Notes to Accounts of Duropack Ltd.

Mar 31, 2024

Where the company transferred the financial assets, the company evaluates whether it has transferred substantially all
risks and reward of ownership of the financial assets. In such cases, the financial asset is derecognized. Where the entity
has not transferred substantially all risks and rewards of the ownership of the financial assets, the financial assetsis not
derecognized.

Where the company retains control of the financial assets, the asset is continued to be recognized to the extent of
continuing involvement in the financial assets.
x) Earnings per share

Earnings per share is calculated by dividing the profit attributable to owners of the company by the weighted average
number of equity shares outstanding during the financial year.
xii) Taxes on Income
Current Income Tax

Current Income tax assets and liabilities are measured at the amount expected to be paid to the taxation authorities. The
tax rate and tax laws are used to compute are those that are enacted or substantively enacted, at the reporting date
together with any adjustments to tax payable in respect of previous years.

Deferred Tax

Deferred Tax is provided on temporary difference between the tax bases of assets and liabilities and their carrying
amounts for financial reporting purposes at the reporting date.

Deferred tax liabilities are recognized for all taxable temporary differences and deferred tax assets are recognized for all
deductible temporary differences to the extent it is probable that future profits will be available against which deductible
temporary differences can be utilized.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the assets are
realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the
reporting date.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets
against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.
Deferred tax relating to item recognized outside profit or loss is recognized outside profit or loss (either OCI or in equity).
Deferred tax items are recognized in correlation to the underlying transaction either in OCI or directly in equity.

For and on behalf of the Board of Directors For PVSP & Co

Chartered Accountants

Sd/- _Sd/- Sd/- FRN : 008940N

Vivek Jain Vineet Jain Anju

(Director) (Di_recto_r) Company Secretary

DIN: 01753065 DIN_: 01823758 M.No: A65057 Sd/-

CA Vi nod Ralhan

Place : New Delhi (Partner)

Date : 30.05.2024 M.No.: 091503

II. Actuarial Assumptions

Company attention was drawn to provisions of accounting standard that actuarial assumptions are an
entity''s best estimates of variables that will determine the ultimate cost of providing post employment
benefits and shall be unbiased & mutually compatible.

a) Economic Assumptions

The principal assumptions are the discount rate & salary growth rate. The discount rate is generally
based upon the market yields available on Government bonds at the accounting date relevant to currency
of benefit payments for a term that matches the liabilities. Salary growth rate is company''s long term best
estimate as to salary increases & takes account of inflation, seniority, promotion, business plan, HR policy
and other relevant factors on long term basis as provided in relevant accounting standard. These
valuation assumptions are as follows;

b) Demographic Assumption

Attrition rates are the company''s best estimate of employee turnover in future determined considering
factors such as nature of business & industry, retention policy, demand & supply in employment market,
standing of the company , business plan, HR Policy etc. as provided in the relevant accounting standard.

A) Management of Liquidity Risk

"Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial
liabilities.“The Company''s approach in managing liquidity is to ensure that it will have sufficient funds to meet
its liabilities when due without incurring unacceptable losses. In doing this, management considers both
normal and stressed conditions. The Company maintained a cautious liquidity strategy, with a positive cash
balance throughout the year ended 31st March, 2024 and 31st March, 2023. Cash flow from operating
activities provides the funds to service the financial liabilities on a day-to-day basis."

B) Management of Market Risk

1. Currency Risk

The Company is not subject to the Currency risk. The Company has laid policies and guidelines which it
adheres to in order to minimize the risk.

2. Price Risk

"The Company is mainly exposed to the price risk due to its investment in debt portion of mutual funds. The
price risk arises due to uncertainties about the future market values of these investments. At 31st March,
2024, the investments in mutual funds amounts to Rs.922.42/-lakhs (31st March, 2023: Rs.621.15
lakhs).“These are exposed to price risk."

The Company has laid policies and guidelines which it adheres to in order to minimize price risk arising from
investments in mutual funds.

3. Interest Rate Risk

The Company is mainly not exposed to the interest rate risk. The interest rate risk arises due to uncertainties
about the future market interest rate on investments.

C) Management of Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counter-party fails to meet its contrac¬
tual obligations.

Trade receivables : Concentration of credit risk with respect to trade receivables are limited, due to the
Company''s customer base being large and diverse. All trade receivables are reviewed and assessed for
default on a quarterly basis. Our historical experience of collecting receivables indicate a low credit risk.
Hence, trade receivables are considered to be a single class of financial assets.

