NOTES ON ACCOUNTS

1 In the opinion of the board of directors of the company, the current Assets, Loans, Advances and Deposits are approximately of the value stated in the accounts, if realized, in ordinary course of business, unless otherwise stated.

2 The Provisions for all known liabilities are adequate and not in excess of the amount reasonable necessary.

3 Figures of the previous year have been regrouped/reclassified wherever necessary.

4 No Provisions has been made for accruing liability up to 31-03-2016 for Gratuity to employees. Gratuity payable will be accounted as and when payment are made.

5 Depreciation is provided in books of accounts on all fixed assets on straight line basis.

6 There is no impairment loss on fixed assets on the basis of review carried out by the management in accordance with Accounting standard 28 issued by the Institute of Chartered Accountants of India.

7 Parties Balance are subject to confirmation.

8 Differed Tax expenses of 35,04.061 of the current year has been reduce from reserve and surplus and to that extent net profit after tax is shown higher by that amount.