1.  Figures in brackets represent cash outflow.
 
 2.  Cash flow does not include non cash items.
 
 3. Cash and cash equivalents includes balance in fixed deposit/margin
 money account Rs.1272.07 Lacs(Previous Year Rs.724.81 Lacs)
 
 1.  Long Term Borrowings
 
 a) Loans of Rs.784.97 Lacs (Previous year Rs.1003.21 lacs) are secured
 interse on pari-passu basis by way of mortgage of immovable properties
 and hypothecation of all moveable properties (save and except book
 debts) both present and future subject to prior charges created in
 favour of company''s bankers for working capital facilities and further
 guaranteed by the managing director.
 
 b) Secured by hypothecation of specified assets acquired out of the
 loan amount.
 
 c) Loan of Rs.2200 Lacs(previous year Rs.1500 lacs) are secured by 1
 charge on New Plant & Machinery on pari-passu basis.  2nd Pari-passu
 charge by way of hypothecation of current assets of the Company,
 subject to existing charge of working capital bankers and assignment of
 project related documents, contract right interest, insurance contracts
 etc. and further guaranteed by the Managing Director.
 
 There is no default as on the Balance Sheet date in repayment of loans
 and interest.
 
 (a) Secured by hypothecation of book debts, raw-material, finished
 goods, semi-finished goods, consumable stores and spares including in
 transit and also secured by a second charge by way of mortgage of
 immovable properties both present and future and further guaranteed by
 the managing director.
 
 The Company has not received intimation from vendors regarding the
 status under the Micro, Small and Medium Enterprises Development Act,
 2006 and therefore, disclosures under this Act have not been given.
 
 2.  Other Current Liabilities
 
 a) Loans of Rs. 218.24 Lacs (previous year Rs.258.12 Lacs) are secured
 interse on pari-passu basis by way of mortgage of immovable properties
 and hypothecation of all moveable properties (save and except book
 debts) both present and future subject to prior charges created in
 favour of company''s bankers for working capital facilities and further
 guaranteed by the Managing Director.
 
 b) Loan of Rs.400 Lacs(previous year Rs.Nil) are secured by 1st charge
 on New Plant & Machinery on pari-passu basis. 2nd Pari- passu charge by
 way of hypothecation of current assets of the Company, subject to
 existing charge of working capital bankers and assignment of project
 related documents, contract right interest, insurance contracts etc.
 and further guaranteed by the Managing Director
 
 c) Vehicle Loan of Rs. 19.38 Lacs (Previous year Rs. 17.00 Lacs )
 Secured by hypothecation of specified assets acquired out of the loan
 amount.
 
 a) Include Rs. Nil (Previous year Rs.9.90 Lacs) towards land for
 housing colony held by the company under a 30 year lease agreement from
 12.10.1992.  In the current year, lease has been surrendered.
 
 b) i) Since separate breakup of Rs. 62.95 lacs being cost of office
 premises, furniture & fixtures and air conditioners at Mumbai are not
 available, depreciation has been provided on total cost as office
 premises.
 
 ii) Includes cost of 5 shares (previous year 5 shares) Rs.252 (previous
 year Rs.252) in Arcadia Premises Co-operative Society Ltd., Mumbai.
 
 c) The company revalued its imported plant & machinery as on 31.03.2001
 based on the valuation made by an approved valuer.  Accordingly, the
 original cost of such assets resulted in gross increase in the value of
 assets over their original cost by Rs.8585.83 lacs, increase in
 depreciation upto 30.03.2001 by Rs.2682.44 Lacs and thereby net
 increase in replacement cost by Rs.5903.39 Lacs. The net increase of
 Rs.5903.29 Lacs in the value of such plant & machinery had been
 credited to revaluation reserve account.
 
 d) Revaluation of indigenous plant & machinery was carried out as on
 31.03.2002 by an approved valuer. The revaluation resulted in a gross
 increase in the value of assets over their original cost by Rs.3981.77
 Lacs, increase in depreciation upto 30.03.2002 by Rs.1930.53 Lacs and
 thereby net increase in replacement cost by Rs.2051.24 Lacs which has
 been taken as increase in the value of plant & machinery as on
 31.03.2002 by creating a revaluation reserve to that extent
 
