1. CONTIGENT LIABILITY NOT PROVIDED FOR
a. In respect of non fulfillment of export obligations on advances
licenses is unascertainable.
b. Claim from the Toepfer International Asia Pvt. Ltd. Singapore for
Rate difference not acknowledged as debt US$ 6526 and UK Pounds 2290.
c. Property tax (house tax) Rs. 100000/- by Municipal Corporation,
Ludhiana.
2. Balances of certain receivable and payables are subjects to
confirmation and reconciliation, However in the opinion of management,
difference on reconciliation, if any, will not be material.
3. Previous year figures have been regrouped / recasted wherever
necessary.
4. Figures have been rounded of to the neares rupee.
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