1.1 Car Finance Loan
 
 Car Loan availed by the Company from ICICI Bank is secured against
 motor car against which the finance is availed.
 
 2.1 As per the information available with the Company, there are no
 Micro and Medium Enterprises, as defined in the Micro small, Medium
 Enterprise Development Act 2006 to whom the Company owes on account of
 principal amount together with the interest and according no additional
 disclosures have been made.
 
 Note 3 : Additional Information to financial statements
 
 1 Contingent Liabilities in respect of :
 
 Guarantees given by Bankers Rs. 0.36 Lacs.  (Previous Year Rs. 0.36
 Lacs)
 
 2 Auditors Remuneration :
 
 Particulars                           Year Ended 
                                       30.06.2012     Year Ended 
                                                      30.06.2011
 
 (a) Audit Fees                          1,05,000      1,05,000
 
 (b) Tax Audit Fees                        20,000        20,000
 
 Although the installed capacity has been indicated as above most of the
 machines being common for different constructions and mesh sizes of
 Nylon Fish Knitted Fabrics manufactured by the Company, the installed
 capacity thus may vary from time to time.
 
 The figures of installed capacity are as certified by a Director and
 accepted by the Auditors.
 
 4.  In the opinion of the Board, current assets, loans and advances
 have a value of at least equal to the amounts shown in the Balance
 Sheet, if realized in the ordinary course of business. The provision
 for all the known liabilities is adequate and not in excess of the
 amount reasonably necessary. There are no contingent liabilities other
 than those stated in Note No.22(1).
 
 5.  Reconciliation of Sundry Debtors has been completed in part and the
 same has been reflected in the Accounts.
 
 6.  Garware Nylons Limited has gone into liquidation and Bombay High
 Court has appointed Official Liquidator on 18th December, 1998. No
 provision for diminution in the value of investment of 42,550 equity
 shares and an amount of Rs 10,97,791/- recoverable from them is made in
 the accounts.
 
 7.  The Company has certified that the Company does not have any
 related party as per the requirement of accounting standard 18 on
 Related Party Disclosure” issued by the Institute of Chartered
 Accountants of India.
 
 Principal Segments
 
 The Company''s operations mainly relate to manufacture of Nylon Fish
 Knitted Fabrics and providing ship repair services. Accordingly,
 revenues segmental information set out above.
 
 Segmental Capital Employed
 
 Fixed Assets and Liabilities pertain to fishnet division of the
 Company. Accordingly, no disclosure relating to total segment assets
 and liabilities have been made.
 
 Note : Earnings per share is calculated by dividing the profit
 attributable to the equity shareholders by the weighted average number
 of equity shares outstanding during the Year.
 
 8.  The Revised Schedule VI has become effective from April 1, 2011
 for the preparation of financial statement. This has significantly
 impacted the disclosure and presentation made in the financial
 statements. Previous year''s figures have accordingly been regrouped /
 reclassified, to correspond with the current year''s classification /
 disclosure.