1. Previous year's figures have been regrouped/reclassified wherever
 considered necessary.
 
 2. Debit and credit balances appearing as on 31st March 2001 are
 subject to confirmation and reconciliation, if any.
 
 3. During the year, the company has made provision for gratuity payable
 to employees of Rs. 124108/- including Rs. 116013/- for the earlier
 years.
 
 4.  In respect of lease agreement which have expired during the period,
 the relevant assets have neither been transferred to the respective
 lessees nor claimed back from them in the absence of any stipulation
 contained in the respective lease agreements.  The company has
 continued to show these assets in its books of accounts under fixed
 assets. Necessary adjustments will be made as and when these are
 finally settled.
 
 5.  There is a diminution in the value of long term investment of RS
 8753419/- as at 31.03.2001. The management is of the opinion that the
 said diminution is due to depressed secondary market conditions and as
 such is of temporary nature. As soon as the secondary market revives,
 the market rate will come to a normal level.
 
 6.  In the opinion of Board of directors , the current assets, loans &
 Advances have a value on realisation in the ordinary course of business
 at least equal to the amount at which they are stated unless specially
 mentioned otherwise and provision for all known liabilities has been
 made.
 
 7.  Balance with banks with respect to public issue collection account
 and refund accounts are subject to reconciliation.
 
 8.  Company has not employed a whole Time Company Secretary due to its
 adverse financial position.
 
 9.  The Company does not own any sum to any small scale industrial
 Undertakings(s) as defined in section 3 of Industries (Development &
 regulation) Act, 1951 in terms of notification dated 22.09.99 issued by
 department of Company Affairs.