1. The Company Income Tax assessment completed up to assessment Year
2008-09.
2. Capital commitment (net off advances) not acknowledged as debt Rs
NIL (Previous Year NIL)
3. Significant accounting policies followed by the Company are as
stated in the statement annexed to this Schedule.
4. Contingent liability not provided for - In respect of disputed
electricity charges Rs. 58.97 lacs (Previous Year 51.89 Lacs).
5. The Company is in the process of determining dues of small scale
industries / undertakings exceeding Rs.1 Lac, which is outstanding for
more than 30 days.
6. a] In the opinion of the Board of Directors, the Current Assets,
Loans and Advances are of the value stated, if realized in the ordinary
course of business.
b] Balances appearing under the head Sundry Debtors, Sundry Creditors,
Loans & Advances, and Deposits are subject to confirmation and
reconciliation.
7. Previous year figures have been regrouped, rearranged wherever
necessary, so as to make them comparable with the figures of current
year.
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