Current Year      Previous Year
                                        31.03.2011         31.03.2010
                                             (Rs.)              (Rs.)
 
 1.  Contingent Liabilities 
     not provided for                          Nil                Nil
 
 2.  In the opinion of the management, the Current Assets, Loans and
 Advances are approximately of the value stated, if realized, in the
 ordinary course of business.
 
 3.  Related Party Disclosure
 
 List of parties with whom transactions have taken place during the
 year:
 
 1) Entities under Common Control    2) Key Managerial Personnel
 
 a) Indo Count Industries Limited    a) Shri Anil Kumar Jain
 
 b) Rini Investment & Finance 
 Private Limited                     b) Shri G. P. Agrawal
 
 c) Indocount Securities 
 Limited                             c) Shri Sushil Kumar Agarwal
 
 d) Skyrise Properties 
 Private Limited                     d) Shri Pradeep Kantilal Shah
 
 4.  Debit / Credit balances of parties are subject to confirmations.
 
 5.  Paise have been rounded off to the nearest rupee.
 
 6.  Previous year''s figures have been regrouped and / or rearranged
 wherever considered necessary.