Mudunuru Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

2.20 Provisions, Contingent Liabilities and Contingent Assets (Ind AS 37):

The Company recognized provisions when there is present obligation as a result of past event and it
is probable that there will be an outflow of resources required to settle the obligation in respect of
which a reliable estimate can be made A disclosure for Contingent liabilities is made when there is a
possible obligation or present obligations that may, but probably will not, require an outflow of
resources. These are reviewed at each Balance Sheet date and adjusted to reflect the current best
estimates. Contingent assets are neither recognized nor disclosed in the financial statements.

2.21 Prior Period and Extraordinary and Exceptional Items:

(i) All Identifiable items of Income and Expenditure pertaining to prior period are accounted through
''''Prior Period Items''''.

(ii) Extraordinary items are income or expenses that arise from events or transactions that are clearly
distinct from the ordinary activities of the enterprise and, therefore, are not expected to recur
frequently or regularly. The nature and the amount of each extraordinary item be separately
disclosed in the statement of profit and loss in a manner that its impact on current profit or loss can
be perceived.

(iii) Exceptional items are generally non-recurring items of income and expenses within profit or loss from

ordinary activities, which are of such, nature or incidence.

2.22 Financial Instruments (Ind AS 107 Financial Instruments: (Disclosures)

2.23

I. Financial assets:

A. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are
directly attributable to the acquisition or issue of financial assets and financial liabilities, which are
not at fair value through profit or loss, are adjusted to the fair value on initial recognition.

a) Financial assets carried at amortized cost (AC)

A financial asset is measured at amortized cost if it is held within a business model whose objective
is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial
asset give rise on specified dates to cash flows that are solely payments of principal and interest on
the principal amount outstanding.

b) Financial assets at fair value through profit or loss (FVTPL)

A Financial asset which is not classified as AC or FVOCI are measured at FVTPL e.g. investments in
mutual funds. A gain or loss on a debt investment that is subsequently measured at fair value through
profit or loss is recognised in profit or loss and presented net in the Statement of Profit and Loss
within other gains/(losses) in the period in which it arises.

c) Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose Objective is
achieved by both collecting contractual cash flows and selling financial assets and the contractual
terms of the financial asset give rise on specified dates to cash flows that are solely payments of
principal and interest on the principal amount outstanding.

B. Investments in subsidiaries

The Company has accounted for its investments in subsidiaries at cost and not adjusted to fair value
at the end of each reporting period. Cost represents amount paid for acquisition of the said
investments.

II. Financial Liabilities

A. Initial recognition

All financial liabilities are recognized at fair value.

B. Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade and
other payables maturing within one year from the balance sheet date, the carrying amounts
approximate fair value due to the short maturity of these instruments.

2.24 Operating Segments (Ind AS 108)

Operating segment is a component of an entity:

a. That engages in business activities from which it may earn revenues and incur expenses
(including revenues and expenses relating to transactions with other components of the same
entity).

b. Whose operating results are regularly reviewed by the entity''s chief operating decision maker
to make decision about resources to be allocated to the segments and assess its performance,
and

c. For which discrete financial information is available.

The company is in the Software Services segment. Hence IND AS 108 is not applicable.

2.25 Events After the Reporting Period (Ind AS-10)

Events after the reporting period are those events, favorable and unfavorable, that occur between
the end of the reporting period and the date on which financial statements are approved by the
Board of Directors in case of accompany, and, by the corresponding approving authority in case of
any other entity for issue. Two types of events can be identified:

a. Those that provide evidence of conditions that existed at the end of the reporting period
(adjusting events after the reporting period) and

b. Those that are indicative of conditions that arose after the reporting period (non-adjusting
events after the reporting period).

An entity shall adjust the amounts recognized in its financial statements to reflect adjusting events
after the reporting period.

2.26 Construction Contracts (Ind AS -11):

Construction contract is a contract specifically negotiated for the construction of an asset or a
combination of assets that are closely interrelated or interdependent in terms of their design,
technology, and function or their ultimate purpose or use.

The company does not have any construction contracts for the year ended.

2.27 Income Taxes (Ind AS 12)

Tax Expense for the period comprises of current and deferred tax.

