1.  All amounts in the financial statements are presented in Rupees
 Lacs, unless otherwise stated. The note numbers appearing in the
 brackets [ ] are as they appear in the complete set of Financial
 Statements. These abridged financial statements have been prepared in
 accordance with the requirements of Rule 7A of the Companies (Central
 Governments) General Rules and Forms, 1956 and clause 32 of the
 Listing Agreement.  These abridged financial statements have been
 prepared on the basis of the complete set of financial statements for
 the year ended March 31, 2011.
 
 2.  [B5] Capital commitments and contingent liabilities
 
 i) The estimated amount of contracts remaining to be executed on
 capital account and not provided for (net of advances) as at March 31,
 2011 is Rs.3,171.10 (March 31, 2010: Rs.1,689.85).
 
 ii) As at March 31, 2011, the Company has outstanding guarantees and
 counter guarantees of Rs.1,222.29 (March 31, 2010: Rs.1,447.86) issued
 to various banks, in respect of guarantees given by the banks in favour
 of various government authorities and others.
 
 iii) Claims against the Company, not acknowledged as debts include:
 
 a) Demand from Indian income tax authorities as at March 31, 2011 is
 Rs.754.63 (March 31, 2010: Rs.692.08). The tax demand is mainly on
 account of disallowance of a portion of the deduction claimed by the
 company under Section 10A of the Income Tax Act. The Company is in the
 process of filing an appeal with the higher appellate authorities.
 
 b) Sales Tax demand from Commercial Tax Officer Chennai is Rs.520.00 as
 at March 31, 2011 (March 31, 2010: Rs.520.00).
 
 c) Sales Tax demand from Commercial Tax Officer, Hyderabad is Rs.98.00
 as at March 31, 2011 (March 31, 2010: Rs.42.40).
 
 d) Service tax demand from Commissioner of Central Excise, Chennai as
 at March 31, 2011 is Rs.32.25 (March 31, 2010: Rs.32.25).
 
 The Company is contesting the demands raised by the respective tax
 authorities, and the management, including its tax advisers, believes
 that its position will likely be upheld in the appellate process and
 ultimate outcome of these proceedings will not have a material adverse
 effect on the Companys financial position and results of operations.
 
 iv) The Company is also involved in other law suit and claims including
 suits filed by former employees, which arise in the ordinary course of
 business. However there are no such matters pending that the Company
 expects to be material in relation to its business.
 
 4.  [B7] Quantitative details
 
 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, 4C and 4D of
 part II of Schedule VI to the Companies Act, 1956.
 
 5.  [B8] Managerial remuneration
 
 The Directors are covered under the Companys gratuity policy along
 with the other employees of the Company. Proportionate amount of
 gratuity is not included in the disclosure above. However actual
 payments, if any, made on their resignation / retirement is considered.
 
 Salaries and perquisites to other directors include commission of
 Rs.38.00 (March 31, 2010 Rs. 30.00) payable to non-executive directors.