| 1. Provisions and Contingent Liabilities
The Company recognizes a provision when there is a present obligation
as a result of an obligating event that probably requires an outflow of
resources and a reliable estimate can be made of the amount of the
obligation. A disclosure of a contingent liability is made when there
is a possible obligation or a present obligation that may, but probably
will not, require an outflow of resources. Where there is a possible
obligation or a present obligation that the likelihood of outflow of
resources is remote, no provision or disclosure is made.
Provisions for onerous contracts i.e contracts where the expected
unavoidable costs of meeting the obligations under the contract exceed
the economic benefts expected to be received under it, are recognized
when it it probable that an outfow of resources embodying economic
benefts will be required to settle a present obligation as a result of
an obligating event, based on a reliable estimate of such obligation.
2. Quantitative Details:
The Company is in the business of execution of infrastructure projects,
hence quantitative details are not maintained in respect of Finished
Goods, Work in Progress and Stores as required to be reported under
paragraphs 3 and 4 C of Part II of Schedule VI of the Companies Act,
1956.
3. Sundry Creditors, Sundry Debtors, Loans and Advances are subject
to confrmation or reconciliation.
4. Figures have been rounded off to the nearest rupee.
5. Sundry creditors include Rs. Nil due to suppliers covered under
the "Small, Micro and Medium Enterprises Development Act, 2006". The
Company has not received any claim for interest from any supplier under
the said Act. This is based on the information available with the
Company.
6. Previous Year fgures have been regrouped or reclassifed, wherever
necessary.
7. Balance Sheet abstract and Company's general business profle are
attached separately.
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