1. Fixed assets are stated at cost & no depreciation has been charged
during the year as production is yet to begin.
2. In the opinion of the Board of Directors:
i. There is no contingent liability against the company.
ii. Current assets, Loans & Advances including interest thereon have
the value at which they are stated in the Balance sheet if realized in
the ordinary course of business.
3. As the Company has not commenced commercial production, no profit and
loss account for the year has been prepared. However breakup of
expenditure during Construction has been disclosed in Schedule "H" in
accordance with part II of the Schedule VI of the Companies Act, 1956.
4. Previous years figures have been regrouped, recast, wherever
necessary to confirm to current year classification.
5. The figures are rounded off to the nearest rupee.
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