C. Deferred tax assets & liabilities are measured using the current tax rates. When there is unabsorbed
depreciation or carry forward of losses, deferred tax assets are recognized only to the extent that there is
virtual certainty of realization of deferred tax assets. Other deferred tax assets are recognized to the extent,
there is reasonable certainty of realization of deferred tax assets. Such deferred tax assets and other
unrecognized deferred tax assets are re-assessed at each balance sheet dates and the carrying value of the
same are adjusted recognizing the change in the value of each such deferred tax assets.

Note 47 "No funds have been advanced / loaned / invested (from borrowed funds or from share premium or from any
other sources / kind of funds) by the Company to any other person(s) or entity(ies), including foreign entities
(Intermediaries), with the understanding (whether recorded in writing or otherwise) that the Intermediary shall
(i) directly or indirectly lend or invest in other persons“or entities identified in any manner whatsoever by or on
behalf of the Company (Ultimate Beneficiaries) or (ii) provide any“guarantee, security or the like to or on behalf
of the Ultimate Beneficiaries. No funds have been received by the Company from any person(s) or entity(ies),
including foreign entities (Funding Parties), with the understanding (whether recorded in writing or otherwise)
that the Company shall (i) directly or indirectly, lend or invest in“other persons or entities identified in any
manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (ii) provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries"

Note 48 Compliance with approved Scheme(s) of Arrangement : Not Appliacble

Note 49 The Figure have been rounded off to the nearest rupees in lakhs.

Note 50 The previous period figures have been re-grouped or re-arranged whenever considered necessary and have
been shown in bracket.

For and on behalf of the Board of Directors For PVSP & Co

Chartered Accountants

Sd/- _Sd/- Sd/- FRN : 008940N

Vivek Jain Vin_eet J_ai_n Anju

(Director) (Di_recto_r) Company Secretary

DIN: 01753065 DIN_: 01823758 M.No: A65057 Sd/-

CA Vi nod Ralhan

Place : New Delhi (Partner)

Date : 30.05.2024 M.No.: 091503

---

Mar 31, 2015

1 Corporate information

Duropack Limited is engaged in business of Manufacturing of Flexible laminates pouches and Holograpics Products. The company has been incorporated in the year 1986. The company's registered office is in Delhi.

2. Bank Guarantee issued in favour of Asst. Commissioner of custom, Mumbai for Rs 60000/-. by the company's bankers and counter guaranteed by the company for Rs 60000/- against which the margin is held by the company's bankers by way of fixed deposits amounting to Rs 60000/-

3. In the opinion of the board and the best of their knowledge, the current assets, loans and advances shown in the Balance sheet have a value on realization in the ordinary course of the business at least equal to the amount stated therein.

4. The company's has an export obligation of Rs 10347864 upto 30.10.2015 under EPCG scheme. Duty saved is Rs 1293483.

5. Sundry Debtors/ Creditors balances are subject to confirmation & reconciliation.

6. The Company has been discharged from BIFR with w.e.f 25.09.2013 & is no longer a sick industrial company.

7. Unclaimed Dividend of Rs 134,492 (f.y.1994-95), Rs 282,489 (f.y. 1995-96) & 586 (f.y. 1996-97) have not been transferred to the investor education & protection fund as per provision of sec-205 A of the companies act 1956.

8. Deferred tax assets & liabilities are measured using the current tax rates. When there is unabsorbed depreciation or carry forward of losses, deferred tax assets are recognized only to the extent that there is virtual certainty of realization of deferred tax assets. Other deferred tax assets are recognized to the extent, there is reasonable certainty of realization of deferred tax assets. Such deferred tax assets and other unrecognized deferred tax assets are re-assessed at each balance sheet dates and the carrying value of the same are adjusted recognizing the change in the value of each such deferred tax assets.

9. As the company's business activity falls within a single primary business segment viz. "Flexible packaging material, services "and single geographical segment , the disclosure requirement of Accounting Standard (AS-17)"Segment Reporting "notified in the companies (Accounting Standards) Rules,2006 are not applicable.

10. There are no dues to micro, small and medium enterprises as at 31st March, 2015.

11. Related party disclosures in terms of Accounting Standard 18 issued by the Institute of Chartered Accountants of India are as per annexure-1.

