1.  Figures in rupees have been rounded off to the nearest thousands.
 
 2.  Previous period figures are regrouped wherever necessary to confirm
 to this years classification.
 
 3.  Pursuant to the resolution passed by the members of the Company at
 the Extra Ordinary General Meeting held on November 30, 2009 and the
 provisions of Section 81 (I A) and other applicable provisions of the
 Companies Act, 1956 and the Securities and Exchange Board of India
 (Issue of Capital and Disclosure Requirements) Regulations, 2009, the
 Company has issued 5,663,105 Equity Shares of Til- each at a premium
 ofRs. 182.80 per share aggregating to 11,046,542 thousand to Qualified
 Institutional Buyers (QIBs).
 
 4.  Contingent Liabilities not provided for:
 
 i) Counter Guarantees to Banks against guarantees issued by themRs.
 445,136 thousand (RYRs.470,129 thousand).
 
 ii) Continuity Bond executed in favour of The President of India
 through the Commissioner of Customs Rs.3,927,000 thousand (RYRs.3,295,000
 thousand).
 
 iii) Guarantees issued to Bankers in respect of Nepal Intermodal
 Transport Development Board equivalent to Rs.6,702 thousand (RYRs.6,636
 thousand).
 
 iv) Guarantees issued to Bankers and outstanding in respect of Allcargo
 Belgium NY ECU International NV and ECU Hold NV equivalent to Rs.
 1,363,129 thousand, Rs.299,050 thousand and Rs. 170,458 thousand
 respectively (RY Rs.458,160, Rs.332,000 and Rs.Nil respectively).
 
 v) Suits filed against the Company towards operational claims Rs.82,184
 thousand (RY Rs.34,013 thousand).
 
 vi) Income Tax demand for the AY 2003-04 upto AY 2009-10 against which
 the Company has preferred an appeal is Rs.547,859 thousand (RYRs.650,000
 thousand)aftersettingoffthenetAdvanceTaxof Rs. 177,641 thousand(RY
 Rs.52,641 thousands).
 
 5.  The Company has re-assessed the estimated useful life of Cranes
 from January 1, 2010. If the Company had continued with the old
 estimate of useful life of Cranes, the Depreciation and Profit Before
 Tax and Exceptional Items would have been Rs.648,380 thousand and Rs.
 1,202,73 I thousand respectivelyforthe year ended December3 1,2010.
 
 6.  Amounts due to Micro, Small and Medium Enterprises:
 
 i) The names of the Micro, Small and Medium Enterprises suppliers
 defined under The Micro, Small and Medium Enterprises Development Act,
 2006 could not be identified, as the necessary evidence is not in the
 possession of the Company.
 
 ii) The names of the Small Scale Undertakings to whom the Company owes
 a sum exceeding Rs. 100 thousand which is outstanding for more than 30
 days could not be identified, as the necessary information is not in
 the possession of the Company.
 
 7.  In the opinion of the management and to the best of its knowledge
 and belief, the Current Assets and Loans and Advances have a value on
 realisation in the ordinary course of business at least equal to the
 amount at which they are stated in the Balance Sheet.
 
 8.  Segment Reporting
 
 Information about Business Segments (Information provided in respect of
 revenue items for the year ended December 3 1,2010 and in respect of
 assets/liabilities as at December 3 1,2010):
 
 9.  RELATED PARTY DISCLOSURES
 
 List of Related Parties and Relationships
 
 (A) Relationships:
 
 I) Subsidiary Companies:
 
 Contech Transport Services Pvt Ltd
 
 Comptech Solutions Pvt. Ltd.
 
 Allcargo Belgium N.V
 
 Hindustan Cargo Ltd.
 
 ECU Line (India) Pvt. Ltd.
 
 Allcargo Shipping Co. Pvt. Ltd. (Formerly known as AGL Ports Pvt Ltd)
 
 South Asia Terminals Pvt. Ltd.
 
 Southern Terminals & Trading Pvt. Ltd.  (Formerly known as AGL
 Terminals Pvt. Ltd.)
 
 AGL Warehousing Pvt. Ltd.
 
 Allcargo Logistics Park Pvt. Ltd.
 
 Asia Line Ltd.
 
 ECU International (Asia) Pvt. Ltd.
 
 ECU Line Abu Dhabi LLC
 
 ECU Line Algerie
 
 Ecu Logistics S.A.
 
 Ecu-Line Australia Pty.Ltd.
 
 ECUHOLD N.V
 
 Ecu Bro N.V
 
 ECU International N.V
 
 ECU-TECH BVBA
 
 ECU-LINE N.V
 
 ECU-LOGISTICS N.V
 
 ECU-TRANS N.V
 
 D&ETransportN.V
 
 AGL N.V (Formerly known as RMK N.V)
 
 ECU Air N.V
 
 Ecu Global Services N.V (formerly known as IPTS)
 
 ECU Logistics do brasil Ltda
 
 Flamingo Line do Brazil Ltda
 
 Ecu Line Bulgaria EOOD
 
 ECU-Line Canada Inc.
 
