Kalindee Rail Nirman (Engineers)

1.  Pursuant to the terms of issue of USD 7,000,000 0.5% Unsecured
 Foreign Currency Convertible Bonds due 2012 , the redemption premium
 thereon shall be accounted for at the time of redemption.
 
 2.  Additional liability (if any) for taxes, duties under direct and
 indirect taxes as well as deposits thereof are made under protest and
 income of refunds for pending assessments / appeals / revisions /
 reference as well as financial effect for pending court cases of claims
 are accounted for at the time of final settlement/decision.
 
 3.  Contingent Liabilities:
 
 (a) Claims against Company to be acknowledged as Debts.  - Nil
 
 (b) Uncalled liability on share partly paid - Nil
 
 (c) Arrear for fixed cumulative dividend.  - Nil
 
 (d) Contracts remaining to be executed on capital account, which are
 not provided for.  - Nil
 
 (e) The contingent liabilities towards Guarantees given to Railways &
 other Customer for Rs 4933.42 lacs by State Bank of India, New Delhi;
 Rs.4184.48 Lacs from State Bank of Patiala, New Delhi and Rs 1105.71
 lacs by Yes Bank Ltd (Previous year Rs.4840.84 Lacs by State Bank of
 India, New Delhi and Rs 3249.01 lacs State Bank of Patiala, New Delhi
 and Nil Yes Bank New Delhi) against which company has provided part
 security by way of its Term Deposits.
 
 4.  In the opinion of Board of Directors, value on realisation of
 current assets, loans and Advances in the ordinary course of business,
 will not be less than the value of which they are stated in the Balance
 Sheet.