• Current Tax:

The Company has incurred losses during the financial year and, accordingly, no provision for current
income tax has been made in the books for the year ended [insert date]. As per the applicable
provisions of the Income-tax Act, 1961, no taxable income arises for the current financial year, and
therefore, no current tax liability is recognized.

• Deferred Taxes:

Deferred tax liabilities are recognized for all timing differences. Deferred tax assets are recognized
for deductible timing differences only to the extent that there is reasonable certainty that sufficient
future taxable income will be available against which such deferred tax assets can be realized. In
situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred
tax assets are recognized only if there is virtual certainty supported by convincing evidence that they
can be realized against future taxable profits.

At each reporting date, the Company re-assesses unrecognized deferred tax assets. It recognizes
unrecognized deferred tax asset to the extent that it has become reasonably certain or virtually
certain, as the case may be, that sufficient future taxable income will be available against which such
deferred tax assets can be realized.

The carrying amount of deferred tax assets are reviewed at each reporting date. The Company writes-
down the carrying amount of deferred tax asset to the extent that it is no longer reasonably certain
or virtually certain, as the case may be, that sufficient future taxable income will be available against
which deferred tax asset can be realized. Any such write-down is reversed to the extent that it
becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable
income will be available.

2.28 Related party (Ind AS 24)

Disclosures are made on related party relationships, transactions and outstanding balances, including
commitments. Related parties are identified by the Company in accordance with the requirements
of Ind AS 24 and are disclosed in the Notes to Financial Statements.

Related party transactions are reflected in the notes to accounts forming part of financial statements.

2.29 Recent accounting pronouncements

The Ministry of Corporate Affairs (MCA) has issued the Companies (Indian Accounting Standards)
(Amendment) Rules, 2024:

Ind AS 117 - Insurance Contracts, which replaces the interim Ind AS 104 and introduces
comprehensive requirements on measurement and disclosures aligned with IFRS 17.

Amendments are made to Ind AS 101, 103, 105, 107, 109, 115, 116 which are necessary to align them
with the newly issued to reflect the issuance of Ind AS 117, including scope adjustments, transition
provisions and disclosure enhancements.

These changes are effective for accounting periods beginning on or after 1 April 2024.

The Company has assessed their impact and concluded that, they have no material effect on the
financial statements.

29. Consolidated and Separate Financial Statement (Ind AS 27):

The company has no subsidiary companies for the current reporting period. Hence
consolidate and separate financial statement are not applicable.

30. Investments in Associates (Ind AS 28):

The company has not made any investments in any of its associates during the reporting
period. This accounting standard has no financial impact on the financial statements for the
current reporting period.

31. Interest in Joint Ventures (Ind AS 31)

The company has no interest in any Joint ventures. This accounting standard has no financial
impact on the financial statements for the current reporting period.

32. Earnings Per Share (Ind AS 33):

a) Basic Earnings Per Share for (continued operations) there are no discontinued operations
hence, EPS is presented for continued operations only.

**During March 2024, the Company has issued 96,00,000 No. of share warrants at an issue
price of Rs.12 per warrant, aggregating to Rs. 11,52,00,000. Each warrant is convertible into
one equity share of face value Rs. 2 each at a premium of Rs. 10, in accordance with
applicable SEBI (ICDR) Regulations and Companies Act, 2013.

The warrant holders have paid 25% of the total consideration amounting to Rs. 2,88,00,000
at the time of allotment of warrants. The balance amount shall be payable at the time of
conversion of the warrants into equity shares within 18 months from the date of allotment.

The funds received have been classified as money received against share warrants under
"Other Equity" in the Balance Sheet.

33. Derivative instruments and un-hedged foreign currency exposure:

a) There are no outstanding derivative contracts as at March 31, 2025 and March 31, 2024.

b) Particulars of Un-hedged foreign currency exposure is: Nil

Working capital Loans:

The Company has availed CC from State Bank of India.

Primary security:

Hypothecation of Stocks & Receivables.

Collateral Security:

EM of Residential plot bearing survey No: 1/P Plot No: DL-60, admeasuring 2388 sq.ft situated
at yendada village, Madhurawada, Visakhapatnam.

