| 1. The previous year's figures have been reworked, regrouped,
rearranged and reclassified wherever necessary.
2. All the investments, if any made by the company are valued at Cost.
3. Managerial Remuneration: Rs. 2,40,000
4. The inventories of the company are valued as per cost price and
market price which ever is less.
5. Deferred tax arising on account of timing difference and which are
capable of reversal in one or more subsequent periods is recognized
using the tax rates and tax laws that have been enacted or
substantively enacted. Deferred tax assets are recognized unless there
is virtual certainty with respect to the reversal of the same in future
years.
6. All schedules annexed to and form integral part of the Balance
Sheet and Profit & Loss Account.
7. Minimum Alternative Tax (MAT) is recognised as an asset only when
and to the extent there is convicing evidence that the company will pay
normal income tax during the specefied period. The Company reviews the
same at each balance sheet date and writes down the carrying amount of
MAT Credit Entilement to the extent there is no longer convincing
evidence to the effect that company will pay normal Income Tax during
the specified period.
8. Value of Import on CIF Basis Nil
9. Earnings in Foreign Exchange (FOB Value) Nil
10. Expenditure in Foreign Currency Nil |