A. The Company has issued one class of equity shares having a face
 value  Rs.10 per share. Each shareholder has right to vote in respect
 of such share, on every resolution placed before the Company and his
 voting night on a port shall be in proportion to his share of the paid
 -up equity capital of the Company. In the event of liquidation, the
 equity shareholders are entitled to receive the remaining assets of the
 Company after payments to secured and unsecured creditors, in
 proportion to their shareholding.
 
 a.  Loan from a Body Corporate - India InfoKne Finance Ltd. is secured
 by way of lien marking on the units of Venture Capital Funds, further
 secured by way of mortgage of Properties of the Director and an
 Associate Body Corporate and personal guarantee of the Managing
 Director.
 
 b.  There are no defaults in repayment of loan.
 
 1.  Contingent liability and Commitments :
 
 a.  Disputed Income Tax Matters amounting to Rs.NIL (Previous Year -
 7,994,061)
 
 b.  Interest / Penalties as may be levied in the matter of various
 statutes / Rules / Directions - Amount not ascertainable.
 
 2.  Capital Commitment in respect of uncalled liability:
 
                                     Current Year   Previous Year 
 
 i) India Growth Fund                8,356,422        8,750,000
 
 ii) Kotak India Venture Fund-1      60,48,960       15,000,000
 
 
 3.  In view of loss during the year, no amount has been transferred to
 Special Reserve.
 
 4.  The accounts of Trade Payables are subject to confirmations,
 reconciliations, and adjustments, if any, having consequential impact
 on the loss for the year, assets and liabilities, the amounts whereof
 are presently not ascertainable. However, the management does not
 expect any material difference affecting the current year''s financial
 statements.
 
 5.  The Company has made provision for leave entitlement and gratuity
 as per its Accounting Policies as stated in Para 9 above which is in
 variance with AS-15 - Employee Benefits prescribed by the
 Companies (Accounting Standards) Rules, 2006.  However, the same does
 not have material impact on the financial statements of the Company.
 
 6.  In the opinion of the Board, the assets other than fixed assets and
 non-current investments have a value on realisation in ordinary course
 of business atleast equal to the amount at which they are stated.
 
 7.  The Company has not received any intimation from suppliers
 regarding their status under the Micro, Small and Medium Enterprises
 Act, 2006 and hence disclosures, if any, relating to amounts unpaid as
 at the year end together with interest paid/payable as required under
 the said Act have not been given.
 
 NOTES:
 
 1.  Related parties are as identified by the Company and relied upon by
 the Auditors.
 
 2.  No amount pertaining to Related Parties have been provided for as
 doubtful debts.
 
 3.  Figures in bracket represent corresponding amounts in the previous
 year.
 
 8.  Deferred Tax Liability / (Asset):
 
 As a matter of prudence, the management has not recognized the deferred
 tax assets for period upto 31st March, 2011 and for the year.
 
 9.  SEGMENT INFORMATION :
 
 A.  Primary Segment Reporting
 
 The Company has single reportable segment viz. investment and dealing
 in shares and securities for the purpose of Accounting Standard 17 on
 Segment Reporting.
 
 B.  There are no secondary and geographical segment as all the
 operations are carried on in India.
 
 10.  Current year''s Financial Statements have been presented in
 accordance with the Revised Schedule VI, previous year''s figures have
 been regrouped / reclassified / rearranged, wherever necessary to
 conform to the current year''s presentation.