1. Estimated amount of contract remaining to be executed on account of
 Technical Know-How not provided for Rs. 1,51,17,600/- (Previous Year
 Rs. 1,46,78,400/-) and on account of Capital Expenditure Rs. 2,00,000/-
 (Previous Year Rs. 2,00,000/-)
 
 2.  Contigent Liabilities in respect of the following:
 
                                       31.03.2011       31.03.2010
 
                                              Rs.              Rs.
 
 i) Letters of credit opened by the 
 bankers of the Company in favour of
 third parties                          98,15,255        81,80,222
 
 ii) Guarantee given by the banks to 
 the third parties on behalf of the
 Company                              5,33,56,691      6,38,81,068
 
 iii) Claims of Excise disputed 
 by the Company                         14,77,875        14,77,875
 
 iv) Claims of ESIC disputed by 
 the Company                            14,72,936        14,72,936 
 
 v) Claims of Income Tax disputed by 
 the Company                            10,86,630                -
 
 vi) Non-performance of Export 
 obligation                              4,95,712         4,95,712
 
 3.  Employee Benefits:
 
 Consequent upon adoption of Accounting Standard on Employee Benefits
 (AS 15) (Revised 2005) issued by the Institute of Chartered Accountants
 of India, as required by the Standard, the following disclosures are
 made.
 
 4.  Sundry debtors over six months comprise Rs. 508.03 lacs (Previous
 year Rs. 276.86 lacs) due from Government concerns and Rs. 86.54 lacs
 (Previous year Rs. 52.68 lacs) due from commercial parties.
 
 5.  In the opinion of the Management, the current assets, loans and
 advances are approximately of the values stated if realised in the
 ordinary course of business and all provisions for laibilities are
 adequate and not in excess of the amount considered necessary.
 
 6.  In view of the deductions available under section 80 IC of the
 Income Tax Act, 1961 to the Company, provision for Income Tax of Rs.
 2,34,00,000/- has been computed on the basis of Minimum Alternative Tax
 (MAT) in accordance with section 115JB of the Income Tax Act, 1961.
 Considering the future profitability and taxable positions in the
 subsequent years, the Company has recognised MAT Credit Entitlement of
 Rs.54,00,000/- as an asset by crediting the Profit & Loss Account for
 an equal amount and disclosed the same under the head Loans and
 Advances in accordance with the Guidance Note on Accounting for Credit
 available in respect of Minimum Alternative Tax under the Income Tax
 Act, 1961 issued by the Institute of Chartered Accountants of India.
 
 7.  In the opinion of the Management, no provision is required against
 contingent liabilities referred in Note No. 4 of this schedule.
 
 8.  Balances of debtors and creditors are subject to confirmation.
 
 9.  Sundry Creditors of Rs. 15,46,05,179/- (Previous Year Rs.
 9,42,99,458/-), includes Rs. 58,08,297/- (Previous Year Rs.
 15,34,709/-) payable to Micro, Small and Medium Enterprises.
 
 Based on the information available with the Company there are no
 overdue amount payable to suppliers covered under the Micro, Small and
 Medium Enterprises Development Act, 2006.
 
 10.  The recurring expenditure of Rs. 19.97 lacs ( Previous year Rs.
 39.45 lacs) spent in respect of Research and Development during the
 year have been debited to respective expense account.
 
 11.  At each balance sheet date, the management reviews the carrying
 amounts of its assets included in each cash generating unit to
 determine whether there is any indication that those assets were
 impaired. However, in the opinion of the management, there is no
 impairment of assets as on the balance sheet date.
 
 12. Segment Information :
 
 The Company has identified its Business Segments as its Primary
 Segments comprising of Electronic Components and Equipments.
 
 13. Related Party Disclosure Under Accounting Standard - 18 :
 
 The disclosure of transactions with the related parties as defined in
 the accounting standard are given below : I) List of related parties
 with whom transactions have taken place and relationship :
 
 Sr. 
 No.  Name of the Related Party Relationship
 
 i.  Shri. S.K.Nevatia Key Management Personnel
 
 ii.  Smt. Uma Nevatia Key Management Personnel
 
 iii.  Shri. Saurabh Nevatia Relative of Key Management Personnel
 
 iv.  Smt. Surabhi Golyan Relative of Key Management Personnel
 
 v.  Shri. Bharat Swaroop Relative of Key Management Personnel
 
 14. Previous years figures have been reclassified and regrouped
 wherever necessary.