1.  Contingent Liabilities not provided for:
 
                                   31/03/2010         31/03/2009
 
                                  (Rs. in lacs)    (Rs. in lacs)
 
 In respect of outstanding 
 corporate guarantees to             10035.61        10035.61
 
 Financial Institutions /
 Bank/Body Corporate
 
 In respect of Demand on 
 additions and interest
 for Assessment Year 1997-98 
 raised by I. T. Department            287.29          287.29
 
 2. Deferred Tax Assets have not been recognised in the accounts 
 on prudence basis as per Accounting Standard (AS-22) issued by
 The Institute of Chartered Accountants of India.
 
 3.  Related Party Disclosure
 
 As per Accounting Standard 18 issued by the Institute of Chartered
 Accountants of India, the disclosures of transactions with the related
 parties as defined in Accounting Standard as given below :
 
 (A) List of the related parties and relationship
 
 SI.
 No.  Name of related Party      Relationship
 
 1    Dunlop India Ltd            Associate
  
 2    Falcon Tyres Ltd.           Associate
 
 3    Jessop & Co. Ltd.           Associate
 
 4    Monotona Tyres Ltd.         Associate
 
 5    Suryamani Financing 
      Co. Ltd.                    Associate
 
 (B) Transactions carried out during the year with related parties :-
 
 No Transaction were made with the related parties during the year.
 
 4.  Previous years figures have been re-arranged/re-grouped wherever
 necessary.
 
 5.  Balance Sheet abstract and Companys general business profile as
 required under Part IV of Schedule VI to the Companies Act, 1956 is
 enclosed and marked as Schedule 10.