1.  Figures of the previous year have been regrouped and rearranged,
 wherever considered necessary.
 
 2.  Contingent Liabilities :
 
 a) Unredeemed Bank Guarantees are Rs.18.65 Lacs (P.Y.Rs.15.95 Lacs)
 
 b) Claims against the company not acknowledged as debts
 
 - Claims Rs. 503.35 lacs (P. Y. 503.35 Lacs)
 
 - Income Tax Liability Rs. 32.01 Lacs (P.Y. 3.51 Lacs)
 
 3.  Estimated amount of contracts remaining to be executed (net of
 advances) is Rs. NIL (P.Y. 347.28 Lacs)
 
 4.  The balance confirmations in respect of debtors, creditors,
 advances, loans and deposits as at 31st March 2011 have been called for
 and are subject to confirmation & reconciliation as the necessary
 communication in this respect is not received from them. The management
 has scrutinized the accounts and the balances appearing in the Balance
 Sheet are correct.
 
 5.  In the opinion of the management, no item of current assets, loans
 and advances has a value on realisation in the ordinary course of
 business, which is less than the amount of value at which it is stated
 in the Balance Sheet, unless otherwise specified.
 
 6.  Dividend income is accounted on receipt basis.
 
 7.  The company has not received any intimation from suppliers
 regarding their status under the Micro, Small and Medium Enterprises
 Development Act, 2006 and hence disclosures regarding :
 
 a) Amount due and outstanding to suppliers as at the end of accounting
 year.
 
 b) Interest paid during the year.
 
 c) Interest payable at the end of the accounting year.
 
 d) Interest accrued and unpaid at the end of the accounting year, have
 not been given.
 
 The Company is making efforts to get the confirmations from the
 suppliers as regards their status under the Act.
 
 8. Related Party Disclosures
 
 a) List of Related Parties and Relationship
 
 Relationship
 
 1.  Pixel Packaging Limited Associate Company
 
 2.  Premco Industries Associate Firm
 
 b) Key Management Personnel
 
 1.  Ashok B. Harjani Chairman & Managing Director
 
 2.  Lokesh P. Harjani Director
 
 c) Relatives of Key Management Personnel
 
 Mrs. Nisha P. Harjani Relative
 
 Mrs. Sonia A. Harjani Relative
 
 9.  Figures of Previous are regrouped and reclassified wherever
 necessary.