1 Credit for CENVAT of Excise duty on raw materials have been taken in
 Raw material A/c and Cenvat credit of Excise Duty on Capital Goods has
 been credited to respective Capital Assets.  The unutilised Cenvat
 credit of Rs.7,09,472/- (Previous year Rs.18,51,248/-) is shown under
 the CurrentAssets as Cenvat Receivable A/c.
 
 2 The Depreciation on various assets have been computed for various
 plants (HP, Guindy, IGK and Pondy) seperately as per the rates provided
 in Schedule XIV of the Companies Act.
 
 3 Previous years figures are re-grouped wherever considered necessary.
 
 4 Confirmation of balances from Debtors, Creditors and Advances of the
 Company have not been received.
 
 5 Sales includes jobwork charges of Rs. 191.65 Lakhs;( Previous year-
 Rs. 124.61 lakhs).
 
 6 Deferred Tax
 
 (a) Deferred Tax has been accounted in accordance with the requirement
 of Accounting Standard on Taxes on Income (AS 22). Deferred Tax
 Assets are recognised on c/f unabsorbed depreciation and Business Loss
 as there is virtual certainity that sufficient future taxable income
 will be available against which such asset can be adjusted.
 
 7 The company operates in only one business segment Viz. Injection
 Moulded Plastic Products.
 
 8 Amount payable to MSME units- outstanding for more than 30 days
 cannot be ascertained since we have not yet received the confirmation
 from our suppliers on their status of industrial undertaking.
 
 9 As per the representation received from the management there is no
 impairment of loss to fixed assets.