| 1) Letter of confirmation of balances to parties have not been issued
and hence the balance (Debit & Credit) are subject to adjustments, if
any, on reconciliation. Settlements of respective account.
2) In the opinion of the Board and to the best of knowledge and belief
the value of realisation of current Assets, Loans Advances will, in the
ordinary Course of business, not be less than the amount of which they
are stated in
3) There are cases pending with DRT as well as in courts in respect of
claims/ counter-claim of the company against Punjab National Bank as
well as by the said bank against the company. The outcome of the same
cannot be assessed at present. Therefore, the status of the same has
not been accounted for during the period under audit.
4) Stock in trade as cost net realizable value, whichever is lower, as
taken valued Companies Act, 1956 and certified by Managing Director.
5) The figures of previous year have been recast and regrouped
whenever considered necessary.
6) As the various assets of the company has been attached by the bank
and or DRT. no manufacturing activity was carried out during the year.
7) Additional information pursuant to the provision of Para 3 & 4 in
part II, schedule VI to the companies act, 1956.
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