| 1. Contingent liabilities not provided for in respect of:
(A) Estimated amount of contracts remaining to be executed on capital
account
(B) Letter of credit to Bank
2. The balances of sundry creditors and loans & advances are subjected
to confirmation.
3. In the opinion of the Board, Stock in trade & loans and advances
forming part of current assets are approximate of the value stated, if
realized, in the ordinary course of business.
4. Sales includes excise duty but are net of sales returns, discount
and rebate.
5. The company has not received any information from any of the
suppliers of their being a small scale industrial unit. Hence the
amount due to small scale unit as on 31.03.201 1 are not ascertainable.
6 SEGMENT REPORTING:
Since company operates in a single segment, accounting statement (as)
17- " segment reporting issued by the institute of chartered
accountant is not applicable.
7. Auditor's remuneration fixed at 5,000 (2011) & 5,000 (2010)
8. Income tax assessments have been completed up to A.Y
9. Additional information pursuant to provision of Para 3, 4c & 4d of
part ii of schedule vi of the companies act 1956.
Not applicable since the company has not been in operation
10. Quantitative & Value of trading Goods.
Not applicable since the company has not been in operation
11. Previous year figure have been regrouped/rearranged wherever
considered necessary
12. Some of the Debit / Credit balances are subject to reconciliation/
confirmation in certain cases. However in the opinion of the Board of
Directors all assets including Sundry Debtors, Loans and Advances and
Deposits would be in ordinary course of business, realized at least
value stated in the Balance sheet.
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