Personal Guarantee by directors:

1. Kiran Thummalapalli

2. Madhusudan Raju Mudunuru.

35. Confirmation of Balances:

Confirmation letters have been issued by the company to Trade Receivables, Trade Payables,
Advances to suppliers and others advances requesting that the confirming party responds to
the company only if the confirming party disagrees with the balances provided in the request
and however the company has not received any letters on disagreements.

44. Financial Risk Management

In course of its business, the company is exposed to certain financial risk such as market risk
(Including currency risk and other price risks), credit risk and liquidity risk that could have
significant influence on the company''s business and operational/financial performance. The
Board of directors reviews and approves risk management framework and policies for
managing these risks and monitor suitable mitigating actions taken by the management to
minimize potential adverse effects and achieve greater predictability to earnings.

45. Credit Risk

Credit risk refers to the risk that counterparty will default on its contractual obligations
resulting in financial loss to the company. The company has adopted a policy of only dealing
with creditworthy counterparties and obtaining sufficient collateral, where appropriate, a
means of mitigating the risk of financial loss from defaults.

The company makes an allowance for doubtful debts/advances using expected credit loss
model.

46. Liquidity risk

Liquidity risk refers to the risk that the company cannot meet its financial obligations. The
objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds
are available for use as pre requirements. The Company''s exposure to liquidity risk is minimal
as the promoters of the company is infusing the funds based on the requirements.

47. Amounts have been rounded off to nearest Rupee and ledger accounts were reclassified
wherever necessary.

Notes 3 to 47 forms part of Balance Sheet and have been authenticated.

For V. RAVI & CO., for and on behalf of the Board

Chartered Accountants For MUDUNURU LIMITED

Firm Reg No.006492S

Sd/- Sd/- Sd/-

CA D. Ramesh Kumar M Madhusudan Raju T Kiran

Partner Director Director

Membership No.217139 DIN: 00471678 00472025

UDIN: 25127139BMOSP18928

Sd/-

Place : Visakhapatnam TRS Manjari

Date: 30^th May 2025 CFO

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Mar 31, 2024

1.21 Provisions, Contingent Liabilities and Contingent Assets (Ind AS 37):

Provisions are recognised in the balance sheet when the company has a present obligation
(legal or constructive) as a result of a past event, which is expected to result in an outflow of
resources embodying economic benefits which can be reliably estimated. Each provision is
based on the best estimate of the expenditure required to settle the present obligation at the
balance sheet. Where the time value of money is material, provisions are made on a discounted
basis.

Disclosure for Contingent liabilities is made when there is a possible obligation or present
obligation arising from past events, the existence of which will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly within the
control of the company or a present obligation that arises from the past events where it is
either not probable that an outflow of resources embodying in economic benefits will be
required to settle or a reliable estimate of amount cannot be made.

Disclosure for Contingent assets are made when there is possible asset that arises from past
events and whose existence will be confirmed only by the occurrence or non-occurrence of
one or more uncertain future events not wholly within the control of the entity. However
Contingent assets are neither recognized nor disclosed in the financial statements.

1.22 Prior Period and Extraordinary and Exceptional Items:

(i) All Identifiable items of Income and Expenditure pertaining to prior period are accounted
through " Prior Period Items'' '' .

(ii) Extraordinary items are income or expenses that arise from events or transactions that
are clearly distinct from the ordinary activities of the enterprise and, therefore, are not
expected to recur frequently or regularly. The nature and the amount of each
extraordinary item be separately disclosed in the statement of profit and loss in a manner
that its impact on current profit or loss can be perceived.

(iii) Exceptional items are generally non-recurring items of income and expenses within profit

or loss from ordinary activities, which are of such, nature or incidence.

1.23 Financial Instruments (Ind AS 107 Financial Instruments: (Disclosures)

I. Financial assets:

A. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are
directly attributable to the acquisition or issue of financial assets and financial liabilities, which
are not at fair value through profit or loss, are adjusted to the fair value on initial recognition.

