| 1.1 In the opinion of the Directors
1 Current Assets, Loans and Advances have at least the values at which
they are stated in the Balance Sheet, when realized in the ordinary
course of business.
2 All known liabilities other than contingent liabilities are provided
for.
1.2 Contingent liabilities not provided for
Particulars Year Ended Year Ended
31.03.2014 31.03.2013
Rupees Rupees
Disputed demand under Income Tax Nil 940,660
under Appeal which in the opinion of
the management is not legally
sustainable and hence not provided for
Claims against the Company not acknowledged 500,000 Nil
as Debt
Guarantees issued by the hank on behalf of 4,688,520 47,96,7944
the Company
1.3 Estimated amount of contracts remaining to be executed on capital
account - Nil (Rs. 3.00 Lakh).
1.4 Figures have been rounded off to the nearest rupee. Previous year
figures unless otherwise stated arc given within brackets and have been
re-grouped and recast wherever necessary to be ire conformity with
current year's layout.
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