1.  Contingent Liabilities not provided for in respect of:
 
 (As Certified by the Management)
 
 S.No.  Particulars                 Current Year     Previous Year
                                    (Rs. In Lacs)    (Rs. In Lacs)
 
 i)   Outstanding guarantees issued 
      by the banks Counter guaranteed 
      by the company                  656.33             887.59
 
 ii)  Estimated amount of contracts 
      remaining to be executed on 
      Capital                           NIL                NIL
      Account and not provided for 
      (net of advance)
 
 2.  The Company has given Bank Guarantee of Rs. 566.24 Lacs (P.Y. Rs.
 357.39 Lacs) against Bank''s Fixed Deposit Receipts towards Entry Tax
 Liability of Rs. 573.12 Lacs (P.Y. Rs. 399.40 Lacs) Under U.P.Vat Act
 as per the direction of Hon''ble Allahabad High Court. The Company has
 provided the liability towards Entry Tax of Rs. 573.12 Lacs (P.Y. Rs.
 399.40 Lacs) in the books of accounts.
 
 3.  Some of the debit and credit balance in personal accounts are
 subject to confirmation of the respective parties.
 
 4.  In the opinion of the Board, all the Current Assets, Loans &
 Advances have a value on realization which in the ordinary course of
 business shall at least be equal to the amount at which it is stated in
 the Balance Sheet. The provision for all known liabilities is adequate
 and is not in excess/short of the amount considered reasonably
 necessary.
 
 5.  The Company has not received any memorandum (as required to be
 filed by the suppliers with the notified authority under the Micro,
 Small and Medium Enterprises Development Act, 2006) claiming their
 status as on 31st March, 2011 as micro, small or medium enterprises.
 Consequently the amount paid/payable to these parties during the year
 is nil.
 
 6.  As per Accounting Standard (AS-18), the disclosures of transactions
 with related parties as defined in the Accounting Standard are given
 below:- (1) List of related parties where control exists and related
 parties with whom transactions have taken place and relationships:
 
 I) Holding Company NIL
 
 ii) Subsidiary Company NIL
 
 iii) Fellow Subsidiary NIL
 
 iv) Key Management Personnel
 
 Shri M. C. Garg (Chairman)
 
 Shri R. C. Garg (Director)
 
 Shri A. K. Garg (Director)
 
 Shri Anurag Agarwal (Independent Director)
 
 Shri Vijendra Kumar Tyagi (Independent Director)
 
 Shri Rahul Goel (Independent Director) v) Relatives of Key Management
 Personnel
 
 Shri Ram Agarwal (Nephew of Director)
 
 Shri Shyam Agarwal (Nephew of Director)
 
 Shri Manish Garg (Son of Director)
 
 Shri Rajeev Garg (Nephew of Director)
 
 Shri Nitin Garg (Son of Director)
 
 Shri Ashish Garg (Nephew of Director)
 
 Shri Umesh Garg (Son of Director)
 
 Shri Saras Garg (Nephew of Director)
 
 G) Other additional information required to be furnished under Sub
 Clause of paragraph 3, 4, 4A, 4C and 4D of part II of Schedule VI to
 the Companies Act, 1956 is either Nil or Not Applicable.
 
 7.  Previous year''s figure have been re-grouped, re-classified and
 rearranged, whenever considered necessary to conform to current year''s
 groupings and classifications.