| 1. CONTINGENT LIABILITY NOT PROVIDED FOR IN RESPECT OF THE FOLLOWING
30.9.99 30.9.1998
(1) GUARANTEES GIVEN BY COMPANY TO
(11) ELECTRICITY BOARD 13 12
(111) CENTRAL EXCISE 5
2. GRATUITY IS BEING ACCOUNTED ON CASH BASIS & WILL BE CHARGED TO
PROFIT & LOSS ACCOUNT AS WHEN LIABILITY ARISES
3. PRELIMINARY AND PRE-OPERATIVE EXPENSES AMORTIZED AT THE RATE OF TEN
PERCENT EACH YEAR.
4. AS REPORTED IN LAST YEAR THE COMPANY HAVE OPTED FOR AND PAID IN
KARVIVAD SCHEME INTRODUCED BY THE GOVT. AND OLD DISPUTE IN RESPECT TO
INCOME TAX AND EXCISE HAVE BEEN SETTLED.
5. PREVIOUS YEARS FIGURES HAVE BEEN REGROUPED / CLASSIFIED WHEREVER
NECESSARY.
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