i) Figures have been rounded off to the nearest rupee.
 
 ii) The books of accounts are drawn up for 12 months form 1st April
 2009 to 31st March 2010 where as previous years figures are for the 12
 months period ending 31st March 2009.
 
 iii) Previous years figures have been regrouped /reclassified wherever
 necessary so as to confirm the current years presentation.
 
 iv) Balances appearing under Secured loans, sundry debtors, loans and
 advances and current liabilities are subject to confirmation and / or
 reconciliation, if any.
 
 vii) Contingent Liabilities          NIL          NIL
 
 viii) Sales Tax:
 
 Sales tax (Including turnover tax) is accounted as per the bills raised
 on the customers, further liability, if any, arising on assessment is
 accounted as and when the department consequent to the assessments
 raises the demand.
 
 ix) Provision for Retirement Benefits: An adhoc Provision of Nil is
 made in respect of Retirement Benefit of Employees pending actuarial
 valuation.
 
 x) Sundry Creditors figure does not include any dues to SSIs
 
 xi) Deferred Tax Liability : has been calculated and accounted for in
 accordance with Accounting Standard 22 on Accounting for Taxes on
 Income issued by the Institute of Chartered Accountants of India. In
 line with SEBI guidelines, the Company has adopted Accounting Standard
 (AS 22) Accounting for Taxes on Income.
 
 xii) Expenditure incurred in Foreign Exchange: (Figures in Rupees)
 
                                31.03.2010              31.03.2009
 
 Software packages                     Nil                     Nil
 
 Capital Goods                         Nil                     Nil
 
 Travel and others                     Nil                     Nil
 
 Foreign Exchange Earnings 
 (FOB Value)                   28,04,65,081            197,793,593
 
 -Export of Software Products and Services
 
 xiii) Quantitative Data: Production and Sale of computer software
 cannot be expressed in generic unit. Hence it is not possible to
 provide information as required under paragraphs 3, 4C and 4 D of part
 II of Schedule VI to the Companies Act, 1956.
 
 xiv) Segment Reporting (in accordance with Accounting Standard 17 of
 ICAI): The Companys operations predominantly relate to providing IT
 services delivered to customers globally operating in various industry
 segments. Accordingly, IT service revenues represented along industry
 classes
 
 comprise the primary basis of segmental information set out in these
 financial statements.  Secondary segmental reporting is performed on
 the basis of the geographical location of customers.
 
 The accounting principles consistently used in the preparation of the
 financial statements are also consistently applied to record income and
 expenditure in individual segments. These are set out in the note on
 significant accounting policies.
 
 Industry segments at the company comprise primarily of Customer
 providing Software services, IT enabled Services, manufacturing
 companies and others.
 
 Income and direct expenses in relation to segments is categorized based
 on items that are individual identifiable to that segment, while the
 remainder of the costs are categorized in relation to the associated
 turnover of the segment. Certain expenses such as depreciation, which
 form a significant component of total expense, are not specifically
 allocable to specific segments as the underlying services are used
 interchangeably. The company believes that it is not practical to
 provide segment disclosures relating to those costs and expenses, and
 accordingly these expenses are separately disclosed as unallocated
 and directly charged against total income.
 
 Fixed assets used in the companys business or liabilities contracted
 have not been identified to any of the reportable segments, as these
 are used interchangeably between segments. Accordingly, no disclosure
 relating to total segment assets and liabilities are made.
 
 Customer relationships are driven based on the location of respective
 client- USA and India.
 
 Geographical revenues are segregated based on the location of the
 customer who is invoiced or in relation to which the revenue is
 applicable.
 
 xvi) Under the Micro, Small and Medium Enterprises Development Act,
 2006 which came into force on October 2, 2006, certain disclosures are
 required to be made relating to Micro, Small and Medium Enterprises.
 The Company is in the process of compiling relevant information from
 its suppliers about their coverage under the Act. Since the relevant
 information is not readily available, no disclosures have been made in
 the Accounts.