Wendt (India)

(Rs. in OO0s)
                                                 31.03.2009   31.03.2008
 
 
 1 Contingent Liability not provided for:
 a) Disputed income tax demands under appeal        59,32        5,13
 b) Guarantees given by Companys Bankers           11,75       44,89
 c) Bills Discounted  LC                             2,08         -
 
 2 There are no dues to Micro and Small Enterprises as per Micro, Small
 and Medium Enterprises Development Act 2006 which are outstanding for
 more than 45 days at the Balance Sheet date, computed on unit wise
 basis. The above information have been determined to the extent such
 parties have been identified on the basis of information available with
 the company. This has been relied up by the auditors.
 
 3 The unclaimed dividend of Rs. 5562 (000s) represents those relating
 to the years 2002 to 2008 and no part thereof has remained unpaid or
 unclaimed for a period of seven years from the date they became due for
 payment requiring a transfer to the Investor Education and Protection
 Fund.
 
 4 Deferred Tax
 
 5 In accordance with Accounting Standard 18 Related Party
 Disclosures issued by the Institute of Chartered Accountants of India,
 the Company has compiled the required information as detailed below.
 
 1) List of Related parties
 
 i) Party with whom control exists -Subsidiaries a Wendt Grinding
 Technologies Ltd b Wendt Middle East FZE ( w.e.f. 24.09.2008)
 
 6 Segment Disclosure
 
 The Companys operations predominantly fall under the single segment of
 Diamond/ CBN Grinding Wheels/ Tools business and therefore the figures
 reported are related to the said segment. Secondary segmental reporting
 is performed based on geographical location of customers.
 
 7 Previous years figures have been reclassified / regrouped wherever
 necessary to facilitate comparison with those forthe currentyear.