| 1) The previous year's figures have been rewo rked, regroup ed,
rearranged and reclassified wherever necessary.
2) Below are the name of the shareholders hol ding more th an 5% of
Shares of the company
3) All the investments made by the company a re valued at Cost .
4) Managerial Remuneration: Nil
5) Company does not have any inventory.
6) Deffered tax arising on account of timing differeance and which are
capable of reversal in one or m ore subsequent periods is recognised
using the tax rates and tax laws that have been enacted or
substantively enacted. Deffered tax assests are recognised unless there
is virtual certainty with respect to the reversal of the same in future
years.
7) All schedules annexed to and form integral part of the Balance Sheet
and Profit & Loss Account.
8) Minimum Alternative Tax (MAT) is recognised as an asset only when
and to th e extent there is convicing evidence that the company will
pay normal income tax during the specefied period. The Company reviews
the same at each balance sheet date and writes down the carrying amount
of MAT Credit Entilement to the extent there is no longer convicing
evidence to the effect that company will pay normal Income Tax during
the specified period.
9) Value of Import on CIF Basis Nil
10) Earnings in Foreign Exchange (FOB Value) Nil
11) Expenditure in Foreign Currency Nil
12) No Relative Party Transactions has made du ring the year except
Managerial Remu neration paid to Key Managerial Remuneration as
disclosed
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