| The previous year figures have been regrouped/reclassified whenever
necessary to confirm the current year presentation.
1. Sundry Creditors, Sundry Debtors, Loans & Advances have been taken
at their book value subject to confirmation and reconciliation.
2. Loans and Advances are considered good in respect of which company
does not hold any security other than the personal guarantee of person.
3. Additional information pursuant to the provisions of Paragraph 3,
4C and 4 D of schedule VI of the companies Act, 1956
4. Earnings per Shares (EPS)
As per Accounting Standard 20 "Earnings Per Share", the disclosures as
defined in the Accounting Standard are given as below:
5. The SSI status of the creditors for goods is not known to the
company hence the information is not given.
6. Previous year figures have been regrouped or rearrange whenever
necessary.
7. Provision is recognized in the accounts when there is a present
obligation as a result of past event(s) and it is probable that an
outflow of resources will be required to settle the obligation and a
reliable estimate can be made. Provisions are not discounted to their
present value and are determined based on the best estimate required to
settle the obligation at the reporting date. These estimates are
reviewed at each reporting date and adjusted to reflect the current
best estimates.
8. Contingent liabilities are disclosed unless the possibility of
outflow of resources is remote. Contingent assets are neither
recognized nor disclosed in the financial statement.
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