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. The disclosures required under Accounting Standards 15 Employee
 Benefits notified in the Companies (Accounting Standard) Rules 2006,
 are given below:
 
 Defined Benefit Plan
 
 The provision for gratuity is made as per the Payment of Gratuity Act,
 1972. The obligation for leave encashment is recognized on the basis of
 amounts due for leaves outstanding to the credit of the employees at
 end of the year.
 
 3.  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 relationship:
 
 List of Related Parties and their Relationship
 
 a) Key Managerial Personnel
 
 1.  Sh. Sushil Gupta, CMD
 
 2.  Sh. Manish Gupta, Director
 
 3.  Dr. 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
 
 4. 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.
 
 5.  Contingent Liabilities not provided in respect of:
 
 (i) Claims against the company did not 
 acknowledged as debts*.                            1757.91     1757.91
 
 (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                                         910.26      766.75 
 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                              405.25      425.57
 not fulfilled against import of raw material 
 & machinery
 
 (vii) Bank Guarantees issued by Bank                600.97        4.95
 
 (viii) Outstanding Letter of Credit                 739.50      202.63 
 
 *ICICI Bank has crystalized the liability under derivative transaction
 during the year 2010-11. However, the matter is still subjudice.
 Company has denied this liability on the basis of A.V. Rajwade & Co.
 legal opinion and filed the case at Delhi High Court.
 
 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 con- formation from the parties.
 
 8.  Financial and Derivative Instruments
 
 (a) No Derivatives Contracts are out standing as on 31.03.2012
 (Previous Year NIL)
 
 (b) Foreign Currency exposures that are not hedged by derivatives
 instruments or forward contracts as at 31st March 2012 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
 2012. During the financial year 2010-11, final dividend of 5 % (Rs.
 0.50 per share) for the year ended 31.03.2012 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 2011-12 in respect of above operating leases
 are Rs. 5916169.00/- (previous year Rs.  3825779/-)
 
 11.  Insurance Claims:
 
 During the year, the company accounted Rs. NIL (Previous year Rs.
 NIL/-) as claims receivable from insurance company towards the
 expenditure incurred (in excess of deductibles) on damage repairs upto
 31st March 2012 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 Financial
 Year 2009-10, for which Chartered Engineer Certificate had also been
 obtained.