(A) Related party disclosure :
 
 A list of related parties and relationships (as identified and
 certified by the Management).
 
 1. Parties where control exists: NIL
 
 2. Other related parties with whom transactions have taken place during
 the year.
 
 Party Name Relationship
 
 Micro Instruments Ltd Director''s Interested Company
 
 Salzer Exports Ltd Director''s Interested Company
 
 Salzer Spinners Ltd Director''s Interested Company
 
 Plitron Mfg. Inc Director''s Interested Company(Collaborator)
 
 K.Rangaswamy Naidu & Sons Director''s Interested Firm
 
 Plitron Global Corporation Director''s Interested Company
 
 Salzer Magnetic Wires Ltd Director''s Interested Company
 
 Key Management Personnel:
 
 R.Doraiswamy Managing Director
 
 D.Rajeshkumar Joint Managing Director
 
 P.Ramchandran Whole Time Director
 
 (g) Contingent Liabilities not provided for in the accounts :
 
 1.  Towards Import obligation
 
 under EPCG Scheme Rs.6.14 lakhs
 
 Bank guarantees (expiring in 2013-14)
 
 2.  Letter of credit (foreign and inland) for Import and purchase of
 raw materials NIL
 
 3.  Obligation towards Bank Rs.210.02 lakhs Guarantee
 
 (h) Estimated amount of the contracts remaining to be executed on
 capital account and not provided for(net of advances )Rs.NIL(Previous
 Year Rs. NIL)
 
 (i) Open Cash Credit facility from Canara Bank has been secured on
 hypothecation of Raw materials, Stock-in-process and Finished goods and
 first charge on Land & Building and Plant & Machinery. (Unit-I)
 
 (j) Term Loan from Canara Bank, IF Branch, Coimbatore, includes funding
 of Wind Mill-IV, funding of Energy Saver Project.  Loan is secured by
 assets purchased under the loans and extension of equitable mortgage of
 land and building of the Company.
 
 (k) Term Loan from Bank of India, Saibaba Colony branch is for funding
 Windmill-III and purchase of Plant & Machineries.  Loans are secured by
 the assets purchased under the loan and extension of equitable mortgage
 of land and building of the Company.
 
 (l) Term loan from L & T Finance Ltd is secured by first charge on
 Plant & Machineries of Unit IV purchased out of L&T funding.
 
 (m) Working Capital facilities from Bank of India is secured by First
 Charge on Land, Building and Plant & Machinery of the Company and
 hypothecation of Stocks and Debtors and extension of Hypothecation of
 Wind Mill-III.  (Unit-II)
 
 (n) Working capital and Term Loan facilities from Union Bank of India
 is secured by First Charge on inventories including imported stocks of
 Unit-IV and first charge on Fixed Assets of Unit IV except machineries
 items financed by L&T.
 
 (o) The credit facilities being availed from Citibank NA is secured by
 hypothecation of all current assets including book debts, stocks and
 other movable assets of Unit III, and equitable Mortgage of the factory
 premises belonging to Unit III.
 
 (p) All the Term loans and working capital loans are guaranteed by
 Mr.R.Doraiswamy, Managing Director and Mr.D.Rajeshkumar, Joint Managing
 Director.
 
 (q) There is no overdue interest or principal amount as on 31st March
 2011 in respect of Term loan and working Capital loan.
 
 (r) In the opinion of the Board, the Current Assets, Loans and advances
 have a value on realization in the ordinary course of business at least
 equal to the amount at which they are stated.
 
 (s) In respect of debtors, creditors and other parties request for
 confirmation of balances were sent and reconciliations with the parties
 are carried out as an ongoing process.
 
 (t) The outstanding debtors for more than six months include Rs.79.78
 lakhs due from M/s.Crompton Greaves Ltd, Mumbai.  The company has
 already taken legal course of action in the matter for recovery of the
 same.  The company is confident of recovering this amount in full and
 so considered the debt is good.
 
 (u) Sales include direct export of Rs.1346.34 lakhs & indirect export
 of Rs.733.57 lakhs.
 
 (w) Details of dues to Micro, Small and Medium Enterprises as per MSMED
 Act, 2006.
 
 The Company has sent request letter to all its suppliers calling for
 their status under MSMED Act, 2006 and since many of them have not
 responded, the amount payable to these parties could not be disclosed.
 However, no party has claimed any interest for the due payable by the
 Company.
 
 (y) Salary & Wages include Remuneration of Rs.3573080/- paid to Whole
 time Directors – Managing Director, Joint Managing Director and Whole
 time Director, as stated under note II(b) on accounts.  No person was
 paid remuneration of Rs.500000/- per month or Rs.6000000/- per annum
 during the year.
 
 (z) In t he opinion of the Management there is no impairment loss on
 fixed assets during the year.
 
 (aa) The income tax assessment has been completed upto the Financial
 Year 2008 - 2009 (Assessment Year 2009 - 2010) and there is no disputed
 liability or arrears of tax to be paid. The Sales tax Assessment has
 been completed upto the year 2007 - 2008 and there is no disputed
 liability or pending appeals.
 
 (bb) Previous year''s figures have been regrouped / rearranged wherever
 necessary, to confirm with current year''s presentation.
 
 (cc) Figures have been rounded off to the nearest rupee.