TWENTY-SEVENTH Annual Report 2009 - 2010Silicon Vailey Infotech Limited 27th Annual Report, 2010 BOARD OF DIRECTORS: SHRI SANTOSH KUMAR JAIN, Managing Director ‘SHAIB. P. JHUNJHUNWALA, SHRI TAPOSH KUMAR MULLICK ‘SHAH RAMEN CHATTERJEE COMPANY SECRETARY SHRI SHIV KUMAR LAKKAR P.K. AJITSARIA & CO, ‘Chartered Accountants BANKERS: CANARA BANK CITI BANK HDFC BANK REGISTERED OFFICE 10, PRINGEP STREET 2ND FLOOR KOLKATA - 700072 Phone : (083) 4002-2880 Fax : (033) 2237-9053 E-mail : info@silicomalleyinto.net REGISTRAR & SHARE TRANSFER AGENTS MAHESHWARI DATAMATICS PRIVATE LIMITED. 6, MANGOE LANE, 2ND FLOOR, KOLKATA - 700 001 Phone : (033) 2249-5029 / 5809 Fax : (033) 2248-4787SILICON VALLEY INFOTECH LIMITED NOTICE NOTICE Is hareby given that the 27th Annual general Mestirig of the company will ke held en Monday, 2 day of September, 2010 at 11.00 a.m_at the “Somani Conférence Hall" Merchants Chamber of Commer 158, Hemanta Basu Sarani, Kolkata - 700 001 to transact the business as mentioned in the notice bet gent to the members individually. QRDINARY BUSINESS 1. To recelve, consider and adopt the Audited Balance Sheet as at Stat March, 2010 and Profi Loas Account for the year ended on that date together with the reports of the Directors a Auditors thereon, 2, To appoint a Director in place of Shri Taposh Kumar Mullick, who retires by rotation and bel aligible, offers himself for re-appointment, 3. To.appoint M/s P.K. Ajitsaria & Co., Chartered Accountants, the retiring Auditors af the Gompay ‘a8 Auditors who shall hold office trom the conclusion of this Anal General Meating, inti! conclusion of the next Annual General Meeting of the Company and to fix their ramuneration. Registered Office : By the order of the Board 10, Princsp Street, For Silicon Valley Infatech Limit 2nd Floor, Kolkata - 700 072 Shiv Kumar Lakkar Company Sacretary Dated : 26th May, 2010SILICON VALLEY INFOTECH LIMITED NOTES: 1 ‘A Member entitied to attend and vote at the Annual General Meeting may appoint a proxy to attend and vote instead of himselt/eraaif and tha proxy need notte a Member of the Company. Proxies, in order to be effective, must be received at the Registered Offica of tha Company at 10, Princep Street, 2nd Floor, Kolkata 700 072, not lass than forty-eight hours before the commencement of the Annual Genera! Meeting. Members/proxies should bring duly fed Attendance Slips along with copy of the Annual Report & Accounts to the Annual General Meeting. Corporata mambers are raquested to send to the Company's head Office a duly certified copy of the Board Resolution authorizing their representatives to attend and vote at the AGM. ‘The Register of Members and Shara Transfer Books of the Company will romain closed trom Monday, 12rd September, 2010 to Monday, 20th September, 2010 (both days inclusive}. Brief Profile of the Director seeking re-appointment at the ensuing AGM Is annexed hereto in compliance of Clause 49 of the Listing Agraament with Stock Exchange. Members are requested to notify immediately any change in their addresses to the Registrar and ‘Share Transfar Agent, Maheshwari Datamatics Private Limited of 6, Mangoe Lane, 2nd Floor, and Koikata 700 001. Members seeking any information with regard to the Accounts are requessted to write to the Company at an early date so as to enable the management to kaep the information ready. Members are requested to quota the Folio No. or Client Id. And DP Id numbers in all communications with the Company. (3)SILICON VALLEY INFOTECH LIMITED DIRECTORS' REPORT Dear Shareholders, Your Directors have pleasure in presenting the Twenty-Seventh Anaual Fleport of the Company together the Audited Accounts for the year ended 31st March, 2010. 1. FINANCIAL HIGHLIGHTS: The wor results of the Company for the year under raview are given below :- (Ra) ‘Year ended Year 31.03.2010 31.03. Profit(Loss) BeforeTax 33,27,206.03 (1,84,14,876. Provision for Tax - Current -4,25,000.00 ~Fringe Benstit Tax = 30,004 -Detered = ProfitiLoas} AtterTax 29,02,206.33 | (1,84,44,980.5 Less ; Income-tax for earlier yoars = 4.9521 Less : Securtty Transaction Tax Balance brought forward from previous year (2,84,84,128.29) (76,09,7504 Balance carried to Balance Sheet 36,26,855.38) | (2,84,64,128. 2 DIVIDEND To conserve the resources of the Company for future expansicn, the Board have decided not to recom: any dividend for the year under review. 3. PERFORMANCE REVIEW The performance of the Company during the current year has seen a quantum leap but not up to ‘sxpactation due high volatility in the market. Your Directors are making all efforts to Jmprove the performar of the Company further in future. 4, LISTING OF EQUITY SHARES ‘The Equity Shares of your Company are presently listed on three Indian Stock Exchanges viz. Natio Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Caleutia Stock Exchange (CSE) Listing tees for the financial year 2010-11 have been paid to NSE, BSE and CSE. 5. FIXED DEPOSITS During the year under review, your Company has not accapted any depoaits within the meaning of Secth SBA of tha Companies Act, 1956 and the ules made there under,SILICON VALLEY INFOTECH LIMITED 6. DIRECTORS ) Re-sppolntment: As per the provisions of the Arlisle of Association of the Company, Shri Taposh Kumar Mullick, retires by rotation and being eligible offers himself for re-appointment. The Board recommends his re-appointment for consideration of the shareholders. 7. DIRECTOR'S RESPONSIBILITY STATEMENT Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956, with respect to Directors Responsibility Statemiont, itis hereby confirmed : a. Thatinthe preparation of the accounts for the financial year ended 31st Match, 2010, the applicable accounting standards have been followed along with the proper explanation relating to material departures; fh That the Directors have selected such sccounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give & true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company (or the year under review: cc. Thatthe Directors have taken proper and sutficient care forthe maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; 4. That the Diractors have prepared the annual accounts for the financial year ended 31°" March, 2010 on a going concern basis. @ AUDITORS" REPORT ‘There are no items on which Auditors have commented which need further explanation form the Board of Directors, 9. AUDITORS Mis. P. Ajitsaria & Co., Chartered Accountants, Auditors of the Company, retire at the conclusion of the forthcoming Annual General Meeting and have consented to continue in office, appointed. Thay have confirmed that their appointment, if made, will be in accordanca with the limits specified in Section 224(1B) ‘of the Companies Act, 1956. 10. EMPLOYEES None of the employees were in receipt of remuneration in excess of the limits specified under Section 217(2A) of the Companies Act, 1956 read along with Companies (Particulars of Employees) Rules, 1975. 1, STATUTORY INFORMATION ‘The Company being basically in the financial sector, requirement regarding the disclosure of particulars of conservation of energy and technology absorption prescribed by the rules is not applicable. (5)SILICON VALLEY INFOTECH LIMITED 12 FOREIGN EXCHANGE The Company had no forsign exchange inflow of outflow during the year under review, 13. CORPORATE GOVERNANCE As per the Listing Agreement with the Stock Exchanges, the Company has implemented the Code Corporate Governance, Tha Corporate Governance compliance certificate obtained from the Auditors the Company is attached to this report. ‘The Management Discussion and Analysis Report and the Report on Gorporate Governance are given! the annexure attached to this report. The Code of Conduct ie avaliable on the Company's wel ‘wars. siiconvalleyinio.net. The Boaud members and Senior management personnel have confirmed compli with the sakd code. 14, EMPLOYER EMPLOYEE RELATIONSHIP The Company has maintained a cordial relationship with its employees, which resulted in smooth flow business operations during the year under review. 