1.  Foreign Currency Transactions
 
 Sales and Purchases are generally recorded at the ruling rates on the
 transaction date. Foreign currency assets and liabilities are restated
 at rates ruling at the year end and the difference is recognised in the
 Profit & Loss Account. Exchange difference relating to fixed assets is
 adjusted in the cost of the assets. Any other exchange differences are
 dealt with in the Profit & Loss Account.
 
 2.  CONTINGENT LIABILITIES
 
 A.  Estimated amount of Contracts remaining to be executed on capital
 account not provided for : NIL (Previous year - Rs. NIL)
 
 B.  Amounts demanded by Income Tax Authorities contested in appeal Rs.
 5,48,203/- (Previous Year - Rs.5,48,2Q3M.
 
 3.  The Company has not provided interest income on inter-corporate
 deposits given to various companies. In view of the management the
 Inter-Compote Deposits are good and are hopeful of recovering the
 amounts due.
 
 4.  Earnings per share (AS 20)
 
 Earnings per share is calculated by dividing to profit attributable
 to the equity share holders by the weighted average number of Equity
 shares outstanding during the year. The numbers used in calculating
 basic and diluted earnings per equity shares are as stated below:
 
 5.  Segment Reporting (AS-17)
 
 The business activity of the company consists of one reportable segment
 only Le. software activities which includes Development of Software.
 
 6.  Quantitative details:
 
 A.  The Company is engaged  the business of rendering Information
 Technology Services & - Development of Software. The production and
 sale of such software/services cannot be expressed in any generic unit
 Hence, it is not possible to give the quantitative details of sales and
 the information as required; under paragraphs 3, 4C and 4D of Part II
 of Schedule VI of the Companies Act, 1956.
 
 B.  Other information as required is not applicable to the company
 during the year.
 
 7.  Previous year figures have been regrouped and reclassified
 wherever necessary and possible so as to conform to current year''s
 classification.