1.  Decline, if any, in the market value of long term quoted
 investments, considered by management not of permanent nature, has not
 been provided for.
 
 2.  Investments in National Savings Certificate and Kisan Vikas Patra
 amounting to Rs.177 thousand (Previous Year – Rs.1,77 thousand) have
 matured in earlier years and hence no interest has been taken into
 accounts. These investments along with Fixed Deposit with banks
 amounting to Rs. 5,09,018 thousand (Previous Year – Rs. 5,03,762
 thousand) are not in possession of the company as they have been lodged
 as security deposit with clients / Banks.
 
 3.  As regard Contract expenses for executing work it has not been
 possible for the Company to bifurcate the expenses into different heads
 of account as per Part II of the Schedule VI.
 
 4.  Sundry Debtors and Work-in-progress include overdue amount
 aggregating to Rs. 65,770 thousand (Previous Year - Rs. 24,450
 thousand) and Rs. 14,779 thousand (Previous Year - Rs. 23,881 thousand)
 that are under arbitration.  However, the same is considered good by
 the management, based on the opinion obtained and the earlier
 experiences on realization. No provision in this regard is considered
 necessary by the management.
 
 5.  A sum of Rs. 1,221 thousand (Previous Year Rs. 1,332 thousand) is
 lying unpaid in the escrow refund account of the company with its
 refund banker, which is shown under the head ''Other Current
 Liabilities''. The corresponding balance has been included in the
 balances with schedule banks.
 
 6.  a) Payment against supplies from small scale and ancillary
 undertakings are made in accordance with the agreed credit terms and to
 the extent ascertained from available information, there was no amount
 overdue as on 31. 03.2011.
 
 b) Based on the available information with the Company relating to the
 registration status of suppliers under the Micro, Small and Medium
 Enterprises Development Act, 2006, there are no dues to micro and small
 enterprises.
 
 7.  The Company is yet to receive the Balance confirmations in respect
 of certain Bank Balances, Sundry Creditors, Sundry Debtors and
 advances. The balances are, therefore, as per the books of account
 only.
 
 8.  Capital Work-in-progress includes an unfinished commercial outlet
 purchased by the Company from its subsidiary for which the lease deed
 is yet to be executed.
 
 9.  The Company has entered into an agreement dated 08.11.1999 with
 The Kolkata Municipal Corporation (KMC) for installation, development
 and maintenance of Multilevel Computerized Car Parking System
 (hereinafter referred to as ''Project'' ) at Rawdon Street, Kolkata. The
 Company with the consent of KMC has nominated M/s Simpark
 Infrastructure Pvt. Ltd. (SIPL) to carry out the said project, which is
 on Built-Own-Operate-Transfer (BOOT) basis for a period of 20 years.
 KMC has given a deposit of Rupees Three crore to the Company as
 interest free deposit , to be refunded to them only out of the profits
 to be earned under a joint venture with KMC to develop commercial
 complex on a land to be allotted by the KMC. The same has been adjusted
 by the company against civil and other work of the project undertaken
 by it from SIPL. The company has, accordingly adjusted the deposit on
 completion of execution of civil and other works.
 
 Similarly, the Company has entered into another agreement dated
 21/10/2002 with the KMC for installation, development and maintenance
 of another Multilevel Underground Car Parking System at New Market,
 Lindsay Street, Kolkata, which in accordance with its earlier
 agreement, has been nominated to the said SIPL to carry out the
 construction of said project, to lease out commercial outlets and also
 to enter into Lease Agreement with the prospective lessee with a right
 to collect all receivable against Lease Premium. The company, however,
 acts as a Confirming Party to all the lease agreements entered into by
 the said SIPL with the allottee''s of the commercial outlets.
 
 10.  The company was subjected to a search operation by an
 investigating agency in connection with one of its projects during
 which certain documents relating to such project were seized. The audit
 of the company has been carried out without such original documents.
 
 11.  The figures pertaining to the Company''s Libya branch have been
 taken up 16th February 2011 as the construction activities in respect
 of the projects awarded to the company in Libya has completely stopped
 since then due to the political situation prevailing there and
 information thereafter could not be obtained. The financial statement
 of the company for the year 2010-11 hence includes Fixed and Current
 assets of Rs. 82,81,423 thousand and Work done of Rs. 36,55,601
 thousand relating to its said branch in Libya, which pending outcome of
 the uncertainty, the amounts are being carried forward as realisable,
 as they are adequately covered through various insurance policies. The
 same could not be audited and has been prepared by the management. The
 company will be in a position to review after improvement of the
 situation in Libya. The relevant information has been filed with the
 appropriate authorities in this regard.
 
 12.  Site Cost for executing contract work charged off to Profit & Loss
 account includes Rs.277 thousand (Previous Year NIL) relating to prior
 period.
 
