A. CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF :
1. There is no contingent liability.
1. In the opinion of the Management, the Current Assets, Loans and
Advances have a value on realisation in the ordinary course of
business, at least equal to the amount at which they are stated in the
Balance sheet. The provision for depreciation and other known
liabilities is adequate and not in excess of what is required.
2. In terms of Accounting Standard 22, Accounting for Taxes on
Income issued by the Institute of Chartered Accountants of India, the
Deferred Tax Assets have not been created in the accounts for the year
ended on 31st March, 2012 as the Company considers that there is no
reasonable certainty of sufficient future taxable income being
available against which such Deferred Tax Assets can be
B. Previous year''s figures have been regrouped and restated wherever
necessary to confirm to the East year''s Classification and figures
shown in brackets are pertaining to previous year.