a) The Company has issued only one class of shares referred to as
 equity shares having a par value of Rs.5/-. All equity shares carry one
 vote per share without restrictions and are entitled to dividend, as
 and when declared.  All shares rank equally with regard to the
 Company''s residual assets.
 
 b) The Company has issued Nil (Previous Year : 19,67,108 Equity Shares)
 Bonus Shares during the period of 5 years immediately preceding the
 Balance Sheet date.
 
 c) The amount of per share dividend recognised as distributions to
 equity shareholders during the year ended 31st March, 2012 is Rs.1.125
 (Previous Year: Rs.1.125), subject to approval by shareholders in the
 ensuing Annual General Meeting.
 
 a) Term Loans Secured by way of first charge, in respect of all the
 current asset, both present and future, of the Company and Fixed
 assets, both present and future, and further secured by personal
 guarantees of Directors.
 
 i. Corporation Bank Term Loan of Rs. 2,477.13 Lacs (Previous Year : Rs.
 2,469.30 Lacs) repayable within 72 months including initial moratorium
 period of twelve months from the date of first disbursement in twenty
 quarterly equal instalments. Repayable by February 2015.
 
 ii. Standard Chartered Bank Term Loan of Rs.359.38 Lacs (Previous Year :
 Rs.646.88 Lacs) repayable within 60 months including initial moratorium
 period of twelve months from the date of first disbursement in sixteen
 quarterly equal instalments. Repayable by April 2013.
 
 iii.HDFC Bank ECB Loan of Rs.3,561.60 Lacs (Previous Year : Rs. Nil)
 repayable within 66 months including initial moratorium period of
 twelve months from the date of first disbursement in eighteen quarterly
 instalments.
 
 Repayable by December 2016.  iv.Standard Chartered Bank ECB Loan of
 Rs.1,602.72 Lacs (Previous Year : Rs.892.00 Lacs) repayable within 60
 months including initial moratorium period of twelve months from the
 date of first disbursement in nine half yearly instalments. Repayable
 by March 2013.
 
 b) Vehicle Loans are Secured by way of hypothecation of respective
 motor vehicles purchased.
 
 i. Kotak Mahindra Prime Limited Vehicle Loan of Rs.35.74 Lacs (Previous
 Year : Rs.58.98 Lacs) repayable on monthly basis. Repayable by April
 2014.
 
 ii. Axis Bank Limited Vehicle Loan of Rs.7.11 Lacs (Previous Year : Rs.
 Nil) repayable on monthly basis. Repayable by July 2014.
 
 iii.Tata Motors Finance Limited Vehicle Loan of Rs.2.48 Lacs (Previous
 Year : Rs.4.51 Lacs) repayable on monthly basis. Repayable by April 2013.
 
 * There are no dues to Micro and small Enterprises as at 31st March,
 2012. This information as required to be disclosed under the Micro,
 Small and Medium Enterprises Development Act, 2006 has been determined
 to the extent such parties have been identified on the basis of
 information available with the company.
 
 a) Building Includes Rs.750/- being face value of 15 number of shares of
 Rs.50/- each held in Kant Apartment Co- Operative Housing Society
 Limited. Also includes Rs.127.11 Lacs (Previous Year : Rs.127.11 Lacs) for
 which the procedure for transfer of title in the name of the company is
 in process.
 
 b) Accumulated Depreciation up to 31st March 2012 includes impairment
 loss on Plant and Equipment Rs.96.20 Lacs (Previous Year : Rs.96.20 Lacs)
 
 * The Company is lessee under various operation leases under which
 rental expenses for the year was Rs.91.21 Lacs (Previous year : Rs.61.68
 Lacs). The Company has not executed any non cancelable lease agreement.
 
