Shonkh Technologies International Ltd. के अकाउंट के लिये नोट

Mar 31, 2010

1. CONTINGENT LIABILITIES

Current Period Previous Year

31.03.2010 31.12.2008

(Rs. in Lacs) (Rs. In Lacs)

i) Bank Guarantee 26.44 26.44

2. Managerial remuneration under Section 198 of the Companies Act, 1956 paid or payable during the year to the Directors.

Directors Remuneration Nil Nil

3. (i) Provision for Income Tax considering section 115JB is made on the basis of taxable profits for the previous year ending 31st March each year, as defined under Income Tax Act 1961.

(ii) No provision of interest on TDS payable and interest on provision for Income Tax u/s 234(A), (B) & (C) of Income Tax Act is made until the date of filing the respective returns.

4. In the opinion of the Board the value on realization of Current Assets, Loan and Advances in the ordinary course of business shell not be less then the amount at which they are stated in the Balance Sheet and provision for all known liabilities have been made and contingent liabilities disclosed properly.

5. In the opinion of the Board the value on realization of Current Assets, Loans and Advances in the ordinary course of business shall not be less than the amount at which they are stated in the Balance Sheet and provision for all known liabilities have been made and contingent liabilities disclosed properly.

6. All direct and indirect expenditure, including cost of finance, incidental to the projects under construction implementation are accumulated and shown under the head "Capital Work in Progress" and "preoperative expenditure" (pending allocation) until the commencement of commercial production.

7. The Company has come in to the Preview of Section 3(1 )(o) of sick Industrial Companys Act as its net worth has been eroded to the extent of 50% by its accumulated losses as on 31.03.2010.

8. Other Information

a) The company is engaged in the development of computer software and smart cards. 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 sales and the information as required under paragraphs 3 and 4C of Part II of Schedule VI of the Companies Act, 1956.

c) Earning in Foreign Exchange NIL

d) CIF value of Imports NIL

e) Expenditure in Foreign Currency NIL

f) The company has a full time Company Secretary as required u/s 383(A) of the Companies Act, 1956.

g) Related Party Disclosure

a) Key Management Personnel

1)Dilip Kumar Jha

b) Disclosure of transactions between the company and related parties. Remuneration to Key Management Personnel or Director : Nil

h) Earning per Share Basic NIL

(a) Profit after Tax NIL

(b) No. of Equity Shares 1,75,13,093

(c) Earning per share NIL

i) The Company is dealing only in one segment software development. Hence, the disclosure requirement of As-17 is not applicable to the company.

k) The Figures of the previous year Figures i.e 12 months are not comparable as current period figures are of a period of 15 months ended 31.03.2010