1.  Raw Material and Components consumed are net of Rs. 3036.74 Lacs
 (Previous Year Rs. 2522.39 Lacs) being the value of dispatches made to
 vendors for job work.
 
 2.  Miscellaneous Income in Schedule 12 includes :
 
 a) Nil (Previous Year Rs. 29.54 Lacs) being provision for slow moving
 inventory written back.
 
 b) Rs. 171.99 Lacs being Service Income from Business Support fees.
 
 3.  The Company has an R&D Centre (Approved by the Department of
 Scientific and Industrial Research, Ministry of Science & Technology,
 Govt. of India) on which revenue expenditure incurred in addition to
 capital expenditure is Nil (Previous Year Rs.  7.07 Lacs) is as under:
 
 4.  Defined Benefit Plans
 
 ii) The Company operates post retirement defined benefit plan for
 retirement gratuity, which is funded.
 
 5.  Assumptions
 
 The estimates of future salary increases, considered in actuarial
 valuation, take into account inflation, seniority, promotions and other
 relevant factors including supply and demand in the employment market.
 The above information is certified by the actuarial valuer.
 
 The discount rate is based on the prevailing market yield of Govt.
 Bonds as at the date of valuation.
 
 Expected return on asset - The expected return on assets over the
 accounting period, based on an assumed rate of return.
 
 iv) Investment details of plan assets :
 
 The Gratuity Trust has taken up a group policy with Life Insurance
 Corporation of India.
 
 6.  Expenditure on account of premium on forward exchange contracts to
 be recognised in the Profit & Loss Account of subsequent accounting
 period aggregates to Rs. 60.21 Lacs (Previous Year Rs. 68.52 Lacs).
 
 7.  Interest in Joint Ventures
 
 a) During the year the Company was holding 24,000 Equity Shares of US
  each in Sona Autocomp Inc., incorporated in USA. This was 24% of the
 paid up share capital of Sona Autocomp Inc.
 
 The Companys interest in this joint venture was reported as Long Term
 Investments (Schedule 5) and was stated at Cost at the beginning of the
 year.
 
 During the year the Company has sold its entire Investment in the said
 Joint Venture.
 
 b) During the year the Company was holding 12,000 Equity Shares of Euro
 1 each in Sona Autocomp Europe SARL, incorporated in France. This was
 24% of the paid up share capital of Sona Autocomp Europe SARL
 
 The Companys interest in this joint venture was reported as Long Term
 Investments (Schedule-5) and was stated at Cost at the beginning of the
 year.
 
 During the year the Company has sold its entire Investment in the said
 Joint venture.
 
 c) During the year the Company was holding 27,60,000 Equity Shares of
 Rs. 10/- each in AAM Sona Axle Pvt. Ltd.  incorporated in India. This
 was 30% of the paid up capital of AAM Sona Axle Pvt. Ltd.
 
 The Companys interest in this joint venture was reported as Long Term
 Investments (Schedule 5) and was stated at Cost at the beginning of the
 year.  During the year the Company has sold its entire Investment in
 the said Joint venture.
 
 8.  Operating Leases
 
 a) The Company has taken various residential, vehicle and office
 premises under operating lease or lease and licence agreements. These
 are cancelable, have a term of 11 months and five years. The agreements
 for premises cannot be terminated by either party before the expiry of
 one year. Agreements for leasing of vehicles can generally be
 terminated early by payment of nominal fees. The lease arrangements are
 generally renewable on the expiry of lease period subject to mutual
 agreement. Lease payments are recognised in the Profit & Loss Account
 in the year incurred
 
 The Company has taken cars for its employees under operating lease
 agreement. An amount of Rs. 25.28 Lacs (Previous Year Rs. 44.02 Lacs)
 is recognised as lease expenses in the Profit & Loss Account for the
 year ended March 31, 2011.  The future lease payments are
 
