1. The company is a holding company with investments in subsidiary
companies.
2. All the fixed assets are located in India and are as detailed in
Notes.
3. The stocks are valued at cost or market value whichever is less.
4. Contingent liabilities not provided for.
5. Figures have been re-grouped wherever necessary.
6. Confirmation of balances are not obtained for sundry creditors and
advances made.
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