a) Capital commitments and contingent liabilities
 
                                                       Rs
                                              As at          As at
                                          31 March 2009      31March 2008
 Estimated amount of contracts remaining 
 to be executed on capital account
 (net of advances)                           164,940            5,318,607
 
 b) The Company has entered into contracts with Centum Industries
 Private Limited (CIPL) for purchase of goods aggregating Rs. 9,349,881
 during the period 10 June 2008 to 31 January 2009. Since the Company’s
 paid-up share capital is more than Rs. 1 crore and one of the directors
 of the Company was also a director / member of CIPL at the time of
 entering into the contracts, prior approval of the Central Government
 of India under Section 297 of the Companies Act, 1956 was required. The
 Company has inadvertently not obtained Central Government of India
 approval for the aforementioned transactions and has initiated steps to
 seek necessary approvals.
 
 The Company has obtained an approval from the Central Government of
 India for sale and purchase transactions to be entered into with CIPL
 for a period of three years effective 1 February 2009.
 
 c) Segmental Reporting
 
 The Board of Directors (“the Board”) of the Company review the
 performance of the Company at the enterprise level. The Board rely
 primarily on results at the enterprise level for assessing performance
 and making decisions about resource allocation and hence the Company
 operates in only one business segment i.e. Electronic Manufacturing
 Services (EMS) which primarily include assembly of Printed Circuit
 Boards and the Nokia repairs and returns business.
 
 d) Related party transactions
 
 A.  Parties where control exists
 - Flextronics International (Ultimate Holding Company)*
 - C-Mac Holdings Limited, British Virgin Islands (Holding Company)
 - C-Mac Industries Inc., Canada
 
 The above control of the three parties ceased to exist on 10 June 2008
 post the promoter share swap pursuant to which Mr. Apparao V
 Mallavarapu acquired significant influence over the Company.
 
 B.  Other related parties where transactions have taken place during
 the year
 
 Parties exercising significant influence:
 
 Apparao V Mallavarapu (with effect from 10 June 2008)
 
 Parties under common control:
 
 - Solectron (Suzhou) Technology Company Limited
 - Solectron Technology Sdn. Bhd
 - Solectron Manufactura de Mexico
 - Solectron B V Europe
 - Solectron Scotland Limited
 - Solectron Sweden AB
 - Solectron Technology (Johor) Sdn Bhd
 - Solectron Technology Singapore Pte Limited
 - Solectron California Corporation
 - Solectron BV Europe
 - Solectron - North Carolina
 - Solectron (Shenzen) Technology Company Limited
 - Solectron Technology Singapore
 - Solectron India Private Limited the above relationships cease to
   Exist from 10 June 2008
 - Centum Electronics Limited (with effect from 10 June 2008)
 - Centum Rakon India Private Limited (with effect from 10 June 2008)
 - Centum Industries Private Limited (with effect from since 10 June
   2008)
 
 C.  Key executive management personnel represented on the Board
 
 Mr.  Apparao V Mallavarapu - Managing Director (since 12 June 2008)
 
 Mr.  Soundarajan Subramaniam - Director (Resigned with effect from 13
 June 2008)
 
 D.   Non executive/independent directors on the Board
 Mr. Rajiv Mody
 Mr. Manoj Nagrath
 Mr. Manny Marimuthu
 
 e)   Leases
 
 The Company has taken office facilities under cancelable operating
 lease agreement. The Company intends to renew the agreement in the
 normal course of its business. Total lease rentals recognized in the
 profit and loss for the year in respect of the aforementioned lease is
 Rs 12,233,066 (previous year Rs 12,657,697).
 
 f) Prior year comparatives have been regrouped / reclassified to
 conform with current year’s presentation, wherever necessary.