Notes to Accounts of Silicon Valley Infotech Ltd.

Mar 31, 2015

The Company has only one class of equity shares having a par value of Rs.1 per share. Each share holder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferntial amounts, in proportion of their shareholding.

1. The above loan is secured against movable and immovable properties except book debts both present and future in respect of wind power project and guaranted by a director and a ex-director.

2. The company has not made any provision for interest amounting to Rs. 41.50 lac during the year on the above loan.

3. - REC has filed a recover suit against the company for recovery of dues which is pending at the Court of Law. The Company has paid Rs. 100 lacs during the year on the directives received from the Court.

4. - Related Party Disclosure

i) Name of the Related Party :

Key Management Personnel :

Mr. Santosh Kumar Jain - Managing Director

Mr. Taposh Kumar Mullick - Director

Mr. Ramen Chatterjee - Director

Miss. Krishna Banerjee - Director

Miss. Shilpa Kamdar - Company Secretary

Mr. Gautam Saha - CFO

ii) Enterprises over which above person has signification influence :

ATN International Ltd.

CMS Finvest Ltd.

Herald Commerce Ltd.

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Mar 31, 2014

Note 1.1- The above loan is secured against movable and immovable properties except book debts both present and future in respect of wind power project and guaranteed by a director and a ex- director.

Note 1.2- The company has not made any provision for interest for interest amounting to Rs.41.50 lac during the year on the above loan.

Note 1.3- REC has filed a recover suit against the company for recovery of dues which is pending at the Court of Law. The Company has paid Rs.100 lacs during the year on the directives received from the Court.

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Mar 31, 2013

The Company has only one class of equity shares having a par value of Rs.l''per share. Each share holder is eligible for one vote per share. The dividend proposed by the Board of Directors issubject to the approval of shareholders except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferntial amounts, in proportion of their shareholding.

Note 1.1 - The above loan is secured against movable and immovable properties except book debts both present and future in respect of wind power project and guaranteed by a director and a ex-director.

Note 1.2 - The company has not made any provision for interest amounting to Rs.41.50 lac during the year on the above loan.

Note 1.3 - REC has filed a recover suit againts the company for recovery of dues which is pending at the Court of Law. The Company has paid Rs. 100 lacs during the year on the directives received from the Court.

Notes:

1. As defined in paragraph 2(1)(xii) of Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

2. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value / NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

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Mar 31, 2012

The Company has only one class of equity shares having a par value of Rs.1 per share. Each share holder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferntial amounts, in proportion of their shareholding.

Note 1.1 - The above loan is secured against movable and immovable properties except book debts both present and future in respect of wind power project and guaranteed by a director and a ex-director.

Note 1.2 - The company has not made any provision for interest for interest amounting to Rs.41.50 lac during the year on the above loan.

Note 1.3 - REC has filed a recover suit agains the company for recovery of dues which is pending at the Court of Law. The Company has paid Rs.100 lacs during the year on the directives received from the Court.

Notes:

1. As defined in paragraph 2(1)(xii) of Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

2. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value / NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

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Mar 31, 2011

A. QUANTITATIVE DETAILS OF GOODS TRADED :

B In the opinion of the Management, the Sundry Debtors, Loans & Advances and Current Assets have a value on realisation in the ordinary course of business at least equal to amount at which they are stated in the Balance Sheet.

C. Earning & Expenditure in foreign currency- Nil (Nil)

D. Certain balances of Sundry Debtors, Sundry Creditors and Loans & Advances are subject to confirmation.

E. The Company has not made any provision for interest amounting to Rs. 41.50 lakhs (Rs. 41.50 lakhs) in respect of Loan taken from REC during the year.

F. Since the Company has operated only in one segment i.e. Trading in Shares & Securities, provisions relating to segment wise Report as per AS -17 are not applicable.

