| 1. The balance of Sundry Debtors, Creditors and Loans and Advances are
subject to confirmation.
2. In the opinion of the Board, the Current Assets, Loans and Advances
have a value on realization in the ordinary course of business at least
equal to the amount at which they are stated in the financial
statements.
3. In the opinion of the Management, the Provident Fund and ESI acts
are not yet applicable to the Company.
Name of the Related Party Description of Nature of
Relationship Transaction
Mr. Mahesh Thanvi Managing Remuneration
Director
Mr. Natwar Thanvi Related with Loan taken
Director
Amount of Balance as on
Transactions Balance Sheet
(Rs.) Date (Rs.)
2,70,000/- Nil
1,74,000/- 1,74,000/-
4. Additional information pursuant to the provisions of Paragraphs 4a
and 4b of Part II of Schedule VI of the Companies Act 1956:
Commission u/s 349 - Nil
5. Additional information pursuant to the provisions of Paragraphs 4a
and 4b of Part II of Schedule VI of the Companies Act, 1956:
(Amount in Rs.)
Particulars [ Year ended Year ended
31.03.2007 31.03.2006
A. Directors Remuneration
Mr. Mahesh Thanvi 2,70,000/ 2,70,000/-
TOTAL 2,70,000/ 2,70,000/-
B. Auditors Remuneration
Audit Fees 25,000/ 25,000/-
Tax Audit Fees 10,000/ 10,000/-
Tax Matters 15,0007 15,000/-
ServiceTax 6,120/ 6,120/
TOTAL 56,120/- 56,120/-
6. The Company enjoy Tax holiday u/s 10 A of the Act Hence the
provision for Tax is not done.
1. The Company is maintaining separate books of accounts in respect
of the business conducted from the Software Technology Park.
2. There are no parties which can be classified as small-scale
undertakings to whom the company owes a sum exceeding Rs. 1 Lacs which
is outstanding for more than thirty days.
3. As required by Accounting Standard (AS-28)" Impairment of Assef
issued by the Institute of Chartered Accountants of India, the company
has carried out the assessment of impairment of assets. There has been
no impairment of loss during the year.
4. Figures are rounded off to the nearest thousand.
5. The previous years figures have been recast or regrouped wherever
necessary to conform to the current
years classification.
6. Schedule 1 to 15 forms the integral part of the Balance Sheet as at
31st March 2007 and the Profit & Loss Account for the year ended on
that date.
7. Balance Sheet Abstract & Companies general business profile as
required by Part IV Sch. VI to the Companies Act 1956 is enclosed in
Annexure A
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