1.  No provision has been made for depreciation on assets, which have
 already been depreciated to the extent of 95% of the value.
 
 2.  The Company trades in textiles only, hence the requirement for
 segment reporting is not applicable.
 
 3.  Earning per share - No. of Equity Shares 8,96,791. Loss for the
 year Rs.45.86 Lacs.  Earning per share of Rs. 10/- each Rs. -5.11
 (Previous Year Rs.-0.78)
 
 4.  The accumulated losses of the Company exceed its net worth. However
 these accounts have been prepared on a going concern basis as the
 management believes that the company will be able to meet all its
 liabilities on the basis of the financial support from its
 Promoters/Directors who have agreed to provide all the necessary
 financial support from time to time.
 
 Accordingly these financial statements do not include any adjustments
 relating to the recoverability and classification of the carrying
 amount of Assets or the amount and classification of Liabilities that
 might have to be done should the company be unable to continue as Going
 Concern.
 
 5.  The proposed property development at Colaba, Mumbai could not
 commence in the absence of requisite approvals/sanctions from the
 authorities concerned due to objections raised by Navy resulting in the
 litigation on the matter, which is still continuing.
 
 Certain administrative expenses incurred during the year have been
 debited to Property Development Expenses as per practice followed since
 last few years and carried in the Balance Sheet.
 
 6.  Related Party Disclosures
 
 I.  Directors/key Management Personnel:
 
 1. Mr. S. N. Agarwal - Chairman   2. Mr. D. P. Agarwal - Director
 
 3. Mr. M. K. Agarwal - Director
 
 II.  Enterprises over which persons at I above exercise significant
 influence/relatives:
 
 1.  M/s. Bhoruka Engineering Inds. Ltd
 
 2.  Mr. Chander Agarwal          8.  M/s. Pragya Enterprises.
 
 3.  Mr. D. P. Agarwal            9.  Mr. S. N. Agarwal
 
 4.  Mrs. Kanika Agarwal         10. Mr. Siddhartha Agarwal.
 
 5.  Mr. M. K. Agarwal           11. Mrs. Umah Agarwal.
 
 6.  M/s. Mahindra Investment 
 Advisors P. Ltd                 12.Mr.Vivek Agarwal
 
 7.  Mrs. Nidhi Agarwal.         13. Mr. Vineet Agarwal.
 
 III.  Nature of transaction:
 
 Advances received against proposed property development 35.70 Lacs
 
 Advances Refunded                                       00.00 Lacs
 
 Balance carried forward as on 31/03/2011               825.74 Lacs