1.1 Detail of security for term loans borrowings
 
 Term Loans borrowings from SIDBI is secured by way of hypothecation of
 machinery & first charge by way of equitable mortgage of Land &
 Building measuring 357.77 sq.yards situated at ludhiana.  Term Loans
 borrowings from HDFC Bank Ltd. is secured by way of hypothecation by
 way of first charge on plant & machinery
 
 Terms of repayment of Term Loans
 
 Term Loans borrowings from SIDBI are repayable in 72 instalments of Rs.
 219490/- each and carries interest @ 9.75% P.A. and the last repayment
 is due on dated 09/06/2016
 
 Term Loans borrowings from HDFC Bank Ltd. are repayable in 63
 instalments of Rs. 86,568/- each and carries interest @11.75% P.A. and
 the last repayment is due on dated 07/06/2016
 
 2.1 Detail of security for working capital borrowings
 
 Working capital borrowings from banks are secured against hypothecation
 by way of first charge on company''s stock, book debts and plant &
 machinery.
 
 Terms of repayment of loans repayable on demand
 
 Working capital borrowings from banks are repayable on demand and
 carries interest @ 10% to 13.30% as riiay be communicated by the bank
 from time to time Term loans borrowings are repayable in suitable
 instalments From Related parties carries interest @ 6% P.A.
 
 3.1 Balances with bank includes deposits amounting to Rs. 11,55,000/-
 (Previous year Rs. 13,85,000/-) which have original maturity period of
 more than 12 months.
 
 3.2 Fixed deposits amounting to Rs. 11,55000/- (Previous year Rs.
 13,85,000/-) are under lien of the bank for guarantees given to the
 President of India through Asstt. Commissioner of Customs, Ludhiana on
 behalf of the company.
 
 4 Contingent Liabilities not provided for being guarantee issued by
 the Bank on behalf of the Company of Rs.11,55,000/- ( Previous year-
 Rs. 13,85,000/-)
 
 5 Debit and Credit Balances in the accounts of various parties are
 subject to confirmation by the parties.
 
 6 The Revised Schedule VI has become affective from 1st April 2012 for
 preparation of financial statements. This has significantly impacted
 the disclosure and presentation made in the financial statements.
 Previous year''s figures have been regrouped / reclassified wherever
 necessary to correspond with current year''s classification /
 disclosure.
 
 7 Interest accrued on a loan of Rs. 25.00 Lacs advanced to a company
 has not been provided as the cheque for interest as well as of
 principal amount were dishonored. The company has filed complaint under
 Negotiable Instruments Act. Out of loan of Rs.25.00 Lacs Rs. 8.50 Lacs
 have already been received.