12. Provision for Income Tax of Rs 26,60,000 has been made for the year 2014-2015 as per Section 115 JB of the Income Tax Act, 1961.

13. Contingent Liabilities:

i) Estimated amount of Contracts remaining to be executed on capi-tal account and not provided for - Rs. Nil

ii) Claims against the company not acknowledged as debts-Rs. Nil.

14. Provision for Gratuity

Provisions of Rs36995/- has been made on account of Gratuity for the year.

15. The previous period figures, have been re-grouped or re-arranged whenever considered necessary and have been shown in bracket.

---

Mar 31, 2014

1 Corporate information

Duropack Limited is engaged in business of Manufacturing of Flexible laminates pouches and Holograpics Products. The company has been incorporated in the year 1986. The company''s registered office is in Delhi.

2 Bank Guarantee issued in favour of Asst. Commissioner of custom, Mumbai for Rs. 60000/-. by the company''s bankers and counter guaranteed by the company for Rs. 60000/- against which the margin is held by the company''s bankers by way of fixed deposits amounting to Rs. 60000/- 36 In the opinion of the board and the best of their knowledge, the current assets, loans and advances shown in the Balance sheet have a value on realization in the ordinary course of the business at least equal to the amount stated therein.

3 The company''s has an export obligation of Rs. 10347864 upto 30.10.2015 under EPCG scheme. Duty saved is Rs. 1293483.

4 Sundry Debtors/ Creditors balances are subject to confirmation & reconciliation.

5 The Company has been discharged from BIFR w.e.f. 25-09-2013 and is no longer a Sick Industrial Company

6 Unclaimed Dividend of Rs. 134,492 (f.y.1994-95) , Rs. 282,489 (f.y. 1995-96) & 586 (f.y. 1996-97) have not been transferred to the investor education & protection fund as per provision of sec-205 A of the companies act 1956.

7 Deferred tax assets & liabilities are measured using the current tax rates. When there is unabsorbed depreciation or carry forward of losses, deferred tax assets are recognized only to the extent that there is virtual certainty of realization of deferred tax assets. Other deferred tax assets are recognized to the extent, there is reasonable certainty of realization of deferred tax assets. Such deferred tax assets and other unrecognized deferred tax assets are re-assessed at each balance sheet dates and the carrying value of the same are adjusted recognizing the change in the value of each such deferred tax assets.

8 As the company''s business activity falls within a single primary business segment viz. "Flexible packaging material, services "and single geographical segment , the disclosure requirement of Accounting Standard (AS-17)"Segment Reporting "notified in the companies (Accounting Standards)Rules,2006 are not applicable.

9 There are no dues to micro, small and medium enterprises as at 31st March, 2014.

10 Related party disclosures in terms of Accounting Standard 18 issued by the Institute of Chartered Accountants of India are as per annexure-1.

11 Provision for Income Tax of Rs. 20,35,533. has been made for the year 2013-2014 as per the Income Tax Act, 1961.

12 Contingent Liabilities:

i) Estimated amount of Contracts remaining to be executed on capital account and not provided for - Rs. Nil ii) Claims against the company not acknowledged as debts-Rs. Nil.

13 The previous period figures, have been re-grouped or re-arranged whenever considered necessary and have been shown in bracket.

---

Mar 31, 2013

Note 1 Corporate information

Duropack Limited is engaged in business of Manufacturing of Flexible laminates pouches and Holograpics Products. The company has been incorporated in the year 1986. The company''s registered office is in Delhi.

2 Bank Guarantee issued in favour of Asst. Commissioner of custom, Mumbai for Rs. 60000/-. and in favour of the Assessing Authority, sales Tax Department, Rewari for Rs. 200000/- by the company''s bankers and counter guaranteed by the company for Rs. 260000/- against which the margin is held by the company''s bankers by way of fixed deposits amounting to Rs. 260000/- 36 In the opinion of the board and the best of their knowledge, the current assets, loans and advances shown in the Balance sheet have a value on realization in the ordinary course of the business at least equal to the amount stated therein.

3 The company''s has an export obligation of Rs. 10347864 upto 30.10.2015 under EPCG scheme. Duty saved is Rs. 1293483.

4 Sundry Debtors/ Creditors balances are subject to confirmation & reconciliation.

5 The Company has been declared Sick Industrial Company u/s 3(1)(o) of the Sick Industrial Company (SP) Act,1985 Vide BIFR order dated 29-11-2006. The rehabilitation scheme has been sanctioned by Honorable BIFR on 15.12.2009 and is under implementation. SBBJ has been appointed the monitoring agency.

