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Notes to Accounts of Softech Infinium Solutions Ltd.

Mar 31, 2014

1) Corporate information:

Softech Infinium Solutions Limited (the "company") was incorporated on 21st December, 1992.The company provides a wider range of information technology and consultancy services. The company has it's registered office at Chennai and the state of the art R & D Technology centre at the same building with necessary infrastructure for development, training and consultancy activities.

2) In terms of the General Circular No.2 /2011 dated 8/2/2011 of MCA, the company undertakes that annual accounts of the subsidiary company as may be applicable and the related information shall be made available to the shareholders of the holding and subsidiary companies seeking any information at any point of time. Also, kept open for inspection by any shareholders at the Registered Office of the holding company and of the subsidiary company. Further, these hard copy of the details of accounts of subsidiary shall be furnished to shareholder on demand.

3) Disclosure under Clause 32 of the listing Agreement

Amount of loans and advances in nature of loans outstanding from subsidiaries as at March 31,2014: - 0.13 - (0.13)


Mar 31, 2013

1) Corporate information:

Softech Infinium Solutions Limited was incorporated on 21st December, 1992.The company is primarily engaged in the business of Information Technology.

Softech Infinium Solutions Limited (the "company") provides a wider range of information technology and consultancy services. The company has it''s registered office at Chennai and the state of the art R & D Technology centre at the same building with necessary infrastructure for development, training and consultancy activities.

2) The Sales refers to Software consultancy income.

3) The salary include the Salary & Allowances paid to whole time Directors as under (Rs) Nil (Nil)

4) Expenditure in Foreign Currency :

(Rs) Nil (Nil)

5) Varies items pertaining to the previous year were regrouped, reclassified and rounded off pursuant to the revised schedule VI of the Companies Act, 1956 vide Ministry of Corporate Affairs notification reference number S.O. 447(E) dated 28th February. 2011.

6) a) Classification of Assets : An asset shall be classified as current when it satisfies any of the following criteria: i. it is expected to be realized in. or is intended for sale or consumption in, the company''s normal operating cycle; ii. it is held primarily for the purpose of being traded; iii. it is expected to be realized within twelve months after the reporting date; or iv. it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting date.

All other assets shall be classified as non -current.

7) b) Classification of Liabilities: A liability shall be classified as current when it satisfies any of the following criteria:

i. it is expected to be settled in the company''s normal operating cycle; ii. it is held primarily for the purpose of being traded; iii. it is due to be settled within twelve months after the reporting date; or iv. the company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification. All other liabilities shall be classified as non-current.

b) Rights, preferences and restrictions attached to shares Equity shares:

The company has one class of fully paid equity shares having a par value of Rs. 10 each. Each shareholder is eligible for one vote per share held by him. Any dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, 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 preferential amounts, in proportion to their shareholding.

c) Shares held by holding company, its subsidiaries and associates - NIL-

e) Shares allotted as fully paid up by way of bonus shares (during 5 year preceding march 31, 2013) -NIL-

f) Shares reserved for issue under options and contracts/ commitments for the sale of shares/disinvestment, including the terms and amounts; - NIL-

g) For the period of five years immediately preceding the date as at which the Balance Sheet is Prepared:

- Aggregate number and class of shares of allotted as fully paid up pursuant to contract(s) without payment being received in cash. -NIL-

- Aggregate number and class of shares allotted as fully paid up by way of bonus shares. - NIL -

- Aggregate number and class of shares bought back. - NIL - h) Terms of any securities convertible into equity/ preference shares issued along with the earliest date of conversion in descending order starting from the farthest such date. Issue of 70.00,000 warrants convertible into equity shares of Rs. 10 each at a price of Rs. 22/- to promoter & other than promoter. Date of conversion is not yet fixed as warrants are yet to be fully paid.

i) Calls unpaid ( showing aggregate value of calls unpaid by directors and officers ) - NIL -

Forfeited shares (amount originally paid up ) -NIL-

8) Exceptional items (Revenue) : - Nil - (Nil)

9) The Company has not collected Service Tax on many Bills and if any liability arises in future, it may be required to remit Service Tax with applicable interest. The quantum cannot be ascertained as company claims that these items are exempted from service tax.

10) In terms of the General Circular No.2~/2011 dated 8/2/2011 of MCA, the company undertakes that annual accounts of the subsidiary company as may be applicable and the related information shall be made available to the shareholders of the holding and subsidiary companies seeking any information at any point of time. Also, kept open for inspection by any shareholders at the Registered Office of the holding company and of the subsidiary company. Further, these hard copy of the details of accounts of subsidiary shall be furnished to shareholder on demand.

