| 1) The inventories of the company are valued as per cost price and
market price which ever is less.
2) Deffered tax arising on account of timing differeance and which are
capable of rev ersal in one or more subsequent periods is recognised
using the tax rates and tax laws that have been enacted or
substantively enacted. Deffered tax assests are recognised unless there
is virtual certainty with respect to the reversal of the same in future
years.
3) The revised Schedule VI as notif ied under the companies Act,1956,
has become applicable to the company for the presentation of its
financial statements for the year ending March 31,2013. The adoptation
of the revised Schedule VI requirements has significantly modified the
presentation and disclosurs which have been complied with in these
financial statements Previous year figures have been reclassified in
accordance with current year requirements.
4) All schedules annexed to and form integral part of the Balance Sheet
and Profit & Loss Account.
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