18, ACKNOWLEDGEMENTS: ‘Your Directors acknowledge the support and owe a debt of gratitude to the Shareholders, Investors Bankers. Your Oirsctors are also thankful to its cents for thelr continued faith and support reposed in th Last but not the least, your Directors’ place on record thal sense of appreciation for the valuable contributio: made by the employees of the Company. (On behat of the Board of Directors Ragistered Office: For Sillcon Valley Infotech Limited 10, Princap Steet Focal ~ 700072 ‘Santosh Kumar Jain Ramen Chatterjoo Managing Director Director Dated : 26th May, 2010 (6)SILICON VALLEY INFOTECH LIMITED REPORT ON CORPORATE GOVERNANCE The Company's shares ara listed in National Stock Exchange, Bombay. Stock Exchange and Calcutta Stock Exchange. Accordingly, the Corporate Governance Report for the yaar 2009-2010, has been prepared 49 per the guidelines issued by SEBI and incorporated In Clause 49 of the Equity Listing Agreement :- Para 1. CORPORATE GOVERNANCE PHILOSOPHY Etfactive Corporate Govemance is how an organisation is managed, which includes its culture, structure, policies and manner in which it deals with Its stakeholders and nat just mere compliance. Italso relates to processes and systems that direct the resources of the organization and strategies of the management for maximizing the wealth of the stakeholders. Your Company firmly believes that such practices are founded upon the core values of transparency, accountability, independence, responsibilty and fairness, Your Company makes best endeavor to implement these core values in ail facets of ite operations. The Company continues to follow procedures and practices in conformity with the Cada of Corporate Goverance enshrined in the Listing Agreement. Para 2, BOARD OF DIRECTORS Composition of the Board : ‘The Composition of the Board of Directors of the Company consists of qualified executive and non-executive Directors, The Board comprises of persons who have excelled in their respective areas and have good sanding. The composition of the Board of Directors as on 31st March, 2010 is given below : No. of other Se. Executives No, | Name ofthe Director Non-Executive |Directorehipa(s}|___ Committea(+y) . Chairman. 1 | Shei Santosh Kumar Jain - Promoter- 4 2 Managing Diractor Executive 2 | Shri Ramen Chatterjee Non-Executive 10° =— =_ & Independent 3 | Shri Taposh Kumar Mullik Non-Executive |. — _ _ & Independent 4 | Shri 8. P. Jhunjhunwala Non-Executive = _ = & Independent (Excluding directorship held in private limited:torsign companies and companies incorporated under Section 25 of the Companies Act, 1956. (++) Represents Chairmanship / Mombership of the Audi Committee and Shareholders/ Investors’ Grievance Committee of other companies, In which they are Director. (i) The attandance of the Directors at the Board meetings and the last AGM held are given below : No, of Meetings Attendance at lsat Name of the Director ———j_ AGM-Heldon Attencied _| 17th September, 2009 Shvi Santosh Kumar Jain - Managing Director 8 6 Yes She BP. Jhunjhunwala 6 5 Yes ‘Shri Ramen Chatterjee 6 8 Yes Shri Taposh Kumar Mull 6. 5 YesSILICON VALLEY INFOTECH LIMITED Particulars of the Directora to be appolnted/re-appolnted at the ensuing Annual General M pureuant to revised Clause 49 of the Listing Agreement Name of the Director Shri Tapoah Kumer Mullick | Date of Birth Sth May, 1953 Date of Appointment 26th June, 2007 Qualification B.So., MSW, LLB Expertise in specific Senior Advocate having vast experience in functionalerea Corporate Laws, Directorship of other Nil Companies (°} Chalimer/Memberanip Nil in the Committaes Shareholding in Equity Nit Shares of the Company and % of holding a (*) Excludes directorships in private limited companies and organizations other than public limitad comy (iil) Directors’ membership in board/committees of other companies : ‘As por the Listing Agreement, no director can be a Member in more tha 10 (ten) committees or chairman of more than 5 (five) committees across ail companies in which he is a Director. In terms of the Listing Agraement, none of the directors of your Company were Members in more (ten) committaes nor acted as chairman of enore than 5 (five) committees across all companies in they were Directors. Oatails of other directorships/committes membership/chairmanship held by them| given in Para 2(i) above. (iv) Number of Board meetings held, dates on which held : As per the Listing Agraement, the Board of Directors must mest at least four times a year, with a maxi gap of four months between any two meetings. During the financial year 2009-10, Board met 6 (Six) times on 27.04.2008, 28.06.2009, 29.07. 02.09.2008, 28.10.2009 and 27.01.2010. The gap between any two Board Meatings did nat exceed ‘months. Para3. AUDIT COMMITTEE (Q. Brief description of the terms of raterence = The terms of reference of the Audit Committee cover tha mattars spacified under revised Clause 49 of Listing Agreement with Stock Exchanges read with Section 292A of the Companies Act, 1956. The Audit Committee reviews, acts and reports to the Board of Directors with respect to : @) ‘the appointment of statutory auditors of the Gompany,SILICON VALLEY INFOTECH LIMITED b) provide Board with additional assurance as to reliability of financial information and statutory financial statements and as to the adequacy of intemal accounting and control systems, ©) itacts as a link between the management, statutory auditors and the Board of Directors, J) Company's compliance with the statutory requirements, (WH) Composition and Name of members : ‘The Audit Commitee, presently, consists of 3 (three) Independent Members, The following directors are the present members of the Committes Name of the Mombers Designation | Nature of Membership Shui B. P. Jhunjhunwala ‘Chairman Independant & Non Executive Shri Santosh Kumar Jain Member Executive ‘Shri Ramen Chatterjee Member Independent & Non Executive All the Members of the Audit Committee are financially literate and Shri B. P. Jhunjhunwala, Chairman possesses financial accounting expertise. (ll) Mestings held anc attendance during the year: uring the financial year 2009-10, the Audit Committee mat 5 (Five) times on 28.04.2009, 27.06.2009, 28.07.2008, 27.10.2008 and 25.01.2010. [se | Members of Audit Committee No.of meetings | No. of meetings No. held attended 1 | Shi B. P Jhunjhunwala s 5 2_|_ Shri Santosh Kumar Jain 5 8 3. | Shei Ramen Chatterjee 5 5 Para 4. REMUNERATION COMMITTEE Dstalls of sitting fees, remuneration ete. pald to Directors: No remuneration has been paid to any Director during the yaar, The Company has only one Managing Director on the Board, whose appointment and remuneration has been fixed by the Board end in terme of resolution pageed by the sharehoklers of tha Company. In view of this, no Remuneration Committee has been constituted. Para5. SHARETRANSFER AND INVESTORS’ GRIEVANCE COMMITTEE Brief description of the terms of reference: ‘The Share Transfer & Investors’ Grievance Committes administers the fotiowing : a. Transfer of shares & Transmission of shares: (9)SILICON VALLEY INFOTECH LIMITED 6. (ssuance of duplicate share certificates as‘and when required - d. Shareholders’ queries / complaints and Its redressal.as and when received 8. Dematerialiaation/ Rernaterialisation of shares f. Split consolidation of shares @. Such other matters resulting from statutory amendments / modifications from time to time. ( Compouttion and name of the Chairman: ‘The Committee comprises of the following persons : Name of the Members Dasignation Natura of Membership Shri Ramen Chatterjee Chairman Indepandent & Non Executive ‘Shi Santoah Kumar Jain Member Executive ‘Shit Taposh Kumar Mullick Member Independant & NonExecutive During the financial year 2009-10, the Share Transfer and Investors Grievance Committes met 3 times on 30/4/2008, 15/5/2009 and 16/2/2010. ‘Members of Share Transfer and No. of mestings No. of meetings Investors’ Grievance Committee hold -{ Attended ‘Shri Ramen Chatterjee 3 3 Shri Santosh Kumar Jain 8 3 = Taposh Kumar Mullik 3 3 (i) Name and designation of compliance olticer : As per tha requirernents of the Listing Agraement, Shri Shiv Kumar Lakkar, Company Secretary acts the Compliance Officer. {ll to (iv) Datalls of the sharehotdera’ complaints received and resolved during the yaar 2000-16 No. of complaints received No. of complalnis resolved Pending Nil Nil Nil Thera have been no material grievances raised and allitems referred have been dealt with. Allthe compial were resolvad to the satisfaction af sharehoiders. ‘As on 31st March, 2010, there were no pending complaints and no pending shave transfers. Par 6. GENERAL BODY MEETINGS Location and Time of last three Annual General Mesting (AGM) : (10)SILICON VALLEY INFOTECH LIMITED Tha location and time of the last three AGMs are as follows Year Cate Verwe Time 2008-09 | 17.09.2009 "Somani Conference Halt” 11.00 a.m. Merchants Chamber of Commerce, 1B, Hemanta Basu Sarani, Kolkata - 700 001 2007-06 | 25.09.2008 *Somani Conference Hall” 11,00 an. Merchants Chamber of Commerce, +5B, Hemanta Basu Sarani, Kolkata - 700 001 2006-07 12.09.2007 "Somani Conference Hat!" 11.00 a.m. Merchants Chamber of Commerce, 15B, Hemanta Basu Sarani, Kolkata - 700001 (+8) Detells of special reaclutions passed In the previous thres AGIs: No special resolution has been passed in the previous three AGMs. {Ib) Details of special resolutions passed in the previous thres EGNs : ‘No special resolution has been passed in tha previous three EGMs. {il) to (iv) Special resolution passed during the financial year 2008-10 through the Postal ballot : No special resolution was passed through poste! ballot during the financial year 2008-10. (¥)to (vi) Postal batlot during the current year: For the financial year 20 10-1 1, if