2. Earnings in foreign currency - Nil, Previous year Nil.

3. The figures for the previous year have been regrouped, rearranged, wherever necessary, so as to make them comparable with those for the current year.

4. The Company is engaged in only one segment viz. Investments.

5. Deferred Tax

In accordance with Accounting Standard (AS) - 22 Taxes on Income', deferred tax is recognised in respect of timing difference arising in and capable of reversal in future. As of year end, there are no timing differences arising in the current year and capable of reversal in future and accordingly the balance of Deferred Tax Asset/Liability is NIL.

6. Although the Board of Director have convened Extra Orinary General Meeting for considering voluantary winding- up of the company, pending the outcome of the meeting, the accounts have been prepared on a going concern basis.