1.  Contingent Liabilities not provided for:
 
 A.  Sundry claims against the Corporation by employees and others not
 admitted (amount indeterminate).  In the opinion of the management, the
 outcome of these claims is likely to be immaterial.
 
 B.  Disputed demands of Central Excise Department not provided for in
 respect of:
 
                                                           Previous Year 
                                     Rs. in Lakhs               Rs. in Lakhs
 
 Sunmica Division                      40.76                      203.78
 
 BCL Springs Division                   1.26                      157.27
 
 South India Consolidation Division     1.47                        1.47
 
 C.  Disputed wage demands pending with the Industrial Tribunal X 232.25
 Lakhs (Previous Year Rs. 232.25 lakhs) and back wages relief granted by
 Labour Court Rs. 0.58 Lakhs (Previous Year Rs. 0.58 lakhs) in respect of
 South India Branches.
 
 D.  Damages and interest on alleged unauthorized occupation of
 residential premised determined by the Estate Officer L.I.C. up to 31st
 March 2011 and disputed by the Corporation Rs. 119.94 lakhs (Previous
 Year Rs. 264.46 lakhs).
 
 The Corporation has created provision for contingencies as an abundant
 precaution. (Refer Note No.20 of Schedule 22)
 
 E.  Bills of Exchange discounted with Banks not matured Rs. 301.74 Lakhs
 (Previous Year Rs. 332.40 lakhs).
 
 F.  Supplementary bill was issued by Maharashtra State Electricity
 Distribution Co. Ltd. (MSEDCL) towards arrears of additional
 electricity supply charges for May 2007 to June 2008 for Rs. 23.87 Lakhs
 (Previous Year Nil). Consumer Grievances Redressal Forum has decided in
 favour of BCL Springs and quashed the demand. The said decision has
 also been upheld by the by the High Court. However, MSEDCLs bill for
 March 2011 continues to carry arrears at Rs. 31.51 Lakhs (including
 interest upto March 2011 of Rs. 7.64 Lakhs).
 
 2.  Estimated amount of contracts remaining to be executed on Capital
 Account and not provided for Rs. 20.20 Lakhs (Previous Year Rs. 38.31
 Lakhs).
 
 3.  Financial & Derivative Instruments :
 
 (a) Outstanding Foreign exchange forward contracts EUR 3.67 Lakhs
 (Sold) - INR 228.08 Lakhs, AUD 0.91 Lakhs (Sold) - INR 41.68 Lakhs, JPY
 305.40 Lakhs (Bought) - INR 165.90 Lakhs (Previous year USD 11.10 Lakhs
 (Sold) - INR 517.51 Lakhs, USD 32.70 Lakhs (Bought) - INR 1,520.99
 Lakhs, JPY 671.44 Lakhs (Bought) - INR 338.63 Lakhs
 
 (b) Option contract of Euro 11.25 Million. (Previous year Option
 contract of Euro 11.25 Million) are outstanding as at the year end.
 
 (c) The year end foreign currency exposures that have not been hedged
 by a forward contract / derivative instrument or otherwise are given
 below:
 
 4.  Tax amounting to Rs. 41.39 Lakhs (Previous Year Rs. 56.69 Lakhs) has
 been deducted at source on income from Interest.
 
 5.  Managerial remuneration under Section 198 of the Companies Act,
 1956.
 
 Remuneration to the Managing Director and Deputy Managing Director for
 the year ended 31st March 2011
 
 6.  Additional information pursuant to the provisions of paragraphs
 3,4C and 4D of part II of Schedule VI to the Companies Act, 1956.
 
 F. Sunmica Division manufactures Laminates of various types in
 different thickness and sizes. Hence, the quantities of Stocks, Raw
 Materials consumed and Turnover have been given uniformly in Metric
 Tonnes and not in the quantitative denominations in which these are
 normally purchased or sold in the market.
 
 (b) Except for the above Shareholders, the Corporation has not made any
 remittance in foreign currency on account of dividends during the year
 and does not have information as to the extent to which remittances in
 foreign currencies on account of dividends have been made by or on
 behalf of non-resident Shareholders.
 
 Notes:
 
 (a) Loans and advances to employees of the Corporation are excluded
 from the above disclosure.
 
 (b) In respect of the above loans there is no repayment schedule and
 they are repayable on demand.
 
 (c) In respect of the loan of Rs. 17.14 Lakhs (Previous Year X 67.14
 Lakhs) given to Sea Wind Investments and Trading Company Limited, a
 wholly owned subsidiary of the Corporation, no interest is charged on
 the outstanding loan amounting of Rs. 17.14 Lakhs (Previous Year Rs. 67.14
 Lakhs).
 
 (d) In respect of the loan of Rs. 229.61 Lakhs (Previous Year Rs. 224.92
 Lakhs) given to Naira Holdings Ltd. a wholly owned subsidiary of the
 Corporation, interest is charged at the rate lower than that specified
 in Section 372A of the Companies Act, 1956.
 
 (e) In respect of the loan of Rs. 44.72 Lakhs (Previous Year Rs. 69.14
 Lakhs) given to Afco Industrial and Chemicals Limited, a wholly owned
 subsidiary of the Corporation, no interest is charged on the
 outstanding loan amounting of Rs. 44.72 Lakhs (Previous Year Rs. 69.14
 Lakhs).
 
 (f) In respect of the loan of Rs. 75.66 Lakhs (Previous Year Rs. 73.38
 Lakhs) given to DPI Products and Services Limited, a wholly owned
 subsidiary of the Corporation, no interest is charged on the
 outstanding loan amounting of Rs. 75.66 Lakhs (Previous Year Rs. 73.38
 Lakhs).
 
 (g) In respect of advance subscription towards capital of Rs. 5,245.20
 Lakhs (Previous Year Nil) to Leila Lands Senderian Berhad a wholly
 owned subsidiary of the Corporation, no interest is charged on the
 outstanding amount
 
 However, the provisions of Section 372A of the Companies Act, 1956 are
 not applicable to loans/ advances covered under (c), (d), (e) and (f)
 above in view of the loanees being wholly owned subsidiaries of the
 Corporation.
 
 (h) Figures in brackets are in respect of the previous year.