Remi Elektrotechnik Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is an engineering company primarily engaged in manufacturing of electrical motors and laboratory equipments. The company is also developing commercial real estate property at Andheri (West), Mumbai. The Company is listed on BSE.

2. Contingent liabilities not provided for:

i) Guarantee to bank on behalf of other Companies Rs.8,40,00,000/- (P.Y. Rs.8,40,00,000/-).

ii) Guarantee issued by bank on behalf of the company Rs.82,10,317 /- (P.Y. Rs. 1,23,38,355/-).

iii) Service tax liability disputed by the Company Rs.8,65,563 /- (P.Y. Rs.9,89,963/-)

iv) Estimated amount of contracts remaining to be executed on Capital Account and not provided for (net of advances) Rs. 1,25,000 /- (P.Y. Rs. 1,53,349/-)

v) Sales Tax liability disputed by the Company Rs.25,227/- (P.Y. Rs. 25,227/-)

vi) Bills Discounted with Bank Rs.Nil (P.Y. Rs. 4,98,808 /-)

vii) Letter of credit issued by bank on behalf of the company Rs. 11,82,943/- (P.Y. Rs. Nil)

viii Income Tax liability disputed in appeal Rs.23,29,390/- (P.Y. Rs.Nil)

3. Related parties disclosures:

i) (a) Key Management Personal:

Shri V.C.Saraf- Managing Director Shri Ritvik.V.Saraf- Executive Director Shri Sunil Saraf - Executive Director

(b) Associate companies:

Bajrang Finance Ltd., Remi Process Plant & Machinery Ltd. and Remi Edelstahl Tubulers Ltd.

(c) Relatives of key management personal and their enterprises where transactions have taken place:

Rajendra Electric Motor Industries, Ritvik Saraf

4. (A) Defined Contribution Plans:

The Company has recognized the following amounts in the Statement of Profit and Loss for the year:

5. The Company has undertaken real estate development in earlier year on a leasehold land acquired in 1971. The Company converted the leasehold land rights into stock-in-trade in April 2010 at fair market value based on valuation report/ready reckoner rates. After conversion, the company obtained various permissions for development and incurred further total cost of Rs.101,31,49,756/- upto 31.03.2015 (P.Y. Rs.90,39,47,689/-). The income from real estate development has been calculated based on the guidance note issued by the Institute of Chartered Accountants of India on real estate transactions and the provisions of the Income Tax Act, 1961.

6. The company has not received details from its suppliers as to whether any of them are micro small and medium enterprises and hence any overdue amount payable to such enterprise s cannot be compiled. However, the company is paying to its suppliers as per agreed terms.

7.a) Imports of goods on CIF basis Rs.62,21,584/- (P.Y.Rs.68,95,073/-)

b) Expenses in Foreign Currency : Travelling Rs.11,30,885/-(P.Y.Rs.11,38
                                  ,312/-)

                                : Sales Promotion Rs. 10,25,489/- (P.Y.
                                  Rs.12,16,325/-)

8. Earning in foreign Currency  : FOB value of Exports Rs.3,50,08,177/-
                                  (P.Y. Rs.3,90,74,981/-)

10. Figures within brackets are for previous year.

11. Figures have been rounded off to the nearest rupee.

(a) Terms/ Rights Attached to Equity Shares:

The company has only one class of equity shares having par value of Rs. 10. Each holder of equity shares is entitled to one vote per share. The compnay declares and pays dividend in Indian Rupees. The dividend proposed if any by the Board of Directors is subject to the approval of the shareholders in the ensuing annual general meeting.

In the event of liquidation of the company, the holders of the equity shares will be entitled to recieve remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.