A Other Additional Information
 
 I In addition to the activities in the field of business support
 services and consultancy services, the company has further forayed into
 
 real estate construction and development activities and in pursuance to
 which the company has entered into a partnershi p with various group of
 individuals and has made investment through a hundred percent
 subsidiary company.
 
 II Prior period adjustment represents short/excess provisioning of
 revenue and expenses in earlier years due to errors an d omissions,
 which are now booked or reversed.
 
 IV a.The Company had acquired 100% voting power of the Homework Crafts
 (India)Private Limited (Subsidiary Company- HWCIPL) and control of
 Composition of Board of directors in February 2007, since then the
 structure of Capital holding and management control remains the same.
 
 b.The Company had advanced to HWCIP a sum of Rs. 20441696/- for the
 investment in land for a real estate development project of commercial
 complex.
 
 VI Due to Small scale, micro and medium enterprises
 
 Based on the information available with the company, there is no dues
 payable to micro, small and medium enterprises as defined in The Micro,
 Small & Medium Enterprises Development Act, 2006. This information has
 been relied upon by the statutory auditor of the company.
 
 b. Secondary Segment (by geographical locations)
 
 The company caters only to the domestic market and hence here are no
 reportable geographical segments.  Segment Revenue ;
 
 Segment results ; Segment Assets ; Segment Liabilities include the
 respective amounts identifiable to each Segment as also amounts
 allocable on a reasonable basis. Income and expenses which are not
 directly attributable to any business segment are shown as unallocated
 corporate income/ expense. Assets and Liabilities that cannot be
 allocated between the segments are shown as a part of unallocated
 corporate assets and liabilities respectively.
 
 V Capital work in Progress
 
 In the earlier years when the company was engaged into business
 activity of manufacturing PE Tarpaulin and PP/HDPE woven sacks, it also
 embarked upon setting up a weaving unit incurring substantial cost for
 its implementation which later in the interim stages had to be
 suspended due to constraints of financing of weaving unit and
 subsequently abandoned in view of disposal of entire assets relating to
 PE Tarpaulin/PP/HDPE woven sack manufacturing.
 
 With the aforesaid background of events, the company could neither
 liquidate its investment into the un commissioned weaving division nor
 could proceed further to complete setting up of the said un
 commissioned weaving division since by then the entire projections and
 industry economics had undergone substantial change. After the change
 of management in FY 2005-06, the new management also explored
 possibility for a best possible commercial realization of the value of
 cost featuring as Capital work in Progress in respect of the un
 commissioned weaving division but failed in view of the changed
 industry requirements, technology up gradation and resultant cost
 economics.
 
 Consequent to all the aforesaid, in F.Y. 2006-07, the manage ment had
 taken a conscious decision to finally abandon the said un- commissioned
 weaving division and realize whatever salvages value it can fetch for
 all such un commissioned equipments. Value of Capital work in Progress
 has therefore been represented net of provision for estimated losses
 provided in financial year 2005-06 and actual write off of unrealized
 value of capital work in progress totaling Rs. 1,02,62,218/- during
 financial year 2007-08 against such provision of impairment losses. The
 company is looking for potential buyer of the weaving unit and planning
 to sell-off the same in totality.
 
 VI Investments: Investments in quoted and unquoted companies though
 made on long term basis as per information available neither they are
 being traded on the stock exchange nor their financial statements have
 been available. Management has accordingly termed the quoted shares
 or unquoted shares and provided for diminution in their value on
 estimate basis.
 
 VII During the year the company has made expenses of Rs. 12.83 as
 consultancy and listing fess for listing the Equity Shares of the
 company at Bombay Stock Exchange. The Equity shares of the company has
 been listed with effect from 16 th January 2012.
 
 VIII The Central Government vide notification SO. 447 (E) dated February
 28, 2011, has revised the Schedule VI under the Companies Act, 1956 and
 the same has become applicable for the Financial Statements to be
 prepared for the financial year commencing on or after April 1, 2011.
 Accordingly, the company has reclassified the previous year figures to
 conform to this year''s classification. The adoption of the revised
 Schedule VI does not impact the recognition and measurement principles
 followed for the presentation of the Financial Statements.
 
