1.  CONTINGENT LIABILITIES:                 31.03.2011    31.03.2010
                                            Rs. In lacs   Rs. In lacs
 
 a.  Bills discounted                               NIL           NIL
 
 b.  Estimated amount of contracts rema
     -ining to be executed on capital
     account and not provided for (net 
     of Advances)                                   NIL          1920
 
 2.  Income Tax assessments have been completed up to the Assessment
 Year 2009 - 2010.
 
 3.  The company has opted the exemption route vide Central Excise
 Notification No.30/ 2004 and 31/2004 dated 09.07.2004.
 
 4.  As at the end of the year, the Company does not have small-scale
 industries as defined by Section 3-J of the Industries (Development and
 Regulation) Act, 1951 and to whom more than Rs. 1.00 lac is due and
 also for more than 30 days. Hence, the provision of interest does not
 arise. There were no overdue payments to Micro, Small and Medium scale
 enterprises during the year and there is no amount overdue as on the
 date of the Balance Sheet to such enterprises.
 
 5.  Sundry debtors which are overdue for a period of 6 months and more
 include a sum Rs.32.09 lacs (Rs.32.41 lacs) for which the Company has
 taken legal action and is hopeful of recovery. These Debtors have been
 provided in full.
 
 6.  Depreciation has been calculated according to Schedule XIV of the
 Companies Act, 1956 as amended on straight-line method.
 
 7.  The Company has received a demand towards Peak Hour Electricity
 charges amounting to Rs.26.89 lacs from TNEB against which the Company
 has gone on appeal to the Honourable High Court of Madras, which has
 granted a stay on the collection of the amount, pending disposal of the
 Appeal.
 
 8 Previous year figures have been regrouped and reclassified wherever
 necessary to conform to current year’s classification.