Transpower Engineering

 1) Sundry debtors and creditors are subjects to confirmation. 
  
 2) The Company's financial year for the compliance with the provisions
 of the Company's Act 1956 ends on 31st December, for tax purpose which
 ends of March 31st.  The Company has not provided for taxation for the
 Assessment Year 1999-2000 as the company has made loss during the year.
 
 3) In the opinion of the Board the Current Assets, Loans and Advances
 have a value on realisation In the ordinary course of business at least
 equal to the amount at which they are stated in the accounts except
 Sundry Debtoes and Loans and Advances amounting to Rs. 728.83 Lacs
 against which a provision of Rs. 728.83 lacs has been made.  (inclusive
 of Rs. 45.69 provision made during the year 1996-97 and provision of
 Rs. 343.82 lacs made during the year 1997-98 & Rs. 339.33 made during
 the year 1998-99).
 
 4) The Company has capitalised expenses to the extent of Rs.
 1,95,37,562/- for Nagpur Project during the year, which includes
 interest payable to IDBI and administrative expenses.
 
 5) The delivery of 5000 equity shares and 5000 debenture of Lloyds
 Finance Limited are held up by the party as the company owes Rs.
 18,92,272/- to them towards Hire Purchase and Lease charges.