| 1 The balances appearing under unsecured loans, sundry creditors,
loan s and advances, and certain banks are subject to confirmation and
reconciliation and consequential adjustment, if any, will be accounted
for in the year of confirmation and/or reconciliations
2 In the opinion of the Board, assets other than fixed assets do
have a value on realization in the ordinary course of business at least
equal to the amount at which they are stated.
3 Since the Company recognizes gratuity and leave salary expense on
payment basis no liability for the same has been ascertained and
provided in the accounts. Hence, the company has not complied with the
provisions of AS-15 "Accounting for Retire ment Benefit
4 The Company is engaged in the realty business of property
development and this is the only reportable business segment as per the
company
5 There are no related party's transactions during the year
requiring disclosure under-AS-18 of the Accounting Standards Issued by
the Institute of Chartered Accountants of India.
6 The management was of the opinion that there were no impairment
indicators that existed as on the balance sheet date. Hence no
provision for the impairment loss has been done.
7 In terms of section 22 of the Micro, Small and Medium Enterprises
Development Act, 2006, the outstanding of these enterprises are
required to be disclosed. However, in absence of the information about
the registration of the Enterprises under the above Act, the required
information could not be furnished.
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