1 CONTINGENT LIABILITIES AND COMMITMENTS
 
                                         31.03.2012     31.03.2011
 
 (I) Contingent Liabilities
 
 (A) Claims against the Company, 
 not acknowledged as debts
 
 Income Tax                               143244445      6532306
 
 Sales Tax                                  6721845      4234344
 
 The Income tax Assessment of the Company have been completed upto
 Assessment Year 2009 - 2010. A disputed demand of Rs.139870903 has been
 related A.Y. 2008 - 2009 & 2009 - 2010 on the basis of apparent errors
 in the order the Company has been legally adviced that demand is likely
 to be deleted by appropriate authorities and accordingly no provision
 is required to be made.