| 1) Contingent Liability
No contingent liability was required to be provided for during the
year.
2) Figures have been rounded off to the nearest rupee.
3) Previous year's figures have been regrouped and/or rearranged
wherever necessary.
4) Upto the year ending 31st March 1999, the Company was engaged in
Sale/Purchase of Knitting Yarn and various kinds of Fabrics. During the
year, due to the amendment in Main Objects in the Memorandum, the
Company has engaged in trading of MS/SS/Flat.
5) In the opinion of the Board of Directors, the Current Assets, Loans
and Advances are approximately of the value stated, if realised in the
ordinary course of business. The provisions for depreciation and known
liabilities are adequate and not in excess of the amount considered
reasonably necessary.
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