1) There being no dealings with the Micro, Small and Medium
 Enterprises, there are no out standings to such parties.
 
 2) The Company''s business activity falls within a single primary
 business segment. Viz finance and investments.
 
 As such there are no separate reportable Segments as per Accounting
 Standard 17.
 
 3) RELATED PARTY DISCLOSURES UNDER ACCOUNTING STANDARD 18.
 
 A. Related Parties:
 
 (i) Associate Companies
 
 Globe Industrial Valves (I) PvtLtd.
 
 Prabha Plantation Pvt. Ltd.
 
 Sim Prabha Estates and Trading Company Pvt. Ltd.
 
 (ii) Directors:
 
 Shri H.C.Shah Shri Shamji.M.Shah
 
 Shri Prabha M. Shah .
 
 Shri Ketan Moolchand Shah
 
 4) In accordance with accounting Standard -22 Accounting for taxes on
 income deferred Tax asset arising on account of brought forwarded losses
 and unabsorbed depreciation are presently not recognized for want of
 certainty of future taxable income being generated.
 
 5) Previous Year''s figures have been regrouped/rearranged, wherever
 necessary, for comparison and to comply with disclosure requirement as
 per Revised Schedule VI.