I.  Previous years figures have been regrouped wherever necessary.  
 
 II. Balances of creditors, Loans & Advances and Debtors are subject to
 confirmation by the parties concerned.
 
 III.  In respect of sales tax/income tax liability company does not
 expect any more liability than provided in the books of accounts.
 
 IV.  Expenditure on Employees getting remuneration not less Rs.
 300000/- per year employed throughout the year and Rs. 25000/- per
 month employed for part of year.
 
 V.  We relied on vouchers duly certified by the Assessee wherever
 original bills are not available during the test checked conducted in
 the course of our audit.
 
 VI. In the opinion of the Directors of the Company the current assets,
 Loans & Advances appearing in the balance sheet are approximately of
 the value as stated if realized in the ordinary course of business.
 
 VII.  Cash on hand at the year end certified by the management. Moreover
 we are not physically Verified the Cash Balance as on 31-03-2012.
 
 VIII. We are unable to express our opinion regarding diminution, if any,
 in the value of the investments as no documentary evidence were
 available or verification/judgment of the same.
 
 IX. Although the working of Plant & Machinery and other assets were
 not effective during the year under review, So the depreciation on
 assets have not been accounted to give effects of decrease in value of
 timing factor.
 
 X.  During the year 1997-989 company has taken loan from Different
 Institute like GIDC, GNFC, Bank of India Cash Credit, GSFC, and
 Management has not provided any data for same loan. So, we are unable
 to express any opinion on the Status of Loans Taken & Repayment as the
 same were outstanding for a long Period. This all loan are also
 Personally Granted by Shri H. P. Khetan and Govindram Khetan.