a) Terms/ rights attached to equity shares
 
 I to Company has only one class of equity shares having a par value of
 Its 10/- each, t ach holder of equity shares is entitled to one vote
 ocr share.
 
 In the event of liquidation of the Company, the holders of equity
 shares will be entitled to received remaining, assets of the Company,
 after distribution of preferential amounts. I he distribution will be
 in proportion to the numbers of equity shares held by the shareholders.
 
 Related Party Transactions
 
 Related party disclosures as required by AS - 18, Related Party
 Disclosures, are given below 
 
 i) Relationships :
 
 (a) Subsidiaries:
 
 - Malvern Trading Private Limited
 
 - Mykindasite International Private Limited
 
 (b) Key Management Personel:
 
 - Mr. Krishan Kumar Rathi - Director
 
 - Mr. Rajesh Nawathe - Director
 
 - Mrs. Renu Soni - Director
 
 (c) Relative of Director:
 
 - Mrs. Kanchan Soni
 
 1 Contingent Liabilities:
 
                                          2011-2012        2010-11
 
 Claims against the Company 
 not acknowledged as debts:
 
 Income Tax matters                         548,203        548,203
 
 2 Disclosure as required by Accounting 
 Standard - AS 17 Segment
 Reporting, issued by the ICAI
 
 3 Provision for tax and differed tax
 
 Company has not made provision for tax as the taxable income shall be
 Rs Nil after taking set-off of the brought forwarc losses available as
 per the provisions of The Income Tax Act,1961. Also, no defferd tax
 asset is accounted in books on the brought forward losses as there is
 no virtual certainity supported by convincing evidence that sufficient
 future taxable income will be available against which such deferred tax
 assets can be realised.
 
 4 Amalgamation of Mykindasitc International Private Limited and
 Malvern Trading Private Limited with the company A scheme of
 amagamation of the subsidiaries i.e. Mykindasite International private
 Limited and Malvern Trading Private* Limited with Omega Interactive
 Technologies Limited under the provisiorjsfof Sections 391 to 394 of
 the Companies Art, 1956 has been filed with the Honourable High Court
 of Judicature at Booibay. The assets and liabilities of the above said
 companies shall be transferred to and vested in the Company as a going
 concern from the appointed date i.e. 1st October, 2011. The said scheme
 is yet to receive the approval of Honourable High Court and the
 amalgamation.