1. Preliminary expenses including Rights Issue-Expenses will be
amortised over a period of ten years.
2. Some of the balances of unsecured Loans, Loans and advances &
Creditors are subject to confirmation from parties.
3. National Horticultural Board has sanctioned Soft Loan of Rs. 61,19,000/- against Guarantee given by Bank
of Baroda and personal
guarantee given by Shri.D.R. Bhandari, Managing Director and Smt. Lata
D. Bhandari, Director of the Company.
4. Export sales during the year is Rs. 43,886/-
5. No T.D.S has been deducted in respect of some of the interest
payment during the year.
6. No Provision for Taxation is made in view of Non-Taxable Income.
7. Pre-operative expenses in respect of ongoing projects upto 31st March, 1996 which are included under the
head of Capital Work in Progress.
8. In the opinion of the Board of Directors, the current assets, loans and advances have value on
realisation in the ordinary course of business, at least equal to the amount at which they are stated in the
9. Previous year figure has been regrouped and rearranged wherever
necessary to make them comparable with current year's figure.