Contingent liabilities not provided for in respect of:
 
 a) Claims against the Company (excluding those, liability whereof is
 not ascertainable), not acknowledgedas debts:
 
 i) Demand for excess rent Rs.7,98,48,488 (Previous Year Rs.7,89,48,488)
 by National Textile Corporation Limited (NTC). 
 
 The Bombay High Court vide its order dated 15.07.2009, has stayed the
 proceedings initiated by the Estate Officer of NTC till the final
 disposal of the petition filed by the Company.
 
 ii) Demand of Thane District Central Co-operative Bank Limited for
 recovery of loan outstanding from ex-workmen Rs. 17,50,000 (Previous
 Year Rs.17,50,000) against which equivalent amount of Bank guarantee
 has been provided by the Company.
 
 iii) Other matter spending for disposal in Bombay High Court
 Rs.5,88,734 (Previous YearRs.5,88,734)
 
 b) Disputed Income-tax / Wealth tax / Custom Duty demands under appeal
 excluding interest liability, if any, as may arise on conclusion of the
 following matters:
 
 i) Demand of disputed Wealth-tax Rs.43,04,480 (Previous Year
 Rs.43,04,480).  ii) Demand of disputed Income-tax Rs.3,49,58,777
 (Previous YearRs.3,49,58,777).  iii) Custom Duty matters estimated at
 Rs.4,00,000 (Previous Year Rs.4,00,000).
 
 c) Interest on certain intercorporate deposits Rs.1,10,70,000 (Previous
 Year Rs.1,03,35,000).
 
 2.  In terms of acquisition proceedings initiated by Thane Municipal
 Corporation, about 6827.35 sq. meters (previous year 6827.35 sq.
 meters) of the Companys land at Thane costing Rs.29,127 (Previous Year
 Rs.29,127) was acquired for the purpose of widening of municipal roads.
 Necessary accounting effect for the same and for the compensation to be
 received there against, in cash or in kind, will be given in the year
 in which the compensation amount is finally settled.
 
 3.  Conveyancing of Wadala leasehold land, sold in earlier years, in
 favour of M/s. Kalpak Development Corporation (purchaser)/ultimate
 acquirers is still pending in respect of part of the property.
 
 4.  There are no Micro, Small and Medium Enterprises to whom the
 Company owes dues as at 31st March, 2010. This disclosure, takes into
 account, only those creditors who have responded to the enquiries made
 by the Company for the purpose of determining its creditors who are
 Micro and Small Enterprises as defined under Micro, Small and Medium
 Enterprises Development Act, 2006. This has been relied upon by the
 Auditors.
 
 5.  RELATED PARTY DISCLOSURES 
 
 1.  (a) Parties where control exists
 
 (i) Wholly owned subsidiary        J.K. Helene Curtis Limited
 
 (ii) Parties under common central
 
 Raymond Limited                   J.K. Investors (Bombay) Limited
 
 Raymond Apparel Limited           Ring Plus Aqua Limited
 
 Pashmina Holdings Limited         Scissors Engineering Products Limited
 
 Everblue Apparel Limited          R & A Logistics Inc., USA
 
 Jaykayorg AG                      Raymond Zambaiti Private Limited
 
 J.K. (England) Limited            Raymond UCO Denim Private Limited
 
 Regency Texteis Portuguesa, 
 Limited                           GAS Apparel Pvt. Ltd.
 
 J.K. Files (India) Limited 
 (Hindustan                        UCO Fabrics Inc.
 
 Files Limited)                    UCO Sportswear International
 
 JK Talabot Limited                UCO Testatura
 
 Colorplus Fashions Limited        UCO Raymond Denim Holding NV
 
 Silver Spark Apparel Limited      Rayves Automotive Textiles Co. 
                                   Pvt. Ltd.
 
 Celebrations Apparel Limited      Rose Engineered Products India 
                                   Pvt. Ltd.
 
 P.T. Jakay Files Indonesia
 
 Silver Soaps Private Limited
 
 Radha Krshna Films Limited
 
 Raymond Woollen Outerwear Ltd.
 
 Note : During the year transactions were entered into only with Raymond
 Limited.
 
 (b) Associates / Joint Ventures 
      and others                        J.K. Ansell Limited
 
 (c) Key Managerial Personnel           Shri R.K. Ganeriwala
                                        (Whole-time Director)
 
 Note: Related parities are as identified by the Company and relied upon
 by the Auditors.
 
 6.  Loans and advances include Rs.Nil (Previous Year Rs.10,500) given
 to employees at concessional rate of interest of 5% per annum.
 
 7 Maximum amount outstanding during the year Rs.NIL (Previous Year
 Rs.35,500).
 
 8.  Deferred Tax Assets:
 
 As a matter of prudence, the management has not recognised deferred tax
 assets in respect of carried forward business losses of Rs.11,26,906
 (Previous year Rs.11,26,906).
 
 9.  Previous years figures have been regrouped/rearranged/recasted,
 wherever necessary, to conform to the current years presentation.