CONTINGENT LIABILITIES
 
 1.  Contingent liabilities: Nil
 
 OTHERS
 
 2.  None of the raw materials, stores, spares and components consumed
 or purchased during the year have been imported.
 
 3.  None of the expenditure has been incurred in foreign currency.
 
 4.  None of the earnings are in foreign currency
 
 5.  Balance of Debtors, Creditors, Depositors, Loans and Advances are
 subject to confirmation.
 
 6.  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.
 
 7.  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
 
 8.  Segment Accounting Policies are in line with the accounting
 policies of the Company.
 
 DEFFERED TAX ON INCOME
 
 9.  The differed tax has not been recognized in financial statement,
 as there is no reasonable certainty of future taxable income.
 
 RELATED PARTY TRANSACTIONS
 
 10.  Following Transactions are effected with related parties during
 the financial year under review.
 
 11.  Previous year''s figures have been regrouped, rearranged wherever
 necessary to make them comparable with those of current year.