2010-2011     2009-2010 
                                              Rs. In Lacs   Rs. In Lacs
 
 1).  CONTINGENT LIABILITIES
 
 a) Claims against the Company not 
 acknowledged as debt:
 
 i) Cenvat/Service Tax Credit under disputes 
 by Excise authorities                              29.07        56.55
 
 ii) Excise demand disputed by the Company          57.99        28.98
 
 iii) Sales Tax demand disputed by the Company      25.23        25.23
 
 iv) Professional Fees                               1.66            -
 
 b) Counter Guarantees given by the Company 
 to the bankers for Bank Guarantees                 69.07        50.00
 
 c) Letter of Credits issued by the Bank           146.67            -
 
 2) RELATED PARTY DISCLOSURES
 
 A) NAME OF RELATED PARTIES AND RELATIONSHIP
 
 Name                         Relationship
 
 1) Mr. M.G. Gandhi           Key Management Personnel(KMP)
 
 2) Mr. B.G.Gandhi            Key Management Personnel(KMP)
 
 3) Mr. J.M. Gandhi           Relative of KMP
 
 4) Jaishri Engineering 
    Co. Pvt. Ltd.             Significant influence by KMP
 
 5) Gandhi Finance 
    Co. Pvt. Ltd.             Significant influence by relatives of KMP
 
 6) B.M. Gandhi Investment 
    Co. Pvt. Ltd.             Significant influence by relatives of KMP
 
 7) Randeep Exports           Significant influence by KMP/ relatives 
                              of KMP
 
 3) Previous Year figures have been regrouped, rearranged and
 reclassified, wherever considered necessary.