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Notes to Accounts of Gamma Infoway Exalt Ltd.

Mar 31, 2013

DETAILS OF MICRO, MEDIUM & SMALL ENTERPRISES

The company has no due to micro and small enterprises during the year ended March31,2013 and March 31,2012 and as atMarch 31,2013 andMarch31,2012.

RELIABILITY

We have relied and considered the figure of previous year audit, especially in the case of sundry creditors, sundry debtors, loan and advances and unsecured loan out standing on first day of the current year i.e. 1st April, 2012. further they are subject to confirmation of the respectives parties.

PREVIOUS YEAR''S FIGURES

The Revised Schedule VI has become effective from 1 April, 2012 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.


Mar 31, 2011

1. Contingent Liability at the yearend amounts to Nil.

2. Sundry Debtors aggregating to Rs 58.90 Lacs (PY 165.75 Lacs) have been considered 'good', though the same are outstanding for a considerable period of time. No provision has been made against these amounts as the management expects that the same would be recovered in due course of time and that no provision is required to be made at this stage.

3. The Company has not received any information from its suppliers regarding registration under The Micro, Small and Medium Enterprises Development Act, 2006.' Hence, the information required to be given in accordance with Section 22 of the said Act, is not ascertained and not disclosed.

4. Related party disclosure:

The related party relationships have been determined on the basis of the requirements of the Accounting Standard (AS)-18 Related Party Disclosures issued by the Institute of Chartered Accountants of India.

5. Deferred tax assets / liabilities (net)

In view of the uncertainty regarding the extent to which the Unabsorbed Business Loss of previous years could be set off in subsequent year's business profit , as a prudent measure Deferred tax asset as on 31/03/2011 has been recognized as Rs Nil.(PY Rs Nil) .

6. Previous year's figures have been rearranged or regrouped, wherever considered necessary.


Mar 31, 2010

1. Contingent Liability at the yearend amounts to Nil.

2. Sundry Debtors aggregating to Rs 165.75.31 Lacs (PY 42.31 Lacs) have been considered good, though the same are outstanding for a considerable period of time. No provision has been made against these amounts as the management expects that the same would be recovered in due course of time and that no provision is required to be made at this stage.

3. The Company has not received any information from its suppliers regarding registration under The Micro, Small and Medium Enterprises Development Act, 2006. Hence, the information required to be given in accordance with Section 22 of the said Act, is not ascertained and not disclosed.

4. Related party disclosure:

The related party relationships have been determined on the basis of the requirements of the Accounting Standard (AS)-18 Related Party Disclosures issued by the Institute of Chartered Accountants of India.

5. Deferred tax assets / liabilities (net)

In view of the uncertainty regarding the extent to which the Unabsorbed Business Loss of previous years could be set off in subsequent years business profit , as a prudent measure Deferred tax asset as on 31/03/2010 has been recognized as Rs Nil.(PY Rs Nil)

6. Previous years figures have been rearranged or regrouped, wherever considered necessary.

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