1. Corporate information
 
 Repro India Limited (The Company) is a public Company domiciled in
 India and incorporated under the provisions of the Companies Act, 1956.
 It''s shares are listed on two stock exchanges in India. The Company
 provides print solutions to client, which mainly includes value
 engineering, creative designing, pre-press, printing, post-press,
 knitting and assembly, warehousing, dispatch, database management,
 sourcing and procurement, localization and web based services.
 
 2.  Basis of preparation
 
 The financial statements of the Company have been prepared in
 accordance with generally accepted accounting principles in India
 (Indian GAAP). The Company has prepared these financial statements to
 comply in all material respects with the accounting standards notified
 under the Companies (Accounting Standards) Rules, 2006, (as amended)
 and the relevant provisions of the Companies Act, 1956. The financial
 statements have been prepared on an accrual basis and under the
 historical cost convention. The accounting policies adopted in the
 preparation of financial statements are consistent with those of
 previous year, except for the change in accounting policy explained
 below.
 
 3.  Segment Information
 
 Business segment
 
 The Company operates in a single business segment of Value Added Print
 Solutions and hence, there are no separate reportable segments of the
 Company.
 
 Secondary information is reported geographically. The operating
 businesses are organized and managed separately according to the nature
 of the products and services provided, with each segment representing a
 strategic business unit that offers different products and serves
 different markets.
 
 Segment revenue, segment expense and segment result include transfers
 between business segments. Those transfers are eliminated in total
 revenue/expense/result.
 
 Geographical segment
 
 The Company''s secondary segments are the geographic distribution of
 activities. Revenue and receivables are specified by location of
 customers while the other geographic information is specified by
 location of the assets.
 
 Other transactions
 
 During the year ended March 31, 2012, the Company has provided for
 proposed final dividend of Rs. 10 per share on equity shares (March 31,
 2011: Rs. 6 per share). This included dividend on equity shares held by
 Holding Company. For details of shares held by the holding Company,
 refer note 3(c).
 
 4.  Capital commitments
 
 At March 31, 2012, the Company has capital commitments of Rs. 66,039,380
 (March 31, 2011:Rs. 191,822,100).
 
 5.  Contingent liabilities
 
 Contingent Liabilities               31-March-2012    31-March-2011
 
 Bill discounted with Banks            57,974,568            -
 
 Cenvat Refund claim 
 (Refer Note 1 below)                  60,304,740       57,328,112
 
 Service Tax Refund 
 (Refer Note 2 below)                   5,029,250            - 
 
 Excise Rebate (Refer Note 3 below)     4,447,176        6,107,287
 
 Customs duty demand on imported 
 computer software (Refer Note 4 below)317,606,651     317,606,651
 
 Obligation under Export Promotion 
 Capital Goods Scheme (Refer Note 5
 below)                                85,309,258       64,112,925
 
 Note 1
 
 As against the Cenvat refund claim of Rs. 20,484,268 for the period April
 2007 to December 2007, the Company received a refund of Rs. 17,340,854.
 The Company had preferred an appeal against the aforesaid deduction of
 Rs. 3,143,414 and subsequently, the appeal has also been initiated by the
 Excise Authorities for the refund so granted. The Cenvat Refund for the
 subsequent period from January 2008 to June 2010 aggregating to Rs.
 39,820,472 is outstanding as receivable from Excise Authorities as on
 March 31, 2012. Based on the legal advice sought in this regard by the
 Company, the Company is confident of a favorable decision in respect of
 these litigations and does not foresee any liability in this regard and
 is accordingly confident of the full realization of the outstanding
 receivable.  However, as a matter of abundant caution, pending final
 decision in this regard, the total amount of Rs. 60,304,740 (including
 the refund of Rs. 17,340,854, which has been received, and may have to be
 refunded in case of an unfavorable outcome) has been included under
 contingent liabilities.
 
 Note 2
 
 The Company has received an Order received from Commissioner of Central
 Excise dated May 20,2011 rejecting the refund claim stating it as time
 barred. The Company filed an appeal on July 22, 2011 against the said
 order. Based on the legal advice sought in this regard by the Company,
 the Company is confident of a favorable decision in respect of these
 litigations and does not foresee any liability in this regard and is
 accordingly confident of the full realization of the outstanding
 receivable. However, as a matter of abundant caution, pending final
 decision in this regard, the total amount of Rs. 5,029,250 (which has
 been shown as receivable, and may have to be written off in case of an
 unfavorable outcome) has been included under contingent liabilities.
 
 Note 3
 
 The Company has received an Order received from Commissioner of Central
 Excise dated February 21, 2011 rejecting the refund claim stating it as
 time barred. The Company filed an appeal on June 6, 2011 against the
 said order. Based on the legal advice sought in this regard by the
 Company, the Company is confident of a favorable decision in respect of
 these litigations and does not foresee any liability in this regard and
 is accordingly confident of the full realization of the outstanding
 receivable. However, as a matter of abundant caution, pending final
 decision in this regard, the total amount of Rs. 4,447,176 (which has
 been shown as receivable, and may have to be written off in case of an
 unfavorable outcome) has been included under contingent liabilities.
 
 Note 4
 
 The Company has received Order from Commissioner of Customs (Import),
 levying differential duty and penalties for the period March 2006 to
 March 2009 aggregating to Rs. 317,606,651 plus interest on duty at the
 appropriate rate as applicable during the relevant period, on the
 computer software imported by the Company for its erstwhile Microsoft
 business The Company has filed an appeal before the Customs, Excise and
 Service Tax Appellate Tribunal against the above Order. Further, in
 case of erstwhile Microsoft business, show cause notice has been issued
 by The Commissioner of Central Excise for inclusion of Royalty/License
 fees in the assessable value for arriving at the excise duty liability,
 to which the Company is in process of responding. Based on the legal
 advice, the management is confident that no liability will devolve on
 the Company in respect of the above litigations.
 
 Note 5
 
 The Company has imported Capital Goods under the Export Promotion
 Capital Goods Scheme of the Government of India at concessional rates
 of duty on an undertaking to fulfill quantified exports against which
 Minimum Export obligation is to be fulfilled by the Company under the
 said scheme. Non fulfillment of the balance of such future obligations
 in the manner required, if any, entails options/rights to the
 Government to confiscate capital goods imported under the said licenses
 and other penalties under the above-referred scheme.