01.  Comparative figures for the previous year have been regrouped,
 recast and re-arranged wherever necessary, so as to make them
 comparable with the current year''s figures.
 
 02.  Debtors, Creditors and Advances are subject to confirmation.
 
 03.  Loans and Advances include:
 
 i) Dues from subsidiary company Hanung (Shanghai) Ltd. is Rs. 98.80
 Lacs (Previous year Rs. 71.18).  The maximum amount due from the
 company during the year was Rs. 98.80 Lacs(Previous year Rs. 71.18)
 
 ii) Due from companies under the same management or companies in which
 any of the directors are interested is Praneet Softech Pvt Ltd Rs. Nil
 
 (Previous Year Rs. 1.40 Lacs). The maximum amount due from the company
 during the year was Rs. Nil (Previous Year Rs. 121.17 Lacs) and Hanung
 Infra & Power Ltd. Rs. 51.56 Lacs (Previous Year Rs. Nil ). The maximum
 amount due from the company during the year was Rs. 104.06 Lacs
 (Previous Year Rs. Nil ).
 
 04.  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.
 
 05.  Based on the information / documents available with the Company,
 Sundry Creditors include total outstanding dues to Small Scale
 Industrial undertakings Rs. 21.63 Lacs (Previous Year Rs. 98.71 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., Malwa Leather Components Pvt. Ltd., Palak
 Tapes Pvt. Ltd., Lace India Co, D.M. Enterprises, Praveen Print O Pack
 Pvt. Ltd., Sushila Textiles.
 
 06.  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).
 
 07.  Establishment Overheads include payments and provisions of
 remuneration to whole-time directors of Rs 248.44 Lacs (previous year
 Rs. 198.75 Lacs) and directors'' sitting fee of Rs. 2.95 Lacs (previous
 year Rs.  3.65 Lacs).
 
 08. Contingent Liabilities
 
                                  2010–2011       2009–2010
 
 Bank Guarantees                    2308.46            1.12
 
 Letters Of Credit                  5665.00         6371.75
 
 Bills Discounted                   1726.48         4764.00
 
 Capital Commitment                 1006.21          437.64
 
 09.  Related Party Transactions
 
 As per AS—18, the Company''s related parties and transactions with them
 are disclosed below
 
 A.  Related Parties
 
 (a) Subsidiary Company 1.  Hanung (Shanghai) Ltd.
 
 2.  Cody Direct Corp.
 
 (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 cum
 Managing Director)
 
 2.  Mrs. Anju Bansal (Wholetime Director)
 
 3.  Mr. Arvind Kumar Gupta (Company Seretary)
 
 4.  Mr. Sandeep Agrawal (CFO)
 
 5.  Mr. Vijay Grover
 
 6.  Mr. Sunil Duggal
 
 7.  Mr. Rajat Saran Lal
 
 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.  There are no amounts due and outstanding to be credited to
 Investor Education and Protection Fund as at 31st March 2011.
 
 12.  Schedules A to P form an integral part of the Balance Sheet
 and Profit and Loss Account and have been duly authenti- cated.