B. Subsequent Measurement

a) Financial assets measured at amortized cost (AC)

A financial asset is measured at amortized cost if it is held within a business model whose
objective is to hold the asset in order to collect contractual cash flows and the contractual
terms of the financial asset give rise on specified dates to cash flows that are solely payments
of principal and interest on the principal amount outstanding.

b) Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose Objective
is achieved by both collecting contractual cash flows and selling financial assets and the
contractual terms of the financial asset give rise on specified dates to cash flows that are solely
payments of principal and interest on the principal amount outstanding.

c) Financial assets measured at fair value through profit or loss (FVTPL)

A Financial asset which is not classified in any of above categories are measured at FVTPL e.g.
investments in mutual funds. Financial assets are reclassified subsequent to their recognition, if
the Company changes its business model for managing those financial assets. Changes in
business model are made and applied prospectively from the reclassification date which is the
first day of immediately next reporting period following the changes in business model in
accordance with principles laid down under Ind AS 109 -Financial Instruments.

II. Financial Liabilities

A. Initial recognition

All financial liabilities are recognized at fair value and in case of borrowings, net of directly
attributable cost. Fees of recurring nature are directly recognized in the Statement of Profit
and Loss as finance cost.

B. Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade
and other payables maturing within one year from the balance sheet date, the carrying
amounts approximate fair value due to the short maturity of these instrument

Operating segment is a component of an entity:

a. That engages in business activities from which it may earn revenues and incur expenses
(including revenues and expenses relating to transactions with other components of the same
entity).

b. Whose operating results are regularly reviewed by the entity'' s chief operating decision maker
to make decision about resources to be allocated to the segments and assess its performance,
and

c. For which discrete financial information is available.

The Company is engaged in business of Software Services. As there no separate reportable
segments, Segment Reporting as per Ind AS -108, "Operating Segments" is not applicable.

1.26 Events After the Reporting Period (Ind AS 10)

Events after the reporting period are those events, favorable and unfavourable, that occur
between the end of the reporting and the date when the financial statements are approved
by the Board of Directors in case of a company, and, by the corresponding approving
authority in case of any other entity for issue. Two types of events can be identified:

a. Those that provide evidence of conditions that existed at the end of reporting period
(adjusting events after the reporting period);

b. Those that are indicative of conditions that arose after the reporting period (non¬
adjusting events after the reporting period).

An entity shall adjust the amounts recognized in its financial statements to reflect adjusting
events after the reporting period.

As per the information provided and Books of Accounts no such events are identified during
the reporting period. Hence Ind AS 10 Events After the Reporting Period is not applicable.

1.27 Construction Contracts (Ind AS 11)

Construction contract is a contract specifically negotiated for the construction of an asset or
a combination of assets that are closely interrelated or interdependent in terms of their
design, technology, and function or their ultimate purpose or use.

The company is business of Software Services, hence Ind AS 11 "Construction Contract" is
not applicable.

1.28 Income Taxes (Ind AS 12)

The Tax Expense for the period comprises of current and deferred tax.

• Current Tax:

Current Tax Assets and Liabilities are measured at the amount expected to be recovered
from or paid to the Income tax authorities, based on tax rates and laws that are enacted
at the Balance Sheet date.

• Deferred Tax:

Deferred tax liabilities are recognized for all timing differences. Deferred tax assets are
recognized for deductible timing differences only to the extent that there is reasonable
certainty that sufficient future taxable income will be available against which such deferred
tax assets can be realized. In situations where the Company has unabsorbed depreciation
or carry forward tax losses, all deferred tax assets are recognized only if there is virtual
certainty supported by convincing evidence that they can be realized against future
taxable profits.

At each reporting date, the Company re-assesses unrecognized deferred tax assets. It
recognizes unrecognized deferred tax asset to the extent that it has become reasonably
certain or virtually certain, as the case may be, that sufficient future taxable income will be
available against which such deferred tax assets can be realized.

The carrying amount of deferred tax assets are reviewed at each reporting date. The
Company writes-down the carrying amount of deferred tax asset to the extent that it is no
longer reasonably certain or virtually certain, as the case may be, that sufficient future
taxable income will be available against which deferred tax asset can be realized. Any such
write-down is reversed to the extent that it becomes reasonably certain or virtually certain,
as the case may be, that sufficient future taxable income will be available.

