1.  Disclosures under Accounting Standards
 
 i) Segment Reporting :
 
 Business segment has been considered as the primary segment and
 geographical segment has been considered as the secondary segment.
 Automation & Control system being the only business segment constitute
 one single primary segment in the context of Accounting Standard -17 on
 Segment Reporting , as specified in the Companies (Accounting Standard
 ) Rules, 2006.
 
 ii) Related Party Disclosures :
 
 List of related parties (as identified and certified by the Management)
 
 (i) Parties where control exists :
 
 Honeywell Asia-Pacific Inc., Holding Company
 Honeywell International Inc., Ultimate Holding Company
 
 Other related parties with whom transactions have taken place during
 the year:
 
 (ii) Fellow subsidiaries
 
 Cara CAir B.V.                     Honeywell NEI Division
 
 Clarostat de Mexico, 
 S. de R.L. de C.V.                  Honeywell Optoelectronica, 
                                     S.A. de C.V.
 
 Comfort Cooling PLC                 Honeywell Otomasyon ve
                                     Kontrol Sistemleri
 
 Elmwood Sensors Limited             Sanayi ve Ticaret A.S.
 
 Honeywell (China) Co., Ltd.         Honeywell OY
 
 Honeywell Ecc (Tianjin) Limited     Honeywell P3 Global It Solutions
 
 Honeywell A.B.                      Honeywell Pte. Ltd
 
 Honeywell A/S (Denmark)             Honeywell S.A. (France)
 
                                     Honeywell S.A. (Belgium)
 
 Honeywell A/S (Norway)               
 
 Honeywell AG (Switzerland)          Honeywell S.p.A.
 
                                     Honeywell Safety Management 
                                     Systems B.V.
 Honeywell Airport Systems GmbH
 
                                     Honeywell Security & Custom 
                                     Electronics
 Honeywell Analytics AG
 
                                     Honeywell Services, S.A. de C.V.
 Honeywell ASC Inc.
 
                                     Honeywell Southern Africa 
                                     (Proprietary) Limited
 Honeywell Austria Gesellschaft GmbH  
 
                                     Honeywell Sp.z o.o.
 Honeywell Automation and Control 
 Solutions Sari
 
                                     Honeywell spol, sro
 Honeywell B.V.
 
                                     Honeywell Systems (Thailand) 
                                     Limited
 Honeywell CentraBuerkle AG
 
                                     Honeywell Taiwan Limited
 Honeywell Co., Ltd. (Korea)
 
                                     Honeywell Technology Solutions
                                     Lab Private Limited
 Honeywell Control Systems Limited
 
                                     Honeywell Tecnologia y Seguridad, 
                                     S.A.
 Honeywell Egypt Ltd
                                     Honeywell, C.A.
 Honeywell Engineering SDN. BHD.     Honeywell-Measurex (Ireland) 
                                     Limited (Trading Branch)
 Honeywell Facility Management GmbH
 
                                      Petrocom
 Honeywell GmbH                       
 
                                     Pittway Systems Technology
                                     Group Europe Limited
 Honeywell Hi-Spec Solutions Limited
 
                                     Satronic AG
 Honeywell Holdings Pty. Ltd.     
 
                                     Shanghai C&K Technology Co. Ltd.
 
 Honeywell Inc. - Puerto Rico
  (Not in Law DB)            
 
                                    Novar Controls
 Honeywell International (India) 
 P. Ltd                                
 
                                    Trend Control systems Limited
 Honeywell International Asia 
 Pacific Inc.                    
 
                                    Honeywell Electrical Devices 
                                    & Systems India Ltd.
 Honeywell K.K.                     (Novar |ndia Limited)
 
 Honeywell Limited                  Honeywell Investment India
                                    Private Limited
 
 Honeywell Limited (Hong Kong)      Honeywell Kuwait KSC
 
 Honeywell Middle East B.V.         Honeywell Turki Arabia Limited
 
 (iii) Key Management Personnel
 
 Mr. Vimal Kapur, Managing Director up to March 1, 2010
 
 Mr. Anant Maheshwari, Managing Director from March 1, 2010
 
 2.  a) Estimated amount of contracts remaining to be executed on
 capital accounts and not provided for (net of advances) - Rs. 13,723
 (000) [Previous Year Rs.48,599 (000)].
 
 3.  Vehicle loans were secured by hypothecation of vehicles.
 
 4.  Provision for taxation has been made after considering the various
 allowances/deductions available and after excluding profits derived
 from undertaking registered with Software Technology Parks of India
 under section 10A and unit registered under Special Economic Zone under
 Section 10AA of the Income Tax Act, 1961.
 
 5.  Interest includes interest on fixed loans Rs.86 (000) [Previous
 Year Rs.2,853 (000)] and others Rs. 757 (000) [Previous Year Rs.3,283
 (000)].
 
 6.  Contingent Liabilities                       (Rs.000)
 
                                            December      December 
                                            31,2010       31,2009
 
 a)Income tax claims against the Company    773,014       420,176
 
 b) Excise duty claims against the Company    1,475         1,475
 
 c) Sales tax refunds/claims against 
     the Company                             42,283       173,992
 
 d) Customs duty claims against the Company   3,553         3,553
 
 Note:
 
 Bank Guarantees given to customers against performance/advance Rs.
 2,803,187 (000) [Previous Year Rs. 2,387,223 (000)].
 
 7.  The current year charge for Corporate Overhead Allocation includes
 Rs. 105,200 (000) (Previous Year Rs. NIL) in respect of services
 rendered in previous year.
 
 8.  Prior year comparatives have been re-grouped, re-classified to
 conform to the current year presentation, wherever applicable.