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
 Benefits''
 
 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.