a) General
 
 The financial statements have been prepared on the Historical Cost
 Convention and in accordance with Generally Accepted Accounting
 Principles in India and complying with the applicable Accounting
 Standards made mandatory by Institute of Chartered Accountant of India.
 
 b) Revenue and Expenditure Recognition
 
 Revenue from sale of software is recognised based on software
 developed, delivered and Invoiced to customer.  Revenue for Service
 Charges is recognised on Invoicing. Expenditure is accounted for on
 accrual.
 
 c) Fixed Assets
 
 Fixed Assets are stated at Cost less Depreciation. Cost includes all
 identifiable expenditure incurred to bring the assets to its present
 condition and location. Any gains or losses on account of exchange
 difference on settlement where they relate to the acquisition of Fixed
 Assets are adjusted to the carrying cost of such assets. Assets
 acquired and not put to use are included under Capital Work in
 Progress.
 
 d) Depreciation
 
 Depreciation on Fixed Assets is provided on Straight-Line Method based
 on useful lives of assets as estimated by the management, except for
 vehicle for which rates prescribed in Schedule XIV, to the Companies
 Act, 1956 has been adopted. Depreciation is charged on a pro-rata basis
 for assets purchased / sold during the year.
 
 Individual assets costing less than Rs. 5000 are depreciated in full in
 the year of purchase The management's estimate of useful lives of
 various fixed assets is given below:
 
 Plant and Machinery                   4 Years
 Furniture and Fittings                4 Years
 Computer Equipments                   2 Years
 Software Rights                       2 Years
 
 e) Investments :
 
 Investments made on a long term basis are valued at cost. Provision, if
 any, is made to recognise a decline other than a temporary decline, in
 the value of long term investment.
 
 f) Inventories
 
 Stocks of Raw material are valued at cost.
 
 g) Foreign Currency Transactions
 
 i) Foreign currency transactions are recorded at the exchange rate
 prevailing on the date of transaction.
 
 ii) Monetary items denominated in foreign currencies are translated at
 the year end rates
 
 iii) Any gains or losses on account of exchange difference other than
 exchange difference relating to acquisition of fixed assets is
 recognised in the Profit and Loss Account.
 
 iv) Exchange difference relating to acquisition of fixed assets is
 adjusted to the cost of those assets.
 
 v) In respect of transactions relating to foreign branches,
 Revenue/Expenses are recorded at the exchange rate prevailing on the
 date of transaction Monetary Assets and liabilities are translated at
 the rate prevailing on the balance sheet date Net gain/Loss on foreign
 currency translation is recognised in the Profit & Loss Account.
 
 h) Retirement Benefits Provident Fund
 
 Contribution to Provident Fund is made as per the provisions of the
 Employees Provident Funds and Miscellaneous Provisions Act, 1952 and
 remitted to Regional Provident Fund Commissioner.
 
 Gratuity
 
 As none of the employees have completed five years of service, there is
 no liability for payment of gratuity and hence no Provision is made.
 Leave Encashment