To,The Members of Control Print Limited
 
 1. CORPORATE OVERVIEW:
 
 The Company is India''s Leading player in coding and marking solutions
 business having its corporate headquarters in Mumbai.
 
 Your Company prepares its financial statements in compliance with the
 requirements of the Companies Act, 1956 and the Generally Accepted
 Accounting Principles (GAAP) in India. Overall the financial statements
 have been prepared on historical cost basis. The estimates and
 judgments relating to the financial statements are made on a prudent
 and reasonable basis, so as to reflect in a true and fair manner the
 form and substance of transactions and reasonably present your
 Company''s state of affairs, profit and cash flows for the year ended
 March 31,2012.
 
 2. FINANCIAL RESULTS:
 
 The Directors have pleasure in presenting the Twenty-first Annual Report
 of your Company along with the Audited Statement of Accounts for the
 year ended 31 st March, 2012.
 
                                                         (Rs.In lacs)
 
                                        Current Year     Previous Year
 
                                          2011 -2012         2010-2011
 
 Sales & Service Income                      6654.35           5797.20
 
 Otherlncome including 
 Exceptional Income                           410.34            493.16
 
 Total Inoome                                7064.69           6290.36
 
 Profit before Depreciation & Tax            1190.66            866.86
 
 Less: Depreciation                            88.99             99.28
 
 Net Profit before Taxation                  1101.67            767.58
 
 Less: Provision for Taxation                 170.00            155.00
 
 Deferred Tax (Assets)/Liability               90.73             24.84
 
 Net Profit                                   840.94            587.74
 
 Earlier years adjustment                      15.73              7.12
 
 Balance brought forward                     1797.65           1259.91
 
 Balance available for appropriation         2638.59           1847.65
 
 Proposed Dividend                            173.46              - 
 
 Tax on Dividend                               28.14              -
 
 Transferred to General Reserve                90.00             50.00
 
 Balance carried to Balance Sheet            2346.99           1797.65
 
 3. FINANCEANDACCOUNTS:
 
 The observations made by the Auditors in their Report have been
 clarified in the relevant notes forming part of the Accounts, which are
 self-explanatory. The Schedule VI of the Companies Act, 1956 has been
 revised by the Ministry of Corporate Affairs vide its notification
 dated February 28, 2011. The notification is in force and is applicable
 for all Balance Sheets and Statement of Profit and Loss to be prepared
 for the financial year commencing on or after April 1, 2011. Therefore,
 the previous period figures have been regrouped/recast wherever
 necessary.
 
 4. DIVIDEND:
 
 Your directors have recommended the payment of final dividend of Rs.2/-
 (Rupees Two Only) per Equity Shares of the face value of Rs.10/- each for
 the Financial Year ended 31st March, 2012.
 
 5. CONSOLIDATED ACCOUNTS:
 
 In accordance with the requirements of Accounting Standard (AS) 21
 prescribed by The Institute of Chartered Accountants of India, the
 Consolidated Accounts of the Company and its Subsidiary is annexed to
 this Report.
 
 6. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
 
 Management Discussion and Analysis Report for the year under review, as
 stipulated under Clause 49 of the Listing Agreement with the Stock
 Exchange, is presented in a separate section forming partite Annual
 Report.
 
 Your Company continues to closely track the developments in the
 packaging industry and particularly in Coding and Marking segment in
 order to optimize its business model to cope with the threats and
 promises these developments hold.
 
 7. DIRECTORS:
 
 During the year, no director has been appointed or resigned from the
 Board of Directors of the Company.
 
 Mr. Rakesh Shivbhagwan Agrawal retires from the Board by rotation and
 is eligible for re- appointment at the forthcoming Annual General
 Meeting. The Notice convening the Annual General Meeting includes the
 proposals for re-appointment of Directors.
 
 8. TRANSFER TO INVESTOR EDUCATION & PROTECTION FUND:
 
 The Company sends letters to all shareholders whose dividends are
 unclaimed so as to ensure that they receive their rightful dues.
 Efforts are also made in co-ordination with the Registrar to locate the
 shareholders who have not claimed their dues.
 
 During the year, the Company has transferred a sum of 76,79,351.34 to
 Investor Education & Protection Fund, the amount which was due &
 payable and remained unclaimed and unpaid for a period of seven years,
 as provided in Section 205C(2) of the Companies Act, 1956. Despite the
 reminder letters sent to each shareholder, this amount remained
 unclaimed and hence was transferred.
 
 9. AUDITORS:
 
 M/s. Dosi & Jain, Chartered Accountants, the Statutory Auditors of the
 Company hold office until the ensuing Annual General Meeting and being
 eligible, offer themselves for re-appointment. The Board recommends
 their re-appointment.
 
