Current Accounting  Year Previous 
                                                       Accounting Year 
                                    Ended 31-03-2011   Ended 31-03-2010
 
                                      (Rs. in Lacs)      (Rs. in Lacs)
 
 1.  Contingent Liabilities not provided for :
 
 a) Bank Guarantees given by bankers 
 on behalf of the Company                 864.86          890.31
 
 b) Guarantee given by the Company to 
    Bankers on behalf                     665.00          465.00
    of associate Company
 
 c) Bills Discounted                      487.27          432.45
 
 d) Claim of Collector                    353.47          353.47
 
 e) Sales Tax (Disputed in Appeal)          -             116.23
 
 f) Show Cause Notice in respect of 
    Central Excise                          -               3.18
 
 g) Central Excise (Disputed in Appeal)    70.94          271.81 
 
 h) Subletting Charges                      1.37            1.37 
 
 i) In respect of Custom Duty              10.67             -
 
 j) Income Tax matters                      6.02            1.15
 
 2. i) Loans from State Bank of India (SBI) on Cash Credit account are
 secured by first hypothecation charge on entire current assets
 consisting of raw material, semi finished, finished goods and
 receivables. Extension of first charge on entire fixed assets of the
 Company consisting of land, building, plant and machinery situated at
 Tarapur, Distt. Thane and at Brahmanwel, Distt. Dhule. The loans are
 also guaranteed by two of the directors.
 
 ii) Term loan from State Bank of India is secured by mortgage charge on
 land & building at Tarapur, land at Dhule for Wind Power Project and
 hypothecation charge on Plant & Ma- chinery and extension of
 hypothecation charge on the entire current assets of the Company
 consisting of Raw Materials,
 Stock-in-Process, Finished Goods, Stores & Spares, Other Consumables,
 Book debts, both present and future. The term loan is also guaranteed
 by two of the directors. (Repayment in next one year is Rs. 174.04 lacs;
 P.Y.Rs. 422.15 lacs).
 
 iii) Loans from other banks are secured by hypothecation of the
 Vehicles purchased from such loans. Repayment due in next one year is Rs.
 Nil lacs (P.Y. Rs. 5.46 lacs).
 
 3. Rent receivable in respect of assets given on operating lease in
 next one year is Rs. 21.50 Lacs (P.YRs. 4.03 Lacs), beyond one year to five
 years Rs. 93.02 Lacs (P.YRs. 15.00 Lacs) and beyond five years Rs. 0.25 Lacs
 (P.Y. Rs. 0.25 Lacs).
 
 4.  Related Parties disclosures: -
 
 i) (a) Key Management Personnel:
 
 Shri. V. C. Saraf - Chairman, Shri. Rajendra C. Saraf - Director, Shri.
 Rishabh R. Saraf - Managing Director, Shri. Ritvik V. Saraf- Di- rector
 
 (b) Associates:
 
 Remi Process Plant and Machinery Ltd., Rajendra Electrical Industries
 Ltd., Remi Metals Gujarat Ltd., Remi Finance & Investments Pvt. Ltd.,
 Remi Sales & Engineering Ltd., RemiAnupam Mixie Ltd., Bajrang Finance
 Ltd., Remi Securities Ltd., Rajendra Finance Pvt.  Ltd. and Calplus
 Trading Pvt. Ltd. & Aura Gems Pvt. Ltd.
 
 (c) Relatives of key management personnel and other related parties
 
 Smt. Vandana V. Saraf, Rajendra Electrical Motor Industries, Minakshi
 R. Saraf, Vishwambharlal Chiranjilal H.U.F., Shruti Trust, Rishabh
 Trust, Ritvik Trust.
 
 5 Payments to Micro, Small and Medium Enterprises are made in
 accordance with the agreed credit terms and to the extent ascertained
 from available information. There is no overdue payable to MSME units
 beyond the period specified in Micro, Small and Medium Enterprises
 Development Act, 2006.
 
 6 The Balance Sheet extract and Company''s general business profile as
 required by Part IV of Schedule VI to the Companies Act, 1956, are
 given in the annexure.
 
 7 Previous year''s figures have been regrouped and rearranged wherever
 necessary to make them comparable with current years figures.