1 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.
 
 2.  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 Customers for Rs. 98.32 crore, Euro 677,072.92, Taka 68,000,000 &
 $ 908,567 by State Bank of India, New Delhi; Rs. 68.24 crore from State
 Bank of Patiala, New Delhi; Rs. 13.78 crore by Yes Bank Ltd., New
 Delhi; Rs.19.02 crore by Axis Bank Ltd., New Delhi; Rs. 7.18 crore by
 The Royal Bank of Scotland N.V., New Delhi and Rs. 2.18 crore by HDFC
 Bank Ltd., New Delhi; Rs. 0.34 crore by Standard Chartered Bank, New
 Delhi (Previous year Rs. 61.40 crore by State Bank of India,
 
 New Delhi; Rs. 42.55 crore by State Bank of Patiala, New Delhi; Rs.
 0.63 crore by Yes Bank Ltd., New Delhi; Rs.10.44 crore by Axis Bank
 Ltd., New Delhi; Rs. 5.98 crore by The Royal Bank of Scotland N.V., New
 Delhi and Rs. 2.29 crore by HDFC Bank Ltd., New Delhi) against which
 Company has provided part security by way of cash margin.
 
 3. In the opinion of Board of Directors, value on realisation of
 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.
 
 4.  Gratuity:
 
 Company has obtained Actuarial Valuation in respect of Gratuity
 pursuant to AS-15 issued by ICAI, New Delhi.
 
 5.  Segment Reporting
 
 The company''s operations predominantly relates to construction as EPC
 contractors for railway sector and there is no segregated supply
 business.
 
 Accordingly during the current year, the financials of the company
 represent a single primary segment (railway construction work), and
 therefore there are no additional disclosures to be provided under
 Accounting Standard 17 Segment Reporting.
 
 6. Quantitative Detail
 
 The company is engaged as EPC contractors. Such activity cannot be
 expressed in any generic unit.Hence it is not possible to give the
 quantitative details of work executed as required under paragraphs 3,
 4C and 4D of part II of Schedule VI of the Companies Act, 1956.
 
 7.Deffered Taxation
 
 During the year, the company has accounted for Rs. 38.57 lacs [previous
 year Rs. 43.43 lacs] towards deffered tax liability and the same has
 been debited to Profit & Loss account of the current year.  Deffered
 Tax liability as on 01/04/2010 Rs. 146.33
 
 Add: Provision made during the year Rs.  38.57
 
 Total as on 31 March 2011 Rs. 184.90
 
 8.  The company has not received any information from the suppliers
 regarding there status under the Micro Small And Development Act 2006.
 Hence disclosure, if any, relating to the amount paid as at the year
 end together with interest payable/paid as required under the said act
 has not been furnished
 
 9.  Figures of previous year have been regrouped and rearranged
 wherever deemed necessary.