(Rs. in lacs)
                                                   As at     As at
                                               31-03-2008  31-03-2007
 1.  Contingent liabilities not provided for:
 
 a) Guarantees & Undertakings                    1070.41     928.42
 b) Outstanding letters of Credit                 193.49      60.25
 c) Claims against the Company                     17.59      13.71
    not acknowledged as debts
 2. Estimated amount of contracts                1555.02      42.98
    (net of advances) remaining to be
    executed on capital account
 
 3.  Secured loans represent balances in cash credit accounts with
 banks. These facilities are secured by hypothecation of stock—in-trade,
 stores, spares and book debts and further secured by a second charge on
 fixed assets excluding office building, furniture & fixtures and
 vehicles.
 
 4.  Previous years figures have been regrouped/rearranged wherever
 necessary to make them comparable with those of the current year.
 
 5.  The amounts in Balance Sheet and Profit & Loss A/c. are rounded
 off to the nearest thousand and indicated in lacs of rupees.