Mar 31, 2011
1. Depreciation is charged on fixed assets as per The Companies Act, 1956.
2. In the opinion of the Board of directors, current assets, loans and advances have value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. The provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.
3. Balance of sundry debtors, sundry creditors, loans and advances are subject to confirmation.
4. Previous years figures are regrouped or rearranged wherever necessary to make them comparable with the current year's figures.
Mar 31, 2010