March 31, 2011     March 31, 2010
 
                                    Rupees in lakhs     Rupees in lakhs
 
 (i) CONTINGENT LIABILITIES
 
 (a) Sales tax matters in dispute 
 relating to issues of applicability
 and classification                      575.52             106.33
 
 In respect of the above sales tax 
 matters in dispute, the Company has
 deposited Rs.10.54 lakhs (Previous 
 year Rs.34.10 lakhs) against various
 orders, pending disposal of the 
 appeals. This amount is included under
 Schedule 10 - Loans and Advances, 
 considered good.
 
 (b) Excise duty and service tax matters 
 in dispute relating to applicability 
 and classification                     1,114.29          1,114.29
 
 In respect of the above excise and 
 service tax matters in dispute, the
 Company has deposited Rs.2.50 lakhs 
 (Previous year Rs.2.50 lakhs)
 against various orders, pending 
 disposal of the appeals. This amount 
 is included under Schedule 10 - 
 Loans and Advances, considered good.
 
 (c) Income Tax matters in dispute        45.04             33.61
 
 (d) Corporate guarantee given on 
 behalf of subsidiary company (SGD 9.5
 million)                              3,398.15          3,051.12 
 
 (Outstanding amount against the 
 guarantee)                          (1,982.25)        (2,797.12)
 
 (e) Claims against the Company not 
 acknowledged as debt                    461.00            561.00
 
 (f) Others                               23.42             23.42
 
 (iii) Estimated amount of contracts 
 remaining to be executed on capital
 account and not provided for.           361.99           1089.97
 
 (iv) Provision of Rs.138.00 lakhs (Previous year : Rs. 99.00 lakhs) has
 been made for anticipated warranty costs relating to certain products
 manufactured and sold by the Company upto March 31, 2011 on the basis
 of technical and available cost estimates.
 
 (v) Revision in projected profit/(loss) on contracts arising from
 change in estimates of cost to completion of contracts are reflected
 during the course of the work in each accounting year. These have not
 been disclosed in the Financial Statement as the effect cannot be
 accurately determined.  (vi) The Company through its wholly owned
 subsidiary TRF Singapore Pte Ltd. entered into a Share Purchase
 Agreement on April,15, 2010 with existing shareholders of Hewitt Robins
 International Holding Limited, a United Kingdom based Company engaged
 in design, manufacturing of screens, mobile crushing and related
 products to acquire 100% shares in the Company for a consideration
 comprising of an initial purchase consideration of GBP 3.00 million and
 a future additional consideration based on future performance of the
 company.
 
 The acquisition has been funded by raising Commercial Borrowing of GBP
 3.50 million from DBS Bank, Singapore to be repaid over a period of 4
 years.
 
 (vii) No provision has been made for liquidated damages and other
 claims by certain customers, wherever these have been refuted by the
 Company and it expects to settle them without any loss. Pending
 settlement of these claims, the relative sundry debtors balances have
 been shown in the accounts as fully recoverable and have been disclosed
 as contingent liabilities under Claims against the Company not
 acknowledged as debt.
 
 (viii) Scrap and off-cuts at the contract sites are being accounted on
 cash basis, since segregation and quantification of such items at the
 financial year end is not practicable in view of the contracts being in
 progress.
 
 Stock of Works division scrap and off-cuts have been brought into
 account as on March 31, 2011 in accordance with past practice.
 
 (b) The company operates post retirement defined benefit plans as
 follows :
 
 a.  Unfunded
 
 1.  Leave encashment
 
 2.  Pension to Directors
 
 3.  Farewell Gifts
 
 4.  Post Retirement Medical benefits of ex-employees.
 
 b.  Funded 1.  Gratuity
 
 # Amount transferred from associate companies Rs. 1.54 lakhs (Previous
 year Rs. 5.73 lakhs) ## Includes Rs. 1.87 lakhs of unpaid liability
 pertaining to a subsidiary company
 
 * The gratuity liability in respect of P&YE division of the Company is
 determined based on premiums charged by LIC under the group gratuity
 scheme. Expenses recognised in the period as disclosed above excludes
 Rs. 9.39 lakhs (Previous year Rs. 6.99 lakhs) contributions made by P&
 YE division to LIC. Amount recognised in the balance sheet as disclosed
 above excludes Rs.Nil (Previous year Rs. 2.13 lakhs) pertaining to P &
 YE division.
 
 Disclosures pursuant to AS - 15 have not been made in respect of the
 Post retirement Gratuity plan of P&YE division as details have not been
 furnished by LIC to the company and the amounts are not expected to be
 material.
 
 The basis used to determine overall expected rate of return on assets
 and the effect on major categories of plan assets is as follows:
 
 The major portions of the assets are invested in PSU bonds and Special
 Deposits. The long term estimate of the expected rate of return on the
 fund assets have been arrived at based on the asset allocation and
 prevailing yield rates on these asset classes. Assumed rate of return
 on assets is expected to vary from year to year reflecting the returns
 on matching Government Bonds.
 
 Disclosures pursuant to AS - 15 have not been made in respect of
 Farewell Gifts and Post Retirement Medical Benefits of ex-employees as
 the amounts are not expected to be material.
 
 (xvi) (a) In respect of one (Previous year: Nil) outstanding forward
 exchange contract for USD 11.25 lakhs (Previous year: Nil), the premium
 / discount on the contract to be recognised in the profit and loss
 account in the subsequent period is Rs. 9.23 Lakhs (Previous year: Nil)
 and the amount recognised in the profit and loss account for the
 current year Rs. 13.89 lakhs (Previous year: Nil). The net difference
 in foreign exchange debited to the profit and loss account arising out
 of such forward transactions in the current period is Rs.6.47 lakhs
 (Previous year: Nil). These forward contract has been entered into by
 the Company to hedge the installment payable on the foreign currency
 term loan.
 
 (xvii) The Company has agreed to provide contingent support to its
 wholly owned direct subsidiary (WOS), TRF Singapore Pte Ltd. only in
 the event of the WOS being unable to generate the required liquidity
 internally or externally.
 
 (xviii) Figures for the previous year have been regrouped and restated
 wherever necessary.