Note No : 1.1
 
 Share capital
 
 (e) The Company has only one class of equity shares having a par value
 of Rs. 10 per share. Each holder of equity shares is entitled to one
 vote per share. The holders of equity shares are entitled to receive
 dividends as declared from time to time. In the event of liquidation of
 the company the holders of equity shares will be entitled to receive
 remaining assets of the company, after distribution of all preferential
 amounts. The distribution will be in proportion to the number of equity
 shares held by the shareholders.
 
 Note No : 2 Long-term borrowings
 
 (a) Nature of securities:
 
 Term loan from entities other than banks is secured by first charge on
 the Company''s immovable properties situated at Jeypore (Assam) by
 deposit of title deeds and also by hypothecation of all plant and
 machinery and other fixed assets of the Company, both present & future,
 and is additionally secured by personal guarantee of the Managing
 Director.
 
 Note No : 3.1 FIXED ASSETS
 
 a)Land. Building and Plant & Machinery were revalued on 30th June 1985
 as per valuation report of M/s. Consolidated Enterprises on the basis
 of net replacement value and appreciation on revaluation aggregating to
 Rs. 1,63,77.041/- was credited to Capital Reserve.
 
 b) Intangible Assets 
 
 The unamortised amount of Computer Software (Acquired) Rs. 49.85.977/- 
 (Previous year Rs. 16,31.249/-) is to be amortised at the rate of 20% 
 per annum over a period of 3 - 5 years as the case may be.
 
                                                  As at         AS at
                                             31.03.2012    31.03.2011
                                                   Rs.           Rs.
 
 Note No. :    3.2                    
 
 1    Estimated amount of contract
 remaining to be executed not provided
 for                                          5,464,406       505.877
 
 2.    Contingent Liabilities not
 provided for in respect of:
 
 a) Uncalled Capital against partly 
 paid-up shares held as investment                8,000         8,000
 
 b) Guarantees furnished by Company''s 
 Bankers on behalf of the Company               465,845       465,845
 
 e) Demand raised by Govt. authorities 
 in respect of Taxes and Duties and 
 contested by the Company .                  37,640,576    30.001,270
 
 4.  The Company has not received any memorandum (as required to be
 filed by the suppliers with the notified authority under the Micro.
 Small and Medium Enterprises Development Act. 2006) claiming their
 status as on 31st March 2012 as micro or small or medium enterprises.
 Consequently the amount due to micro and small enterprises as per
 section 22 of the above said Act is Rs. Nil (Previous year Rs. Nil).
 
 5.  Segment information as per Accounting Standard - 17 on Segment
 Reporting  :
 
 The Company has identified two business segments viz. Plywood and Tea.
 Segments have been identified and reported taking into account the
 nature of the products, the differing risks and returns, the
 organisational structure & internal business reporting system. 
 
 a) Revenue and expenses have been identified to a segment on the basis
 of relationship to operating activities of the segment. Revenue and
 expenses which relate to enterprise as a whole and are not allocable to
 a segment on reasonable basis have been disclosed as Unallocable.
 
 b) Segment Assets and Segment Liabilities represent assets and
 liabilities of respective segments. investments, tax related assets and
 other assets and liabilities that can not be allocated to a segment on
 reasonable basis have been disclosed as Unallocable.
 
 Notes :
 
 a) There are no transactions between segments. Common costs are
 apportioned on a reasonable basis.
 
 b) Since the company''s activities/operations are primarily within the
 country, there is only one geographical segment. 
 
 c) Figures in the brackets pertain to previous year.
 
 6.  Related Party Disclosures
 
 Notes:
 
 a) Figures in the brackets pertain to previous year.
 
 b) The Company has neither written off nor written back any amount
 recoverable/payable from/to any related party during the year.
 
 c) The amount due from related parties are good and hence no provision
 for doubtful debts in respect of dues from such related parties is
 required.
 
 Names of related parties & description of relationship
 
 Associates :        Abhinandan Fintex Pvt Ltd.
                     Calcutta Technician & Advisers Ltd.
                     Madhya Unarm Papers Ltd.
                     P S Plywood Products Pvt. Ltd.
                     Purma Timber Products Ltd.
 
 Key Management 
 Personnel :         Shri Sudeep Chitlangia
                     Shri Sohan Lal Yadav
 
 7.  Disclosure under clause 32 of the Listing Agreement:
 
 There are no transactions (except related party transactions) which are
 required to be disclosed under Clause 32 of the Listing Agreement with
 the Stock Exchanges where the Equity Shares of the Company are listed.
 
 8.  Disclosure pursuant to AS-29 on Provision, Contingent Liabilities
 and Contingent Assets :
 
 a) No provisions for Liabilities was made during the year and no
 provision was outstanding at the beginning and at the end of the year. 
 
 b) The Contingent liabilities mentioned at SI No. 1 are dependent upon
 Court decision/out of court settlement/disposal of appeals etc.
 
 9.  Disclosure pursuant to AS - 15 (revised 2005) on Employee
 Benefits
 
 Defined Benefit Plan:
 
 Post employment and other long-term employee benefits in the form of
 gratuity, sick leave and earned leave encashment are considered as
 defibenefit obligation. The Present value of obligation is determined
 based on actuarial valuation using projected unit credit method as at
 the Balance Sheet dale. The amount of defined benefits recognized in
 the balance sheet represent the present value of the obligation as
 adjusted for unrecognized past service cost, and as reduced by the fair
 value of plan assets.
 
 VIII. Basis used to determine the Expected Rate of Return on Plan
 Assets:
 
 The expected rate of return on plan assets is determined considering
 several applicable factors, mainly the composition of plan assets held,
 assessed risks, historical results of return on plan assets and the
 Company''s policy
 
 IX Basis of estimates of rate of escalation in salary
 
 The estimates of rate of escalation in salary considered in actuarial
 valuation, take into account inflation. seniority, promotion and other
 relevant factors including supply and demand in the employment market.
 The above information is certified by the actuary.
 
 10. Previous year''s figure have been rearranged/regrouped wherever
 necessary to conform to current year''s presentation as required by the
 Revised Schedule VI to the Companies Act, 1956.