1.  Figures of the previous year have been reworked, regrouped,
 rearranged and reclassified wherever necessary, to make them comparable
 with the current year figures. All figures and numbers appearing in
 these notes are in Lacs.
 
 2.  Capital commitment-estimated amount of contracts remaining to be
 executed on capital account (net of advances) and not provided for Rs.
 68.19 (Previous year Rs. 136.00)
 
 3.  RELATED PARTY DISCLOSURES (AS-18)
 
 (i) LIST OF RELATED PARTIES WITH WHOM TRANSACTIONS HAVE TAKEN PLACE AND
 RELATIONSHIPS :-
 
 S.  Name of Related Party                 Relationship
 No.
 
 1. Mr. Anil Moolchandani                  Key Management
 (Chairman Cum Managing Director)          Personnel
 
 Mr. Jagdish Moolchandani
 (Executive Director)
 
 Mr. Pramod Arora
 (Joint Managing Director)
 
 Mr. Vijayant Chhabra
 (Executive Director)
 
 2.Mrs. Neeru Moolchandani w/o            Relatives of Key
 Mr. Anil Moolchandani                    Management Personnel
 
 Mrs. Pushpa Moolchandani w/o
 Mr. Jagdish Moolchandani
 
 Mr. Varun Moolchandani s/o
 Mr. Anil Moolchandani
 
 Mr. Karan Moolchandani s/o
 Mr. Anil Moolchandani
 
 Mr. Raghav Moolchandani s/o
 Mr. Jagdish Moolchandani
 
 Mrs. Veena K. Talreja Sister of
 Mr. Anil Moolchandani &
 Mr. Jagdish Moolchandani
 
 Mr. Vikrant Chhabra Brother of
 Mr. Vijayant Chhabra
 
 3.  Empire Greetings & Gifts Pvt. Ltd.      Enterprises over which key
 M/s Rattanjee                               management personnel
 Andani Corp.                               or their relatives exercise
                                             significant influence
 
 4.  Some of the debit and credit balances are subject to
 reconciliation and confirmation. The company is in the process of
 reconciling such balances.
 
 5.  Contingent Liabilities:
 
 a) Estimated amount of Letters of Credit Rs. 96.38 (Previous Year:
 274.91)
 
 b) Estimated amount of Bank Guarantee Rs. 23.76 (Previous Year: 28.80)
 
 c) Income Tax Demand (Block Period) Rs. 340.27* (Previous Year: 340.27)
 
 d) Service Tax on Rent Paid Rs. 1.32 (Previous Year: 56.57)
 
 e) Dispute of Rent Escalation and CAM Rs. 13.69 Charges (Previous Year:
 00.40)
 
 e) Dispute of VAT/CST/ Entry Tax Rs. 1.89 (Previous Year: Nil)
 
 *On 7th January 2000 Income Tax Department carried out search & seizure
 operation and a demand was raised to the tune of
 
 Rs. 340.27, which is disputed by the company. The company had filed an
 appeal against the order with CIT (Appeals) and the demand has been
 reduced to Rs. 74.82. The company has filed an appeal against the order
 of CIT( Appeals) with Income Tax Appellate Tribunal.The Income Tax
 Department has also filed an appeal against the order of CIT (Appeals)
 with Income Tax Appellate Tribunal.
 
 6.  Accounting for Taxes on Income (AS - 22):
 
 The company has recognised following deferred tax assets & liabilities
 determined on account of timing differences in accordance with AS - 22
 issued by the Institute of Chartered Accountants of India.
 
 (iii) Notes to Segment information
 
 Segment Revenue and Expense
 
 - Joint revenues and expenses are allocated to the business segments on
 a reasonable basis to the extent possible.
 
 Segment Assets and Liabilities
 
 - Segment assets include all operating assets used by segment
 comprising fixed assets, Investments and Current assets, loan and
 advances. Segment liabilities include all operating liabilities
 principally of current liabilities and provisions.
 
 Capital Employed
 
 - Due to the nature of business and common manufacturing facilities for
 various segments, a reasonable allocation of capital employed to
 various segments is currently not practicable.
 
 7. The company has initiated the process of obtaining confirmation
 from the suppliers who have registered themselves under the Micro,
 Small and Medium Enterprises Development Act 2006. Based on the
 information available with the company, there is no overdue amount at
 the year end in respect of suppliers covered under the said Act.
 Further no interest during the year has been paid or payable under the
 Act.
 
 8.  Operating Lease (AS-19)
 
 The Company has entered into operating lease arrangements for premises.
 Lease payments recognised in the statement of profit and loss under
 non-cancelable operating leases in respect of these assets is Rs.
 1838.96 (Previous Year Rs. 1455.37), which includes contingent rents of
 Rs. 27.44 (Previous Year Rs. 0.80). The lease agreements are further
 renewable after its
 
 9.  Security deposits received by the company from Franchises,
 Distributors and Agents are as per their respective agreement.
 
 10.  The Company has capitalised borrowing cost amounting to Rs. 0.93
 (Previous Year Rs. 6.62) as per Accounting Standard 16 Accounting for
 borrowing costs issued by Institute of Chartered Accountants of India.
 
 11.  Schedules A to N form an integral part of the Balance Sheet and
 Profit & Loss Account as at 31 March 2010.