Parle Software

1.  The Prior period adjustment of Rs.807.25 Lacs shown in the last
 quarter pertains to the Rejection of Software Sales of previous year
 which could not be realized and therefore the amount has been provided
 in accordance with Accounting Standard - 5 Net Profit/Loss for the
 Period, Prior Period Items and Change in Accounting Policies issued by
 the Institute of Chartered Accountants of India (ICAI).
 
 2.  Gratuity
 
 Liability for payment of Gratuity is accounted for on cash basis and
 future liability on accruing basis has, however, not been actuarially
 determined.
 
 3.  In the Opinion of Board of Directors, all 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 and all
 the known liabilities as at the end of year have been provided for.
 
 4.  Segment Reporting
 
 The Company operates in single segment of Information Technology, and
 the companys operations predominantly relate to providing technology
 services, delivered to clients globally, operating in various industry
 segments, hence segment reporting as per Accounting Standard 17 is not
 applicable to the company.
 
 5.  Quantitative Information
 
 The Company is engaged in the development of computer software. The
 production and sale of such software 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 and 4C of Part
 II of Schedule VI of the Companies Act, 1956.
 
 6.  Liabilities and Assets
 
 Balances group under Sundry Debtors, Sundry Creditors, and Loans and
 Advance are subject to confirmation from respective parties.
 
 7.  There are no amounts due and outstanding to be credited to
 Investor Education and Protection Fund.
 
 8.  Sundry Creditors (due to SSI Units)
 
 As per the information available with the company, the sundry creditors
 do not include any amount due to SSI exceeding Rs.1 Lac outstanding for
 more than 30 days.
 
 9.  Previous years figures have been regrouped or rearranged wherever
 necessary.
 
 10.  Figures have been rounded off to nearest rupee wherever
 applicable.