Note No 1.1 Terms/rights attached to equity shares
 
 (A) The company has only one class of equity shares having a par value
 of Rs. 10 per share. Each holder of equity shares is entitled to one vote
 per share. The dividend proposed by the Board of Directors is subject
 to the approval of the shareholders in the ensuing Annual General
 Meeting.
 
 (B) The amount of per share dividend of Re. 1.00 (Previous Year Re.
 1.00) has been proposed to be distributied to equity shareholders for
 the year ended 31/03/2012. The total amount of dividend shall be Rs.
 3,489,349/- (Including Dividend Distrubition Tax Rs. 487,049/-).
 
 (C) In the event of liquidation of the company, the holders of equity
 shares will be entitled to receive remaining assets of the company,
 after distribution of all preferential amounts. The distribution will
 be in proportion to the number of equity shares held by the
 shareholders.
 
 Note No. 2.1
 
 The company has not received information from vendors regarding their
 status under the Micro, Small and Medium Enterprises Development Act,
 2006 and hence disclosures relating to amounts unpaid as at the year
 end together with interest paid / payable under this Act, have not been
 given. The same has been relied upon by the Auditors.
 
 Note No 3.1
 
 Aggregate market value of Quoted Investments Rs. 15,625,635/- (previous
 year Rs. 20,895,690/-)
 
 Note No 4.2
 
 Accounting Policy of Investments
 
 Long term Investments are stated at cost. Provision for diminution in
 value of long term investments is made only if such decline is other
 than temporary in the opinion of the management. Dividends are
 accounted for as and when received.
 
 Note No 5.1
 
 Accounting Policy of Deferred Tax
 
 The deferred tax for timing differences between the book profits and
 tax profits for the year is accounted for using the tax rates and laws
 that have been enacted or substantially enacted as of the balance sheet
 date. Deferred tax assets arising from timing differences are
 recognized to the extent there is a virtual certainty that these would
 be realized in future and are reviewed for the appropriateness of their
 respective carrying values at each balance sheet date.
 
 6. CONTIGENT LIABILITY
 
                                              As at March   As at March 
 Particulars                                      31.2012       31.2011
 
 1) Disputed Rent Liability                    12,459,661    12,459,661
 
 2) Disputed Income Tax Liability               1,470,644    11,145,349
 
 3) Disputed Sales Tax Liabilty                 8.227.470     8.374.904
 
                                               22,157,775    31,979,914
 
 Accounting Policy of Employee Benefit
 
 (i) Short term employee benefits are recognised as an expense at the
 undiscounted amounts in the Statements of Profit & Loss for the year in
 which the related service is rendered .
 
 (ii) Contribution payable to the Provident Fund and Superannuation
 Scheme which is Defined Contribution Scheme is charged to Statement of
 Profit and Loss as and when incurred.
 
 (iii) Liabilities in respect of defined benefit plans are determined
 based on actuarial valuation made by an independent actuary as at the
 balance sheet date. The actuarial gains or losses are recognised
 immediately in the Statement of Profit and Loss.
 
 Notes:-
 
 (i) The company is into two main business segments, namely;
 
 Electronics - Computer peripherals and systems Chemicals - Export of
 Textile Dyes and Intermediates Segments have been identified and
 reported taking into account, the nature of products and services, the
 differing risks and returns, the organisation structure, and the
 internal financial reporting systems.
 
 (ii) Segment Revenue, Results, Assets and Liabilities induce the
 respective amounts identifiable to each of the segments and amounts
 allocated on a reasonable basis.
 
 c) Sub lease Income recognized In the statement of Profit and Loss for
 the period
 
 d) There is no Contingent Rent.
 
 e) The Company''s major leasing arrangements are in respect of
 godowns/office premises (including furniture & fittings therein
 wherever applicable taken on leave and licence basis). These leasing
 arrangements, which are mostly cancelable, range between 11 months to 5
 years and are usually renewable by mutual consent at mutually agreed
 terms and conditions.
 
 5.  Balances of Trade Receivables, Trade Payables and Loans and
 Advances are subject to confirmation and consequential adjustment, if
 any.
 
 
 6.  In the opinion of the Board, Current Assets, Loans and Advances
 have value in the ordinary course of business at least equal to the
 amount at which they are stated.
 
 7.  The previous year figures have been regrouped/reclassified,
 wherever necessary to confirm to the current presentation as per the
 revised schedule VI.