Hello,
To answer your question right of the bat: your combined amps on both 12V rails is 19 (228W). So the short answer is yes, you (just barely) meet spec. I'd still look for a review that tells you how much that power the card actually eats on load.
Here's a PSU calculator that will crunch some approximations and raw data to tell you what PSU wattage you will probably need:
http://educations.newegg.com/tool/psucalc/index.htmlI'm kind of leery of this PSU and here is why. Usually all of those ratings on your PSU are theoretical, maxes and peaks. First of all, its power efficiency is going to be low (Passive PFC and a really vague stated efficiency). Efficiency also gets lower as your load goes up, and I think you're going to be running your PSU near its limits if you do anything CPU/GPU hungry. So you're not going to get anywhere close to its rated sustained power. Also, IF I am reading the specs right (they are laid out in an unusual way to me), the 12V & 5V rail are sharing some current - so you'd want to go light on the hard drives & other I/O. Balancing between rails may also be a problem if one rail is being maxed out. It just doesn't look like a quality PSU.
As for the peak power, its only supposed to pull that momentarily. If it does it for a long time, it should shut down - I say should, because it could burn up if its low quality.
But that's a little dramatic/worst-case-scenario, and I think you'll probably be fine - especially if you don't do anything like running Furmark & Prime95 concurrently

. It's made to be a low-power card, and it probably doesn't need what it says on the box. You just might want to think about investing in a better PSU if you want to add more parts. If/when you do, consider grabbing a high-quality single rail PSU to avoid all the calculating and malaise.