New and Amended Standards

1.29 Amendment to Ind AS 116: COVID -19 Related Rent Concessions:

The amendments provide relief to lessees from applying Ind AS 116 guidance on lease
modification accounting for rent concessions arising as a direct consequence of Covid-19
pandemic. As a practical expedient, a lessee may elect not to access whether a Covid-19
related rent concession from a lessor is lease modification. A lessee that makes this election
accounts for any change in lease payments resulting from COVID-19 related rent concession
the same way it would account for the changes under Ind AS 116, if changes were not lease
modifications. This Amendment had no impact on the standalone financial statements of the
Company.

1.30 Amendment to Ind AS 1 and Ind AS 8: Definition of material:

The Amendments provide a new definition of material that states "information is material
if omitting, misstating or obscuring it is reasonably be expected to influence decisions that
the primary uses of general purpose financial statements make on the basis of those financial
statements, which provide financial information about specific reporting entity" . The
amendments clarify that materiality will depend on the nature of magnitude of information,
either individually or in combination with other information, in the context of the financial
year statements. A misstatement of information is material if it could reasonably be expected
to influence decisions made by the primary users. These amendments had no impact on
standalone financial statements of the company.

1.31 Amendment to Ind AS 107 and Ind AS 109: Interest Rate Benchmark Reform:

The amendments to Ind AS 109 Financial Instruments: Recognition and Measurements
provide number of reliefs, which apply to all hedging relationships that are directly affected
interest rate benchmark reform. A hedging relationship is affected if the reform gives raise
to uncertainty about the timing and/or amount of bench mark -based cash flow of hedging
items or hedging instrument. These amendments have no impact on the standalone financial
statements of the company as it does not have any interest rate hedge relation.

The amendment to Ind AS 107 prescribe the disclosure which entities are reguired to make
for hedging relationship to which the reliefs as per the amendments in Ind AS 109 are apply.
This amendment had no impact on the standalone financial statement of the company

40. Details of Loans given. Investments made and Guarantee given covered Under Section
186(4) of the Companies Act, 2013.

The company has not extended any Corporate Guarantees in respect of loans availed by any
company/firm as at March 31, 2024.

The information has been given in respect of such vendors to the extent they could be
identified as micro and small enterprises on the basis of information available with company.

As per the information provided / submitted by the Company, there are no dues to Micro,
Small and Medium Enterprises covered under ( ''MSMED'' Act, 2006).

42. Financial Risk Management

In course of its business, the company is exposed to certain financial risk such as market risk
(Including currency risk and other price risks), credit risk and liquidity risk that could have
significant influence on the company'' s business and operational/financial performance. The
Board of directors reviews and approves risk management framework and policies for
managing these risks and monitor suitable mitigating actions taken by the management to
minimize potential adverse effects and achieve greater predictability to earnings.

43. Credit Risk

Credit risk refers to the risk that counterparty will default on its contractual obligations
resulting in financial loss to the company. The company has adopted a policy of only dealing
with creditworthy counterparties and obtaining sufficient collateral, where appropriate, a
means of mitigating the risk of financial loss from defaults.

The company makes an allowance for doubtful debts/advances using expected credit loss
model.

44. Liquidity risk

Liquidity risk refers to the risk that the company cannot meet its financial obligations. The
objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds
are available for use as pre requirements. The Company'' s exposure to liquidity risk is minimal
as the promoters of the company is infusing the funds based on the requirements.

45. Amounts have been rounded off to nearest Rupee.

The notes are an integral part of the financial statements

As per our report of even date For and on behalf of the Board

For V. RAVI & CO., For MUDUNURU LIMITED

Chartered Accountants

Sd/ Sd/

Firm Reg No.006492S M Madhusudan Raju T Kiran

CA D. Ramesh Kumar Director Director

Partner DIN: 00471678 DIN: 007585133

Membership No.217139
UDIN: 24217139BKBMGH1976

Sd/- Sd/-

P Rajashekar Neha Singhal

Place: Visakhapatnam CFO CS

Date : 30^th May 2024

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Mar 31, 2015

1. Company Overview

Green Field Agri Ventures Limited a technology-enabled IT solutions company, foreseeing future needs & exigencies, delivering excellent products of high quality and reliability with unflinching commitment and having emphatic global marketpresence. Green Field specialized in agri related software and hardware solutions, with proven reputation for delivering high quality solutions to a broad spectrum of industry verticals.

