Notes to Accounts of Falcon Tyres Ltd.

Mar 31, 2014

Security Terms

Yes Bank Ltd. - An OTS for an amount of Rs.475 was entered into with Yes Bank on 31.03.2014. Secured by Corporate Guarantee of Monotona Tyres Limited (MTL). This is further secured by pledge of 16,20,000 shares & Negative Lien on 37,79,400 shares of MTL. Rate of Interest@ 15.75% payable in 36 monthly instalment from August 2012.

Central Bank of India - Secured by exclusive first charge by way of hypothecation of Plant & Machinery & Civil works, etc. arising out of the Term Loan. Second charge on all other existing fixed assets. Rate of Interest 14.75% p.a. repayable in 24 quarterly installment from July, 2013.

The South Indian bank Ltd. - Secured by exclusive first charge by way of hypothecation of Plant & Machinery & Civil works, etc. arising out of the Term Loan. Second charge on all other existing Fixed Assets. Rate of Interest 14.4% p.a. Repayable in 24 quarterly installment from Jan 2013 however it is understood that bank has deferred the repayment period from sep 2014

Syndicate Bank - TL II - Secured by exclusive first charge by way of hypothecation of Plant & Machinery & Civil works, etc. arising out of the Term Loan. Second charge on all other existing fixed assets. Rate of Interest 14.75% p.a.repayable in 24 quarterly installment from September'' 2013

ICICI Bank Ltd. - 2nd Charge on the entire FA of the Company(Movable and immovable), both present and future, providing atleast one time security cover for the proposal and 2nd charge on the entire current assets of the company to be shared on pari passu basis with existing charge holders. Rate of interest 13% p.a. with stepped up coupon repayable in 32 quarterly installment from 15th June, 2014.

There are outstanding dues in respect of project loans from Central Bank of india & The South indian bank & Syndicate bank in payment of interest & principal repayment for which the company has approached the lendors for re schedulement of repayment and funding of interest due to delay/nonstabilisation of project, the approval still awaited.

1. CONTIGENT LIABILITIES AND COMMITMENTS (To the extent not provided for)

CONTIGENT LIABILITIES

a) Claims against the Company not acknowledged as debt 14.02 14.02

b) Corporate Guarantees 4,800.00 4,814.02 4,800.00 4,814.02

COMMITMENTS

Estimated amount of contracts remaining to be executed on capital account and provided for (Net of advance) 206.50 16,151.14

2. The Company''s operations predominantly consist of only one product segment i.e. Tyres and Tubes. The export sales of the Company are insignificant as compared to total sales during the year so as to constitute a geographical segment. Therefore, separate segment information as required in terms of Accounting Standard (AS 17) on Segment Reporting has not been considered. Further as income from Co-Gen is less than 10% of the total segment the same has not been considered to be a separate segment

3. The Previous year''s figures have been re-grouped / re-arranged/ restated wherever considered necessary.

4. Related party disclosures as required as per Accounting Standard (AS-18) on "Related Part disclosures" are as below:

a) All the Companies in the group as discussed below are directly/indirectly controlled by the RuiaGroup of Companies under the Leadership of Sri Pawan Kumar Ruia and itsvarious Subsidiary/ Associate Companies which held the controlling stake in the Company during the year ended 31st March 2014.

b) Falcon Tyres Rubbers Pvt. Ltd. is 100 % subsidiary of Falcon Tyres Limited ( Falcon Tyres Limited holding 10000 equity shares of Falcon Tyres Rubber Pvt. Ltd.)

b) Associates / Group Companies

i. With whom the Company has transaction

Dunlop Polymers Pvt. Ltd., Monotona Tyres Limited

ii. Others:

