1.  In the opinion of the Board, the current assets, loans and advances
 are approximately of the value stated if realized in the ordinary
 course of business.  The provision for all the known liabilities is
 adequate.
 
 2.  Figures for the previous year have been regrouped, rearranged and
 recasted wherever necessary to make them comparable with the figures of
 the current year and in the financial statements; any discrepancies in
 any total and sum of the amounts listed are due to rounding off.
 
 3.  No managerial remuneration has been paid to any of its director,
 hence, no computation of managerial remuneration u/s. 349 of the
 Companies Act. 1956 is given.
 
 4.  Based on the information available with the company in response to
 the enquiries from all existing suppliers with whom company deals,
 there are no suppliers who are registered as micro, small or medium
 enterprises under The Micro, Small and Medium Enterprises Development
 Act,2006, as at 31.03.2010.
 
 5.  An accident of fire took place in August 1997 in one of the godowns
 where major raw materials of the Company were stored and the grass was
 burnt, the total loss due to fire was very high and the Company has put
 a claim of Rs. 227 lacs with the insurance company and the claim if any
 will be accounted for in the year in which it is settled by the
 insurance company.
 
 6.  Deferred taxation:
 
 In accordance with the Accounting Standard 22 Accounting for taxes on
 Income the Company has decided not to recognize the deferred tax
 assets, considering uncertainty of generation future taxable income to
 set off the accumulated losses, during the year.
 
 7.  Related Party Disclosure:
 
 (a) The control of the Company exists, by virtue of having sub^tamial
 interest (acquired through letter of offer), with Jyoti Bright Bar
 , which has been promoted by the persons acting in
 
 
 (b) Enterprises owned by the directors of the company:
 
 (i)      S. J. Impex (Proprietary concern of Shri Jitendra Mehta);
 (ii)      Ami Impex (Proprietary concern of Shri Deven Mehta);
 (iii)      Jyoti Bright Bar Private Limited (as per (a) above); and
 
 8.  The regular Income-Tax assessments of the company have been
 completed upto Assessment Year 2007-2008.
 
 9.  The segment reporting as per Accounting Standard 17 Segment
 Reporting is not applicable to the Company as the Companys operations
 are predominantly comprises of only one business segment- Services.
 
 10.  Contingent liabilities not provided for:
 
 a) Disputed Income Tax demands of Rs. Nil (Previous Year Rs. Nil) for
 certain disallowances raised by the Income Tax Authorities for
 Assessment Year 1998-99 against which the Company has preferred an
 appeal with the Appellate Authorities.
 
 b) Disputed Income Tax demands of Rs. Nil (Previous Year Rs. Nil) for
 certain disallowances raised by the Income Tax Authorities for
 Assessment Year 2002-03 against which the Company has preferred an
 appeal with the Appellate Authorities.
 
 c) Disputed Income Tax demands of Rs. 2,492/- (Previous Year Rs.
 2,492/-) for block assessment of Assessment Years 1996-97 to ^002-03
 against which the Company has preferred an appeal with the
 AppelteteTSLuiJaprities.
 
 However the Company has paid Rs.2492/-.
 
 V.  Generic names of principal products of Company (as per monetary
 terms)
 
 1.  Scented supari
 
 2.  Hill grass brooms
 
 3.  Brokerage and commission
 
 SIGNATURES TO SCHEDULES  1 TO  12  The Schedules referred to
 above form an integral part of the financial statements