1. In the opinion of the management the current assets, loans and
 advances have a value on realization in ordinary course of business at
 least equal to the amounts at which they are stated in the Balance
 Sheet. Provisions have been made for all known liabilities, losses and
 claims.
 
 2.  The deferred tax assets /liability has not been recognized as there
 is no reasonable certainty of sufficient taxable income being available
 against which such deferred tax assets/ liability can be realized..
 
 3.  Related Party Disclosures (as identified and certified by the
 management)
 
 Related party disclosures as required under Accounting Standard ( AS-18
 ) on  Related Party Disclosure issued by the Institute of Chartered
 Accountants of India are given below:
 
 No Related Party transaction was carried out during the year.
 
 4.  The Company deals only in one segment hence As 17 Segment Reporting
 issued by the ICAI is not applicable.
 
 5.  No provision for gratuity is made in absence of any liability as
 per the provision of Gratuity Act 1972.
 
 6.  The company has made investment of Rs. 12,03,94,000/- in other
 corporate and given Loans & advances of Rs.24,62,44,858/- to other
 companies.
 
 7.  Previous year figures have been regrouped and/ or rearranged
 wherever considered necessary and includes Figures in brackets relate
 to previous year.