11) Disclosure under Clause 32 of the listing Agreement

Amount of loans and advances in nature of loans outstanding from subsidiaries as at March 31,2013:" -0.13- (0.13)


Mar 31, 2012

1) Corporate information:

Softech Infinium Solutions Limited (the "company") provides a wider range of information technology and consultancy services. The company has it's registered office at Chennai and the state of the art R & D Technology centre at the same building with necessary infrastructure for development, training and consultancy activates.

2) The Sales refers to Software consultancy income.

3) The salary include the Salary & Allowances paid to whole time Directors as under

(Rs) Nil (Nil)

4) Expenditure in Foreign Currency :

NZD $ Rs.

299 12,450 (conversion Rate @41.637094 as on 31/3/2012) (Nil)

This is incurred towards formation of SOFTECHIN LIMITED in New Zealand on 31/10/2011 and said company had not commencement any activity. The INR has been arrived at exchange rate as on 31/03/2012 in terms of General Circular No.2 /2011 dated 8/2/2011 of MCA.

5) Varies items pertaining to the previous year were regrouped, reclassified and rounded off pursuant to the revised schedule VI of the Companies Act, 1956 vide Ministry of Corporate Affairs notification reference number S.O. 447(E) dated 28* February, 2011.

6) a) Classification of Assets : An asset shall be classified as current when it satisfies any of the following criteria:

i. it is expected to be realized in, or is intended for sale or consumption in, the company's normal operating cycle;

ii. it is held primarily for the purpose of being traded;

iii. it is expected to be realized within twelve months after the reporting date; or

iv. it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting date.

All other assets shall be classified as non -current.

6)b) Classification of Liabilities: A liability shall be classified as current when it satisfies any of the following criteria:

i. it is expected to be settled in the company's normal operating cycle;

ii. it is held primarily for the purpose of being traded;

iii. it is due to be settled within twelve months after the reporting date; or

iv. the company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.

All other liabilities shall be classified as non-current.

7. SHARE CAPITAL

The Authorised, issued, Subscribed and fully paid-up share capital comprises of equity shares having a par value of Rs. 10 each as follows:

b) Rights, preferences and restrictions attached to shares Equity shares:

The company has one class of fully paid equity shares having a par value of Rs. 10 each. Each shareholder is eligible for one vote per share held by him. Any dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, 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 preferential amounts, in proportion to their shareholding.

c) Shares held by holding company, its subsidiaries and associates - NIL -

d) Detail of shares held by shareholders more than 5% of the aggregate shares in the company

e) Shares allotted as fully paid up by way of bonus shares (during 5 year preceding march 31, 2012) - NIL -

f) Shares reserved for issue under options and contracts/ commitments for the sale of shares/ disinvestment, including the terms and amounts; - NIL -

g) For the period of five years immediately preceding the date as at which the Balance Sheet is Prepared:

- Aggregate number and class of shares of allotted as fully paid up pursuant to contract(s) without payment being received in cash. - NIL -

- Aggregate number and class of shares allotted as fully paid up by way of bonus shares. - NIL -

- Aggregate number and class of shares bought back. - NIL -

h) Terms of any securities convertible into equity/ preference shares issued along with the earliest date of conversion in descending order starting from the farthest such date. - NIL -

i) Calls unpaid ( showing aggregate value of calls unpaid by directors and officers ) - NIL -

j) Forfeited shares (amount originally paid up ) - NIL -

8) The Company has not collected Service Tax on many Bills and if any liability arises in future, it may be required to remit Service Tax with applicable interest. The quantum cannot be ascertained as company claims that these items are exempted from service tax.

9) In terms of the General Circular No.2 /2011 dated 8/2/2011 of MCA, the company undertakes that annual accounts of the subsidiary company as may be applicable and the related information shall be made available to the shareholders of the holding and subsidiary companies seeking any information at any point of time. Also, kept open for inspection by any shareholders at the Registered Office of the holding company and of the subsidiary company. Further, these hard copy of the details of accounts of subsidiary shall be furnished to shareholder on demand.

10) Disclosure under Clause 32 of the listing Agreement

Amount of loans and advances in nature of loans outstanding from subsidiaries as at March 31, 2012; - NIL - ( NIL )


Mar 31, 2010

1 The Sales refers to Software consultancy income, includes Export of software for USD 658500.

2 The salary include the Salary & Allowances paid to whole time Directors as under (Rs) Nil (Nil)

3 Expenditure in Foreign Currency:

USD Rs.

NIL (NIL) NIL (NIL)

4 The figure relating to last year are reclassified where necessary and rounded off.


Mar 31, 2009

1 The Sales refers to Software consultancy income

2 The salary include the Salary & Allowances paid to whole time Directors as under (Rs) Nil (Nil)

3 Expenditure in Foreign Currency :

USD Rs.

NIL (NIL) NIL (NIL)

4 The figure relating to last year are reclassified where necessary and rounded off.

 
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