1 Previous year''s figure1:, are regrouped, rearranged or recast
 wherever necessary to conform to this year''s figures.
 
 2 Contingent liabilities not provided for in the Accounts: Current Year
 Previous year 
 
 a) Guarantees is sued by banks
 
 3 In the absence of overall taxable profit, no provision for Current
 Tax/ Minimum Alternate Tax has been made in the accounts of the current
 financial period. Further, as at year end the major components of
 deferred tax are accumulated losses & unabsorbed depreciation, and the
 recovery of the same is not virtually certain. In view of the
 aforesaid, deferred tax asset has not been recognized.
 
 4 Three deposit holders of the company had filed a petition with the
 Company Law Board for the refund of deposits amounting to Rs.5O,0O07-.
 The Company Law Board had ordered the company to pay the amounts in
 installments. As the company could not pay the amount due to financial
 constraints. Register of Companies. Kerala has proceeded against the
 company in the Economic Offence Court for upon compliance of Company Law
 Board (CLB) Older which was dismissed by the court. The Registrar of
 Companies has filed an appeal in the High Court of Kerala, which is
 pending disposal. However, these deposits were settled during the year
 2009-10, on a compromise settlement. Based on this settlelement. the
 deposit holders has withdrawn all their claims and complaints in
 respect of the deposits. The company has filed a petion with the Lot
 Adalath of Ministry of Corporate Affairs to withdraw the appeal filed
 by RoC with Kerala high Court. since the deposit holders claims were
 settled and they had withdrawn their complaints.
 
 5 Managerial Remuneration
 
 a) No commission is payable to any director and hence the computation
 of profit u/s 193 34-9 of the Companies Act.  195 6 is nor required
 
 b) The computation of Managerial Remuneration u/s 35 0 of The Companies
 Act, 1956 have nor been enumerated as the managerial remuneration
 payable to Managing Director are within the limit prescribed under
 Schedule XHI of the said Act.
 
 6 Segment Reporting
 
 The Company did not carry out any operations during the year, and hence
 reporting as required under Accounting Standard 17 issued by ICAI on
 Segment Reporting is not given.