Yogi-Sung-Won (India)

1.  Previous years Figures:
 
 The Previous years figures have been recast / restated, wherever
 necessary to confirm to current period classification.
 
 2.  Share Capital:
 
 The Company has at present, only one class of shares i.e. Equity
 Shares.
 
 3.  Fixed Assets:
 
 The company does not have any Fixed Assets.
 
 4.  Loans and Advances:
 
 Advances recoverable in cash, kind, or value to be received are
 primarily towards prepayments for value to be received. Advance income
 tax represents payments made towards tax deducted at source and funds
 due.
 
 5.  Treatment of Contingent Liabilities:
 
 Contingent Liabilities are disclosed by way of note to the Balance
 Sheet, Provision is made in accounts for those liabilities which are
 likely to materialize after the period end and having effect on the
 position stated in the Balance Sheet as at the period end.
 
 6.  Foreign Exchange : NIL
 
 7.  Expenditure on employees in respect of salary not less then Rs.
 6,00,000/- per year or Rs. 50,000/- per month when employed for the
 part of the year Rs. NIL.
 
 8.  Contingent liabilities which can be reasonably ascertained are
 provided for, if in the opinion of the company the future outcome may
 be detrimental to the company.
 
 9.  The Provisions of Gratuity, as explained to us, will be provided in
 respect of Employees as and when they become eligible under the payment
 of Gratuity Act, 1972.
 
 10.  The Balance of Sundry Debtors, Advances and Current Liabilities
 are subject to confirmation from parties.
 
 11.  In the Opinion of the Board, the Current Assets, Loans and
 Advances have a value on realization in the ordinary course of business
 at least equal to the amount at which they are stated in the financial
 statement.
 
 12.  No revaluation of fixed assets has been made since the date of
 incorporation of the Company.
 
 13.  There were no manufacturing activities of the Company during the
 period 2007-2008.
 
 14.  In the opinion of the Management, the Provident Fund and ESI Acts
 are not yet applicable to the Company.
 
 15.  No Provisions has been made in respect of Gratuity, leave
 encashment and leave travel allowances.
 
 16.  Closing Stock of Equity Shares as on 31st March, 2008 are being
 valued at cost or market value, which ever is lower.
 
 17.  Segment Reporting:
 
 The Segment wise details as per Accounting Standard 17 are not
 applicable as there are no separate segments.
 
 18.  Fixed Assets
 
 The company does not have any fixed assets.
 
 19.  Inventories.
 
 Inventories are valued at the lower of cost and net realizable value.
 Cost is determined on a first in first out basis and includes all
 applicable overheads in bringing the inventories to their present
 location and condition. Excise Duty arising on finished goods and
 Customs Duty on imported raw materials in stock (excluding stocks in
 the bonded warehouse) is treated as part of the cost of inventories
 
 20.  Borrowing Costs.
 
 Borrowing costs that are attributable to the acquisition and
 construction of qualifying assets are capitalized as a part of the cost
 of the assets.
 
 Other borrowing costs are recognized as an expense in the year in which
 they are incurred.
 
 21.  Deferred Tax
 
 Pursuant to the Accounting Standard (AS-22) on Accounting for Taxes on
 Income issued by the Institute of Chartered Accountants of India
 having been made mandatory, the Company has valued the various elements
 of tax computation to determine whether any deferred tax asset or
 liability needs to be recognized. In our opinion there are no deferred
 tax assets or liability.