Aakashdeep Properties Pvt. Ltd., Acurate Traders Pvt. Ltd., Adhishwar Nivesh Pvt. Ltd., Alpha AirwaysPvt. Ltd., Alwaye Properties & Finance Pvt. Ltd., American Merchandising Ltd., Anchita CommercialsPvt. Ltd., Angan Properties Private Limited, Anish Traders Pvt. Ltd., Anoush Traders Pvt. Ltd., AparupaProperties Pvt. Ltd., Ayodhya Properties & Finance Pvt. Ltd., Ballard Commercials Pvt. Ltd., BanalataSubhlaxmi Compusis Pvt. Ltd., Shalini Properties& Developers Pvt. Ltd., &Traders Pvt. Ltd., Bandana Commercials Pvt. Ltd. Beadon Traders Pvt. Ltd., Bharatiya Hotels Pvt. Ltd., Bipul Commercials Pvt. Ltd., Blackstone Holdings Private Ltd., Bloom Billions Sdn Bhd-Malaysia, Borneo Traders Pvt. Ltd., Brawany Nivesh Pvt. Ltd., Chaity Commercials Pvt. Ltd., ChamanTrade Links Pvt. Ltd., Chambal Marketing Pvt. Ltd., Chemical Corporation of India Ltd., ChinsurahChemicals Pvt. Ltd., Chorus Trade Links Pvt. Ltd., Climber Properties Pvt. Ltd., Chamundi PlastoSacks Pvt Ltd., D K Properties Pvt. Ltd., Dadar Properties & Finance Pvt. Ltd., Dunlop India Limited, Deblok Traders Pvt. Ltd., Deoghar Properties & Finance Pvt. Ltd., Dipti Commercials Pvt. Ltd., Divya Mercantile Ltd., Dunlop Estates Pvt. Ltd., Dunlop Infrastructure Pvt. Ltd., Dunlop Investments Ltd., Dunlop Latex FoamEurope Ltd., Dunlop Properties Pvt. Ltd., Dunlop Rubber Limted, Dunlop Tyres Limted, Dunlop AutoTyres Limted, Dunlop Uk Limited-UK, Dunlop East Ltd., Dunlop South Ltd., Dunlop Comforts Pvt Ltd., Durg Properties & Finance Pvt. Ltd., Ebony Commercials Pvt. Ltd., Eco Traders Pte Ltd., Edina Marketing Pvt. Ltd., eMotions Media Pvt. Ltd., Empire Minerals Pvt. Ltd., Enormous Nivesh Pvt. Ltd., Eyelid Mercantile Pvt. Ltd., Fabulous Nivesh Pvt. Ltd., Falcon Auto Tyres Rubber Pvt Ltd., FairvalueImpex Ltd. - Maurititius, F ragment Nivesh Pvt. Ltd., Gain E-Commerce Pvt. Ltd., Global Fin Pro Ltd., Global Finvest Ltd. - UK, Globe Sugar Refinery Ltd., Goldman Securities Ltd., Global Finvest Ltd., Gumasol Rubber Tec GMBH, Hardcore Viniyog Pvt. Ltd., Herald Investments Pvt. Ltd., Hiker Properties Pvt. Ltd., Hiland Traders Pvt. Ltd., Hindustan Texknit Pvt. Ltd., Hirakud Industrial WorksLtd., Hirakud Rolling Mill Ltd., Hriday Commercials Pvt. Ltd., Ibcon(Calcutta) Pvt. Ltd., India Finance Ltd., India Tyre & Rubber Co (India) Ltd., Indo-Wagon Engineering Ltd., Jai Badrinath Niketan Pvt. Ltd., Jai Brijmohan Niketan Pvt. Ltd., Jai Ganga Nirman Pvt. Ltd., Jai Gokul Towers Pvt. Ltd., Jai HarihorTower Pvt. Ltd., Jai Raghuvir Enclave Pvt. Ltd., Jai Tridev Vihar Pvt. Ltd., Jai Vaibhav Niketan Pvt. Ltd., Janaki Marketing Pvt. Ltd., Jessop & Co. Ltd., Jessop Estate Pvt. Ltd., Jessop Infotech Pvt. Ltd., Jessop Infrastructure Pvt, Ltd., Jessop Properties Pvt. Ltd., Jessop Shipyard Limited, Jessop Wagons& Coaches Ltd., Kailash Enterprises ( New Delhi) Pvt. Ltd., Kothi Lefin Pvt. Ltd., Kulu Properties &Finance Pvt. Ltd., Liluah Ceramics Pvt. Ltd., Mahan Tyres & Tubes Pvt. Ltd. (Formerly Falken TyresLtd. ), Mahant Merchandise Pvt. Ltd., Malini Properties Pvt. Ltd., Manidipa Properties Pvt. Ltd., Manjari Properties Pvt. Ltd., Mayank Services Ltd., Metro Developers Ltd., Metropole Hills Hotel Pvt. Ltd., Monarch Exim Pvt. Ltd., Moulishree Electricals & Electronics Ltd., Mridula Marketing Pvt. Ltd., Mudrika Commercials Pvt. Ltd., Mugdha Properties Pvt. Ltd., Nandini Properties Pvt. Ltd., NevaditaProperties Pvt. Ltd., Ocean Constructions Pte Ltd., OM Cotex Ltd. (Formerly Ruia Cotex Ltd. ), OnixBusiness Services Ltd., Pacific apparels Ltd., Pacific Appearels Ltd., P. K. Constructions Pvt. Ltd., Pacific Apparels Ltd., Pallavi Manufacturers Pvt. Ltd., Parnika Marketing Private Ltd., Pawan HerbalsPvt. Ltd., Payneganga Sugars & Chemicals Ltd., Radient Investment Ltd. -Maurititius, RapidInvestment Ltd. - Maurititius, Renuka Resorts Pvt. Ltd., Realworth Trading Ltd. - Maurititius, Rose Investment Ltd. -Mauritius, Ruia Agro Products Pvt. Ltd., Ruia Electronics Pvt. Ltd., Ruia Holding - GMBH, Ruia Hospital & Educational Research Institution, Ruia Hotels Pvt. Ltd., Ruia Industries Ltd. -Maurititius, Ruia Marketing Ltd., Ruia Properties GMBH, Ruia Technologies Ltd., Ryham Pte Limited-Singapore, Sagarika Properties Pvt. Ltd., Sanjose Polymers Pvt. Ltd., Sarvan Commercials Pvt. Ltd., Satarupa Properties Pvt. Ltd., Schlegel Automotive EuropeLtd UK, Securities Brokers India Limited, Shakambari Communications Pvt. Ltd., Shankar Traders& Dealers Ltd., Sheetal Exports Ltd., Shresth (India) Pvt Ltd., Skypak Properties & Finance Pvt Ltd., Spices Valley Estates Ltd., SPRResorts Ltd., Ruia Global Nivesh Pvt. Ltd. (Formerly SPR Textiles Pvt. Ltd. ), Stephen FinancialServices Pvt. Ltd., Sterling Share Brokers (P) Ltd., Subhra Marketing Ltd., Sugandha Industries Pvt. Ltd., Sukaram Marketing Ltd., Tribhuban Marketing (P) Ltd., Udbav Commercials Pvt. Ltd., VilasMarketing Private Limited, Wealth Field Pte Ltd., Wealth Ocean Pte Ltd. - Sinagpore, Wealth OverseasPte Ltd. - Singapore, Wealth Valley Pte Ltd., Wealthsea Ltd. - Maurititius, Wealth Treasury Ltd. -Maurititius, Wealth Pacific Holding Ltd. -Maurititius, Zeal Infotech Pvt. Ltd., Zipco Industrial FinancePvt. Ltd. Falcon Tyres Impex Pvt. Ltd., Falcon Tyres Rubbers Pvt. Ltd., Glorious Investment Ltd. - Maurititius, Manali Properties & Finance Pvt. Ltd., Ruia Sons Pvt. Ltd., Ruia Corporate Service Pvt. Ltd., Shalimar Towers Pvt. Ltd., Uryamani FinanceCo Ltd., TulipMachineries Pvt. Ltd., Vidyuth Petrochem Pvt. Ltd., Walker Properties Pvt. Ltd. .

