1) There are no contingent liabilities nor provided for.
2) Depreciation has not been provided on assets by the company.
3) The value of realization of Current Assets, Loans and Advances in
the ordinary course of business will not be less than the value at
which they are started in the balance sheet.
4) Auditors remuneration is as under :
a) Audit fees Rs. 3000/-
b) Tax adit fees Rs. NIL/-
c) Other matter Rs. NIL
5) The Company has made arrangement of settlement with Guj. State
Financial Corporation, Ahmedabad and entire payment of secured loan has
been done by the company under a scheme of settlement and there is no
outstanding secured loan at the end of the fin. Yr. 11- 12.
6) The additional Information pursuant to the provision of the
paragraph 3, 4C, and 4D of Part-II of schedule Vi to the companies Act,
1956 has been furnished to the extend possible and applicable because
of the nature of the business of the company.
7) The previous year figure has been regrouped and/or rearranged