1.  Contingent Liabilities of
 
                                             Amount in Rupees 
                                          2011-12     2010-11
 
 (a) Letter of credit by bank           14,23,829         NIL
 
 (b) Disallowance of expenses under 
 Income Tax Act for A.Y.- 1996-97       13,51,672   13,51,672 
 matter pending with High Court of 
 Gujarat 
 
 2.  The figures are rounded off to the nearest rupee and are regrouped
 or rearranged, wherever necessary to make them comparable.
 
 3.  Sundry Debtors, Sundry Creditors, Loans and Advances, Deposits and
 Personal Accounts either debit or credit are subject to conformation
 from parties and reconciliation if any.
 
 4.  In the opinion of the Board, the current assets, loan and advance
 have a value on realisation in ordinary course of business at least
 equal to the amount at which they are stated.
 
 5.  Segment Reporting :
 
 Company has only one primary segment of manufacturing and sale of
 labels and doses not fall under secondary segment. In view of this,
 details of segment information is not given as required by AS 17
 Segment Reporting issued by The Institute of Chartered Accountants of
 India.
 
 6.  Related Party Transactions
 
 (A) Related Parties and nature of relationship
 
 Sr.No. & Name of Related Party        Description of Relationship
 
 1. Mr. Dinesh Bilgi                    Chairman & Managing Director
 
 2. Mr. Neel Bilgi                      Executive Director
 
 3. Mr. Pragnesh K. Shah                Executive Director
 
 4. Mr. Chirag Bilgi                    Executive Director
 
 5. Mr. Laxman C. Tilani                Director
 
 7. Bad debts of Rs. 17,05,096/- in Note no. 23 of Financial Statement
 includes Rs. 8,77,487/- in respect of Export Debts for which
 Application to get approval for write-off from Authorised Dealer is
 made on 11/05/2012 as required under FEMA. Approval, for which is yet
 to be received.