Notes to Accounts of Mini Soft Ltd.

Mar 31, 2011

1. Retirement Benefits . AS-15

NO provision for gratuity, leave salary & retirement benefits have been made as there, is no Liability.

2. Accounting for Investments AS-13

Long Term Investments are valued at cost .No provision is made for diminution in value.

3. In the opinion of the Management, the aggregate value of current Assets, Investments & Loans and Advances on realization will not be less than the amount stated in the books of accounts.

Cash balance amounting to Rs.25,01,143 at the year end is subject to verification.

4. Accounting for Taxes on Income AS-22

Deferred Tax Asset on brought forward losses has not been recognised as management is not reasonably certain that future income would off set the same.

5. Carrying amount of Cash Generating Assets is reviewed for impairment. Impairment - ,if any, is recognized where the carrying amount exceeds the recoverable amount being the higher of net realizable price and value in use.

6. The company has given a portion of shed on lease and the lease rental amount of Rs.4,70,000 has only been received during the year.

7. Previous Year figures have been recasted wherever necessary.

8. Schedule 1 to 10 forms an integral part of the accounts and have been duly authenticated.

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Mar 31, 2010

1. Significant accounting policies

(a) Accounting convention The financial statement are prepared under historical cost convention and are in accordance with applicable accounting standards and relevant presentational requirements of the Companies Act 1956.

(b) Fixed Assets & Depreciation.

Fixed assets are stated at cost of acquisition or construction less depreciation. All costs, relating to the acquisition and installation of Fixed assets are capitalised from the date the assets are put to use.

The depreciation on fixed assets has been provided for under written down value method.

2. Retirement Benefits . AS-15 NO provision for gratuity, leave salary & retirement benefits have been made as there is no Liability.

3. Accounting for investments AS-13 Long Term investments are valued at cost .No provision is made for diminution in value.

4. In the opinion of the Management the aggregate value of current Assets, Investments & Loans and Advances on realization will not be less than the amount stated in the books of accounts. Cash balance amounting to Rs.21,82,204 at the year end is subject to verification.

5. Accounting for taxes on Income AS-22

Deferred Tax Asset on brought forward losses has not been recognised as management is not reasonably certain that future income would off set the same, i 5.Carrying amount of Cash Generating Assets is reviewed for impairment, impairment .if any, is recognized where the carrying amount exceeds the recoverable amount being the higher of net realizable price and value in use.

6. The company has given a portion of shed on lease and the lease rental amount of Rs 4,70,000 has only been received during the year.

7 .Previous Year figures have been recessed wherever necessary.

8. Schedule 1 to 16 forms an integral part of the accounts and have been duly authenticated.