1.  Contingent Liabilities not provided for:
 
 Guarantees given by the Company''s bankers on behalf of the Company
 amount to Rs.333 Lacs (P.Y. Rs. 384 Lacs)
 
 2.  The Company has not provided interest of Rs. 138.47 lacs (P.Y. Rs.
 31.33 lacs) and Rs. 104 lacs (P.Y. Rs. 102 lacs) on delay in payment of
 statutory liabilities relating to Tax Deducted at Source and Service
 Tax respectively till June 2010. In view of the above, the accumulated
 losses and loss for the year are understated by 138.47 lacs and 31.33
 lacs respectively and outstanding liabilities are understated by the
 same amount.
 
 3.  The Company has sent written notices to certain debtors and is in
 the process of taking legal action against the same. Further, there are
 some debit and credit balances that are subject to confirmation.
 However, the management is of the opinion that the realizable value of
 the above debtors is not less than the value stated in the Balance
 Sheet and accordingly no provision is considered necessary.
 
 The assessment for A.Y. 2006-07, 2007-08, & 2008-09 have erosion out of
 section 144 assessment and are contested in appeals before the CIT
 (Appeals) and the ITAT.
 
 4.  Employee Benefits
 
 Defined Contribution Plan: Amount recognized as expenses Rs.15.21 Lacs
 for the year ended 31st March, 2009.
 
 Defined Benefit Plan: During the year the company has not contributed
 to Defined Benefit Plan.
 
 5.  Segment Reporting
 
 During the year the Company has operated in only one segment. Hence, in
 the opinion of the management, segment reporting is not considered as
 applicable.
 
 6.  Finance Leases - As Lessee
 
 The Company has taken a server on Finance Lease and disclosures
 required as per AS 19 on Leases issued by the ICAI with regard to the
 above are as under:
 
 7.  Related party disclosures as required by AS-18 Related Party
 Transactions are given as below:
 
 Name Relationship
 
 Key Managerial Personnel
 
 Name Designation
 
 Mr. Siddhartha Srivastava President
 
 Mr Siddhartha Bose Managing Director
 
 8.  In view of current and unabsorbed depreciation and losses, in the
 opinion of the management, no provision for tax is considered
 necessary.
 
 9.  In the opinion of the management, the realizable value of current
 assets including sundry debtors, loan and advances is not less than the
 value at which they are stated in the balance sheet, in the ordinary
 course of business.
 
 10.  The purchase & sale of software & broadcasting rights cannot be
 expressed in generic unit. Hence, it is not possible to give
 quantitative details of the same as required under Para 3 of Part II of
 Schedule VI to the Companies Act, 1956.
 
 11.  Micro, Small and Medium Enterprises Development Act, 2006
 
 The management is currently in the process of identifying enterprises
 which have been provided goods and services to the company which
 qualify under the definition of medium and small enterprises as defined
 under Micro, Small and Medium Enterprises Development Act, 2006.
 Accordingly, the disclosure in respect of the amount payable to such
 Micro, Small, and Medium enterprises as at 31st March 2009 has not been
 made in the financial statements. However, in view of the management,
 the impact of interest, if any, that may be payable in accordance with
 the provisions of the Act is not expected to be material.
 
 12.  Previous year''s figures have been regrouped and / or rearranged
 wherever necessary to conform to current year''s classification.