Basis of preparation
 
 The financial statements of the Company are prepared under the
 historical cost conven- tion on accrual basis of accounting in all
 material respects in accordance with the appli- cable accounting
 standards and the provisions of the Companies Act, 1956. The account-
 ing policies have been consistently applied by the Company during the
 year.
 
 1.  Balance with scheduled bank include Rs. 38 lakhs (March 31,2011: Rs
 38 lakhs) represents margin money for bank guarantees issued by bank.
 
 2.  Unclaimed dividend for a period of 7 years will be transferred to
 IEPF as per provision of sectioi 205 of the Companies Act 1956.
 
 3.  Fixed Deposits with bank having a maturity period of more than 12
 months Rs. 635.47 lakhi (March 31, 2011: Rs. 171.61 lakhs)
 
 4.  Balance in Sundry Debtors, Creditors and other advances are
 subject to confirmation.
 
 5.  Sundry Debtors include an amount of Rs. 119.08 (Previous Year Rs.
 80.80) due from companies in which some of the Directors are common.
 
 6.  The estimated amount of contracts remaining to be executed on
 Capital Account not provided for Rs. 109.07 (Previous Year 184.63)
 
 7.  Contingent Liabilities:
 
 a) Claims against the company not acknowledged as debt: NIL (Previous
 year: NIL)
 
 b) Other monies for which the Company is contingently liable:
 
                            Current Year   Previous Year
 Particulars    
                           (Rs in lakhs)  (Rs in lakhs)
 
 (i)  Disputed Expenditure 
 Tax Liability                  676.88         676.88
 
 (ii) Bank Guarantee            113.53         113.53
 
 (iii)     Income Tax             5.04           0.00
 
 
 
 
 8.  The Company has not recognized any loss on impairment in respect
 of assets of th Company as required in terms of Accounting Standard 28
 on Impairment of assets1 since in the opinion of the management the
 reduction in value of any assets, to the exter required, has already
 been provided for in the books.
 
 9. The company has made application for compounding of offence under
 section 621A read with section 297(1) of the Companies Act, 1956 in
 respect of service contract entered into with a private limited company
 for the period of 1st April to 30'' June 2010, for which prior approval
 of the Central Government was not obtained.
 
 10. Previous year''s figures have been re-grouped and re-arranged
 wherever necessary to conform to the current year''s figures.