అకౌంట్స్ గమనికలుAmi Computers (I) Ltd.

Mar 31, 2009

A) The accounts of the Sundry Creditors are subject to confirmation, reconciliation and adjustments if any. Till the reconciliation is done, material difference between actual and book figures could not be ascertained although the management does not expect any material difference in the amounts at which they are seated.

b) Sundry Debtors include certain customers whose payments are overdue. The Company has not filed recovery suits against them. The customer has however disputed the dues and no provision has been made for the same In the books. The amount involved is to the tune of Rs, 2828424,77

c) Fixed Assets of the Company have not been verified by the management during the year. The records showing the location of the same has not been updated and in the absences of the same we are not in a position to comment upon the material discrepancies which may be there between the physical and book records.

d) Union bank of India ( Previously Sikkim bank Ltd) has filed debt recovery suits against the company in respect of the outstanding with it. Meanwhile the writ petition filed by the company with the Kolkata High Court had been admitted and had not yet been disposed off. Accordingly pending disposal of the same will be provided as and when the disposal is directed by the court as such the loss for the year under review is less by an amount as Rs.5259045.00 Being the interest far the year on the above loan.

e) Assets of the company at its Ahmedabad and Mumbai Office have been stated at the book value in the books of accounts although the above offices have been closed back long, ago, We express our doubts on such recovery.

f) The Company has defaulted in making payment of its statutory liabilities outstanding for more then six months on various accounts amounting to Rs. 00. (P.Y Rs. 00)

g) Income Tax authorities had raise a demand on the company for the Assessment Year 2003-04 amounting to Rs. 1,73,43.690.00 the company is contesting the demand with the Appellite Authorities.

h) Deferred Tax Assets has not been recognized by way of prudence as there is reasonable uncertainly of sufficient future taxable income which may be available for its realization.

i) In terms of AS 17 of the ICAI Segment Reporting Segment information has not been given as Company does not have any segment,

j) There are no Small Scale Undertaking to whom Rs.1.0 lac or more outstanding at the end of the year.

k) A sum of Rs. 200090.00 has been made by the Company to its subsidiaries during the year.

l) Previous year figures have been regrouped / rearranged wherever found necessary.

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Mar 31, 2007

A) The accounts of the Sundry Creditors are subject to confirmation, reconciliation and adjustments if any. Till the reconciliation is done, material difference between actual and book figures could not be ascertained although the management does not expect any material difference in the amounts at which they are seated.

b) Sundry Debtors include certain customers whose payments are overdue. The Company has not filed recovery suits against them. The customer has however disputed the dues and no provision has been made for the same In the books. The amount involved is to the tune of Rs, 2818424,77

c) Fixed Assets of the Company have not been verified by the management during the year. The records showing the location of the same has not been updated and in the absences of the same we are not in a position to comment upon the material discrepancies which may be there between the physical and book records.

d) Union bank of India ( Previously Sikkim bank Ltd) has filed debt recovery suits against the company in respect of the outstanding with it. Meanwhile the writ petition filed by the company with the Kolkata High Court had been admitted and had not yet been disposed off.

Accordingly pending disposal of the same will be provided as and when the disposal is directed by the court as such the loss for the year under review is less by an amount as Rs.5259046.00 Being the interest far the year on the above loan.

e) Assets of the company at its Ahmedabad and Mumbai Office have been stated at the book value in the books of accounts although the above offices have been closed back long, ago, We express our doubts on such recovery.

f) The Company has defaulted in making payment of its statutory liabilities outstanding for more then six months on various accounts amounting to Rs. 00. (P.Y Rs.40323. 00)

g) Income Tax authorities had raise a demand on the company for the Assessment Year 2003-04 amounting to Rs. 1,73,43.690.00 the company is contesting the demand with the Appellite Authorities.

h) Deferred Tax Assets has not been recognized by way of prudence as there is reasonable uncertainly of sufficient future taxable income which may be available for its realization.

i) In terms of AS 17 of the ICAI Segment Reporting Segment information has not been given as Company does not have any segment,

j) There are no Small Scale Undertaking to whom Rs.1.0 lac or more outstanding at the end of the year.

k) A sum of Rs. 200090.00 has been made by the Company to its subsidiaries during the year.

l) Previous year figures have been regrouped / rearranged wherever found necessary.