1.  The books of accounts for all branches are being maintained at
 companys office at Kolkata on the basis of data, statements, vouchers
 etc. received from accounting centers, which have been checked by
 internal auditors there at.
 
 2.  The Company has no dues to entities falling under the provisions of
 Micro, Small & Medium Enterprises Development Act, 2006.
 
 3.  Capital Commitments
 
 Estimated amount is not ascertainable for contracts remaining to be
 executed on capital account against which advance of Rs.
 1,43,99,398/-(P.Y.Rs. 78,74,515/-) has been made.
 
 4.  Contingent Liabilities not provided for        (Rs. in Lacs)
 
 Particulars                        31st March, 2010     31st March, 2009
 
 Guarantees and Counter guarantees 
 
 given by the Company                   655.01                574.97
 
 Income tax liability in respect 
 
 of which the Company has preferred
 
 appeals/representations before 
 
 appropriate authorities. Based on
 
 judicial precedence Companys 
 
 claim is likely to succeed.
 
 Assessment Year 2006-07                  0.59                  0.00
 
 In respect of various court cases filed by/or against the Company,
 amounffe unascertainable,
 
 Note: (i) As the liability for gratuity is provided on an actuarial
 basis and the liability for leave encashment is provided for the
 company as a whole, the amount pertaining to the Chairman and Managing
 Director is not ascertainable and therefore, not included above.
 
 6.  Earnings from transportation and related activities includes Rs.
 37,94,878/- (P.Y. Rs.1,01,41,365/-) being earnings in foreign exchange
 out of which Rs. 4,29,950/- (P.Y. Rs. 3,24,657/-) remained un-realised
 at the year end.
 
 7.  Expenditure on foreign tour undertaken by executives amounted to
 Rs. 17,47,201 (P.Y. Rs. 48,50,345/-) which includes cost of foreign
 currency purchased for Rs. 7,72,784/- (P.Y. Rs. 28,46,105/-) and other
 expenses Rs. 9,74,417/- (P.Y. Rs. 20,04,240/-).  Apart from above the
 company has remitted foreign exchange worth Rs. 18,52,213/- (P.Y Rs
 2,32,098/-) on account of freight by overseas constituents spent on
 companys behalf and/or freight collected by company on their behalf,
 transfer to branch and payment of license subscription fee.
 
 8. (a) Bad debts are ascertained by the management, each year after
 due consideration and written off. During the year Rs.1,58,339/- ( P.Y.
 Rs. 25,58,644/-) has been written off. Although doubtful debts could
 not be specifically quantified, however, as an abundant precaution an
 amount of Rs.62,087/- (P.Y. Rs. 18,35,205/-) has been provided towards
 estimated bad debts.
 
 (b) Balances of Deposits and Advances are subject to confirmation from
 the respective parties.
 
 9.  Segment Reporting
 
 Business segment: As per AS-17 issued by The Institute of Chartered
 Accountant of India the company has two segments namely Freight and
 Service division and Petrol Pump division.
 
 Note.
 
 a) Segment Assets & Liabilities, as well as revenue & expenses are
 directly attributable to the segment.
 
 b) All Unallocated assets & liabilities and revenue & expenses are
 treated separately.
 
 c) There are no separate reportable secondary segments.
 
 d) Accounting policies of the segment are the same as those described
 in summary of significant account policies as set out in Note no. 1 of
 Schedule 15.
 
 10.  Previous year figures have been re-grouped and re-arranged
 wherever necessary and figures in brackets in Balance Sheet, Profit &
 Loss Account and Schedules thereto are for the previous year.