1. Secured Loans
 
 a) Term Loan from State Bank of Hyderabad is secured by
 
 i) Hypothecation of plant and machinery acquired out of the said loan.
 
 ii) Hypothecation against first charge on all unencumbered fixed assets
 of the company both present and future.
 
 iii) Equitable Mortgage of immovable property of Trinity Infraventures
 Limited (formerly known as Goldstone Exports Limited)
 
 iv) Corporate Guarantees of Trinity Infraventures Limited (formerly
 known as Goldstone Exports Limited)
 
 v) Personal guarantee of a promoter director of the company.
 
 b) Term Loan from Technology Development Board is secured by
 
 i) Hypothecation of fixed assets acquired out of the said loan.
 
 ii) Corporate Guarantees of Trinity Infraventures Limited (formerly
 known as Goldstone Exports Limited.)
 
 iii) Personal guarantee of a promoter director of the company.
 
 c) Working Capital Facilities from State Bank of Hyderabad are secured
 by
 
 i) Hypothecation against first charge on Current Assets of the company
 both present and future.
 
 ii) Equitable Mortgage of immovable property of Trinity Infraventures
 Limited (formerly known as Goldstone Exports Limited)
 
 iii) Corporate Guarantee given by Trinity Infraventures Limited
 (formerly known as Goldstone Exports Limited) for above loan.
 
 iv) Personal guarantee of a promoter director of the company.
 
 d) Vehicles loans availed are secured by hypothecation of vehicles
 acquired out of the said loans.
 
 2.  Unsecured Loan
 
 The Company has availed Sales Tax deferment of Rs. Nil during the year
 (Previous Year : Rs. 9,56,849/-). During this financial year the
 company has started repayment of Deferment and paid an amount of Rs.
 38,51,285/-.
 
 3.  Confirmation of Balances with Sundry Debtors and Sundry Creditors
 Company has taken necessary steps to get the confirmation of balances
 from the parties.
 
 4.  Investments:
 
 Company has invested Rs. 6.00 Cr in TF Solar Power Pvt Limited towards
 Equity Share Capital and allotted 60,00,000 shares @ Rs. 10/- each on
 14.04.2010.
 
 Company has acquired 10000 Shares of TF Solar Power Pvt Ltd from its
 Promoters on payment of Rs. 1,00,000/-.
 
 Defined contribution plan
 
 During year ended March 31, 2011, the Group contributed Rs.
 17,22,754/-.to provident fund.
 
 Discount Rate:
 
 The discount rate is based on the prevailing market yields of Indian
 government securities as at the balance sheet date for estimated term
 of the obligations.
 
 Expected Rate of Return on Plan Assets:
 
 This is based on our expectation of the average long term rate of
 return expected on investments of the Fund during the estimated term of
 the obligations.
 
 Salary Escalation Rate:
 
 The estimates of future salary increases considered takes into account
 the inflation, seniority, promotion and other relevant factors
 
 5.  Segment Reporting ( AS - 17 )
 
 Since the Company Operate in one segment – Composite Polymer Insulators
 , segment reporting as required under Accounting Standard – 17 is not
 disclosed here separately.
 
 6.  Deferred Tax Assets & Liabilities ( AS - 22 )
 
 In accordance with Accounting Standard 22 ( AS 22) issued by the ICAI,
 the Company has accounted for deferred income tax during the year. The
 deferred income tax provision for the current year amounting to the Rs.
 51,93,811/- towards deferred Income Tax Liability. ( Previous year Rs.
 40,68,065/- towards Deferred Tax Liability )
 
 7.Impairment of Assets (AS - 28)
 
 There is no impairment Loss on any assets that has occurred in terms of
 AS 28.
 
 8.Prior Period Adjustments: (AS-4)
 
 Prior period adjustment of Rs. 1,10,116/- (Previous year 6,53,208/-)
 shown in the Profit and Loss account is the net amount of the debits
 and credits pertaining to previous years, which were not provided
 during those periods.
 
 9.Contingent Liabilities not provided for
 
 a) Letter of credit - Rs. 403.97 lakhs (Previous year: Rs. 263.34
 lakhs)
 
 b) Bank Guarantees - Rs. 1166.21 lakhs (Previous year: Rs. 955.37
 lakhs)
 
 c) Commitments on capital contracts remaining to be executed Rs. 350
 lakhs ( Previous year: Rs. 25.00 lakhs)
 
 d) Un-claimed dividend amount for the years 2006-07, 2007-08,2008-2009
 and 2009-2010 is lying in the Dividend Account at ,ICICI & Axis Bank
 for an amount of Rs. 2,07,645.60, Rs. 2,25,440.00 Rs. 2,21,975.00 and
 Rs. 1,34,205.00 respectively
 
 10.During the year company has not made any provision for Intangible
 Assets - Goodwill.
 
 11.Figures have been rounded off to the nearest rupee.
 
 12.Previous year''s figures have been regrouped / rearranged wherever
 necessary.