1.  Particulars of raw material consumed, sales and stock of fnished
 goods
 
 Pursuant to Press Note No. 2/2011 dated 8 February 2011, issued by the
 Ministry of Corporate Affairs, disclosures required by Para II, para
 3(i) (a), 3(ii)(a) and 3(ii)(b) and 3(ii)(d) of Schedule VI to the
 Companies Act, 1956 are not required to be disclosed.
 
 2. Earning in foreign currency (accrual basis)
 
 3. Detail of dues to micro and small enterprises defined under the
 MSMED Act 2006
 
 The management has initiated the process of identifying enterprises
 which have provided goods and services to the Company and which qualify
 under the definition of micro and small enterprises, as defined under
 Micro, Small and Medium Enterprises Development Act, 2006. The Ministry
 of Micro, Small and Medium enterprises has issued an office memorandum
 dated 26 August 2008 which recommends that the Micro and Small
 enterprises should mention in their correspondence with its customers
 the entrepreneur''s Memorandum number as allocated after filling of the
 Memorandum.  The Company has not received any claim for interest from
 any supplier under the said Act.
 
 4.  Commitments and contingent liabilities
 
 a) Firm capital commitments
 
 Estimated amount of contracts remaining to be executed on capital
 account and not provided for (net of advances) is Rs.  371.02 (previous
 year Rs. 283.60).
 
 b) Other commitments
 
 Pending contracts for guar seeds and splits net of advance and not
 provided for is Rs. 6,922.54 (previous year Rs. Nil)
 
 c) Corporate guarantees provided
 
 The Company has given corporate guarantees aggregating Rs.  3,500
 (previous year Rs. 3,000) to banks on behalf of others.
 
 d) Claims against the Company not acknowledged as debts in respect of
 Income tax matters, under dispute
 
 The Additional Commissioner of Income Tax, Bhiwani (the Assessing
 Officer) has raised an additional demand of Rs. 8.49 for the Assessment
 Year 1995-96 and interest thereon Rs. 22.23. The Company filed an
 appeal against the order passed by the Assessing Officer with the
 Commissioner of Income Tax (Appeals), Karnal. The Commissioner of
 Income Tax (Appeals) decided the matter in favour of the Company by
 setting aside the order passed by the Assessing Officer. Subsequently
 the Income tax department filed an appeal against the order of CIT
 (Appeals) in the Income Tax Appellate Tribunal (‘the ITAT''), New Delhi
 which was accepted by the ITAT. Aggrieved by the order of ITAT, the
 Company has filed an appeal with the ‘Hon''ble High Court of Punjab &
 Haryana (‘the Hon''ble High Court''). The matter is currently pending
 before the Hon''ble High Court.
 
 5.  Gratuity and other post-employment benefit plans
 
 The Company has a defined benefit gratuity plan. Gratuity is payable to
 all eligible employees of the company on retirement or separation from
 the Company.
 
 6. Segment information
 
 As per Accounting Standard 17 Segment Reporting as specified in Rule 3
 of Companies (Accounting standard) Rules, 2006, the the primary segment
 reporting i.e. business segments is not applicable since the Company
 primarily operates within single primary segment of manufacture and
 export of guar gum powder.Accordingly, primary segmental reporting is
 performed on the basis of geographical location of customer.
 
 The accounting principles consistently used in the preparation of the
 financial statements are also consistently applied to record income in
 individual segments. These are set out in the note on significant
 accounting policies.
 
 Geographical segments at the company primarily comprise customers
 located in US, Europe and others. Income in relation to segments is
 categorized based on items that are individually identified to those
 segments while expenditure is categorized in relation to associated
 turnover of the segment. Expenses are not specifically allocable to
 specific segments as the underlying services are used interchangeably.
 These expenses are separately disclosed as unallocated and adjusted
 only against the total income of the company. Fixed assets or
 liabilities have not been identified to any reportable segments, as
 these are used interchangeably between segments.
 
 All direct cost are identified to its respective geographies on the
 basis of revenue from respective geographies.
 
 7.  Related party disclosure
 
 a. Transactions with related parties are summarised below :
 
 Related party and nature of related party with whom transactions have
 taken place during the year 1) Key management persnnel and their
 relatives (KMP)
 
 Mr. B. D. Agarwal - Managing Direcor
 
 Mr. Megh Raj Jindal - Director
 
 Mrs. Bimla Devi Jindal - Director
 
 2) Entities controlled by KMPs Vikas Granaries Limited Vikas Chemi Gums
 (India) Limited Vikas Dall and General Mills (Partnership firm)
 
 8.  Change in Accounting Policy
 
 During the year, the company changed its accounting policy of
 determining the cost of inventory from yearly weighted average method
 to quarterly weighted average method. Management considers that due to
 huge demand, the prices of guar increased abruptly, hence the change
 would result in a more appropriate preperation and presentation of the
 finanancial statements of the company. Had the company continued to use
 the earlier basis of determining cost of inventory, the statement of
 profit and loss for the current period would have been lower by Rs
 6,636.06 and correspondingly, the closing inventory would have been
 valued lower by that amount.
 
 9.  Contract Farming
 
 The company have entered into contract farming agreement with farmers
 in 2010-11 for purchase of guar seed and had made advance payment of
 Rs. 1,656.00 through bank. During the current year, company has
 received guar seed worth Rs. 1,681.58 from the farmers, the balance
 payment of Rs. 25.58 due to farmers were paid in cash.
 
 10.  Crop Loan
 
 The Company has given a corporate guarantee in respect of loans
 aggregating Rs Nil (previous year Rs.1,000.00) disbursed by public
 sector bank as per the scheme of crop loan under tie up arrangement
 with the Company. The Company acts as business facilitator in
 disbursement of the credit facilities sanctioned to the farmers so that
 it is able to procure and purchase organic guar from such farmers
 
 Under this scheme, the Company is required to identify eligible
 farmers, who are represented collectively in groups designated as joint
 liability group (JLG). JLGs receive the loan amount from bank which is
 transferred to an escrow account of the Company maintained with the
 bank for further disbursal to the farmers.
 
 During the year, funds aggregating to Rs. Nil (previous year Rs.
 995.20), obtained under the said scheme were transferred to the
 Company''s account. These funds, during the year itself, were
 subsequently paid to the JLG''s accounts.
 
 11.  Income Tax
 
 During the year, company has made provision for income tax of Rs.
 6910.77 as per provision of Income tax act, 1961, whereas till last
 year company was eligible for deduction under section 10(B) of the
 Income tax act,1961, and has paid minimum alternate tax in accordance
 with section 115JB of the Income tax act.
 
 12.  Previous year fnancial statements were audited by another firm of
 Chartered Accountants.
 
 13.  Previous Year''s Figures
 
 The pervious year''s figures have been re-grouped/re-classified to
 conform to this year''s classification which is as per Revised Schedule
 VI. This adoption does not impact recognition and measurement
 principles followed for preperation of financial statements as at 31st
 March 2012.