(xi) Provisions

A provision is recognized when the Company has a present obligation as a result of
past event, it is probable that an outflow of resources embodying economic benefits
will be required to settle the obligation and a reliable estimate can be made of the
amount of the obligation. 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.

(xii) Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose
existence will be confirmed by the occurrence or non-occurrence of one or more
uncertain future events beyond the control of the Company or a present obligation that
is not recognized because it is not probable that an outflow of resources will be
required to settle the obligation. A contingent liability also arises in extremely rare
cases where there is a liability that cannot be recognized because it cannot be
measured reliably.

(xiii) Cash & Cash Equivalents

Cash and cash equivalents comprise cash and cash on deposit with banks. The
Company considers all highly liquid investments with a remaining maturity at the date
of purchase of three months or less and that are readily convertible to known amounts
of cash to be cash equivalents.

(xiv) Comparatives

Comparatives financial information (i.e. the amounts and other disclosures for the
preceding year presented above), is included as an integral part of the current year's
financial statements, and is to be read in relation to the amounts and other disclosures
relating to the current year. Figures of the previous year have been regrouped /
reclassified wherever necessary to correspond to figures of the current year.

For N.K. Kejriwal & Co.

Chartered Accountants
FRN 04326C

Sd/-

CA Naresh Kumar Kejriwal

Partner

M. NO. 073381

UDIN: 25073381BMJMFW7745