resolutions are to be conducted through the Postal Ballot procedure, those willbe taken up at the appropriate time. Para7, DISCLOSURES Disclosure of materially elgnificant related party transactions : ‘During the year 2009-10, there has been no materially significant related party transactior/pecuniary material relationship entered into by the Company with the management or their relatives that may have 4 potential ‘contlict with the interest of the Company at large. {Details of non-compliance by the Company : ‘The Company has complied with all the requirements of the Listing Agraemant with Stock Exchange as ‘well as the Regulations and Guidelines prescribed by Securities and Exchange Board of india (SEBI). {Ml} Whistle Blower Policy : ‘The Company has not astablished whistle blower policy. (11)SILICON VALLEY INFOTECH LIMITED (iv) Detalls of compliance with the mandatory requiremente ‘Your Company has complied with ail the mandatary requirements of the revised Clause 49 of the Li Agraament. The details of thase compllahoes have been given in the relevant sections of this Report. Par6, MEANS OF COMMUNICATION ) Quarterty results: The Quarterly and Annual Results of the Company are displayed on the web-site of the Compal wwrw.slliconvalleyinfo,net (i) Newspapers wherein results are normally published : ‘The Financial Results of the Company are published in “Business Standard” and in “Dainik Lipr*. (ii) to (v) Any website, where displayed: The Results are displayed on the Company's wab-site at www.alliconvalleyinfo.net, “Full Annual Reports for the financial year 2009-10, Code of Conduct for the Board of Directors and Ser Management Personnel and other relevant informations are also available on the wabsita of the Comy Ina user-triendly ancl downloadable form. Para. GENERAL SHAREHOLDER INFORMATION {iy AGM ; Date, time and venue ; The forthooming Annual General Meeting of the Company will be held as given below: Date & Time 20th September, 2010 at 11.00.4.m, —— Venue “Somani Conterence Hall" Merchants Chamber of Commerce 15B, Hemanta Basu Sarant Kolkata - 700 00% (i) Financial year: Financial Year is tst April, 2010 to 31st March, 2017 and the quarterly results will ba declared as per! following acheciule ; Tentative schedule Financia! Results for the quarter ending June 30, 2010 End'of Juty 2010 End of October 2010 Financial Results for the quarter ending September 30, 2010 Financial Results for the quarter ending Desember 31, 2010 Financial Results for the year ending March 31, 2011 AGM for the year ending March 31, 2011 End of January 2011 End of June 2011 Mid of September 2011 {ill} Date of Book closure: The Company's Register af Mepibers and Share Transfer Books will remain closed from Monday, Septarnber, 2010 to Ménday, 20th September, 2010 (both days inclusive). (12)SILICON VALLEY INFOTECH LIMITED a (v} Dividend Payment Date: No dividend has been recommended by the Board for the year under review. {¥) Listing on Stock Exchanges : ‘Your Company's shares are listed on the following stock exchanges as on S1st March, 2010. 1, Bombay Stock Exchange Limited Phiroze Jeajeebhoy Towers, Dalal Street, Murnbai 400001, 2. The Calcutta Stock Exchange Association Limited 7, Lyons Range, Kolkata 700 001. 3, National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C/1, "G' Block, Bandra-Kurla Complex, Bandra (E}, Mumbai 400 051. Listing fees upte the financial year 2010-11 have been paid to NSE, BSE and GSE, (vi) Stock Code: Name of the Exchange Code Bombay. Stock Exchange Limited 831738 | National Stock Exchange of India Limited PRASGLOFIN International Securities Identification Number (ISIN) INEST3A01024 Ospositories Connectivity NSDt ang COSL (vif) to (vit) Market Price Data : High, Low during each month in the fast financial year : Month Bombay Stock Exchange (2009-10) Qin Rs) High Low Apri 0.79 0.45 May 0.75 052 June 097 or July 0.86 059 August O73 0.55 September 0.82 68 October o7t 058 November ove rE December O71 0.54 January ogg: a4 February 079 05d March a2 0.55 (13)SILICON VALLEY INFOTECH LIMITED {&) Registrar and Transfer Agents : ‘The Board has delegated the work ot processing of share transtars to Maheshwari Datamatics Fr Limited, Regiatrar and Share Transfer Agents. Their complete address is as follows : Maheshwari Datamatics Private Limited 6, Mangos Lane, 2nd Floor, Kolkata - 700.001, Tet No. : (033) 2249-8029 / 5809 Fax No. : (033) 2248-4787 @) Share Transfer System = ‘The trangter ot shares in physical torm ig processed and completed by Maheshwari Datamatics Fr Limited within the statutory time period. In case where shares are held in electronic form, the transfera piocessed by NSDLICDSL through the Depository Participants and Registrars. () Distribution of Shareholding : ‘The diatribution of shareholding as on 31st March 2010, pureuant to Clause 25 of the Listing Agreeme as under : A. Shareholding Pattern of Equity Shares as on 31st March, 2010: No. of Shares held Categories PROMOTERS’ HOLDING Promoters : a) Indian Promoters. 6) Foreign Promoters 2. | Persons Acting in concert Sub-total B| NON PROMOTERS' HOLDING .[ Institutional Investors: a) Mutual Funds and UT] 4) Banks, Fis, Insurance Companies ©) Foreign Institutional Investors ‘Sub-total 4.[ Others a) Private Corporate Bodies 6) Indian Public ¢) NFils /OGBs d) Any Other * Sub-total GrandTotal Note : Total Foreign Shareholding is 438256 (0.94%) (4)SILICON VALLEY INFOTECH LIMITED 8. Distribution of Equity Shareholding as on 31st March, 2010 : “Toradgumse® | Mecorenwwsnas | e68efemuy ent No. Of Equity Shares | Physical {NSOL|COSL | Physical] NSOL] cDSL Physical | sot! cosL id 4 to 1000 30) 3187] 2080 10418] 2053901 | 1382778 0.0080 | 1.5838] 1.0663] 1001 to 5000 71] 2073/1246] 250010] Seaziza 3568214 | 0.1997 4.5359) 2.7516] 5001 19 10000 23 an 266 211100} 3946404! >154788 0.1628 3.0432} 1.6616 10001 to 50000 i 496 190 517000] 11410820] 4026263] 0.3987 8.7902] 3.1048 50001 to 199000 10 62 18 762000] 4514828] 1283405 0.5876 3.4815] 0.9900, 100001 to Abave B a 43 | 24438000; 56391076! 6097371 18.8448 | 43.4385) 5.3419, Total : 41 | 6334} 3913 | 2197528 84139159 | 19343919 | 20.2016 (64.8821 | 14.9162 (Od!) Dematerlatisation of shares and liquidity ; As on 31 March, 2010, 79.80% of the total equity capital was hald in dematerialised for with National Securities Depository Limited and Central Depository Services (India) Limited. ‘{xill) Outstanding GDRs/ADAs/Warrants or any Convertible instruments : As of 31st March, 2010, there are no outstanding GDRs/ADRs/ Warrants or convertible instruments which are Fkely 10 have an impact on the Equity Shares, {xiv} Plant Locations : The Company doas net have any plant. (xv) Address for correspandence : Investors‘ correspondence may be addressed to - 1. The Compliance Otficer Silicon Vallay infotech Limited 10, Princep Street, 2nd Floor, Kolkata 700 072. Phone : (033) 2212-8030 Fax : (033) 2013-2125 E-mail : info@siliconvalleyinto net 2. Maheshwati Datamaties Private Limited 6, Mangoe Lane, 2nd Floor, Kolkata - 700 001 Phone ; (033) 2243-5029 / 5809 Fax : (033) 2248-4787 (wl) E-mail ID of the grievance redrassal division / compliance officer exclusively for the purpose of registoring complaints by investors ; info@s|iconwallayinfo.net (Is)SILICON VALLEY INFOTECH LIMITED a ‘MANAGEMENT'S DISCUSSION AND ANALYSIS REPORT : “The Management's Discussion and Analysis Report ia attached hereto and forms part of the Director's Report, : (CODE OF CONDUCT : The Company has adopted a Code of Contuel for its Diractors and Senior Management Personnel and the ‘same has bean posted in the Company's website (wawsiliconvalleyinfg.nat). The Directors and Senior Management Personnel have affirmed the compliance with the same for the financial year 2009-10. A declaration to this effect is given elsewhere in this Annual Report. RISK MANAGEMENT POLICY: ‘The Company has formulated a comprehensive Fick Management Policy to reduce the inhwrent risk associated with the business activities of the Company. ANNUAL DECLARATION BY DIRECTOR ON CODE OF CONDUCT PURSUANT TO CLAUSE 49(IXD) OFTHE LISTING AGREEMENT 1, Santosh Kumar Jain, Managing Director at SILICON VALLEY INFOTECH LIMITED having its registered office at 10, Princep Street, 2nd Floor, Kolkata - 700 072 hereby deciare that the Company has formulated a Code of Conduct for its Directors and Senior Management Personnel and that all Board Members and Senior Management Personnel have affirmed the compliance of the Cade for the financial year 2010-11. Place : Kokata Sentosh Kumar Jain Dated : 26th May, 2010. ‘Managing Director (16)SILICON VALLEY INFOTECH LIMITED — AUDITORS’ CERTIFICATE ON CORPORATE GOVERNANCE To the Members of Silicon Valiey Infotech Limited We have examined the compliance of conditions of Corporate Governance by Silicon Valley Infotach Umited (the Company’) for the year ended on 31st March 2010, as stipulated in Clause 49 of the Listing Agreement of the Company