1 Bank of Maharashtra has sanctioned working capital facilities which
 are secured by hypothecation of stocks and book debts and by a charge
 by way of an equitable mortgage by deposit of title deeds over the
 following immovable properties of the Company :
 
 - Plot No 76, MIDC Industrial Estate,Satpur, Nasik.
 
 - Plot Nos C-13 and C-16, Wagle Industrial Estate, Thane.
 
 - Office blocks admeasuring 5640 sq.ft. at Block ''D'', Shivsagar
 Estate- Worli,Mumbai.
 
 2 In terms of the agreement with Kalpataru Ltd (KL) (formerly known as
 Kalpataru Homes Ltd ) for disposal of assets of the activities
 identified as non-core (referred to as non-core assets) the Company is
 yet to realise an amount of Rs 245.74 lakhs.The delay in the
 realisation is on account of the pendency of arbitration proceedings.
 As the realisation of this amount is underwritten by KL, the management
 is confident of full recovery of non-core dues in due course.
 
 3 Segment Reporting as per AS 17:
 
 The Company is engaged mainly in processing of plastic polymers and
 after considering the nature of raw materials,class of customers and
 the methods of sales & distribution of the products, the Board is of
 the considered view that the Company''s products are covered under a
 single reportable segment as per Accounting Standard on Segment
 Reporting ( AS 17 ) issued by ICAI.
 
 4 Related Party Disclosure as per AS 18:
 
 (i) List of Related Parties :
 
 (a) Enterprise where control exists Holding Company:
 
 - Bilcare Research GmbH
 
 - Bilcare Germany Management GmbH & Co. KG
 
 - Bilcare Germany Management GmbH
 
 - Films Germany Holding GmbH
 
 - Bilcare AG
 
 - Bilcare Mauritius Ltd
 
 - Bilcare Ltd
 
 (b) Related parties with whom the Company had transactions including
 Fellow subsidiaries
 
 - Bilcare Research GmbH
 
 - Bilcare Research S R L
 
 - Bilcare Research AG
 
 - Bilcare Ltd
 
 (c) Indian Promoters: Mr M.P. Munot Director and Mr S.K. Dalmia , their
 relatives and their associate companies .
 
 (ii) Relationship:
 
 (a) Bilcare Research GmbH, which is part of Bilcare group holds 51 % of
 the Share Capital of the Company,after 31st August,2010 and INEOS Films
 GmbH,which is part of Ineos group, held 51% of the Share Capital of the
 Company upto 31st August,2010.
 
 (b) Indian Promoters hold in aggregate over 18% of the Share Capital of
 the Company.
 
 5 As per the requirements of revised Schedule VI to the Companies
 Act,1956,the Company has re-classified its assets and liabilities into
 current and non-current based on the normal operating cycle. Previous
 year figures have been accordingly re-grouped and re-classified.