Mar 31, 2010
01. In the opinion of the Board.
a) All the current assets, loans and advances have value at which they
are stated in the balance sheet if realized in the ordinary course of
business.
02. The Company has been legally advised that deposits accepted or
otherwise taken from Direc- tors and/or share holders, provisions of
section 58-A of the Companies Act, 1956 does not apply to such loans or
deposits.
03. The balances of creditors, loans and other balances are as per
books of accounts.
Current Year Previous Year
04. Expenditure in Foreign Currency NIL NIL
05. Earning in Foreign Currency NIL NIL
06. There are no employees covered under section 217(2A), hence the
parties of such employees has not been attached, heret
07. Provision for tax has not been made during the year as the loss as
per books and as per Income Tax provisions as well.
08. Previous years figures have been regrouped / reclassified /
rearranged wherever considered necessary to conform with current years
figures.
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