1 In the absence of taxable income for the year ended on 30.06.2011,
 the company has made provision for tax under section 115JB of the
 Income Tax Act (MAT) on book profits of the company.
 
                                         Year Ended     Year Ended
                                          30.06.11       30.06.10
                                          Rupees           Rupees
 
 2 Contingent Liabilities:
 
 a) Bank Guarantees                       3,126,230     1,875,000
 
 b) Foreign Letter of Credits            11,398,196     6,365,224
 
 c) Estimated amount of contracts remaining to
 be executed on capital account not
  provided for                           17,662,011    34,380,288
 
 3 Unsecured Loan of Rs. 59,400,000/- from a company is balance
 consideration payable to Faze Three Ltd. consequent to the
 implementation of the scheme of arrangement.
 
 4 Sundry Creditors include Rs. 3,11,320/- (previous year Rs.
 1,58,603/-) due to ancillary / small scale industrial undertakings to
 the extent such parties have been identified from available
 information. As at 30th June 2011, there were no small scale industrial
 undertaking to whom the company owes Rs. 100,000/- or more and which
 are outstanding for more than 30 days.
 
 5 Company does not have any scheme for leave encashment.
 
 6 Segmental Reporting
 
 The Company has only one segment of activity namely''Autofabrics''.
 
 7 Previous year''s figures have been regrouped/reclassified wherever
 necessary.