i) Terms/ rights attached to the equity shares
 
 The company has only one class of equity shares having a par value of Rs.
 10 per shares. Each holder of equity shares is entitled to one vote per
 share. The company declares and pays dividends (if any) in indian
 rupees. The dividends (if any) proposed by the Board of Directors is
 subject to the approval of the shareholders in the ensuing Annual
 General Meeting.
 
 In the event of liquidation of the company, the holder of equity shares
 will be entitled to receive remaining assets of the company, after
 distribution of all preferential amounts. The distribution will be in
 proportion to the number of equity shares held by the shareholders.
 
 As per records of the company, including its register of
 shareholders/members and other declarations received from shareholders
 regarding beneficial interest, the above shareholding represents both
 legal and beneficial ownership of shares except in case of shareholding
 of Rahul Kejriwal to whom,1212483 Equity shares held in the demat
 Account of late Smt Sita V.Harlalka were transferred as her nominee &
 effect is yet to be given according to her will for distribution of
 above equity shares.
 
 a) During the year indian rupees term loan has been converted to
 foreign currency term loan with validity till 26th July,2012.  Loan may
 be continued in foreign currency at the option of lender after the
 above date. The loan is repayable in balance 24 installments of
 different amount in foreign and local currency. .Currently it carries
 interest rate of LIBOR plus 5.75%.  The loan is secured by
 Hypothecation of entire assets acquire from said term loan and
 equitable Mortgage on Land and Building of various situated properties,
 charge over machinery/ moveables of the Company wherever situated.
 Further the loan has been guaranteed by Managing Director and it''s a
 whole time director of the company.
 
 b) # Vehicles loans is secured By Hypothecation of respective vehicles.
 
 c) Unsecured Loan from Directors/ related parties carry interest @ 10%
 p.a and loans are repayable after 12 months.
 
 a) Indian rupees Cash Credit loan from banks carries interest @ 15.50%
 & 11.50% p.a. The loan is repayable on demand. The loan is secured by
 Hypothecation of Land and Building of various situated properties,
 charge over machinery and second charge on all trade receivable & all
 Inventories wherever situated. Further the loan has been guaranteed by
 Managing Director and a whole time director of the company.
 
 b) Foreign currency Cash Credit loan from banks carries interest @
 LIBOR plus 5.50% & 3.50% p.a. The loan is repayable on demand. The loan
 is secured by Hypothecation of Land and Building of various situated
 properties, charge over machinery and second charge on all trade
 receivable & all Inventories wherever situated. Further the loan has
 been guaranteed by Managing Director and a whole time director of the
 company.
 
 Note 1 Contingent Liabilities not provided for :
 
 a) Towards guarantees given by Bankers on behalf of the Company of Rs.
 8.90 Lacs (Previous Year Rs. 0.75 Lacs).
 
 b) Estimated amounts of contracts remaining to be executed on capital
 account (net of advances) not provided for Rs. 36.12 Lacs (Previous Year
 Rs. 58.54 Lacs).
 
 c) In respect of Excise duty for Rs. NIL - (Previous year Rs. 9.48 Lacs).
 
 d) In respect of Service Tax for Rs. 0.52 Lacs (Previous year Rs. 0.52
 Lacs). This is under appeal.
 
 e) In respect of Local Area development tax for Rs. 1.21 Lacs (Previous
 year Rs. 1.21 Lacs). This is under appeal.
 
 Note 2 Deferred Tax :
 
 a) During the year ended 31st March,2012, The Company has recognised
 Defered Tax Liabilities/(assets) of Rs. 67.59 Lacs (Previous Year Rs.
 137.39 Lacs).
 
 b) The break up of deferred tax assets and liabilities as at March 31,
 2012 comprises of the following :
 
 Note 3 Segment :
 
 a) Primary Segment :
 
 The company is in the business of manufacturing Automotive Components
 parts & all its products fall in the same segment as nature of the
 products, production process, methods used for distribution, the
 regulatory environment and the resulting risks &rewards associated
 business lines are not materially different hence, it operates in only
 one primary segment (Business). Secondary segmental reporting is based
 on the geographical location of customers. The following is the
 distribution of the company''s sale by geographical markets and
 segment assets which can be attributed to customers in such markets.
 
 Note 4 Sundry debtors, sundry creditors and loans and advances are
 subject to confirmation and reconciliation if any
 
 Note 5 In the opinion of the management the current assets, loans and
 advances are of the value stated in the Balance Sheet if realised in
 the ordinary course of the business.
 
 Note 6 In terms of Section 22 of Micro,Small and Medium Enterprises
 Development Act,2006,the outstanding of these enterprises are required
 to be disclosed. However,these enterprises are required to be
 registered under the Act. In the absence of the information about
 registration of the Enterprises under the above Act,the required
 information could not be furnished. In view of above and in absence of
 relevant informations,the Auditor have relied upon the same.
 
 Note 7 Operating Lease :
 
 a) Operating lease payment recognised in Profit & Loss Account
 amounting to Rs. 51.64 Lacs (Previous Year Rs. 33.86 Lacs).
 
 b) General description of the leasing arrangement:
 
 i) Leased Assets: Factory Building, Adm offices & flat.
 
 ii) Future lease rentals are determined on the basis of agreed terms.
 
 iii) At the expiry of the lease term, the Company has an option either
 to return the asset or extend the term by giving notice in writing.
 
 Note 8 RELATED PARTIES DISCLOSURE:
 
 As per Accounting Standard-18 issued by the Institute of Chartered
 Accountants of India, the disclosure of parties & transactions during
 the year as deemed in the Accounting Standard are given below the
 related parties with whom the company had transactions and related
 parties where control exist/ none.
 
 A BODY CORPORATES/ FIRM. Nature of Relationship
 
 Remsons Cables Industries Private Ltd.  Associate Company
 
 Orscheln Technologies Pvt Ltd (JV) Joint Venture Company *** (Till 9th
 February,2011) (Formerly known as
 
 Orscheln Remsons Technologies Pvt Ltd )
 
 Goodluck Electronics Private Ltd.  Associate Company
 
 Orscheln Products LLC Joint Venture partner *** (Till 9th
 February,2011)
 
 Krishna Industries Partnership firm whereDirectors/Relatives are
 partners
 
 B KEY MANAGEMENT PERSONNEL.
 
 Mr. V.Harlalka 
 
 Mr. Krishna Kejriwal 
 
 Mrs. Chand Kejriwal
 
 C RELATIVE OF KEY MANAGEMENT PERSONS.
 
 Mrs. Sita Harlalka
 
 Mr. Basant Kejriwal
 
 Mr. Rahul Kejriwal
 
 Mrs. Ranee Khatkhate
 
 Mrs. Shivani Kejriwal
 
 V.Harlalka HUF
 
 Krishna Kejriwal HUF
 
 Rahul Kejriwal HUF
 
 Note 9 Donation paid of Rs. 70,000/- (Previous year NIL) to a poltical
 party - Bhartiya Janta Party.
 
 Note 10 Previous year figures have been reclassified and regrouped to
 correspond with the figures of the current year wherever necessary.