a Details of security for secured loans
 
 1 Rs. 2,150,000 secured loan from bank of working Capital Term loan
 Secured by first charge by way of Hypothecation of Plant & Machinery &
 other movable fixed assets of the company and further secured by first
 charge immovable properties of the company by way of Equitable Mortgage
 by deposit of Title Deeds and personally guaranteed by the Directors of
 the Company The Term Loan Carries Interest @ 17.25 % p.a.(Floating)
 payable on monthly basis The installments are also payable at each
 month end
 
 2 Rs. 32,96,111 Long Term Maturities of finance lease Obligations
 Secured by Hypothecation of vehicles under hire purchase agreement
 
 The Interest on Finance lease are @ 15% p.a.(Average) payable on
 monthly basis.  The installments are also payable at each month end
 
 a Details of security for secured loans
 
 1 Rs. 4,62,48,469 (P.Y. Rs. 3,36,75,657) includes working Capital Term
 loan of Rs. 49,00,000 (P.Y. Rs. 78,50,000) from bank along with of
 working Capital facilities from Bank Secured by first charge by way of
 Hypothecation of Plant & Machinery & other movable fixed assets of the
 company and further secured by first charge immovable properties of the
 company by way of Equitable Mortgage by deposit of Title Deeds and
 personally guaranteed by the Directors of the Company The Working
 Capital facilities carry Interest @ 16.75 % p.a. (Floating) Payable on
 monthly basis
 
 2 Rs. 16,69,419 (P. Y. Rs. 7,88,201) secured loan from finance
 companies Secured by Hypothecation of vehicles under hire purchase
 agreement
 
 1.1 CONTINGENT LIABILITIES AND COMMITMENTS:
 
 (to the extent not provided for) 
 
 a) Contingent Liabilities:
 
 i) Claims against the Company not acknowledged as debts
 
 ii) Guarantees (Bank)                               307,000    100,000
 
 iii) Letters of credit                           37,927,988 35,376,669
 
 iv) Tax demands under disputes
 
 v) Other monies for which company is contingently liable The management
 believes, based on internal assessment and / or legal advice, that the
 probability of an ultimate adverse decision and outflow of resources of
 the Company is not probable and accordingly, no provision for the same
 is considered necessary.