1 Provisions, Contingent Liabilities and Contingent Assets
 
 Provisions involving substantial degree of estimation in measurement
 are recognized when there is a present obligation as a result of past
 events and it is possible that there will be an outflow of resources.
 Contingent liabilities are not recognized but are disclosed in the
 notes. Contingent Assets are neither recognized nor disclosed in the
 financial statements.
 
 Claims not acknowledge as debts amounting to Rs. 17,89,625/- in respect
 of Sales Tax / VAT Liabilities.
 
 2. Loans and advances are subject to confirmation from respective
 parties. In case where repayment of loans is not forthcoming, the
 Company has taken action in the matter and as per the management, no
 part of principal amount is considered doubtful.
 
 3.  The details of amounts outstanding to Micro, Small and Medium
 Enterprises are based on the information available with the company
 
 4.  Taxation
 
 a) Provision of Current Income Tax is made on after considering the
 effect of deduction under section 80IB of the Income Tax Act, 1961.
 
 b) Deferred Taxation:
 
 The deferred tax liabilities comprises of tax effect of timing
 differences mainly on account of depreciation. Deferred tax is
 recognized, subject to the consideration of prudence, on time
 differences, being the difference between taxable incomes and
 accounting income that originate in one period and are capable of
 reversal in one or more subsequent periods.
 
 5. Previous year''s figures have been recast / re-stated wherever
 necessary.