1. Terms/right attached to equity shares

The company has only one class of equity share having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the company, the holder of equity shares will be entitle to receive 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.

2. Term Loans from Banks :

(a) Vehicle loan [closing balance Rs. Nil (P. Y. 800000)]-carried interest @ 8.75% p.a. The loan was during the period. The loan was secured by hypothecation of the vehicle purchased there against. Current Maturity of long-term borrowings is Rs. Nil(P.Y. 800000)

(b) Vehicle loan [closing balance Rs. 1247756 (P. Y. 1500000)]-carries interest @ 8.35% p.a. The loan is repayable in 60 monthly installments of Rs. 30668 each along with interest from 05-04-2017 and last installment due on 05-03-2022. The loan is secured by hypothecation of the vehicle purchased there against. Current Maturity of long-term borrowings is Rs. 274137(P.Y. 252244)

3. Term Loans from Financial Institutions :

(a) Term loan [closing balance Rs. 15401000(P. Y. Rs. 18467000)]-carries interest @ 9.35% to 9.95% p.a. The loan is repayable in 78 monthly installments comprising first 77installments of Rs. 255500 each and last 78th installment of Rs. 326500 excluding interest from 10-10-2016 and last installment due on 10-03-2023. The loan is secured by way of : (i) Hypothecation of plant and machinery, equipment, tools, spares, accessories and all other assets acquired or proposed to be acquired under the Small Industries Development Bank of India("SIDBI") Scheme as primary security(ii) Fixed deposits and Life insurance policies of directors, company and relatives of directors(iii) Personal guarantee of Directors and Promoter of the company. Current Maturity of long-term borrowings isRs. 3066000 (P.Y. Rs. 3066000)

(b) Vehicle loan [closing balance Rs. 1426138 (P. Y. 2742524)]-carries interest @ 9.65% p.a. The loan is repayable in 60 monthly installments of Rs. 126458 each along with interest from 16-04-2014 and last installment due on 16-03-2019 The loan is secured by hypothecation of the vehicle purchased there against. Current Maturity of long-term borrowings is Rs. 1426138(P.Y. Rs. 1309048)

4. Short-term borrowings from Banks :

(a) Cash credit facility is secured against trade receivables of the Company. Further, it has been personally guaranteed by Directors and Promoter of the company and Third parties. It carries interest @ 10% p.a.

(b) Working capital facility is primarily secured against inventories, trade (export) receivables and collateral security of plant and equipments and factory shed of the Company as well as properties of the relatives of the directors. Further, it has been personally guaranteed by Directors and Promoter of the company and Third parties. It is repayable on demand and carries interest @ 10% p.a.

5. Loans repayable on demands from Related Parties and Others :

Unsecured loans from related parties and others are taken and maintained during the year pursuant to the stipulation mentioned by the banks for loans facilities availed from them and are repayable on demand and carries interest @ 9% p.a (P.Y. 12% p.a.)

Note:6

6.1 The Company has availed interest subvention of Rs. 1102348 during the period (P.Y :Rs. 1162128) from bank on working capital facility which has been reduced from interest expenses.

6.2 The Company has availed interest subvention of Rs. 849866/- during the period (P.Y :Rs. 31267) from SIDBI under capital expansion scheme which has been reduced from interest expenses.

7. Previous year’s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

8. The Company has not received any intimation from "Suppliers” regarding their status under Micro, Small and Medium Enterprise Development Act, 2006, and hence, disclosures, if any, relating to amount unpaid as at the period end together with interest paid/payable as required under the act has not been given.

9. Contingent Liability not provided for:

Disputed Central Excise demand Rs. 806115 (P.Y. Rs. 806115) along with interest for the period April 2009 to March 2014.

10. Disclosure requirement as required by the AS-15 (Revised 2005), Employee Benefits are not given in view of non-availability of the required information with the company.