| 1.1 Terms / Rights attached to equity shares
The Company has one class of equity shares having a par value of Rs. 10
each. Each shareholder is eligible for one vote per share held.
In the event of liquidation of the company, the holders of equity
shares will be entitled to receive remaining assets of the company,
after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the
shareholders.
2 Balances of Trade Payable and Loans & Advances are subject to
confirmation & reconciliation if any.
3 Previous year figures have been recast / restated to confirm to the
classification of the current period. Figures in bracket as given in
notes to accounts relates to the previous year.
4 Since the company has substantial carried forward losses and
unabsorbed depreciation and also in the absence of virtual certainty of
having taxable income in the near future, hence no Deferred Tax
provision has been recognized as envisaged in AS -22 on Accounting
Taxes on Income issued by The Institute of Chartered Accountants of
India.
5 No Provision for taxes have been made inveiw of the current and
carried forward losses.
6 No Depreciation is provided since commercial production is yet to
commence.
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