Rights, preferences and restrictions attached to Equity Shares:
 
 The Company has one class of equity shares of Rs. 10 each. Each
 shareholder is eligible for one vote per share held* The dividend
 proposed by the Board of Directors is subject to the approval of the
 shareholders in the ensuing Annual General Meeting, except In case of
 Interim dividend. In the event of liquidation, the equity shareholders
 are eligible to receive the remaining assets of the company after
 distribution of all preferential amounts, in proportion to their
 shareholding.
 
 a.  Secured Loans are covered by :
 
 Term Loans from bank of India including current maturities are secured
 by way of first charge as under:
 
 First charge on all movable and immovable properties of the Company and
 secured by deposit of title deeds hy way of creation of equitable
 mortgage in respect of land situated at various loactlons in the name
 of the Company.
 
 Hypothecation of all fixed assets namely land, building, plant &
 machineries, miscellaneous fixed assets, furnitures & fixtures and
 entire current assets of the Company.
 
 First charge on residential property of promoter directors of the
 Company and secured by deposit of title deeds by way of creation of
 equitable mortgage on the said property.
 
 Corporate Guarantee, jointly & severally, of two group companies,
 namely Tijaria Vinyl Pvt. Ltd. and Tijaria Industries Ltd. Further,
 loan is secured by deposit of title deeds by way of creation of
 equitable mortgage in respect of land in the name of the said
 companies,
 
 Personal guarantee, j''ointly and severally, of all the four promoter
 directors of the Company and their relatives.
 
 Deferred development charges from RIICO Ltd. Including current
 maturities is secured by hypothecation of land against which the
 deferred development charges is due for payment.
 
 Vehicle Loans including current maturities is secured by hypothecation
 of Vehicles against which the loans have been taken.
 
 b.  Re payment Term 5 of outstanding long term bor rowings {excluding
 current maturities) as on March 31, 2012 Re payment Terms for Secured
 Rupee Term Loans:
 
 Facility l (T 2132193) - Balance amount Is repayable In 9 equal monthly
 installments, with Interest@ 12.75%, starting from April, 2013.
 
 Facility 2 (T4661558) - Balance amount is repayable in 22 equal monthly
 installments with interest @ 12.75%, starting from April, 2013.
 
 Facility 3 (Rs. 168546548) Balance amount is repayable in 60 equal
 monthly installments with interest @ 12.75/tf, starting from April,
 2013.
 
 Re payment Terms for Secured Buyer Credit Loan fn Foreign Currency :
 
 Buyer Credit Loan in Foreign Currency has been granted for a period of
 six months subj''ect to roll over maximum upto three years. Upon expiry
 of three years or not opting to roll over after expiry of six months,
 whichever is earlier, the said loan will be converted into rupee term
 loan at the exchange rate prevailing at that point of time and shall be
 merged into facility 3, Repayment shall be made as per terms stated in
 facility 3 above. The interest rate is varying between 2.60% to 4.25%.
 
 c.  Deferred Development Charges (excluding current maturities) are
 repayable in 10 equal quarterly installments with interest 12%, the
 first being due on June 30, 2013.
 
 1.  Contingent Liabilities:
 
 The following contingent Liabilities have not been provided for in
 respect of:
 
 a.  Letter of Credit for Rs. 2,97,05,559/- (Previous Year Rs.
 9,13,59,194/-).
 
 b.  Bank Guarantees for Rs. 2,31,82,821/- (Previous Year Rs.
 5,86,87,179/-).
 
 c.  The Company has imported various machineries under EPCG
 concessional duty scheme and the aggregate duty saved amount is Rs.
 2,55,62,950/- (previous year Rs. 2,40,66,507/-). The Company is to fulfil
 export obligations within the stipulated time.
 
 2.  The company has not received any intimation from its suppliers
 being registered under Micro, Small and Medium Enterprises Development
 Act, 2006. Hence, the disclosure relating to amount unpaid as at the
 end of the year together with interest paid/payable under this Act have
 not been disclosed separately.
 
 3.  Closing Stock of finished goods includes excise duty ofRs.
 36,87,471/- (previous yearRs. 9,28,501/-).
 
 4.  The revised Schedule VI as notified under the Companies Act, 1956,
 has become applicable to the Company for presentation of Its financial
 statements for the year ending March 31,2012. The adoption of the
 revised Schedule VI requirements has significantly modified the
 presentation and disclosures which have been complied with in these
 financial statements. Accordingly, previous year figures have been
 reclassified in accordance with current year requirements.
 
 5.  In the opinion of the Board, Loans & Advances, Sundry Debtors and
 other Current Assets, if realised in the ordinary course of business,
 have the value at which they are stated in the Balance Sheet.
 
 6.  Balance of Sundry creditors, sundry debtors and loans and advances
 are subject to verification.
 
 7.  The company has charged to the P&L Account final balance lying in
 preliminary expenses Rs. 1,00,001/- (Previous YearRs. 1,37,352/-) during
 the year. The share issue expenses amounting to Rs. 4,04,20,200/-
 (previous year - nil) has been fully charged from the securities
 premium account.
 
 8.  The Company is having balance of Rs. 8,940/- in its IPO - Refund
 Account which is pending for refund due to non- presentation of refund
 order by the investor.
 
