1.  (a) The Company''s Income-tax and Wealth-tax assessments have been
 completed upto the accounting year 2007-2008.
 
 (b) The Company is registered as a dealer under various State Sales Tax
 Laws. The Company''s Sales-tax assessments have been completed upto the
 accounting year 2004-2005 of Akurdi Plant & 2008-2009 of Pithampur
 Plant.
 
 2.  Contingent Liability in respect of : 
 
                                        31-3-2011          31-3-2010
 
                                              Rs.                Rs.
 
 (a) Letters of Credit and Bank 
 Guarantees outstanding              28,64,21,365       16,77,31,479
 
 (b) Taxes and Duties                19,89,82,542       17,70,06,859
 
 (c) Others                          21,75,49,955       20,86,22,597
 
 (d) As reported earlier, a foreign company has initiated legal
 proceedings in a foreign court, in respect of notional and unfounded
 claims for damages, without there being any enforceable arrangement,
 relating to export business. The Company has obtained opinion from a
 Senior Counsel, in respect of these alleged claims against the Company.
 The Company has been advised that such notional / unfounded claims are
 not as per the applicable law nor these claims, if any, can be enforced
 in the Court of Law in India. This information is being disclosed as
 per the provisions of Schedule VI to the Companies Act, 1956, only to
 indicate the alleged claims made against the Company and the
 developments in respect thereof.
 
 3.  As of 31st March, 2011, the Company has not received any intimation
 as to the status as a Micro, Small & Medium Enterprises from any of the
 suppliers, with a copy of the Memorandum filed as per the provisions of
 Section 8 of the Micro, Small and Medium Enterprises Development Act,
 2006.
 
 4.  Leases :
 
 Operating Leases :
 
 (a) Assets taken on Lease :
 
 The Company has taken office / residential premises (including
 furniture fittings therein as applicable), guest houses and vehicles
 for the use by its employees / business use, on Operating Lease.
 
 Lease terms in respect of office / residential premises are on the
 basis of individual agreements entered into with the landlord.
 
 The lease term in respect of vehicles is for 4 years.
 
 Lease rent payments are recognised in the Profit & Loss Account.
 
 (b) Assets given on Lease :
 
 The Company has entered into a Lease Agreement for Industrial Shed for
 a period of 10 years.
 
 The said arrangement provides for progressive increase in rentals
 during the tenure of the agreement.
 
 The Lessee is entitled to terminate the Lease Agreement after the
 expiry of 60th month from the date of agreement. The Lessor is also
 entitled to terminate the Lease Agreement, if the Lessee defaults the
 terms and conditions of the Lease Agreement.
 
 The estimates of the future salary increases, considered in actuarial
 valuation, take into account inflation, seniority, promotion and other
 relevant factors, such as demand and supply in the employment market.
 The Liability for Earned leave, for Temporary Employees (short term)
 has been provided on actual basis, amounting to Rs. 14,13,732/- (Rs.
 10,34,864/-).  21.  Related party disclosures ( As identified by the
 Management )
 
 (A) Name of the related parties and nature of related party
 relationship where control exists are as under :
 
 (a) Joint Venture Company : MAN FORCE TRUCKS Private Limited
 
 (b) Key Management Personnel : Mr. Abhay Firodia
 
 Chairman
 
 : Mr. Prasan Firodia Managing Director
 
 (c) Relatives of Key Management Personnel :
 
 (i) Mr. Abhay Firodia : Mr. Prasan Abhay Firodia : Son
 
 : Mrs. Sunanda Sudhir Mehta : Daughter
 
 : Mrs. Kamla Bansilal Bhandari : Sister
 
 (ii) Mr. Prasan Firodia : Mr. Abhay Navalmal Firodia : Father
 
 : Mrs. Sunanda Sudhir Mehta : Sister
 
 (d) Other Related Parties : Jaya Hind Investments Pvt. Ltd.
 
 : Jaya Hind Industries Ltd.  
 
 : Pinnacle Industries Limited
 
 5.  No amount as on 31st March, 2011, became due for transfer to the
 credit of the Investors Education and Protection Fund.
 
 6.  Sundry Debtors include Rs. 78,54,35,038/- being the amount
 receivable from MAN FORCE TRUCKS Private Limited.
 
 7.  The Company is operating in a Single Segment.
 
 8.  Previous year''s figures are re-arranged wherever necessary and
 shown in brackets.