1.  Materials are purchased indigenously.
 
 2.  The company operates only in one segment, i.e. Civil Construction.
 Hence the company has no segment as defined in Accounting Standard -17
 on Segment Reporting issued by the Institute of Chartered Accountants
 of India.
 
 3. Details of contingent liabilities not provided for in books of
 accounts
 
                                               (Rs. in lacs)
 
 Name of the statute to which the liability 
 relates Amount
 
 a) Orissa Sales Tax Act                           106.29
 
 b) Orissa Entry Tax Act                            34.44
 
 c) Central Sales Tax Act                          791.10
 
 d) Orissa Electricity Act                          47.22
 
 e) Corporate Guarantees to sister concerns of 
 the Company:
 
 i) ARSS Biofuel (P) Ltd.                          260.00
 
 ii) Anil Contractors (P) Ltd                      600.00
 
 f) Income Tax Act
 
 i) CIT (Appeal)                                   151.07
 
 g) Performance Bank Guarantee                  62,022.96
 
 Total                                          64,013.08
 
 4.  Sundry debtors exceeding six months include Rs. 350.67 lacs due
 from joint ventures in which the company is a partner.  As the
 recoverability of such sundry debtors is dependant on the release of
 security deposit and withheld amount, the company treats the debtors as
 good and has not made any provision against the same.
 
 5.  As per the intimation available with the Company, there are no
 Micro, Small and Medium Enterpirses, as defined in the Micro, Small,
 and Medium Enterprises Development Act, 2006, to whom the Company owes
 dues on account of principal amount together with interest and
 accordingly no additional disclosures have been made.
 
 6.  Since the Company carries on the business of Construction, being a
 service industry the quantitative information as required under para 3
 of part II of Schedule – VI is not being furnished.
 
 7.  A search and seizure operation was conducted by the Income Tax
 Authorities in the premises of the Company on 6th October,2010. During
 the course of search some documents of the Company were seized.
 Accounts have been prepared based on certified photocopies of such
 seized documents.
 
 8.  Paisa has been rounded off to nearest rupee
 
 9.  Previous year figures have been rearranged and regrouped wherever
 considered necessary. As per our separate report of even date