1.1) In the opinion of the directors & to the best of their knowledge
and belief, the value on realization of current assets, loans and
advances in the ordinary course of business would not be less than the
amount at which they are stated in the Balance Sheet.
1.2) Balances appearing to the debit or credit of various parties,
Loans & Advances and Deposits are subject to confirmation.
1.3) None of the supplier has informed the company that they are
registered under Micro, Small and Medium enterprises Development Act,
1.4) The management is of opinion that due to sluggish capital market
the value Investment in shares has been fallen substantially and they
expect recovery in the near future. Considering the same being of
temporary nature the management does not feel necessary to provide for
impairment loss for investment in shares as per the provision of
Accounting Standard -28 Impairment of Assets.
1.5) Other provision of Revised Schedule VI of Companies Act, 1956
are either Nil or not applicable.
1.6) Figures of previous year have been re-grouped, re-arrange and
reclassified wherever necessary to conform to the current year