1. Corporate Debt Restructuring (CDR)- Loan Repayments & Interest :
 
 The company could not execute the CDR package due to various reasons
 already explained in the previous year and the continuation of the same
 situation, the company''s operations have substantially come down with
 both revenues and cash flows drying up, the company was unable to pay
 either interest or installments due to the banks as per the CDR
 package. Interest charged by the banks during the current year has been
 accounted by the company on the basis of statements received from the
 bank. However, SBI and its subsidiaries which are SBH, SBJM, SBM have
 not charged interest on the outstanding amounts due to them and have
 not been accounted by the company. The company is in dialogue with the
 bank for an OTS solution and is also looking for a strategic partner
 who can fund the OTS and is expected to close on this proposal within
 March 2013, hence, the company has not provided for the interest on
 those loans on which the banks have not charged interest.
 
 1.1 The net worth of the Company suffered further depletion due
 substantial reduction in revenues of the company and the consequent
 losses suffered during the period. However, considering the extension
 of time granted to the Company under CDR (Corporate Debt Restructuring)
 scheme and also the various measures taken by the Company and taking
 into consideration such business potential in solar power space and
 future business prospects of the company, the accounts are stated on
 going concern basis.
 
 1.2 Previous Figures are not comparable as current year consists of 12
 months (ie. 01.04.2011 to 31.03.2012) as against the 15months period
 (01.01.2010 to 31.03.2011) of previous year.
 
 1.3 Foreign Currency Convertible Bonds:
 
 As against the outstanding balance of Foreign Currency Convertible
 Bonds (FCCB) of USD 4.2 Million as at the beginning of the year which
 was issued in October 2007 having a maturity period of 5 years and one
 day has matured and is due for redemption in October 2012. However, the
 FCCB''s are not redeemed as on the date of signing of this balance sheet
 and the company is in negotiations with the Bond holder for rollover of
 the same for a further period at the same terms and conditions and
 hence classified the same in the balance sheet as long term funds
 available with the company since the company is confident of getting
 the FCCB''s rolled over for a further long term period.
 
 Contingent liabilities not provided for in respect of:
 
                                               Amount in Rs. Lacs
 
 Particulars                            As at        15 Month ended
                                        31.03.2012   31.03.2011
 
 a) Guarantee / Counter Guarantees 
 given on sale of contracts                597.26      1954.50
 
 b) Letter of credits by Banks                NIL          NIL
 
 c) Estimated amount of contracts 
 remaining to be executed
 on capital account (net of advances) 
 not provided for                          762.91      2476.42
 
 - Mortgage and first charges on immovable properties, both present and
 future situated at Plot No. 198 A&B, IDA Cherlapally, Hyderabad
 
 - Mortgage and first charges on the fixed assets of Ethanol Division
 situated at Plot No. B 8-10, MIDC, Kushnoor, Nanded, Maharashtra
 
 - Mortgage and first charges on lease hold rights on land admeasuring
 2,02,350 sq. mts. Approximately and fixed assets both present and
 future, situated at survey nos. 50,66,68,69,70,84,85,86 & 87 situated
 at Fabcity, Raviryal village, Maheswaram mandal, Rangareddy district,
 Andhra Pradesh
 
 - First charge on immovable properties, present and future situated at
 Shed nos. 30, 31 and 32, IDA, Mallapur, Hyderabad.
 
 - Hypothecation of all tangible, movable properties and Assets, both
 present and future including raw materials, goods in process, finished
 goods and book debts.
 
 - Personal guarantee of Directors of the Company - Mr. Dinesh Kumar,
 Mr. Aneesh Mittal and Mrs. Ritulal Kumar.
 
 1.4 Segment Reports
 
 The company considers Solar business segment as the primary segment. In
 addition to Solar business, the company was involved in Telecom
 business of manufacturing CDMA handsets, JKits & OFC, SMPS and
 manufacture of Enthanol. However, during the year there was negligible
 business in these segments. Hence, the segment reports are not provided
 
 1.5 Related Party Transactions:
 
 2.43 There are no dues to Micro, small and medium enterprises under
 Development Act, 2006, exceeding 45 days. The micro, small and medium
 industries are determined to the extent such parties have been
 identified on the basis of the information available with the Company.
 
 1.6 Balances appearing under other long term liabilities, short term
 borrowings, trade payables, other current liabilities, long term loans
 and advances, CWIP advances, trade receivables, short term loans and
 advance and other current assets are subject to confirmation and / or
 reconciliation, if any.
 
 1.7 Previous year figures have been regrouped / reclassified wherever
 necessary.