The above (ii) though not required in terms of Accounting Standard 18 on "related Party Disclosure" has been disclosed in view of disclosure requirement of the SEBI (Substantial Acquisition of Shares and takeovers) regulations, 1997 in relation to inter se transfer of shares among group companies.

d) Key management Personnel:

a) Mr. Pawan Kumar Ruia (Executive Chairman) (Salaried)

b) Mr. Kamal Jiwrajka (Executive Director) (Salaried)

c) Mr. Ashok Gupta (Whole - time Director) (Salaried)

d) Mr. Sunil Bhansali (Executive Director) (Salaried)

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Sep 30, 2010

1. Contingent liabilities not provided for

(Rs. In Lacs)

Sl. No. Particulars Amount as on Amount as on 30.09.2010 30.09.2009

1 Claims not acknowledged as debt 39.53 38.12

2 Input Tax Credit on Sales Tax -- 132.99

3 Corporate Guarantee 4800.00 4800.00

2. Estimated amount of contracts remaining to be executed on Capital account (net of advances) Rs. 5025.03 Lacs (Rs. 233.56 Lacs)

3. a) Pursuant to an agreement dated 20th December 2006 with Blessing Commercial Private Limited (BCPL), a Group Company, the Company has agreed to purchase 54 Lacs of equity shares of Monotona Tyres Limited (MTL) held by BCPL and Rs. 7500 Lacs has been paid towards the same. 53,99,400 shares are transferred in the name of Falcon Tyres Limited as on 21st May 2010. b) Finance charges aggregating to Rs. 1357.03 Lacs on term loan taken for acquiring the shares, have been shown as Investment along with above Rs.7500 Lacs.

