Notes to Accounts of G-Tech Info-Training Ltd.

Mar 31, 2014

DISCLOSURES

1.1 No Bonus shares issued immediately preceding five years from the date of balance sheet.

1.2 Shareholders holding more than 5% of equity shares as at the end of the year:

The Previous year figures have been regrouped, rearranged wherever necessary.

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Mar 31, 2013

1. In the opinion of the management, the Current Asset, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

2. Balance of Creditors and Loans & Advances and balance of Bank Current account are subject to confirmation.

3. The Company did not have any transactions with small scale industrial (SSI) undertaking during the year ended March 31 , 2013 and hence there are no amounts due to such undertaking, further the identification of SSI undertaking is based on the managements knowledge of their status.

4. Provision for income tax has been made by the company. There is no reasonable certainty that sufficient taxable income will be available in future against deferred tax assets on account of accumulated carry forward losses at the beginning of the year. Accordingly deferred tax assets as at the beginning of the year and that for the year has not been recognized as prescribed by the Accounting Standard AS 22 "Tax on Income" prescribed by the institute of Chartered of India.

5. The Company had made strategic investments in the shares of unquoted entities and the values of these investments have eroded substantially over a period of time. Thus Rs.NIL (Previous year Rs.35,574,992/-) have been reflected as investments written off for the year under review.

6. Proposed Reduction of Capital: The Company has proposed a reduction of paid- up capital from 100,000,000/-( Rupees Ten Crores Only) consisting of 100,000,000/- (Ten Crores) equity shares of Re.1/- each fully paid up to Rs. 3,500,000/- (Rupees Thirty Five Lacs Only) divided in to 3,500,000 (Thirty Five Lacs) equity shares of Re.1/- each fully paid up i.e. by an amount of Rs. 96,500,000/- (Nine Crores Sixty Five Lacs Only), the amount by which the capital is proposed to be so reduced to reflect the present true financial position of the Company and that such reduction be effected by proportionately cancelling and extinguishing 96,500,000 (Nine Crores Sixty Five Lacs) Equity Shares of Re. 1/- each held by shareholders constituting 96.5% of the issued and paid-up capital of the Company, subject to confirmation of the High Court of Judicature at Bombay the Court.

7. The Implementation of Accounting Standard (AS-20) "Earning per Share" issued by the Institute of Chartered Accountants of India.

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Mar 31, 2012

A. Rights, Preference and Restrictions attached to Shares:

Equity Shares

(i) The Company has only one class of Equity Shares having a par value of'Re. 1/- per share. Each holder of Equity Share is entitled to One Vote per share held.

(ii) In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive remaining assets of the Company, after distribution of all Preferential Amounts in proportion to the number of equity shares held by the share holders.

(iii) During the year March 31, 2012, the amount of dividend per share recognised as distributions to equity shareholders is Rs. Nil (March 31, 2011: Rs.Nil)

b. Aggregate number of Bonus Shares issued, Share issued for Consideration other than Cash and Shares Bought Back during the period of five years immediately preceding the Balance Sheet date.

The Company has not issued any bonus shares nor has there been any buy back of shares during five years immediately preceding the Balance Sheet date.

c. Details of Shareholders holding more than 5% Shares in the Company Nil

*As per the information available with the Company, none of the creditors qualify as supplier under The Micro, Small and Medium Enterprises Development Act, 2006 "the Act" and accordingly no disclosure is made u/s 22 of "the Act"

1. Payment to Auditors:

Year Ended Year Ended 31.03.2012 31.03.2011

Audit Fees Rs. 27575/- Rs. 27575/-

2. In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

3. Balance of Creditors and Loans & Advances and balances of Bank current account are subject to confirmation.

4. The Company did not have any transactions with small scale industrial (SSI) undertaking during the year ended march 31st, 2012 and hence there are no amounts due to such undertaking. Further the identification of SSI undertaking is based on the management's knowledge of their status.

5. Provision for income tax has been made by the Company. There is no reasonable certainty that sufficient taxable income will be available in future against deferred tax assets on account of accumulated carry forward losses at the beginning of the year. Accordingly deferred tax assets as at the beginning of the year and that for the year has not been recognized as prescribed by the Accounting Standard AS 22 "Tax on Income" prescribed by the institute of Chartered of India.

6. Additional information pursuant to paragraph 3 of the part II of the Schedule VI to the Companies Act, 1956 is not applicable to the Company.

