1 Corporate Information
 
 Super Spinning Mills Limited is a public limited company domiciled in
 India and incorporated under the provisions of the Companies Act, 1956.
 The company is engaged in the manufacture and selling of cotton yarn
 and its shares are listed on the Bombay Stock Exchange and the National
 Stock Exchange. The company has manufacturing units in Tamil Nadu and
 Andhra Pradesh.
 
 2.1 There is no change in the number of shares outstanding at the
 beginning and at the end.
 
 2.2 Details of security for Long-term Borrowings
 
 The term loans from banks and financial institutions are secured by:
 
 a.  Pari-passu first charge on specific Moveable and Immoveable
 properties of the Company.
 
 b.  Second charge on current assets of the Company.
 
 3.1 Working Capital loans are secured by:
 
 a.  First charge by way of Hypothecation of Inventories, Book Debts and
 other current assets of the Company.
 
 b.  Second charge on specific Moveable and Immoveable properties of the
 Company.
 
 4 Trade Payables
 
 The company has initiated the process of obtaining confirmation from
 suppliers who are covered under the Micro, Small and Medium
 Enterprises Development Act, 2006. Based on the information and
 evidence available with the company, there are no dues to Micro, Small
 and Medium Enterprises, outstanding as on 31.03.2012.
 
                                                             Rs. Lakhs
  
 5.1 Contingent Liabilities:                  31.03.2012    31.03.2011
 
 Letters of Credit                              1,715.28      2,310.30
 
 Bank Guarantees                                    6.00          6.00
 
 Bills discounted with company''s bankers          738.11      2,886.91
 
 Disputed demands from Income tax authorities   1,757.62      3,058.64
 
 Disputed Excise duty liability                    75.98        287.57
 
 Disputed Sales tax liability                      83.93         83.93
 
 Corporate Guarantee to bank on behalf 
 of subsidiary                                    270.00        270.00
 
 5.2 Details of employee benefits as required by the Accounting
 Standard 15(Revised) are as under:
 
 a) Description of the company''s defined plan: The company operates a
 defined plan for payment of post employment benefits in the form of
 gratuity.
 
 Benefits under the plan are based on pay and years of service and are
 vested on completion of five years of service, as provided in the
 Payment of Gratuity Act, 1972. The terms of benefit are common for all
 the employees of the company.
 
 e) Investment Details: LIC Group Gratuity(Cash Accumulation) Policy -
 100% invested in Debt instruments.
 
 5.3 The revised Schedule VI has become effective from 1st April 2011,
 for the preparation of financial statements. This has significantly
 impacted the disclosure and presentation made in the financial
 statements. Previous years figures have been regrouped and
 reclassified, wherever necessary, to correspond with the current years
 classification / disclosure.