2. The company provides for gratuity in accordance with the payments of Gratuity Act,1972,a defined retirement plan (the plan) covering all employee.

3. Contingent Liability not provided for in respects of : Rs in (Lacs)

                                         Current Year     Previous Year

(a) Outstanding balance of Bank
Guarantees                                Rs 6210.76       Rs 4666.91

(b) Corporate Guarantee                   Rs 4440.00      *Rs 4440.00

* Corporate Guarantee issued in favor of Tirupati Aluminium Limited **Outstanding FLC includes Buyer Credit Against Term Loan

Balance of Unsecured Loans Current Liabilities, Current Assets, Loans and Advances are subjects to confirmation and reconciliation from the respective parties. However the management does not expect any material difference affecting the financial statement for the year.

4. In opinion of the Board of Directors, the Current Assets. Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

5. Estimated amount of Contracts remaining to be executed on Capital Account and not provided for net of advances Rs 91.60 Lacs(Previous Year Rs 91.60 Lacs)

6. During the year, the Company has accounted for Deferred Tax Liability/assets in accordance with the Accounting Standard-22 "Accounting for Taxes on Income" issued by the Council of the Institute of Chartered Accountants of India.

7. Segment Reporting Primary Segment

Based on the guiding principle given in the Accounting Standard-17 "Segment Reporting" issued by the institute of Chartered Accountants of India, The Company's primary segment are Pipes & Fitting, Irrigation System, ACC & ACP Sheets and Trading in Polymers & Aluminum Etc.

The above business segment have been identified considering:

I. The Nature of the products

II. The related risks and returns.

III. The internal financial reporting systems

B. Secondary Segment

The Company caters mainly to the needs of Northern Markets 10.Related Party Disclosure

Disclosure as required by the Accounting Standards 18 " Related Disclosure" are given below: a) List of Related Parties:

Associated Companies

S.   Name of the               Address                Relationship
No   Related Party

1.   Chemiplast Industries    55-57,Industrial        Associate Concern
                              Area, Sector-1,
                              Parwanoo

2.  Tirupati Aluminium       44/1,Pipli Wala Town,   Associate Company
    Limted                   Mani Majra,Chandigarh

1 Sh. M.L Gupta 2. Sh. Ramesh Gupta 3. Sh. Amit Gupta

8.Earning Per Share

In determining earning per share , the company considers the net profit after tax for the year attributable to equity shareholders. The Numbers of share is the weighted average number of share outstanding during the year. The numbers of share used in computing diluted earning per share comprise the weighted average per share considered for deriving basic earning per share, & also the weighted average numbers of share which could have been issued on the conversion of dilutive potential share, Disclosures as required by AS(20) is given as under:-

9. Disclosure as required under Accounting Standard-19"Accounting for Lease " as Prescribed under Companies (Accounting Standards) Rule 2006:

The Company has not entered into any fresh operating leasing agreement during the year Current Financial Year.

10. Disclosure under Micro, Small, and Medium Enterprises Development Act,2006

The management of the Company has shown its inability to indentify the creditors which micro and small enterprises. So due to the known availability to relevant information and by accepting this representation of the management it is impracticable to provide the requisite information.

11. Expenditure on employee in receipt of remuneration of not less than Rs. 60,00,000/- per annum, if employed through out the year or 5,00,000/- per month Nil when employed for the part of the year.