1 Significant events occurring after the Balance Sheet date are taken
into consideration while preparing this report.
Outstanding balances in respect of Debtors, Creditors, Deposits and
Advances, are
2 subject to Confirmation and reconciliation thereof from the
respective parties. Some balances have been adjusted by inter transfer
of accounts.
3. In the opinion of the Board of Directors, save as otherwise stated,
the Current Assets Loans and Advances have been stated at values
realizable in the course of business and provision has been made for
all known liabilities.
4. In absence of proper information and inadequacy of data of past
years, the company is not able to comply with the requirements of AS-22
i.e. "Accounting for Taxes on Income" issued by ICAI relevant to
Provision for Deferred Tax while preparing the financial statements for
the year.
5 There are some Pending Cases against the company and its Directors
which are listed below:
a) The management has decided to transfer the amount not payable in
Case No:
705/706/05 as the matter has not been admitted by the respective court
and accordingly the same has been transferred to Capital Reserve in the
previous year. This has been confirmed by the court decision in favour
of the company
b) The case filed by Doljo Chem. Pvt Ltd vide Case No: 603/SS05/Mazgaon
Court has been settled by the company arid there remains no liability.
Note 1: As the company has earned a meager amount of profit before
depreciation but loss after deprecation out of its operation. Earnings
per share has not been calculated.
6. Schedules and notes form an integral part of Accounts and have
been duly Authenticated.
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