A.  As per accounting standard 18, disclosures of the transactions with
 related parties as defined in the Accounting Standard are given below.
 
 (i) List of related parties with whom transaction has taken place
 
 Sr.No.  Name of the related Party    Nature of relationship
 
 1     Swojas Associates Pvt. Ltd.     Associate Company
 
 (ii) Key Management Personal (KMP) and Relatives of Key Management
 Personal (RKMP)
 
 Sr.No. Name of the Person            Nature of relationship
 
 1 Ashutosh R.Shah                     Chairman & Director
 
 2 Ashish R.Shah                       Managing Directors
 
 3 Sanjeev M.Kokane                    Director
 
 B.  The amount outstanding & payable as at the year end to small scale
 & ancillary industries included in sundry creditors is not specified
 separately as necessary information for such determination is not
 available with the company.
 
 C.  Some of the Debit and Credit balances are subject to confirmation
 
 D.  Information regards to Purchases, Sales and Stock during the year:
 The Company has stopped its production activities in February, 2001.
 Hence there are no purchases, sales and stock.
 
 E.  The company has not purchased or incurred any expenses in foreign
 currency.
 
 F.  Earning in foreign exchange : NIL
 
 G. Previous years figures have been reworked, regrouped, rearranged &
 reclassified wherever necessary.