1. The Balances to the debit or credit of parties are subject to
2. In the opinion of the Board the current assets & loans and advances
are approximately of the value stated if realized in the ordinary
course of business. The provisions for depreciation and all known
liabilities are adequate and not in excess of the amounts considered
3. Segment Reporting :
The Company operates in a single primary business segment namely ITES
[Information Technology Enabled Services]. The Segment-wise details as
per Accounting Standard 17 are not applicable. Hence, no separate
disclosure is required.
4. Quantitative Details
The company is primarily engaged in ITES. The production and sale of
such services cannot be expressed in any generic unit. Hence, it is not
possible to give the quantitative details of services and certain
information as required under paragraphs 3, 4C and 4D of Part II of
Schedule VI of the Companies Act, 1956.
5. Particulars of Employees
There are no employees whose particulars are required to be furnished
U/s 217 (2A) of the Companies Act, 1956 read with Companies Act
(Particulars of Employees) Rules, 1975 as the remuneration of none of
the employees has crossed the limits specified therein.
6. Contingent Liabilities
There are no contingent liabilities to be disclosed as on the date of
7. Related Party Disclosure
There are no transactions with the parties that are related in nature
to be disclosed as per Accounting Standard 18.
8. Deferred Tax :
In accordance with Accounting Standards - 22 on Accounting for Taxes on
Income issued by ICAI, the company has accounted for Deferred Tax.
9. Previous year figures have been regrouped and rearranged wherever
10. Paises are rounded off to the nearest rupee.