Note 1 : FIXED ASSETS
 
 PARTICULARS
 
                       GROSS BLOCK (AT COST)
 
                        As on       Addition    Sales/ad-         Total
                     01.04.11         during    justment          as on
                                    the year      during       31.03.12
                                                the year
 
 FREEHOLD LAND
                   620,000.00           –          –
                                                             620,000.00
           
 BUILDING*
                16,350,987.00           –          –
                                                          16,350,987.00
      
 
 OFFICE 
 APPLIANCE & 
 OTHER 
 EQUIPMENTS
                 5,354,355.40    135,142.00   228,390.00
                                                           5,261,107.40
 
 COMPUTER
                 2,287,265.42     45,170.00        –
                                                           2,332,435.42
 
 FURNITURE & 
 FITTINGS
                 2,406,126.78     97,137.00        –
                                                           2,503,263.78
      
 
 VEHICLES
                11,697,640.67  8,866,111.00 6,656,116.97
                                                          13,907,634.70
     
 TOTAL :
 
                38,716,375.27  9,143,560.00 6,884,506.97  40,975,428.30 
 
 
 PREVIOUS 
 YEAR :
 
                36,716,912.27  2,939,724.00   940,261.00  38,716,375.27 
 
 
                       DEPRECIATION BLOCK
 PARTICULAR
 
                        Upto        For the    Deduction          Total 
                    31.03.11        year       for sales           ason
                                    amount     adjustment      31.03.12
 
                                                           
                                                   
 
 FREEHOLD 
 LAND
                                                   
                        –             –
                                                   
                                                   –                –
     
 BUILDING*
                                                   –      
    
               11,805,652.00     454,534.00
                                                           12,260,186.00
 
 OFFICE 
 APPLIANCE & 
 OTHER 
 EQUIPMENTS
        
                4,048,967.65     218,131.00
                                                217,229.00  4,049,869.65
 
 COMPUTER
                                                    –
    
                2,211,838.15      74,109.00
                                                            2,285,947.15
 
 FURNITURE & 
 FITTINGS
                                                    –
 
                2,055,950.78      80,964.00
                                                            2,136,914.78
 
 VEHICLES
 
                5,586,840.70   3,136,472.00
                                              3,793,811.97  4,929,500.73
 
 TOTAL :
 
               25,709,249.28   3,964,210.00   4,011,040.97 25,662,418.31 
  
 
 PREVIOUS 
 YEAR :
 
               23,375,116.28   3,064,194.00
                                                730,061.00 25,709,249.28
 
 PARTICULAR                                     NET BLOCK
                                            As                 As
                                         31.03.12           31.03.11
 FREEHOLD 
 LAND
                                       620,000.00         620,000.00
 
 BUILDING*
                                     4,090,801.00       4,545,335.00
 
 OFFICE 
 APPLIANCE & 
 OTHER 
 EQUIPMENTS
                                     1,211,237.75       1,305,387.75
 
 COMPUTER
                                        46,488.27          75,427.27
 
 FURNITURE & 
 FITTINGS                              366,349.00         350,176.00
 
 VEHICLES                            8,978,133.97       6,110,799.97
 
 TOTAL :
 
                                    15,313,009.99      13,007,125.99
 
 PREVIOUS YEAR :
 
                                    13,007,125.99      13,341,795.99
 
 * Includes 20 shares (Previous year 20 shares) of Rs. 50/- each (Total
 face value Rs.1,000/-) fully paid up issued by Maker Bhavan No.II
 Premises Co- operative Society Limited at Mumbai.
 
 1. Impairment in the carrying value of the fixed assets as at the
 balance sheet date has not been ascertained, pending detailed review
 and technical evaluation in this respect. The company intends to get
 the said review carried by independent valuer / consultant and
 adjustment, if any will then be made in the accounts.
 
 Employees Benefits :
 
 The disclosures required under Accounting Standard 15 Employee
 Benefits notified in the Companies (Accounting Standards) Rules 2006
 (AS-15), are given below:
 
 (i) Defined Contribution Scheme - Contribution to Defined
 Contribution Plan, recognized for the year are as under:
 
 Employer''s Contribution to Provident Fund 3,80,760 (Previous year
 3,10,552/-) Employer''s Contribution to Pension Fund Rs. 85,693 (Previous
 year Rs. 1,09,016/-)
 
 (ii) Defined Benefit Scheme - The employee''s gratuity fund scheme
 managed by Towers Watson is a defined benefit plan. The present value
 of obligation is determined based on actuarial valuation using the
 Projected Unit Credit (PUC) actuarial Method, which recognizes each
 period of service as giving rise to additional unit of employee benefit
 entitlement and measures each unit separately to build up the final
 obligation.
 
 Note 2
 
 COMMITMENT :
 
 Contingent Liability not Provided for :
 
 Outstanding Bills Purchased/Discounted for Rs.10,168 (Previous Year
 Rs.27,031).
 
 Note 3
 
 The company operates only in one business segment viz. exporting yarn
 and fabric and other activities are incidental thereto. The
 geographical Segments of the Company mainly comprise of the export to
 various countries.
 
 Note 4
 
 a) Loans/ intercorporate deposits includes Rs.7126 (previous year share
 Rs.7,126) given to a company, which is overdue
 
 b) Certain balances included in security deposits, advances, etc.
 amounting to Rs.7,438 (Previous year Rs. 8,983) are lying unmoved for a
 considerable period.
 
 Note 5
 
 Related party disclosure as identified by the Management in accordance
 with the Accounting Standard (AS-18) is as follows:- A) List of related
 parties:
 
 I.  Parties where control exists – NIL.
 
 II.  Other parties with whom the Company has entered into transactions
 during the year.  a) Key Management Personnel and their relatives:
 
 Smt.Sheela Patodia - Chairperson & Managing Director w.e.f. 01.04.2011
 
 Sri Rishi Raj Patodia - Executive Director till 31.03.2011 & Joint
 Managing Director w.e.f. 01.04.2011
 
 b) Group/Associates Companies: i) Enterprise having common
 Director/Management personnel -- NIL
 
 c) Firm in which Directors have substantial interest: M/s. B.M.Bagaria
 & Co.(Mr.K.P.Bagaria resigned w.e.f.03.09.2011)
 
 Note 6
 
 Figures are given in thousand and accordingly rounded to nearest
 thousand.
 
 Note 7
 
 Previous years'' figures have been regrouped and/or rearranged wherever
 considered necessary.
 
 Notes :
 
 1) The above Cash Flow Statement has been compiled/prepared based on
 the audited accounts of the Company under the Indirect Method as set
 out in Accounting Standard -3 on Cash Flow Statements.
 
 2) Previous Years figures have been regrouped/ rearranged wherever
 necessary.
 
 3) Cash and Bank equivalent includes Rs.4,593 (Previous year Rs.4,289)
 in fixed deposit accounts.
 
 4) Cash and Bank equivalent includes Rs.8,892 (Previous year Rs.7,741)
 in cut back deposit accounts arising out of export proceeds &
 pledged.