1. The company has entered into agreement with M/s Welspun Finance
 Limited on 11 th August 2000, for purchase of 119020 shares @ Rs. 82.34
 (Face Value of share is Rs.100) of U. V. Infotech Limited. A Company
 engaged in the business of manufacturing of Kiosks. Accordingly, the
 company has been paid of Rs. 98 Lac to M/s. Welspun Finance Limited.
 
 As the investments were made in the Company to gain strategic view of
 getting access to Kiosk manufacturing which is having synergy with the
 existing business of the Company the same is considered as investment
 in business and not in shares. Hence, any permanent diminution in value
 of shares is not considered for marking down the investment.
 
 2.  In the opinion of the Board of Directors, Current Assets, Loans and
 Advances as stated in the Balance Sheet are realizable at the stated
 value in ordinary course of business.
 
 The above amount is exclusive of gratuity and Leave benefits which are
 provided on the basis of annual premium charged by the LIC on an
 overall basis, subject to the maximum amount as prescribed in income
 Tax rules.
 
 3.  Related Party Relationship & Transactions
 
 There are no related parties as per register maintained u/s 301 of the
 Companies Act. As such disclosures as per Accounting Standard 18 -
 Related Party disclosures issued by the Institute of Chartered
 Accountants of India is not applicable.
 
 4.  Segment Reporting: Primary
 
 The Company has identified two geographic segments based upon its
 operations of Business i.e. at India and Dubai.
 
 Secondary
 
 The company has one business segment only viz, design, development,
 manufacture and maintenance of Digital ATM Surveillance system,
 Information systems, Self Service Terminals and related subsystems
 
 5.  Earning Per Share:
 
 The Basic Earnings Per Share have been computed by dividing the Net
 Profit After Tax for the year by the Weighted Average Number of Equity
 Shares outstanding during the year; whereas the Diluted Earnings Per
 Share is not separately considered as Equity Warrants outstanding as on
 31st March, 2011 are refunded before the signing of Audit Report. The
 relevant details as described above are as follows:
 
 Trinetra Project:
 
 During F.Y. 2007-08 it was decided to amortize Development Expenses and
 Expenses relating to Trinetra Project aggregating to Rs. 30,50,427 over
 a period of two years commencing from 1st January 2008. Accordingly an
 amount of Rs. Nil has been written off during the year under review.
 
 6. Employee Benefits:
 
 a.  Contribution to Gratuity Funds:
 
 Gratuity is payable to employees as per Payment of Gratuity Act. Leave
 encashment is payable to eligible employees who have earned leaves,
 during the employment and/or on separation as per the company''s policy.
 The company has funded the Gratuity liability with Group Gratuity
 Scheme of Life Insurance Corporation of India Ltd. The Leave encashment
 liability is not funded with any approved investing authority.
 
 Valuations in respect of Gratuity and Leave Encashment have been
 carried out by LIC, as at the Balance Sheet date, based The company has
 taken Gratuity Valuation from LIC on the basis of Rs.  of Rs. 10 Lac
 limit as per new notification.  According to accounting standard - 15
 Employee Benefit the company needs to carry out the Gratuity and
 Leave valuation from Independent Actuary once in three years, however,
 the same has not been done by the company in last three years.
 
 7. Dues to Micro, Small & Medium Enterprises:
 
 Information pursuant to Section 22 of The Micro, Small and Medium
 Enterprises Development Act, 2006 is not ascertained.
 
 Balances of Sundry Creditors, Sundry debtors, Loans & advances are
 subject to confirmation and reconciliation.