1 In the opinion of the Board, all the assets other than fixed assets
and non-current investments have a value on realisation in the ordinary
course of business at least equal to the amount at which they are
stated. The Provision of all known liabilities is adequate and not in
excess of the amount reasonably necessary.
2 Disclosure pursuant to Accounting Standard -15 ''Employee
Liabilities in respect of gratuity & leave encashment are accounted for
on cash basis which is not in conformity with Accounting Standard
(AS)15 (Revised 2005) on Employee Benefits as notified by the Companies
(accounting Standard) Rules , 2006 which requires that Gratuity and
Leave Encashment Liabilities be accounted for on accrual basis.