(i) The Accounting Standard-15 Employee benefits, prescribed by the
 Central Government, has become applicable to the company in its
 entirety as our company is listed on Stock Exchanges.
 
 In formulating the accounting policy regarding employee benefits, we
 were motivated by the fact that average number of employees during the
 financial year, were 19 i.e. less than 50.
 
 In similar circumstances, unlisted companies have been permitted to
 calculate and account for the accrued liability under the head
 Gratuity, by some other rational method. Provisions of The Payment of
 Gratuity Act, 1972 gives one such method. This is based on the
 assumption that such benefits are payable to ''all employees at the end
 of the accounting year.
 
 The management still feels that the size of the company does not make
 it feasible to provide Gratuity by way of actuarial valuation.Hence.it
 decided to continue with the same accounting policy.
 
 (ii) The company has not received any memorandum (as required to be
 filed by the Suppliers with the notified authority under the Micro
 small and medium Enterprises Development Act, 2006), claiming their
 status as Micro, small or medium enterprises. Consequently, the amount
 paid / payable to these parties during the year is Nil.
 
 (ii) Provision for Tax is made in accordance with the requirements of
 the Income Tax Act, 1961
 
 (ii) The net asset value of the investments in mutual fund as on
 31.03.2012 is Rs. 11,55,12,503/- (previous year Rs. 11,42,03,933/-)
 
 (iii) In the opinion of the management diminution of Rs. 56.23 lacs in
 the value of investments is a temporary market phenomenon and the
 company has adequate general reserve to meet any contingency.
 
 10) DEFERRED TAX ASSETS / (LIABILITIES) (NET) :
 
 (a) Deferred tax is calculated and determined in accordance with the
 requirements of Accounting Standard - 22 Accounting for Taxes on
 Income and is subject to the concept of prudence, on timing difference
 being the difference between taxable income and accounting income that
 originate in one period and is capable of reversal in one or more
 subsequent periods. Deferred tax assets are reviewed for their carrying
 values at each balance sheet date and recognised only if there is
 ''reasonable certainty'' that they will be realised in future. As at
 31.03.2012 the recognised deferred tax liability/asset is as follows:-
 
 (d) Net Deferred Tax Assets / (Liability) Rs. 2,53,365/- (Previous Year
 Rs.1,08,533/-)
 
 (e) The net deferred tax recognised in the profit and loss account is
 Rs.3,69,778/- (Previous Year Rs. 1,24,215/-).
 
 (ii) Balance in some accounts of long term loans and advances is
 subject to confirmation.
 
 (ii) Balance in some accounts of trade receivables is subject to
 confirmation.
 
 (iii) All trade receivables are outstanding for a period less than six
 months from the date they are due for payment. Also, no debts are due
 by directors or any other officers of the company either severally or
 jointly.
 
 1) EARNING PER SHARE :
 
 (i) Annualised earning per equity share has been calculated on the net
 profit (aftei taxation) of Rs. 1,11,85,883/- (previous year Rs.
 1,12,62,015/-) taken as th« numerator divided by number of equity
 shares 60,00,000 (previous year 60,00,000] Taken as the denominator.
 
 (ii) There is no diluted earning per share in the company.
 
 2) (a) The company follows the Reserve Bank of India guidelines
 applicable to Non Banking Financial Companies regarding assets
 classification, provisioning and income recognition on non performing
 assets and accounting for investments.
 
 (b) Information required to be disclosed in terms of paragraph 13 of
 Non Banking Financial (Non Deposit Accepting or Holding) Companies
 Prudential Norms (Reserve Bank) Directions, 2007 is as under:-
 
 1.  As defined in Paragraph 2(1)(xii) of the Non-Banking Financial
 Companies Acceptance, of Public Deposits (Reserve Bank) Directions,
 1998.
 
 2.  Provisioning norms shall be applicable as prescribed in the
 Non-Banking Financial (non deposit accepting or holding) Companies
 Prudential Norms (Reserve Bank) Directions, 2007.
 
 3.  All Accounting Standards and Guidance Notes issued by ICAI are
 applicable including for valuation of investments and other assets as
 also assets acquired in satisfaction of debt. However, market value in
 respect of quoted investments and break-up/fair value/ NAV in respect
 of unquoted investments should be disclosed irrespective of whether
 they are classified as long term or current in column (4) above.
 
 3) In the financial year 2011-12, the Company has operated in only one
 business segment, hence compliance of AS-17 regarding Segment
 Reporting is not necessary.
 
 4) Related party transactions :
 
 There are no related party as described in Clauses (a) to, (e) of
 paragraph 3 of the Accounting Standard-18 Related party disclosures
 issued by the Institute of Chartered Accountants of India.
 
 5) CONTINGENT LIABILITIES :
 
 CONTINGENT LIABILITY NOT PROVIDED FOR          (2011-12)      (2010-11)
 
 Claims against the Company not acknowledged 
 as debt                                        Rs. NIL         Rs. NIL
 
 6) The figures have been rounded off to the nearest rupee.
 
 7) Last year''s figures have been regrouped and re-arranged wherever
 necessary to conform to the figures of the current year, and in
 consonance to the requirements of revised Schedule VI which became
 applicable w.e.f. 01 -04-2011.