1.  Figures of previous period comprising of 6 months are not
 comparable with the figures of current year which is of 12 months.
 However, the same have been regrouped / recast / rearranged wherever
 necessary to conform to classification adopted for the current year.
 
 2.  (i) Contingent liabilities not provided for in the books of
 accounts:-
 
 Particulars                          As at           As at
                                     31.03.2011      31.03.2010
 
 a)  Tax Liabilities and interest 
 there of demanded by the              43,033          43,033
 Income Tax Department towards fringe 
 benefit tax not
 accepted and disputed.
 
 b) Outstanding Letter of Credit  2,46,78,090       80,53,150
 
 c) Guarantees given by Company''s 
    Banker                        1,70,62,829       73,76,762
 
 d) Bonds executed in favour of 
    excise authorities.              8,55,369       11,90,960
 
 e) In respect of Custom Duty 
    benefits availed on imports   2,81,08,682     2,41,73,542
    of capital goods under EPCG 
    Scheme against Export
    obligations.
 
 (ii) No provision for disputed income tax demands of Rs. 105.01 Lacs
 (P.Y. Rs.105.01 Lacs) has been made since the same are contested at
 appropriate forum and the company do not expect any liability. Payment
 of Rs.105.01 Lacs (P.Y. Rs.105.01 Lacs) against said disputed demands
 has been shown under the head Loans and Advances.
 
 (iii) Capital commitments:
 
 Estimated amounts of contracts remaining to be executed on capital
 account and not provided for (net of advances) Rs.2,18,69,640/- (P.Y.
 Rs.96,97,089/-)
 
 3.  Capital work-in-progress represents capital advances, fixed assets
 acquired but not put to use before the end of the financial year and
 expenses pertaining thereto.
 
 4.  Balance of debtors, Creditors, loans and advances and advance
 payments from customers are subject to confirmation/reconciliation and
 adjustments, if any.
 
 5.  Sales, Purchases, Stores and spares parts, Jobwork charges received
 and paid, are net of CENVAT, VAT, returns, discounts rate differences
 and rebates received and paid/allowed.
 
 6.  The Current Assets, loans and advances are stated at the value
 which in the opinion of Board of Directors are realisable in the
 ordinary course of business unless otherwise mentioned.
 
 7.  In the sanctioned Rehabilitation Scheme, the Board for Industrial
 and Financial Reconstruction (BIFR) had directed the Income Tax
 Authorities to consider granting relief under section 115JB and other
 reliefs under the said Act to the Company. The Company has in response
 submitted all the details sought by the Tax Authorities and the matter
 is pending for disposal before them. The Company has been opined by
 Expert that in view of no rejection of the reliefs by Tax Authorities
 which was directed by the BIFR, provision for taxation u/s.115JB of the
 said Act is not required to be made and accordingly no provision has
 been made.
 
 8.  Miscellaneous income includes Rs.54,05,789/- (P.Y.Rs.Nil) being
 waiver of interest on Sales Tax dues granted by the Sales Tax
 Department and Rs.60,32,440/- (P.Y.Rs.1,15,78,064/-) being waiver from
 unsecured creditors on settlement of dues in terms of sanctioned scheme
 of BIFR.
 
 9.  The Company has availed unsecured interest free sales tax deferral
 loan of Rs.12,27,35,340/- (P.Y.  Rs. 12,61,11,443/-) from the
 Government of Maharashtra in accordance with The 1988 Package Scheme Of
 incentives / The 1993 Package Scheme Of Incentives. In terms of
 sanctioned scheme by BIFR, the Sales Tax Authorities have rescheduled
 the repayment of the said loan. The Company is regularly paying the
 installments as rescheduled.
 
 10.  Fixed deposits with scheduled banks includes (i) Rs.135.94 lacs
 (P.Y. Rs. 180.52 lacs) lodged as margin money towards bank guarantees
 and letters of credit (ii) Rs.0.08 lacs (P.Y. Rs.0.08 lacs) lodged with
 sales tax department and (iii) Rs.12.15 lacs (P.Y. Rs. 11.69 lacs)
 lodged with bank/customers as margin/security deposit.
 
 11. In accordance with Accounting Standard 22 Accounting for Taxes on
 Income issued by the Institute of Chartered Accountants of India, the
 company has accounted for deferred tax during the year. The Company has
 significant amount of carried forward losses and unabsorbed
 depreciation under Income Tax Act. However, as a matter of prudence and
 absence of virtual certainty of sufficient future taxable income,
 deferred tax assets have been recognised only to the extent there is
 deferred tax liability.
 