G. RELATED PARTY DISCLOSURES :

List of Related Parties with whom transactions have taken place during the year:

a) Key Management Personnel, Directors Relatives

1) Santosh Kumar Jain Managing Director

2) Taposh Kumar Mullick Director

3) Ramen Chatterjee Director

b) Enterprises over which above person has significant influence:

NIL

c) Transaction with the persons mentioned in (A) above :

Remuneration Rs. 12,00,000/-

d) Transaction with the enterprises mentioned in (B) above :

Purchase of Shares during the year -

Sale of Shares during the year -

H. Deferred Tax:

In view of no virtual certainty of future profits to set off losses, no provision for deferred tax has been made as required.

I. The Company has made no provision for interest accrued amounting to Rs. 35.54 (Previous year Rs. 35.54 Lacs) as the matter is Subjudice Before Hon'ble Debt Recovery Tribunal in respect of amount payable to Rural Electrification.

J. Information pursuant to Part IV Schedule VI to the Companies Act 1956 has been given in Annexure - I.

K. Information pursuant to paragraph 9BB of Non Banking Financial Companies Prudential Norms (Reserve Bank) Directions 1998 has been given in Annexure - II.

L. Retirement Benefits:

Provision for retirement benefits has not been made as no employee has put in the qualifying period of service for entitled of the benefit.

N. Figures in brackets represent previous year figures.

O. Schedule "A" to "R" annexed herewith are forming part of the Balance Sheet and the Profit & Loss Account.

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Mar 31, 2010

A. In the opinion of the Management, the Sundry Dabtors, Loans & Advances and Current Assets have a value on realisation in the ordinary course of business at least equel to acount at which they are staled in the Balance Sheet.

B Earning & Expenditure in forelgn currency- Nil (Nil)

C. Cartain balances of Sundry Debrots, Sundry Creditors and Loans & Advancss are subject to confirmation.

D. The Company has not made any provision for interest amounint to Rs. 41.50 lakhs (Rs. 41.50 lakhs( In respact of Loan taken from REC during the year.

E. Since the Company has opersted only in one segment i.e. Trading in Shares & Sacutities, provialons retaling to segment wise Report as per AS. 17 are not applicable.

F. RELATED PARTY DISCLOSURES:

List of Related Partlea with whorn transectton have taken palce during the year:

a) Key Management Parmonent Directors Relatives

1) Sanlcah Kumar Jain Managing Director

2) Taposh Kumar Mullick Direcotr

3) Raman Charrarjee Director

b) Enterprises over which above parson has significant influence:

1) Amluckla Invastment Co. Ltd.

2) ATN Intarnational Ltd.

3) Blue Chip India Ltd.

c) Transaction with the enterproses mantioned in (A) above:

Remuneration Rs. 12,00,000/-

d) Transaction with the enterprices mantioned in (B) above:

Purchase of Shares during the year Rs. 1,15,00,000/-

Sale ofShares during the year NIL

G. Deferred Tax:

In view of no virtual certainly of future to set off losses, no provision for delerred lax has been made as required.

H. The Company has made no provision for interest accrued amounting to Rs. 35.54 (Prevlous year Rs. 35.54 Lacs) as the matter in Subjudice Before Honble Debit Racovery Tribunal in respect of amount payable to RECLtd.

I. Information pursent to Part IV to the Companies Act 1956 has been give in Annexure - I.

J. Information Pursuant to paragraph 98B of Non Banking Financial Companies Purdental. Norms (Resarve Bank) Direction 1998 has been given Annexure - II.

K. Restrement Benifits:

Provision for retirament benefits has not been made as no employee has put in the qualfying period of service for entitaled of the benifit.

L. Eamings par Share:

The Company reports basic and dituted earings per wquity share in sccordance with Accounting Standard - 20 Earings per Share issued by the Institute of Chartered Accountants of India.

M. Figures in brackets represent privious year figures.

N. Shedule "A" to "R" annexed herewith are forming part of the Balances Sheet and the Profit & Loss Account.