Estimated amount of contracts remaining to be executed on capital
 account and not provided for Rs. 5025,000/- (Previous year Rs.
 1,84,75,000/-)
 
 a. The Company has filed appeals with various Income-tax authorities
 against demands raised by Departments for Asst. Year 1992-93 to 1994-95
 and 1996-97 to 2000-2001. The Company disputes such demands raised by
 the department and expects substantial relief in the appeals. In the
 opinion of the Directors provision made for taxation is adequate and
 their is no additional provision required on this account.
 
 b. Liability for guarantees given to financial institutions for
 borrowings of sister companies Rs. 775 lakh.
 
 3. In the opinion of the Board of Directors, Current Assets and Loans &
 Advances are approximately of the value stated if realised in the
 ordinary course of business.
 
 4. The Company has not paid any remuneration to its Directors.
 
 5. Investments - Unquoted Fully paid equity shares of Rs.10/- each of
 Motel Pali Hill Ltd., a group Company 200 Nos. of Rs.56,35,000.
 
 6. Sundry creditors does not include any amount due to small scale
 industrial undertakings where outstanding exceeds Rs. One lakh and
 outstanding for more than 30 days.
 
 7. In view of the variety m nature of activities and its turnover
 including sale of food and beverages, it is not practicable to give
 quantitative details of turnover and consumption.
 
 8. Deferred Revenue expenditure of the agro division is being written
 off over a period of 10 years against the income of agro division. As
 stated elsewhere the agro division is being liquidated and this
 expenditure will be adjusted suitably at appropriate time.
 
 9. Capital work in progress Rs.2995 lakh includes work done by its
 lessee companies is take over by the company against the bank loan of
 the related companies transferred by the Banker to the Companys
 Account. As these projects have not been completed these assets are not
 capitalised and no depreciation has been provided. Certain expenditure
 which could not be directly aligned to the capital creation activity
 have been written off to revenue.
 
 10. Previous Years Figures have been regrouped/rearranged wherever
 necessary.
 
 11. No other additional information pursuant to para-graph 3,4-C and
 4-D of part u of Schedule VI of the Companies Act, 1956 is applicable
 to the Company.
 
 12. Additional information pursuant to Schedule VI of the Companies
 Act, 1956 is disclosed to the extent applicable to the Company.
 
 As per our report even date
                                         For and on behalf of the board
                     Dedhia Talak Devji            SUMAN MOTELS LIMITED
 Plate : Mumbai      Chrtered Accountant       S. M. Hussain - chairman
 Dated : 25-06-2003,                           S.M. Khandhar - Managing
                                               P.M. Khandhar - Director