1.  a) Term Loan is secured by mortgage of factory land and building
 and hypothecation of plant and machinery, office equipments and furniture
 & fixtures.
 
 b) Working capital facilities are secured by first charge on
 inventories, book debts, bills for collection and second charge on
 entire fixed assets of the Company and personal guarantees of the
 directors.
 
 2.  contingent liabilities:                        ( Rs. in Lacs)
 
 particulars                        31st march, 2011 31st march, 2010
 
 a) Outstanding bank guarantees               131.30            28.25
 
 b) Claims against the Company not 
 acknowledged as debts                         15.00           177.13
 
 c) Letter of Credit issued by Bankers         50.00           450.00
 
 4.  a) related party disclosures:
 
 Names of related parties and nature of related parties relationship
 where control exists.
 
 subsidiaries:
 
 i) Kirtiman Agro Genetics Limited
 
 ii) Shiva Parvati Poultry feed Private Limited
 
 iii) Shrinivasa Agro foods Private Limited
 
 iv) Ghatprabha fertilizers Private Limited
 
 key management personnel:
 
 i) Mr. Omprakash K. Gilda
 
 ii) Mr. Arun R. Toshniwal
 
 iii) Mr. Deepak S. Maliwal
 
 iv) Mr. Narayanlal P. Kalantri
 
 v) Mr. Sambhaji L. Pawar
 
 vi) Mr. Vijay O. Agrawal
 
 vii) Mr. Satish Maheshwari
 
 viii) Dr. Ruturaj Jadhav
 
 ix) Dr. Santosh Malpani
 
 x) Mr. Divakar Shetty
 
 xi) Mr. Shankarrao Dastapure
 
 xii) Mr. Rajgopal Bhutada
 
 relatives of key management personnel:
 
 i) Mrs. Sarojdevi N. Kalantri 
 
 ii) Mrs. Ahilyadevi K. Maliwal 
 
 iii) Mrs. Vijaya Toshniwal 
 
 iv) Mr. Nandkishor Toshniwal 
 
 v) Mrs. Preeti M. Kalantri
 
 enterprises owned or significantly influenced by group of individuals or
 their relatives who have control or significant influence over the
 Company:
 
 i) Braj Polymers
 
 ii) Kalantri Engineering Works
 
 iii) Madhu Industries
 
 iv) Ravito Engineering Works
 
 v) Sai Trading Company
 
 vi) Vijay Fertilizers Agency
 
 vii) Kedarnath Jaivik Khate
 
 viii) Kedar Krishi Sewa Kendra
 
 ix) Durgeshwari Seeds & Fertilizers
 
 x) Preeti Enterprises Incorporated
 
 xi) Kartik Agro Chem Private Limited
 
 xii) Kalantri Brothers
 
 associates:
 
 i) Shiva Global Biotech
 
 ii) Mahalaxmi Developers
 
 note: Related Party relationship have been identified by the Management
 and relied upon by the auditors.
 
 5.  dues to micro, small and medium enterprises:
 
 The classification of the suppliers under Micro, Small and Medium
 Enterprises Development Act, 2006 is made on the submission of the
 registration certificate under the said act by the suppliers. The
 outstanding to the micro, small and medium enterprises for more than 60
 days of closing date is nil.
 
 7.  Prior period adjustment includes Rs. 4,110/- net in respect of
 excess/short provision made for expenses and tax.
 
 8.  Except in cases where balance confirmation are available, the
 remaining balances under the heads sundry debtors, sundry creditors
 other liabilities, loans and advances and deposits are as shown by
 books of account and are subject to reconciliation/adjustment, if any.
 
 9.  impairment of assets:
 
 The Company has carried out comprehensive exercise to assess the
 impairment loss of assets. Based on such exercise, there is no
 impairment of asset required to be made in the accounts.
 
 10.  earnings per share:
 
 Basic earnings per shares has been calculated by dividing Profit for the
 year attributable to equity share holders by the weighted average
 number of equity shares outstanding during the year. The Company has
 not issued any potential equity shares and accordingly, the basic
 earnings per share and diluted earnings per shares are the same.
 
 16.  Installment of Term Loan falling due for repayment within one year
 is Rs. 103.40 Lacs (P.y. Rs. 30.90 Lacs)
 
 17.  The figures of the previous year have been rearranged and regrouped
 whatever necessary to make them comparable with the figures of the
 current year.
 
 18.  figures have been rounded of to the nearest Rupees.