1.  Estimated amount of contracts (net of advances) remaining to be
 executed on capital Account and not provided for RS. NIL. (Previous
 Years. NIL).
 
 2.  Contingent liabilities are not provided in the accounts in respect
 of the followings:-
 
                                                   (RS. in Million)
 
 Particulars                             Year Ended        Year Ended
 
                                         30.06.2011         30.06.2010
 
 a) Guarantees Given                         532.83             381.88
 
 b) Income Tax Demands ( A.Y. 2008-2009 )     19.77                NIL
 
 c) Claims Made against Company not 
 acknowledged as Debts                        14.58              18.83
 
 II.  Defind Benefits Plans:
 
 a.  Contribution to Gratuity Fund
 
 b.  The Company regularly contributes to the gratuity fund called the
 Industrial Meters Private Limited Gratuity Fund framed under the
 Payment of Gratuity Act, 1972, which is a defined benefit plan.
 
 2.  The Gross depreciation for the year amounting to Rs.40.58 million
 (Previous year Rs.36.36 million) from which has been deducted a sum of 
 Rs.1.33 million (Previous year Rs, 1.33 million) being the extra
 Depreciation arising on Revaluation of some of the Fixed Assets which
 has been drawn from Revaluation Reserve Account. The net charge to
 Profit & Loss Account towards depreciation for the year amounts to RS.
 39.25 million (Previous year Rs.35.03 million).
 
 3.  The Company has undertaken export & deemed exports of its products,
 by using indigenous raw materials. Against such exports the Company has
 received Quantity Based Advance Licenses entitling them to import
 certain raw materials at NIL customs Duty. The unutilized portion of
 these licenses amounting to ` 5.69 million (Previous year ` 1.57
 million) has been valued at prevailing Customs Duty rates as on 30th
 June, 2011 and taken credit in the books of accounts in accordance with
 the matching principle of accountancy.
 
 4.  The Company is primarily engaged in the business of Electrical
 Products like Power & Distribution Transformers, which together
 constitute a single Segment in accordance with the accounting standard
 on Segment Reporting (AS 17).  Therefore segment wise information as
 required by AS-17 on Segment Reporting is not applicable.
 
 5.  Provision for taxation has been made with reference to profit for
 the year ended 30th June, 2011 in accordance with provision of Income
 Tax Act, 1961 and rules framed there under. The Ultimate tax liability
 for the Assessment Year 2011- 2012 will be determined on the basis of
 total Income for the year ending on 31st March, 2011.
 
 6.  Based on the Information available with the company and relied
 upon by the auditors to the extent enterprises could be identified as
 Micro and Small, the following disclosure in respected of Medium and
 Small enterprises as defined under Micro, Small & Medium Enterprises
 Development Act, 2006 is as under.
 
 7.  The carrying amount of Assets does not exceeds the recoverable
 amount of Assets, hence no Provision is required to be made for
 impairment of assets as required under the Accounting
 Standard-28-Impairment of Assets.
 
 8.  Based on valuation report submitted by a professional valuer
 appointed for the purpose of valuing Factory free hold Land & Building
 at Kandivali works & building Head office, the same have been revalued
 as at 31st March, 1994 on current cost basis. The resultant increase in
 net book value on such revaluation amounting to RS.67.70 million was
 transferred to Revaluation Reserve account.
 
 9.  The Greater Bombay Co-operative Bank Ltd (GBCB) did not join the
 CDR Scheme which was considered and approved by other consortium
 bankers/ financial institution in the year 2004-05.
 
 GBCB did not work out on the revised repayment plan. Instead GBCB
 initiated the legal actions against the company. The company has filed
 petition u/s 391 of the Companies Act in the High court and the matter
 is pending in the court. However the company has provided interest in
 the books of accounts.
 
 10.  Related party Disclosure –
 
 A.  Associated & Other Parties :
 
 Raga Organics P. Ltd.  Universal Transformers Pvt.Ltd.
 
 Advance Transformers & Equipments Pvt. Ltd.  Shree Rasbihari Trading
 and Investments Pvt. Ltd.
 
 Shree Kishoriju Trading and Investments Pvt. Ltd.  Raj Exports Pvt.
 Ltd.
 
 Shree Rasbihari Electricals Pvt. Ltd.  Mangalam Laboratories Pvt. Ltd.
 
 Shree & Sons.  Ramniwas R Dhoot (HUF).
 
 B.  Key Management Personnel :
 
 i) Chairman : Shri Ramniwas R Dhoot
 
 ii) Managing Director : Shri Ajay R Dhoot
 
 iii) Jt .Managing Director : Shri Aaditya R Dhoot
 
 C.  Relatives of Key Management Personnel:
 
 i) Rajkumari R Dhoot ii) Smita A. Dhoot iii) Radhika A. Dhoot
 
 Note: The Lease Agreement is for 59 months but same is cancelable from
 2nd August 2010 after giving 90 days prior notice.
 
 11.  Corporate Debt Restructuring (CDR) cell has approved the
 recompense amount, towards interest liabilities amounting to Rs.443.50
 lacs for the Company to exit from CDR scheme. In this respect, the
 Company has received a letter dated 23rd July 2011 from CDR cell.
 Pursuant to the terms and conditions of the said letter,25% of the
 total amount to be paid in cash and balance 75% in the form of Equity
 Shares or 1% Cumulative Redeemable Preference Shares to the lender
 under CDR scheme, within three month from the decision of CDR EG.
 
 12.  During the year Company has written off Investment of Rs.12,000/- of
 Eco Media Infosystems Private Limited as Company has closed down its
 operations.
 
 13.  Previous Year''s figures have been regrouped and rearranged
 wherever necessary to make them comparable with the current year''s
 figures.