with stock exchanges. The compliance of conditions of comorate governance is the responsibility of the managamert. ‘Our examination was limited to procedures and implementation thereo!, adopted by the Company for anguring the compliance of the conditions of the Corporate Governance. itis Neither an audit nor an expression of opinion on the financial statements of the Company. in our opinion and to the best of our information and according to the explanations given tous, ‘we certify that the Company has comphed with the conditions of Corporate Governance as ‘stipulated in the above mentioned Listing Agreement. ‘We turthor state that such compliance is neither an assurance as to the future viability of the ‘Company nor the afficiancy or atfectiveness with which the management has conducted the altairs of the Company. For P.K. AMTSARIA & CO. ‘Chartered Accountants Ptace : Kolkata Pawan Kumar Ataris Dated : 26th May, 2010 Membership No. 53100 qi7ySILICON VALLEY INFOTECH LIMITED CERTIFICATION BY CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER: We hereby certify that for the financial year, ending 31st March, 2010, on the basis of the review of the finanqlal statements and the cash flow statement and to tha best of our knowledge and beltet that :- 4, These statements do not contain any material untrue statement or omit any material fact or contain statements that right be mistaading. 2. These atatements together present a true and fair view of the Companys alfalrs and are in compliance with the existing accounting standards, applicable laws and regulations. 3, There are, to the best of our knowledge and balief, no transactions entered Into by tha Company during the yeax 2009-10 which are fraudulent, legal or violative of tha Company's code of conduct, 4, We accept responsibility for establishing and maintaining Internal controls, We have evaluated the atfectivenass of the internal contral systems of the Company and we have disclosed to the Auditors and the Audit Committee those daficiancies, of which we are aware, in the design or operation of the intemal control systems and that wa have taken tha required steps to rectify these deficiencies. 5. Wa further certity that : {@) there have been no significant changes in intemal contro! syeter during this year {o) there have been no significant changes in accounting policies during this year. (6) _ there have beanno instances of significant fraud of which we have becom aware and the involvement therein, of management or an employee having a significant rote in the Company's internal control system. Santosh Kumar Jatin Goutam Saha Managing Director Chief Financlal Officer Place : Kolkate Dated : 26th May, 2010 i (18)SILICON VALLEY INFOTECH LIMITED MANAGEMENT DISCUSSION AND ANALYSIS REPORT industry Structure and Development - Gvervlawe: The GDP is growing af w rae cf about 7.2% and wih this high growth, itis expacted thet your company will aiogrown hiture. The BSE Sensex has crosses tne 1S00Omerkcdyring the curran| year, which ehows thal there will be substanbal growth in the equity investment and finance companiag, With this growth, your compary i expected It ana a begnl Fyre. We vriness that NBFC sector, in India. are facing ett! compotition trom differant banke and financial ineitutions, Tha cost of funds-ct the banks is inwer ea compared Ip NEFC's. Not only thie, they have a very wide network and huge captial basa which makes than more attractive than NUFC's, However es the market is. volatile in nalure, hg long-term growth of capital market calle for a matter of concem. Opportunities, threats, rlske and concerns : Yourcompary spas oppatursiesin the market with existing and new customers. Yourcompany has dedicated Sccounts sam Ip focus Gn esch customer Rising input costs and volatility in matecial, energy are some of the key challenges that your company is addressing by specific indiatives lor each, ‘There in. major threal coming Irom Ganka. Ganke have reduced the rata of Intersel: this nae reduced the spread, thereby reducing the margin. The volatile nature of market also poses another thraat. Your company ‘also tapes ali comperiion trom Nationa ised, Foren and Private Sector Banks as thay provide fomne at a very low rate of intoraat ‘Your company is expousd to axternaland Intama! rake associated with ina business. Rls exposodtoatrong compathive pregeures and tinancial rake from changes in inlerest rate, economic cycles ele, Your company is taking stepa to ensure Ihe sitectoa tak MmanageTien by maimEining & orcent and ‘commercial businase practices and @ comprehensive risk managemant policy. Future Ourttook : Your Company intends ta invest in businesses related to inlrastructure, talacommumication, software etc., in Ihe coming years since it ssae good prospect In these areas. It wousd definitely try to establish fall and romain a 4 slrong playar In the finanos industry. With the Capital market expected fo be in a beter mode ‘than the previous few years and with our eMforte wa can Inok forward loa prosperous veer for the Company, internal Control Systems and thelr adequacy : The Compary haw In glace adequate interna! control systems and procedures commensurate wih Ihe size and nature of na business. Thase procodurss are Gemigned 0 ensure *- / That all assets and resources 470 used efficiontly and ora adequately prctecte That all internal policies and statutory gukielines are complied within letter & a ¥ The accurmey and timing of finanedel reports and management Information, Malgrlai Development in Human Resources / Incusiriai Ralaiiona trond numer of people employad + ‘The Campary believes that people are the key ingredient 10 the auccssa of an organization. Looking alter people makes goed business sense becaues, « people are molalad, service axcallonca will folkw, The (Company eacognizes tha importance and conirlbutien of ta Kuman reccurcas fer is growth and development and le committed (c the development af is people. Financia! and Operational Periermance : Ths financial statements have baen prepared in compliance with the raquiramants of the Compania Act, 1956.and Generally Acceptad Accounting Principles (GAAP) In india, ‘Cautionary Statement : ‘Statement in tha Management's Discussion and Analyals describingtha Company's projections astute, ‘expectations oF predictions may be forward looking predictions within the meaning of applicable sacumties less and regulations. Thass forward-docking stalaments ara based cn certain avaumpllons and expaciallons @(fulure events over which the Company exercises Ro control, The Company cannot guarantee Ihat nese ausumptions snd aypsctations ara ancurate oF will be remixed, Actual reauks may ditier materialy from such estimates, projections, sic. whelhar sxprassed or implied. (iy)SILICON VALLEY INFOTECH LIMITED $$ eeSSSSSSSSSSSSSSSSSsss AUDITORS' REPORT To THE MEMBERS, GILICON VALLEY INFOTECH LTD. ‘Wa have audited the atiachad Balance Sheet of Slileon Valley infotéoh Limited, agat 31a March, 2010 and alse the Profit and Loss Account for the year ended on that date annexed thereto, These financial staremants sg the responeibilly o! the Companys management. Our responsibility is Io exprese an pinion on these financial Btalemante beeed on our audit We conducted our audit in accordance with auditing mandala gonorally acospted in India, These standards. require that we plan and perfown the audit lo objain maonabie assurance about whather the jinancial Gatermenta are ines cf material misplalement. An audi includes mxamining, on n tant basis, avidence Supporting the amounts and diaclooures in the financial atatemanté, Ari audil alec Includes aseaasing the necounting principles used and significant estimates mada by management, as well a evaluming the ‘overall nancial statement pedentation. We believe thal our sudt provide a reasonable basis for our ‘opinion, Further, wp report that : 1. We have obtained elt he iMormation and explanations, which te the bea! of our krtowiadge and bellu! seere necessary for the purpose of Our Audit ; 2. Inour epinian, proper booka of aocounts aa required by law, have baen kapt by tha Company 40 fa ‘Appears from our examination o! thoge books ; 3. The Balance Sheal and Profit and Loss Account dash with by ihls report are in gresmenl with the books of account ; 4. eur opinion, tha Balance Sheet and Frofit & Loss Account deait with by (his raport comply with the accouitting alandards referred io in aub-secton (30) of Section 211 of tha Companies Act, 1956, tg the extent applicable; 5, On thw basie of written representations received from the directors, a8 on 31st March, 2010 and taken On record by tha Board of Direciors, we report thet none of tha dinctors i® dlequalified as on 311 March, 2010 from being appointed aa « Director in termm at claute (g} nf aub-saction (1) ot Section 274 ‘of Ibe Companies Act, 1856 ; &Irour opinion and ro tha beat of our information and accordingto the