1.  In the opinion of the Board of Directors of the Company, the
 Current Assets, Loans and Advances have a value realizable in the
 ordinary course of business at least equal to the amount at which they
 are stated and provisions for all known liabilities are adequate and
 not in excess of the amount reasonably necessary.
 
 2.  The estimated amount of contract remaining to be executed on
 capital account and not provided for Rs. 1,50,000/- (Previous Year Rs.
 1,40,57,871/-) Advances paid to suppliers of capital goods is Rs.
 1,87,928/- are (Previous Year 47,01,065/-) included in the Capital Work
 in progress.
 
 3.  Contingent liabilities
 
 a) The company has given the Corporate Guarantee for the credit
 facilities availed by M/s Rajratan Thai Wire Co.Ltd, Thailand the
 wholly owned subsidiary of the company: USD 12.30 Million (Previous
 Year USD 12.30 Million).
 
 b) The Demands have been raised by the Income Tax department against
 the company after assessment for the following years though the company
 has filed appeals before the appropriate authorities against such
 assessment orders.
 
 AY.2007-08 Rs. 1,34,891/-
 
 4.  Installments of term loans from financial institutions falling due
 within one year are Rs. 5,22,00,000/- (Previous year Rs. 4,32,00,000/-) and
 Sales Tax Deferment Loan Rs. 59,77,724/- (Previous Year Rs. 1,72,23,072/-)
 
 5.  Quantitative Information as required under Clause 3(i) (a), 3(h),
 4-C, 4-D of Part II of Schedule VI to the Companies Act, 1956.
 
 6.  During the year the dividend received from Subsidiary M/s Swaraj
 Technocrafts Pvt. Ltd. is X 87,500/- (Previous Year X 87,500/-).
 
 7.  Under the Micro, Small and Medium Enterprises Development Act,2006
 which came into force from 2nd October 2006, certain disclosures are
 required to be made relating to Micro, Small and Medium Enterprises.
 The Management has confirmed to us that none of the suppliers have
 confirmed that they are registered under the Provisions of this Act. in
 view of this, the liability of the interest and disclosures are not
 required to be disclosed in the financial statement.
 
 8.  During the year the commission on sales paid to Selling Agents is
 Rs. 31,41,085/- ( Previous Year Rs. 4,95,031/-).
 
 9.  The amount of Foreign Exchange difference included in the profit &
 loss account is Rs. 1,22,906 /- (Previous Year Rs. (-) 21,39,237/-).
 
 10.  The disclosure required as per Accounting Standard (AS) 15
 Employees Benefit issued by the Institute of Chartered Accountants of
 India (ICAI) and notified under the Companies Accounting Standards
 Rules, 2006 and based on the report issued by Life Insurance
 Corporation of India (LIC) is as under:-
 
 (a) The company has taken Group Gratuity and Cash Accumulation Policy
 issued by the LIC which is a defined benefit plan.
 
 11. In accordance with the Accounting Standard (AS)18 Related Party
 Disclosures issued by The Institute of Chartered Accountants of India
 (ICAI) and notified under the Companies Accounting Standards Rules,
 2006 the names of the related parties and the
 relevantdisclosureisasunder:-
 
 (a) Name of the related party and description of relationship: i.  Key
 Management Personnel:
 
 1) Mr.ChandanmalChordia - Chairman (Till 5th May 2010)
 
 2) Mr.SunilChordia - Managing Director
 
 3) Mr.DeepeshTrivedi - Executive Director
 
 ii.  Relatives of Key Managerial Personnel
 
 1) Smt. Shantadevi Chordia W/o Shri Chandanmal Chordia
 
 2) Smt. Sangita Chordia W/o Shri Sunil Chordia
 
 iii.  Companies/entities under the control of Key Management personnel
 
 1) M/s.Rajratan Resources Pvt. Ltd.,
 
 2) M/s.Rajratan Investment Ltd,
 
 3) M/s. Cee Cee Engineering Industries Pvt.Ltd.  iv Subsidiary
 
 1) M/s. Rajratan Thai Wire Company Ltd., Thailand
 
 2) M/s. Swaraj Technocraft Pvt Ltd .
 
 12.  Debit/Credit balances written off during the year amounting to Rs.
 10,66,592/- includes:-
 
 (a) Advance paid to raw material suppliers of Rs. 5,00,000/- against
 which no supplies are received.
 
 (b) Bad debts written off during the year amounting to Rs. 51,31,778/-
 
 (c) Credit balance of one of the supplier of Rs. 45,45,758/- is written
 back which in the opinion of the management is not payable.
 
 13.  Previous Year''s figures have been regrouped and recast wherever
 considered necessary to make them comparable with the current year''s
 figures.