Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share.

Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian Rupees.

In event of liquidation of the Company, the holders of equity shares would be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The Distribution will be in proportion to the number of equity shares held by the shareholders.

2. CONTINGENT LIABILITIES:

                                                          Rs. in lakhs

                                 As at 31st March     As at 31st March
                                             2014                 2013

Estimated amounts of contracts
remaining to be executed
and not provided for                         0.00             1,925.00

i) Demands raised by Income Tax,
   Excise & Service Tax Authorities         58.01                58.01

i) Bank & other Guarantees                                           -

4. Disclosure as per AS 15 -Retirement Benefits:

Post Retirement Employee Benefits

a) Description of Plan

i) Gratuity:

Disclosures required as per the Accounting Standard is as follows;

5. Segment Information (AS-17)

Company has only one segment of activity namely "healthcare Receivable Management", therefore segment reporting as defined in AS-17 does not apply.

6. Related Party Transactions:

As per the accounting standards 18 on "Related Party Disclosures" notified under Companies Auditing Standards Rules, 2006, the related Parties of the company and nature of relation are as follows:

RELATED PARTY               NATURE OF RELATIONSHIP

Sooraj C. K.                Key Management Personnel

Thunga Software Pvt Ltd Subsidiary

Accentia Technologies FZE Subsidiary

GSR PBS Inc                 Subsidiary

GSR Systems Inc             Subsidiary

Denmed Inc                  Subsidiary

Accentia Education services Pvt Ltd Subsidiary

7. Erstwhile GET, has taken commercial premises under financial lease. The Company to recognize the lease as an asset and a liability. This has been disclosed pursuant to Accounting Standards 19,"Leases"issued by the Institute of Chartered Accountants of India.

8. The company has not received any intimation from the suppliers regarding The Micro, Small and Medium Development Act, 2006 (the Act) and hence disclosure regarding:

a) Amount due and outstanding to suppliers as at the end of the accounting year.

b) Interest paid during the year.

c) Interest payable at the end of the accounting year.

d) Interest accrued and unpaid at the end of accounting year and has not been provided.

The Company is making efforts to get the confirmations from the suppliers as regards their status under the Act.

9. In the opinion of the Board, the Current Assets, loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the financial statements and provision made for all known and determined liabilities are adequate and not in excess of the amount stated.

10. Previous year figures have been regrouped, reclassified and rearranged wherever necessary to confirm to this year's classification. Figures with previous year are not comparable due to merging of the company during the current year.

11. Balance sheet Abstract & Companies general business profile as required by Part IV Schedule VI to the Companies Act 1956 is enclosed in Annexure 'A'.