2. Deferred Sales Tax is payable over period of 15 years. Loan from related parties are not subjected to any repayment terms. Term Loans are repayable over a period of 7 years from the date of disbursement Buyers' credit are payable over a period of 3 years. Car Loan is payable over a period of five years from the date of disbursement.

3. Term Loans from Cosmos Co Operative Bank Limited are secured by first charge by way of equitable mortgage on the company's immovable property situated at Bangalore and first charge on the Plant and Machinery of the company.

4. Car Loan is secured by hypothecation of vehicles acquired under the scheme.

The Short Term Borrowings are under Consortium Banking Arrangement with Bank of India, State Bank of India and Cosmos Co-Operative Bank Limited are secured by first pari-passu charge on hypothecation of stocks. Book Debts and other Current Assets of the company and exclusive first charge on company's immovable property situated at Asangaon, Maharashtra (applicable for State Bank of India and Bank of India only) and second pari- pasu charge on the Fixed Assets of the company (including second charge by way of Equitable Mortgage of the immovable properties in Bangalore). Short Term Borrowings are Guaranteed by Two Promoter Directors and One of their relatives.

5 Trade Payables :

Trade Payables include a sum of Rs. 75.50 lacs (PY. Rs. 54.50 lacs) due to SMEs to the extent such parties have been identified from available information. The amount outstanding for more than 30 days as on 31.03.2015 is Rs. 22.12 (PY. Rs. 15.20) lacs. Trade payables are subject to confirmation from parties .

Inventories are valued as follows

a. Stores and Spares at Cost on FIFO Method of Valuation

b. Raw Materials at Cost on FIFO Method of Valuation

c. Work in Progress at Cost*

d. Finished Goods at Cost*/ Net Realisable value whichever is less

* Cost includes Direct Labour, Applicable Overheads and Excise Duty in case of Finished Goods.

6. Contingent Liabilities (not provided for in the accounts) : Rs. in Lacs

Particulars                               31.03.2015        31.03.2014

Factoring Obligations                        911              861

Guarantees for Customs Duty                  450              450

Guarantees for Financial                     500              500
Institutions/Banks as security

Export Obligations under EPCG scheme          51            1,174

Disputed Income Tax                           49              249

I. Controlling Companies : NIL

II. List of Related Parties :

Fibre Foils Limited                               Related Party

Sansha Systems Limited                            Related Party

Shetron Enterprise Private Limited                Related Party

Shetron Metropak Private Limited                  Subsidiary

Bunts Properties Private Limited                  Related Party

Mr. Diwakar S Shetty                       Key Management Personnel

Mr. Kartik Nayak                           Key Management Personnel

The Primary Segment based on the Business Segment. The Secondary Segment is based on the Geographical Location of the customers.