| 1. During the year under consideration the company has written off the
investments made in 4,59,000 unquoted equity shares of Rs. 10/- each
fully paid-up amounting to Rs. 45,90,000/- in M/s Bipmapers Infotech
India Limited. The management of the company has made all the efforts
to sell off these unquoted shares over a period of time and could not
find any buyers and is of the opinion that these shares have no
realizable value in the market. Further the company has also written
off part of the investment made in the 2,50,000 equity shares of
Fintech Communication Ltd amounting to Rs. 21,12,500/- on the valuation
of investments on net realizable value basis.
2. In the opinion of the Board, the current assets including loans and
advances, deposits are good and will fetch the same value as stated in
the accounts, if realised in the ordinary course of business and
adequate provision has been made for current liabilities.
3. In the absence of declaration by the Sundry Creditors with regard to
their status as Small Scale Undertaking wherever appropriate, it is not
possible to determine, the amount if any payable to the Sundry
Creditors falling within the meaning of Small Scale Industrial
Undertaking.
4. Additional information pursuant to part IV Of schedule VI to the
companies Act. 1956 regarding Balance Sheet Abstract and Companys
general business profile is given in Annexure A.
5. Previous year figures are regrouped, rearranged & re-classified
wherever necessary to make them comparable with the figures of current
year.
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