 M/s. Dosi & Jain, pursuant to Section 224(1 B) of the Companies Act,
 1956 have furnished the certificate of their eligibility for
 re-appointment.
 
 10. SHARE CAPITAL:
 
 During the year, Company had not issued any shares to the shareholders
 of the Company or to the general public. Hence, your Company''s paid up
 Equity Share Capital remain same of Rs.8,67,32,480 comprising of 86,73,248
 equity shares of Rs. 10/- each but at the same time, the Company has
 issued 4,00,000 Warrants convertible into Equity Shares of Rs. 10/- each
 at a premium of X 27.Ml- per Share as per the SEBI Guidelines to the
 Promoters of the Company on preferential basis for which Company has
 received in-principle approval from Bombay Stock Exchange (BSE).
 
 11. INVESTMENT IN SUBSIDIARY COMPANY:
 
 During the year, your Company has acquired Liberty Chemicals Private
 Limited as its wholly owned subsidiary. The acquisition would enhance
 shareholders value since Liberty Chemicals Private Limited owns a plot
 of land as a valuable asset. Control Print Limited intends to explore
 diversification in real estate business in future post feasibility study
 on its plans.
 
 Additionally the Company has invested Rs. 3,70,00,000/- in its subsidiary
 company by way of subscribing to the right issue of 18,50,000 Equity
 Shares of Rs. 10/- each (at premium of Rs. 10/-each).  Besides, Mr. Basant
 Kabra and Mr. Shiva Kabra as Executive Directors of the Company,
 Liberty Chemicals Private Limited has Mr. Vishwas Varde and Mrs.
 Sharmista Patel as Independent Directors on its the Board.
 
 12. FIXED DEPOSIT:
 
 The Company has neither invited nor accepted any deposits from public
 during the year under review under the Companies (Acceptance of
 Deposit) Rules, 1975 read with Section 58Aof the Companies Act, 1956.
 
 13. PARTICULARS OF EMPLOYEES:
 
 None of the employees were in receipt of Remuneration exceeding the
 limits prescribed pursuant to Section 217 (2A) of the Companies Act,
 1956, read with Companies (Particulars of Employees) Rules, 1975 during
 The year ended March 31,2012.
 
 14. PARTICULARS OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EARNINGS AND
 OUTGO:
 
 In accordance with the requirements of Section 217(1 )(e) of the
 Companies Act, 1956 read with Companies (Disclosure of Particulars in
 the Report of Board of Directors) Rules, 1988, statement showing
 particulars with respect to Conservation of Energy, Technology
 Absorption, Foreign Exchange Earning and Outgo is annexed hereto as
 ''Annexure - A'' and form part of this Report.
 
 15. DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors
 hereby confirm that:
 
 a) In the preparation of annual accounts, the applicable accounting
 standards have been followed along with the proper explanation relating
 to material departures;
 
 b) Appropriate accounting policies have been selected and applied
 consistently, and judgments and estimates are made that are reasonable
 and prudent so as to give true and fair view of the state of affairs of
 the Company as at 31 st March, 2012 and of the profits of the Company
 for the year ended 31st March, 2012;
 
 c) Proper and sufficient care has been taken for the maintenance of
 adequate accounting records in accordance with the provisions of the
 Companies Act, 1956 for safeguarding the assets of the Company and for
 preventing and detecting frauds and other irregularities;
 
 d) The accounts for the financial year ended 31st March 2012 have been
 prepared on a going concern basis.
 
 16. CORPORATE GOVERNANCE:
 
 As required pursuant to Clause 49 of the Stock Exchanges Listing
 Agreement, a separate section containing Corporate Governance and
 Management Discussion and Analysis Reports, as approved by the Board of
 Directors, together with the Certificate from the Auditors of the
 Company confirming the compliance with the requirements of Corporate
 Governance policies is set out in the ''Annexure - B'' forming part
 Of this Annual Report.
 
 17. ENVIRONMENT AND SAFETY:
 
 Your Company is conscious of the importance of environmentally clean
 and safe operations. Your Company''s policy requires the conduct of all
 operations in such manner so as to ensure safety of all concerned,
 compliance of statutory and industrial requirements for environment
 protection and conservation of natural resources to the extent
 possible.
 
 18. APPRECIATION:
 
 Your Directors wish to place on record their appreciation for the
 contribution made by employees at all levels. Your Directors also wish
 to thank its esteemed corporate clients, dealers, agents, suppliers,
 technology partners, investors, Government Authorities and bankers for
 their continued support and faith reposed in the Company.
 
                            For and on behalf of the Board of Directors
 
                                                              B.S.Kabra
 
                                                               Chairman
 
 Mumbai, 27th June, 2012