6 Unclaimed Dividend of Rs. 134,492 (f.y.1994-95), Rs. 282,489 (f.y. 1995-96) & 586 (f.y. 1996-97) have not been transferred to the investor education & protection fund as per provision of sec-205 A of the companies act 1956.

7 Deferred tax assets & liabilities are measured using the current tax rates. When there is unabsorbed depreciation or carry forward of losses, deferred tax assets are recognized only to the extent that there is virtual certainty of realization of deferred tax assets. Other deferred tax assets are recognized to the extent, there is reasonable certainty of realization of deferred tax assets. Such deferred tax assets and other unrecognized deferred tax assets are re-assessed at each balance sheet dates and the carrying value of the same are adjusted recognizing the change in the value of each such deferred tax assets.

8 As the company''s business activity falls within a single primary business segment viz. "Flexible packaging material, services "and single geographical segment, the disclosure requirement of Accounting Standard (AS-17)" Segment Reporting "notified in the companies (Accounting Standards) Rules, 2006 are not applicable.

9 There are no dues to micro, small and medium enterprises as at 31st March, 2013.

10 Related party disclosures in terms of Accounting Standard 18 issued by the Institute of Chartered Accountants of India are as per annexure-1.

11 Provision for Income Tax of Rs. 10, 84,160 has been made for the year 2012-2013 as per Section 115 JB of the Income Tax Act, 1961.

12 Contingent Liabilities:

i) Estimated amount of Contracts remaining to be executed on capi-tal account and not provided for - Rs. Nil ii) Claims against the company not acknowledged as debts-Rs. Nil.

13 Provision for Gratuity

Provisions of Rs. 37405/- has been made on account of Gratuity for the year.

14 The previous period figures, have been re-grouped or re-arranged whenever considered necessary and have been shown in bracket.

---

Mar 31, 2012

Note 1: Corporate information

Duropack Limited is engaged in business of Manufacturing of Flexible laminates pouches and Holograpics Products The company has been incorporated in the year 1986. The company's registered office is in Delhi.

2. Bank Guarantee issued in favour of Asst. Commissioner of custom, Mumbai for Rs. 60000/-. and in favour of the Assessing Authority, sales Tax Department, Rewari for Rs. 200000/- by the company's bankers and counter guaranteed by the company for Rs. 260000/- against which the margin is held by the company's bankers by way of fixed deposits amounting to Rs. 260000/-.

3. In the opinion of the board and the best of their knowledge, the current assets, loans and advances shown in the Balance sheet have a value on realization in the ordinary course of the business at least equal to the amount stated therein.

4. The company's has an export obligation of Rs 10347864 upto 30.10.2015 under EPCG scheme. Duty saved is Rs. 1293483.

5. Sundry Debtors/Creditors balances are subject to confirmation & reconciliation.

6. The Company has been declared Sick Industrial Company u/s 3(1)(o) of the Sick Industrial Company (SP) Act, 1985 Vide BIFR order dated 29-11-2006. The rehabilitation scheme has been sanctioned by Honorable BIFR on 15.12.2009 and is under implementation. SBBJ has been appointed the monitoring agency.

7. Unclaimed Dividend of Rs. 134,492 (f.y.1994-95), Rs. 282,489 (f.y. 1995-96) & 586 (f.y. 1996-97) have not been transferred to the investor education & protection fund as per provision of sec-205 A of the companies act 1956.

8. Deferred tax assets & liabilities are measured using the current tax rates. When there is unabsorbed depreciation or carry forward of losses, deferred tax assets are recognized only to the extent that there is virtual certainty of realization of deferred tax assets. Other deferred tax assets are recognized to the extent, there is reasonable certainty of realization of deferred tax assets. Such deferred tax assets and other unrecognized deferred tax assets are re-assessed at each balance sheet dates and the carrying value of the same are adjusted recognizing the change in the value of each such deferred tax assets.

9. As the company's business activity falls within a single primary business segment viz. "Flexible packaging material, services " and single geographical segment, the disclosure requirement of Accounting Standard (AS-17) "Segment Reporting" notified in the companies (Accounting Standards) Rules, 2006 are not applicable.

