| NOTE: 1 In the opinion of the Board, the Current Assets, Loans and
Advances are not less than the value stated, if realized in the
ordinary course of business. The provisions for all known liabilities
are adequate and not in excess of the amount reasonably necessary.
NOTE: 2 The Company does not deal in any specific segment therefore it
is not possible to give any segment wise information.
NOTE: 3 Accounting For Taxes On Income - Board of directors informed
that company is not in position to set off business loss and unabsorbed
depreciation in future. Therefore it is assumed as permanent difference
and provision for deferred Tax liability not made
NOTE: 4 Related party Disclosures Related party disclosures, as
required by AS-18,"Related Party Disclosures" are given below: No
Related party transaction was carried out during the year.
NOTE: 5 In the opinion of the management the current assets, loans and
advances have a value on realization in ordinary course of business at
least equal to the amounts at which they are stated in the Balance
Sheet.
Note: 6 No provision for gratuity is made in absence of any liability
as per the provision of Gratuity Act 1972.
Note: 16 Figures in brackets indicate figures relating to the previous
year.
Note: 17 previous year's figures have been regrouped /rearranged
wherever necessary.
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