a) Basis of Preparation of Financial Statement The Company generally
 follows mercantile system of accounting unless otherwise stated and
 recognizes income and expenditure on accrual basis except those with
 significant uncertainties.  The accounts have been prepared in
 accordance with historical cost convention method.
 
 b) Fixed Assets and Depreciation Fixed assets comprising both tangible
 and intangible items at cost less depreciation.  The Company
 capitializes all costs relating to acquisition of fixed assets. Cost
 of Software expected to be used on long-term basis is capitalized.
 
 Depreciation (including amortization) on fixed assets is provided using
 straight-line method(SLM) at the rates prescribed in schedule XIV of
 the Companies Act 1956, other than Computer & Computer Software and
 Laptops provided to students which are also depreciated under SLM over
 a period of 3 years and 2 years respectively.
 
 Further individual assets costing less than Rupees Five Thousands are
 depreciated in full in the year of purchase.
 
 Depreciation on additions and deletions to fixed assets is provided on
 a pro-rata basis.
 
 c) Investments Long-term investments are valued at their acquisition
 cost. Any declining in the value of the said investment, other than a
 temporary decline, is recognized and charged to the statement of Profit
 and Loss.
 
 d) Revenue Recognition Revenue from software services and consultancy
 is recognized as follows: 
 
 - The revenue from time and material contracts is recognized on the basis 
 of the time spent and materials consumed as per the terms of the 
 contract.  
 
 - In case of fixed price contracts revenue is recognized on percentage
 completion basis based on milestones defined in the contract.
 Foreseeable losses, if any, on contract completion is provided for.
 Revenue from training is recognized over the period of the course
 program.  Revenue from operations is accounted of net of Service Tax.
 
 e) Use of estimates The preparation of financial statements in
 conformity with generally accepted accounting principles requires
 management to make estimates and assumptions that affect the reported
 amounts of assets and liabilities and disclosure of contingent
 liabilities at the date of the financial statements and the results of
 operations during the reporting period.  Although these estimates are
 based upon management''s best knowledge of current events and
 actions, actual results could differ from these estimates.
 
 f) Current & Non Current assets and liabilities An asset or liability
 is classified as current when it satisfies any of the following
 criteria 
 
 i) It is expected to be realized/ settled, or is intended for sale or 
 consumption, in the Company''s normal operating cycle:
 
 ii) It is held primarily for the purpose of being traded:
 
 iii) It is expected to be realized/due to be settled within twelve
 months after the reporting date: or
 
 iv) It is cash or cash equivalent unless it is restricted from being
 exchanged or used to settle a liability for at least twelve months
 after the reporting date of
 
 v) The Company does not have an unconditional right to defer settlement
 of the liability for at least twelve months after the reporting date.
 
 g) Foreign Currency Transactions Transactions in foreign currency are
 accounted for at the rates prevailing on the date of the transaction.
 Monetary assets and liabilities in foreign currencies at the year-end
 are restated at the exchange rates prevailing on that date.  Gain/Loss
 arising out of exchange fluctuation on settlement or such restatement
 are accounted for in the Statement of Profit and Loss, except to the
 extent these relate to acquisition of fixed assets, in which case these
 are adjusted to the carrying value of the related fixed assets.
 
 h) Leases Operating Leases - Rentals are expensed with reference to
 lease terms and other considerations.  
 
 i) Employee Benefits 
 
 (i) Contribution to employee provident fund is charged to revenue on a
 monthly basis 
 
 (ii) Liability for retrial, gratuity and un-availed earned leave is 
 provided for based on an independent actuarial valuation report as per 
 the requirements of Accounting Standard - 15(revised) on Employee 
 Benefits.  
 
 (iii) Employee benefits of short-term nature are recognized as expense 
 as and when it accrues.  Long term employee benefits(e.g. long-service 
 leave) and past employments benefits (e.g. gratuity), both funded and 
 unfunded, are recognized as expense based on actuarial valuation.
 
 j) Taxation 
 
 Current Tax in respect of taxable income of the year is provided for 
 based on application tax rates and laws.  
 
 Deferred tax is recognized subject to the considerations of prudence in 
 respect of deferred tax asset, on timing differences, being the 
 difference between taxable income and accounting income that originate 
 in one period and are capable of reversal in one or more subsequent 
 periods and is measured using tax rates and laws that have been enacted 
 or substantively enacted by the Balance Sheet date. Deferred tax 
 assets/liabilities are reviewed at each Balance sheet date.
 
 k) Borrowing Cost Borrowing cost attributable to the acquisition and
 contribution of qualifying assets are added to the cost up to date when
 such assets are read for their intended use. Other borrowings cost are
 recognized as expenses in the period in which these are incurred .
 
 l) Contingencies Contingencies, which can be reasonably ascertained,
 are provided for it, in the opinion of the company, there is a
 probability that the future outcome may be materially adverse to the
 Company.
 
 m) Prior Period and Extra Ordinary Items and Changes in Accounting
 Policies Prior Period and Extra Ordinary items and changes in
 Accounting Policies having material impact on the financial affairs of
 the Company are disclosed.