explanations given to Ul, tht said SccounTE Giva ihe information required by tha Compares Aci, 1858, (1 the manner gq required and Give 8 true and faur view in conformity with the accounting principles generally accented in india 4) Inthe case ol the Balance Sheet, of the state af Affaire ol the Company Bs al 31 at March, 2010, B) In Ihe case of the Profit & Loss Account, of the Profit for the yaar anced on that dala ©) Inthe case of Gash Flow Statement al tho cash flows for the year ended on inal date, ne (20)SILICON VALLEY INFOTECH LIMITED 7. As required by the Companies (Auditor's Report) Order, 2003, and as amended by the Companies (Auditor's Report), (Amendment) Order, 2004 issued by the Central Government in terms of sub- ‘saction {4A} of Section 227 of the Companies Act, 1956, we enclose in the annexure a statement on the matters apecified in paragraph 4 and 5 of the said Order. For P.K. AJITSARIA & CO. Chartered Accountants {Fitm Registration No, 317048E) Pawan Kumar Ajitsaria Place : Kolkata Proprietor Dated : 26th day of May, 2010 (Membership No. 63109) 1 f@ ) co) ® o {e) (Referred to In Paragraph 7 of our Report of even date on the Accounts of ‘Silicon Valley Infotech Limited as on 31.03.2010) The Company has maintained proper records showing full particulars including quantitative datails and situation af fixed assets. Fixed Assets have bean physically verified by the management of tha Company during the year, which in our opinion is reasonable having regard to the Company and the nature of its fixed assets. There was no aubstantial disposal of fixed assets cluring the ygar, which would affect the going concem of the Company, ‘As explained to us, the inventory has been physically verified during the year by the management. In our opinion, the frequency of verification Is reasonable. In our opinion and according to the information and explanation given to us, the proceduras of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. In our opinion and according te the information and expianations given to us, and on the basis of ur examination of the records of iwentory, the Company is maintaining proper records of inventory. Tho discrepancies noticed on physical verification of Inventory as comparedito the book records ‘were not material and have been property dealt with in the books of account, The Company has neither granted nor taken unsacurad loans, to/from companies, firms or other parties covered in the register maintained under section 301 of the Act. In our opinion and according to the information and explanations givan to us, there ara adequate intema! control system commensurate with the size of the Company and nature of its business with fegard to the purchase of inventory and fixed assets, and with regard to the sale of goods & services. ‘During the course of cur audit, no major weakness has bean noticed in the intemal controls.SILICON VALLEY INFOTECH LIMITED 10. 1. 12. 13, In respect of transactions entared in the register maintained in pursuance of Section 901 of the ‘Companies Act, 1956 :- Based on audit procedures applied by us, to the best of aur knowledge and belief and according to the Information and explanations given tous, we are of the opinion that the transactions that neaded to be entered into the register maintained under Section 301 have been 80 entered. In our opinion and according to the information and explanations given to us, tha Company has not accepted deposits {rom the public and therefore, the provisions of the Section S8A and 58AA of the Companies Act, 1956 and rules there under are not applicable to the Company. Inabsence of any Internal Audit Report, we are not ina position to state whether Internal audit system commensurate with tha alze and the nature of its business. Tothe best of our knowledge and as expiained, the Central Government has not prescribed maintenance of cost records under clause {d} of sub-section (1) of Section 209 of the Companies Act, 1956 for the products of the Company. {a) According to the records of the Gompeny and information and explanations given to us, the ~ Company has bean regular in depositing undisputed etetutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, Sales Tax, Wealth Tax, Gustams Duty, Excise Duty, Service Tax & Gess and other statutory dues with the appropriate authorities during the year. {B)According to the information & explanation given to us, disputed emountin respect of Income Tax is as follows :- Nature of Demand ee Year ‘Casas pending with Incorne Tax Rs.1,77,044.00 | Accounting Year-03-04 Commission of Asaeesment Year-04-05 Income Tax Appeal (1} ‘The Gompany have accumulated losses of Rs. 236.27 lacs as at the end of the year. Howaver, the ‘Company has not incurred cash losses during current year, Based on our audit procedures and on the basis of information and explanations given by the management, we are of the opinion that Company has defaulted in the repayment of dues to financial Institutions. According to the information and explanations given to us, the Company hes not granted any foans and advances on the basis of security by way of pledge of shares, debentures and other securities. Inour opinion and secording to the information and explanations given to us, tha nature of activities of the Company doas not attract any special statute applicable to chit fund and nidhi / mutual benefit fund f societies. (22)SILICON VALLEY INFOTECH LIMITED 18. fa} Based on the records examined by us and apconding to the Informagion and explarabong garoe 19. awe ate o/ the opinden that the Company le mainsining proper racord of the transactions and contracts of dealing in ahanse and eecuritlen and thal timely ériries have been made In these records. (b) Bead on our audit precedures.and to the best of our knowledge and bella and according ta the information and explanaifons given fo ux, the uhares and securiier have been held by the Company, in Ite own name. 1, AgoaRding to the informalion and explanations glvan tows, the Gormpany hes not given any quarzniee tor loans taker by othare from bank and jinancia/ estinutlons . 16, Tothobes! of our knowledge snd belief and according to the néarrngtion and explanations given tous, tha Company hae not avaied any term loan, 17, We have been intormed by the management thai oo iunds have beer mised and used and hanes: Glaube (xvii) fs nol applicable. 1%. The Gampany hes not made any preferentiel aROITeNt OF shates 10 pArtiog of companias covered in the register maintsined under Section 361 of the Companies Act, 1856. 18. Tha Company did not have any outstanding dabenturee during tne year, 20. The Company has nel raiced ary money through 2 public iaaue during the year. 21, Based on information and explanation tumiehed by the management, which have basn retlad upon by tua, there were 1a frauds On or by the Company noticed of reported during the your. For BK, AITBARIA & CO, (Chartend Accountants (Firm Ragutration No. 3170496) . Pawan Kumar Ajltsacle Placa : Kolkata, Propraar Dated : 20th dey of Mey. 2010. Membership No. 53109) (23)SILICON VALLEY INFOTECH LIMITED BALANCE SHEET Aa Al 31st March, 2010 Asan aoa ‘Sehedule = Stet Maren, 2010 ‘Diet March, 2005 SOURCES OF FUNDS 1. SHAREHOLDERS! FUND 9) ShareCepital A 12,98,80,000.00 — 12,06,80,000.00 D) Avsorved Susplus B 19,22,90,785.00 Y 2. LOAMFUNDE a} Secured Loans Cc —-3,70,60.000.00 3. DEFERRED TAK LIABILITIES 54,70,914,00 TOTAL : 29,48,40,707.00 APPLICATION OF FUNDS 1, FIXED AGSETS (AT COST) BD 5} Gross Block 499,66,078.55 — 4,90,60,078.65 By Lats. Depreciation B7OBMMEOO — -3.47,06,075.70 6) Nel Block 4ABFaA3275 | 145,803,802 95 2, CURRENT ABSETS, LOANS & ADVANCES. ®) CURRENT ASSETS. Stock In Trada E -22,54,20,095.65 — 22,46.26.832.40 i) Sunery Diatrtoes F ‘99, S8,200,08 (96,51,250.00 i) Gash & Bank Balances a 25,245.00 48,780.20 i} Other Currant Anauts H 926,919.98 10,14,108:38 b) LOANS A ADVANCES 1 2BSOEIE64 =——2,85,40,001.69 25,00,03281.38 — 28,08,01 105.64 3. LOSS | CURRENT LAABILINES & PROVESIONS a) Current Liabitties 4 84,28, 882.68 68,88,417.98 Bb) Previslona « 4,25,000.00 — $853 88285 68,88,417 56 NET CURRENT ASSETS 25,02,90,418.80 — 25,97,92,775.66 4. Protit & Lome AMC (Dr) 2A828,055.53 — 2,64,54,128.09 TOTAL: 204840,707.00 29,48,40,707.00 ‘Significant Accounting Policiaa & Notea on Accounts” = A ABpérou Report ot oven date For PK AJITRARIA & CO, ‘Cheriered Aocoontents: ‘Santen Kumar Jain AMrcaging Dxeetar Fincs : Pawan Kamar Alitsaria Pmprietor ‘Shiv Kamar Lakkar Raman Chatieriea Deed | 2601 Day of Mey. 2010. Mernnerstyg Ho. E109 Srey Director (24)SILICON VALLEY INFOTECH LIMITED ———jKeK mm PROFIT & LOSS ACCOUNT for tha year ended 31ai March, 2010 Fou We year anded For the year ended Scteduke tat laren, 2010. ‘Bat Htarch, 2008 INGOME Sale of Snares 37, A6,00,379.16 29.00,74.200.53 Intarant & Dividend L 7,80,528.60 18,89,198,51 ‘Other Income “ 299,424.55 5.10,140.42 incresea| Decrease) in Stock N 11,99,900.15 (8.24.01 