1.1 Secured by hypothecation of all machineries & equipments purchased
 out of bank finance & further secured by quitable mortgage of a
 residential plot R S no.1240/5 situated At: Jitodia Ta- Dist:Anand
 admeasuring 11.5 gunthasIn the name of Shri Ashwinbhai R. Patel&
 personal guarantee of Dr Dinesh S.Patel Chairman & Managing
 Director,Sonal D. Patel Director, & Ashwinbhai R. Patel.
 
 2.1 Working capital loans are secured by hypothecation of present and
 future stock of raw materials, stock-in-process, finished goods, stores
 and spares (not relating to plant and machinery), book debts& it is
 further secured by regesterd mortagae of factory land & building
 situated at village :Lunej Ta: Cambay R S no.328/1 admeasuring 8925
 Sq.mtrs. & personal guarantee of Dr Dinesh S.Patel Chairman & Managing
 Director, Sonal D. Patel Director, & Ashwinbhai R. Patel.
 
 Note 3 Related Party Disclosure
 
 Related Party disclosure as required by AS-18, are given below:
 
 I) Relationship:
 
 a) Subsidiary of the Company
 
 -Nil
 
 b) Associates and Joint Ventures
 
 - Nil
 
 c) Individual having control / significant influence
 
 - Mr. Dr.Dinesh Patel (Managing Director)
 
 d) Key Managerial Personnel
 
 - Mr.Dr.DineshS. Patel (Managing Director)
 
 e) Relatives of Key Managerial Personnel
 
 -Sonal D. Patel (Spouse)
 
 f) Enterprises over which (c), (d) & (e) above have significant
 influence
 
 - Nil
 
 III) Disclosure in Respect of Material Related Party Transactions
 during the year
 
 1.  Loan & Advance given during the year to Dinesh Allorga Ltd.
 Rs.3,96,709 (Previous Year Rs. 59,525)
 
 2.  Payment to key Management Personal includes to Dr Dinesh S. Patel
 Rs.  2,12,500.(Previous Year Nil)
 
 3.  Payment to Relatives includes to Sonal D. Patel Rs.2,13,000
 (Previous year Nil)
 
 Note 4
 
 As The Company''s business activity, in the opinion of the management,
 falls within a single primary segment subject to the same risk and
 return, the disclosure requirement of Accounting Standard AS-17
 Segment Reporting issued by the Institute of Chartered
 Accountants of India are not applicable.
 
 Note 5
 
 CONTINGENT LIABILITIES AND COMMITMENTS
 
                                               2011-12     2010-11
 
 (i) Contingent Liabilities
 
 (a) Claims against the                              -           -
 Company/disputes & liabilities not 
 acknowledge against debt
 
 (b) Guarantee                                       -           -
 
 (II) Commitments
 
 (a) Estimated amt. of contract                      -           -
 remaining to be excecuted on capital advance
 
 (b) Other commitments                               -           -
 
 Note 6 Previous Year Figures
 
 During the year ended 31st March, 2012, the Revised Schedule VI
 notified under The Companies Act, 1956 has become applicable to the
 company for preparation and presentation of its financial statement.
 The adoption of revised Schedule VI dose not impact recognition and
 measurement principles followed for preparation of financial
 statements.  However, it has significant impact on presentation and
 disclosure made in the financial statement. The company has also
 reclassified the previous year figure in accordance with the
 requirement applicable in the current year. In view of this
 reclassification, certain figures of current year are not strictly
 comparable with those of the previous year.