 13.  Contingent Liabilities
 
 a) There are outstanding guarantees amounting to Rs. 89,89,887 thousand
 (Previous Year - Rs. 86,84,027 thousand) and outstanding letters of
 credit amounting to Rs. 1,88,845 thousand ( Previous Year - Rs.
 9,73,408 thousand) given on behalf of the Company by Banks. The
 receipts of term deposits are also held by Banks towards margin money
 against the guarantees / letters of credit given by them on Company''s
 behalf, besides the counter indemnity by the Company for such
 guarantees/letters of credit.
 
 b) The Companies claims of certain deduction under the provisions of
 the Income Ta x Act 1961 for the Assessment Year 2007-08 was disallowed
 by the Income Tax Authority, for which the company has preferred an
 appeal with the appellate Tribunal. The matter is yet to be heard. The
 Company has also challenged the issue of claiming the said deduction in
 respect of assessment years 2005-06 to 2009-10 by a writ petition
 before the Hon''ble Calcutta High Court and obtained interim stay order
 from the said High Court restraining the Tax Authority from enforcing
 any demand against the Company. The impact of tax in case of an adverse
 decision is estimated at Rs.1,34,621 thousand (Previous year - 48,145
 thousand).
 
 c) Disputed Sales Tax / VAT under appeal with appropriate forum –
 Rs.66,421 thousand (Previous Year –Rs.4,913 thousand)
 
 14. Segment information for the year ended 31st March, 2011
 
 The Company''s business activity falls mainly within a single primary
 segment i.e. construction business and hence there is no separate
 reportable business segment under primary segment reporting. However,
 as the Company is engaged in execution of work in overseas, the
 secondary segment reporting is prepared based on Geographical Segments
 
 15. The Company has a co-operative incorporated under the laws of
 Netherland, by the name of Simplex Projects (Netherlands) Co-operatie
 U.A., in partnership with M/s Simplex fiscal Holdings Pvt. Ltd. The
 profit and loss sharing of the co-operative between the company and its
 partner is in the ratio of 99:1. As the co–operative is yet to commence
 its business, the entire expenses have been taken as pre-operative
 expenses.
 
 The amount of Rs.3,35,45 thousand (Previous Year – Rs. 19,85,91
 thousand) due from the joint venture have been included in Sundry
 Debtors. The investment in joint venture amounting to Rs. 20 thousand
 (Previous Year – Rs. 20 thousand) are included under the head Other
 Advances.
 
 16. Related Party Disclosures pursuant to Accounting Standard (AS) – 18
 issued by the Institute of Chartered Accountants of India
 
 I.  Related Parties and their Relationships:
 
 Key Management Personnel
 
 Mr. B.K. Mundhra
 
 Mr. J.K. Bagri
 
 Mr. R.D. Mundhra
 
 Mr. S.D. Mundhra
 
 Relative of Key Management personnel
 
 Mrs. Krishna Devi Mundhra
 
 Mrs. Pushpa Mundhra
 
 Subsidiary
 
 Simpark Infrastructure Pvt. Ltd.
 
 Simplex Agri-Infra Services Pvt. Ltd.
 
 Simplex Projects (Netherlands) Co-operative UA
 
 Jointly controlled Entity / Joint Venture
 
 Triveni Engicons Pvt. Ltd –
 
 Simplex Projects Ltd (JV)
 
 Other related party (Entities in which Key Management Personnel or
 Relatives of Key Management Personnel have control or significant
 influence).
 
 Bharat Gypsum Pvt. Ltd.
 
 SPL Gypsum BV
 
 Pioneer Engineering Co. Pvt. Ltd.
 
 SPL International BV
 
 Pioneer Engineering Co. Pvt. Ltd.
 
 Simplex Fiscal Holdings Pvt. Ltd.
 
 Kirti Vinimay Pvt. Ltd.
 
 Datson Exports Ltd.
 
 Prozen Merchants Pvt. Ltd.
 
 Simplex Foundation
 
 Defined Benefit Plan
 
 The employees'' gratuity fund scheme managed by Life Insurance
 Corporation of India is a defined benefit plan. The present value of
 obligation is determined based on actuarial valuation using the
 Projected Unit Credit Method, which recognizes each period of service
 as giving rise to additional unit of employee benefit entitlement and
 measures each unit separately to build up the final obligation. The
 obligation for leave encashment is recognized in the same manner as
 gratuity.
 
 17. Information pursuant to clause 32 of the listing agreements with
 Stock Exchange
 
 The company has given an interest free advance to Simpark
 Infrastructure Pvt. Ltd., (wholly-owned subsidiary) and Simplex
 Agri-Infra Services Pvt. Ltd. (subsidiary), having no repayment
 schedule and outstanding balance is Rs.3,65,046 thousand (Previous Year
 - Rs. 31,83,00 thousand) and Rs. 70,802 thousand (Previous Year - Rs.
 NIL) respectively.
 
 18. Information pursuant to the provisions of Paragraph 3 and 4 of the
 Part II of Schedule VI of the Companies Act, 1956:
 
 The Company being Civil Engineering Construction concern, these are not
 applicable as in running contracts quantities of different type of work
 is not ascertainable.
 
 i) Licensed Capacity
 
 ii) Installed Capacity
 
 iii) Actual Production
 
 iv) Opening & Closing Stock of Goods Produced ascertainable.
 
 v) Raw Material Consumption
 
 vi) TURNOVER
 
 19.  Previous year''s figures have been re-arranged / re-grouped where
 ever considered necessary.