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
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.
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.