(a) Terms and Rights attached to shares Equity shares
 
 The company has only one class of equity shares having par value of
 Rs.10 per share.  Each holder of equity share is entitled to one vote
 per share. The dividend proposed by the Board of Directors is subject
 to the approval of the shareholders in the ensuing Annual General
 Meeting. In the event of liquidation of the company, the holders of
 equity shares are eligible to receive share in the remaining assets of
 the company after distribution of all preferential amounts in
 proportion to their shareholding.
 
 Preference shares
 
 The company has only one class of Preference shares of 6.5% Redeemable
 Preference shares having par value of Rs.10/- per share. Preference
 Share holders are not entitled to vote. Preference shares carry a
 preferential right for repayment in priority to the equity shares to
 the company but shall not carry any further or other right to
 participate either in the profits or assets of the company. Preference
 Shares shall be redeemable on the expiry of 36 months from the date of
 allotment with an option to the company / the holder of preference
 share(s) to redeem the same earlier but not before the expiry of 2
 years from the date of allotment.
 
 1 The Company has not made any Provision towards leave encashment.
 
 2 Confirmation of balances in case of Debtors and Creditors have not
 been received.
 
 3 In compliance with the Accounting Standard relating to Accounting
 for taxes on income (AS22) issued by the Institute of Chartered
 Account ants of India the Company has provided deferred tax liability
 of Rs.2,75,829/- on account of timing difference in the method of
 depreciation adopted.
 
 4 Accounting Standard -18 - Related Party Disclosure (i) Names of
 related parties and description of relationship Key Management
 Personnel
 
 (a) Sri T valsaraj - Key Management Personnel
 
 (b) Sri. G.V.V.Satyanarayana- Key Management Personnel
 
 Enterprises in which KMP or Relatives having significant influence
 
 (a) M/s.T.V.R.Estates and Resorts Pvt. Ltd. -As sociate Company
 
 (b) M/s.Balaji Seafoods Ltd. -Associate Company
 
 (c) M/s.Coastal Developers Pvt. Ltd. - Associate Company
 
 (d) M/s. Sai Sreekara Realtors & Fisheries-Associate Firm
 
 (e) M/s. Snehadara Consultants -Associate Firm