ii) Contingent Liabilities in respect of the following:

                                                      (Rsin lacs)
Particulars                        As at March          As at March
                                   31, 2015             31, 2014

Letters of credit opened by 
the bankers of the Company 
in favour of the                     47.76                   -
third parties

Guarantee given by the banks to 
the third parties on behalf 
of the company                      766.66               734.67

Letter of Credit discounted 
with bank                            54.00               101.07

Claims of Excise disputed by 
the Company                          99.32                90.29

Claims of Sales Tax disputed by 
the Company                         141.36                43.90

Consequent upon adoption of Accounting Standard on "Employee Benefits" (AS 15) (Revised 2005) issued by the Institute of Chartered Accountants of India, as required by the Standard, the following disclosures are made.

iv) Trade Receivables over six months comprises of Rs. 629.26 lacs (Previous year Rs. 614.35 lacs) due from Government concerns and Rs. 215.38 lacs (Previous year Rs. 215.90 lacs) due from commercial parties.

v) In the opinion of the Management, the current assets, loans and advances are approximately of the values stated if realised in the ordinary course of business and all provisions for laibilities are adequate and not in excess of the amount considered necessary.

vi) In the opinion of the Management, no provision is required against contingent liabilities referred hereinabove.

vii) Advance and deposits from customers reflected under 'Other Long Term Liabilities' and 'Other Current Liabilities' represent advance / dealership deposit received by the Company for supply of capital goods.

viii) Balance of Trade Receivables and Trade Payables are subject to confirmation.

ix) Pursuant to Companies Act, 2013 ('The Act') being effective from 1st April 2014, Company has revised its depreciation rates on fixed assets as per their useful lives specified in Part 'C' of Schedule II of the Act. As a result depreciation expenses for the current year is lower by Rs. 62.26 lacs and accordingly loss for the current year is lower by the same amount. Further due to change of depreciation from the date of purchase, a sum of Rs. 136.08 lacs (Net of Deferred Tax), being difference in depreciation upto 31st March, 2014 has been credited to General Reserve.

ix) The details of amounts outstanding to Micro, Small and Medium Enterprises based on available information with the company is as under:

x) The recurring expenditure of Rs. 71.54 lacs (Previous year Rs. 49.11 lacs) and Capital Expenditure of Rs. Nil (Previous Year Rs. 0.65 lacs) spent in respect of Research and Development during the year have been debited to respective account.

xi) Segment Information :

The Company has identified its Business Segments as its Primary Segments comprising of Electronic Components and Equipments.

Primary Segment Information :

(*) Raw materials consumed:

i) Includes material used for service activities.

ii) Excludes sale and stock of scrap.

iii) Includes Conversion and Processing charges Rs 363.03 lacs (Previous Year Rs 344.26 lacs)

xi) Due to absence of profits during the year, the management personnel have been paid the remuneration as approved by shareholders and remuneration committee as minimum remuneration.

xii) Previous year's figures have been re-classified and re-grouped wherever necessary.