4. a) Major expansion projects undertaken by the company inter-alia includes installation of various tyres curing presses. b) Capital work in progress includes capital advances of Rs.2919.64 Lacs (Rs. 30.39 Lacs).

5. Salary, Wages and bonus include retainer-ship fees amounting to Rs.69.60 Lacs (Rs. 33.43 Lacs).

6. Related party disclosures as required as per Accounting Standard (AS-18) on "Related Party Disclosures" are as below:

a) All the Companies in the group as discussed below are directly / indirectly controlled by the Ruia Group of Companies under the Leadership of Sri Pawan Kumar Ruia and its various Subsidiary / Associate Companies which held the controlling stake in the Company during the year ended 30th September 2010.

b) Holding company: Wealth Sea Pte. Ltd., (Singapore) through DIL Rim and Wheel Corporation Limited, Mauritius.

c) Associates / Group Companies

i. With whom the Company has transaction

Anoush Traders Pvt. Ltd., Dunlop India Limited, Dunlop Polymers Pvt. Ltd., Falcon Tyres & Rubber Pvt. Ltd., Falcon Tyres Impex Pvt. Ltd., Global Finvest Ltd., Jessop & Co. Ltd., Manali Properties & Finance Pvt. Ltd., Ruia Sons Pvt. Ltd., Ruia Corporate Services Pvt. Ltd., Sanjose Polymers Pvt.Ltd., Suryamani Financing Company Ltd., Tulip Machineries Pvt Ltd., Vidyuth Petrochem Pvt. Ltd., Walker Properties Pvt. Ltd.

