1. Contingent liability as may arise due to delayed/Non compliance of
various fiscal statues...amount unascertainable.
2. Receipt of share application money in excess of authorised capital
is pending regularisation and procedural compliance.
3. The figures of previous year have been re-grouped/re-arranged
whenever necessary to confirm to those of the current year.
4. In the opinion of the board, the current assets including sundry
Debtors, Loans and advances are expected to realise approximately of
the value stated, if realised, in ordinary course of business,
provisions for all known liabilities including depreciation has been
adequately made.
5. Balance appearing in some parties account under the head Sundry
Debtors, Creditors, Loans & Advances are subject to confirmation and
reconciliation, therefore consequential adjustment thereof, if any,
remains pending in the accounts.
6. Balance lying with Banks are subject to confirmation and
reconciliation, therefore consequential adjustment thereof, if any,
remains pending in the accounts.
7. The company's financial year for the purpose of compliance with the
provisions of the companies Act, 1956 ends oh 31st July, as against the
previous year for tax purpose, which ends on 31st March. The Company
does not expect any taxable income relevant to the previous year ended
on 31st March, 2003 and therefore, no provision for tax is considered
necessary for the said year.
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