1. Contingent Liabilities not provided for (As certified by the
 Management)
 
                                                         (Rs. in Lacs)
 
                                                As at            As at
 Particulars                           March 31, 2011   March 31, 2010
 
 Guarantees given by banks on 
 behalf of the Company                      55,704.01        73,095.87
 
 Corporate Guarantees given 
 by the Company                              1,000.00         2,000.00 
 Claims against the Company not 
 acknowledged as debts in respect of
 
 a.  Income Tax matters                      1,512.86              Nil
 
 b.  Sales Tax matters                            Nil              Nil
 
 c.  Excise Duty matters                          Nil              Nil
 
 d.  Others Nil Nil Letter of Credit         1,348.69         3,992.43 
 
 Total                                      59,565.56        79,088.30
 
 2.  Capital Commitments
 
 Estimated amount of contracts (net of advances) remaining to be
 executed on capital account and not provided for is Rs. Nil (Previous
 Year: Rs. Nil).
 
 3.  Bank balance under Current Liabilities represent credit balances in
 bank accounts as at the Balance Sheet date to book entries standing in
 bank reconciliation.
 
 4.  Interests under Finance Charges are net of Interest income
 amounting to Rs. 3,915.38 Lacs (Previous Year Rs. 2,557.84 Lacs).  Tax
 Deducted at Source on Interest Income is Rs. 391.54 Lacs (Previous Year
 Rs. 521.58 Lacs).
 
 5. Disclosures under the Micro, Small and Medium Enterprises
 Development Act, 2006
 
 The Company has not received any intimation from ‘suppliers'' regarding
 their status under the Micro, Small and Medium Enterprises Development
 Act, 2006 and hence disclosure requirements in this regard as per
 schedule VI of the Companies Act, 1956 could not be provided.
 
 6.Segment Information
 
 In line with Accounting Standard 17 on ‘Segment Reporting'', taking into
 account organizational structure, product type as well as the differing
 risks and returns criterion, the Company is engaged in only one
 reportable segment viz., Construction and Engineering.
 
 7. Related Party Disclosures 
 
 Refer Annexure attached.
 
 8. Operating Leases
 
 Disclosure under Accounting Standard 19 (Leases) issued by the
 Institute of Chartered Accountants of India, the Company has taken
 various residential/ office premises (including Furniture and Fittings
 if any) under Leave and License agreements for periods which generally
 range between 11 months to 3 years. These arrangements are renewable by
 mutual consent on refundable security deposits. These payments are
 recognized in Profit and loss Account under Rent, Rates and Taxes.
 
 9. Income Tax Assessment Status
 
 The Income-Tax assessments of the Company have been completed up to
 Assessment Year 2008-09. The disputed demand outstanding from
 Assessment Year 2003-04 to Assessment Year 2008-09 is Rs.1,512.86 Lacs.
 Based on the decisions of the Appellate authorities and the
 interpretations of other relevant provisions, the Company has been
 legally advised that the demand is likely to be either deleted or
 substantially reduced and accordingly no provision has been made.
 
 10. In the opinion of the Board of Directors, the Current Assets, Loans
 & Advances have a value on realisation in the ordinary course of
 business at least to the extent of amount stated in the Balance Sheet.
 No Confirmations have been obtained from Sundry Debtors, Sundry
 creditors and for Loans & Advances and Tender deposits outstanding. The
 amounts shown in the Balance Sheet are, therefore, as per books of
 accounts.
 
 11. The interest has not been provided on Unsecured Loans received from
 Directors, since these are considered as interest free.
 
 12. Impairment of Assets:
 
 On a further assessment of the Impairment of Fixed Assets of the
 Company as at Balance Sheet date as required by Accounting Standard 28
 (AS – 28): Impairment of Assets issued by the Institute of Chartered
 Accountants of India, company is of the view that no provision for
 impairment of Fixed Assets is required.
 
 13. The provision for income tax and deferred tax has been worked out
 on the basis of assumption that outstanding statutory liability will be
 paid on or before the due date of filling of income tax return.
 
 14. Prior year comparatives have been reclassified to confirm with the
 current year''s presentation, wherever applicable.