Notes to Accounts of Svam Software Ltd.

Mar 31, 2024

i) Provisions and Contingent Liabilities

Provisions are recognized in the balance sheet when the Company has a present obligation (legal or constructive) as a result of a
past event, which is expected to result in an outflow of resources embodying economic benefits which can be reliably estimated.
Each provision is based on the best estimate of the expenditure required to settle the present obligation at the balance sheet
date. When appropriate, provisions are measured on a discounted basis
Constructive obligation is an obligation that derives from an entity''s actions where:

(a) by an established pattern of past practice, published policies or a sufficiently specific current statement, the entity has
indicated to other parties that it will accept certain responsibilities; and

(b) As a result, the entity has created a valid expectation on the part of those other parties that it will discharge those
responsibilities.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a
receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable
can be measured reliably.

Contingent liabilities are recognized disclosed in the notes. Contingent assets are neither recognized nor disclosed in the
financial assets

j) Depreciation and amortization of property, plant and equipment and intangible assets

Depreciation is recognized so as to write off the cost of assets (other than freehold land and properties under construction) less
their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and
depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for
on a prospective basis.

The estimated useful lives for the main categories of property, plant and equipment and other intangible assets are:

(i) Factory building - 30 years

(ii) Building (others) - 30 to 60 years.

(iii) Roads and pathways - 10 to 20 years

(iv) Plant and equipment - 6 to 20 years

(v) Furniture and fixtures - 10 years

(vi) Office equipment - 5 to 15 years

(vii) Vehicles - 5 years

(viii) Computer (including software) - 5 years

k) Financial liabilities and equity instruments
Equity instruments

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its
liabilities. Equity instruments are recorded at the proceeds received, net of direct issue costs.

Financial Liabilities

Trade and other payables are initially measured at fair value, net of transaction costs, and are subsequently measured at
amortized cost, using the effective interest rate method.Interest-bearing bank loans, overdrafts and issued debt are initially
measured at fair value and are subsequently measured at amortized cost using the effective interest rate method. Any difference
between theproceeds (net of transaction costs) and the settlement or redemption of borrowings is recognized over the term of
the borrowings in accordance with the Company''s accounting policy for borrowing cost

De-recognition of financial liabilities

The Company derecognizes financial liabilities when, and only when, the Company''s obligations are discharged, cancelled or they
expire.

Derivative financial instruments and hedge accounting

In the ordinary course of business, the Company uses certain derivative financial instruments to reduce business risks which
arise from its exposure to foreign exchange and interest rate fluctuations. The instrumentsare confined principally to forward
foreign exchange contracts, cross currency swaps and interest rate swaps. The instruments are employed as hedges of
transactions included in the accounts or for highly probableforecast transactions/ firm contractual commitments. These
derivatives contracts do not generally extend beyond 12 months, except for certain interest rate swaps and cross currency
interest rate swaps.

In cases where hedge accounting is not applied, changes in the fair value of derivatives are recognized in the Statement of Profit
and Loss as they arise. Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated, or
exercised, or no longer qualifies for hedge accounting. At that time, any cumulative gain or loss on the hedginginstrument
recognized in equity is retained in equity until the forecasted transaction occurs. If a hedged transaction is no longer expected to
occur, the net cumulative gain or loss recognized in equity is transferred tothe Statement of Profit and Loss for the period.Certain
components, such as terms and conditions, embedded in financial instruments or other hosts contracts are accounted for as
separate derivatives and carried at fair value. These components are separatelyaccounted for when their risks and
characteristics are not closely related to those of the host contract, the host contract itself is not carried at fair value with gains or
losses reported in the Statement of Profit andLoss, and where a separate instrument with the same terms as the embedded
component would itself meet the definition of a derivative.

Derivatives are initially accounted for and measured at fair value from the date the derivative contract is entered into and are
subsequently re-measured to their fair value at the end of each reporting period. The fair Values for forward currency contracts,
interest rate swaps are marked to market at the end of each reporting period. The Company adopts hedge accounting for forward
and interest rate contracts wherever possible. At the inception of each hedge, there is a formal, documented designation of the
hedging relationship. This documentation includes, inter alia, items such as identification of the hedged item or transaction and
the Nature of the risk being hedged. At inception each hedge is expected to be highly effective in achieving an offset of changes in
fair value or cash flows attributable to the hedged risk. The effectiveness of hedge Instruments to reduce the risk associated with
the exposure being hedged is assessed and measured at the inception and on an ongoing basis. The ineffective portion of
designated hedges are recognized immediately In the Statement of Profit and Loss. When hedge accounting is applied: For fair
value hedges of recognized assets and liabilities, changes in fair value of the hedged assets and liabilities attributable to the risk
being hedged, are recognized in the Statement of Profit and Loss and Compensate for the effective portion the symmetrical
changes in the fair value of the derivative.

l) Earnings per Share

Basic earnings per share are computed by dividing profit or loss attributable to equity shareholders by the weighted average
number of equity shares outstanding during the period. The Company did not have any Potentially dilutive securities in any of
the periods presented. For the purpose of calculation diluted EPS the net profit loss for the year attributable to equity
shareholders and the weighted average number of shares outstanding during the period are adjusted for the effect of all dilutive
potential equity shares.

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Mar 31, 2014

1. Estimated amount of Contract Remaining to be Executed on Capital Account and Not provided for, NIL(PY. NIL)

2. Contingent Liabilities: As on 31.03.14 As on 31.03.13

* Guarantees given by the company NIL NIL

* On a/c of Rent Pending Litigation in Court NIL 6,94,800/-

3. The Company is engaged in the business of trading & development of Software packages.

4. Segment Reporting

The Companies core activity is to develop and trade in computer software. This is the only business segment as per Accounting Standard 17 issued by the Institute of Chartered Accountants of India.

