1.  Schedule 1 to 11 form an integral part of the Balance Sheet and
 Profit & Loss Account.
 
 2.  Contingent Liabilities:                             (Rs. in Lacs)
 
                                          Current Year     Previous Year
 
 A. Estimated amount of contracts 
    remaining to be executed
    on Capital Account and not
    provided for                                162.48            158.14
 
 B.     Unexpired Letters of Credit              45.09            292.78
 
 C.     Bank Guarantees                          64.00              5.12
 
 D.    Disputed Statutory Dues in 
 respect of Excise Duty / Service Tax            17.03             17.03
 * Contingent Assets are neither recognised,
 nor disclosed
 
 3.  In the opinion of the Board of Directors, the current assets and
 loans & advances, if realized in the ordinary course of business, would
 be realized at least equal to the amounts at which these have been
 stated in the balance sheet.  Further, provisions for all known
 liabilities have been made in the books of accounts.
 
 4.  Travelling expenses, Telephone Exp., Business promotion, Rent and
 Hire charges and Running & Maintenance of vehicle expense include Rs.
 1.75 Lacs Rs.1.31 lacs, Rs.0.38 lacs, Rs. 1.89 lacs & Rs.1.64 lacs
 (Previous year Rs. 1.64 lacs, Rs.1.43 lacs, Rs.0.32 lacs, Rs 9.45 lacs
 and Rs.1.39 lacs) respectively incurred, by the director.
 
 5.  Maximum amount outstanding at any time during the year due from/due
 to directors is Rs. Nil.
 
 6.  Confirmation of some of accounts at year-end included under the
 head sundry debtors/creditors and loan & advances is yet to be
 received as at the date of Audit Report.
 
 7.  (a) Sundry Creditors include a Sum of Rs.  12.42 Lacs (Previous
 Year Rs 10.13) due to Small and Medium Enterprises.
 
 (b) The List of SMEs units to whom company owes a sum exceeding
 Rs.1,00,000 and which is outstanding for more than 30 days is as
 under:-
 
 Bansal Brothers, Phoenix Enterprises, Gayatri Automations Systems Pvt.
 Ltd., Rimaco industries Suprabha Protective products Pvt. Ltd., Bright
 Burnishing Tools Pvt. Ltd.,
 
 (c) The Payments to SMEs Undertakings have been made as per stipulated
 terms.
 
 (d) The above information has been compiled in respect of parties to
 the extent to which they could be identified as SMEs on the basis of
 information available with the company.
 
 (c) The Payments to SMEs Undertakings have been made as per stipulated
 terms.
 
 (d) The above information has been compiled in respect of parties to
 the extent to which they could be identified as SMEs on the basis of
 information available with the Company.
 
 8.  Related party Disclosures & transactions:
 
 As per Accounting Standard AS -18 issued by the Institute of Chartered
 Accountants of India, related parties in terms of the said standard are
 disclosed below :-
 
 9.  RETIREMENT BENEFITS:
 
 Effective financial year 2008-09, the Company has implemented
 accounting Standard (AS)-15 (Revised -2005) dealing with Employees
 Benefits, issued by the Institute of Chartered Accountants of India.
 AS-15 (Revised-2005) deals with recognition, measurement and disclosure
 of short term, post employment, termination and other long term
 employee benefits provided by the Company.
 
 The Company has various Schemes of retirement benefits schemes such as
 Provident Fund, Gratuity and Earned Leave.
 
 Post Employment Benefit Plans:
 
 Payments to defined contribution retirement benefit schemes is charged
 as an expense as they fall due.
 
 The cost of providing defined benefits is determined using Projected
 Unit Credit Method and accordingly, actuarial valuation has been
 carried out at the Balance Sheet date. Actual gain & losses are
 recognised in full in the profit & loss account for the period in which
 they occur. Past service cost is recognised to the extent the benefits
 are already vested, and otherwise is amortised on a Straight line
 Method over the average period until the benefits become vested.
 
 The retirement benefit obligations recognised in the Balance Sheet
 represent the present value of the defined benefit obligations as
 adjusted for unrecognised past service cost, and as reduced by the fair
 value of available refunds and reductions in future contributions to
 the scheme.
 
 Defined Benefit plan:
 
 Gratuity Plan & Leave Encashment Plan
 
 The Company, in accordance with AS-15 (Revised) has made the provisions
 for Gratuity and Leave Encashment on projected unit credit method.
 
 Disclosure in respect of Employees Benefit plans
 
 10.  Export sales include sale in transit to its overseas customers /
 subsidiary acknowledged in subsequent year, indirect export and deemed
 export.
 
 11.  The Company has entered into hedge derivative transactions for
 cost reduction and risk diversification strategy to manage its loan
 portfolio. The Company is accounting for profit and /or loss in such
 transactions on actual receipt / payment basis.
 
 12.  Detail of units manufactured, material consumed and sales include 
 components bought and sold.
 
 13.  Previous year''s figures have been regrouped, rearranged and
 recasted wherever considered necessary.
 
 24.  Other Income includes Profit on Sale of Investments, Dividend
 Income, Interest on FDR, Rent & Other Income.