 ECU Line Chile S.A.
 
 Container Freight Station S.A.
 
 Flamingo Line Chile S.A.
 
 ECU Line Guangzhou Ltd.
 
 ECU Line De Columbia S.A.
 
 Conecli International S.A.
 
 ECU Line Middleeast LLC
 
 Euro Centre - Dubai
 
 ECU Heavy Lift, VV.L.L.
 
 ECU Line Del Ecuador S.A.
 
 Flamingo Line Ecuador
 
 ECU Line Egypt Ltd.
 
 Flamingo Line El Salvador S.A. de C.V
 
 ECU-Line (Germany) GmbH
 
 ELWA(GH)Ltd.
 
 ECU Line Guatemala
 
 ECU-Line Hong Kong Ltd.
 
 ECU International Far East Ltd.
 
 ECU Line Italia srl
 
 ECU Line Italy TRC srl
 
 ECU Line Cote dlvoire Sari
 
 ECU Line Japan Ltd.
 
 ECU Line Jordan
 
 ECU Line Kenya Ltd.
 
 Ecu Shipping Logistic (K) Ltd.
 
 ECU Line Malaysia ECU-Line (JB) SDN BHD
 
 ECU-Line Malta Ltd.
 
 ECU-Line (Indian Ocean Islands) Ltd.
 
 AMI Ventures Ltd.
 
 ECU Line Meditterranean Ltd.
 
 CELM Logistics S.A. De C.V
 
 Ecu Logistics de Mexico S.A. de C.V
 
 ECU Line Maroc S.A.
 
 ECU LINE Rotterdam
 
 ECU Line New Zealand Ltd.
 
 ECU-Line de Panama S.A.
 
 ECU-Line Paraguay S.A.
 
 ECU-Line Peru S.A.
 
 Fiamingo Line Peru S.A.
 
 ECU Line Philippines Inc.
 
 ECU-Line Polska Sp. z.o.o. UL
 
 ECU Line Doha W.L.L.
 
 ECU-Line Romania SRL
 
 Rotterdam Freight Station BV
 
 ECU Line Singapore Pte. Ltd.
 
 ECU LINE SA(Pty) Ltd.
 
 ECU Line Spain S.L.Barcelona
 
 Mediterranean Cargo Centers S.L. (MCC)
 
 ECU Line (Thailand) Co. Ltd.
 
 ECU Line Tunisie sari
 
 ECU Line Turkey
 
 ECU-Line UK Ltd.
 
 ECU-Line Uruguay (Deolix SA)
 
 DLC
 
 ELV Multimodal C.A.
 
 Venezuela - AHL
 
 Consolidadora Ecu Line CA
 
 Ecu Line Vietnam
 
 ECU Line Zimbabwe (Pty.) Ltd.
 
 Ecu Line China Ltd
 
 Ecu Line Switzerland GmBH
 
 Ecurocentre Milan SRL
 
 Guldary S.A.
 
 Ecu line Lanka Pvt. Ltd.
 
 S.H.E Maritime services Ltd.
 
 CCC Ltd.
 
 Star Express Company Ltd.
 
 CCSS Ltd.
 
 SSCC Ltd.
 
 PT Eka Consol Utama Line
 
 Ecu Line Czeche s.r.o
 
 Ecu Line Hungary Kft
 
 Translogistik International Spedition GMBH
 
 2) Joint Venture Companies:
 
 Transworld Logistics & Shipping Services Inc.
 Sealand Warehousing Pvt. Ltd.
 
 3) Associate Company :
 
 Transnepal Freight Services Pvt. Ltd.
 
 4) Key Management Personnel :
 
 1) Mr. Shashi Kiran Shetty
 
 2) Mrs. Arathi Shetty
 
 3)  Mr. Adarsh Hegde
 
 5) Relatives of Key Management Personnel:
 
 1) Mr. Umesh Shetty
 
 2)  Mrs. Shobha Shetty
 
 6) Enterprises owned or significantly influenced by its key management
 personnel or their relatives :
 
 Allcargo Shipping Services (P) Ltd.
 
 Avadh Marketing (P) Ltd.
 
 N.R.Holdings(P)Ltd.
 
 Transindia Freight (P) Ltd.
 
 Allcargo Movers (Bombay) (P) Ltd.
 
 Allnet Infotech (P) Ltd.
 
 Prominent Estate Holdings (P) Ltd.
 
 Transindia Freight Services (P) Ltd.
 
 Jupiter Machines (P) Ltd.
 
 Sealand Cranes (P) Ltd.
 