 3.  Deferred Tax Assets
 
 In terms of Accounting Standard -22, net deferred tax assets (DTA) of
 Rs.2395.83 Lacs (Previous Year : Deferred Tax Assets of Rs.2015.10
 lacs) has been recognized during the year and consequently DTA as on
 March 3T'' 2012 stands at Rs.2395.83 Lacs (Previous year Rs. 2015.10
 Lacs) there is carried forward unabsorbed depreciation and business
 loss at the balance sheet date. However, based on future profitability
 projections, the company is virtually certain that there would be
 sufficient taxable income in future, to claim the above tax credit.
 Deferred tax assets of Rs. 2015.10 Lacs relating to the period up to
 31st March 2011 has been credited to opening debit balance of profit &
 Loss account.
 
 a.  As reported in earlier years, an employee of the Company defrauded
 Rs.126 Lacs (Previous year Rs.126 Lacs) in connivance with certain
 customers. Legal proceedings against the employee and customers are
 being pursued. The defrauded amount has been fully provided in the year
 of fraud.
 
 b.  Certain debit balances of sundry debtors are subject to
 confirmation and reconciliation. Difference, if any, shall be accounted
 for on such reconciliation.
 
 (a) Includes Rs. Nil (Previous year Rs.127.21 lacs in Trust Retention
 Account for Capital Expenditure) Bank Deposits with more than 12 months
 maturity Rs. 508.42 Lacs (Previous year Rs. 125.02 Lacs).
 
 4.  Short Term Loans & Advances
 
 (Unsecured-considered good)
 
 (a) As reported in earlier years, DEPB licenses of Rs. 27.01 Lacs
 (Previous Year Rs. 27.01 Lacs) Purchased were found forged. The amount
 was provided for in the year of fraud.  Legal proceedings are being
 pursued for recovery of balance amount.
 
 5.  Other Current Assets
 
 During the year Excise duty payable on closing stock of Rs.376.80 lacs
 (Previous Period Rs. 506.51 lacs) has been adjusted against balance
 with Custom & Excise.  21.  Contingent Liabilities and Commitments (To
 the extent not provided for) Un-provided contingent liabilities are
 disclosed in the accounts by way of notes giving nature and quantum of
 such liabilities.
 
 6.  In the opinion of the board the assets other than fixed assets
 have a value on realization in the ordinary course of business at least
 equal to the amount at which they are stated.
 
 7.  Earning Per Share (EPS)
 
 8.  Related Party Disclosure:
 
 Related Party disclosures, as required by AS-18 Related Party
 Disclosures are given below:-
 
 1. Relationship
 
 (i) Subsidiaries Companies NIL
 
 (ii) Joint Venture/Joint Control & Associates NIL
 
 (iii) Key management personnel (Whole Time Directors)
 
 Mr.Vineet Jain-Managing Director              
 
 Mr. Rakesh Mundra-Director (Finance)           
 
 Mr. S.C. Malik, Director (Finance)
 
 (w.e.f. 14.02.2012) (up to 16.01.2012)
 
 Relatives of key management personnel (with whom transactions have
 taken place.) Mr.Manish Jain-Brother
 
 (iv) Enterprises over which key management personnel/relative have
 significant influence Prabhat Capital Services Ltd, Gurukripa Finvest
 Pvt Ltd
 
 Sulabh Plantation & Finance Pvt.Ltd.  Accurex Traders Pvt. Ltd.
 
 (v) Other related parties
 
 Pasupati Officer''s Provident Fund Trust
 
 The Pasupati Acrylon Ltd. Employees Superannuation Scheme
 
 The Pasupati Acrylon Ltd. Employees Group Gratuity Scheme
 
 Note: Related party relationship is as identified by the company and
 relied upon by the auditors.
 
 9.  It is the management''s opinion that since the company is
 exclusively engaged in the activity of manufacture of Acrylic Fibre,
 Tow/Tops, which are considered to constitute a single reportable
 segment in the context of Accounting Standard on Segment Reporting
 issued by the Institute of Chartered Accountants of India.
 
 8.  Figures for the previous year have been regrouped / rearranged
 wherever considered necessary.
 
 9.  Value of imported / indigenous Raw materials, Stores & spares
 consumed.