1. The previous year''s figures have been reworked, rearranged and
 reclassified wherever necessary. Amounts and other disclosures for the
 preceding year are included as an integral part of the current year
 financial statements and are to be read in relation to the amounts and
 other disclosures relating to the current year
 
 2.  As per Accounting Standard 18, the disclosures of transactions with
 the related parties as defined in the Accounting Standard are given
 below:
 
 (i) List of related parties where control exists and with whom
 transactions have taken place and relation- ship:
 
 List of Related Parties and their Relationship 
 
 a) Key Managerial Personnel
 
 1.  Sh. Sushil Gupta, CMD
 
 2.  Sh. Manish Gupta, Director
 
 3.  Sh. Sandeep Gupta, JT. MD
 
 b) Enterprise over which Key Managerial Personnel (KMP) or their
 Relatives have significant influence
 
 1.  Richa Building Systems Limited
 
 2.  Richa Holdings Ltd.
 
 c) Relatives of Key Management Personnel 
 
 1.  NIL
 
 3.  As per the Accounting Standard (AS) – 17 Segment Reporting the
 information is submitted as below :
 
 a) Primary Segment Reporting by Business Segment
 
 Company''s primary business segments are
 
 (i) Manufacture in Textiles - The textile business incorporates the
 product group namely: Dyeing & Processing of Knitted Fabrics and
 Processing / Knitting of Yarn and Manufacture of Knitted Fabric, which
 mainly have similar risks and returns.
 
 (ii) Manufacturer of Pre Engineering Buildings - The PEB business
 incorporate the product group namely : Pre Fabricated Steel Building in
 CKD Condition, Tubular Steel Poles, Structure and Super Structure for
 mining, Drop Rods, Angles, Shapes and Section, which mainly have
 similar risks and returns.
 
 4 Contingent Liabilities not provided in respect of:
                                              (Rs. in Lacs)
                                       2010-11     2009-10
 
 (i) Claims against the company 
 not acknowledged as debts*.           1757.91         NIL
 
 (ii) Uncalled liability on 
 shares partly paid.                       NIL         NIL
 
 (iii) Arrears of fixed 
 cumulative dividends.                     NIL         NIL
 
 (iv) Estimated amount of 
 contracts remaining to be executed     766.75      404.97
 on capital account and not 
 provided for
 
 (v) Other money for which 
 the company is contingently liable.       NIL         NIL
 
 (vi) Custom duty liability 
 which may arise if obligation
 for exports                            425.57      481.82
 not fulfilled against import 
 of raw material & machinery
 
 (vii) Bank Guarantees issued 
 by Bank                                  4.95       23.60
 
 (viii) Outstanding Letter 
 of Credit                              202.63      307.67
 *Derivative losses crystalized 
 in the year 2010-11, for 
 which the company has derived 
 its liability but the ICICI 
 Bank has filed recovery suit 
 before DRT-III-Mumbai.
 
 5 Commission paid to selling agents      NIL         NIL 
 (Not sole selling agents)
 
 6 The current assets, loans and advances are stated at the value,
 which in the opinion of the management is not less than the amount of
 realization of such assets, loans and advances in the ordinary course
 of business and provision for all known liabilities have been made
 
 7 Sundry Debtors and Sundry Creditors are reconciled by the company.
 However this is subject to our direct conformation from the parties.
 
 8 Financial and Derivative Instruments
 
 (a) No Derivative Contracts are out standing as on 31.03.2011 (Previous
 Year Nominal Value of Derivative Contracts (Currency Swaps) entered
 into by the Company and outstanding as on 31st March 2010 amount to Rs
 3958.60 Lac maturing on 17-09-2011).
 
 (b) Foreign Currency exposures that are not hedged by derivative
 instruments or forward contracts as at 31st March 2011 amount to Rs.
 NIL (Previous year NIL)
 
 9. Remittance in Foreign Currency on Account of Dividend
 
 The Board of Directors of Company has recommended payment of a final
 dividend of 5 % (Rs. 0.50 per share) for the year ended 31st March
 2011. During the financial year 2010-11, final dividend of 5 % (Rs.
 0.50 per share) for the year ended 31.03.2011 was declared & disclosed.
 No foreign remittance has been made on account of dividend.
 
 10.  Operating Leases:
 
 The company has taken various premises under cancelable operating
 lease. These lease agreements are normally renewed on expiry of their
 terms.
 
 Lease rental expenses for 2010-11 in respect of above operating leases
 are Rs. 3825779/- (previous year Rs. 900587/-)
 
 (ix) Value of assets taken on lease, future obligations
 Lease Rentals Payabale
 
 0 to 12 Month    - Rs. 3898089.00
 
 12 to 60 Months  - Rs. 3342695.00
 
 60 to above      - NIL
 
 11.  Insurance Claims:
 
 During the year, the company accounted Rs. NIL (Previous year Rs.
 17,23,459.43/-) as claims receivable from insurance company towards the
 expenditure incurred (in excess of deductibles) on damage repairs upto
 31st March 2011 to a Company''s assets
 
 12.  Machinery worth Rs. 651.11 Lac is not used during the year under
 consideration, as the same had become obsolete during the Finance Year
 2009-10, for which Chartered Engineer Certificate had also been
 obtained.