676.75) 37,05 04, 13674 20,09,70,798.71 EXPENDITURE Purchasa of Shares IO S4S352425 = 21,24,90,144.53 Employment Expenses 9 23,15,598.00 25,03,631.00 Adrinistralive-& Omer Expanses Pp 21,908,606 28 11,02,408.55 57,09,07 55851 21,61,76,194,00 Proft Bators Non Cash Charges 59, 98,578.23 (1,58,08,407.97) bass: Non Cash Charges a 20.09,970.20 26,00.62820 Profi{Loes} Betore Tax 33,27 206.08 [1.84,14.876.57) Lea : Provision tor Tax. - Currant Tax 425,000.00 - - Fringe Senet Tax = +_90,004.00 ProfityLoas} Attar Tax 022003 11,84,44.90057) Lens : Secustlen Transaction Tax — 4,06,4a4.93 Lesa: Income Tex for Earlier Yaar 64,993.00 3,952.00 Balanos brought forward from previous year (264,64 128.38) £76,08,750.85) Burplus avaliahte tor Appropriation Qazi) §«©— (284,60, 128.30) APPROPRIATIONS Balance cainied to Galanca Sheet 4R36,28,055.38) ——(2,69,64,528.09) (2.36.26,865.98) (2,64,84,126 35} Significaett Accounting Posies & Notescn Accounts Basic Earning per Share owe 1.18) Fane Vekit por Share Re, Rg, 1 ‘As per our Reportof even dave eae Santorn Kanes Jain Managing Drector Place Hekate Pawan Kamat Aftiwria ey Prooieor ‘Sale Kumar Lakkar Roman Chatieries Deted : 26th Day of May, 2010 (Membership Ho. 53109 Secntary Birrclor ——SSS—_—SKS (2a)SILICON VALLEY INFOTECH LIMITED SILICON VALLEY [NFO CASH FLOW STATEMENT DESCRIPTION — Your ended You! yaned DtstMereh, 2010 tsi Nach, 2009 A. Cash Flow fom Operating Activities Nel Profit belore Interasl, Taxes & Extraordinary Iterni® 33.27.20800 | (1.64,14.976.57) Adjustments tor : Provision lor Taxation Written Bsck - {1,72,008-00) Sncortwy Tax Pld (425,000.00) - Feinge Bonatit Tex - (90,004.00) iroome Tax for Eartler Year {84,983.00) 43,052.00) Socuvities Transection Tex - {4,05,444.69) Deprackstion 26,00,570.20 76,09,629.20 Pretminary & Public Insue Expances writen-off - = Opennting Profit batons Working Caphal Changes BA8S43.23°—(1.04,16,044.30) Changes in: Iveontovion: (1p0.g08.15} 8, 24.01,078.76 ‘Sundry Debeors (93,0701 8.88) 65,18,78850 Other Currant Asdale 78,700.00 10,59,443.00 Loans & Advances cena,soz.o1) — 3.25,90.285.97 Trade & Other Payables AASSSAG) | (14,61,18,562 2) Nel Cash amt Operating Actiities a (23,834.30) 856,04373 @ Cash Flow tram investing Activities Purchasa af Fixed Aesatt — A181 378.00) ‘Hit Caen from Investing AcIIiie eS = = _{17,81,978.00) ©. Cach Flow from Financing Activites Loan - Secured - = Hat Crah from Financing Activities © = = Hel mores in Cash and Gash Equivalente (A+) 5534.0) {11,46,996.91) Cash & Gash Equivalents (Cpaning Balancs) ag72020 41,85.767.11 Cash & Cash Equivetents (Closing Balance] 25,206.00 48,700.20 As por our Re pod cf even die Fok KASTEARIA BES ‘Samoch Kumar Jain Aging Director Pawe Kuner a Place : Kallas eee Shix Kummer Lakkar =| Raman Chatterjee Qiled ; 262 Gayol May, 2010 Hgonbarnn Ho. 89100) Seevntny Sarector npn (26)SILICON VALLEY INFOTECH LIMITED Schedules forming part of the Balance Sheet and the Froflt & Lose Account for the year ended S1#t March, 2010 SCHEDULE- A ‘SHARE CAPITAL AUTHORISED 20,80.00,000 Equity Shures.ol Fla. + each FSSUED, SUBSCAIBED 4 PAID LP 12,90,00,000 Equky Gharea of Fla. 1/-earh {Out of abowe 16,59,700 Copity Shareg issuad ‘or consideration on Armaugamation of Eimostale Electron Ud. and Arihent tnvestment Trust Lid. and 25,58,700 Equity Shares of Re. 104 each issued as fuly paid up Bonus Shsres } SCHEDULE -B RESERVES & SURPLUS: Capta Revere (Gn torfemure of 4,11,500 Equity Shares} Reeve Fund ‘Share Proiurh GCHEDULE-C SECURED LOANS Loan from Rural Elacificetion Comoraiion Ltd. {A Gov. of india undertaking) + Secured against mavable and immovabla Properiies except book dette, both prasent Gnd futurein repect of Wind Power Profect and guarsntaedby one Director & ona Ex-Olrector. am asa Aiet Merch, 2070 A ist March, 200% ‘2oy80,00000.00 — 20,50,00,000.00 12,88,00000.00 12,80,60,000.00 12,08 /80,000.00 — 13,06,80,000.00 198,16,000.00 56,15,000.00 B5,18,799.00 5,108,709,00 12.05,07,000.00 — 12,00,97,000.00 132290,785.00 — 19,22,30,708.00 2,70,50/000.00 — 2,70,59,000.00 2,70,50,000.00 2,70,58,000.00 (27)—- OOOO orooe:, ed ureeray OF2z0, = esask —rgzsez - ooreesez uredpig ewSILICON VALLEY INFOTECH LIMITED SCHEDULE-E STOCK INTRADE ag aT 51-09-2010 “AS AT 31.09.2008 NAME OF THE COMPANY Maourd Arouml Guintty Gunny RP. ity unity SUGTED SHARES 2tet Century India Lin 43,008 460,050.00 - — Acme Pasources Ltt: m0 3,909.00 - — Abmodabad Steal Ld = = 800 8,000.00 Alok Industrie Loe 1,000 185,400.00 - - Aumach (nla Extuaiot Lid. - = 400 1,120.00 Ankit Matha Ld 1.862 34,600.00 - = Apollo Finvaet Lid. - = 2.000 19.240.00 Asihart Lisl 4100 4,73,000.00 97300. 4,73,000.09 ATA injeedional Lid. ROOF Aaoaenad = (2,80,307 aster 4 ‘has! Products. Lid. - - 4,388 BoGON _ - 8,000 Bathory Neva Lid, 16,000 2,28,.500.00 = - Blea UL Ld ~ - 1,385 6024.75 Blue Chip hicim Lid 330,108 37000072 390,188 12,00,878.88 BOC Inda Lig. - 71,575.00 Bolton Properties Lis 104,000 - G8 G Construction Lia. =~ = ‘Camation Industries Ltd - 13,857.50 Ghamax ingle Led, 1.000 - CME Infotech Lic, 20.56,000 2,05 90,590.00 Cora Fever! Holding Lid, - = 3,076.00 Geamo Films Lid, - - 32871149 DB International Lid. = - 1,830.00 Digium Let. = - 1,887.25 Dujochraia Paper Lid. - - 7RASE 4,02, 153.30 Dujodwale Procuucte Ld, - - 1,060 7,085.00 EIMGO Elvcon tnelta L1. - — 17523 64,08,161.19 Elenro Steel Casting Lid. ” - 3,000 94,550.00 Elegant Commerce Lid, 80,000 Teeoeeno = 750,000 ——75,00,000.00 Exide Industries Lt. = - 208 1187808 Fader Mogul Goetze Lid. - = qed 40,75,044.20 ‘QR Cables Lid = - 1,800 49,000.00 Gabe! Lid. = - B68 4,d86 34 Gall Lie - - 42 1,677.10 Gines Filemerts Led. - - 50 223.00 Globe Soya Produaty Lid. 220,000 19,00,000.00 = -2,20,000 —22,00,000.00 GMB Infrestucture Le - - 1,700 1.51,853.28 Sokukies Export Ltd. - - 3232 138,908.18 GIL Infrastructure Lod. - - 14,428 424,504.60 Gujarat Industrial Power Go.Lid - - 1,800 58,476.50 ‘Gujarat Opticals Communication Ltd. - - 2800 33,992.09 Gujral Heavy Chemicals Lid. ez ar D.ah - -SILICON VALLEY INFOTECH LIMITED SCHEDULE - E (Contd) AS AT 99-00-2010 AS AT 91.03.2008 Nand OF THE COMPANY Amount Amount ‘Quanity Ae rity Guit OM Lie) - — = 248888 1,57,27,087.08 Halanbe Lid. - - 300 37,125.00 Marit Era Texan Ltd, = - 2,000 6,120:00 MEL Power Symiems Lid = - ‘aor 44,07,459.04 Herakd Commerce Lid. 96,040 300,240.00 96,640 9,98,240.00 HFCL 1244 62,462.08 - - Hindusthant Ooer Olver Ltd, - - 33,623 10,18,642.24 Hind Tin Work Lid - - sazt2 , 0,19,02840 Hindus Founckies. Lic. - = 6.533 9,43,691.51 Honeywell Automenion india Lit ~ - 56 44,077.00 Korman Motars india Ud, - - 55.737 lean Hume Pipe Go, Lid, - - 35 inckan Veuh Lid. - _ 106 Indo Count (Industries Lid. = - 1,900 Indokem Lid, - - a5 weiLca - = 1,0%301 kan Exchenge Lid, - - 1437 (VA Prime Uren Developers Lid, - - 1,500 Seipac Frain - - 23,000 50,190.00 demne Auto Industries. Lid, - - ze 2.11.20 Jayerat Meco Lid, 45,057 1S IBTI7I0 - - JBF Industriea Led. ™ ona7e.20 - - Jbegedia Copper td, = - Te 24,424.55 Jiedal Photo Fima Lick - - me 10,110.40 4K Cement Lid - - 4585 1,72,078.98 Jog Engmenring Lid. - _ 10,990 5198820 Kale Gonputtants Lid. - - sot 1151412 Kalyani Stee Li, ~ - 4.403 30,470.53 Kirloskur Ferrous indusites: Led, ~ - 73 854.10 LOG Infotech Ltd, 20,70,000 15C5250.00 —20,07,000 — 40,14,000.00 Lymm india Lid, 22300 57,319.00 22,300 3,90,027.00 Meo industries Lid, 40 72,608.60 ~- - Mohindra Forgings. Lid. - - 1.382 51,410.40 Mangiam Indie Lid 1,900 39,000.00 1.000 33,000.00 Marson's Lod 138,200 ADIT 2,75,708 400,018.10 Mawana Sugar Li. oan AL - = Maytag teres. Ltd, - ~ 6,000 10,000.00 Merely Bharat Engineering Lei, + = a7,988 1,180.75 Midland Plostics Lid, - - 300 2,400.00 Mikipoint Software kt. - - 200 8,000.00 Mount Everest Minor Water Lie. - — + 42888 524530.85 haukand Und. - - 200 4870.00 Nahas Exports Us. - - 3317 31,811.80 Nahar Poty Filta Led, - - 20e1 19,199.50 (wh)SILICON VALLEY INFOTECH LIMITED SCHEOULE - E (Cont) ‘a AT 59-05-2010. ‘AS AT 91.03.2009 NAME OF THE COMPARTY Amount Amount ‘Guanittiy Ra Quart ARUP (Mahar Spénindng, Lie - aars 55,078.90 Network 10 Media Inveaintent Lid. 28 - - Netware 18 Macha invest Lid, Werrmnt 240012 40. Neowork Aadia A investment Ltd. PREF 14M¥19 45 NRC Lid, - — NCL Industries Lod. - — a5 870.00 NIT Lad, - - 730 15,187.50 ‘Noble Exntoetvea - - 10,900 90,800.00 ‘Noida Medicare Centre Lid. - - 2100 12,800.00 ‘Ocean Infraainuchirss Lic. id 2,000.00 - - ‘Oman india Led. 1742 1H 7e8.90 - 7 ‘Organic Coating Lid, - - 5.003 O8.561.17 ‘Ovlerit Paper Lid. 2,000 aasonno - — Pan Inde Corporation Lid - — 1.04800 82,830.00 Paper Product Led. - — 105. 