1 There were no contingent liabilities as at 31st March, 2011.
 (Previous Year Rs. Nil).
 
 2 The Company has neither earned nor incurred any amount in foreign
 currency during the year (Previous Year Rs. Nil).
 
 3 In the opinion of the Board, the Current Assets and Loans and
 advances have a value on realization in the ordinary course of business
 at least equal to the amount at which they are stated. The provision
 for depreciation and for all known liabilities is adequate and not in
 excess of the amount considered necessary,
 
 4 The balances of Sundry Debtors, Sundry Creditors, deposits and
 advances with various parties are subject to confirmation and
 reconciliation, if any.
 
 5 DEFERED TAXATION :
 
 In accordance with Accounting Standard 22 Accounting for Taxes on
 Income issued by ICAI, the Company has accounted for deferred taxes
 during the year.
 
 6.  Segment information required to be disclosed in accordance with
 Accounting Standard 17 (AS-17) relating to Segment Reporting is
 attached with report.
 
 7.  The previous year''s figures have been regrouped and/or rearranged
 wherever found necessary.
 
 8.  Figures are rounded off to nearest rupee,
 
 9.  Related parties disclosures:
 
 (A) Related parties with whom transaction have taken place during the
 year.
 
 (i) Key Management Personnel : Mr. Pramod Sharma Executive Director
 
 Mr. Rushikesh Narlawar Non-Executive Director
 
 Mr, Manoj More Independent Director
 
 Mr. Shashikant Modi Independent Director
 
 Mr. Sunil Shivkumar Saini Independent Director
 
 Mr. Manish Kumar Goyal Independent Director
 
 (ii) Relative of Key Management Personnel: Mr. Pawan Chaudhary
 
 (B) Transaction carried out with related parties referred in A above,
 in ordinary course of Business : There was no transaction with related
 party during the year.
 
 10.  In view of wide-ranging quality and size of fabric elastic,
 separate disclosure of quantities of individual item has not been given
 as considered not practicable by the management.