1. As the Company''s business activity primarily falls within a single
 business and geographical segment, thus there are no additional
 disclosures to be provided under Accounting Standard 17 - Segment
 Reporting''. The management considers that the various goods and
 services provided by the company constitutes single business segment,
 since the risk and rewards from these services are not different from one
 another.
 
 2.  Related Party Disclosure (As certified by Management)
 
 Holding Company                 Jubilant Enpro Pvt. Ltd.
 
 Name of the Subsidiary          Jubilant Food Works Lanka (Pvt)
                                 Limited
 
 Key Management Personnel        Mr. S.S.Bhartia, Mr. H.S.Bhartia,
                                 Mr. Ajay Kaul
 
 Enterprises owned or 
 significantly influenced by
 key management personnel or 
 their relatives                 Jubilant Life Sciences Limited,
 
 (With whom transactions have 
 occurred during the year)       HT Media Limited,
 
                                 Tower Promoters Pvt Limited
 
 * During the current year Key Management person were allotted 300,000
 shares, 25,000 shares and 5,000 shares (Previous year 50,000 equity
 shares of Rs10 each at a premium of Rs25 per Share) of Rs10 each ata
 premium of Rs25, Rs41 and Rs63pershare respectively as per the ESOP of the
 company.
 
 
 Notes:
 
 1.  No amount has been provided as doubtful debts or advances /written
 off or written back in the year in respect of debts due from/to above
 related parties.
 
 2.  No Stock option (Previous Year50,000 Shares at exercise price of
 Rs73 per share) was granted to the Key Managerial Personnel during the
 current year.
 
 3.  As at the end of year Stock option pending vesting/exercise,
 granted to the Key Managerial Personnel are 150,000 Shares,75,000
 Shares and 45,000 Shares at exercise price of Rs35, Rs51 and Rs73 per
 share respectively (Previous year 350,000 Shares ,100,000 Shares and
 50,000 Shares at exercise price of Rs35, Rs51 and Rs73 per share
 respectively).
 
 4.  Assets taken under Operating Leases
 
 The stores and office premises are obtained on operating leases. The
 lease term is generally for 1 -21 years and the same are generally
 renewable at the option of the lessee. The lease agreements have an
 escalation clause. There are no subleases and the leases are generally
 cancelable in nature. The aggregate lease rentals are charged as rent
 under Schedule 11.
 
 6. The Company follows Accounting Standard (AS-22) Accounting for
 taxes on Income, issued by the Institute of Chartered Accountants of
 India. The company has timing difference between accounting and tax
 records which suggest accounting for Deferred Tax Asset details of
 which are as follows :-
 
 Till previous year significant timing differences between accounting
 and tax records were on account of accumulated losses and unabsorbed
 depreciation, which suggested accounting for deferred tax asset. Since
 there was no convincing evidence which demonstrated virtual certainty
 of realisation of such deferred tax asset, the Company had prudently
 decided not to recognise any deferred tax asset in the previous year.
 
 In the current year considering the performance of the Company,
 management is reasonably certain that it will generate taxable profits
 to set-off timing difference resulting into deferred tax asset
 
 3. Estimated amount of Contracts remaining to be executed on Capital
 Account and not provided for Rs185.30 Lacs (Net of advances) (Previous
 year Rs229.64 Lacs).
 
 4.  Contingent Liabilities not provided for
 
                                                       (Rs in Lacs)
  
 Particulars                             Current          Previous
                                            Year              Year
 
 a) Bank Guarantee executed in 
 favour of Excise and Sales Tax 
 Authorities                               6.20             6.20
 
 b) Appeals filed by Sales Tax
 Department for various orders 
 issued by the Appellate Assistant 
 Commissioner (CT) in favour
 of the Company.                         114.80          114.80
 
 The Sales Tax Appellate Tribunal 
 has passed order in favour of the
 Company for the year 2001 -02. 
 The Company is confident of receiving
 similar orders for other appeals for 
 remaining assessment years. Hence,
 no provision is considered necessary
 against the same.
 
 c) Tax demand for Excise Duty 
 contested by the Company where the
 company is confident that the 
 ultimate decision will
 be in favour of the Company.              2.51           2.51
 
 d) Income Tax
 
 The Income Tax Department has filed 
 an appeal against the orders passed
 by CIT(A) which were favourable to 
 the Company.                            104.16             -
 
 Company has filed an appeal against
 order passed by AO for Assessment 
 Year.                                   309.80          69.37
 
 Based on the legal opinions taken 
 and inconsistencies in various
 Assessment Orders of AO coupled with 
 the fact that the company has
 already won the appeals made to CIT(A), 
 it is expected that there will
 not be any outflow of economic resources 
 embodying economic benefits.
 Hence, no provision is 
 considered necessary against the same
 
 The Company has opted for intrinsic value method for valuation of
 Employee Stock option Plans. Since the shares were not quoted on any
 stock exchange prior to grant of options by the Company, hence the fair
 value of its shares was determined on the basis of a valuation
 performed by a Category I Merchant Banker.
 
 Further, the Fair Market Value of shares was less than the Exercise
 Price at the time of grant of options, therefore no disclosure (apart
 from above) and accounting is required to be done consequent to grant
 of options.
 
 5.  Gratuity and other post-employment benefit plans
 
 The Company has a defined benefit gratuity scheme.  Every employee who
 has completed five years or more of service gets a gratuity on
 departure at 15 days salary (last drawn salary) for each completed year
 of service. The scheme is unfunded.
 
 The following tables summarise the components of net benefit expense
 recognised in the Profit & Loss Account and amounts recognised in the
 Balance Sheet for the respective schemes.
 
 6.  Details of dues to Micro and Small Enterprise
 
 The Company, has during the year, not received any intimation from any
 of its suppliers regaRiding their status under the said Act. Based on
 the above facts, management has decided that none of them are
 registered under the said Act and hence disclosures, if any, relating
 to amounts unpaid as at the year end along with interest paid/payable
 have not been given.
 
 7.  Supplementary Information Pursuant to Schedule VI of the Companies
 Act, 1956
 
 Note: As the future liability for gratuity and leave encashment is
 provided on an actuarial basis for the Company as a whole, the amount
 pertaining to the Director is not included above.
 
 *ln view of large number of items it is not practicable to furnish
 quantitative information in respect of other items of raw material.
 However, none of the individual items are greaterthan 10% of total
 consumption.
 
 8.  The Company is in the business of operating and running fast food
 outlets, whereby it deals in various categories / sizes of different
 food items. In view of the large variety of products manufactured, and
 the production process involves significant manual intervention, hence
 it is not practicable to furnish the information pertaining to
 Installed capacity.
 
 9.  Advertisement & Publicity Expenses are net of amount received from
 business associates Rs927.50 Lacs (Previous Year Rs555.56 Lacs).
 
 10.  In the current year the Company has incorporated a Wholly Owned
 Subsidiary in Sri Lanka, Jubilant Food Works Lanka (Private) Limited
 and has invested an amount of Rs115.27 Lacs in the share capital of the
 company.
 
 11.  Previous Year figures have been re-grouped / re-arranged wherever
 considered necessary.