 1 CONTINGENT LIABILITIES AND COMMITMENTS NOT PROVIDED FOR   
 
                                                         (Rs. In Lacs)
 
                                               As At             As At
                                    31st March, 2012  31st March, 2011
 
 Contingent Liabilities
 
 Bank Guarantees                              155.18            109.96
 
 Letters of Credit for Purchases               38.00                 -
 
 Income tax matters under appeal              772.53             77.79
 
 Commitments
 
 Capital Contracts remaining to 
 be executed                                  840.82            808.57
 
 2 EMPLOYEE BENEFITS
 
 The disclosures required under Accounting Standard 15 (Revised)
 Employee Benefits notified in the Companies (Accounting Standards)
 Rules 2006 are given below:
 
 Defined Contribution Plan:
 
 Contribution to Defined Contribution Plan, recognized and charged off
 the year, is as under: Employer''s Contribution to Providend Fund Rs.
 53.70 Lacs
 
 Defined Benefit Plan:
 
 The Company has defined benefit plans for gratuity to eligible
 employees, contributions for which are made to Life Insurance
 Corporation of India, who invests the funds as per IRDA guidelines. The
 details of these defined benefit plans recognised in the financial
 statements are as under:
 
 General Description of the Plan:
 
 The Company operates a defined benefit plan (the Gratuity Plan)
 covering eligible employees, which provides a lump sum payment to
 vested employees at retirement, death, incapacitation or termination of
 employment, of an amount based on the respective employees salary and
 the tenure of employment.
 
 e) Investment details of plan assets :
 
 To fund the obligations under the gratuity plan, Contributions are made
 to Life Insurance Corporation of India, who invests the funds as per
 IRDA guidelines.
 
 Future Salary increases are based on long term average salary rise
 expected taking into account inflation, seniority, promotion and other
 relevant factors such as supply and demand factors in the employee
 market.  Future Separation & mortality rates are obtained from relevant
 data of Life Insurance Corporation of India.
 
 h) Contributions expected to be paid to the plan during the next
 financial year Rs.Nil (Previous Year : Nil)
 
 The Liability for Leave Encashment and compensated absences as at year
 end is Rs.53.82 Lacs (Previous Year: Rs.39.21 Lacs)
 
 Figures in the brackets are in respect of the previous year.
 
 3.  SEGMENT REPORTING
 
 The Company is engaged mainly in production of plastic products and as
 such is the only reportable segment as per Accounting Standard on
 Segment Reporting (AS - 17) issued by the Institute of Chartered
 Accountants of India. The geographical segmentation is not relevant as
 export turnover is not significant in respect of total turnover.
 
 4.  DERIVATIVE INSTRUMENTS
 
 The Company uses foreign currency forward contracts to hedge its risks
 associated with foreign currency fluctuations relating to certain firm
 commitments and forecasted transactions. The use of foreign currency
 forward contracts is governed by the Company''s strategy approved by the
 Board of Directors, which provide principles on the use of such forward
 contracts consistent with the Company''s Risk Management Policy. The
 Company does not use forward contracts for speculative purposes.
 
 Expenditure on account of premium on forward exchange contracts to be
 recognized in the profit and loss of subsequent accounting period
 aggregates to Rs.51.65 Lacs (Previous Year : Rs.29.37 Lacs).
 
 Foreign Currency Exposures not hedged by derivative instruments as at
 31 st March, 2012 on payable amounting US$ 399.45 Lacs & EURO 9.55 Lacs
 Equivalent Rs.20,972.25 Lacs (Previous Year : US$ 243.70 Lacs & EURO 6.49
 Lacs Equivalent Rs.11,280.67 Lacs) and on receivables amounting US$ 3.61
 Lacs Equivalent Rs.183.46 Lacs (Previous Year : US$ 5.86 Lacs Equivalent
 Rs.261.34 Lacs).
 
 Foreign Exchange Loss (Net) of Rs.2,236.87 Lacs (Previous Year : Exchange
 Gain (Net) of Rs.286.99 Lacs) for the year has been included in
 respective heads of Profit and Loss Account.
 
 36. Provision for current tax has been made in accounts under MAT.
 Since the company estimates that there will be no taxable profits under
 normal working of taxable income for the year, Deferred Tax Charges/
 Credits have not been recognized in view of the tax holiday enjoyed by
 a unit of the Company and on considerations of prudence as set out in
 AS 22 on Accounting for Taxes on Income.
 
 5. The Company prepares and presents its financial statements as per
 Schedule VI to the Companies Act, 1956, as applicable to it from time
 to time. In view of the revision to the Schedule VI as per a
 notification issued during the year by the Central Government, the
 financial statements for the financial year ended 31st March, 2012 have
 been prepared as per the requirements of the Revised Schedule VI to the
 Companies Act, 1956. The previous year figures have been accordingly
 regrouped /reclassified to confirm to the current year''s
 classification.