1.  Previous years figures have been regrouped and rearranged wherever
 required necessary.
 
 2.  The debit and credit balance shown in the balance sheet are subject
 to the confirmation by the parties concerned.
 
 3.  In the opinion of the board, current assets, loans and advances are
 approximately of the value stated if realized in the ordinary course of
 the business. The provision for all known liabilities is made.
 
 4.  Information pursuant to paragraph 3, 4 and 4 D of Part II of
 Schedule VI to the Companies Act, 1956 does not apply to the company
 hence not furnished.
 
 5.  The company carries investments at cost. According to the
 management, investments in shares are long term in nature and
 provisions for diminution in the value of investments is not made as
 such diminution are temporary.
 
 6.  There is no foreign exchange earnings and foreign exchange outgo
 during the year.