1.  There is no overdue amount payable to Micro, Small and Medium
 Enterprises as defined under The Micro Small and Medium enterprises
 Development Act, 2006. Further, the Company has not paid any interest
 to any Micro, Small and Medium Enterprises during the year.
 
 2. Investments:
 
 4A. Investment in Amex alloys private limited:
 
 - The Company had entered into a Share Purchase Agreement on December
 05, 2010, with the majority shareholders of M/s. Amex Alloys Private
 Limited (''AAPL'') for acquisition of Equity Shares up to 92% and 
 takeover of the Management Control and the acquisition has been 
 completed on 31st January 2011.
 
 - The Company has made investments aggregating to Rs.3,75,00,000/- in 
 10% Cumulative redeemable preference shares of Amex Alloys Private 
 Limited.
 
 4B. Investment in Numeric Power Systems Proprietary Limited, South
 Africa (''NPSPL''):
 
 During the year the management of the Company had applied for
 deregistration of NPSPL on March 29, 2011. Consequent to the above the
 NPSPL discontinued its operations and the loss incurred on account of
 such disposition of the investment aggregating to Rs.5,50,547 has been
 included and disclosed separately in Schedule 16 - Manufacturing and
 Other Expenses.
 
 The lease term ranges between 1 and 6 years. There is no escalation
 clause in the lease agreement. There are no restrictions imposed by
 lease arrangements. There are no subleases.
 
 Note:- As the liabilities for gratuity and leave encashment are
 provided on an actuarial basis for the Company as a whole, the amounts
 pertaining to the directors are not included above.
 
 3 Employee benefit plans
 
 The Company has a defined benefit gratuity plan. Every employee who has
 completed five years or more of service gets a gratuity on departure at
 15 days salary (last drawn salary) for each completed year of service.
 The scheme is funded with an insurance company in the form of a
 qualifying insurance policy.
 
 Long term compensated absences are provided for based on actuarial
 valuation as per projected unit credit method made at the end of each
 financial year.
 
 The following tables summarise the components of net benefit expense
 recognised in the profit and loss account and the funded status and
 amounts recognised in the balance sheet for the gratuity plan.
 
 The fund is administered by Life Insurance Corporation of India
 (LIC). The overall expected rate of return on assets is determined
 based on the market prices prevailing on that date, applicable to the
 year over which the obligation is to be settled.
 
 The estimates of future salary increases and rate of attrition
 considered in actuarial valuation take account of inflation, seniority,
 promotion and other relevant factors, such as supply and demand in the
 employment market.
 
 4 Segment information
 
 A.  Primary segment information (By Business segments)
 
 The Company''s operations predominantly relates to the manufacture and
 trading in UPS systems and accordingly this is the only primary
 reportable segment.
 
 B.  Secondary segment information (By Geographical segments)
 
 The following table shows the geographical distribution of the
 Company''s segment revenues and additions to tangible and intangible
 assets for the year ended March 31, 2011 and year ended March 31, 2010.
 
 - Installed capacity is subject to changes in product mix utilization
 of manufacturing facilities.
 
 - It is not practicable to furnish quantitative information in view of
 the large number of items which differ in size and nature, each being
 less than 10% in value of the total.
 
 - It is not practicable to furnish quantitative information in view of
 the large number of items which differ in size and nature, each being
 less than 10% in value of the total.
 
 - It is not practicable to furnish quantitative information in view of
 the large number of items which differ in size and nature, each being
 less than 10% in value of the total.
 
 Note: The figures shown are balancing figures, ascertained on the basis
 of opening stock, purchases and closing stock and, therefore, include
 adjustments of excesses and shortages ascertained on physical count.
 
 5 Derivative instruments and Foreign currency exposures
 
 The Company uses foreign currency forward contracts to hedge its risks
 associated with foreign currency fluctuations on payable balance.
 
 The following are the outstanding Forward Exchange Contracts entered
 into by the Company as at March 31, 2011.
 
 6 Previous year figures have been reclassified/regrouped wherever
 necessary to conform to current years'' presentation.
 
 Notes:
 
 1.  Increase in capital expenditure include payments for items in
 capital work in progress and purchase of fixed assets. Adjustments for
 increase / decrease in current liabilities relating to acquisition of
 fixed assets have been made to the extent identified.
 
 2.  The accompanying notes are an integral part of this statement.
 
 3.  Fixed deposits with banks with maturity period of more than three
 months including interest accrued thereon amounting to Rs.4,74,36,599/-
 (previous year Rs.1,15,91,740/-) are not included under Cash and Cash
 equivalents.
 
 4.  Unpaid dividend aggregating to Rs.8,37,015/- (previous year
 Rs.9,29,685/-) are not included under Cash and Cash equivalents