1.  The Company has appropriated the amount of credit notes issued for
 consultants remuneration (as described in accounting policy no:12) and
 the payment received from the debtors on FIFO basis while classifying
 its debtors.
 
 2.  Balances of Sundry Debtors, Loans and Advances and Creditors are
 subject to confirmation.
 
 3.  Contingent Liabilities and Capital Commitments:
 
 a) Value of un-expired Bank Guarantees issued by the Bankers in favour
 of the Commissioner of Customs and Excise, Government of India is RS.
 1,70,000/- (Previous year Rs. 4,43,345/-)
 
 b) Managerial remuneration consists of Sitting Fees paid to
 Non-executive Directors, as per details below:
 
 Particulars                                             Rupees
                                                 2006-07        2005-06
 
 Sitting Fees to Non Executive Directors         60,000          21,000
 TOTAL                                           60,000          21,000
 
 c) Information as required pursuant to clause 4C & 4D of Part II of
 schedule VI of the Companies Act, 1956.
 
 I) Sales, Purchases and Closing Stock: The Companys activities include
 Turnkey Fixed Price Software Application Development, Product Sales,
 Implementation of and Training on ERP Packages and carrying out
 out-sourcing Software Development services. The said activities cannot
 be represented in terms of quantities. Hence, quantitative information
 cannot be furnished.
 
 II) C.I.F value of Imports
 
 1) Capital expenditure                           Nil          Nil
 2) Other components                              Nil          Nil
 
 III)  Expenditure in Foreign Currency
 
 1) Living allowance to consultants        7,37,33,933/-  17,64,37,933/-
 abroad on Software development
 assignments,
 
 IV) Earning in Foreign Currency
 from software services                  10,87,92,154/-   25,55,97,700/-
 
 4.  Figures for previous year have been regrouped or rearranged
 whenever necessary, to conform to current years presentation.