1.  Corresponding figures of the previous year have been regrouped and
 reclassified to make them comparable with current years figure
 wherever necessary.
 
 2.  The Directorate General of Central Excise - Investigation (DGCE-I)
 during the course of survey on 05.01.2007, debited an amount of Rs.
 25.00 Lacs in RG23 Part II without raising any demand for excise and
 therefore the same is shown under the head Loans and Advances -
 Schedule I. In the opinion of the Board of Directors of the Companies
 no provision is required to be made in respect of such Excise liability
 as the said liability is not crystallised as on the date of Balance
 Sheet.
 
 3.  Contingent liability not provided for :
 
 Bank Guarantees of Rs. 5,00,000/- (Previous Year Rs. 5,00,000/-) issued
 by Bankers of the Company.
 
 Depreciation for the year is provided on straight-line method in the
 manner and at the rates (single shift) prescribed in Schedule XIV to
 the Companies Act, 1956, as amended.
 
 4.  Sales Tax assessments are completed up to the accounting year
 2004-05 and additional liability if any, on this account is recognised
 on completion of the assessment.
 
 5.  Letters seeking confirmation of balances outstanding from banks,
 debtors, creditors and others are not being issued. Accordingly
 balances as on 31st March, 2010 as appearing in books of account have
 been recognised and are subject to reconciliation / adjustments, if
 any, when the accounts of the concerned parties are reconciled and
 settled. The management does not expect any material difference
 affecting the currrent years financial statements.
 
 6.  Old outstanding balances in Sundry Debtors account have been
 considered good and recoverable unless otherwise specified. The process
 of recoveries / adjustments, to appropriate accounts is being pursued
 and hence considered good and recoverable.
 
 7.  In the opinion of Board, Current Assets and Loans and Advances are
 at values stated in the Balance Sheet, if realisable in the ordinary
 course of business.
 
 8.  As required by the notification No. GSR 129 (E) dated 22nd
 February 99, issued by the Government of India, Ministry of Law,
 Justice and Company Affairs, while the Company is ensuring payment to
 Small Scale Undertakings within reasonable time; the dues to such
 parties remain to be specifically identified.
 
 9.  The company has not regularly deposited statutory payments like
 Provident Fund, Income tax in current financial year 2009-2010 and
 certain payments are still outstanding as on 31st March, 2010.
 
 10.  Related party disclosures, as required in terms of Accounting
 Standards 18 are given below.
 
 1.  Relationslip (Related Party Relationships are as identified by the
 company and relied up on by the Auditiors)
 
 a) Enterprise in which relative of Managing Director of Baroda
 Extrusion Ltd.  is a director and able to exercise significant
 influence.
 
 b) Key Management Personnel -- Mr. Parasmal B. Kanugo
 
 2.  Transactions Carried out with related parties referred to above :
 Directors Remuneration : Rs. 7,80,000/-