1A. Company has an unsecured loan of Rs. 2 Lacs (Previous year Rs. 7
 Lacs) from the company. In view of the present financial scenario, the
 company has approached them to waive the interest amounting to Rs. 0.71
 Lacs (previous year 1.12 Lacs) on such unsecured loan, hence no
 provision has been made in the account.
 
 2. Related Party Disclosure:
 
 A. Names of related parties and description of relationship i Key
 management personnel
 
 Mr. K.N. Bagla
 
 Mr. B.P. Hazarika
 
 Mr. Satendra Singh
 
 Mr. Naresh Tulshan
 
 3. DEFERRED TAX LIABILITIES
 
 The company is not claiming any depreciation on the fixed assets of the
 company under the Companies Act, 1956, nor under the Income Tax Act,
 1961. There being no other items of expenses or income which have a
 timing difference which will give rise to the deferred tax assets. As
 per AS-22 issued by the Institute of Chartered Accountants of India,
 deferred tax amount should be recognised only to the extent there is
 virtual certainty that sufficient future taxable income will be
 available against which deferred tax assets can be realised. At
 present, there is no virtual certainty about the availability of the
 sufficient future taxable income; hence calculation of deferred tax as
 per AS-22 is not done by the company.
 
 4. Figures for the previous year have been regrouped/rearranged
 wherever considered necessary.
 
 5.  None of employee was in receipt of remuneration aggregating to
 more than Rs. 6000000/- per annum or Rs.  5,00,000/- per month if
 employed part of the year.
 
 6.  Income Tax Assessment of the company have been completed upto
 Assessment year 2010-11 u/s 143(1)(a) of the Income Tax Act 1961. In
 view of the brought forward business loss & unabsorbed depreciation, no
 provision for Income Tax has been made in the book of accounts.
 
 7.  Segment Reporting
 
 As the company''s business activities fall within a single primary
 business segment, the disclosure requirement of Accounting Standard
 (AS-17) ''Segment Reporting'' issued by the Institute of Chartered
 Accountants of India is not applicable.