a) Basis of Accounting:
 
 In compliance with the accounting standards referred to in Section 211
 (3C) and other relevant provisions of the Companies Act 1956 to the
 extent applicable, the Company follows the accrual system of accounting
 in general and the historical cost convention in accordance with the
 generally accepted accounting principles (GAAP), on going concern
 basis.
 
 The preparation of accounting statements in conformity with GAAP
 requires the management to make assumption and estimates that affect
 the reported amounts of assets and liabilities and disclosure of
 contingent liabilities as at the date of the financial statement and
 the amounts of income and expenses during the period reported under the
 financial statements. Any revision to the accounting estimates are
 recognised prospectively when revised.
 
 b) Fixed Assets:
 
 Fixed assets are stated at historical cost less depreciation inclusive
 of taxes, duties, freights and any directly attributable cost of
 bringing the asset to its working condition for the intended use up to
 the date of commissioning for operation, attributable to acquisition /
 construction of the concerned assets.
 
 Capital work-in-progress includes cost of assets not ready for use
 ,advances, expenditure incurred and interest on funds deployed.
 
 Expenditure incurred on renovation/ improvement/replacement/repairs in
 or in relation to existing facility, structure, plant or equipments are
 charged off to revenue except in situation where these results in a
 long term economic benefit, in which cases these are capitalised. Where
 there is extension to building or increase in capacity of equipment &
 plant, the amounts incurred thereon are capitalised.
 
 c) Depreciation :
 
 The Company has provided for Depreciation using Straight Line Method,at
 the Rates specified in Schedule XIV of Companies Act ,1956.
 
 d) Investments:
 
 Long term investments are carried at cost of acquisition. However,
 provision for diminution in value of investments is made to recognise a
 decline, other than temporary, in the value of investments.
 
 Current investments are carried at the lower of cost and fair value.
 
 e) Inventories:
 
 Inventories of food materials and beverages, stores and supplies are
 valued at Lower of Cost Or Net Realizable Value.Cost is determined
 using First-In-First-Out Method.
 
 f) Employees benefit:
 
 Post - employment benefit plans
 
 Contributions to defined contribution retirements benefits schemes are
 recognized as an expense when employees have rendered services
 entitling to contributions.
 
 For defined benefit schemes, the cost of providing benefits is
 determined using the Project Unit Credit Method, with actuarial
 valuations at the balance sheet date, carried out by an independent
 actuary.
 
 Gratuity is a defined benefit scheme and is accrued based on actuarial
 valuations at the balance sheet date, carried out by an independent
 actuary. Actuarial gains and losses are charged to the profit and loss
 account.
 
 Leave encashment is another long term employee benefit and is accrued
 based on actuarial valuations at the balance sheet date, carried out by
 an independent actuary. The Company accrues for the expected cost of
 short term compensated absences in the period in which the employee
 renders services.
 
 Contributions payable to the recognized provident fund, which is a
 defined contribution scheme, are charged to the profit and loss
 account.
 
 g) Recognition of income and expenses: Sales and Services :
 
 On time-and-materials contracts, revenue from software development is
 recognized as the related services are rendered and billed - to clients
 as per the terms of specific contracts. On fixed -price contracts,
 revenue is recognized based on the milestones achieved as specified in
 the contracts on the basis of the work completed.
 
 In respect of Hospitality business, income comprising of room rentals
 ,food and beverages and allied services relating to hotel operations
 are recognized when services are rendered.
 
 Income/ sales excludes taxes, such as Luxury Tax, Service Tax, etc.
 
 h) Taxation:
 
 Provision for current year''s taxation is based on Minimum Alternate Tax
 in accordance with the Income Tax Act Under Section 115 JB and Wealth
 Tax for the year has been provided as per Wealth Tax Act and Rules,
 1957
 
 Deferred Tax is recognised on timing difference, being the difference
 between taxable income and accounting income that originate in one
 period and are capable of reversal in one or more subsequent periods.
 Where there is unabsorbed depreciation, or carry forward losses,
 deferred tax assets are recognized only if there is virtual certainty
 of realization of such assets.
 
 i) Impairment of assets:
 
 There was no impairment loss on Fixed Assets on the basis of review
 carried out by the Management in accordance with Accounting Standard 28
 issued by the Institute of Chartered Accountants of India.
 
 j) Foreign Currency Transactions:
 
 Transactions arising from export of software, investment in overseas
 wholly-owned subsidiaries and remittances to overseas branches during
 the year have been translated into Indian Rupees at the exchange rate
 prevailing on the date of the particular transaction. Any gain or loss
 arising from exchange rate fluctuations are recognised in Profit & Loss
 Account in the period in which they arise.
 
 In respect of income and expenditure at the overseas branches, month
 -end exchange rates have been adopted.
 
 In March 2009, Ministry of Corporate Affairs issued a Notification
 amending AS - 11 ,The effects of Changes in Foreign Exchange Rate.
 Before the Amendment ,AS-11 required the exchange gain/Loss on the Long
 term Foreign Currency monetary Assets/Liabilites to be recorded in the
 Profit and Loss Account.The Amended As-11 provides an irrevocable
 option to the company to amortise exchange rate fluctuation on the long
 term foreign currency monetary Assets/Liablities over the life of the
 Assets/Liabilities.The Company did not elect to exercise this option.
 
 k) Preliminary Expenditure :
 
 Preliminary Expenditure have been written off over a period of five
 years.
 
 l) Accounting for Provisions, Contingent Liabilities and Contingent
 Assets:
 
 A provision is recognized when the company has a present obligation as
 a result of past event and it is probable that an outflow of resources
 will be required to settle the obligation, in respect of which a
 reliable estimate can be made.
 
 These are reviewed at each Balance Sheet date and are adjusted to
 reflect the current best estimates. Contingent Liabilities are not
 recognised in the financial statements but are disclosed by way of
 Notes to Accounts.The Contingent Assets are neither recognised nor
 disclosed in the financial statements.