7. The implementation of Accounting Standard (AS-20) "Earning per Share" issued by the Institute of Chartered Accountants of India.

8. No provision for Gratuity has been made in the accounts as none of the employees of the Company have completed five years of services as required by the payment of Gratuity Act.

9. Till the year ended 31st March 2011, pre-revised Schedule VI to the Companies Act 1956 was being used for preparation and presentation of financial statements. During the year ended 31st March 2012, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the company. Accordingly, the company has reclassified figures of previous year to confirm to this year's classification. On adoption of the revised Schedule VI, there has been no significant impact on recognition and measurement principles followed for preparation of financial statements.

10. The Company had made strategic investments in the Shares of Unquoted entities and the value of these investments have eroded substantially over a period of time. Thus Rs. 35,574,992/- have been reflected as investments written off for the year under review.

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Mar 31, 2011

A) In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

B) Balance of Creditors and Loans & Advances and balances of Bank current account are subject to confirmation.

C) The Company did not have any transactions with small scale industrial (SSI) undertaking during the year ended march 31st, 2011 and hence there are no amount due to such undertaking the identification of SSI undertaking is based on the management's knowledge of their status.

D) Provision for income tax has been made by the Company. There is no reasonable certainty that sufficient taxable income will be available in future against which deferred tax assets on account of accumulated carry forward losses at the beginning of the year. According deferred tax assets as at the beginning of the year and that for the year has not been recognized as prescribed by the Accounting Standard AS 22 "Tax on Income" prescribed by the institute of Chartered of India.

E) CIF Value of Imports NIL

F) Additional information pursuant to paragraph 3 of the part II of the Schedule VI to the Companies Act, 1956 is not applicable to the Company.

G) The implementation of Accounting Standard (AS-20) "Earning per Share" issued by the Institute of Chartered Accountants of India.

H) No provision for Gratuity has been made in the accounts as none of the employees of the Company have completed six years of services as required by the payment of Gratuity Act.

I) Previous period figures have been appropriately reclassified! Re cast to confirm to the current period's presentation.

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Mar 31, 2010

1. In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

2. Balance of Creditors and Loans & Advances and balances of Bank current account are subject to reconciliation, since confirmation has not been received from them. Necessary entries shall be passed on the receipt of the same, if required.

3. There are no dues to small scales industrial undertaking more than Rs. 1 Lacs under sundry creditors.

4. Provision for income tax has been made by the Company. There is no reasonable certainty that sufficient taxable income will be available in future against which deferred tax assets on account of accumulated carry forward losses at the beginning of the year and losses for the year can be realized. According deferred tax assets as at the beginning of the year and that for the year has not been recognized in the accounts as prescribed by the Accounting Standard AS 22 »Tax on Income" prescribed by the Institute of Chartered of India.

5. Additional information pursuant to paragraph 3 of the part II of the Schedule VI to the Companies Act, 1956 is not applicable to the Company.

6. No provision for Gratuity has been made in the accounts as none of the employees of the Company have completed six years of services as required by the Payment of Gratuity Act.

7. Previous period figures have been appropriately reclassified! Recast to confirm to the current period's presentation.

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Mar 31, 2009

1. In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

2. Balance of Creditors and Loans & Advances and balances of Bank current account are subject to reconciliation, since confirmation has not been received from them. Necessary entries shall be passed on the receipt of the same, if required.

3. There are no dues to small scales industrial undertaking more than Rs. 1 Lacs under sundry creditors.

4. Provision for income tax has been made by the Company. There is no reasonable certainty that sufficient taxable income will be available in future against which deferred tax assets on account of accumulated carry forward losses at the beginning of the year and losses for the year can be realized. According deferred tax assets as at the beginning of the year and that for the year has not been recognized in the accounts as prescribed by the Accounting Standard AS 22 Tax on Income" prescribed by the Institute of Chartered of India.

5. CIF Value of Imports NIL

6. Expenditures in Foreign Currencies NIL

7. Remittance in Foreign Currency NIL 11 Earning in Foreign Currency NIL

8. Additional information pursuant to paragraph 3 of the part II of the Schedule VI to the Companies Act, 1956 ^^STripf*5»|[icable to the Company.

9. No provision for Gratuity has been made in the accounts as none of the employees of the Company have completed six years of services as required by the Payment of Gratuity Act.

10. Previous period figures have been appropriately reclassified! recast to confirm to the current periods presentation