ii. Subsidiary : Monotona Tyres Limited

iii. Others

Aparupa Properties Pvt. Ltd.; Alpha Airwayys Pvt. Ltd. ; Acurate Traders Pvt. Ltd. ; American Merchandising Ltd. ; Aakashdeep Properties Pvt. Ltd. ; Ayodhya Properties & Finance Pvt. Ltd. ; Alwaye Properties & Finance Pvt. Ltd. ; Anchita Commercials Pvt. Ltd. ; Angan Properties Private Limited; Ajit Commercials Pvt. Ltd. ; Anish Traders Pvt. Ltd. ; Aniket Traders Pvt. Ltd. ; Anumala Traders Pvt. Ltd. ; Adhishwar Nivesh Pvt. Ltd. ; Brawany Nivesh Pvt. Ltd. ; Blackstone Holdings Private Ltd. ; Bhartiya Hotels Limited; Borneo Traders Pvt. Ltd. ; Banalata Traders Pvt. Ltd. ; Beadon Traders Pvt. Ltd. ; Bandana Commercials Pvt. Ltd. ; Bipul Commercials Pvt. Ltd. ; Ballard Commercials Pvt Ltd. ; Bharat Vidyut Co. Ltd. ;.. Blessings Commercials Pvt. Ltd. ; Bengal Institute of Neurosciences Ltd. ; Bloom Billions Sdn Bhd-Malaysia; BTR Sealing System UL Ltd. - UK; Chinsurah Chemicals Pvt. Ltd. ; Climber Properties Pvt. Ltd. ; Chemical Corporation of India Ltd. ; Chaman Trade Links Pvt. Ltd. ; Chorus Trade Links Pvt. Ltd. ; Chambal Marketing Pvt. Ltd. ; Chaity Commercials Pvt. Ltd. ; Camac Traders Pvt. Ltd. ; Dunlop Latex Foam Europe Ltd. ; Draftex Automitive , GMBH; Dunlop UK Ltd. - ..Mauritius; Dunlop Tyres Limited; Dunlop Rubbers Limited; Dunlop Investments Limited; Dunlop Estates Private Limited; Dunlop Infrastructure Private Limited; Dunlop Properties Pvt. Ltd. ; Deblok Traders Pvt. Ltd. ; Dadar Properties & Finance Pvt. Ltd. ; Deoghar Properties & Finance Pvt. Ltd. ; Durg Properties & Finance Pvt. Ltd. ; Dipti Commercials Pvt. Ltd. ; Divya Mercantile Ltd. ; Dhan E Commerce Pvt. Ltd. Double Plus Software (P) Ltd.; D K Properties Pvt. Ltd.; Eco Traders Pte Ltd.; Elloit Mercantile Pvt. Ltd.; Enormous Nivesh Pvt. Ltd. ; Edina Marketing Pvt. Ltd. ; Empire Minerals Pvt. Ltd. ; Eyelid Mercantile Pvt. Ltd. ; Electric Corporation of India Ltd. ; Ebony Commercials Pvt. Ltd. ; eMotions Media Pvt. Ltd. ; Fiber Foam (Bombay) Pvt. Ltd. ; Fabulous Nivesh Pvt. Ltd. ; Fragment Nivesh Pvt. Ltd. ; Gain Dot Com Pvt. Ltd. ; Gain E-Commerce Pvt. Ltd. ; Gyan Website Pvt. Ltd. ; Global Fin Pro Ltd. ; Globe Sugar Refinery Ltd. ; Goldman Securities Ltd. ; Goldman Stocks & Share Brokers Pvt. Ltd. ; Hardcore Viniyog Pvt. Ltd. ; Himadri Properties Pvt Ltd. ; Hirakud Industrial Works Ltd. ; Hirakud Rolling Mills Ltd. ; Hiland Traders Pvt. Ltd. ; Hiker Properties Pvt. Ltd. ; Hriday Commercials Pvt. Ltd. ; Herald Investments Pvt. Ltd. ; Hindustan Texknit Pvt. Ltd. ; Hindustan Bauxite Ltd. ; India Tyre & Rubber Co. (India) Ltd. ; Indo Wagon Engineering Ltd. ; Ibcon(Calcutta) Pvt. Ltd. ; India Finance Ltd. ; Jessop Infotech Pvt. Ltd. ; Jessop Shipyard Limited; Jessop Estates Pvt. Ltd. ; Jessop Properties Pvt. Ltd. ; Jessop Infrastructure Pvt. Ltd. ; Jessop Wagons & Coaches Ltd. ; Jai Gokul Towers Pvt. Ltd. ; Jai Brijmohan Niketan Pvt. Ltd. ; Jai Badrinath Niketan Pvt. Ltd. ; Jai Raghuvir Enclave Pvt. Ltd. ; Jai Vaibhav Niketan Pvt. Ltd. ; Jai Tridev Vihar Pvt. Ltd. ; Jai Ganga Nirman Pvt. Ltd. ; Jai Harihor Tower Pvt. Ltd. ; Janaki Marketing Pvt. Ltd. ; Kailash Enterprises(ND) Pvt. Ltd. ; Kulu Properties & Finance Pvt. Ltd. ; Kothi Lefin Pvt. Ltd. ; Kamlapur Alcohol Limited; Kamlapur Sugar & Industries Ltd; Kanti Commercials Pvt. Ltd. ; Lona Commercials Pvt. Ltd. ; ..Liluah Ceramics Pvt. Ltd. ; Manavendra Commercials Pvt. Ltd. ; Mayank Services Ltd. ; Mandhatri Traders Pvt. Ltd. ; Metropole Hills Hotels Pvt. Ltd. ; Mudrika Commercials Pvt. Ltd. ; Mugdha Properties Pvt. Ltd. ; Malini Properties Pvt. Ltd. ; Manjari Properties Pvt. Ltd. ; Manidipa

