1.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for Rs. 265.0 millions (Rs. 56.0 millions).
 
 2.  research and development expenses:
 
 revenue expenditure on research and development incurred and charged
 during the year through the appropriate heads of account aggregate Rs.
 104.5 millions (Rs. 92.4 millions). the capital expenditure incurred
 during the year for research and development purposes aggregate Rs 55.5
 millions (Rs. 12.9 millions). details of expenses are as follows:
 
 3.  contingent liabilities not provided for in respect of:
 
                                                        Rs. in millions
 Particulars                                  As at              As at
                                  December 31, 2011  December 31, 2010
 
 a) in respect of demands 
 contested by the company:
 
 -     sales tax matters                      103.8              111.0
 
 -     Excise duty matters                    549.9              585.6
 
 -     income tax matters                     141.5               88.8
 
 -    service tax matters                       7.6                9.5
 
 b) claims against the company 
 not acknowledged as debts                     45.9                9.2
 
 c) guarantees given to:
 
 A subsidiary, for certain 
 receivables transferred 
 pursuant to                                    0.6                2.1
 
 Business Purchase Agreement
 signed by the company with
 subsidiary company
 
 All the above matters other than guarantees are subject to legal
 proceedings in the ordinary course of business. the legal proceedings
 when ultimately concluded will not, in the opinion of management, have
 a material effect on the result of operations or the financial position
 of the company.
 
 4.  Segment reporting:
 
 As the company'' business activities falls within a single primary
 business segment viz. Automobile products and related components and
 is a single geographical segment, the disclosure requirements of
 Accounting standard – 17 segment reporting notified under the
 companies (Accounting standards) rules, 2006 are not applicable.
 
 5.  ''Excise duty'' on sales has been deducted from gross sales on the
 face of profit and loss account. ''increase/(decrease) in excise duty on
 finished goods'' has been shown under the head ''materials consumed'' in
 schedule 10.
 
 Notes:
 
 1.  the installed capacities are as certified by the management of the
 company on which the auditors have placed reliance without
 verification.
 
 2.  Production figures represent gross production.
 
 3.  the figure of production disclosed against manufactured components
 is the value (as this is more meaningful than the quantities) of such
 components transferred for sale or sold to other parties.