1.1 Terms/Rights attached to Equity Shares
 
 The Compnay has only one class of Equity Shares having a par value of
 (Rs.) 10/- per share. Each holder of the Equity shares is entitled to one
 vote per share. The Company declares and pays dividends in indian
 rupees and every equity share is entitled to the same rate of dividend.
 
 2.1 The Term Loan on Plant and Equipment are secured by Equitable
 mortgage of Factory Land and Building and hypothecation of Plant and
 Equipment at S V Road, Ghodbunder Village, Post Mira Road, District -
 Thane and at Village Umraya, Taluka-Padra, District- Vadodara. These
 loans are further guaranteed by one of the director in his personal
 capacities.
 
 2.2 The Vehicles loans are secured bv hvDOthecation of Vehicles.
 
 3.1 In terms of Accounting Standard 22 Accounting for Taxes on Income
 issued by the Instititue of Chartred Accountants of India, the Compny
 has Deferred Tax Assets as on 31st March 2012. In terms of the said
 Standard, the Management has decided not to incorporate the same, in
 the books of accounts, considering'' the future taxable income available
 for realisation of this Deffrered Tax Assets.
 
 4.1 The Working Capital Loan are secured by hypothecation of the
 inventory and trade receivables, Equitable mortgage of Factory land and
 Building and hypothecation of Plant and Equipment at S V Road,
 Ghodbunder Village, Post Mira Road, District -Thane and at Village
 Umraya, Taluka-Padra, District- Vadodara. These loans are further
 guaranteed by one of the director in his personal capacities.
 
 5.1 The Company has not received any intimation from suppliers
 regarding status under Micro, Small and Medium Enterprises Development
 Act, 2006 and hence, disclosure, if any relating to amounts unpaid as
 at the end of year together with interest paid/payable as.required
 under the said act has not been given.
 
 6.  The Company does not have different segments and hence segment
 wise reporting in terms of the Accounting standard (AS) 17 Segment
 Reporting issued by the institute of the Chartered Accountant of India
 is not applicable.
 
 7.  The Borrowing cost of (Rs.) 21,62,212/- (Previous year (Rs.)
 24,13,002/-) is capitalised in fixed assets/capital or in Progress in
 terms of the Accounting standard (AS) 16 Borrowing Cost issued by the
 institute of the Chartered Accountant of India.
 
 8.  No Provision for the Income Tax has been made in view of the
 losses of the Compnay.
 
 9.  Year end Balances of payables/receivables of the parties which are
 subject to confirmation/reconciliation impact of which on the
 profit/loss and on the assets/liabilities, if any is not ascertainable.
 
 (a) Estimated amount of contracts remaining to be executed on capital
 account and not provided for -Tangible Assets Nil 3,39,90,287
 -Intangible Assets Nil Nil
 
 (b) Other Commitments
 
 - Bank Guarantee 38,46,500 38,46,500
 
 - Sales Tax liability for Non Receipt of C and T Form 1,89,739
 1,89,739
 
 - Sales Tax Appeal liability 5,04,647 - Nil
 
 - Local Body Tax of Mira Bhyandar Mahanagarpalika 77,80,963 Nil
 
 10.  The Revised Schedule VI has become effective from 1 April, 2011
 for the preparation of financial statements.  This has significantly
 impacted the disclosure and presentation made in the financial
 statements. Previous year''s figures have been regrouped / reclassified
 wherever necessary to correspond with the current year''s classification
 / disclosure.