In the opinion of the Board of Directors of the Company, the Current
Assets, Loans and Advances have the value on realisation in the
ordinary course of business at least equal to the amount at which they
Figures of the previous year have been regrouped/rearranged wherever
No confirmations have been received in respect of Sundry Debtors,
Creditors. Loans and Advances given and received and the balances are
as per books of account only and are subject to further reconciliation
where necessary on receipt of such confirmations. Bank balances are
subject to bank reconciliation and confirmation.
Provisions for income Tax has not been made n the accounts as the
Company incurred loss therefore there is no any tax liability.