Notes to Accounts of ISC Udyog Ltd.

Mar 31, 2010

A) In the opinion of the Board, Value of all Current Assets, Loans and advances and other receivable is not less than their realizable value in ordinary course of business.

B) i. Employees who are employed through out the year and received an aggregate remuneration of not less than Rs. 24.00 lacs P.A. Nil

ii. Employees who were employed for part of the year and received remuneration of less than Rs. 200000/- P.M. - Nil.

C) Contingent liabilities have not been ascertained by the company.

D) Balances of parties either in debit or credit have not been confirmed.

E) Previous year figures have been regrouped/rearranged during the year where ever necessary.

F) Deferred Tax: It's not applicable because there is no fixed assets.