5,907.00 Pasupail Acryion Lt - - 76 960.00 Papin india LI. _ - 200 1,080.00 Pentamedis Graphics Lid. e270 18,720.58 - - Phosnix Lamp India Ld. = - 00 19,328.00 Pramad Glnes Lid. - - 1 31.05 Premed Healthcare Lic. - - 20 4250.25 Prrammel Liman Li ~ - 7e7e9 = -33,80,488.70 Potar Pharma bndia Lid. - - 60 120.50 Prag Boalmi Synthardes Lid. - = eno 2,084.00 Prakash kaustries Lid. ~ - 8a 120.08 Prime Capian Lg, 1AB2753,84,04,028.00 ~ - Prime Pair Produote Lid. 1,700 Sati 00 1,700 18,300.00 Potiah Nancy Communication Lid. ~ = Beene = 11,21,088.82 Priyadarshini Spinning RAs Led - ~ 1.250 9,825.00 Rambatshna Fincap Lid. 5100 128,480.00 ~ - Ramoo System - — WALA 1,25,30.201.22 Flymond Ltd. = - 512 SOT.E17 Pestle Ceramics Ltd - - 780 5,828.00 Sahyadt industries Lea - = +280 39,000.00 Shean Nidhi Trading Go. Lag +O 22,86,540.09 - - SSongen India Led. - - 10,000 40,300.00 ‘Steal Logietice Ltd. - — «130416 88,a5.825.02 Souihem Onina Biotechnologies Lit - - 2,351 18,478.56 Souther Petrochemicals Ind Gor Lid. - - 386 2,222.85 Surion Energy Li = - 10.000 4,24,000.00 Switch Tech _ - 5500 77,000. Tairoe Automotive Components Lig — - 4,031 18,888.00 Tata Stee! Lid. « 2198.20 = - Ths. - - 17842 15,168,570 eeSILICON VALLBY INFOTECH LIMITED ‘SCHEDULE - E (Conta) AS AT 31-03-2010 ‘AS AT 92.001.2000 NAME OF THE COMPANY : amourt ‘Amount Quereny ma PR Queneiy fo Thagarh Wagons Lid. - - 500 64,904.08 Univeral Media, Network Lid. ol _ 2,000 500.00 UT Lie. - — F104 816,585.48 Vogue Textiles Lid. - — 2,800 S.B25.00 Wine Lid, = a 700 4293.90 Yekoon India Lid ~ - oS +2250 V116,60,007.08 70,60225 10,19,25,611.02 UNGUOTED SHARES Abhileed Fecrotech Lid. 3,840,000.00 _ = ‘Acoard Trcon Lid. = 18,850 18,85.000.00 Alkon Trading Ltd. 250,000.00 _ _ “Aneire Projscts Lb. 6,55,000.00 aS 24 500.00 Axthal Commareial Pvt, Lid. 125,00,000.00 — - Bahuball Proportion Lid. - 21800 21,50,000. Bulpowar Yyapar Li 67,00,000.00 = ~ Casecade Power Lid. 560,000.00 = = Catesie Mercnendine Led. = 7430 74,34,000.00 Oeapmaia Delors Lid. 21,00,800.00 — = - 208,925 1,77,72,500.00 16,00,000.00 10,000 20,50,000.00 - 3,000 3,00,000.00 13,00,000.00 - - Dibyalyou Trade’ & Comm. Led. Bia Commodiies Supphiaen {1} Led. Harwrang Peojacte Lid, Ind Bharat Proves Intra. Lie Indo invast Vision Lia. 44,00,000.00 = - Inte Infratalld Pvt. Le 10,00,000.00 - - Kaizen Power Lic. 5,00,000.00 _ ~ Kanumur Holdings Pvt Lid _ 6,000 15,00,000.90 Lora Buppiiaes Lec - 3088 a.$7,224.20 Marina Suppiieen Pe Lie, 132,00,000.09 — - Modan Poweat Put. Lid - 550 95,000.00 Musitika Vinimay Pvt Ud, - 19.750 19,75,000.00 Nabwort Powar Pel, Lid, 9,26,70,000.00 = - Needgan infotal Pvt. Lid, 6.38,800.00 - - Nodlé Power Prt. Ltd. 1,42,75,000.00 — - ‘Srcaa Khan Pv, Lid 40,00, 000.00 = - ‘Clue Supphera Lt - 80,000 © @0,00.000.00 Onpray Commercial Pvt. Lid. — 277,000 2.40,64,000.00 Parichay Powss Lid. 10,60,000.00 - - Rangbarshi Projects Ld 10,00,000.00 - - ALD Cement Lid, 18,05,000.00 - - Sultlaka Vyapwar Led, '5,00,000.00 - = Savers Traders Lin. 1,40,51,586.48 _ _ Sez Infrastructures Devatopars Put. Lid. '50,00,000.00 - - Shealal Farms Lid = = 19.250 1025.00.00 ‘Sunny Dealers. Lid. _ = — 2,07,000 2,07,60,000.00‘SCHEDULE - E (Contd) SILICON VALLEY INFOTECH LIMITED AS AT 31-03-2010 AS AT 31.09.2009 NAME OF THE COMPANY Amount Amount ‘Quantity As. P Quantity Ra. PB Topiight Tradelink Put. Ltd. 37,000 37,00,000.00 - - Vertual Energy Lid. 11,000 11,00,000.00 _ ~ ‘Vulcun Power Lid. 22,000 (22,00,000.00 -— - ‘Weldort Tradelink Ltd. - - 392,100 3, 11,29,656.55 11,94,090 10,84,06,485.48 12,47,474 —11,83,71,880.75 DEBENTURES Ahmedabad Electricity Ltd. 900 54,000.00 900 84,000.00 Flex Foods Ltd. 120 1,200.00 420 1,200.00 Hanil Era Textiles Ltd. 10,750 3,76,280.00 40,750 3,76,250.00 Hind Powerplua Ltd. 120 12,000.00 120 12,000.00 Khatau Junkers Ltd, 375 12,750.00 375 12,760.00 Mardia Chemicals Ltd. 100 6,000.00 100 6,000.00 Mideast India Lid. 300 18,500.00 300 18,500.00 Modi Alkalies & Chemicals Lid. 360 7,700.00 350 7,700.00 Raymond Lid. 7 (210.00 7 210.00 13,022 4,86,610.00 13,022 4,88,610.00 MUTUAL FUNDS: Caninfrestructure - Dividend Pian 35,000 3,50,000.00 35,000 3,06 850.00 ‘JP Morgan India Equity Fund 293,906 25,55,50122 2,903,208 ©——17,95,699.02 Reliance Media & Entertainment Fund 1,568,139 23,76,431.79 1,856,138 17,11,280.71 4,84,597 281,009.01 4.04597 96,42,520.79 Aggregate Value of Quoted Shares 64,62,877 11,16,86,607.06 76,50,226 10, 19,26,811.92 Agprogate Value of Unquoted Shares 11,04,000 10,88.85,495.48 —12,47,474 11,89,71,880.75 Aggregate Value of Debentures: 13,022 4,86,610.00 13,022 4,86,610.00 Aggregate Veius of Mutual Fund 464,537 52,81,993.01 484.537 38,42,520.73 81,54,528 22,58,20,635.55 93,965,258 22,46,26,832.40 ‘Aggregate Market Waluo of ‘Queted Shares 41,48,06,414.94 10.27,90,972.99 (33)SILICON VALLEY INFOTECH LIMITED SCHEOULE-F SUNDRY DEBTORS {Unsecured, Considered Good} Excsqding Site Martha Oran BCHEDULE-@ GASH & BANK BALANCES ‘Cashin Hand (89 per Books end aa ‘Certiiod by ine Management) Balance with Scheduled Banks. in Current Account SCHEDULE-H GTHER CURRENT ABEETS Advanea Income Tax Income Tax Retund TDS Payasia Shara Application Money ‘Tax Deducted at Source, SCHEDULE-1 LOANS & ADVANCES. Loans Unsacured, Cortakiered good - Bodies Corpornte ADVANCES. Advances Rlecovernbie in cash oF bn kind or forvalue to be received (34) 2.50,2088 2a0.oe wa Ag7 BA 635,000.00 30807038 050,978.23 1,90,288.00 201 SOTO 29T5RO1I.04 Aa st Sigt Maret, 200 86,51 250.00 BB.51,250.00 5,16,000.00 98,790,00 4,240.00 10,000.00 93,06,070.38 10,14.106.38 1,88.255.00 2,61,41,985.63 2.68,40.27 1.63.SILICON VALLEY INFOTECH LIMITED Anat Aga Slot March, 2010 31at Merch, 2000 SCHEDULE. J CURRENT LIAEMLITIER Other Linhiition 03,00 506.58 6888,817.55 (Canara Bank OFD (Tempormty Bakince} 30,288.60 - 94,26,062.48 6B.B8,417.35 SCHEDULE -K PROVISIONS, Praviions int Income Tax 425,000.00 _ aon SCHEDULE -L RATEREST & DIVIDEND: Okedanet 7,80,903 09 19,98,134,51 Previous Year Adjustenant 9,805.00 - 190,528.90 19,.88,104.51 SCHEDULE: OTHER COME Profit in ehare dealing 3,02,345.55 430,438.55 Mecolanaous Faceipts: 47a100 8143.08 etorant from Others SEZ9TOO 82,649.00 a0 610,190.42 ‘SCHEDULE-N INCREASEADECHEASE}IN STOCK Gloeing Stock 22,45,26,882.40 Laas : Opaning Stgck 34,70,28,700. 55 (8.24,01,876.75) (35)SILICON VALLEY INFOTECH LIMITED For the yams anced Fur theyear ended Bet Merch, 2000 Stat March, 2509 SCHEDULE-O EMPLOYMENT EXPENSES Salary & Other Allowances: 20,50,523.00 22,84.874.00 Employars Contribution lo PF, 2,06,896.00 204,018.00 Contribution ta Gramuity Fund 168,920.00 95,241.09 ~ayisa9000 «25.03.6010 SCHEDULE -F ADMINISTRATIVE & OTHER EXPENSES Advertisement 52,025.00 97,408.00 Audtor# Remuranaiion 17,000.00 17,000.00 Bank Charges 71eR2 9,733.00 Business Proangtion 52,308.00 12,542.80 Books & Pariodicals 2,778.00 200.06 Sustodien Changes 131,600.62 82,438.77 Blocticity Charpas 70,780.00 84,645.00 Fling Fees 3,500.00- 11,027.53 ineurence Charges 19,500.00 46,205.00 Logat4 Professional Chomgan 74,556.00 16,000.00 Listing Feea 471,200.00 118,427.00 Membership & Subscription 10,500.00 s.000.00 Miscellaneous Expanues 10,775.80 2,088.00 Motor Ger Expenaa 400,123.00 2,96,016.00 Printing 8 Stationery 8,000.00 7,055.00 Rater & Taxes 4400.24 10,731.00 Peper Maimenanca 6,855.00 11,840.00 Seourttios Tranauction Tax 21423242 ~ ‘Statutory Shares Traging Expenses ‘418,074.00 107,077.08 Share Tranuier Charges 8,000.00 14,000.00 ‘Telophana Charges 310,400.02 91,861.58 Travaling & Comeyance: 278etees 214,081.99 21,98,00028 13,82,408.54 QCHEDULE-a HON CASH CHARGES Capreclation 25,05,970.20 26,09,520.26 35 DATO 28,00,529.20 (36)SILICON VALLEY INFOTECH LIMITED SCHEDULE - A 1. SIGHIFIGANT AGCOUNTING POUGIES: A BASIE-OF ACCOUNTING : The Financial Statements have been prepared under ihe Histereal Cost Convention and ane an accrunt baeis, 5. INCOME RECOGNITION: Af evenuaaincornes except Dividend, Iniereston Debentures are recognised an accrual basis of accountng, G. PRINCIPAL ACCOUNTING POLICIES « Accounting Poticisa, unless epectiicalyy stated to ba otherwise, ara consistent and ate in cored nunca with generally apowated accounting principles. t GRATINTY: ‘The Company has taken Group Gratuity Policy 1rom LIC of India bor ita erriployees andeontnbulian ald during the year hed been charged to Profi & Lose Account, E. STOCKINTRADE: ‘Stock in Trace are valved at lowe of Coal and Markel Value, * FINED ASSETS: Fixed Asmats are staled af coat ol acquisition lage depreciation, @& DEPRECIATION; Cepreciation hes beso provided on Sirah Line Method at the rates prascribad InSichadule Xrvto- tye Companies Act, 1956, Excapl Power Projacta on which no Depreciation has bean charged, 4. GONNNGENT LIABILITIES; Contingent liabliiien ara generally not proved for in the books 01 accounts und ate separalety shown In the Notes on Actos, @ NOTES ON ACCOUNTS: AL QUANTITATIVE DETAILS OF GOOD6THADED: SHARES AND DEBENTURES (#0 1 71M March, 2010 As at 31gt March, 2000 Quanity Amount ‘Quantity Amount ‘Opaning Stock BO.85.206 22,48,28,007.40 — 1,07.88,008 31,70,28,700.15 Purchases MFOT MMA AM2S = 96,57,904 21,26,90,14853 Sale 81,7762 3746,00,970.15 30,20,822 20,05,74,286.55 ‘Closing Stock ‘B104R20 22,58,20,635.55 90,968,288 22.46,28,892.40 —— Se Cat)SILICON VALLEY INFOTECH LIMITED G. in thé opinion of tha Management, ine Sundry Debtors, Loans & Advances and Current Assets hava a value onrealisation in the ordinary course of business at leewt equalic amount ut which they _ara stated in the Bolanes Shest. Gaming A Expenditure in foreign currancy - MIL 1) Amiuckia Invastmem! Co, Lad. 2 ATN International Utd, 2) Blue Chip ind Ltd, Transaction with che parsons mentioned in {Aj above s Remuneration Fla. 12.00.0004 Transaction with the soterprises merttioned in (8) above : Purchase of Sharan during the your Ais. 1,15,00,000 Sale of Ghares during the yt WIL H, Deferred Tax: dn view of no Virtual cartuinty of future profits to et off looses, no provieign for dalorrad tax hax boon mane as requiced. The Company has made ne provision for interest accrued amounting to Fis. 35.54 (Previoua year Re. 36.54 Lacs) ag the matter in Subjudice Bator Hon'hia Debt Racovery Tribunal in rempect of lmcunt payable to REGU, . | J. Information purauant to Part IV Schedule VI to the Compenles Act 1956 hag been ghien in Anmanune 1 ny (28)SILICON VALLEY INFOTECH LIMITED ne K. Information pursuant 10 paragraph #816 of Hon Banking Financial Companies Prudential Norms {Asaarve Bank) Directions 1966 haa been given in Annaxure - Retirement Benefite : Provision for ratirament benelits has not been made as no employes has pul in the quaktying poriod of service ler anthied of the beralit, 4. Enmings par Share: ‘The Company reparts basic and diluted earnings pet aquity snare in accordance with Accounting Standard - 20 Earnings por Shara isauad by the Institute of Chartered Accountanis of India. you 2008-08 ‘Numerntor uned : Prolif for the year 29.27.206.03 (1,84,14.976.57) Danominator ued: Mo. of Shares of Rip. 1% each 12,0880,000 —12,96,80,000 PS O02 Dias 4. Figures in brackets represent privious year figures. ©. Schadula ‘Ato "A" annexed herewith ore forming part! tha Balance Sheet and the Profit Loss Agoounk. As por our Report of even dats For RK ANTSARER & CO, Santosh Kumar Juin Managing Desetey Pawan Kamar Aptsaria Praca. Kolkata Frogiiocor Shiv Kumar Lakkar Ramon Chatier|oo Dialed 26th Day of May, 2010 umberanig ta, 58108 Seomey Director {39}SILICON VALLEY INFOTECH LIMITED ADDITIONAL INFORMATION AS REQUIRED UNDER PART TY SCHEDULE Vi c# COMPANIES ACT, 1958 BALANCE SEDET ABSTRACT AND COMPANT'A GENERAL BUSINESS PROFILE |. REGISTRATION DETAILS [ET [SRF] state code L] [2fe[*9] K. GAPITAL RAISED DURING THE YEAR {Amount in As. Thousand} Righis lesue Grn) (TT) Private Placement (0. POBITIGN GF MOBILISATION AHD CEPLOTUENT OF FUNDS (AMaURE In FIs. Thousand) Registration No, Aalance Shee! Dale Public. Inoue {Allotment honey} Bonus Issue Total Liabilities f2]e[sJefaTi] Totet Assets Souress of Funds Paid-up Capital Reserves & Sucpius Secured Laana Dolerred Tax Liabinias Application of Funds Nel Fixed Assets Investments INET) Net Guirent Assets EEIZ19]8] 9 Miscollansous Expenditure EEEEE] Accumulated Lous: 'W, PERFORMANCE OF THE COMPANY (Amount In Ra. Thousand} Turnover Total Expenditure (Girlz Te) Proli{Loss) Before Tax Prolil/{Loss) After Tax EisT2] Earning Per Shara (In As.) {As Per Monatary Terms) (tem Gods No, {ITG Gada) Product Descrlptien Dividend Fite (%) NOT APPLIGABLE GRANTING OF LOANS 4 TRADING IN SHARES & SECURITIES. AS pes our Repar( of oven date For RX AJITEARIA 4 GO, [n] ¥. GENERIC NAME OF THREE PRINCIPAL PRODUCTS / SERVICES OF THE COMPANY Chirtoed docountarve Santosh Kirmar Jain Pace: Kodtata Pawan Kumar Ajitsaria rag Dect Koakat Propoator Shy Kumar Ladktcar famea Chatterjee Oted 260 Cay of May, 2010 Memberahip No. 53108 Secrmanry Dawe so (40)SILICON VALLEY INFOTECH LIMITED Anaoxure - i Schedule to the EMance Shuut af s non-deposit taktig vonbanking financial company {4 required in terms of Paragraph 13.97 Non-Banking Financial (Nan-eposit Aceapring o: Hoksing) ‘Compasties Pradential Norms (Resarva Bani) Directions, 2007) (fe. in Usk Particulars ] UABILITIES S108 : { t Loans and advencorsvalled by tha non-uanking: Amount Ouistanding | Atount Overdus financial company incisive of Interest accrued thereon tutnot paid: {a} Debentures: Secured ‘AIL NIL + Wineecured NL NL {other than falling within the meaning at public dapesrin') fb) Deterrad Credits NIL AIL (@] Term Loane iL NEL {01 Inter-comoeate Loans and Borrowings 215.58 ML (8) Commercial Papar NL NL 4) Other Loans japecity nature) NL NL ‘Piemse see.Note f bolaw ASBETS SIDE : Athourt Outstanding 2. Bresk-up of Lome and Advances Including bale secelvables {other than those Included Mid] bolo): (a) Secured NIL PaGSd D1 Unaecured Bresteup of Leased Aggeta and stock on hireand other aneats counting towarda AFC activities = (0 Leave ansets including lonse rurdgla under sundry debtors ; {al Financial Lease iL (©) OperatingLeasa. NIL (3) Stock on hig including hire charges under sundry aabiors = ts) Asanis on hire NL (b) Repossassed Asaals ML Gi) Other ioans courting towards AFC sctivition : (A) Loans where ancots have been reposeassad NL (b) Loans omer than (a) above NL eee a 41}SILICON VALLEY INFOTECH LIMITED Partlewtare. Amount Guistanding 4. Broskaup of investments : Current Invacimante: 1 casted; @) Shares: (a} Equily 1115.87 (b} Preference NIL () Debentures and Bonds a7 4} Unite of Mutual Funds 5282 {¥} Govemment Securities MIL 4) Dihare (Please pacity) AIL, ‘Un-Guoted : Shares: (a) Equiy 1084.85 (0) Pralerance NL () Dobenturss and Bonds NIL (i) Unita of Mutual Fund Ni, {lv} Governmant Securities NL (1 Others (Please specity) NIL Long Tarm investments : Quoted: © Shares (2) Equity 123.05 &b) Preference NL i) Debentures and Bonds: NIL I} Units of Mutual Funds NK ih] Government Secu ntion NE {1 Others (Please specify) NIL UneGuoted: ) Shwaa (a) Equity 454 (0) Preference Nr (3) Debentures and Bonds NIL. th) Units of Mutual Funds NL ty) Government Securtien NIL (i) Otters [Prense apecity) NL (42)SILICON VALLEY INFOTECH LIMITED 5. Bottawer group-wise ctausltication of eesets financed us In (2) and (3) above : Plaase coe Note 2 below 0] Companies in the same group fe} Cher related parties 2. Other than related parias ed 4) Pnveetor group-wise classification of all investmenta (Current and Long Term) In shares atid erourities {both quoted andanquoted) = Plonse see Note 3 below Markot Velua/Break-up or Book Vale FairValue or NAV (Nato! Provisions) 1. Flelatad Partios‘* {a) SubeKienes MIL MIL fb} Companies inthe samme group ML a LS NIL (c)_ Other relates parties 2, _ Other than related parnea » As por Accounting Standard of ICAI (Please ace Nota 3}. T. Other Inforriationt : Particulars ‘Amount () Gross Nor-Pertorming Aauela (a) Aninted Parties wn (B)_ Other than reiaied partes NIL (Net Nos-Partorming Assets (a) stated Parties NIL fb) Orbar than retated panies MiL NL 1. Aedetined in paragraph 2(1iail] of Now-Banking Financial Companies Acceptance of Pubic Dopoaits (Fleearee Bank} Directions, 1998. 2. Provisioning norms shall be applicable aa preacribed in Non-Benking Findndial {Non-Dapesil Accepting or Holding} Comparrias Prudential Nowa (Reseree Bank) Directona, 2007. 3. All Accounting Standards and Guidance Notes Issued by ICAI are applicable including for vakation of investments and cther essett ab ake adeeb acouined in ealistection of dati. Howeew, marke! “VRE In Hepat of quoted investments Bnd beepic uptalr villus NAY in ramped of unquoted invasiments should ba diacicaad Imespective of whether thay ane clasalfed me long term or current in (4) sbows ——— ee (43}Silicon Valley Infotech Limited Flog. Offlee : 10, Princop Sueai, 2nd Floor, Kolkata - 700 072 PROXY FOAM ‘Shares hekd DP ID No. Ragittired Folks No. Clent ID Ne. we being a memberits) ol the above Company, hereby appoint ‘of failing himéher ot an myfaur Proxy to vote for meyua and on my/our behalf at the Twenty-Seventh ANNUAL GENERAL MEETING of tha Company, to be hold at "Soman! Conisrence Hall", Marchante Ghambar of Commerce, 158, Hamante Beau Swrani, Kotkete ~ 700 001 on Monday, 20th Septambef, 2010 at 11.00 am. day af. 2010, Signed py he sald... NOTE ; The proxy to be sflectieg should ba deposhad at the Flagisterod Oifice of the Company not jess tran 49 hour balorp tne commencement at tie maciing. Silicon Valley Infotech Limited Regd. Offica : 10, Princap Strost, 2nd Floor, Knlkata - 700-072 ATTENDANCE SLIP (Peas complete this Anondanca Slip and hand over al the emirance of the Mueting Hal} ‘Shares held DP ID Mo. Registers! Faille No. (Glignt 1D No. (Pisase welln your name in BLOCK Lotlers) Therapy sacord aty praaanca at the Tworty-Saventh ANNUAL GENERAL MEETING ol Ihe Company to ba bald at “Somani Gontarance Hati", Merchania Chamber ot Gammerce, 158, Hemaria Basu Saranl, Kolkata = 700.001 on Monday, 20th September, 2010 a 11.00 a.m. MamberaProxys Siinature (To ba signed al the sma of handing over the slic} NOTES : 1, Memiben/Proxy folders are requested In bring inelr copite of the Annual Report win tne a1 the Meeting. 2. Plomes carry with you thes Attahdance SH and hard over the same day signed et tha space provided, at the eniranca of the Meating Hall.