 XV The figures of previous year have beenregrouped /r eclassified,
 where necessary, to Confirm with the current year''s classification.
 
 1) Principles of Consolidation :
 
 i. The consolidated financial statements relates to Asia Pack Ltd. and
 its subsidiary company as at 31st March, 2012. Same have been prepared
 using uniform accounting policies for like transactions and other
 events in similar circumstances and are presented in the same manner as
 the company''s separate financial statements.
 
 ii.The financial statements of the subsidiary company have been
 consolidated on a line to line basis by adding together the book values
 of like items of assets, liabilities, incomes and expenses, after fully
 eliminating intra group balances / transactions.
 
 iii. Investments in Associate Companies have been accounted for under
 the equity method as per Accounting Standard 23 Accounting for
 Investments in Associates in Consolidated Financial Statements issued
 by ICAI.
 
 iv.The details of Subsidiary company whose financial statements are
 consolidated is as under:
 
 2) The accounting policies of the parent company are presented in note
 1 forming part of its standalone financial statement. Difference in
 accounting policies followed by the subsidiary companies consolidated
 have been reviewed and no adjustments have been made, since there are
 no material differences.
 
 3) The other notes/additional information to these consolidated
 financial statements are disclosed to the extent necessary for
 presenting a true and fair view of the consolidated financial
 statements.
 
 4) Investments: Investments in quoted and unquoted companies though
 made on long term basis as per information available neither they are
 being traded on the stock exchange nor their financial statements have
 been available. Management has accordingly termed the quoted shares
 or unquoted shares and provided for diminution in their value on
 estimate basis.
 
 5) Prior period adjustment represents short/excess provisioning of
 revenue and expenses in earlier years due to errors and omissions,
 which are now booked/reversed.
 
 6) The Central Government vide notification SO. 447 (E) dated February
 28, 2011, has revised the Schedule VI under the Companies Act, 1956 and
 the same has become applicable for the Financial Statements to be
 prepared for the financial year commencing on or after April 1, 2011.
 Accordingly, the Company has reclassified the previous year figures to
 conform to this year''s classification. The adoption of the revised
 Schedule VI does not impact the recognition and measurement principles
 followed for the presentation of the Financial Statements.
 
 Deferred tax assets has not been recognized because there is less
 reasonable certainty that the assets can be realized in the future, and
 in case of unabsorbed depreciation or carried forward loss under
 taxation laws, deferred tax assets has not been recognized due to non
 availability of supporting convincing evidence for recognition of such
 assets showing its virtual certainty, . The above assumption for
 Deferred tax assets should be reassessed for the its recognition at
 each balance sheet date.
 
 7) a. The Company had acquired 100% voting power of the Homework
 Crafts (India)Private Limited (Subsidiary Company- HWCIPL) and control
 of Composition of Board of directors in February 2007, since then the
 structure of Capital holding and management control remains the same.
 b.The Company had advanced to HWCIP a sum of Rs. 20 441696/- for the
 investment in land for a real estate development project of commercial
 complex.
 
 b. Secondary Segment (by geographical locations)
 
 The company caters only to the domestic market and hence here are no
 reportable geographical segments. Segment Revenue; Segment results;
 Segment Assets; Segment Liabilities include the respective amounts
 identifiable to each Segment as also amounts allocable on a reasonable
 basis. Income and expenses which are not directly attributable to any
 business segment are shown as unallocated corporate income/ expense.
 Assets and Liabilities that cannot be allocated between the segments
 are shown as a part of unallocated corporate assets and liabilities
 respectively.
 
 8) During the year the company has made expenses of Rs. 12.83 as
 consultancy and listing fess for listing the Equity Shares of the
 company at Bombay Stock Exchange. The Equity shares of the company has
 been listed with effect from 16th January 2012.
 
 9) Figures pertaining to the subsidiary companies have been
 reclassified wherever necessary to green them in line with the group''s
 financial statement.