A.  CORPORATE INFORMATION
 
 Vandana Knitwear Limited (Formerly known as Trendy Knitwear Limited) is
 a public limited company domiciled in India incorporated under the
 provisions of the Companies Act, 1956. Its shares are listed on Bombay
 Stock Exchanges in India.  The company is engaged in Textile Garment &
 Fabrics. The company caters to domestic markets.
 
 1 . The balances of sundry debtors & sundry creditors are subject to
 confirmation.
 
 2.  In the opinion of Board of Directors, the Current Assets, Loans and
 advances have value on realization in ordinary course of business at
 least equal to the amount at which they are stated.
 
 3.  There are no amounts payable to any small scale industrial
 undertaking as identified by the management from the information
 available with the company and relied upon by the Auditors.
 
 4.  Figures of the previous year have been regrouped, recast and
 rearranged wherever necessary to make them comparable with those of
 current year.