1.  (i) Contingent liabilities not provided for in respect of :
 
 Stamp duty of Rs. 3,48,750/- on purchase of flat at hermitage villa.
 
 (ii) the Company has entered into the following deeds of Partnership
 for which liabilities are unlimited and amount not ascertained:
 
 (a) M/s. Kamanwala lakshachandi todays Construction
 
 (b) M/s. Kamanwala lakshachandi todays developers
 
 (c) M/s. Prajay Kamanwala developers
 
 2.  Additional information required under Schedule vi to the Companies
 act, 1956 (to the extent applicable):
 
 ii.  (a) Cost of materials Consumed (indigenous):
 
 (b) the value of consumption of construction materials have been
 arrived at on the basis of reconciliation of opening stock plus
 purchases less closing stock. the consumption, therefore, includes
 adjustments for shortages/excesses.
 
 (c) in view of a large number and types of materials involved, it has
 not been considered necessary to furnish separately the respective
 quantitative information for other materials.
 
 iv.  Transactions in foreign Currency:
 
 Foreign exchange expenses Rs. - NIl - (Rs. NIL) foreign exchange earned
 Rs. - NIL - (Rs. NIL)
 
 3.  RELATED PARTIES DISCLOSURES: 
 
 (a) list of related Parties:
 
 Associates:              Joint Venture:        key Management 
                                                personnel: 
 
 M/s attar Construction   M/s Kamanwala laksha  Mr. M.L. Gupta 
 Co. Pvt. Lt.             Chandi                Mr. Jaipal Jain
 M/s. Ritika Steel &      Today developers      Mr. Atul Jain
 Scraps Pvt. Ltd.         M/S Kamanwala laksha  Mr. Tarun Jain 
 M/s A.S. Jain & Sons     Today Construction    Mr. Amit Jain
 (Prop. Concern of        M/s Prajay Kamanwala  Mrs.Pushpa Jain
 Jaipal Jain)             Developers
 M/s Hatimi Steels 
 (Prop. Concern of Amit 
 Jain) 
 
 
 Other Directors:               Relatives of Key
                                Management Personnel
 
 Mr. B.R. Maheshwari            Shri Atul Jain (HUF)
 Mr. Bhanwarlal D. Jogani       Shri Tarun Jain (HUF)
 Mr. Ramesh J. Patel            Shri Murarilal Ramswarup
 Mrs. Shobha Jain               Khandelwal (HUF)
 Mr. Sorabh Gupta               Mrs. Sudha Gupta
 Mr. S.V. Shanbhag              Mrs.Neena Jain
 till dt. 21.12.2010            Mrs. Rashmi Jain
 Mr. Pankaj R. Majithia         Mr. Vaibhav Jain
 w.e.f. dt. 12.05.2011          Mrs. Tulika Gupta
                                Mrs. Saroj Jain
                                Mrs. Shikha Jain
                                Mr. Vijendrapal Jain
                                M/s GSP International
                                (Prop. Arun Jain)
                                Mrs. Nita Jain
                                Mrs. Sarita Jain
 
 4.  balances in various accounts included in Sundry debtors, Sundry
 Creditors, advances recoverable, deposits/advances from Customers and
 Joint venture accounts are subject to confirmation.
 
 5.  in the opinion of the board, the aggregate value of current assets
 (including stock) and loans and advances on realisation in the ordinary
 course of business will not be less than the amount at which these are
 stated in the balance Sheet.
 
 6.  all lands/development rights/premises are purchased on agreement
 basis and conveyance in respect of the same will be executed directly
 in favour of Co-operative Societies whenever they are formed.
 
 7 the Company has decided to write off its investments of Rs. 87.50
 lacs in joint venture with Kamani tubes ltd. due to rejection of its
 claim by BIFR.
 
 8.  the Company has no information as to whether any of its suppliers
 constitute small-scale undertakings and therefore, the amount due to
 such suppliers has not been separately identified.
 
 9.  the Company has taken the advances from various parties against
 the ongoing projects at BKC, malad and Turbhe. basically to promote the
 sale of the Company they can get minimum compensation or they can also
 apply the option to buy the Property at prevailing market rate.
 meanwhile the Company is regularly paying commitment charges to the
 parties on amount paid by them.
 
 10.  Previous year''s figures have been regrouped wherever necessary to
 conform to this year’s classification.