Toyama Electric Limited ('the company') was incorporated as a private limited company on Julyl5th,1985 and domiciled in India and incorporated under the provisions of the Companies Act, 1956. Company was converted into Public company on 1st December, 1993 and listed in Bombay Stock exchange. The Company is engaged in the manufacturing and selling of electrical switches, transformers and components there of.

1) The reconciliation of the number of equity shares and share capital:

2 ) Rights, preferences, and restriction attached to shares.

The company has only one class of equity shares having par value of Rs 10 per share. Each holder of equity shares is entitled to one vote per share. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting.

In the event of the liquidation of the Company, the holder of equity shares will be entitled to receive the remaining asset of the Company, after distribution of all preferential amount, the distribution will be proportionate to the number of equity shares held by the shareholders.

3) Capital Commitments Estimated amount contracts remaining to be executed on capital account and not provided for (Net of advances)- NIL (previous year-Rs. 170,000/-)

4) Segment Reporting

The Company operates in only one primary segment of business. Secondary segmental reporting is based on the geographical location of customers. During the year company had entire business within India hence separate segmental reporting is not applicable.

5) Balances in parties accoounts are subject to confirmation and reconciliation.

6) Based on the information available with the Company, there are no overdue amount payable to Micro, Small and Medium Enterprises as defined under the Micro, Small and Medium Enterprises Development Act, 2006. Further, the Company has not paid any interest to any Micro, Small and Medium Enterprises during the year. This has been relied upon by the auditors.

7) Impairment of Assets - Accounting Standard- 28

The Company has carrier! out a verification of Assets and found no material Impairment of Assets as on 31- 03-2014. therefore no provision is made in respect of Impairment of Assets during the year.

8) Leasing arrangements Operating Leases

i)The Company has taken various office premises under operating lease. These are generally not non- cancelable and range between 11 months and 3years and are renewable by mutual consent on mutually agreeable terms. The Company has given refundable interest free security deposits under certain agreements.

ii)Building is taken on operating lease with options of renewal against increased rent and premature termination of agreement.

iii)Lease payments are recognized in the statement of profit & loss under "Lease Rentals" in note no 24

iv)Future minimum lease payments under non- cancellable operating lease are Nil,

v)There are no contingent rents.

8) Remittance in Foreign Currency on account of dividends:

9) Investments in Mutal Funds and Other Equity Shares arc stated at cost. No provision for diminution in value is made since these investments are intended to be held for a longer period.

10) No depreciation has been provided on other office buildings as the same has not been used during the year.

11) There were no contingent liablities, Necessary provisions have been made in the books of accounts for the year 2013-14 in respect of all known liabilities. There were no contingents assets arise from the unplanned or other unexpected events that give rise to possibility of an inflow of economic benefits.

12) Previous year's figures have been regrouped / reclassified wherever necessary to conform to current year's classification.