 12. Segmental Reporting
 
 (a) Primary Segment Reporting (by business segment)
 
 (i) The company has identified Business Segment as the Primary Segment.
 Segments have been identified taking into account the nature of the
 products, differing risks and returns, organisational structure and
 internal reporting system.
 
 (ii) Composition of the business segment:
 
 Name of the Segment Comprises of:
 
 a) Printing All kind of Printing
 
 b) Packaging Flexible Packaging Material and Paper Beard Carton
 
 (iv) Segment Revenue, Segment Results, Segments Assets and Segment
 Liabilities includes the respective amounts identifiable to each of the
 Segments as also amounts allocated on a reasonable (estimated) basis,
 if any.
 
 (b) Secondary Segment Reporting (by Geographical demarcation) :
 
 i) The Secondary Segment is based on geographical market i.e. Domestic
 Market and Overseas Markets.
 
 iii) The Company has common fixed assets for producing goods/providing
 services to domestic as well as overseas markets. Hence, separate
 figures for fixed assets/ addition to fixed assets have not been
 furnished.
 
 13. Related parties with whom transactions have taken place and
 relationships :
 
 (a) Name of related party and nature of related party relationship (i)
 Key Management Personnel
 
 1.  Mr. R.V. Maheshwari - Chairman & Managing Director
 
 2.  Mr. R.R. Maheshwari - Executive Director
 
 3.  Mr. Prakash Maheshwari - Wholetime Director
 
 4.  Mr. Sanjay Maheshwari - Wholetime Director
 
 (ii) Relatives of Key Management Personnel
 
 1.  Mr. Navin Maheshwari }
 
 2.  Mr. Vikas Maheshwari } Relatives of Chairman & Managing Director
 
 3.  Mr. Rahul Maheshwari - Relative of Executive Director
 
 (iii) Associates
 
 1.  Orient Fincorp Ltd.
 
 2.  Orient Share & Stock Brokers Ltd.
 
 (iv) Enterprises owned/controlled by Key Management Personnel
 
 1.  Orient Printers
 
 2.  Fortune Couriers Ltd.
 
 3.  N.L. Packaging
 
 c) Provision for diminution in value of investment has been made in
 earlier years of Rs.72,00,000/- (P.Y.  Rs.72,00,000/-) in respect of
 investment made in the related parties.
 
 d) Related parties identified by the Management and relied upon by the
 Auditors.  18. Lease on and after 1st April,2001
 
 Assets taken/given on Operating Leases
 
 The Company has taken/given various premises under cancellable
 operating leases. These lease arrangements are normally renewable on
 expiry. The rental expenses (net of recovery) in respect of premises
 taken on operating leases was Rs.29,96,255/- (P.Y. Rs.10,31,518/-) and
 rental income in respect of premises given on operating leases was
 Rs.38,38,835/- (P.Y. Rs.26,40,540/-).
 
 14.  Expenses pertaining to previous year debited to Profit & Loss
 Account is Rs.9,97,143/- (P.Y. Rs.6,29,689/-).
 
 15.  Additional information required pursuant to the provisions of part
 II of schedule VI to the Companies Act,1956, as certified by the
 management of the Company:-
 
 A.  PARTICULARS OF GOODS MANUFACTURED !
 
 I.  PRINTING ACTIVITIES
 
 a) Class of Goods Manufactured : Printed products of all kinds
 including annual reports, capital issue documentation,
 books.periodicals, catalogues, publicity materials, continuous
 stationery including Cheques, Divided / Debenture Warrants, Scratch and
 other Cards etc.
 
 b) The nature of printing division''s operation is such that there is no
 known physical measures or standard classification for its saleable
 product and jobwork done because each product has different type.
 Consequently quantitative information regarding production, turnover
 and opening and closing stocks of finished goods has not been given.
 
 c) i) The Government has specified registered annual production
 capacity of 362.88 million (362.88 million) standard impressions for
 offset printing and 515.36 million (515.36 million) impressions for
 continuous stationery.
 
 ii) The installed capacity is 362.88 million (362.88 million) standard
 impressions for offset printing and 515.36 million (515.36 million)
 impressions for continuous stationery.
 
 16. Figures have been rounded off to the nearest rupee and those in
 brackets represent corresponding figures for the previous year.