1. CONTINGENT LIABILITIES:
 
 The Company recognises a provision when there is a present obligation
 as a result of a past event and it is more likely than not that there
 will be an outflow of resources to settle such obligation and the
 amount of such obligation can be reliably estimated. Provisions are
 determined on the basis of management''s best estimate of the amount of
 obligation required at the year end. These arc to be reviewed at each
 balance sheet date and to be adjusted to best estimates.
 
 Contingent Liabilities are usually not provided for unless the future
 outcome may probably be materially detrimental to the Company.
 
 
 A) In the opinion of the board, the current assets, loans and Advances
 and other receivables are approximately value stated, if
 realised in the ordinary course of business.
 
 B) Provision for all known liabilities is adequate and not in the
 excess of the amount considered reasonably necessary. However in case
 where actual bills are not received, the provision has been made on
 estimated basis.
 
 C) Payments to Auditors 
 
 As Auditors Rs. 27,575/-(Previous year Rs. 27,575/-)
 
 As Adviser Rs. Nil (Previous year Rs, Nil)
 
 D) Sitting Fees of Rs. 1.00,000/- (Previous year Rs. 40,000/-) has been
 paid to the directors.
 
 E) No provision has been made for gratuity for this year as the
 provisions of Gratuity are not applicable to this company, amount being
 unascertained for the year.
 
 F) Some of the balances in Current Liabilities and Advances are subject
 to confirmation, reconciliation and adjustments if any, which in the
 opinion of management will not be significant and would be carried out
 when settled.  
 
 G) i) The Small Scale Industrial Undertaking to whom amount outstanding
 for more than 30 days, are Nil.
 
 ii) The company has not received any memorandum (as required to be
 filed by the suppliers with the notitied authority under the Micro,
 Small and Medium enterprises Development Act, 2006) claming their
 status as micro, small and medium enterprises. Consequently the amount
 paid/payable to these parties during the year is Nil.
 
 Note: Figures in bracket represents the previous year figures.
 
 H) Previous year figures have been regrouped/ re-arranged wherever
 necessary to confirm 10 the current year''s groupings/classifications.
 
 I) Bank Balance is as per the statement provided by the bank. However,
 In the Previous Year, the current bank-account having opening balance
 of Rs. 1,29,092/- which could not have been confirmed as no Bank
 Statement was made available for confirmation during the Previous year.
 So the same was pending for confirmation from the bank.
 
 J) Additional information pursuant to the provisions of Para 3,4C and
 4D of part II of Schedule VI to the Companies Act. 1956 has not been
 given as the same is nil.
 
 K) All the Debit and Credit Balances are subject to confirmation.
 
 1 (d) TERMS/RIGHTS ATTACHED TO EQUITY SHARES
 
 The company has only one class of equity shares having a par value of
 Rs. 10/- per share. Each holder of equity shares is entitled to one
 vote per share. If the company declares and pays dividends then it will
 be in Indian rupees. In the event of liquidation of the company, the
 holders of equity shares will be entitled to receive remaining assets
 of the company, alter distribution of all preferential amounts. The
 distribution will be in proportion to the number of equity shares held
 by the shareholders.