1.  Capital:
 
 a) During the year Company has offered and allotted 45, 00,001 Equity
 Shares of Rs.10 each at a premium of Rs.123 per share to the public
 through prospects after obtaining the necessary statutory and
 regulatory approvals.
 
 2.  Secured Loans :
 
 a) Term Loans by State Bank of India, Axis Bank Ltd. & State Bank of
 Hyderabad by joint mortgage by deposit of title deeds of all immovable
 properties and first charge byway of hypothecation of all movable
 properties both present and future.
 
 b) Working Capital facilities sanctioned by State Bank of India, Axis
 Bank Ltd. & State Bank of Hyderabad are secured by hypothecation of raw
 materials, stock in process, finished goods, stores and spares and book
 debts both present and future on parri-passu basis. These are further
 secured by way of second charge on the fixed assets of the Company.
 
 c) The Company has availed loan of Rs. 350 lakhs from S.E. Investment
 Limited secured by charge on intangible assets including Goodwill,
 Patent, Licence under patent, trademark, copyright or licence under
 copyright of the Company. The said loan has further been secured by
 pledge of 500,000 equity shares by the promoter of the Company, namely
 Mr. M. Madhu Mohan Reddy. The charge created in favour of S.E.
 Investments Limited was satisfied and form No. 17 was filed with the
 Registrar of Companies, Andhra Pradesh on 01.07.2011
 
 3.  Contingent Liabilities:
 
                                                   Rs. (in lakhs)
 
                                                 As at         As at
 
                                            31.03.2011    31.03.2010
 
 i) Banks Guarantees given by Banks             107.00        111.10
 
 4.  Details of the disputed dues to customs & Sales Tax are given
 bellow NIL
 
 5. Related Party Disclosures:
 
 a) Related parties where control exists Nil
 
 b) Other Group Companies Centuar Steels & Tools Pvt. Ltd
 
 No transaction has taken place during the year
 
 c) Key Management Personnel Mr.M. Madhu Mohan Reddy Chairman & Managing
 Director Mr. M. AshokSagar, Executive Director Other than Remunaration
 the KM P''s does not have any related transactions.
 
 6.  Raw Materials purchases includes carriage inwards, material
 handling and clearing & forwarding charges etc
 
 7.  Confirmations are still to be received in respect of the amounts
 relating to Debtors, Creditors and Loans & Advances.
 
 8.  Figures for the previous year have been regrouped/ reclassified/
 recast wherever necessary. Figures are rounded off to the nearest
 rupee.