Notes to Accounts of Baron Infotech Ltd.

Jun 30, 2014

1. Debit & Credit balances in sundry debtors, loans & advances and creditors are subject to confirmation.

2. Current Liabilities 30.06.2014 30.06.2013

Dues to Micro and Small Enterprises: NIL NIL

3. Foreign Exchange Inflow/Outflow

During the year company entered into an agreement with foreign company related to software. Based upon the agreement only the company has recognized a portion of revenue.

4. Related Party Transactions

The following persons are directors/ related parties in the company.

N.V.Rama Raju - - Managing Director.

N.Srinivasa Raju - - Director.

K.V.Narasimha Raju - - Director.

A.Chandrasekhar - - Director.

K.Manohar Raju - - Director.

K.Ramakrishna Raju - - Director.

During the Year there are no related party transactions.

5. Deferred Taxation

Deferred tax will be accounted based on the virtual certainty on the profit earning capacity of the company.

6. Contingent Liabilities 30.06.2014 30.06.2013

Contingent liabilities as at end of the year: NIL NIL

7. Quantitative Details

During the company has not dealt with any material / goods hence particulars to be given such as quantitative details of sales and the information as required under paragraph 3, 4c, and 4d of part II of Schedule VI to the Companies Act, 1956 may be treated as NIL.

8. General

During the year ended June 30, 2013 the revised Schedule VI notified under the Companies Act 1956, has become applicable to the company, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosures made in the financial statements. The company has also reclassified the previous year figures in accordance with the requirements applicable in the current year. and all figures are adjusted to nearest rupee.

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Jun 30, 2013

1. Debit & Credit balances in sundry debtors, loans & advances and creditors are subject to confrmation.

2. Current Liabilities 30.06.2013 30.06.2012

Dues to Micro and Small Enterprises: NIL NIL

3. Quantitative Details

During the company has not dealt with any material / goods hence particulars to be given such as quantitative details of sales and the information as required under paragraph 3, 4c, and 4d of part II of Schedule VI to the Companies Act, 1956 may be treated as NIL.

4. General

During the year ended June 30,2013 the revised Schedule VI notifed underthe Companies Act 1956, has become applicable to the company, for preparation and presentation of its fnancial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of fnancial statements. However, it has signifcant impact on presentation and disclosures made in the fnancial statements. The company has also reclassifed the previous year fgures in accordance with the requirements applicable in the current year. and all fgures are adjusted to nearest rupee.

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Jun 30, 2011

1. Depreciation

Debit & Credit balances in sundry debtors, loans & advances and creditors are subject to conformation.

2. Current Liabilities 30.06.2011 30.06.2010

Dues to Micro and Small Enterprises: NIL NIL

3. Foreign Exchange Infow/Outfow

During the year company entered into an agreement with foreign company related to software. Based upon the agreement only the company has recognized a portion of revenue.

4. Related Party Transactions

The following persons are directors/ related parties in the company.

N.V.Rama Raju - - Managing Director.

N.Srinivasa Raju - - Director.

K.V.Narasimha Raju - - Director.

A.Chandrasekhar - - Director.

K.Manohar Raju - - Director.

K.Ramakrishna Raju - - Director.

During the Year there are no related party transactions.

5. Deferred Taxation

Deferred tax will be accounted based on the virtual certainty on the profit earning capacity of the company.

6. Contingent Liabilities 30.06.2011 30.6.2010

Contingent liabilities as at end of the year NIL NIL

7. Quantitative Details

During the company has not dealt with any material / goods hence particulars to be given such as quantitative details of sales and the information as required under paragraph 3, 4c, and 4d of part II of Schedule VI to the Companies Act, 1956 may be treated as NIL.

8. General

Previous year figures in respect of Balance Sheet and Profit & Loss Account have been rearranged, regrouped, reclassified and recast wherever necessary to conform to current year's classification and all figures are adjusted to nearest rupee.

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Jun 30, 2010

1. Debit & Credit balances in sundry debtors, loans & advances and creditors are subject to confirmation.

2. Foreign Exchange Inflow/Outflow

During the year company entered into an agreement with foreign company related to software. Based upon the agreement only the company has recognized a portion of revenue.

3. Related Party Transactions

The following persons are directors/ related parties in the company.

N.V.Rama Raju - Managing Director.

S.N.Pavan - Director.

Subhash S. Dutta - Director.

N.Srinivasa Raju - Diretcor.

K. Ramakrisha Raju - Director.

K. Manohar Raju - Director.

During the Year there are no related party transactions.

4. Deferred Taxation

Deferred tax will be accounted based on the virtual certainty on the profit earning capacity of the company.

5. Contingent Liabilities 30.06.2010 30.06.2009

Contingent liabilities as at end of the year: NIL NIL

6. Quantitative Details

During the company has not dealt with any material / goods hence particulars to be given such as quantitative details of sales and the information as required under paragraph 3, 4c, and 4d of part II of Schedule VI to the Companies Act, 1956 may be treated as NIL.

7. General

Previous year figures in respect of Balance Sheet and Profit & Loss Account have been rearranged, regrouped, reclassified and recast wherever necessary to conform to current year's classification and all figures are ad- justed to nearest rupee.