Bank borrowings of term loan and working capital
 
 1.1 TUFS Term Loan-I from State Bank of India is secured by first
 charge on Factory Land, and building and other assets purchased out of
 the term loan. Total outstanding as on 31.03.2012 is (Rs.''000) 3016
 [Previous year (Rs.''000) 6387], Term Loan-I is payable in 78 installments
 commencing from April 2007. Last installment is due in September 2013.
 
 1.2 TUFS Term Loan-ll from State Bank of India is secured by first
 charge on entire assets created out of the term loan, Factory Land and
 building. Total outstanding as on 31.03.2012 is (Rs.''000) 96300
 [Previous year (Rs.''000) 109150]. Term Loan-ll is payable in 91
 installments commensing from April 2009. Last installment is due in
 October 2016.
 
 1.3 TUFS Term Loan-Ill from State Bank of India is secured by first
 charge on entire assets created out of the term loan including wind
 mill land. Total outstanding as on 31.03.2012 is (Rs.''000) 103500 
 [Previous year (Rs.''000) 69533]. Term Loan-Ill is payable in 109 
 installments commensing from October 2011. Last installment is due 
 in October 2021.
 
 1.4 TUFS Term Loan-IV from State Bank of India is secured by first
 charge on entire assets created out of the term loan. Total outstanding
 as on 31.03.2012 is (Rs.''000) 40069 [Previous year Rs.Nil]. Term Loan-IV
 is payable in 72 installments commensing from October 2012. Lat
 installment is due in September 2018.
 
 1.5 Term loan from Bank of India is secured by first charge on Windmill
 and Windmill Land. Total outstanding as on 31.03.2012 is (Rs.''000)
 69300 [Previous year Rs.Nil]. Term loan is payable in 108 installments
 commencing from March 2013. Last installment is due in Feb 2022.
 
 1.6 Term loan from Kotak Mahindra Bank is secured by Residential
 Appartment purchased out of term loan. Total outstanding as on
 31.03.2012 is (Rs.''000) 8285 [Previous year (Rs.''000) 8361). Term loan
 is payable in 240 installments commencing from August 2010. Last
 installment is due in August 2030.
 
 1.7 Two directors have given personal guarantee and one of them had
 given personal assets as security for the loan from State Bank of India
 and no Guarantee Commission has been paid to any directors in this
 connection.
 
 Three directors have given personal guarantee and one of them had given
 personal assets as security for the loan from Bank of India and no
 Guarantee commission has been paid to any directors in this connection.
 
 Details of pledge of shares held by directors for availing loan
 facilities for the company:
 
 The Managing director has pledged 4.62 lakh shares of the company held
 by him as collateral security for the loan sanctioned by State Bank of
 India and 5.25 lakh shares of the company held by him as collateral
 security for the loan sanctioned by Bank of India.
 
 1.8 Installments falling due in respect of all the above Loans upto
 31.03.2013 have been grouped under Current maturities of long-term
 debt [Refer Note 7(a)]
 
 1.  Working capital facilities from State Bank of India is secured by
 first charge on entire current assets such as raw materials, SIP,
 finished goods, receivables, stores, spares, consumables and other
 current assets.
 
 2.  Bank of India has sanctioned working capital facilities against
 paripassu charges on the inventories and book debts and same is yet to
 be utilised.
 
 II.  OTHER NOTES
 
 1.  Estimated value of contract remaining to be executed on Capital
 Account is (Rs.000) 8187 [Previous Year (Rs.000) 35690]
 
 2.  Details of contingent liabilities          31.03.2012    31.03.2011
                                                  (Rs.000)     (Rs.000)
 
 i.  Employees'' State Insurance Corporation 
 demand, the case is before the Employee
 Insurance Court.                                   758          758
 
 ii.  Reassessment pending with DCIT
 (Asst. Year 05-06)                                 771          771
 
 iii. Dispute on outstanding balance 
 against the lease finance and hire
 purchase, the case is before the High 
 court of Karnataka                                1234         1234
 
 iv.  Letter of credit given to supplier            Nil        19877
 
 3.  Borrowing cost of (Rs.000) 1356 on State Bank of India Term loan
 (Rs.000) 999 on Bank of India Term Loan and (Rs.000) 1018 on Kotak
 Mahindra Bank is capitalized towards Building, Plant & machineries and
 other capital work-in-progress during the year. Further (Rs.''000)
 1511 being exchange fluctuation gain on import of machinery is reduced
 in the cost of the machinery capitalized.
 
 During the year 2008-09, the real estate land which was a stock in
 trade with a value of (Rs.''000) Rs.6399 was converted into fixed asset.
 The same was revalued for a value of (Rs.''000) Rs.83300 resulting in a
 revaluation reserve of (Rs.''000) Rs.76901.
 
 4.  In accordance with the revised Accounting Standard - 15 details are
 given below which is certified by the actuary and relied upon by the
 auditors and the company has provided the liability in accounts, to
 meet its liability from internal generation.
 
 a) Remuneration paid to Managing Director, Mr.Santossh.R. is (Rs.''000)
 910 [Previous Year (Rs.''000) 907].
 
 b) Remuneration paid to Whole Time Director, Ms.Giulia Bosco is
 (Rs.''000) 600 [Previous Year (Rs.''000) 570].
 
 c) Remuneration paid to Whole Time Director, Ms.Vimala.R. is (Rs.000) 240
 [Previous Year (Rs.''000) 240].
 
 d) i. Cotton sales to M/s.V.R. Textiles Private Ltd., during the year
 for (Rs.''000) 3952 [Previous Year (Rs.''000) 36352],
 
 ii.  Yarn purchase from M/s.V.R. Textiles Private Ltd., during the year
 for (Rs.''000) Nil [Previous year (Rs.''000) 6632].
 
 iii. Polyester purchase from M/s.V.R. Textiles Private Ltd., during the
 year for (Rs.Q00) 7662 [Previous year (Rs.''000) Nil].
 
 (The Managing Director and one of the Whole Time Director are the
 Directors'' of the above company)
 
 e) Polyester purchase from M/s.Strikeright Integrated Services
 Limited., during the year for (Rs.''000) 5696 [previous year (Rs.''000)
 Nil].
 
 Company in which Managing Director and other two directors of
 M/s.Lambodhara Textiles Limited are directors.
 
 g) Interest paid to Mr. Santossh.R Managing Director is (Rs.''000) Nil
 [Previous year (T000) 220] [TDS (Rs.''000) 22].
 
 5.  Vehicles in the Fixed Assets of the Company include two Trax
 Jeeps, tractor and a Innova Car purchased in the name of a director
 valuing (Rs.''000) 2831.
 
 6.  In the opinion of the Board, Current Assets, Loans and Advances
 will fetch the amount stated, if realised in the normal course of the
 business.
 
 8.  There are no Micro and Small Enterprises, to whom the company owes
 dues, which are outstanding for more than 45 days as at 31st March
 2012. This information as required to be disclosed under the MSMED Act
 2006 has been determined to the extent such parties have been
 identified on the basis of information available with the company.
 
 9.  Previous year''s figures have been regrouped wherever considered
 necessary.