1. In the opinion of the Board of Directors, Current Assets, Loans &
Advances are realizable at the value at which they are stated in the
Balance Sheet in the - ordinary course of business
2. During the year under report, there was no employee drawing a
salary exceeding the limits prescribed u/s 217 (2A) of the Companies
Act, 1956 read with rules made there under.
3. Previous year figures have been regrouped and re-arranged,
wherever considered necessary.
4. Mehted Party Transactions:
In terms of Accounting Standard AS-18 issued by The Institute of
Chartered Accountants of India, the related party transactions for the
financial year 2010- 2011, is as under.
5. Earning Per Share:
As per the Accounting Standard (AS-20) on Earning Per Share (Basic and
Diluted), issued by the Institute of Chartered Accountants of India,
the earning per share of the Company is as under: