1.  Contingent Liabilities not provided for:
 
 i) Letter of Credit established in favor of the suppliers for import
 of raw materials Rs.94,31,230/- (Previous Year Rs.62,61,779/-).
 
 ii) The Company has filed an appeal against the balance of Rs.12,81 .
 Lacs against imported capital goods on 03.03.2007.The Central Excise
 Authorities have issued a stay order vide order no. 1141/2007 ex dated
 26/11/2007.The Present impugned order is passed in pursuance to remand
 order passed by the Tribunal. The Amount already deposited is
 sufficient for hearing of the appeal.
 
 2.  In the opinion of the Management all the current - assets are
 realizable at the stated value.
 
 3.  Interest @ 10 % per annum, has been provided on security deposit
 received from dealers.
 
 4.  Loans & Advances include an amount of fts.3,154,505/- towards CST
 including surcharge recoverable from Sales Tax Authority. This figure
 represents the excess amount paid to the Authority and correspondingly,
 Current liabilities also include this amount as refundable to the
 customers.
 
 5.  Necessary disclosures required under the Micro, Small and Medium
 Enterprises Development Act,2006, can only be considered once relevant
 information to identify the suppliers who are covered the said Act are
 received from such parties/suppliers.
 
 6.  Additional information pursuant to provisions of Part- II,
 schedule VI of the Companies Act, 1956 to the extent not applicable has
 not been given.
 
 7.  The Company has acquired 100% shares of M/s.  Rathi Rajasthan
 Steel Mills Limited and resolution have been passed by Board of
 Directors on dated 24th September, 2007. M/s. Rathi Rajasthan Steel
 Mills Limited is setting up a plant for manufacture of superior quality
 reinforcement CTD7TMT bars and wire roads etc. with an installed
 capacity of 75,000 TPA. The Company has increased installed capacity of
 75000 TPA to 100000 TPA during the financial year 2010-2011 and has
 achieved gross sales of Rs.288.65 Crores for the financial year
 2010-2011.
 
 8.  Depreciation on Revaluation Reserve for Building had been booked
 twice in the financial year 2009-2010. This year rectification entry
 has been passed in books of accounts.
 
 9.  Quantitative information pursuant to the provisions of paragraphs 
 3,4 C and 4 D of part II of schedule VI of the companies Act, 1956. 
 Previous Year''s figures have been given in brackets.
 
 10.  NOTES:
 
 Schedule 1 to 20 form an integral part of the Balance Sheet and Profit
 & Loss Account together with the Auditor''s Report.
 
 Previous year figures have been regrouped / rearranged wherever
 necessary.
 
 11.  Balance Sheet Abstract and Company''s General Business Profile as
 per Part III of Schedule VI of the Act.