1. Contingent Liabilities (Rs. Lacs) 
    Claims against the company not
    acknowledged as debts:
 
 a) Escrow Fund Matter                    16.66             16.84
 
 b) Labour/ESIC Matters                    8.14              9.13
 
                                          24.80             25.97
 
 2.  A) The company has established a seperate Gratuity Fund Trust to
 take care of the Gratuity Liability of itsemployees. It is informed
 that against the accrued gratuity liability as on 31st March, 2011
 ascertained by the company of Rs. 16.69 lacs (Previous year Rs. 16.59
 lacs) the Gratuity Fund Trust has sufficient investments to meet the
 entire liability. Therefore, no provision for gratuity is made in the
 accounts during the current year.
 
 B) This liability takes into account the sum that would have been
 payable as gratuity to all the eligible employees as on the last day of
 the financial year as per the Payment of Gratuity Act, 1972 in the
 absence of Acturial Valuation as per Accounting Standard-15 (Revised).
 
 C) Similarly the liability arising on account of accrued leave salary
 is provided for in the accounts which considers the sum that would have
 been payable to the eligible employees as on the last day of the
 financial year in absence of Acturial Valuation as perAccounting
 Standard-15 (Revised).
 
 D) Looking at the small number of employees as on 31st March 2011, the
 management is of the opinion that, the liability provided for in the
 books / funds available with the Gratuity Fund Trust are sufficient to
 cover these obligations.
 
 3.  The Bidi''s manufactured by the company were sold to Traders /
 Exporters, who used to export them to various countries.In earlier
 years, Bidi''s sold to some such Traders/Exporters were exported by them
 to USA.
 
 As per the prevailing law in USA, the responsibility of depositing the
 amount in Escrow Deposit Fund (On account of sales of tobacco products
 in that country) was of the manufacturer of tobacco products.
 
 Accordingly , on the basis of demand raised against the company for
 non-fulfillment of this requirement- a sum of Rs.150.81 Lacs was
 provided for in the books of the company upto 31 st March 2011.
 
 During the current year no any fresh demand was made against the
 company. The current year figure of appearing in Profit and Loss
 Account Rs. 1.65 Lacs represents foreign exchange gain on restatement
 of outstanding liability of escrow fund demand provision already made
 in earlier years.
 
 4 It is informed that Income Tax Assessments have been completed upto
 A.Y.2008-09.  In respect of A.Y.2007-08, company had filed loss return.
 The assessing officer made certain additions / disallowed some
 expenses- thereby reducing the loss.  Company has filed an appeal
 against the said order which is pending before Commissioner of
 IncomeTax (Appeals).
 
 5 The company has not received any intimation from its suppliers
 regarding their status underthe Micro, Small and Medium Enterprises
 DevelopmentAct, 2006 and hence disclosures, if any, relating to amounts
 unpaid as at the year end as required underthe said Act have not been
 furnished.
 
 6. Segment Reporting:
 
 a) Primary Segment:.
 
 The company considers Tobacco Products and Tobacco as one business
 segment
 
 b) Secondary Segment:
 
 All the sales of the company are in the Indian Market and hence, there
 are no reportable geographical segments.
 
 7. Impairment of Assets (AS:28): Required provision has been made for
 impairment of fixed assets.
 
 8. Contingent Liabilities & Contingent
 
 Assets (AS:29): In the opinion of the management, no provision is
 required against contingent liabilities referred in Schedule 6, Note 1
 on Contingent Liabilities.
 
 9. Information pursuant to paragraphs 3,4 C and 4 D of Part II of
 Schedule VI of the Companies Act, 1956.
 
 (As Certified by Management)
 
 10. RELATED PARTY DISCLOSURES :
 
 RELATED PARTIES WITH WHOM THE COMPANY HAD TRANSACTIONS, ETC (i)
 Associates / Entities in which Promoters are able to exercise
 significant influence:
 
 1.  Rasbihari Enterprises Ltd
 
 2.  Vidarbha Bidi Ltd
 
 3.  Yogi Ayurvedic Products Pvt Ltd
 
 4.  TipTop Health Zone Pvt.Ltd.
 
 5.  STS Exports Ltd
 
 6.  M/s.S.K.Sarda
 
 7.  Sungrowth Manpower Services Pvt Ltd.
 
 8.  City Centre Mall Nashik Pvt. Ltd.
 
 (ii) Relatives / Members of Promoter Group:
 
 1.  ShriKBSarda.
 
 2.  SauK.K.Sarda.
 
 3.  Shri S K Sarda.
 
 4.  Sau.S.S.Sarda.
 
 (iii) Key Management Personnel: ShriV.S.Maydeo
 
 11. Figures forthe previous year have been regrouped wherever
 considered practicable and necessary.