Hanung Toys and Textiles

1.  Comparative figures for the previous year have been regrouped,
 recast and re-arranged wherever necessary, so as to make them
 comparable with the current years figures.
 
 2.  Debtors, Creditors and Advances are subject to confirmation.
 
 3.  Loans and Advances include: Dues from companies under the same
 management or companies in which any of the directors are interested is
 Praneet Softech Pvt Ltd Rs. 58.67 Lacs (Previous Year Rs. 62.08 Lacs).
 The maximum amount due from the company during the year was Rs. 61.69
 Lacs (Previous Year Rs. 67.65 Lacs).
 
 4.  In the opinion of Board of Directors, the Current Assets, Loans and
 Advances have value on realization in ordinary course of business, at
 least equal to the amount at which they are stated except as expressly
 stated otherwise.
 
 5.  Based on the information / documents available with the Company,
 Sundry Creditors include total outstanding dues to
 
 Small Scale Industrial undertakings Rs. 168.30 Lacs (Previous Year Rs.
 146.28 Lacs) of which
 
 a.  Amount overdue on account of principal and / or interest is : NIL
 
 b.  Name of the Parties to whom the company owes any sum outstanding
 for more than thirty days but not overdue as per the information
 available with the company are :
 
 Chaudhary Lables Pvt. Ltd., J J Foams Pvt Ltd, Malwa Leather Components
 Pvt. Ltd., NEPZ Pack Industries Pvt Ltd, New Sonex Stationery Mart,
 Praveen Print-O-Pack Pvt Ltd, Printografik, Technotek Industries, Ginni
 Spectra Pvt. Ltd., Palak Tapes Pvt. Ltd., Lace India Co, D.M.
 Enterprises, Sun Glow manufacturing Pvt Ltd, Sushila Textiles.
 
 6.  .The Accounting Standard (AS-22) for accounting of deferred income
 tax has become applicable on the company w.e.f.  01.04.2002.
 Accordingly, provision for deferred tax liability has been made in
 accordance with the Accounting Standard (AS- 22).
 
 7.  Establishment Overheads include payments and provisions of
 remuneration to whole-time directors of Rs 125.40 Lacs (previous year
 Rs. 83.00 Lacs) and directors sitting fee of Rs. 1.12 Lacs (previous
 year Rs. 1.30 Lacs).
 
 8.  Contingent Liabilities
 
 Bank Guarantees                  1.12      54.32
 
 Letters Of Credit             2270.03    2451.42
 
 Bills Discounted               781.55     945.30
 
 -  Capital Commitment           74.88     673.90
 
 9.  Related Party Transactions
 
 As per AS-18, the Companys related parties and transactions with them
 are disclosed below A.  Related Parlies
 
 (a) List of Companies where control exists Nil
 
 (b) Associate Companies
 
 1.  Hanung Furnishings Private Limited
 
 2.  Hanung Processors Private Limited
 
 3.  Parneet Softech Private Limited
 
 4.  C K Software Private Limited
 
 5.  Abhinav International Private Limited
 
 6.  Hanung Retail Limited
 
 7.  Hanung Infra & Power Limited
 
 8.  Glofin Investment & Finance Co. Private Limited
 
 (c) Key Management Personnel
 
 1.  Mr. Ashok Kumar Bansal (Chairman & Managing Director)
 
 2.  Mrs. Anju Bansal (Director)
 
 3.  Col. Ashok Malhotra
 
 4.  Mr. Arvind Kumar Gupta
 
 5.  Mr. Suhil Vij
 
 6.  Mr. I.K.Singhal
 
 7.  Mr. Vijay Grover
 
 8.  Mr. Sunil Duggal
 
 10.  Take Over of Business under Slump Sale Agreement
 
 Some of the immoveable properties acquired by the company under the
 agreement of slump sale are being registered in the name of the
 company.
 
 11.  Weaving division at Roorkee unit of the company started its
 commercial production during the year and the same were capitalized
 accordingly.
 
 12.  There are no amounts due and outstanding to be credited to
 Investor Education and Protection Fund as at 31 st March 2009.