NOTES ON ACCOUNTS

1 Previous years figures are regrouped/ rearranged wherever necessary.

2 All the Opening Balances are taken as per previous year audit report.

3. Contingent liability in respect of claims against the company not acknowledged as debts against which the company has counter claims aggregating to Rs. i s Nil.

4 In the opinion of the Board, the current assets, loans and advances are approximately of' the value stated in the Balance sheet, if real in the ordinary course of business.

5. Information pursuant to paragraph 2, 3, 4, 5 of Part II of the schedule III is given as under so far as it applies the company

a) Payment to Statutory Auditors

Current Year Previous Year

1 Audit Fees 60,000/- Rs.10000/-

6. Provision for Taxation for the current year has been made after taking into consideration benefits admissible under the provisions of the Income Tax Act, 1961.