Notes to Accounts of Edvenswa Enterprises Ltd.

Mar 31, 2014

1. Quantitative Iformation: As the company has been carrying providing training courses which can not be quantified in any measurable units and hence the quantitative information of the products dealt with by the company is not provided herein.

2. As there were no eligible employees in the company during the year, no provision for retirement. cum death gratuity is made

3. Previous year figures have been regrouped/restated wherever necessary to conform to the current year representation.

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Mar 31, 2013

1. Quantitative Information: As the company has been carrying providing training courses which cannot be quantified in any measurable units and hence the quantitative information of the products dealt with by the company is not provided herein.

2. As there were employees in the company during the year, no provision for retirement cum death gratuity is made.

3. Previous year figures have been regrouped/restated wherever necessary to conform to the current year representation.

4. The company has obtained confirmations of balances from all the debtors and creditors.

5. Disclosure under Micro, Small and Medium Enterprises Development Act, 2006 Under the Micro, Small & Medium Enterprises Development Act, 2006 (MS & MED) which came into force from October 02, 2006, certain disclosures are required to be made relating to Micro, Small & Medium Enterprises (MS&MED).

On the basis of the information and records available with the Company, there are no amounts due to Micro and Small Enterprises as on 31.03.2013.

6. Other Accounting Standards

Related Party Transactions: There are no related party transactions during the year.

7. Segment Reporting: As there was no activity in the Company other than providing computer software sales, there were no items to be reported under segment reporting.

8. Deferred tax: In the opinion of the company there is only deferred tax asset, consists of depreciation allowance and the company is not sure of getting the benefit of the same in future and hence the same not recognized.

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Mar 31, 2012

1.During the year 1995 - 96 the Company re-issued 2,700 Equity shares, which were earlier forfeited. After re-issue of shares an amount of Rs.13,500/- has been transferred from Share Forfeiture Account of Capital Reserve Account.

2.The Company has entered into a Foreign Collaboration Agreement with M/s. Elin Union, Austria, for the transfer of Technical Know-how for the manufacture of Isolators and Load Back Switches for which two instalments of the technical know-how fees has been paid. The company has received the technical know- how and the relevant drawings and specifications for the payments made.

3.Advance for capital expenditure represents the technical know-how fees paid to the foreign collaborator, restated at the exchange rate as on 31.03.2003 to represent the ruling market price at that point of time. No further revaluation was considered necessary during the current year. The amount spent for acquiring the technical know-how including all pre-operative expenses incurred for the same has been capitalized as on March 31, 2012. The utility of the technical knowhow or the products made out of the drawings (prepared a decade ago) to suit the current market requirements is not tested as it is a technical matter.

4. Quantitative Information: As the Company has been carrying on providing * training on software animation courses which cannot be quantified in any measurable units and hence the quantitative information of the products dealt with by the company is not provided herein.

5. As there were employees in the company during the year, no provision for retirement cum death gratuity made.

6. Previous year figures have been regrouped/ restated wherever necessary to conform to the current year representation.

7. The Company has obtained confirmations of balances from all the debtors and creditors.

8 Disclosure under Micro, Small and Medium Enterprises Development Act, 2006

Under the Micro, Small & Medium Enterprises Development Act, 2006 (MS & MED) which came into force from October 02, 2006, certain disclosures are required to be made relating to Micro, Small & Medium Enterprises (MS&ME). On the basis of the information and records available with the.Company, there are no amounts due to Micro and Small Enterprises as on 31.03.2012.

9 Other Accounting Standards

Related Party Transactions: There are no related party transactions during the year.

LIST OF RELATED PARTIES

Related parties with whom transactions have taken place during the year

Key Managerial Personnel / Individual Relatives

V. Lavakumar - Chairman

Rajendra NaniWadekar - Director

10 Segment Reporting: As there was no activity in the Company other than providing computer software sales, there are no items to be reported under segment reporting.

11 Deferred tax: In the opinion of the company there is only deferred tax asset, consists of depreciation allowance and the company is not sure of getting the benefit of the same in future and hence the same not recognized.

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Mar 31, 2010

1.Contingent Liabilities: Nil (Previous Year Nil)

2.During the year 1995 - 96 the Company re-issued 2,700 Equity shares, which were earlier forfeited. After re-issue of shares an amount of Rs.13,500/- has been transferred from Share Forfeiture Account of Capital Reserve Account.

3.The Company has entered into a Foreign Collaboration Agreement with M/s. Elin Union, Austria, for the transfer of Technical Know-how for the manufacture of Isolators and Load Back Switches for which two instalments of the technical know-how fees has been paid. The company has received the technical know-how and the relevant drawings and specifications for the payments made.

4.Advance for capital expenditure represents the technical know-how fees paid to the foreign collaborator, restated at the exchange rate as on 31.03.2003 to represent the ruling market price at that point of time. No further revaluation was considered necessary during the current year. The amount spent for acquiring the technical know-how including all pre-operative expenses incurred for the same has been capitalized as on March 31, 2010 as the company is exploring the possibility of reviving its activity for manufacture of isolators etc.

5.Remuneration provided to the Managing Director Nil (Previous Year Nil). In view of the inadequacy of profits, under Section 349 and Section 350 of the Companies Act, 1956, no remuneration or perquisites has been provided during the year

6.Quantitative Information: As the Company has been carrying development of computer software and also trading in customized software, it cannot be quantified in any measurable units and hence the quantitative information of the products dealt with by the company is not provided herein.

7.As none of the employees of the company were eligible for retirement benefits, no provision for retirement cum death gratuity made.

8.Previous year figures have been regrouped/ restated wherever necessary to conform to the current year representation.

9. The Company has obtained confirmations of balances from all the debtors and creditors.

10.Disclosure under Micro, Small and Medium Enterprises Development Act, 2006

Under the Micro, Small & Medium Enterprises Development Act, 2006 (MS & MED) which came into force from October 02, 2006, certain disclosures are required to be made relating to Micro, Small & Medium Enterprises (MS&ME). On the basis of the information and records available with the Company, there are no amounts due to Micro and Small Enterprises as on 31.03.2010.

11.Other Accounting Standards

a. Related Party Transactions: There are no related party transactions during the year.

b. Segment Reporting: As there was no activity in the Company other than providing computer software sales, there are no items to be reported under segment reporting.

c. Deferred tax: In the opinion of the company there is only deferred tax asset, consists of depreciation allowance and the company is not sure of getting the benefit of the same in future and hence the same not recognized.