 9.  The buyer credit loan taken in foreign currency for the purchase of
 fixed assets has been re-stated at the exchange rate prevailing as on
 Balance Sheet date. In view of MCA notification dated December 29, 2011
 under AS 11, the Company has capitalized the exchange loss arising due
 to such re-statement amounting to Rs. 92,89,559/- (previous year - nil)
 after the same has been put to use and will be depreciated over the
 balance life of the assets. This has resulted into the increase in
 gross block of assets. Had this not been capitalized, the loss would
 have been higher by Rs. 92,89,559/-.
 
 10.  The company has been awarded a work order under Narmada Canal
 Project. The sales under this project have been recorded on the basis
 of invoice issued from time to time instead of running bills made by
 concerned authorities. The expenses incurred on this work side at
 Sanchor and the payments received in accordance with running bills is
 directly accounted for in the project account which is not forming
 part of Revenue Accounts.
 
 11.  The Company has a defined benefit gratuity plan. Every employee
 who has completed five years of more of service gets a gratuity on
 departure at 15 days last drawn salary for each completed year of
 service. The scheme is funded with LIC in the form of a qualifying
 insurance policy. Gratuity expense has been provided as per actuarial
 valuation made by the LIC under projected unit credit method.
 
 The previous year figures are not available as the same has not been
 provided by the LIC.
 
 12.  Raw Material & stores are valued at cost and finished goods are
 valued at lower of cost and net realizable value ascertained on first
 in first out basis.
 
 Cost of Inventories comprise of all cost of purchase, cost of
 conversion and other cost incurred in bringing them to there present
 location and condition.
 
 Net realizable value is calculated on the basis of estimated sales
 price in the ordinary course of business less estimated gross profit
 margin.
 
 The inventories have been physically verified by the management and day
 to day stock register has been maintained by the company as per Central
 Excise Rules only. The quantity and value of the same has been
 certified by the management. The Closing stock of finished goods has
 been valued including Excise Duty.
 
 Deferred tax assets are recognized and carried forward only to the
 extent that there is a virtual certainty of realization of such assets.
 In view of unabsorbed losses and depreciation for the year, deferred
 tax asset has been recognized to the extent of balance of deferred tax
 liability as at the year end. Accordingly, deferred tax liability
 existing at the beginning of the year has also been written back.
 
 13.  Prior period items:
 
 All material items of Income / Expenditure pertaining to prior period
 are accounted separately. However Miscellaneous expenses includes prior
 period expenses of Rs. 2,95,603/-. Other operating revenue includes prior
 period income ofRs. 8,83,423/-.
 
 14.  Related PartyTransactions:
 
 As per Accounting Standard-18 on Related Party Disclosures, the
 transactions entered into with the related parties are disclosed below
 which were entered in the ordinary course of business:
 
 (a) Names of the related parties with whom transactions were entered
 into during the year:
 
 1.  Companies under the same Management:
 
 a) Tijaria Industries Limited
 
 b) Tijaria International Limited
 
 c) Tijaria Vinyl Private Limited
 
 2.  Key Management Personnel:
 
 Mr. Alok Jain Tijaria - Managing Director
 
 Mr. Vikas Jain Tijaria - Whole Time Director 
 
 Mr. Praveen Jain Tijaria - Whole Time Director
 
 Mr.  Vineet Jain Tijaria - Whole Time Director
 
 3.  Relatives to Key Management Personnel:
 
 a) Mrs. Anu Jain Tijaria
 
 b) Mrs. Purnima Jain Tijaria
 
 c) Mrs. Reema Jain Tijaria
 
 d) Mrs. Sonal Jain Tijaria
 
 e) Mr. Ramesh Jain Tijaria
 
 f) Mrs. Maya Jain
 
 g) Mrs. Kunti Jain
 
 15.  The company has raised an amount of Rs. 60,00,24,420/- though IPO
 which was subscribed by the public between 27.09.2011 to 29.09.2011.
 
 On receipt of such IPO proceeds company was under an obligation to
 utilize the proceeds as per prospectus filed before the SEBI. However,
 an enquiry is pending before the SEBI with regard to the utilization of
 funds which is still subjudice hence we have not commented upon the
 utilization of IPO proceeds.
 
 Vide letter No. WTM/PS/ID2/146/Dec/2011 dated 28th December, 2011, SEBI
 has directed the company to (Deposit) the IPO proceeds to the tune of Rs.
 45.40 Crores in a Escrow Account within a specified time limit within 7
 (seven) days, which has not been done and as informed by the
 Management, the company is taking appropriate action on the matter.
 
 16.  The company has adopted the rate of Indian Rupees as 51.50 per
 Dollar as conversion rate which has been prescribed by the customs
 department vide Notification No. 26/2012 dated 28.03.2012 for the month
 of April, 2012, which in the opinion of the management was more
 appropriate to give a true and fair view. Further the rate prescribed
 by the customs department for the month of March, 2012, would have
 adverse effect as the 31.03.2012 is the last effective day of such rate
 and hence rate as on 01.04.2012 has been considered.
 
 17.  The company has received subsidy of Rs. 24,18,785/- (Previous Year
 Nil) from Sales Tax Department and sum of Rs.  l,67,200/-(Previous Year Rs.
 4,75,000/-) received from Agriculture & Processed Food Products Export
 Development Authority.
 
 18.  All the figures are rounded off to the nearest rupee.
 
 Signature to Note 1 to 27 annexed to and forming part of the Balance
 Sheet as at 31st March, 2012 and the Statement of Profit and Loss for
 the year ended on that date.