Quintegra Solutions

A.  Contingent Liability & Commitments
 
 - The following Income Tax dues have not been deposited on account of
 dispute as detailed under.
 
                                                            Rs. Lacs
 
 Statute   Assessed / Reassessed  Amount Paid  Period AY   Forum where 
                                                           dispute
              _Demandis                                    pending
 
                16.54                15.18      2001-02   Not appealed
                94.73                  -        2002-03   CIT (Appeals)
 Income Tax 
 Act, 1961   2,258.21                  -        2003-04   CIT (Appeals) 
                 6.53                  -        2004-05   CIT (Appeals)
               148.17               15.88       2005-06   CIT (Appeals)
               474.69               24.48       2006-07   CIT (Appeals)
 
 Of the above, Rs. 15,161,000 has since been paid towards various
 assessment years.
 
 - The company has given a Bank guarantee to the tune of Rs.6.00 Lacs
 favouring The Commissioner of Customs, Chennai towards purchase of
 duty exempted Capital goods.
 
 B.  Secured Loans / Borrowings
 
 The various fund based facilities availed from State Bank of India is
 secured primarily by the first charge on the current assets of the
 company and collaterally secured by immovable properties situated at
 Chennai and Kodaikanal belonging to the company, hypothecation of
 movable assets belonging to the company. The facilities are further
 collaterally secured by pledge of 20 Lac Shares of the company in the
 name of Chairman and personal guarantee of the Chairman.
 
 The Non-Fund based facility is secured primarily by the counter
 guarantee from the company and extension of the charge on the current
 assets of the company apart from the collateral security and personal
 guarantee mentioned above.
 
 C. There are no dues to Small Scale Industries, which are outstanding
 for more than 30 days at the Balance Sheet date. Such information
 regarding Small Scale Undertaking has been determined to the extent
 such parties have been identified on the basis of information available
 with the company and relied upon by the Auditors.
 
 D.  Sundry Debtors & Sundry Creditors Figures are subject to
 confirmation.
 
 Previous years figures have been regrouped, reclassified/ rearranged
 wherever necessary to conform to current years presentation. The
 Standalone financial statements includes the of San Jose Branch which
 was a subsidiary previous year now converted to branch.