1.  No provision for Income Tax has been made in view of carried
 forward losses.
 
 2.  Contingent liabilities for uncompleted contract of capital
 expenditure not provided for Rs.
 
 3.  The Company has closed down in business operatiions. These are very
 few employees. Therefore no Provision of Gratuity in made is made in
 the accounts.
 
 4.  Corresponding figures of previous year and / or rearranged wherever
 found necessary.
 
 5.  Balances are subject to confirmation.
 
 6.  In the opinion of the board, Current Assets, Loans & Advances are
 Approximately of the value stated if realised in the ordinary course of
 business. The provisions for all known liabilities are made in accounts
 and the same are adequate and not in excess of amounts reasonably
 necessary.
 
 7.  RELATED PARTY DISCLOSURES
 
 Related party disclosures as required under Accounting Standard on
 “Related Party Disclosures” issued by the Insutitute of Chartered
 Accountants of India are given below :
 
 There are no transaction with related parties.
 
 8.  During the year the company has not carried out any business
 activity. Therefore Accounting Standard 17 on “Segment Repoting“ is not
 applicable.
 
 9. The Company has unabsorbed depreciation and carried forward losses
 under the Tax Laws. Also during the current year there is substantial
 unabsorbed depreciation and business loss. In absence of virtual
 certainity of sufficient future taxable income, deferred tax
 asset/liabilities has not been recognised by way of prudence in
 accordance with AS-22-”Accounting for Taxes on Income” issued by the
 Institute of Chartered Accountants of India.