2. Contingent Liabilities:Nil

3. Dues to micro and small-scale industrial undertakings

As at March 31, 2015 as per available information with the company, there are no dues to small scale Industrial Undertakings.

4. Particulars of Employees required in pursuant to the provisions of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014- Nil.

5. Financial figures have been rounded off to nearest rupee.

6. Previous year figures have been regrouped wherever if thought necessary in conformity with the current year groupings. Paise have been rounded off to the nearest rupee.

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Mar 31, 2014

1. Contingent Liabilities: Nil

2. The Company has no Subsidiaries.

3. Directors Remuneration: Nil

4. The Company''s Loans and Advance are other than Hire Purchase Advances.

5. Auditors Remuneration : Rs. 75,000/- (Last Year: Rs. 50,000/-)

6. Earnings per share:

In determining earnings per share, the company considers the net profit after tax and includes the past tax effect of any extraordinary/exceptional item.

Particulars Amounts in Rupees

31.03.2014 31.03.2013

Weighted average number of shares outstanding 47,85,500 47,85,500

Face value of equity shares 10 10

Net Profit after tax 46,87,371 11,56,968

Earnings per share 0.98 0.25

7. Foreign Exchange earned and outgo Earnings: FOB Value of Exports : Rs. 4,76,76,852/-

Out Go:

Expenditure in Foreign Currency : Rs. 20,45,937/-

8. Dues to micro and small-scale industrial undertakings

As at March 31, 2014 as per available information with the company, there are no dues to small scale Industrial Undertakings.

9. Related party transactions:

As per AS-18 issued by The Institute of Chartered Accountants of India, the disclosures of transactions with the related parties as defined in the Accounting Standard are NIL.

10. There were no employees in respect of remuneration of Rs. 24,00 ,000/- or more per annum or Rs. 2,00,000/- or more per month, if employed for part of the year.

11. Additional information pursuant paragraphs 3, 4C and 4D of part II of schedule of VI of the companies Act, 1956 is not applicable to the Company.

12. Financial figures have been rounded off to nearest rupee.

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Mar 31, 2013

1. Contingent Liabilities: NIL

2. Dues to micro & small-scale industrial undertakings: As at March 31, 2013 as per available information with the company, there are no dues to small scale industrial undertakings.

3. Additional Information pursuant to the provisions of Paragraph 3, 4C and 4D of part II of schedule VI to the Companies Act is not applicable to the Company and nature of its business.

4. Directors Remuneration: Rs.12,00,000/- (Last Year: Rs.6,00,000/-)

5. Foreign Exchange earned and outgo Based on CIF basis

Net Exports: Rs. Nil

Imports: Rs. Nil (Last Year: Nil)

6. Segmental reporting:

The segmental reporting disclosure as required under Accounting Standard- 17 is not required since there are no reportable business and geographical segments.

7. Auditors remuneration :Rs.50,000/-(Last Year: Rs. 2,00,000/-)

8. Taxes

9. Confirmation of balances has not been received from some of the Creditors, Debtors and for Loans & Advances, which are subject to reconciliation. Provision for doubtful debts, if any, in respect of the above and the consequential adjustment, if any, whether of revenue nature or otherwise, will be dealt accordingly.

10. In determining earnings per share, the company considers the net profit after tax and includes the past tax effect of any extraordinary/exceptional item.

11. Forfeiture of Shares: During the year, the company has forfeited 35, 29, 000 Equity Shares of face value of Rs. 10 /- each and these forfeited shares are not issued back by the company during the year 2012-13. The forfeited amount of Rs. 2.5/- on each forfeited shares totaling of Rs. 88, 22, 500/- is transferred to Capital reserve account of the company.

12. Previous year’s figures have been regrouped, rearranged and reclassified, wherever necessary to match with the current year’s figures.

13. Paise have been rounded off to the nearest rupee.

14. Notes 1 to 30 form part of Balance Sheet and Profit and Loss account have been authenticated.

This is the Cash Flow Statement referred in our report of even date.

