Notes to Accounts of Millennium Cybertech Ltd.

Mar 31, 2014

1) Pursuant to the Notification No. 447 (E) dated February 28, 2011 and Notification No.653 (E) dated March 30, 2011, issued by the Ministry of Corporate Affairs, the Company has prepared its financial statements for the year ended March 31, 2014 as per revised schedules VI to the Companies Act, 1956. Accordingly, the previous year''s figures have been regrouped / reclassified, wherever required to align the financial statements to the revised format.

a. Balance on sundry Creditors and Loans are subject to confirmation and reconciliation from respective parties.

b. In the opinion of the Board of Director of the Company aggregate value of current Assets, Loans & Advances on realization in the ordinary course of business will not be less than the amount at which these stated in the Balance Sheet.

c. Previous year figures have been regrouped / reclassified wherever necessary.

d. Amounts are rounded off to the nearest rupee.

e. Earning in Foreign Exchange Nil

f. Remittance in Foreign Exchange Nil

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Mar 31, 2013

A. Balance on sundry Creditors and Loans are subject to confirmation and reconciliation from respective parties.

b. In the opinion of the Board of Director of the Company aggregate value of current Assets, Loans & Advances on realization in the ordinary course of business will not be less than the amount at which these stated in the Balance Sheet.

c. Previous year figures have been regrouped / reclassified wherever necessary.

d. Amounts are rounded off to the nearest rupee.

e. Earning in Foreign Exchange Nil

f. Remittance in Foreign Exchange Nil

g. Directors Remuneration Current Yr. Previous Yr.

Nil Nil

h. Payment to Auditors'' Current Yr Previous Yr

Audit Fees 7500.00 7500.00

Income tax matter Nil Nil

Other Matters Nil Nil

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Mar 31, 2012

NOTE NO. 1 CONTINGENT LIABILITIES AND COMMITMENT

PARTICULARS Amount of Amount of current period previous period

a) Contingent Liabilities - -

i) Claim against the company not acknowledged

ii) Guarantees

iii) Other Money for which the company is contingent liable

b) Commitments - -

i) Estimated amt. of contracts remaining to be executed on capital account and not provided for

ii) Uncalled liability on share and other investments parties

iii) Other Commitments -

a. Balance on sundry Creditors and Loans are subject to confirmation and reconciliation from respective parties.

b. In the opinion of the Board of Director of the Company aggregate value of current Assets, Loans & Advances on realization in the ordinary course of business will not be less than the amount at which these stated in the Balance Sheet.

c. Previous year figures have been regrouped / reclassified wherever necessary.

d. Amounts are rounded off to the nearest rupee.

e. Earning in Foreign Exchange Nil

f. Remittance in Foreign Exchange Nil

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Mar 31, 2010

1. TAX PROVISION

The provisions for taxation has been made in the accounts as per applicable provisions.

2. PAYMENTS OF AUDITORS

As Audit Fees Rs. 10000/- (Prv. Yr Rs. 10,000/-)

As Incometax/Other matter Rs. NIL (Prv. Yr. Rs. NIL)

3. RELATED PARTY TRANSACTION

No Transactions/ Payments have been entered into / paid to related parties during the year under review.

4. No employee has been paid in respect of remuneration which is in the aggregate exceeded Rs. 24,00,000/- per annum or Rs. 2,00,000 /- per month.

5. Contingent liabilities not provided for is Rs. NIL (P.Y. NIL)

6. C.I.F. value of Imports Rs. NIL

7. Earnings in foreign Currency Rs. NIL

8. Pr. Yr. Figures have been regrouped & recasted whenever necessary.

9. Compliance with Reserve Bank of India Prudential Norms

Income recognition, provisioning and assets classification are in accordance with norms prescribed by Reserve Bank of India from time to time.

Schedule to the Balance Sheet of a Non-deposit taking Non-Banking Financial Company as required in terms of Paragraph 13 of Non-Banking Financial (Non- Deposit Accepting or Holding)Companies. Prudential Norms (Reserve Bank) Directions 2007 :

a) Disclosure in respect of related party transaction :

(i) Borrower wise : Nil

(ii) Investor wise : Nil

b) Position of non-performing assets and business levels is lease and hire purchase and other activities:

(i) Equipment leasing : Nil

(ii) Hire Purchase Finance, Loan, Investment : Nil

Disclosure In respect of related parties pursuant to Accounting Standard 18:

a) List of related parties : NIL

b) List of Associates : NIL

c) During the year, no transaction was carried out with the related parties in the ordinary course of the business.

Other information:

a) Gross Non-performing assets with related parties : NIL

b) Gross Non-performing assets with other than related parties : NIL

c) Net Non-performing assets with related parties : NIL

d) Net Non-performing assets with other than related parties : NIL

e) Assets acquired in satisfaction of debt : NIL

Special Reserve

Consequent to the Reserve Bank of India (Amendment) Act, 1997 coming into force effective January 9, 1997 where in all Non-banking Companies are required to transfer a sum not less than 20 % of its net profit after Tax to a special reserve wherever the net profit is adequately available, the company has duly complied with the RBI norms in this regards.