1a Rights Preference and restrictions attached to the equity shares
 
 The equity shares of the company having par value of Rs.5, per share,
 rank pari passu in ail respects including voting rights and entitlement
 to dividend and share in the company residual asset.
 
 a.  Secured loans are covered by
 
 Term Loan including current maturities are secured by First charge on
 all the company''s movable and immovable assets, both present and future
 subject to prior charge on specified movable assets created for working
 capital requirements.
 
 Term loan is additionally secured by the personal guaranteed of three
 promoter Directors of the Company Vehicle loans including current
 maturities are secured by hypothecation of vehicle against which such
 loan has been taken.
 
 b.  Repayments terms of outstanding long term borrowings
 
 Vehicle loans are repayable in equal monthly installments over a term
 of 3 years
 
 1 In the opinion of the Board, all assets other than fixed assets and
 non current investments, have a realisable value in the oridinary
 course of business which is not different from the amount at which it
 is stated.
 
 2. The revised schedule VI as notified under the Companies Act, 1956,
 has become applicable to the Company for presentation of its financial
 statements for the year ending 31st March, 2012. The adoption of the
 revised Schedule VI requirements has significantly modified the
 presentation and disclosure which have been complied with in these
 financial statements.  Previous year figures have been reclassified in
 accordance with the current year requirement.
 
 3 Contingent liabilities and commitments
 
 Particulars                                    As at 31      As at 31
                                             March, 2012   March, 2011
                                                  Rs.            Rs.
 
 (i) Contingent Liabilities
 
 (a) Claims against the company not 
 acknowledged as debt
 
 Demand for entry tax against which the 
 Company has preferred an appeal                 330,000       330,000
 
 Demand for return of Services Tax refund 
 received against the company has
 filed an appeal                                 487,058
 
 (b) Liabilities on account of unexpired 
 letter of credit                             13,406,416     3,900,496
 
 (c) Pending outcome of legal and other 
 claims filed by the company, additional 
 Liabilities that may arise in this respect
 on final settlement is currently not 
 ascertainable and has accordingly not 
 provided for                                 14,223,474     4,230,496
 
 4 The Company''s appeal before CESTAT for rejection of refund claim of
 cenvat credit of service tax amounting to Rs.2,47,773/- (previous year
 Rs.2,47,773/-) for the period from 01.01.2005 to 31.03.2006 has been
 decided in company''s favour. However while granting refund an amount of
 Rs.239726/- has been rejected against which a fresh appeal has been
 filed with CESTST, Bangalore. Also out of the refund claim of
 Rs.11,07,720/- (Previous Year 428212/-) for the period from April 2009
 to March 2011, Rs.674575/- (Previous Year 158573/ -) has been rejected
 against which company has filed an appeal except for Rs.2435/- for
 which Company has decided not to file an appeal as filing an appeal
 will cost more than the claim amount involved. Claim received during
 the year for period prior to 01.04.2009 amounting to Rs.8047/-
 (previous year Rs.48611/-) has been credited under other income in
 Profit & Loss Account.
 
 5. In the absence of necessary information relating to the suppliers
 registered as Micro, Small and Medium enterprises under the Micro,
 Small and Medium Enterprises (Development) Act, 2006, the Company has
 not been able to identify such suppliers and the information required
 under the said Act could not be compiled and disclosed.
 
 Since fair value of plan assets is more than the present value of
 obligations no liability/assets or profit/loss has been recoganised in
 the Balance Sheet and Profit & Loss Account.
 
 a.  Premium paid for the year amounting to Rs.512405/- (Previous year
 Rs.300773/-) has been debited to the Profit & Loss Account under
 Payments to & for employees.
 
 b.  The Plan assets of the company are managed by Life Insurance
 Corporation of India and the composition of investments relating to
 these assets is not available with company.
 
 6.  The company does not have more than one reportable segment in
 terms of Accounting Standard - 17 Segment Reporting.
 
 7.  Balances of Sundry Creditors, Sundry Debtors, Advances & dues
 against term loan are subject to confirmation.
 
 8.  As required by Accounting Standard AS-22 on accounting for Taxes
 on Income, no deferred tax liability / asset has been computed because
 there is no reasonable certainty that sufficient future taxable profits
 will be available.
 
 9.  There is no impairment loss on any assets in terms of AS-28 issued
 by the Institute of Chartered Accountants of India.