 Contech Estate (P) Ltd.
 
 Alltrans Logistics Pvt. Ltd.
 
 Alltrans Port Management Pvt. Ltd.
 
 Logical Hotels Pvt. Ltd.
 
 Indport Maritime Agencies Pvt. Ltd.
 
 SKS Netgate Pvt. Ltd.
 
 Avash Builders Pvt. Ltd.
 
 Energy Health Spas Pvt. Ltd.
 
 SKS Realty Pvt. Ltd.
 
 India Tourist And Heritage Village Pvt. Ltd.
 
 SKS Ventures Pvt. Ltd.
 
 Talentos (India) Pvt. Ltd.
 
 Talentos Entertainment Pvt. Ltd.
 
 Sealand Holdings Pvt. Ltd.
 
 Avash Builders And Infrastructure Pvt. Ltd.
 
 Avash Logistic Park Pvt. Ltd.
 
 Sealand Ports Pvt. Ltd.
 
 Gujarat Integrated Maritime Complex Pvt. Ltd.
 
 10.  As the Company is not engaged in manufacturing, trading or
 processing activities, Quantitative information required by paras - 3
 and 4c of part II of Schedule VI of the Companies Act, 1956 is not
 given.
 
 11.  Value of Imports calculated on QF basis in respect of Capital
 Goods is Rs.2,539,252 thousand (RY Rs.596,282 thousand)
 
 12.  Disclosure for lease
 
 Companys lease agreements are mainly in respect of operating leases
 taken for offices, residential premises, warehouse, commercial vehicles
 and equipment. The lease agreements are for a period ranging from
 eleven months to nine years. The lease agreements are cancellable at
 the option of either party by giving one month to six months notice.
 The Company has given refundable interest free security deposits for
 certain agreements. Certain agreements provide for increase in Lease
 rent. Some of the agreements provide for renewal of lease by mutual
 consent. Lease payments recognised in the Profit and Loss Account are
 Rs.56,939 thousand (RY. Rs.49,953 thousand). The Company has leased out
 Cranes & Equipments and office premises. The Lease rental income
 recognised in the Profit and Loss Account is Rs. 852,905 thousand (RY
 Rs.536,467 thousand). The gross value of the Assets Leased out is
 Rs.4,I4I,I49 thousand (RY Rs.2,006,726 thousand). Accummulated Depreciation
 of the Asset Leased out is Rs.694,342 thousand (RY Rs.502,849 thousand).
 The depreciation recognised in the statement of Profit and Loss Account
 for the Assets Leased out during the year is Rs.240,185 thousand (RY
 Rs.239,883 thousand).
 
 13.  EmployeesStock Options Plan
 
 In 2006, the Company had instituted an Employees Stock Options Plan
 (ESOP 2006) to attract, retain, motivate and reward its employees and
 to enable them to participate in the growth, development and success of
 the Company. The Company granted stock options to be adjusted for the
 subsequent bonus issue prior to its Initial Public Offering of equity
 shares, to its permanent employees and to few of the permanent
 employees of its foreign subsidiaries at varying numbers depending upon
 their grades.
 
 14.  MAT Entitlement
 
 During the year, the Company has made provision for Minimum Alternate
 Tax (MAT) of Rs.283,600 thousand (RY. Rs. 168,730 thousand).  Considering
 the future expected benefits, the Company has recognized Rs.265,277
 thousand (RY Rs. 153,538 thousand) as MAT entitlement credit representing
 excess of MAT provision over Current Tax.
 
 Accordingly and based on the legal opinion the Company has retained the
 MAT entitlement claim ofRs.288,700thousand uptotheAY2010-201 I.
 
 15.  Scheme of Arrangement
 
 Pursuant to the Scheme of Arrangement approved by the Honble Bombay
 High Court vide order dated September 30, 2010, Sealand Terminals
 Private Limited, the wholly owned subsidiary of Contech Transport
 Services Pvt. Ltd, which is the wholly owned subsidiary of the Company,
 has been merged with the Company w.e.f. April 1, 2009, the Appointed
 Date. The amalgamation has been accounted as Amalgamation in the nature
 of Merger.
 
 The financial statements presented to Members of the Company comprise
 of the financial of Sealand Terminals Private Limited. The deficit of
 assets over liabilities of Sealand Terminals Private Limited
 amountingto R.s.33 thousand has been adjusted against the General
 Reserve of the Company. The Profit earned by Sealand Terminals Private
 Limited during the period from April 1,2009 to December 3 1,2009 is
 recognised as Earlier year Profit of merged entity in Profit and Loss
 Account.
 
 As envisaged in the Scheme, the Company did not issue any equity shares
 to the Members of Sealand Terminals Private Limited i.e.  Contech
 Transport Services Private Limited, the wholly owned subsidiary ofthe
 Company.