a) Contingent Liabilities not provided for in respect of:
 
                                                          As at
                                                         31.03.2010
 i) Claims against the company/disputed liabilities         Rs.
 
 Not acknowledged as debts                             1,64,72,283/-
 
 c) The particulars of employees in accordance with Section 217(2A) of
 the Companies Act, 1956 read with Companies (Particulars of Employees)
 Rules, 1975 are not given as no employee was covered by the abovel said
 rules during the year.
 
 e) IIBI Term Loan is secured by way of first charge on land, building,
 plant & machinery and other immovable properties both present and
 future and personal guarantees of Managing Director and another
 Director of the company.
 
 f) Amounts payable to Financial Institutions (including interest),
 Sundry Creditors, Bank Balances, Other Advances and advance for capital
 goods are subject to confirmation with the respective parties.
 
 g) Segment Reporting:
 
 The segment reporting as per the Accounting Standard (AS) 17 issued by
 the Institute of Chartered Accountants of India is not applicable, as
 the company has not earned any commercial activities.
 
 h) Transactions with the Related Parties pursuant to Accounting
 Standard 18:
 
 i.  List of Related Parties:
 
 Subsidiary Company NIL
 
 Associate Companies / Firms (including Companies / firms Controlled by
 key management Personnel / relatives who are sub- stantially
 interested) : Nagarjuna Institute of Software Technology Ltd
 
 Key Management Personnel            Shri. O.Krishna Reddy
 
 Managing Director
 
 Shri. O.Penchal Reddy
 
 Director
 
 Shri. N. Venkanna Naidu
 
 Director
 
 Shri. P.L Varada Rajan
 
 Director
 
 j) Paise have been rounded off to the nearest rupee.
 
 k) Previous year figures have been regrouped wherever if thought
 necessary in confirmity with the current year groupings.
 
 b) The company has not received information for vendor regarding their
 status under the Micro, Small and Medium Enterprises Development Act,
 2006 and hence disclosure relating to amount unpaid as at the year end
 together with interest paid / payable under this act have not been
 given.
 
 c) The company has neither recognized deferred tax liability nor
 deferred tax asset in compliance with the Accounting Standard -AS-22
 relating to Accounting for taxes on income issued by the Institute of
 Chartered Accountants of India due to uncertainty in the future taxable
 income.
 
 d) Additional information pursuant to paragraph 3,4(c) & (d) of Part II
 of Schedule VI of the Companies Act, 1956 is not applicable to this
 company since the company has not carried any manufacturing activity.
 
 Notes, Schedules, Cash Flow statement and statement on accounting
 policies form an integral part of the balance sheet and profit and loss
 account