As at          As at
                                      March 31, 2011   March 31, 2010
                                       Rs.in lacs         Rs.in lacs
 
 1 Previous Years figures are recast 
 / rearranged, wherever necessary.
 
 2 Contingent Liabilities not provided
   for in respect of :-
 
 (a) Claims of the employees which are
     not admitted by the Company.        Amount not      Amount not
     (amount indeterminate)              determined      determined
 
 (b) Income-tax demand of Rs.466.44 lacs (Previous year Rs.588.17 lacs)
 has been raised against the company for various Assessment Years, which
 are not been acknowledged as debt in view of legal opinion and various
 judicial pronouncements. Appeal & rectification application filed
 against the same and appeal effect orders are still pending for these
 years. Such demand has been paid / adjusted against refunds due.
 
 12 Related Party Disclosures:
 
 Related Party Disclosures as required by Accounting Standard 18 on 
 Related Party Disclosures are given below:
 
 (A) List of Related parties:
 
 (i) Key management personnel :
 
 1 Shri Falgunbhai Patel
 
 2 Shri Parthiv Patel
 
 (ii) Associates:
 
 1 Satlon Investments Private Limited 2 Sandesh Patel Agencies Private
 Limited
 
 3 Chimanbhai Patel Stock Holdings Private Limited 4 Autumnleaf Estates
 Private Limited
 
 5 Applewoods Estate Private Limited 6 Dhanali Stock Holdings Private
 Limited
 
 7 Corona Trading & Exports Private Limited 8 Satyesh Prochem LLP
 
 9 Sandesh Procon LLP
 
 (iii) Whether Significant influence exits
 
 1 Lilavatiben Chimanbhai Patel Charitable Trust