 (i) upto 1 year Rs. 21.89 Lacs (Previous Year Rs. 26.04 Lacs)
 
 (ii) between 1 to 5 years Rs. 27.66 Lacs (Previous Year Rs. 16.77 Lacs)
 
 b) The Company has given part of its factory building at Chennai under
 operating lease on lease and licence agreement.  The agreement for
 premises cannot be terminated by either party before the expiry of
 three years. The lease arrangement is renewable on the expiry of lease
 period subject to mutual agreement. Lease receipts of Rs. 37.01 Lacs
 are recognised in the Profit & Loss as per terms of agreement. The
 future lease receipts are
 
 (i) upto 1 year Rs. 38.85 Lacs (Previous Year Rs. Nil)
 
 (ii) between 1 to 5 year Rs. 68.89 Lacs (Previous Year Nil)
 
 9.  The Company is primarily engaged in the business of auto
 components of four wheelers, which are governed by the same set of risk
 and returns, and hence there is only one primary segment. The Company
 operates mainly to the needs of domestic market and export turnover is
 less than ten percent of the total turnover and hence there are no
 reportable secondary geographical segments.
 
 10.  Provision for warranty account details as required by AS-29
 
 The warranty expenses of Rs. 151.81 Lacs (Previous Year Rs. 120.01
 Lacs) are charged off to Profit & Loss Account included under the head
 Forwarding Expenses (Schedule 16).
 
 11 (a).  Related Party Disclosures (Transactions with Related Parties)
 
 Name of Related Parties & Description of Relationship is as below :
 
 1.  The Individual/Entity 
 Excercising Control over 
 the Company                1.  Dr. Surinder Kapur
 
 2.  The entity having 
 substantial interest in 
 the Company                1.  JTEKT Corporation
 
 3.  Joint Ventures         1.  Sona Autocomp Inc.  
 
                            2.  Sona Autocomp Europe SARL 
 (Part of the year 
 till disposal of 
 respective investments)    3.  AAM Sona Axle Pvt. Ltd.
 
 4. Others 
 (Significant Influence)    1.  Sona Somic Lemforder Components
                                Ltd.  
 
                            2.  Sona Okegawa Precision Forgings Ltd.
 
                            3.  Mahindra Sona Ltd.  
 
                            4.  Maruti Suzuki India Ltd.
 
                            5.  Sona e-Design and Technologies Ltd.
 
                            6.  Fuji Autotech AB, Sweden
 
                            7.  Pune Heat Treat Pvt. Ltd. 
 
                            8.  DRSK Management Services Pvt. Ltd
 
                            9.  Sona Mobility Services Ltd.
 
                           10.  Sona Autocomp Holding Pvt. Ltd
 
                           11.  Kapur Properties & Investment
 
                           12.  Fuji Autotech Europe SAS
 
 5.  Subsidiaries           1.  Sona Fuji Kiko Automotive Ltd.  
 
                            2.  Sona Stampings Ltd.
 
                            3.  JTEKT SONA Automotive India Ltd.
 
 6.  Key Management
     Personnel              1.  Dr. Surinder Kapur - (Transactions
                                disclosed under category (1) above)
 
                            2.  Mr. Sunjay Kapur 
 
                            3.  Mr. P.V. Prabhu Parriker
 
                            4.  Mr. Kiran M. Deshmukh 
 
                            5.  Mr. Sudhir Chopra
 
                            6.  Mr. Govindrajan Sunder Rajan
 
 12.  The amount of excise duty disclosed as deduction from turnover is
 the total excise duty for the year except excise duty related to
 difference between the closing stock and opening stock and excise duty
 paid but not recovered, which has been disclosed as excise duty expense
 in Raw Material and Components Cost - Increase/(Decrease) in excise
 duty on finished goods under Schedule 14 annexed and forming part of
 Profit & Loss Account.
 
 13.  Previous year figures have been regrouped/recast wherever
 necessary.