a) There are No ( Previous year - No) rights, preference and
 restriction attaching to each class of shares including restriction on
 the distribution of dividend and the repayment of capital.
 
 b) There are nil number of shares ( Previous year Nil) in respect of
 each class in the company held by its holding company or its ultimate
 holding company including shares held by or by subsidiary or associates
 of the holding company or the ultimate holding company in aggregate.
 
 d) There are nil number of shares ( Previous year Nil) reserved for
 issue under option and contracts/commitment for the sale of
 shares/disinvetment including the terms and amounts.
 
 f) There are no securities ( Previous year No) convertible into Equity/
 Preferential Shares.
 
 g) There are no calls unpaid ( Previous year No )including calls unpaid
 by Directors and Officers as on balance sheet date.
 
 The cost of various categories of inventory is determined as follows:
 
 1) Stock of Raw Materials and Packing Material : At cost Including
 Local Taxes ( Net of Setoff) or net realisable value whichever is lower
 
 2) Stock in Process : At cost or net realisable value, whichever is
 lower
 
 3) Stock of Finished Goods: At cost or net realisable value, whichever
 is lower
 
 4) Stock of Stores and Spares: At cost or net realisable value,
 whichever is lower
 
 5) Stock of Scrap: At net realisable value
 
 1.  Clarification regarding note pertaining to Transport Fee
 Liability mentioned in earlier years.
 
 The Company had, along with other manufacturers of Country Liquor and
 IMFL in the State of Maharashtra, filed a Writ Petition in the Hon''ble
 Bombay High Court challenging the applicability of Transport Fee
 under Bombay Rectified Spirit (Transport in Bond) Rules 1951.
 
 The Hon''ble Bombay high Court by its Order and Judgment dated 6th May,
 2011 had allowed the Writ Petitions and set aside the levy of Transport
 Fee under the said Rules. The Hon''ble Bombay High Court has also
 directed the Government of Maharashtra to Refund the Transport Fee
 Deposited pursuant to the Interim Order. The Government is yet to
 Refund the deposit of Transport Fee made by the Company.
 
 The State of Maharashtra has also filed a Special Leave Petition in the
 Hon''ble Supreme Court Of India against the said Order of the Bombay
 High Court which is pending for admission.
 
 2.  MVAT / Income Tax
 
 Under the MVAT Act in force from 1/4/2005 there is no procedure for
 assessment. The Company is filing monthly MVAT returns on regular basis
 and all dues have been paid as per the returns. The MVAT department of
 Government of Maharashtra has completed Audit of the company''s
 transactions up to the financial year 2009-10. The Company has also
 filed the audit report as required under the MVAT Act up to the year
 2011-12 and there are no dues payable under the provisions of the MVAT
 Act as on March 31, 2013.
 
 The company''s Income Tax assessment has been completed upto assessment
 year 2010-11 and the demands raised by the department has already been
 paid by the company.
 
 3.  State Excise
 
 As per practice consistently followed, State Excise duty payable on
 finished goods held in works is neither included in expenditure nor
 included in such stocks, but is accounted for on clearance of the
 goods. This accounting treatment has no impact on profits.
 
 4.  In the opinion of the Board of Directors, the Current Assets, Loans
 and Advances are approximately of the value stated if realised in the
 ordinary course of business. The provision for all known liabilities is
 adequate and not in excess of amount reasonably necessary.
 
 5.  The Company has not received complete intimation from all the
 vendors regarding their status as small-scale industrial undertaking.
 However, where the company has received the information regarding the
 status of the vendors there are no amounts outstanding for more than
 Rs.1,00,000/- for more than 30 days.
 
 6.  Additional information pursuant to paragraph 3,4(C) & 4(D) OF PART
 II to Schedule VI of the Companies Act, 1956 have been given to the
 extent applicable to the Company.
 
 Note: Packing and other materials consumed are not considered as Raw
 materials and hence no separate figures are given
 
 7.  During the year company has created deferred tax liability of Rs.
 32.38 lacs on account of different rates of depreciation as per Income
 Tax Act 1961 and depreciation as debited in books of accounts as per
 Company''s Act 1956.
 
 8.  Segment Reporting:
 
 The Company at present is engaged in the business of manufacture and
 sale of country liquor, which constitutes a single business segment. In
 view of above, primary and secondary reporting disclosures for
 business/ geographical segment as envisaged in AS -17 are not
 applicable to the Company.
 
 9.  The figures of the previous years have been regrouped / rearranged
 wherever necessary. The Figures or the previous years are given in
 brackets. The company has compiled the above accounts based on the
 revised/Modified schedule VI applicable for the accounting period
 2012-2013. The disclosure require- ments are made in the notes to
 accounts or by way of additional statements. The other disclosures as
 required by the Companies Act, are made in the notes to accounts.