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Rainbow Papers
BSE: 523523|NSE: RAINBOWPAP|ISIN: INE028D01025|SECTOR: Paper
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« Mar 12
Notes to Accounts Year End : Mar '13
1 1.  CORPORATE INFORMATION:
 
 The company is engaged in manufacturing and marketing of paper. It uses
 various qualities of waste papers as its raw material for manufacturing
 finished paper. The company offers wide range of paper including
 Writing & printing paper, Newsprint paper, Duplex Board,Coated Paper,
 Colour Paper and Board, Crepe paper, Poster paper, Cast coated paper
 &fluroscent paper.
 
 During the financial year 2011 -12 the company has acquired 100%equity
 shares in two companies viz. Rainbow Papers JLT(Dubai) and
 RainbowlnfrabuildPvt Ltd.
 
 1.2 BASIS OF PREPARATION OF FINANCIAL STATEMENT:
 
 The Financial Statements are prepared as per historical cost convention
 and in accordance with the Generally Accepted Accounting Principles
 (GAAP) in India, the provisions of the Companies Act 1956, and the
 applicable Accounting Standards notified under the Companies(Accounting
 Standards) Rules,2006. All Incomes and Expenditures having material
 bearing on the Financial Statements are recognized on accrual basis.
 
 2) BalancesofUnsecuredLoans,Creditors, Debtors, Loans & Advances and
 other parties are subject to their confirmations and reconciliation,
 due adjustment, if necessary, will be made on receipt thereof. However,
 the management does not expect any material difference affecting the
 currentyears''financial statements.
 
 3) Based on the guiding principles given in Accounting Standard on
 Segment Reporting(AS-17) issued by the Institute of Chartered
 Accountants of India, the Company operates mainly in manufacturing and
 processing of Paper products and all other activities are incidental
 thereto, which have similar risk and return, accordingly, there are no
 separate reportable Segment as far as Primary Segment is concerned.
 
 4) Derivative Instruments:
 
 a) The Company has not entered into any forward contract to offset its
 foreign currency risks arising from the amounts denominated in
 currencies other than the Indian Rupee.
 
 5.  Previous year''s figures have been regrouped or rearranged wherever
 necessary.
Source : Dion Global Solutions Limited
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