1.  In the opinion of the Management, the current assets and other
 non-current assets have a value on realization in the ordinary course
 of business, at least equal to the amount at which they are stated in
 the Balance Sheet. Provision for all known liabilities is adequate and
 not in excess of what is required.
 
 2. Contingent Liabilities not provided in respect of:
 
 Particulars                      Current Year   Previous Year
                                  Rs in Lacs     Rs in Lacs
 
 Disputed Income tax Demand         91.49           91.46
 
 Total                              91.49           91.46 
 
 
 4.  Provision for Standard Assets is made at 0.25 per cent of the
 outstanding standard assets as at 31st March, 2012 in terms of
 Notification no.DNBS.222/CGM(US)-2011 dated 17-01-2011 issued by
 Reserve Bank of India.
 
 5.  The Company has not received any intimation from suppliers
 regarding their status under the Micro, Small and Medium Enterprises
 Development Act, 2006 and hence disclosures, if any, relating to
 amounts unpaid as at the year end together with interest paid/ payable
 as required under the said act have not been given.
 
 6.  Gratuity (Non-Funded):
 
 The Company has a defined benefit gratuity plan. Every employee who has
 completed five years or more of service gets a gratuity on departure at
 15 days salary (last drawn salary) for each completed year of service.
 
 The following tables summarize the components of net benefit expense
 recognised in the Statement of Profit and Loss and the funded status
 and amounts recognised in the balance sheet.
 
 7.  Segment Reporting:
 
 Based on guiding principles given in Accounting Standard - 17
 ''Segment Reporting'', issued by the Institute of Chartered
 Accountants of India, the Company''s primary business segment is
 Investing & Financing. These activities mainly have similar risks and
 returns. As company''s business activities fall within a single
 primary business segment the disclosure requirements of AS-17 in this
 regard are not applicable.
 
 8.  Related Party Disclosures, as required by Accounting Standard (AS)
 18:
 
 a) Name of Parties :
 
 i) Associates:
 
 JSW Steel Ltd.
 
 Sun Investments Pvt. Ltd.
 
 Jindal Coated Steel Pvt. Ltd.
 
 Jindal Overseas Pte. Ltd.
 
 JSW Holdings Employees Welfare Trust
 
 ii) Key Management Personnel:
 
 Mr. K N Patel
 
 9.  The additional Information pursuant to revised Schedule VI to the
 Companies Act, 1956 are either Nil or Not Applicable.
 
 10.  The financial statements for the year ended 31st March, 2011 were
 prepared as per then applicable, pre-revised Schedule VI to the
 Companies Act, 1956. Consequent to the notification of Revised Schedule
 VI under the Companies Act, 1956, the financial statements for the year
 ended 31st March, 2012 are prepared in compliance with the Revised
 Schedule VI.  Accordingly, the previous year figures have also been
 reclassified/regrouped of conform to current year''s classification.
 The adoption of Revised Schedule VI for previous year figures does not
 impact recognition and measurement principles followed for preparation
 of the financial statements. .
 
 Notes:
 
 1.  As defined in Paragraph 2(1)(xii) of the Non-Banking Financial
 Companies Acceptance of Public Deposits (Reserve Bank) Directions,
 1998.
 
 2.  Provisioning norms as prescribed in the Non-Banking Financial (Non-
 Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank)
 Directions, 2007 have been followed.
 
 3.  All Accounting Standards and Guidance Notes issued by ICAI are
 applicable including for valuation of investments and other assets as
 also assets acquired in satisfaction of debt. However, market value in
 respect of quoted investments and break up/fair value/NAV In respect of
 unquoted investments are disclosed irrespective of whether they are
 classified as long term or current in (4) above.