| 1.1 Provision, Contingent Liabilities and Contingent Assets
Provisions involving substantial degree of estimation in measurement
are recognized when there is a present obligation as a result of past
events and it is probable that there will be an outflow of resources.
Contingent liabilities are not recognized but are disclosed in the
notes. Contingent assets are neither recognized nor disclosed in the
financial statements.
1.2 The Current Assets. Loans & Advances has value equal to the amount
at which they are stated and provisions for known liabilities have been
made.
1.3 Notes are integral part of the Balance Sheet and Profit & Loss
Account.
1.4 The company does not have any suppliers under the Micro, Small &
Medium Enterprises Development Act, 2006 and hence disclosures, if any,
relating to amount unpaid as at the yearend together with interest
paid/payable as required under the said Act have not been provided.
1.5 All known liabilities have been provided for on the basis of
available information/ estimates.
1.6 Foreign exchange: There is no foreign exchange expenditures of the
company.
1.7 Estimated amount of contracts remaining to be executed capital
accounts is NIL.
1.8 Earning in Foreign Currency is NIL.
1.9 The Current Assets, Loans & Advances has value equal to the amount
at which they are stated and provisions for known liabilities have been
made.
* In the opinion of the Board the Current Assts, Loans & Advances have
been valued on realization in the ordinary course of Business.
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