infotech Private Limited
 
 K&J Holdings Private Limited
 
 K &J Telecom Private Limited
 
 Jansons Land & Property Development Pvt Ltd
 
 SPSS South Asia Private Limited
 
 Keysoft Solutions Private Limited
 
 Spice Capital Fund Private Limited
 
 Sea Equity Private Limited
 
 In respect of the above parties, there is no provision for doubtful
 debts as at the financial year and no amount has been written
 off/written back during the year in respect of debts due from/to them.
 
 21.1.7. Segment Reporting
 
 The Company has identified geographic segments as its primary segment
 and Business segments as its secondary segment.
 
 Primary Segments- a) Exports and b) Domestic
 
 Secondary Segments- a) Proprietary Products and Services and b) Product
 Alliances
 
 21.1.8 Payment of Dividend declared in Members'' meeting held on 29th
 September, 2009
 
 At the meeting of the Members of the Company held on 29th September,
 2009, it was resolved that Dividend on Ordinary Shares at the rate of
 Rs 0.20 per share will be distributed to Members in the rolls as on the
 Record Date, 23rd September, 2009. Owing to the liquidity position of
 the Company, it has not been possible to make this payment. Liability
 of this amount continues to exist as on 31st March, 2011.
 
 21.1.9. Previous year''s figures have been regrouped and reclassified
 wherever necessary.