1.  Contingent liabilities
 
    In respect of
                                                         Current year
 
 i) Claim against me company not acknowledged as debt.      133128.65
 
 2.  Related parties disclosures:
 
 A) Transactions with related Parties 
 
 S.NO.DISCLOSURE                      RELATED PERSON
 
 1.   Name of the Related persons     Shri Sanjay Kumar Kanoria - 
      -Director                       Director
                                      Smt. Priyadarshini Kanoria - 
                                      Director
 
 3.  Name of the Related Enterprises  Kanoria Sugar & General Mfg. 
     in which Directors are           Co. Ltd.A Infrastructure 
     interested                       Limited
 
     Description of the nature of 
     transactions
     a. Loan / advance taken by       1,08,89,939/-.
     Company
 
 3.  Micro, Small & Medium Scale business entities
 
 There are no Micro, Small and Medium Enterprises, to whom the Company
 owes dues, which are outstanding for more than 45 days as at 31st
 March, 2010. This information required to be disclosed under the Micro,
 Small and Medium Enterprises Development Act, 2006, and have been
 determined to the extent such parties has been identified on the basis
 of information available with the Company.
 
 4.  Interest paid to others is Rs.3.50 lacs (Previous year Rs. Nil).
 Tax deducted at source is Rs. Rs.0.35 lacs (Previous year Rs. Nil).
 
 5.  In the opinion of the management, all the Current Assets, Loans &
 advances have the Value on realization in the ordinary course of
 business and equal to the amount at which they are stated.
 
 6.  Liability, if any arises on completion of pending-assessment in
 respect of VAT, Service Tax and IncomeTax etc. will be provided in the
 year of completion of such assessment.
 
 7.  Previous year figures have been regrouped/re-arranged wherever
 considered necessary to confirm with current year''s classification.  /
 
 8.  A schedule 1 to 13 forms an integral part of the accounts and has been
 duly authenticated.
 
 9.  Foreign Exchange Earning and Outgo
 
 There were no export earnings and foreign exchange out flow during the
 year.(Previous year Nil).