1. Contingent Liabilities
- Claims against the Company disputed and not acknowledged as debts -
NIL
- The contingent liability which might arise from pending assessments
under various statutes. In view of the management the effect of same
is not ascertainable.
2. Foreign Exchange Transactions
It is explained to us that No Foreign Exchange Transaction has been
carried out during the year.
3. Relating to Current Assets, Current Liabilities, Loans and
Advances
In the opinion of the management the balances of current assets,
current liabilities, loans and advances have a realizable value in the
ordinary course of business at least equal to the value at which they
are stated in the balance sheet. The balance standing the said accounts
are subject to confirmation and reconciliations.
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