OVERVIEW:
 
 The Company is engaged in the business of construction and development
 of Residential & Commercial Complexes and manufacture of Fertilisers.
 
 A) The details in respect of Enterprises covered/registered under
 Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act)
 are not available with the Company. Hence the details of the principal
 amounts and interest, if any, payable to the suppliers as on 31st March
 2011 have not been furnished.
 
 B) Contingent Liabilities:
 
 i) Claims against the Company not acknowledged as a debt:
 
 (Amt. Rs. In lacs)
 
 Sr.  Particulars          2010-2011    2009-2010
 No
 1    Maharashtra State 
      Electricity Board    16.04        16.04
 
 C) The values of Current Assets and Loans & Advances and Deposits are
 stated values which is the opinion of the Management of the Company are
 realizable in the ordinary course of the business, of the Company.
 
 ii) The Company is operating in India hence there is no reportable
 geographic/secondary segment.  Accordingly no disclosure is required
 under AS-17
 
 E) Disclosure of Related Party: 
 a. List of Related Parties:
 
 Subsidiary Companies   None
 Associate Concerns     1.  Yogi Investments Private Limited
                        2.  Vijal Shipping Private Limited
                        3.  Wada Agro Chemicals Private Limited
                        4.  Wada Bottling Industries Private Limited
                        5.  Patel Combi-Therm (India) Private Limited
                        6.  Chavi Impex Private Limited
                        7.  Wada Alums and Acids Private Limited 
                        8.  My Shop 
 Key        Management  Shri.Y.D.Patel .-Chairman & Managing Director
 
 Personnel
 Relatives  of Key      Smt. AnjniY. Patel, Jt. Mg. Director
 Management Personnel   Miss. Chandni Y. Patel, Director
                        Shri.Shailendra D. Patel, CEO (Fertiliser
                        Division) 
                        Shri. ViialY.Patel.CEO 
                        (Construction Division)
 
 7. During the previous year the Company did not import any raw material
 and stores & spares and other expenses. Accordingly the Company has not
 incurred any expenditure in foreign currency for\said purpose.
 
 I) The Company has converted land situated at Thane into stock in
 trade. The proportionate sales proceeds relating to such conversion
 were accounted for in Capital Receipt Reserve. The Company has now been
 legally advised that the said receipts should be credited to the Profit
 and Loss Account. The Company has accordingly changed the method of
 accounting from 01/01/2011.
 
 J) The amount of Capital Receipt Reserve for the year 2008-09 and
 2009-10 amounting to Rs. 6.47 Crores, is credited to the Profit & Loss
 as prior period income.
 
 K) Due to the change in the accounting policy as mentioned in points
 I & J, the sales for the year ended 31 st March 2011, are not
 comparable with previous year.
 
 L) Estimated amount of contracts on capital accounts remaining to be
 executed and not provided for is Rs. 16.59 Lacs (P.Y.Rs.11.18Lacs).
 
 M)The figures of the previous year have been re-grouped and rearranged
 wherever necessary so as to make them comparable with those of the
 current financial year.