1.1 850000 (850000) Shares out of the issued, subscribed and paid up
 share capital were allotted as Bonus Shares in the last five years out
 of Profit & Loss account.
 
 2.1 Company has not received any information from suppliers regarding
 their status under the Micro, Small and Medium Enterprises Development
 Act, 2006 and hence disclosures, if any, under said Act have not been
 made.
 
 2.2 Confirmations for debit & credit balances have been verified to the
 extent the same are available.
 
 3.1 Company has not received any information from suppliers regarding
 their status under the Micro, Small and Medium Enterprises Development
 Act, 2006 and hence disclosures, if any, under said Act have not been
 made.
 
 3.2 Confirmations for debit & credit balances have been verified to the
 extent the same are available.
 
 4.1 During the financial year 2006-07, Building on Lease Hold Land at
 Mumbai was revalued atRs. 6,100.00/- Lacs against value of Rs. 1,283.27/-
 Lacs on the basis ot revaluation report dated 01-11 -2006 from
 Registered valuer & Revaluation reserve of Rs. 4,816.73/- Lacs was
 created for the increase in value of the Building.
 
 4.2 Depreciation on Building includes Depreciation as relatable to
 increase on account ot revaluation Rs. 209.50/- Lacs (Previous year Rs.
 220.52/- Lacs) is charged to Revaluation Reserve.
 
 5.1 Deductions from Capital Work in Progress represents transfer to
 relative Fixed Assets / Expenses on Completion / Installation.
 
 6.1 Confirmations for debit & credit balances have been verified to
 the extent the same are available.
 
 7.1 Confirmations for debit & credit balances have been verified to
 the extent the same are available.
 
 8.1 Loans and advances to related parties include Rs. 4.86/- Lacs
 (Previous Year Rs. NIL) paid to Brady Ikusi Systems Pvt Ltd towards Joint
 Venture Share.
 
 8.2 a) The Accounting Standard - 15 on ''Employee benefit''
 prescribed by the Central Government, has become applicable to the
 company from 1st April, 2008. In accordance with provisions of
 Accounting Standard (AS-15), the liability for privilege leave at the
 year end has been actuarially ascertained at Rs. 11.24/- Lacs against
 which the provision of Rs. 10.22/- Lacs was held upto 31.03.2011.
 Accordingly a sum of Rs. 1.02/- Lacs has been provided during the year.
 
 b) Details of Employee Benefits as required by the Accounting
 Standard-15 Employee Benefits are as follows:
 
 2.  Defined Benefit Plan (Funded)
 
 a.  A general description of the Employees Benefit Plan:
 
 The company has an obligation towards gratuity, a funded benefit
 retirement plan covering eligible employees.  The plan provides for
 lump sum payment to vested employees at retirement/death while in
 employment or on termination of the employment of an amount equivalent
 to 15 days salary payable for each completed year of service or part
 thereof in excess of six months. Vesting occurs upon completion of five
 years of service.
 
 b.  Details of defined benefit Plan - As per Actuarial Valuation as on
 31st March, 2012.
 
 9 CONTINGENT LIABILITIES AND COMMITMENTS
 
 I Contingent Liabilities
 
 a.  Inland Guarantees sanctioned by Bank aggregating to Rs. 300.00/- Lacs
 (Previous Year Rs. 150.00/- Lacs).  The outstanding amount is Rs. 153.75/-
 Lacs (Previous year Rs. 114.37/- Lacs), and Inland Letter of Credit
 sanctioned by Bank aggregating to Rs. 50.00/- Lacs (Previous year Rs.
 50.00/- Lacs) The Outstanding amount is Rs. NIL (Previous year X 5.02/-
 Lacs) is secured by way of extension of charge on Stock, Book Debts,
 Hypothecation of Plant & Machinery and Properties as referred to in
 Note ''7 '' of the Balance Sheet under the heading of Secured Loans
 from banks-Cash Credit.
 
 b.  Claims against the Company by the Income Tax Department on
 completion of Income Tax Assessments for which appeals filed are
 pending not acknowledged as Debts Rs. 22.35/- Lacs (Previous year Rs.
 22.35/- Lacs) against which payment has been made of 126.54/- Lacs
 (Previous year X 26.54/- Lacs).
 
 c.  Claims against the Company by the Sales Tax Department on
 completion of Sales Tax Assessment for which appeals have been filed,
 not acknowledged as debts Rs. 9.28/- Lacs (Previous Year Rs. 9.28/- Lacs),
 against which payment of Rs. 0.27/- Lacs (Previous year 10.27/- Lacs) has
 been made.
 
 d.  Claims made by ex-employees of the Company and pending before the
 appropriate authorities in respect of dues, reinstatement, permanency
 etc. which are contested by the Company the liability whereof is
 indeterminate.
 
 II Estimated amount of capital commitments not provided for in the
 accounts, net of advances aggregate to NIL (Previous year NIL).
 
 10 SEGMENT INFORMATION (AS-17)
 
 The Company is engaged primarily in marketing of material handling
 equipments, textile machinery and stores etc.  Accordingly there are no
 separate reportable segments as per Accounting Standard - 17 dealing
 with segment reports.
 
 11 The position as on 31.03.2012 in respect of 20,000 Ordinary Shares
 of Shree Changdeo Sugar Mills Limited held as securities against the
 loan given by the Company, continues to be same as reported last year,
 in as much as the application made u/s 111 of the Companies Act, 1956,
 against the refusal to transfer the shares in the name of the Company
 by the said Company is not yet disposed off and the said Company has
 still not returned these shares on refusal of transfer.
 
 12 The previous year figures have been regrouped / reclassified,
 wherever necessary to conform to the current year presentation.