1.  Contingent Liabilities not provided for in respect of: 
 
                                                      (Amount in Rs.)
 
 Particulars                                 As at                As at
                                  31st  March 2011      31st March 2010
 
 
 Bank Guarantee                          4,519,000            4,519,000
 
 Letters of Credit                               -           81,605,908
 
 Sales Tax Demands (under appeal)       32,285,172           29,661,690
 
 Income Tax Demands (under appeal)                            2,518,740
 
 
 Total                                  36,804,172          118,305,338
 
 
 2.  Managing and Whole time Directors'' Remuneration :
 
 Directors'' Remuneration included in Schedule 18 comprises of
 
 3.  Calculation of Net Profit in accordance with Section 349 of the Act
 for the purpose of calculating Director''s Commission:
 
 # Net Profit available for computation of eligible limit for Directors''
 commission is adjusted with Rs. 1,014,057/- (P.Y. Rs. 1,014,057/-) 
 towards depreciation on vehicles used and rent paid to Director debited 
 to respective accounts.
 
 4.  Sales tax incentives granted by the Government of West Bengal,
 Finance (Taxation) department under West Bengal Industrial Promotion
 (Assistant to Industrial Unit) Scheme 1994 against payment of Value
 Added Tax under the West Bengal Value Added Tax Act, 2003 and Central
 Sales Tax Act, 1956 are recognized when there is a reasonable assurance
 of receipt. Amounts recognized during current year Rs. 231.95 Lacs 
 (P.Y.- Nil).
 
 5.  In the absence of any confirmation from vendors regarding the
 status of their registration under the Micro, Small and Medium
 Enterprises Development Act 2006'' the Company is unable to make
 provision wherever required under the said Act.
 
 6.  The company has contributed to a group gratuity scheme with LICI,
 where LICI maintain and manages the fund.  The company makes annual
 contribution towards the benefit plan towards service cost and
 shortfall in value of obligation calculated on actuarial basis.
 
 The company contributes to Employees Provident Fund organisation and
 the employer''s contribution with other charges as are payable are
 charged off to the Profit & Loss Account in the period of their
 accrual.
 
 The company does not pay any leave encashment benefit beyond a period
 of 1 year within which it is fully encashed or lapsed. Hence no actual
 valuation is required for Provident Fund & Leave Encashment benefit.
 
 F.  Estimate of future salary increase considered in actuarial
 valuation, taking account of inflation, seniority, promotion etc. other
 relevant factor such as supply and demand in employment market.
 
 7.  Unpaid dividend does not include any amount to be credited to
 Investor Education and Protection Fund. There are no dues required to
 be credited to the Investor Education and Protection Fund as on
 31.03.2011.
 
 8.  Bank Guarantee issued in favor of the Company are secured against
 fixed deposits pledged with the banks and other current assets. Fixed
 Deposit Receipts held on lien by the banks/others against such
 Guarantees as on 31st March 2011 was Rs.25.96 Lacs (P.Y. Rs.208.88
 Lacs).
 
 9.  Loans and advances include an amount of Rs. 286.89 lacs paid 
 towards procurement of spinning equipment for Spinning Unit to be set 
 up at Tirupur, TamilNadu and lying since 2006. The plan of setting up 
 of Spinning Unit has since been shelved and the amount is fully
 recoverable/adjustable only against future supplies from the vendors.
 No provision has been made for same.
 
 10.  Finished Goods included rejected materials valued at Rs. 
 18,687,722 (P.Y. Rs. 17,741,575) carried at NRV which is less than 
 cost.
 
 11.  The management has carried out a comprehensive exercise to assess
 the impairment loss of its assets and based on such exercise, it has
 been concluded that there is no impairment of any assets. Accordingly,
 no adjustment in respect of loss on impairment of assets is required to
 be made in the Statement of Accounts.
 
 12.  The Company has approved in its Extraordinary General Meeting held
 on 9th April 2011 the amendment of the Authorized Capital and Issued
 and Subscribed capital by subdivision of the existing 200 lacs numbers
 of Equity shares of the Company of the face value of Rs. 10 to 2000 
 lacs numbers of Equity shares of Rs. 1/- each. Accordingly, the Issued 
 and Subscribed Share Capital represent 79,524,560 equity shares of Rs. 
 1/- each fully paid up out of which 209,000 equity shares with a paid 
 up amount of Rs. 104,500 as forfeited shares.
 
 13.  In the opinion of the Board of Directors of the company the
 current Assets, Loans & Advances and deposits are approximately of the
 value stated in the financial statements, if realized in the ordinary
 course of business unless otherwise stated. The provision for all known
 liabilities is adequate and not in excess of the amount reasonably
 required.
 
 Note:-
 
 a) Assets used in the company''s operations or liabilities contracted
 have not been identified to any of the reportable segments, as the
 assets and liabilities are used interchangeably between segments.
 
 b) Previous year figures are given in brackets.
 
 ii) Information on related party transaction as required by Accounting
 Standard (As-18) for the year ended 31st March, 2011.
 
 14. Additional information pursuant to Part II of Schedule VI of the
 Companies Act, 1956 :
 
 INFORMATION IN RESPECT OF GOODS MANUFACTURED
 
 15. Figures of Previous year have been re-grouped/re-arranged wherever
 considered necessary to conform to current year''s groupings and
 classifications.