Hatsun Agro Products

a.Capital commitments and contigencies      As at         As at
                                             March 31    March 31
                                              2009         2009
  
 
 (i)    Estimated amount of contracts 
 remaining to be executed oncapital 
 account (net of capital advances) and 
 not provided for                             487,366      600,355
 
 (ii)   Claims made against the Company not
  acknowledged as debts in
 respect of sales tax and income tax matters   15,932       21,873                 
 Schedules Forming part of the Financial Statements
 
 (All amounts are in thousands of Indian Rupees unless otherwise stated)
 
 (iii) In respect of the Income tax assessment year 1996-1997, the
 Companys claim for deduction towards non- compete fees of Rs 40,000
 was disallowed by the Income tax Assessing Officer. The Commissioner of
 Income tax (Appeals) ruled in favour of the Company. However, the
 Income tax Appellate Tribunal has upheld the disallowance of the
 aforesaid expenditure and the Company has filed an appeal in the High
 Court of Judicature, Madras. Managements estimate of the tax impact of
 such disallowance is Rs.15,000 (including estimated interest but
 excluding penalties etc, if any). Based on the expert advice, the
 management believes that the Company has strong case and hence, no
 provision and consequential adjustments, if any for such disputed
 amount have been considered in the financial statements.
 
 b.  Export obligations
 
 The Company has imported certain items at concessional rates of customs
 duty under the Export Promotion Capital Goods Scheme (EPCG). As at the
 Balance Sheet date, total Export Obligations under the EPCG Scheme is
 USD 35,083,658 (March 31, 2008, USD 24,610,490) which is to be
 fulfilled over a period of eight years from the date of the licenses.
 As at March 31, 2009, the company has fulfilled Export Obligations
 amounting to USD 8,749,730 (March 31, 2008 USD 9,299,306) and has
 outstanding Export Obligation of USD 26,333,928 (March 31, 2008 USD
 15,311,184).
 
 Schedules Forming part of the Financial Statements
 
 (All amounts are in thousands of Indian Rupees unless otherwise stated)
 
 c.  Segment information
 
 The Companys operations predominantly relate to manufacture and sale
 of milk and milk products and others.  Accordingly business segments
 comprise the primary basis of segmental information set out in these
 financial statements. Secondary segment reporting is made on the basis
 of the geographical location of customers.  Business (primary) segments
 of the Company are:
 
 a) Milk and milk products; and
 
 b) Others
 
 1.  Name of the Subsidiary company
 
 Hatsun Ingredients FZE
 
 2.  Statement of holding companys interest in subsidiary company One
 equity share of Rs 10,00,000/- each
 
 As on March 31, 2009 100.00%
 
 3.  Financial year of the subsidiary ended on
 
 Year ended March 31, 2009
 
 4. Net aggregate amount of Profit/ Loss of the subsidiary as far as it
 concerns the holding company
 (Rs 996000)