(a) There are no reportable secondary segments.

(b) The primary segments have been identified & reported considering the nature of products & services, their risks and returns, the organisation structure and the internal management reporting system. Investment, interest and consulting activities are clubbed under 'finance Segment'.

(c) Due to changes in the primary segments, the previous year figures may not correlate with that of current years.

(d) Segmental information includes the respective amounts identifiable or allocable. Other amounts are reported at corporate level.

M. Retirement Benefits - The management of the Company is of the opinion that provisions for employees retirement benefits are not required to be made.

(*) Outstanding closing balances unless specified otherwise; (#) Amounts squared-up during the year; (@) Exercising 'significant influence (SI)' in business decisions in terms of clause 3(e) of Accounting Standard 18 or a 'related party' in terms of the applicable provisions of the Act.

Notes: (1) Pertains to call money received on partly paid shares. (2) Received Rs, 45000/- during the year. (3) No remuneration is paid during the year. (4) Repaid Rs, 750000 during the year. (5) Purchased of 180000 additional equity shares of Rs, 10 each during the year.

a. In respect of certain payments made for expenses or otherwise where, the payees' acknowledgements and/or other supporting evidences of payments were not available for our verification, the management confirms the propriety of the payments and of the debits given to the respective account heads. None of the revenue expenses are capitalised during the year or vice versa.

b. The balances of receivables and payables are subject to third party confirmations. The management has taken adequate steps to provide sufficiently for all known, anticipated or contingent liabilities. The liabilities including the Capital Reserve of Rs, 4940132/- and the current assets, loans, advances and others receivables, are approximately of the value stated in the accounts and payable or receivable in the ordinary course of business. Certain old debit accounts pertaining to Gujarat Electricity Board Deposit of Rs, Nil (Rs, 406230/-), Telephone Deposit of Rs, Nil (Rs, 29000/-) and Excise Duty Credits of Rs, Nil (Rs, 50885/-), were written off during the year and certain old credit accounts pertaining to Provisions Rs, Nil (Rs, 49635/-) and Creditors or Loans/Advances Rs, 2648328/- (Rs, 60000/-) were written back during the year, as in the opinion of the management of the Company, these have become fragile and do not appear to be of the value stated, in the ordinary course of business. The Company had received certain trade advances amounting Rs, 1,40,00,000/- which were outstanding for more than a year, and during the year however a repayment of Rs, 87,00,000/- was made, and the balance Rs, 53,00,000/- remaining unpaid, have been accounted as long term liabilities.

c. Prior Period Items - The Company follows the accrual system of accounting, but provision for expenses is made on the basis of the materially concept and where ever ascertainable.

d. In the opinion of the management, there are no outstanding dues towards suppliers as defined under the "Micro, Small & Medium Enterprises Development Act, 2006".

e. Managerial Remuneration - The management has been paid a remuneration of Rs, Nil (Rs, Nil) during the year.

f. Additional Information - Additional information pursuant to the applicable provisions of note 5 of Part II of Schedule III to the Act, to the extent not already reported elsewhere:

g. Previous year figures are regrouped or reclassified wherever necessary. Figures in brackets pertain to previous year. All figures have been rounded off to the nearest rupee.