(1) Figure for the previous year has been regrouped and re-casted
 whenever necessary.  Figures are rounded off to the nearest rupees.
 
 (2) Depreciation has been provided on SLM basis by adopting the rates
 prescribed under schedule XIV of the companies act, 1956. Deprecation
 on addition for the year has been provided on prorate period of uses.
 
 (3) In the absence of taxable profit arising in the foreseeable future,
 deferred tax as per accounting standard-22 prescribed by the institute
 of chartered accountants of India, arising on the timing difference on
 account of carried forward losses has not been considered.
 
 (4) During the year company has written of stores, coal and spares.
 
 Actual capacity in terms of fabric is as per certificate given by
 management of which Auditors have relied.
 
 License required but the company is registered with textile
 commissioner under Registration Certificate No. RC/(p)71 in the year
 1983.
 
 Manufacturing activities are suspended during the year due to labour
 unrest there is no production.
 
 SALES PURCHASE OPENING AND CLOSING STOCK
 
 Sales
 
 There are no sales during the year.
 
 RAW MATERIAL CONSUMED
 
 There is no consumption of raw material during the year.
 
 No provision has been made for Income tax for the current year in the
 absence of taxable profits.
 
 In the opinion of Board, all the Current Assets, Loans & Advances have
 a value on realization in the ordinary course of business at least
 equal to the amount at which they are stated except as expressly stated
 otherwise.
 
 Balance of Sundry Debtors, Sundry Creditors and Loans & Advances are
 subject to the confirmation which includes certain old balances.