1.  Contingent Liabilities not provided for:
 
                                               (Amount in Rupees)
                                           Amount         Amount
 Particulars                                as on          as on
                                       31-03-2011     31-03-2010
 
 a.  Claims against the Company 
 not acknowledged as debts            8,13,03,074    8,13,03,074
 
 b.  Excise duty Demand in
 dispute                                15,16,541      15,16,541
 
 c.  Labour Cases in Vapi 
 Labour Court                         1,50,00,000            Nil
 
 d.  Sales Tax Assesment 
 06-07 Demand                         3,91,94,483            Nil
 
 e.  Rajasthan Sales Tax 
 Assesment 08-09                        10,49,705            Nil
 
 
 2.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for (Net of Advances) Rs. 99,71,268/ -
 (Previous Year Rs. 53,03,898/-).
 
 3.  As per Revised Accounting standard 15 Employee Benefits, the
 disclosure of employee benefits as defined in the Accounting Standard
 are given below:
 
 a) Defined Contribution Plan:
 
 Employers Contribution to Government managed Provident Fund & Family
 Pension Fund - Rs. 37, 29,369/ - (Previous Year Rs. 34, 86,159/- ).
 
 Employers Contribution to ESIC - Rs. 93,916/ - (Previous Year Rs.
 61,108/-).
 
 4.  Leave Encashment:
 
 The actuarial value of leave encashment liability of Rs. 3,691,796/ -
 is based on the following assumptions as per the actuarial certificate
 under revised AS - 15. The assumptions are 5% as salary escalation,
 average of 2% as attrition and discount rate 8.25% as an assumption.
 
 5.  Leases
 
 The Company has taken office premises under operating lease or leave
 and license agreements. These agreements are for a period of 11 months
 to 3 years, cancelable during the life of the contract at the option of
 both the parties and contain stipulation for up to 10 % increase in
 lease rentals. Minimum lease payments charged during the period to the
 profit and loss account aggregated to Rs. 28,83,376/ - (Previous year
 Rs.28,05,000/-).
 
 Previous year, the Company had entered in to an operating lease of
 Equipment for 60 months i.e. 20 quarters of 3 calendar months each,
 commencing from 1st day of the month in which the Equipment is
 delivered to the Company.  Lease Rent charged during the period of
 profit & loss account aggregated to Rs. 1, 32, 02,205/ - (Previous Year
 Rs.88,95,080/-).
 
 The Company has taken lease against Land for total 120 months i.e. 40
 quarters of 3 calendar months each, commencing from 01.04.2010. Lease
 Rent charged during the period of Profit & Loss account aggregated to
 Rs. 4, 16,748/ - (Previous Year Rs. Nil).
 
 6.  Related party disclosures as per Accounting Standard-18
 
 LIST OF RELATED PARTIES
 
 (A) *Key Management Personnel (KMP) and their Relatives
 
 Dr. Narendra D. Desai       - Chairman
 
 Shri. Kushal N. Desai       - Director
 
 Shri. Chaitanya N. Desai    - Director
 
 Shri. V. K. Bajaj           - Chief Operating Officer
 
 (B) Other Related Parties with whom transactions have taken place.
 
 1.  Marine Cables & Wires Pvt Ltd.   - Subsidiary Company.
 
 2.  Apar Industries Limited          - Holding Company.
 
 3.  Apar Corporation Pvt. Ltd.       - Director/Member
 
 4.  Petroleum Specialities Pte ltd.  - Subsidiary of the Holding
 Company
 
 (C) Other Related Parties where control exists but no transactions have
 taken place during the year.
 
 1.  Kushal Chaitanya Desai Family Trust.
 
 2.  Apar Masat Conductors Ltd.
 
 3.  Apar Technologies Private Ltd.
 
 4.  Catalis World Private Ltd.
 
 5.  Kushal N. Desai Family trust
 
 6.  Scope Pvt. Ltd & its Subsidiaries
 
 7.  Chaitanya Desai Family Trust
 
 * The Directors are the Key Management Personnel (KMP) who have the
 authority and responsibility for planning, directing and controlling
 the activities of the Company.
 
 7.  Segment Reporting
 
 Due to change in Industrial environment, the assets of Telecom Cables
 are being utilized for Power Cables. Due to this, there is only one
 segment of operations in Cables and Conductors.
 
 Installed capacity Cables and Conductors 69,480 KM - 2010-2011 (34,720
 KM - 2009-2010).
 
 8.  Impairment
 
 The management is of the view that Accounting Standard (AS) 28, on
 Impairment of Assets is not applicable as the carrying amount of the
 assets is lower than the present value.
 
 9.  Taxation
 
 No provision of Tax has been made in view of losses.
 
 10.  Deferred Taxation
 
 There is no deferred tax liability in the current year as the Book
 depreciation is higher than the Income Tax depreciation. Also due to
 concept of prudence, deferred tax assets is not recognized in all cases
 of timing difference due to depreciation, unabsorbed losses as per Para
 15 & 17 of Accounting Standard 22 Accounting for Taxes on Income
 issued by the Institute of Chartered Accountants of India.
 
 11.  Depreciation and write off include Rs. 1, 47,474/ - (Previous year
 Rs. Nil) on account of proportionate leasehold land value written off.
 
 12.  In the opinion of the Board, the current assets, loans and
 advances have a value on realisation in the ordinary course of business
 at least equal to the amount at which they are stated.
 
 13.  Sundry Debtors, Sundry Creditors, Loans and Advances, Loans to
 Employees, Advances from Customers, Sundry deposits, Earnest Money
 Deposits paid are subject to confirmations and are as per books of
 accounts only.
 
 14.  There is no amount due and outstanding as at the balance sheet
 date to be credited to Investors Education and Protection Fund.
 
 15.  The Previous year''s figures have been regrouped/recast wherever
 considered necessary to make them comparable with that of current year.
 
 16.  Information required in terms of Part IV of Schedule VI of the
 Companies Act 1956 attached.
 
 17.  Draft Rehabilitation Scheme (DRS) of the Company which Interalia
 includes scheme of Amalgamation of Company with Apar Industries Ltd.,
 Holding Company (AIL) with effect from 01st April 2010 (Transfer Date)
 has been submitted to Board for Industrial and Financial Reconstruction
 (BIFR) by Operating Agency (OA) appointed by BIFR, for its final
 consideration. Shareholders of the Holding Company (AIL) have approved
 the DRS subject to approval of and other regulatory approval.