1) The Companys Subsidiary, Haytrans (India) Limited has made a loss
 of Rs.82,70,799/- for the year ended 31st March,2011 and has a positive
 net worth of Rs.43,09,070/- as on 31st March, 2011. In view of the long
 term plans for the company, the diminution in value is considered as
 temporary and hence no provision is made.
 
 2) Disclosures as required by AS 15 on Employee benefits: (A) Gratuity
 Benefits
 
 (a) Description of the Gratuity Plan:
 
 The Company provides for gratuity, a defined benefit retirement plan
 covering eligible employees. Gratuity plan provides for a lump sum
 payment to employees on retirement / death / incapacitation /
 termination of employment, of amounts that are based on salaries and
 tenure of the employees.
 
 (B) Privilege Leave Encashment (Compensated Absence)
 
 The Company permits encashment of privilege leave accumulated by the
 employees on retirement, separation and during the course of service.
 The liability for unexpired leave is determined and provided on the
 basis of actuarial valuation at the Balance Sheet date. The privilege
 leave liability is not funded.
 
 3. Information pursuant to para 4-D, clauses a,b,c and e of Part II of
 Schedule VI of the Companies Act, 1956 has not been given in view of
 exemption granted by the Department of Company Affairs Vide Order No
 46/65/2011-CL-III. Dated 28th January, 2011
 
 7.  CONTINGENT LIABILITIES
 
                                                 (Amount in Rs.)
 
                                                As at          As at
 
                                           31.03.2011     31.03.2010
 
 a) Claims against the Company                    NIL   10,57,00,000 
 not acknowledged as debts
 
 b) Corporate guarantee given             1,02,21,200    9,31,06,425 
 on behalf of Subsidiary
 company (including interest)
 
 c) Investments of Company                        NIL    2,31,87,560 
 given as security for overdraft 
 facility availed by subsidiary.
 
 d) Estimated amount of                           NIL            NIL 
 Contracts remaining to be executed 
 on Capital Account and not provided for.
 
 e) Claim from ONGC for                   3,05,97,784    3,05,97,784 
 expenses incurred by it in
 connection with recovery and allied 
 activities in respect of OEL Vision
 in distress during July 2006 
 (Recoverable from Insurance company)
 
 f) Income Tax demand for NIL 9,03,135 Assessment year 2007-2008
 contested and appealed against.
 
 c) Segment Capital employed Fixed Assets used in the companys business
 or liabilities contracted have not been identified to any of the
 reportable segments, as the fixed assets and services are used
 interchangeably between segments.  Accordingly, no disclosure relating
 to individual segment assets and liabilities has been made. However
 Depreciation has been allocated amongst segments based on best
 estimates of usage of fixed assets in the respective segments during
 the year.
 
 11.  Accounting for Lease
 
 The Company has taken Vehicles on Cancelable Operating Lease and the
 lease rental of Rs.8,67,000/- (Rs.6,33,000/-) is charged to the Profit and
 Loss account.
 
 16.  Deposits include amount with Port Trust of India Rs.50,000/- (PY
 Rs.50,000/-)
 
 17.  The present National Maritime Board (NMB) wage settlement for crew
 expired on 31st March, 2010 and is pending fresh settlement no
 provision for wage arrears has been made in accounts.
 
 19.  Related Party Transactions (Refer Annexure I)
 
 20.  Details of Purchases and Sales of Investments (Schedule -5) (Refer
 Annexure II)
 
 21.  Previous years figures have been regrouped / recast wherever
 necessary to conform to the current years classifications