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Mar 31, 2011

Basis and presentation of financial statements disclosure

BASIS OF ACCOUNTING: The financial statements have been prepared by following the going concern concept on historical cost convention on an accrual basis and comply with the Accounting Standards issued by the Institute of Chartered Accountants of India and referred in Section 211(3C) of the Companies Act, 1956, of India (the "Act").

Disclosure of departure from accounting principle of accrual

Previous year's figures have been regrouped, rearranged and reclassified, wherever necessary to match with the current year's figures. 12. Paise have been rounded off to the nearest rupee. 13. Schedules 1 to 9 form part of Balance Sheet and Profit and Loss account have been authenticated.

Foreign currency transactions policies

1. FOREIGN EXCHANGE TRANSACTIONS: Transactions in foreign currencies are translated at the exchange rates prevailing on dates of transactions on case of purchases of materials; sale of goods and services rendered the exchange gains/losses on settlements during the year, are treated as expenditure and transferred to profit and loss account.

Earnings per share policy

In determining earnings per share, the company considers the net profit after tax and includes the past tax effect of any extraordinary/exceptional item. ParticularsAmount in Rupees 31.03.201131.032010 Weighted average number of shares outstanding 5,124,575 50,00,075 Face value of equity shares1010 Net Profit after tax 578,326 5,28,515 Earnings per share 0.11 0.11

2. In determining earnings per share, the company considers the net profit after tax and includes the past tax effect of any extraordinary/exceptional item.

1. Dues to micro & small-scale industrial undertakings: As at March 31, 2011 as per available information with the company, there are no dues to small scale industrial undertakings.

CASH FLOW STATEMENT

Cash flows are reported using the indirect method, whereby net profit before tax is adjusted for the effects of transactions of a non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from regular revenue generating, investing and financing activities of the company are segregated.

Disclosure of amount due to micro medium and small enterprises [text block]

Dues to micro & small-scale industrial undertakings: As at March 31, 2011 as per available information with the company, there are no dues to small scale industrial undertakings.

Disclosure of directors and remuneration to directors [text block]

Directors Remuneration: Rs.4,50,000/- (Last Year: Nil)

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Mar 31, 2010

1. Contingent Liabilities : Nil

2. Segmental reporting :

The segmental reporting disclosure as required under Accounting Standard-17 is not required since there are no reportable business and geographical segments.

3. Related party disclosure: No related party transactions during the year.

4. In determining earnings per share, the company considers the net profit after tax and includes the past tax effect of any extraordinary/exceptional item.

5. The company has provided deferred tax liability recognised in accordance with Accounting Standard interpretation issued by the Institute of Chartered Accountants of India.

6. Previous year figures have been regrouped / rearranged wherever necessary in order to conform to the Current year's presentation.

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Mar 31, 2009

1. Previous year's figures and heads of accounts have been regrouped/rearranged wherever necessary.

2. Debit & Credit balances are subject to confirmation/

3. The classification of Debtors and Loans is made by the Company. The company has not made provision for Bad debts of Debtors/ loans advances for doubtful recovery amounting to Rs. 93.90 Lacs.

4. Provision for gratuity has not been made, as no employee has put in the service of qualifying period of entitlement of this benefit.

5. Due to non availability of adequate profits, brought forward public issue expenses (deferred revenue) have not been written off during the year amounting to Rs. 4.34 Lacs.

6. Pursuant to AS-18 the name, relationship and particulars of transactions with related parties during the year is as under :

The Following transactions were carried with the related party in the ordinary course of business

a) Subsidiary Companies.

Joint Venture and Associates: -NIL-

b) Interested companies -NIL- Related Company :

7. Information in pursuant to para 3 & 4 of part II of Schedule VI to the Companies Act. 1956 (to the extent applicable to the Company): Not applicable as the company Is not engaged in manufacturing and/ or retail business during the year

8 The company had advanced money towards construction of building amounting to Rs 2.75 Crores.

9. The company had undertaken a review of the old outstanding balances during the year and it has settled some of the credit balances against the debit balances in some of the accounts. The result of such netting did not have any impact on the Profit or Loss of the company.

The Company during the year was engaged in the business of development & maintenance of computer software and other related services. The production