Note 1(A)
 
 1 Previous year''s figures have been regrouped, re-arranged, re-casted
 wherever necessary to make them comparable with those of the current
 year.
 
 2 Surplus of Rs 14.79 Lacs (Previous year ofRs 1,12.29 Lacs) & deficits
 of Rs 0.08 Lacs (Previous year surplus ofRs  1.82 Lacs) being the impact
 of foreign exchange fluctuation has been included in the Turnover and
 Purchase of Stores, Spares & Machinery respectively.
 
 3 There are no Micro and Small Enterprise, to whom company owes dues,
 which are outstanding for more than 45 days as at 31st March, 2012.
 This information as required to be disclosed under the Micro, Small and
 Medium Enterprise Development Act (MSMED Act), 2006 has been determined
 to the extent such parties have been indentified on the basis of
 information available with the company.
 
 4 Operating Lease:
 
 As Lessee : Lease rental of Rs1,22.48 lacs (Previous year ,53.13 Lacs)
 charged to revenue for right to use leasehold assets like gas based
 power generating equipments & waste heat recovery equipment. The
 agreement was executed for a period of 260 weeks which was terminated
 during the year.
 
 5(b) In respect of liability of leave encashment up to 31.12.2011 the
 company has obtained actuarial valuation and has provided forRs33.42
 Lacs in the books.
 
 6 In respect of appeal filed by the company in Income Tax appellate
 tribunal regarding the treatment of receipt of Capital Compensation of
 Rs12,53.00 lacs which the company has claimed as exempt has been decided
 in favour of the Revenue treating the receipt as “Business Income”.
 However, the company has already paid the entire tax ofRs 3,84.00 lacs
 in respective year. The company has preferred appeal in Gujarat High
 Court against the impugned order ofthe ITAT. The company has been
 legally advised that it has a good case in appeal and hence no
 provision thereof has been made in the accounts.
 
 7 In terms of Accounting Standard 28 - Impairment of Assets issued by
 ICAI, the management has reviewed its fixed Assets and arrived at the
 conclusion that Impairment loss which is difference between the
 carrying amount and recoverable value of Assets, was not material and
 hence no provision is required to be made.
 
 8 The Sales Tax Assessments of the company are completed up to
 accounting year 2007-2008.
 
 9 Disclosure in respect of related parties pursuant to Accounting
 Standard 18;
 
 A. List of Related parties:
 
 1) Parties where Control Exists : —
 
 2) Other parties with whom company entered into transactions during the
 year
 
 i) Joint Ventures : —
 
 ii) Associates : SCIL Capital India Ltd.
 
 3) Key Management Personnel and Enterprises having common Key
 Management Pers::r,no! or their Relatives
 
 Key Management Personnel:
 
 Mr. Viren C. Mirani - Managing Director
 
 Enterprises having common Key Management Personnel and/or their
 Relatives:
 
 1) KVS Software Pvt. Ltd.
 
 2) Khimji Visram & Sons (Guj) Pvt. Ltd.
 
 3) Olive Finance & Investment P. Ltd.
 
 4) Khimji Visram & Sons (Partnership Firm)
 
 5) Khimji Visram & Sons (Commission Dept) (Partnership Firm)
 
 6) Khimji Visram & Company. (Partnership Firm)
 
 7) S.E. International
 
 8) K.V. Logistics Pvt. Ltd.
 
 9) K.V. Cotton Ginning & Pressing Co. Pvt. Ltd.
 
 Relatives of Key Management Personnel:
 
 Mr. NayanC. Mirani, Brotherof Mr. VirenC. Mirani
 
 10.  The company has entered into forward exchange contracts / options
 which are not intended for trading or speculative purposes, but for
 hedge purposes to establish the amount of reporting currency required
 or available at the settlement date of certain payables and
 receivables.