Rs. Lacs
 
                                                  As on           As on 
                                        31st March 2011 31st March 2010
 
 1.  Contingent Liabilities not 
 provided for in respect of:
 
 a) Counter guarantees given for 
 subsidiary companies                         69,251.05      13,492.41
 
 b) Disputed Income Tax matters in appeal        165.39         694.94
 
 c) Estimated amount of contracts 
 remaining to be executed on                     823.00         459.00 
 capital account not provided for 
 (Net of Advances)
 
 6.  The Term loan facilities sanctioned by the Banks and Institutions
 are secured by first charge on immovable and movable properties and
 second charge on current assets, both present and future under the
 Security Trustee Arrangement.
 
 The working capital facilities sanctioned by the banks and Institutions
 are secured by first charge on current assets and second charge on
 immovable and movable properties, both present and future, under the
 Security Trustee Arrangement.
 
 7.  In absence of any intimation received from vendors regarding the
 status of their registration under Micro, Small and Medium Enterprises
 Development Act 2006 the Company is unable to comply with the
 disclosure required to be made under the said Act.
 
 9.  a) The Company has issued Foreign Currency Convertible Bonds (FCCB)
 on 27th December 2005 amounting to USD 50 million.
 
 Out of the outstanding Bonds of USD 11.83 million as on 1st April,
 2010, during the year, 906 Bonds amounting to USD 9.06 million were
 converted in fully paid-up equity shares and 277 Bonds amounting to USD
 2.77 million were redeemed at a redemption value of Rs. 145.735,
 resulting in the outstanding at the end of the year to NIL.
 
 b) During the year, the Company has allotted 857,341 Equity Shares of
 Rs.10/- each @ Rs. 483.28 (including share premium of Rs. 473.28) on
 conversion of the above 906 Foreign Currency Convertible Bonds.
 
 Consequently, the paid-up equity share capital of the Company stands
 increased to Rs. 2,354.52 Lacs.
 
 c) Expenses for FCCBs conversion and redemption premium aggregating to
 Rs.696.84 Lacs are debited to Securities Premium Account.
 
 10.  As required by Accounting Standard – AS 18 Related Party
 Disclosures issued by The Institute of Chartered Accountants of India,
 the disclosures are as follows:
 
 a) Subsidiary Companies
 
 i) Bilcare Singapore Pte Ltd.
 
 ii) Bilcare GmbH
 
 iii) Bilcare Inc
 
 iv) Bilcare Farmacseutica Embalagem E Pesquisas Ltda
 
 v) Bilcare (UK) Ltd
 
 vi) Bilcare GCS (Europe) Ltd
 
 vii) Bilcare SA
 
 viii) Bilcare Technologies Singapore Pte. Ltd.
 
 ix) Bilcare Technologies Italia Srl.
 
 x) Bilcare Mauritius Ltd.
 
 xi) Bilcare Research AG
 
 xii) Bilcare Germany Management GmbH
 
 xiii) Bilcare Germany GmbH & Co.KG
 
 xiv) Films Germany Holding GmbH
 
 xv) Bilcare Agency GmbH
 
 xvi) Bilcare Research Srl
 
 xvii) Bilcare Fucine Srl
 
 xviii) Bilcare Research Inc
 
 xix) Bilcare Research GmbH
 
 xx) Bilcare Staufen GmbH
 
 xxi) Caprihans India Limited
 
 b) 50% Joint Venture in International Labs LLC.
 
 c) Key Management Personnel
 
 i) Mr. Mohan H. Bhandari (Managing Director)
 
 ii) Dr. Praful R. Naik (Executive Director)
 
 iii) Mr. Chandra Prakash Jaggi (Director)
 
 11. The Company is engaged in packaging research solutions which as per
 Accounting Standard – AS 17 is considered the only reportable business
 segment by the Management in the light of the dominant source and
 nature of risks and returns, location of its production facilities and
 assets of the group and relied upon by the Auditors. As per AS 17 all
 reportable information as regards segment revenue, segment results,
 carrying amount of segment assets, segment liabilities, total cost of
 acquisition of segment assets and depreciation are fairly disclosed in
 the financial statements.
 
 12. a) The Ministry of Corporate Affairs, Government of India vide
 General Circular No. 2/2011 dated 8th Feb 2011 has granted a general
 exemption under Section 211 of the Companies Act, 1956 from disclosure
 of quantitative details in the Profit & Loss Account under paras
 3(i)(a) and 3(ii)(a) of Part II, Schedule VI to the Companies Act,
 1956.
 
 b) The Ministry of Corporate Affairs, Government of India vide General
 Circular No. 2/2011 dated 8th Feb 2011 has granted a general exemption
 from compliance with section 212 of the Companies Act, 1956. Necessary
 information relating to the subsidiaries has been included in the
 Consolidated Financial Statements.
 
 15.  Financial Instruments
 
 a) Financial contracts entered into by the company and outstanding as
 on 31st March 2011 –
 
 i) For hedging Currency and Interest Rate Related Risks: NIL (Previous
 Year NIL).  
 
 ii) For hedging commodity related risks: NIL.
 
 b) Foreign currency exposure (Net) that are not hedged by forward
 contract as on 31st March 2011 amount to Rs.17,560.08 Lacs. (Previous
 Year Rs.12,250.82 Lacs)
 
 16.  Balance in Non Scheduled Bank includes balance with Rajgurunagar
 Sahakari Bank Ltd. Maximum Balance during the year Rs.22.55 Lacs
 (Previous Year Rs.21.52 Lacs).
 
 17.  Leases
 
 The Company''s leasing arrangements are mainly in respect of residential
 / office premises and plant & machinery. The aggregate lease rentals
 payable are charged as Rent under Overheads under Schedule 16 except
 otherwise treated.
 
 Lease rental accrued based on the terms of contract are credited to
 Profit and Loss Account and included in Other Income under Schedule
 12.
 
 18.  Foreign currency transactions on revenue accounts
 
 a) Transactions denominated in foreign currencies are recorded at the
 exchange rate prevailing at the time of the transaction.
 
 b) Monetary items denominated in foreign currencies at the year end and
 not covered by forward exchange contracts are translated at year end
 rates and those covered by forward exchange contracts are translated at
 the rate of forward exchange contract.
 
 c) The company had exercised the option given in the Notification dated
 31st March 2009 issued by the Central Government to amend the AS-11
 The Effects of Changes in Foreign Exchange Rates… in the F. Y.
 2008-09. The amount of unrealized exchange fluctuation on long term
 monetary items under the said option was parked under the Foreign
 Currency Monetary Items Translation Difference Account (FCMITDA). The
 balance outstanding to the debit of FCMITDA Rs.541.22 Lacs is being
 amortised in the current year and now stands at NIL. Effect of
 exercising this option is understatement of Profit for the year to the
 extent of Rs.541.22 Lacs.
 
 d) The loss or gain due to fluctuation of exchange rate on revenue
 items is charged to Profit and Loss Account other than on the long term
 funds utilized for acquisition of fixed assets in India.
 
 20.  Sundry Creditors etc. include Acceptances of Rs.2,944.90 Lacs
 (Previous Year Rs.2,172.90 Lacs).
 
 21.  Trial run income and expenses are directly capitalized to the
 respective assets.
 
 22.  Figures for the previous year have been regrouped / reclassified
 wherever necessary to confirm with the current years classification.
 
 23.  There are no amounts due and outstanding to be credited to
 Investor''s Education and Protection Fund.
 
 24.  All figures are in Rupees Lacs, rounded off to two decimal places.