1. The factory was totally closed during the last financial year.  The
 normal wages have been provided in the books for the workers who are
 still on the payroll of the company however no payment have been made
 on account of wages to the workers and therefore no accounting entries
 have been passed in the books for Provident Fund and ESIC.
 
 2. Previous year figures have been regrouped and/or rearranged where
 necessary, for comparison purpose.
 
 3. Confirmation from Debtors, Creditors, Loans and Advances, Banks for
 their balances and from parties, Branches and subcontractors for
 materials lying with them are not taken.
 
 4. Expenditure in Foreign Currency on foreign travel during the year
 was Rs. Nil (previous year Nil).
 
 5. Excise Duty paid on Finished Stock at branches is considered as
 prepaid expenditure.
 
 6. Sundry Debtors include a firm in which the company is a partner --
 Silvan Roche Electronics Rs. 138.83 lacs (previous year Rs. 138.83).
 Maximum amount due Rs. 138.83 lacs (Previous year Rs. 138.83 lacs).
 The firm has a negative net worth as per the latest available Balance
 Sheet, however the same has been provided for as doubtful debts in the
 books.
 
 7. Company has investment of Rs. 180.98 lacs (Previous Year Rs. 180.98
 lacs) in partnership firm M/s SILVAN ROCHE ELECTRONICS having negative
 net worth as per latest available balance sheet with 5% shares in
 profits and losses.
 
 Total Fixed Capital of the firm of Rs. 1000.
 
 Details of other partners and their Share in profit and loss are as
 under.
 
 Rochiramsons Trading & Investment Pvt. Ltd.                     5%
 
 Tinans Trading & Investment Pvt. Ltd.                           5%
 
 Nangat Trading & Investment Pvt. Ltd.                           5%
 
 Minaprisi Trading & Investment Pvt. Ltd.                        5%
 
 Peenarayan Trading & Investment Pvt. Ltd.                       5%
 
 Peepriya Trading & Investment Pvt. Ltd.                         5%
 
 Jayshaks Trading & Investment Pvt. Ltd.                         5%
 
 Jayslids Trading & Investment Pvt. Ltd.                         5%
 
 Lotus Electronics Ltd.                                          5%
 
 Mamada Electronics Ltd.                                         5%
 
 Sabarmati Electronics Ltd.                                      5%
 
 Ocean Electronics Ltd.                                          5%
 
 Ralelectronics Ltd.                                             5%
 
 Cactus Electronics Pvt. Ltd.                                    5%
 
 Sutlaj Electronics Pvt. Ltd.                                    5%
 
 Baron Engineering Co. Ltd.                                      5%
 
 Mrs. S. R. Mulchandani                                         10%
 
 As per the latest available Balance Sheet of the firm, it is in losses.
 
 8. Share of losses from the Firm is not taken as accounts for March 95
 onwards are not received.
 
 9. Public issue Expenses of Rs. 5,39 lacs incurred in year 1991-92 are
 considered as deferred revenue expenditure and is to be amortised over
 10 years period.  Hence Rs. 2.54 lacs are written off in the current
 period.
 
 10. The Gratuity and leave salary is accounted for on cash basis.  No
 provision for accrued liability of Gratuity and leave salary is made as
 the same is not ascertained.
 
 11. Confirmation is not obtained for machinery lying in bonded
 warehouse C.I.F. value Rs.  23.58 (23.58) lacs, Raw material stock of
 Rs. 169.91 (169.91) lacs lying in bonded warehouse and Finished Goods
 of Rs. 21.95 (21.95) Lacs lying at the various branches of the company
 which are presently not operating.