| (i) Accounting for taxes on income:
Deferred Tax Assets are not recognized in respect of unabsorbed
depreciation and carry forward of losses under tax laws as there is no
convincing evidence to support that the sufficient future taxable
income will be available against which such deferred tax assets can be
realized.
(ii) Balances of Trade receivables and Trade payables are subject to
confirmation.
(iii) The company is in the process of obtaining the information of the
registration status of suppliers as required under the Micro, Small and
Medium Enterprises Development Act, 2006. Hence the information
required under the said Act could not be compiled and disclosed.
(iv) Company has surrendered certificate of registration as Non Banking
Financial Company to Reserve Bank of India on 15.12.2000. During the
year no new business of NBFC's carried by company.
(v) Previous year figures have been regrouped and rearranged wherever
found necessary.
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