| 1. As per the past practice the company has not provided depreciation
on Fixed Assets (other than office computers and Furniture & Fixture -)
and no manufacturing activities as the same are lying unused for
several years. As the company is in the process of disposing off those
assets, the same has not been written off during the current year. The
Loss/Profit, if any on the disposal of the same will be recognized in
the next year.
2. As regards advances for capital goods aggregating Rs.
12,08,87,600/- the company initiated process of recovery. As the
company is hopeful of recovery in the coming years, no
Provision/Write-off in considered necessary.
3. During the year company has not sold any Finished Goods and same
are laying in Inventories.
4. The company is engaged in trading activity and there is no activity
during the year. Since reportable segments as defined in AS 17 on
Segmental Reporting.
5. In respect of preference shares no provision for proposed dividend
is considered necessary.
6. In the opinion of the management the provisions of payment of
Gratuity Act, Provident Funds Act and other similar acts are not
applicable and hence no provisions are considered necessary in this
regard.
Previous year's figures have been regrouped and rearranged, wherever
considered necessary.
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