Properties Pvt. Ltd. ; Metro Developers Ltd. ; Mahant Merchandise Pvt. Ltd. ; Moulishree Electricals & Electronics Ltd. ; Monarch Exim Pvt. Ltd. ; Mridula Marketing Pvt. Ltd. ; Nivedita Properties Pvt. Ltd. ; Nandini Properties Pvt. Ltd. ; Nandan Suppliers & Contractors Pvt. Ltd. ; Onix Business Services Ltd. ; Ocean Cement Limited; Ocean Constructions Pte Ltd. ; Our Films Productions Pvt. Ltd. ; OM Cotex Ltd. (Formerly Ruia Cotex Ltd.) ; Olivia Tours & Travels Pvt. Ltd.; Pacific Website Pvt. Ltd. ; Pacific Apparels Ltd. ; Pawan Herbals Pvt. Ltd. ; Parnika Marketing Private Ltd. ; P.K. Constructions Pvt. Ltd. ; Payneganga Sugars & Chemicals Ltd. ; Power Corporation of India Ltd. ; Pallavi Manufacturers Pvt. Ltd. ; Rose E-Commerce Pvt. Ltd. ; Radient Investment Ltd.-Mauritius; Raghav Industries Ltd. ; Rapid Investment Ltd.-Mauritius; Ruia Agro Products Pvt. Ltd. ; Ruia Hospital & Educational Research Institution; Ryham Pte Ltd. - Singapore; Rose Investment Ltd.- Mauritius; Ruia Hotels Pvt. Ltd. ; Ruia Electronics Pvt. Ltd. ; Renuka Resorts Pvt. Ltd. ; Resource Cement Ltd. ; Ruia Iron & Steel Co. Pvt. Ltd. ; Ruia Overseas Private Limited; Ruia Technologies Ltd. ; Ruia Marketing Ltd. ; Satarupa Properties Pvt. Ltd. ; Shalini Properties & Developers Pvt. Ltd. ; Sheetal Exports Ltd. ; SPR Resorts Ltd. ; Securities Brokers of India Ltd. ; Sagarika Properties Pvt. Ltd. ; Shakambari Communications Pvt. Ltd. ; Shankar Traders & Dealers Ltd. ; Sarvan Commercials Pvt. Ltd. ; Shresth (India) Pvt. Ltd. ; Skypak Properties & Finance Pvt. Ltd. ; Subhlaxmi Compusis Pvt. Ltd. ; Sayaji Marketing Pvt. Ltd. ; Stephen Financial Services Pvt. Ltd. ; SPR Sugar & Chemicals Ltd. ; Sterling Share Brokers (P) Ltd. ; Shalimar Towers Pvt. Ltd. ; Sugandha Industries Pvt. Ltd. ; Schlegal Automative Europe Ltd. - U.K. ; Schlegal Automative India Pvt. Ltd. ; Spices Valley Estates Ltd. ; SPR Textiles Pvt. Ltd., Subhra Marketing Ltd., Sukaram Marketing Ltd., Surag Commercial Pvt. Ltd. Tribhuban Marketing (p) Ltd., Udbav Commercials Pvt. Ltd., U. P. Hydro Projects Ltd., U. P. Bio Chem Ltd., vantura Project Pvt Ltd., Vilas Marketing Private Limited., Wealth sea Ltd., Mauritius Wealth Overseas Ptc Ltd., Singapore Wealth Ocen Ptc Ltd., Singapore Wizer Advertising Pvt. Ltd., Yamuna Website Pvt. Ltd., Zipco Industrial Finance Pvt. Ltd., Zeal Infotech Pvt. Ltd.,

d) Key Management Personnel:

a) Mr. Pawan Kumar Ruia (Executive Chairman)

b) Mr. Sunil Bhansali (Executive Director)

7. The Companys operations predominantly of only one product segment, Tyres and Tubes. The export sales of the Company are insignificant as compared to total sales during the year so as to constitute a geographical segment. Therefore, seperate segment information as required in terms of Accounting Standard (AS 17) on Segment Reporting has not been considered. Further as income from Co-Gen is less than 10% of the total segment the same has not been considered to be a separate segment.

8. Expenditure in foreign currency

- Travelling - Rs. 26.75 Lacs (Rs. 4.38 Lacs)

- Royalty - Rs. 141.44 Lacs ( Rs. 57.92 Lacs)

- Others - Rs. Nil ( Rs. 0.71 Lacs)

9. Research and Development Expenditure (charged to Profit and Loss Account) - Rs.17.58 Lacs (Rs. 15.02 Lacs)

10. Earnings in Foreign Exchange on account of export of goods calculated on FOB basis Rs. 1315.66 Lacs (Rs.3828.35 Lacs)

11. a) The Previous years figures have been re-grouped / re-arranged wherever considered necessary.

b) Figures in brackets relates to the previous year.

c) Previous years figures are not comparable as current year figures are for 12 months and previous year figures are for 18 months.