5. In the opinion of the Board, the value of current assets, Loans & advances if realized in the ordinary course of Business shall not be less than the amount at which those are stated in the Balance Sheet.

6. No Provision has been made for Leave encashment, gratuity and other retirement benefits, which are accounted for on payment basis only.

7. Balance confirmations, Sundry Debtors, Sundry Creditors, Deposits and the parties to whom the advances are given are subject to reconciliation and such are as per books of accounts only. Adjustment thereto having an impact of revenue nature, if any will be made during the period in which the same are fully reconciled.

8. All Known Liabilities have been accounted for in the books of account.

9. Previous year''s figures have been regrouped/ rearranged wherever necessary.

10. The additional Information pursuant to revised Schedule VI to the Companies Act, 1956 are either Nil or Not Applicable.

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Mar 31, 2013

1. Contingent Liabilities: As on 31.03.13 As on 31.03.12

- Guarantees given by the company NIL NIL

- On a/c of Rent Pending Litigation in Court 6,94,800/- 6,94,800/-

2 In the opinion of the Board, the value of current assets, Loans & advances if realized in the ordinary course of Business shall not be less than the amount at which those are stated in the Balance Sheet.

3. No Provision has been made for Leave encashment, gratuity and other retirement benefits, which are accounted for on payment basis only.

4. Balance confirmations, Sundry Debtors, Sundry Creditors, Deposits and the parties to whom the advances are given are subject to reconciliation and such are as per books of accounts only. Adjustment thereto having an impact of revenue nature, if any will be made during the period in which the same are fully reconciled.

5 All Known Liabilities have been accounted for in the books of account.

6. Previous year''s figures have been regrouped/ rearranged wherever necessary.

7. The additional Information pursuant to revised Schedule VI to the Companies Act, 1956 are either Nil or Not Applicable.

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Mar 31, 2012

1. Estimated amount of Contract Remaining to be Executed on Capital Account and Not provided for, NIL(PY. NIL)

2. Contingent Liabilities not provided for:

As on 31.03.12 As on 31.03.11

- Guarantees given by the company NIL NIL

- On a/c of Rent Pending Litigation in Court 694800.00 694800.00

3 The Company is engaged in the business of trading & development of Software packages.

4 Quantitative information required to be given under paragraph 3. 4C and 4D pursuant to part II, Schedule VI of the companies Act

5. Earning and Expenditure in Foreign Exchange

a) Earnings NIL(P.Y. NIL)

b) Expenditure NIL(P.Y. NIL)

6. Segment Reporting

The Companies core activity is to develop and trade in computer software. This is the only business segment as per Accounting Standard 17 issued by the Institute of Chartered Accountants of India.

7. In the opinion of the Board, the value of current assets, Loans & advances if realized in the ordinary course of Business shall not be less than the amount at which those are stated in the Balance Sheet.

8. No Provision has been made for Leave encashment, gratuity and other retirement benefits, which are accounted for on payment basis only.

9. Balance confirmations, Sundry Debtors, Sundry Creditors. Deposits and the parties to whom the advances are given are subject to reconciliation and such are as per books of accounts only. Adjustment thereto having an impact of revenue nature, if any will be made during the period in which the same are fully reconciled.

10. All Known Liabilities have been accounted for in the books of account,

11. Previous year's figures have been regrouped/ rearranged wherever necessary.

12. The additional Information pursuant to revised Schedule VI to the Companies Act. 1956 are either Nil or Not Applicable.

13. The financial statements for the year ended 31 st March, 2011 were prepared as per then applicable, pre-revised Schedule VI to the Companies Act, 1956. Consequent to the notification of Revised Schedule VI under the Companies Act. 1956. the financial state- ments for the year ended 31st March, 2012 are prepared in compliance with the Revised Schedule VI. Accordingly, the previous year figures have also been reclassified'regrouped to conform to current year's classification. The adoption of Revised Schedule VI for previous year figures does not impact recognition and measurement principles followed for preparation of the financial statements.

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Mar 31, 2010

1. The Company is engaged in the business of trading & development of Software packages.

2. Deferred Tax:

a) The company has accounted for deferred tax in accordance with the Accounting Standard 22 "Accounting for taxes on income" issued by Council of ICAI. Accordingly, deferred tax for the year is recognized on timing difference, being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

b) Deferred Tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date.

c) Tax on income for the current period is determined on the basis of taxable income and applicable tax rate computed in accordance with the provisions of the Income Tax Act, 1961.

d) Deferred Tax assets are recognized and carried forward only if there is a reasonable/virtual certainty of its realization.

3. Segment Reporting:

The Companies core activity is to develop and trades in computer software. This is the only business segment as per Accounting Standard 17 issued by the Institute of Chartered Accountants of India.

5. Provision, Contingent Liabilities, Contingent Assets:

(i) An/ reimbursement against a provision expected from an insurance or other indemnity clause is not recognized unless there is its virtual certainty.

(ii) A contingent liability is not recognized in the financial statements. It is only disclosed in the notes.

(iii) A contingent assets is neither recognized in the financial statement nor disclosed in the notes.

(iv) Contingent Liabilities: As on 31.03.10 As on 31.03.09

-On a/c of Rent Pending Litigation in Court 694800.00 694800.00

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

9. Previous year's figures have been regrouped/ rearranged wherever necessary.