1.  Sundry Debtors and advances (considered good) include certain
 overdue debts/ old advances aggregating to Rs.1208 (Previous Year
 Rs.1485) for which necessary steps are being taken for realisation and
 as such no provision there against is considered necessary in these
 accounts.
 
 2.  Balances of certain Sundry Debtors, Sundry Creditors, Loans and
 Advances and Other Liabilities are in process of
 confirmation/reconciliation. The management is of the opinion that
 adjustment if any arising out of such reconciliation would not be
 material.
 
 3.  Sales tax remission was granted to the company by State Government
 initially for a period of 9 years which ended on 30.03.2010. The
 management is of the opinion that as per the law the company is
 entitled for remission for 13 years and necessary legal steps are being
 taken in this regard. Therefore, the VAT liability under dispute for
 the year 2010-11 Rs. 13301 is shown under the head Contingent
 Liability.
 
 4.  Excise duty on sulphuric acid principally used for captive
 consumption of SSP (Finished Goods) has not been considered for
 valuation of stock of sulphuric acid under AS-2 consistently over the
 years. However, excise duty on fertilizers which is chargeable since
 1st March, 2011 and is consid- ered for valuation of fertilizer
 inventory as on 31.03.2011
 
 5.  In the opinion of the Board the Current Assets, Loans and advances
 appearing in the company''s balance sheet as at the year end would have
 value on realization in the normal course of business at least equal to
 the respective amounts at which they are stated in the balance sheet.
 
 6.  Other income includes Rs.99 (Previous Year Rs.57), which represent
 net effect of some very old outstanding balances written off/back
 (net).
 
 7.  Under the Micro, Small and Medium Enterprises Development Act,
 2006, certain disclosures are required to be made relating to micro,
 small and medium enterprises.  The company is in the process of
 compiling relevant information from its suppliers about their coverage
 under the said Act, since the relevant information is not readily
 available, no disclosure has been made in these accounts.
 
 8.  (a) Estimated amount of Capital Commitments net of advances as at
 31.03.2011, and not pro vided for is Rs. Nil (Previous year Rs. Nil).
 
 (b) Contingent Liabilities                  2010-11          2009-10
 
 (Not provided for) in respect of :-
 
 - Letter of Credit                            89978           83487
 
 - Bank Guarantees                              8332            4832
 
 - Sales Tax matters under dispute             13301              —
 
 - Income tax matters under appeals            10766           15980
 
 
 9.  Consumption of raw materials includes foreign exchange loss of
 Rs.400 (Previous year gain of Rs.6018).
 
 10.  Information pursuant to the provisions of paragraphs 3,4C and 4D
 ofPart II of Schedule VI to the Companies Act, 1956.
 
 a) The Company manufactures Single Super Phosphate (S.S.R), Granulated
 Single Super Phos- phate (G.S.S.R), Mixture Fertilisers (N:P:K) and
 Sulphuric Acid (S.A.) and the relevant particu- lars thereof are as
 under:-
 
 11. Retirement Benefits
 
 Defined Benefits Plan
 
 The company has subscribed to group gratuity policy with the Life
 Insurance Corporation of India to cover its liability towards
 employees'' gratuity. Gratuity liability has been actuarially calculated
 and the same has been provided for as on the date of Balance Sheet.
 Summary of Gratuity Plan is given below:-
 
 The company extends the benefit of leave encashment to its employees
 while in service. Leave encashment benefits are accounted for on the
 basis of actual valuation as at year end.
 
 Defined Contribution Plan
 
 Contribution to Defined Contribution Plan i.e. contribution to
 Provident Fund amounting to Rs.1684 (Previous year Rs.1536) has been
 recognized as expenses in the year and charged to revenue account.
 These contributions are made to the fund administered and managed by
 Regional Provident Fund Commissioner, Jalpaiguri.  15. SEGMENT
 INFORMATION
 
 The business segments have been identified on the basis of the products
 manufactured by the Company i.e. Fertilizers & Sulphuric Acid. Mainly
 Sulphuric Acid is captivity used for production of SSP. The company is
 managed organizationally as one unified entity, hence there are no
 separate geographical segments.
 
 12. For the purpose of calculation of Earning Per Share in accordance
 with Accounting Standard 20 issued by ICAI, profit after tax Rs.9362
 and 45,61,580 equity shares (based on weighted average) of Rs.10/- each
 fully paid up have been considered.
 
 13.  Deferred Tax Accounting:-
 
 As per the Accounting Standard 22 on Accounting for Taxes on Income
 issued by the Institute of Chartered Accountants of India, deferred tax
 credit for the year Rs.1043 has been recognised in the Profit and Loss
 Account for the year. Details of Deferred Tax Assets/(Liabilities) as
 on 31.03.2011 are as follows:
 
 a.  - Items under Section 43B of IT Act Rs.  493
 
 b.  - Depreciation Rs. (17711)
 
 c.  Net Deferred Tax Assets/(Uabilities) Rs. (17218)
 
 14. Management has evaluated value in use of its fixed assets as
 required by Accounting Standard 28. On evaluation, management is of the
 opinion that there is no impairment of the Company s assets as on 31st
 March, 2011 and hence no provision is required.
 
 Related parties are identified by the management.
 
 15.  Figures in the Balance Sheet and Profit and Loss Account have been
 rounded off to the nearest thousands.
 
 16.  Previous year''s figures have been regrouped/rearranged wherever
 necessary.