NOTE 1.1 :
 
 The Company has only one class of equity shares having a par value of
 Re.l per share .
 
 Each equity Shareholder is eligible for one vote per share . The
 dividend proposed by the Board of Directors is subject to the approval
 of shareholders , except in case of interm dividend .In event of
 liquidation , the equity shareholders are eligible to receive the
 remaining assets of the company , after distribution of all
 preferential amounts ,in proportion of their shareholding.
 
 ACCOUNTING POLICIES & NOTES FORMING PART OF THE ACCOUNTS:
 
 The Audited accounts are prepared on the basis of material available
 with the Company . The Company has filed a complaint with the MIDC
 Police station for missing/stolen of all the statutory records and
 books of accounts from the registered office of the company.
 
 1.  None of the raw materials, stores, spares and components consumed
 or purchased during the year have been imported.
 
 2.  None of the expenditure has been incurred in foreign currency.
 
 3.  None of the earnings are in foreign currency
 
 4.  Balance of Debtors, Creditors, Depositors, Loans and Advances are
 subject to confirmation.
 
 5.  In the opinion of the Board, the Current Assets, Loans & Advances
 are approximately of the value stated if realized in the ordinary
 course of business. The provision for depreciation and all known
 liabilities are adequate and not in excess of the amounts reasonably
 necessary.
 
 6.  Investments of the Company have been considered by management to
 be of a long term nature and hence they are long term investments and
 are valued at cost of acquisitions.
 
 SEGMENT REPORT
 
 7.  Segment Accounting Policies are in line with the accounting
 policies of the Company.  
 
 DEFFERED TAX ON INCOME
 
 8.  The differed tax has not been recognized in financial statement,
 as there is no reasonable certainty of future taxable income.
 
 9.  Previous year''s figures have been regrouped, rearranged wherever
 necessary to make them comparable with those of current year.