1.  Contingent Liabilities
 
 Bank Guarantees have been given to the extent of Rs.5,80,37,248/-
 (Previous Year: Rs 10,26,54,132/-) to various parties in the ordinary
 course of business.
 
 2.  Value of Current Assets, Loans and Advances
 
 In the opinion of the management, the Current Assets, Loans and
 Advances have a value on realization in the ordinary course of
 business at least equal to the amount at which they are stated in
 Balance Sheet .However, balance of sundry debtors, loans and advances
 are subject to confirmation. The company has sent letter for
 confirmation of balances and responses received are awaited.
 
 3.  Value of Imports on CIF Basis is NIL. The company has purchased
 materials of Rs 34,98,41,905/- (Previous Year: Nil) form Singapore
 which has sold to Dubai as third country export.
 
 4.  An amount of Rs.23.29 Lakhs (Rupees twenty three lakhs twenty nine
 thousand only) has been written back in the books of account on
 renegotiation with the vendors in relation to job charges. The same are
 no longer required to be paid and have been written back.
 
 5.  The balance amount of disinvestment of subsidiary at Turkey
 amounting to Rs.29,86,663./- is yet to be received.
 
 6.  Issue of Global Depository Receipt
 
 During the Financial Year 2010-11 the Company has issued 12 crores
 equity shares having face value of Rs.5 each representing 120 Lakhs
 GDRs at two trenches out of that 4 crores equity shares were issued at
 a price of 33.52 on 5th August, 2010 and 8 crores equity shares were
 issued at a price of Rs.24.98 on 14th December, 2010.
 
 7.  Micro, Small and Medium Enterprises as per MSMED Act, 2006
 
 There is no Micro, small and Medium Enterprises to whom the company
 owes dues, which are outstanding for more than 45 days as at 31st March
 2011. This information is disclosed under the Micro, Small and Medium
 Enterprises Development Act 2006 and has been determined to the extent
 such parties have been identified on the basis of information called
 for by the Company.
 
 8.  Diminution in value of Investments
 
 The value of Investment made in Reliance fund has been diminished by
 Rs.55,40,048/-. The said value has not been considered in Profit & Loss
 A/c as it has not been considered permanent in nature. The Investment
 is considered to be long term investment.
 
 9.  Foreign Currency Translation Reserve
 
 The foreign currency translation reserve amounting to Rs 1,48,63,533/-
 represent the difference in exchange rate of the the Bank Balances in
 US $ in Investec and Julius Baer and loan amount to its subsidiary
 Nutek HK Pvt Ltd in US $ at closing of the financial year.
 
 10.  Employee benefits
 
 Disclosure in respect of employee benefits under Accounting Standard
 (AS) – 15 (Revised)Employee Benefits prescribed by the Companies
 (Accounting Standards) Rules, 2006.
 
 A.  Principal actuarial assumptions at the balance sheet date are as
 follows:
 
 Economic Assumptions
 
 The principal assumptions are the discount rate and salary growth rate.
 The discount rate is generally based upon the market yield available on
 the Government bonds at the accounting date with a term that matches
 that of the liabilities and the salary growth rate takes account of
 inflation, seniority, promotion and other relevant factors on long term
 basis.
 
 1.  Discount rate as at 31 March 2011 8.00%
 
 2.  Salary growth rate                5.50%
 
 B.  General description of gratuity plan (Defined benefit plan) :
 
 The Company operates gratuity plan wherein every employee is entitled
 to the benefit equivalent to 15 days basic salary (includes dearness
 allowance) last drawn for each completed year of service. The same is
 payable on termination of service, or retirement, or death whichever is
 earlier. The benefits vests after five years of continuous service. The
 Company has set a limit of Rs. 350,000 per employee. However the
 company plans to invest in a fund or will obtain an insurance policy
 and is looking for a suitable recommendation for the same. The same
 would be implemented in the next financial year.
 
 C.  Policy for Leave Encashment
 
 The company has adopted a policy for awarding for Leave Encashment to
 its employees. The provision is made on the basis of actuarial
 valuation.
 
 11. Segment Reporting pursuant to the Accounting Standard-17
 
 Segment Report under the Accounting Standard 17 has not been done. As
 per the management opinion, the company has to identify its reporting
 segment either as business or geographical segment. Dominant source of
 Income and nature of risk & reward is deciding factor as to whether the
 segment is primary or secondary. Since, the company, as of now operates
 in telecom business, segment report has not been done. Similarly
 geographical segment reporting is also not applicable to the company as
 the company is operating in India only and all the places where it is
 working are subject to same risk and rewards factors. AS 17 applies
 where a enterprise of the company is operating in different
 country/places and due to the following factors the risk and rewards of
 the company is affected and the reader of the financial statements can
 take useful/ business decision in case of any country/region and
 subject to any risk. We dont operate in an economic environment with
 significantly differing risk and rewards.
 
 12. Disclosure pursuant to Accounting Standard 20 Earnings Per Share:
 
 The Company calculates the Basic Earnings per share as required by
 Accounting Standard 20. For the financial year ending 31st March 2011,
 the company does not have any Potential Equity shares.
 
 13.  Some of the additional information as required by Part II of
 Schedule VI is attached to the notes as Annexure, up to the extent
 applicable.
 
 14.  Nu Tek India Limited has been carrying on operations through site
 offices all over India. The site office expenses have been incorporated
 in the books of head office at Gurgaon.
 
 15.  Un –paid Dividend for the Financial year 2008-2009 of the amount
 of Rs.98,250 is outstanding as on 31 March, 2011
 
 16.  Previous year figures have been regrouped/ recast / restated
 wherever considered necessary to make them comparable with those of the
 current year.
 
 17.  Consolidated financial statements forming part of the accounts
 with the Auditors report thereon are attached herewith.