| a) Other Disclosures
Related Parties
As per Accounting Standard 18, issued by the Institute of Chartered
Accountants of India, the disclosure of transaction with the related
parties are given below:
b) Earnings Per Share:
Earning per share is calculated by dividing the profit attributable to
the equity shareholders by the number of equity shares outstanding
during the year.
c) 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 sale
and information as required under paragraphs 3, 4C and 4D of Part II of
Schedule VI to the Companies Act, 1956.
d) Diminution in value of investments: The Company holds investments in
Private Companies and their share value couldn't be ascertained, hence
no Diminution in value of investments is provided for in the Books.
e) Confirmation of balances is respect of certain Debtors, Creditors,
HSBC Current A/c & Loans & Advances are not made available. If there be
any changes this will have an impact on the Balance Sheet figures.
f) No Provision for taxation has been made as the company had incurred
losses.
g) Previous Year's figures have been regrouped or restated wherever
necessary to confirm to the current year's presentation.
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