1. Contingent Liabilities :
 
 The Company has not made any provision towards Income Tax demand /under
 dispute to the extent of Rs. Nil (previous year Rs. 14 lakhs) as the
 Company has preferred appeals.
 
 2. Debenture redemption - Public:
 
 The Company during the year 2007-08 availed an Inter Corporate Loan of
 Rs. 385 lakhs and redeemed the entire balance debentures of Rs. 152.41
 lakhs of principal plus simple interest @ 14% per annum up to and
 inclusive of 30th September 2007, as per the approval accorded by the
 Debenture Holders at their Meeting held on 12.12.2007. The entire
 amount was paid into the Current account opened with the State Bank of
 India, Chennai Main Branch on 14.12.2007. Unclaimed Debentures as at
 31.03.2012 amounting to Rs. 86.41 lakhs (Previous year amounting to
 86.63 lakhs) is reflected under current liability and also under Bank
 Balance.
 
 3. The Company during the year continued to do job work to M/s MTL
 Instruments (P) Ltd. Further the Company is planning to venture into
 other activities. For the reasons stated above the accounts have been
 prepared on Principle applicable to Going Concern
 
 4.  Related Party Disclosure under Accounting Standard 18
 
 The List of related parties as identified by the Company are as 
 under:- 
 
 Key Management Personnel    1) Sri. K. Venkateswaran - Director
 
                                               (Up to 31.03,2012)
 
                             2) Sri. M. S. Meeramohideen - Director
 
 Persons who have significant influence  : Sri. P. Vijayakumar Reddy.
 
 Entitles over which related party has
 
 Significant Influence                   : PPN Holdings Limited
 
 Remuneration paid to Key Management Personnel - Rs. 7.67 Lakhs (7.41
 lakhs.)
 
 Other Related Party Transactions:
 
 Particulars                            2011-12          2010-11
 
 Loans availed from PPN
 
 Holdings Limited                  23,79,20,853     23,82,40,853
 
 5.  The Company had no outstanding dues that require to be furnished
 under section 22 of The Micro small and medium enterprises development
 Act 2006.
 
 6.  Paise have been rounded off to the nearest Rupee.
 
 7.  Previous year''s figures have been regrouped and rearranged wherever
 necessary, to conform to current year''s classification.