Notes to Accounts of Innovation Software Exports Ltd.

Mar 31, 2014

1. Accounting period

The period of accounts under review is for 12 months

2. Share Capital

During the period under review, the authorized share capital of the Company was not changed.

3. Audit fees comprise the following.

Particulars As on 31.03.2014 As on 31.03.2013

Statutory Audit 12,000 12,000

Tax Audit 16,090 16,090

Certification & other matters — —

Total 28,090 28,090

4. No Remuneration or sitting Fees has been paid to any Directors.

5. Figures have been rounded off to the nearest rupee.

6. Previous year figures have been regrouped / reclassified wherever considered necessary.

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Mar 31, 2013

1. Accounting period

The period of accounts under review is for 12 months

2. Share Capital

During the period under review, the authorized share capital of the Company was not changed.

3. No Remuneration or sitting Fees has been paid to any Directors.

4. Figures have been rounded off to the nearest rupee.

5. Previous year figures have been regrouped / reclassified wherever considered necessary.

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Mar 31, 2012

1. Accounting period

The period of accounts under review is for 12 months

2. Share Capital

During the period under review, the authorized share capital of the Company was not changed.

3. No Remuneration or sitting Fees has been paid to any Directors.

4. Figures have been rounded off to the nearest rupee.

5. Previous year figures have been regrouped / reclassified wherever considered necessary.

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Mar 31, 2010

1. Accounting period

The period of accounts under review is for 12 months

2. Share Capital

During the period under review, the authorized share capital of the Company was not changed.

3. No Remuneration or sitting Fees has been paid to any Directors.

4. Figures have been rounded off to the nearest rupee.

5. Previous year figures have been regrouped / reclassified wherever considered necessary.

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Mar 31, 2009

1. Accounting period

The period of accounts under review is for 12 months

2. Share Capital

During the period under review, the authorized share capital of the Company was not changed.

3. No Remuneration or sitting Fees has been paid to any Directors.

4. Diminution in value of investments as on 31.03.2009 Rs. 16,82,000, which was long term in nature, has been charged to Profit & Loss Account, which in our opinion is prudent to show at lower of cost and net realizable value.

5. Cash shortage of Rs. 12,79,248/- relating to financial .year 2001-02, which is not physically available, has been charged to Profit and Loss A/c during the financial year due to availability of cash profit.

6. Figures have been rounded off to the nearest rupee.

7. Previous year figures have been regrouped / reclassified wherever considered necessary.