NOTE - 1.1 NATURE OF SECURITIES
 
 I.  Term Loans (A Above) obtain from. State Bank of India is Secured by
 way of hypothecation of Wind Mill with all its accessories located at
 plot No. BAR 06 at village ; Baridia, Taluka : Dwarka, District:
 Jamnagar, Gujarat and Karur Vysya Bank is secured by way of
 hypothecation of assets acquired through said term loan.
 
 II.  Vehicles Loans acquired on HP Loans form Banks (B Above) are
 secured by exclusive charged on respective Vehicle purchased through
 those on.
 
 NOTE - 2 RELATED PARTY DISCLOSURE
 
 Related Party disclosure as required by AS-18, are given below:
 
 I) Relationship;
 
 a) Subsidiary of the Company
 
 - Nil
 
 b) Associates and Joint Ventures
 
 - Nil
 
 c) Individuals having significant influence
 
 - Mr. Sudarshan Amin (Managing Director)
 
 d) Key Managerial Personnel & Relatives thereof
 
 - Mr. Sudarshan Amin (Managing Director)
 
 - Mr.Sudarshan Amin (Managing Director)
 
 - Mr. Ambalal Patel (Whole Time Director)
 
 - Mr. PhagunAmin (Executive Director)
 
 - Mrs Urmilaben Patel, Mr. Tanmay Patel
 
 e) Enterprises over which (c) & (d) above have significant influence
 
 - Chemfilt
 
 - Cera Coats
 
 Note 3
 
 As The Company''s business activity, in the opinion of the management,
 falls within a single primary segment subject to the same risk and
 return, the disclosure requirement of Accounting Standard AS-17
 Segment Reporting issued by the Institute of Chartered Accountants
 of India are not applicable.
 
 Note 4 CONTINGENT LIABILITIES AND COMMITMENTS
 
                                                       (INR In ''000s) 
            
                                                    As at         As at 
                                          31st March 2012 31st March 2011
 
 (i) Contingent Liabilities
 
 (a) Claims against the Company/disputes 
 & liabilities not acknowledge against debt      6568,00        9534.25
 
 (b) Guarantee                                  61230.85       62392.11
 
 (c) Letter of Credit                           37668,94       61876.60
 
 (ii) Commitments
 
 (a) Estimated amt. of contract remaining 
 to be executed on capital advance               2226.61       14070.00
 
 (b) Other commitments
 
 NOTE 5 PROPOSED DIVIDEND
 
 The Board of Directors have proposed equity dividend of Rs. 2,20
 (Previous Year Rs. 2,00) per equity share of Rs. 10 each. The aggregate
 amount of equity dividend proposed to be distributed is Rs. 12784.48
 thousands (Previous Year Rs. 11622.25 thousands) Including Dividend
 distribution tax of Rs 1784.48 thousands (Previous Year Rs. 1622.25
 thousands)
 
 NOTE 6 PREVIOUS YEAR FIGURES
 
 During the year ended 31 st March, 2012, the Revised Schedule VI
 notified under The Companies Act, 1956 has become applicable to the
 company for preparation and presentation of its financial statement.
 The adoption of revised schedule VI dose not impact recognition and
 measurement principles followed for preparation of financial
 statements. However, it has significant impact on presentation and
 disclosure made in the financial statement. The company has also
 reclassified the previous year figure in accordance with the
 requirement applicable in the current year. In view of this
 reclassification, certain figures of current year are not strictly
 comparable with those of the previous year.
 
 NOTE 7
 
 Note 1 to 36 form an integral part of the financial statements.