1.  Micro, Small and Medium Enterprises Development Act, 2006:
 
 Under the Micro, Small and Medium Enterprises Development Act, 2006,
 read with Notification no. 9/7/2006-CDN dt 17.05.2007, certain
 disclosures are required to be made relating to Micro, Small and Medium
 Enterprises. The Company is in the process of compiling relevant
 information in this regard. Since the relevant information is not
 available, no disclosures have been made in the accounts. However, in
 the view of the Management, the impact of interest, if any, that may be
 payable in accordance with the provisions of this Act is not expected
 to be material.
 
 2.  The Company has not exported any goods during the year nor earned
 any foreign income during the year.
 
 3.  Related party Disclosures:
 
 a Holding companies         :  Nil
 
 b.  Subsidiary companies    :  Nil
 
 c.  Associate companies     :  J.B. Advani & Company Private
                                Limited (JBA)
 
                                Ador Welding Limited ( AWL )
 
 d.  Key management personnel:  Mr. Deep A. Lalvani
 
 4. Leases:
 
 The Company has entered into cancelable operating lease with an option
 to renew in respect of certain official premises. The expenditure
 incurred thereon is charged to Profit and loss account amounting to Rs.
 4,80,000/- (Previous year Rs. 4,83,070/-)
 
 5. Disclosure as per AS 15 - Revised
 
 Defined Benefit Plans -
 
 a. Gratuity is applicable to all permanent and full time employees of
 the Company. Gratuity paid out is based on the last drawn basic salary
 and dearness allowance at the time of termination or retirement. The
 Company recognizes actuarial gains and losses as and when the same
 arise. Based on actuarial valuation, the charge in respect of the same
 is taken to the Profit and loss account.
 
 b.  Contribution to Super Annuation Fund it is a defined contribution
 scheme and hence no further liability arise to the Company on this
 account.
 
 c.  Defined benefits obligations of compensated absence (unfunded)
 amount to Rs. 3,62,701/- as at March 31, 2011.
 
 6. Contingent liabilities:                           (Rs. In lakhs)
 
                                  As at 31.03.2011   As at 31.03.2010
 
 a.  Counter guarantees to banks 
 for guarantees given by the
 Banks on behalf of the Company               0.95               0.95
 
 b.  Uncalled liability on partly 
 paid up shares                               0.01               0.01
 
 c.  Capital commitment                       0.00               9.00
 
 7.  a.  Loans and advances includes Rs. 8,82,635/- (Pr. Year Rs.
 14,99,855) due from certain ex-employees of the Company
 on whom legal action has been initiated, which, in the opinion of
 management, are fully recoverable.
 
 b.  Sundry debtors includes Rs. 10,31,165/- representing dues from
 certain parties on whom legal action has been initiated, which in the
 opinion of the management are fully recoverable.
 
 8.  Previous years figures are re-grouped / re-classified, wherever
 necessary to confirm to the current years classification.  Figures in
 brackets, shown in the account indicate negatives values.