a) Terms and Rights attached to Equity Shareholders:
 
 The Company has only one class of equity shares having a face value of
 Rs. 1/- per share. Each holder of equity shares is entitled to one vote
 per equity share. A member shall not have any right to vote whilst any
 call or other sum shall be due and payable to the Company in respect of
 any of the shares of such member. All equity shares of the Company rank
 pari passu in all respects including the right to dividend. The
 dividend is recommended by the Board of Directors and declared by the
 members at the ensuing Annual General Meeting. The Board of Directors
 have a right to deduct from the dividend payable to any member any sum
 due from him to the Company.
 
 In the event of winding-up, subject to the rights of holders of shares
 issued upon special terms and conditions, the holders of equity shares
 shall be entitled to receive remaining assets, if any, in proportion to
 the number of shares held at the time of commencement of winding-up.
 
 The Shareholders have all other rights as available to Equity
 Shareholders as per the provisions of the companies Act, 1956, read
 together with the Memorandum of Association and Articles of Association
 of the Company, as applicable.
 
 b) The Company does not have any holding company or ultimate holding
 company. Promoter shareholding in the Company including persons acting
 in concert with the promoters as on March 31, 2012 is 44,428,998 equity
 shares i.e.  61.82 % of the equity share capital of the
 Company.Previous Year March 31, 2011 is 44,416,194 equity shares ie.
 61.80%.
 
 * Secured by mortgage of related immovable and movable assets of the
 company as well as personal gaurantee of three Directors, carrying
 floating rate of interest 4.25% above base rate repayable by June,
 2013.
 
   Secured by subservient charge over current and movable fixed assets
 of the company and personal gaurantee of three Directors carrying
 floating rate of interest of 3% above base rate repayable by March,
 2015.
 
 ## Secured by pledge of equity shares of the company and personal
 guarantee of the promoter carrying interest rate of 13.75% repayable by
 April, 2013.
 
 ** Carrying interest ranging from 8.33% to 18% and to be repaid during
 the period from January, 2014 to February, 2015.
 
 @ Carrying interest ranging from 9.46% to 16% and to be repaid during
 the period from December, 2012 to July, 2016.  *** Repayment shall
 commence from the financial year 2015-16 upto 2024-25.
 
 ** Secured by charge over entire stock of raw material,
 stock-in-process, finished goods, stores & spares, goods-in- transit,
 receivables and other current asset of tire company on pari passu basis
 with other WC lender and personal gaurantee of three Directore carrying
 inteeest rate of 3.75% above base rate.
 
 # Secured by first pari-passu charge on all the current assets of the
 company along with working oapital lendor and personal gaurantee of
 three Directors carrying inteeesf rate of 3% above base eate.
 
 ## Of these, Loan of Rs.174,953,898/- (P.Y. Rs. 50,000,000/-) is taken by
 pledge of promoters shares.
 
 Notes 1
 
 Contingent Liability:
 
 Bank Guarantee given Rs. 100,000/- (P.Y.Rs. 100,000/-)
 
 Notes 2
 
 In the opinion of the management, current assets, loans, advances and
 deposits are approximately of the value stated, if realized in the
 ordinary course of business. The provision of all known liabilities is
 adequate and not in excess of the amount reasonably necessary.
 
 Notes 3
 
 Balances of certain trade receivables, trade payables and loans and
 advances are subject to confirmations / reconciliation and
 consequential adjustments, if any. The management does not expect any
 material difference affecting the current year''s financial statements
 on such reconciliation / adjustments.
 
 Notes 4
 
 Disclosure under MSMED Act, 2006:
 
 The Company has not received any information from the suppliers
 regarding their status under the Micro Small and Medium Enterprises
 Development Act, 2006 and hence disclosures, if any, relating to the
 amounts as at year end together with interest paid / payable as
 required under the said act have not been given.
 
 Notes 5
 
 Amortization of Brand:
 
 The management has decided to revise the estimated period for
 amortization of balance value of Brand in next five years in view of
 modification of paper mills at Nagpur. Had the Company followed its
 earlier accounting policy, it would have amortised Rs.. 40,111,910/- out
 of which Rs.. 29,172,298/- pertains to current year. Due to such
 revision, amortization is short accounted by Rs.. 29,172,298/- resulting
 into increase in profit by Rs.. 29,172,298/- and value of Brand by Rs..
 29,172,298/-.
 
 Notes 6
 
 Segment Reporting:
 
 Primary Segment (Business):
 
 The Company operates in single business segment of manufacture and sale
 of exercise note books and paper.  Hence further disclosure required as
 per Accounting Standard AS-17 Segment Reporting is not given.
 
 Notes 7
 
 After the close of the year on 31.03.2012,an Extra Ordinary General
 Meeting (EGM) was held on 01.04.2012 to approve the issue of bonus
 shares in the ratio of 2:1. As per the resolution, such bonus shares
 shall rank parri passu in all respectswith and carry the same rights as
 the existing fully paid up equity shares of the company and shall be
 entitled to participate fullyin any dividend(s) to be declared after
 the bonus shares are so allotted.
 
 Notes 8
 
 Previous year figures have been re-grouped/re-classified wherever
 considered necessary to compare with current year figures.