Notes:
 
 1.  Rights, preferences and restrictions attached to the shares
 
 Equity Shares: The Company has one class of equity shares having a par
 value of Rs.10 per share. Each shareholder is eligible for one vote per
 share held. The dividend proposed by the Board of Directors is subject
 to the approval of the shareholders in the ensuing Annual General
 Meeting, except in case of interim dividend. In the event of
 liquidation, the equity shareholders are eligible to receive the
 remaining assets of the Company after distribution of all preferential
 amounts, in proportion to their shareholding.
 
 Note:
 
 Details of provisions and movements in each class of provisions as
 required by the Accounting Standard on Provisions, Contingent
 Liabilities and Contingent Assets (Accounting Standard-29):
 
 Provision for litigation/disputes represents claims against the Company
 not acknowledged as debts that are expected to materialise in respect
 of matters in litigation
 
 Notes:
 
 1.  Buyers'' Line of Credit and Cash Credit Facilities from banks are
 secured by hypothecation of stocks & book debts on a pari passu basis.
 
 2.  Interest rates on the above loans range between 3.00% to 15.50%.
 
 Note:
 
 Disclosure under Micro, Small & Medium Enterprises Development Act,
 2006:
 
 The above information has been determined to the extent such parties
 have been identified on the basis of information available with the
 Company.
 
 During the year, the Company has utilised deferred tax asset of Rs
 32,826,078 (March 31, 2011: Rs. 2,319,281). Based on the orders on
 hand, growth prospects of the automobile industry, the demand for the
 Company''s products, the long term plans of the Company''s customers and
 the history of order fulfillment by the Company''s customers, the
 Company is positive of generating adequate profits in the years to
 come, to fully set off the balance deferred tax assets.Deferred Tax
 Assets and Deferred Tax Liabilities have been offset as they relate to
 the samegoverning taxation laws.
 
 Note:
 
 THE NET EXCHANGE DIFFERENCES ARISING DURING THE YEAR:
 
 (i) Recognised appropriately in the Statement of Profit and Loss - net
 gain - Rs. NIL (March 31, 2011: Rs.2,653,268).
 
 2.  THE NET EXCHANGE DIFFERENCES ARISING DURING THE YEAR:
 
 (i) Recognised appropriately in the Statement of Profit and Loss - net
 loss - Rs. 5,402,958 (March 31, 2011: Rs.NIL).
 
 Additional Information pursuant to the requirements of Schedule VI and
 Accounting Standards:
 
 NOTE 1 - DETAILS OF EMPLOYEE BENEFITS AS REQUIRED BY THE ACCOUNTING
 STANDARD 15 (REVISED) EMPLOYEE BENEFITS:
 
 The Company has classified various employee benefits as under:
 
 A.  Defined Contribution Plans:
 
 The Company has recognised the following amounts in the Statement of
 Profit and Loss for the year:
 
 
 NOTE 2 - SEGMENT INFORMATION
 
 The Company is engaged in the business of Automotive Glass which, as
 per the Accounting Standard - 17 Segment Reporting is considered as the
 only reportable primary business segment. The geographical segment is
 not considered as reportable segment as exports are insignificant.
 
 (b) Relationships:
 
 i) Holding Company
 
 Saint-Gobain Sekurit S.A., France
 
 ii) Entity in respect of which the Company is an Associate Saint-Gobain
 Glass India Limited, India
 
 iii) Fellow Subsidiaries
 
 Saint-Gobain Glass, France
 
 Saint-Gobain Seva, France
 
 Grindwell Norton Limited, India
 
 Saint-Gobain Sekurit (Thailand) Co. Limited, Thailand
 
 Saint-Gobain Seva Engineering India Limited, India
 
 Saint-Gobain Sekurit Deutschland Gmbh & Co KG, Germany
 
 iv) Key Managerial Personnel:
 
 Dr. Sreeram Srinivasan -Managing Director (upto June 11, 2011) Mr A
 .Dinakar (w.e.f. October 25, 2011)
 
 NOTE 3 - CONTINGENT LIABILITIES AND COMMITMENTS:
 
 a) Contingent liabilities:
 
                                                    (Amount in Rupees)
 
 Particulars                                  As at              As at
                                   31st March, 2012   31st March, 2011
 
 a) Bills discounted not matured        39,363,617          78,081,397
 
 b) Claims against the Company not 
    acknowledged as debts                  183,384             183,384
 
 c) Bank Gurantees                       8,214,850           8,214,850
 
 d) Disputed Central Excise Duty 
    Service Tax                         19,879,053          19,879,053
 
 e) Sales Tax Matters                    3,460,240           4,294,440
 
 f) Octroi                                  56,213              56,213
 
 b) Commitments:
 
 a) Estimated amount of contracts remaining to be executed on capital
 account and not provided for Rs.15,199,069 (March 31, 2011:
 Rs.82,111,360).
 
 b) The Company has imported an asset costing Rs. 165,055,220 (March 31,
 2011: Rs. 37,074,106) under Export Promotion Capital Goods Scheme and
 accordingly has an export obligation of Rs. 193,429,188 (March 31,
 2011: Rs. 35,724,858). Against the obligation, the Company has met
 Rs.NIL up to March 31, 2012 and has provided a bond of Rs. 32.238.198
 (March 31, 2011: Rs. 5,954,143) to the Commissioner of Customs. In the
 opinion of the management, the Company will be able to fulfill its
 obligation over the defined period of 6 years.
 
 NOTE 4 - The financial statements for the year ended March 31, 2011
 had been prepared as per the then applicable, pre- revised Schedule VI
 to the Companies Act, 1956. Consequent to the notification of Revised
 Schedule VI under the Companies Act, 1956, the financial statements for
 the year ended March 31,2012 are prepared as per Revised Schedule VI.
 Accordingly, the previous year figures have also been reclassified to
 conform to this year''s classification. The adoption of Revised Schedule
 VI for previous year figures does not impact recognition and
 measurement principles followed for preparation of financial
 statements.
 
 Signatures to Notes 1 to 34 forming part of Financial Statements
 
 1 The above Cash Flow has been prepared under the ''Indirect Method'' as
 set out in Accounting Standard - 3 on Cash Flow Statements issued by
 the Institute of Chartered Accountants of India.
 
 Previous period figures have been regrouped / rearranged , wherever
 considered necessary.  This is the Cash Flow Statement referred to in
 our report of even date.