| Contingent Liabilities are disclosed when the Company has a possible
obligation or a present obligation and it is probable that a cash
outflow will not be required to settle the obligation.
Note: 1. In the opinion of the management the current assets, loans and advances have a value on realization in ordinary course of business at
least equal to the amounts at which they are stated in the Balance
Sheet. Provisions have been made for all known liabilities, losses and
claims.
Note: 2. Deferred Tax:
The deferred tax assets /liability has not been recognized as there is
no reasonable certainty of sufficient taxable income being available
against which such deferred tax assets/ liability can be realized..
Note: 3. Related Party Disclosures (as identified and certified by the
management): Related party disclosures as required under Accounting
Standard (AS-18) on "Related Party Disclosure" issued by the Institute
of Chartered Accountants of India are given below:
No Related Party transaction was carried out during the year.
Note: 3. The Company deals only in one segment hence As 17 Segment
Reporting issued by the ICAI is not applicable.
Note: 4. Earnings per Share
Note: 5. No provision for gratuity is made in absence of any liability
as per the provision of Gratuity Act 1972.
Note: 6. Previous year figures have been regrouped and/ or rearranged
wherever considered necessary and includes Figures in brackets relate to previous year.
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