1.  Security of Secured Loans
 
 The term loans are secured on the immovable properties of the company
 situated at village Narketpa/ly, Dist. Nalgonda in Andhra Pradesh
 including the company''s movable plant and machinery, machinery spares,
 tools and accessories and other movables, both present and future (save
 and except book debts and inventory which are charged against working
 capital facilities sanctioned by the banks) by Deed Hypothecation and
 also secured by a joint mortgage by way of deposit of title deeds in
 respect of the immovable properties of the Company in favour of State
 Bank of India, Commercial Branch, Hyderabad and United India Insurance
 Company Limited. The term loan of the aforesaid institutions rank
 pari-passu among themselves.
 
 Working capital facilities sanctioned by the banks (consortium) are
 secured by a charge on all the inventories and book debts in favour of
 State Bank of Hyderabad, Andhra Bank, State Bank of India and State
 Bank of Bikaner & Jaipur, Hyderabad.
 
 Further, working capital facilities extended by aforesaid banks are
 secured by mortgage/ charge on the fixed assets of the company on
 second charge basis subservient to charge already created in favour
 financial institutions for the term loan availed from them.
 
 The above loans are further secured by personal guarantee of Sri Sanjay
 Agarwal Director, and Sri Ashok Kumar Agarwal Executive Chairman of the
 Company.
 
 2.  Segment reporting as defined in Accounting Standard 17 (AS-17) as
 not applicable since the entire operation of the company relates to
 only one segment viz., refractories.
 
 3.  Details of Investment Unquoted, At Cost, Equity:
 
 (a) 32,900 Shares of Rs 10/-each of Iceberg Aqua Pvt. Ltd at a premium
 of Rs. 40/- each.
 
 (b) 4,10,000 Shares of Rs. 10/-each of Iceberg Foods Ltd. At a premium
 of Rs. 10/-each.
 
 4.  Related Party Disclosures
 
 Information relating to Related Party Transactions as per Accounting
 Standard 18 issued by Institute of Chartered Accountants of India is
 given below.
 
 5.  The amount of Rs.24,86,748/- shown against self consumption sales
 in schedule L pertains to consumption of refractory material towards
 maintenance of R. C Kilin.
 
 6.  The amount due to Micro and Small Enterprises as defined in the
 The Micro, Small and Medium Enterprises Development Act, have been
 ascertained to the extend such parties were identifiable from the
 information available with company and the outstanding to such units
 for more than 30 daysason31.03.2011 are nill.
 
 7.  The management of the company considers all the receivables and
 advances as good and recoverable and no provision is made.
 
 8.  Amounts shown under sundry debtors, creditors, loans and advances
 and some Financial Institutions and Banks are subject to confirmation/
 reconciliation.
 
 9.  Previous figures have been re-grouped/re-arranged wherever
 necessary.