Notes to Accounts of Zigma Software Ltd.

Mar 31, 2012

1. Gratuity provision not made due to none ofthe employee has worked for 5 years or more.

2. The maximum amount due by Directors or other ofthe Company at any time during the year Rs. Nil.

3. The Outstanding balance of Debtors, Creditors and Loans & Advance are subject to confirmation and reconciliation.

4. In the opinion of the Board and to the best of their knowledge and belief, the realisable value of Current Assets, Loans and Advance, in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities is adequate and not in excess of the amount reasonably required except the reservations mentioned above.

5. Additional information pursuant to the provision of paragraph 3&4 Part II of the Schedule VI of the Companies Act, 1956.

(a) Annual Production, Sales & Opening and Closing Stock : Nil

(b) Consumption of Raw Material and Stores: Nil

6. Earning in foreign exchange and expenditure in foreign currency is Nil. (Previous year Nil)

7. Employees drawing Rs. 24,00,000/- or more per annum in aggregate as remuneration if employed forthe whole oftheyearorRs. 2,00,000/- or more per month if the employed forthe part of the year - None.

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

9. Previous year figures have been regrouped / rearranged whenever found necessary.

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Mar 31, 2011

1. Gratuity provision not made due to none of the employee has worked for 5 years or more.

2. The maximum amount due by Directors or other of the Company at any time during the year Rs.Nil.

3. The Outstanding balance of Debtors, Creditors and Loans & Advance are subject to confirmation and reconciliation.

4. In the opinion of the Board and to the best of their knowledge and belief, the realisable value of Current Assets, Loans and Advance, in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities is adequate and not in excess of the amount reasonably required except the reservations mentioned above.

5. Additional information pursuant to the provision of paragraph 3 & 4 Part II of the Schedule of the Companies Act, 1956.

(a) Annual Production, Sales & Opening and Closing Stock : Nil

(b) Consumption of Raw Material and Stores: Nil

6. Earning in foreign exchange and expenditure in foreign currency is Nil. (Previous year Nil)

7. Employees drawing Rs 24,00,000/- or more per annum in aggregate as remuneration if employed for the whole of the year or Rs 2,00,000/- or more per month the employed for the part of the year - None.

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

9. Previous year figures have been regrouped / rearranged whenever found necessary.

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Mar 31, 2010

1. Gratuity provision not made due to none of the employee has worked for 5 years or more.

2. The maximum amount due by Directors or other of the Company at any time during the year Rs.Nil

3. The Outstanding balance of Debtors, Creditors and Loans & Advance are subject to confirmation and reconciliation.

4. In the opinion of the Board and to the best of their knowledge and belief, the realisable value of Current Assets, Loans and Advance, in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities is adequate and not in excess of the amount reasonably required except the reservations mentioned above.

5. Additional information pursuant to the provision of paragraph 3 & 4 Part II of the Schedule VI of the Companies Act, 1956.

(a) Annual Production, Sales & Opening and Closing Stock : Nil

(b) Consumption of Raw Material and Stores : Nil

6. Earning in foreign exchange and expenditure in foreign currency is Nil. (Previous year Nil)

7. Employees drawing Rs. 24,00,000/- or more per annum in aggregate as remuneration if employed for the whole of the year or Rs. 2,00,000/- or more per month if the employed for the part of the year - None.

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

9. Previous year figures have been regrouped / rearranged whenever found necessary.