NOTE 1 : SHARE CAPITAL
 
 Notes: A. The company does not have any holding Company or any
 Subsidiary.
 
 B.  None of the shares carry any extra rights, preferences or
 restrictions.
 
 C.  There are no shares reserved for issue under options & contracts,
 Commitments for the Sale of Shares/disinvestment.
 
 D.  None of the Shares of the Company were allotted otherwise than for
 Cash, or as bonus shares with the period of five years prior to the
 Balance Sheet date.
 
 E.  There was no buy back of the Company''s Shares.
 
 F.  There are no calls unpaid, or any forfeited shares.
 
 A.  Previous Year''s figures have been regrouped wherever necessary to
 make them comparable with those of the Current Year.
 
  
                                         Current     Previous 
                                            Year         Year
 
 1.  Contingent Liabilities and 
     Commitments (to the extent not
     provided for)
 
     a. Contingent Liabilities not 
        provided for                           -            -
 
     b. Claims against the Company not 
        acknowledged as debts:                 -            -
 
     C. Estimated amount of contracts 
        remaining to be                        -    1,550,000 
        executed on Capital Account, 
        not provided for:
 
 2.  Amount repayable within one year
     included in : 
 
     Unsecured Loans                           -            -
 
 
 3.  Inspite of our direct enquiry, till the date we have not received
 any written representation from any SME regarding their eligibility
 under the SME Act.
 
 4.  Exchange fluctuation recognised in Profit & loss account is Rs. NIL
 Debit. (Rs. 24,998/-)
 
 5.  We have decree in our favour from Court of Hon''ble Civil Judge
 Senior Divn, Pune court regarding recovery of our dues from Vishwa
 Electronics (India) Ltd. Regular follow up is been kept by the Company
 on recovery process. In the nearest future the management has reason to
 believe that the company will recover at least Rs. 17 Lacs from this
 party.
 
 6.  The company has provided Rs. NIL (Rs. NIL) towards doubtful debts.
 
 Company has initiated legal cases against defaulting Customers to the
 tune of 16.06 lacs. The Management is of the opinion that in the
 balance cases of long outstanding customers, the company is taking
 stringent measures to collect the balance outstanding & is hopeful to
 collect the outstanding.
 
 7.  The Company is operating in a single segment of Industrial
 Machinery.
 
 8.  During the year 2005-06, by engaging the services of a
 professional valuer, the Company has revalued its asehold Land by Rs.
 3,11,41,015/- & Building by Rs. 1,14,97,389/- & correspondingly
 credited the same amount to a separate Revaluation Reserve Account. The
 depreciation on this revalued portion, has been charged up to the
 Balance Sheet date by debit to Revaluation Reserve Account.
 
 As at 31st March, 2012, by engaging the services of a professional
 valuer, the company has revalued its Leasehold Land by Rs.
 11,62,14,104/- and Building by Rs. 2,57,87,452/-, and credited the same
 amount to Revaluation Reserve A/C.
 
 9. Disclosure pursuant to Accounting Standard -15 (Revised) -Employee
 Benefits
 
 a.  The Company, has adopted Accounting Standard 15 (Revised) Employee
 Benefits issued by the Institute of Chartered Accountants of India.
 The total liability as on Balance Sheet date is Rs. 14,31,848/- (Rs.
 17,11,361/-), in respect of Gratuity.
 
 b.  Defined Contribution Plans : Amount of Rs. 3,77,430/- (Rs.
 3,00,974/-) is recognised as expenses and included in Schedule No. 10
 Employee Cost.
 
 (ix) Category of Assets
 
 (i) Leave encashment liability being Other Long Term Liability the
 detailed disclosure is not required except that liability calculated on
 actuary basis as on 31.03.2012 is Rs. 6,43,736/- (Rs. 8,80,093/-.)
 
 The same has not been funded.
 
 Short Term Leave encashment liability of Rs. 1,04,862/- (Rs.
 1,24,474/-) is accounted on accrued basis.
 
 (ii) General descriptions of Significant Defined plans:
 
 The Company operates gratuity plan wherein every employee is entitled
 to the benefit as per Payment of Gratuity Act, for each completed year
 of service. The same is payable on retirement or termination whichever
 is earlier. The benefit vests only after five years of continuous
 service.