| 1. Expenditure in foreign currency - Nil, Previous year Nil.
2. Earnings in foreign currency - Nil, Previous year Nil.
3. The figures for the previous year have been regrouped, rearranged,
wherever necessary, so as to make them comparable with those for the
current year.
4. The Company is engaged in only one segment viz. Investments.
5. Deferred Tax
In accordance with Accounting Standard (AS) - 22 Taxes on Income',
deferred tax is recognised in respect of timing difference arising in
and capable of reversal in future. As of year end, there are no timing
differences arising in the current year and capable of reversal in
future and accordingly the balance of Deferred Tax Asset/Liability is
NIL.
6. Although the Board of Director have convened Extra Orinary General
Meeting for considering voluantary winding- up of the company, pending
the outcome of the meeting, the accounts have been prepared on a going
concern basis.
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