1. REMUNERATION TO DIRECTORS
 
 Managing Director, Whole Time Director Rs. Nil
 
 2. PAYMENTS TO AUDITORS
 
 Audit fees: Rs. 5000/-
 
 For Other services: Rs. 1001/-
 
 3. Estimated amount of contracts remaining to be executed on capital
 account (Net of Advance) as at 31st March, 2002 Rs. Nil. (Previous year
 Nil)
 
 4. Inview of the loss during the current year, the company has not make
 provision for corporate tax.
 
 5. The previous years figures have been re-grouped and re-arranged
 wherever necessary.
 
 6. Clause 4A, 4C and 40 of part II to schedule VI of the Companies Act,
 1956 are not applicable to the company.
 
 7. TAXATION
 
 Defferred tax arising on account of brought forward unabsorbed
 depreciation under tax laws, are recognized only if, there is virtual
 certainty of its realisation, supported by convincing evidence and of
 the company, there is no certainty of its realisation of deferred tax
 assets, due to nature of business activities in short future.