Basic earnings per share is computed by dividing the profit/ (loss) after tax (including the post-tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit/ (loss) after tax (including the post-tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of shares which could have been issued on the conversion of all dilutive potential equity shares.

Note 2: Provisions, Contingent Liabilities & Contingent Assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past event and it is probable that there will be an outflow of resources. Contingent liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial statements.

Note 3: The Company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures if any, relating to amounts unpaid as at the year end together with the interest paid/payable as required under the said Act have not been given.

Note 4: Disclosures under accounting standards:

a. Segment Reporting (AS-17):

The Company operates in the business of Trading, Animation & Software developments. It operates only in Domestic Market, hence there is no business / geographical segments to be reported as required under Accounting Standard (AS- 17) "Segment Reporting" issued by the Institute of Chartered Accountants of India.

b. Related Party Disclosure (AS-18):

Related Party Disclosure under AS-18 issued by the Institute of Chartered Accounts of India. The Management has informed that all the transactions entered during the previous year with various parties do not fall within the purview of the Accounting standard 18 "Related Party Transaction" issued by the Institute of Chartered Accountants of India.The related parties of the company at March 31, 2015 are as follows:

a. Key management personnel & status :

- Santosh Kumar - Whole-time Director

- Mandar Subhash Palav - Independent Director

- Shyamsunder Parasramka - Additional Director

- Krishnakumar Murarka - Independent Director

- Bhavita Ashiyani - Women Director

The Management has informed that all the transactions entered during the previous year with various parties do not fall within the purview of the Accounting standard 18 "Related Party Transaction" issued by the Institute of Chartered Accountants of India.

c. Summary of significant related party transactions

The nature and volume of transaction of the company during the year with the above parties were as follows:

Note 5: The Company had given loans and advances from the surplus fund left over after using of working capital.

Note 6: The balances of Current assets, Current liabilities including Sundry Debtors, Sundry Creditors, Loans& advances, Secured & Unsecured Loan balances are subject to Confirmation

Note 7: Figures have been rounded off to the nearest rupee.

Note 8: Comparative Figures:

Previous year's figures have been regrouped and rearranged wherever necessary to make them comparable with the figures for the current year.