10. There are no dues to micro, small and medium enterprises as at 31st March, 2012.

11. Related party disclosures in terms of Accounting Standard 18 issued by the Institute of Chartered Accountants of India are as per Annexure-1.

12. Provision for Income Tax of Rs. 11, 36,720 has been made for the year 2011-2012 as per Section 115 JB of the Income Tax Act, 1961.

13. Contingent Liabilities:

i) Estimated amount of Contracts remaining to be executed on capital account and not provided for - Rs. Nil

ii) Claims against the company not acknowledged as debts - Rs. Nil.

14. Provision for Gratuity Provisions of Rs. 28093/- has been made on account of Gratuity for the year.

15. The previous period figures, have been re-grouped or re-arranged whenever considered necessary and have been shown in bracket.

---

Mar 31, 2010

1 The companys export obligation period has been extended upto 30th Oct 2011 and the contingent liability towards duty saved is Rs. 16,76,483.

2 Bank Guarantee issued in favour of Asst. Commissioner of custom, Mumbai for Rs. 60000/-. and in favour of the Assessing Authority, sales Tax Department, Rewari for Rs 200000/- by the companys bankers and counter guaranteed by the company for Rs.260000/- against which the margin is held by the companys bankers by way of fixed deposits amounting to Rs. 260000/- 3 In the opinion of the board and the best of their knowledge, the current assets, loans and advances shown in the

Balance sheet have a value on realization in the ordinary course of the business at least equal to the amount stated therein.

4 Income tax demand for Rs.8,97,911/- for the A.y.1996-97 was raised by the Income tax Department but the same was disputed by the company and appeal against the said order was filed by the company. The ITAT has partly allowed the appeal in favour of the assessee Company vide their order No.(ITA No.2197/D2000) dated 20.4.07. As per this order and as per our calculation Income Tax demand comes to Rs.9.30 lacs and the company has made provision for the same in the books of accounts. The Company has requested the Department to give the appeal effect & adjust the demand against the income tax deposited with the department.

5 Sundry Debtors/ Creditors balances are subject to confirmation & reconciliation.

6 The Company has been declared Sick Industrial Company u/s 3(1)(o) of the Sick Industrial Company (SP)Act,1985 Vide BIFR order dated 29-11-2006. The rehabilitation scheme has been sanctioned by Honourible BIFR on 15.12.2009 and is under implementation. SBBJ has been appointed the monitoring agency.

7 The company applied to Haryana State Industrial Development Corporation (HSIDC) for OTS settlement. HSIDC agreed to OTS settlement for Rs.165.98 lacs. Vide their letter dated 17th October,2007. The Company has repaid the entire dues under OTS settlement and obtained no dues certificate. The charge of the HSIDC, which was secured by way of first mortgage over the immovable properties and movable properties including the machinery spares ,tools and accessories present and future, has been satisfied. The Company has written back Rs. 91.60 lakhs, the amount over the OTS amount.

8 Further, the balances in current accounts of Rs 95735/- and Rs.13886.67/- with State bank of Bikaner& Jaipur, Mumbai and Rewari respectively are subject to confirmation & reconciliation.

9 Unclaimed Dividend of Rs. 14,837 (f.y.1994-95) ,Rs. 28,862 (f.y. 1995-96) & 14,573 (f.y. 1996-97) is lying with SBBJ –Dividend account have not been transferred to the investor education & protection fund as per provision of sec-205 A of the companies act 1956

10 The previous period figures, have been re-grouped or re-arranged whenever considered necessary and have been shown in bracket.

11 In accordance with the requirement of new Accounting Standard-22 dealing with Accounting for Taxes on Income Issued by The Institute of Chartered Accountants of India, Deferred Tax Assets(Net) for the current year Rs.3,38,252/ - (consisting of mainly depreciation) have been adjusted against deferred tax liability of previous year).

12 Provision for Income tax has not been made as per Sec.115 JB of IT Act, 1961 because the Company is a Sick Industrial Company, under subsection (1) of Section17 of the Sick Industrial Companies Act, 1985(1 of 1986).

13 Related party disclosures in terms of Accounting Standard 18 issued by the Institute of Chartered Accountants of India are as per annexure.

14 Additional Information pursuant to the provision of paragraph 3,4C and 4d of part-II of Schedule V of the Companies Act, 1956.

DUROPACK LIMITED

A. INFORMATION IN RESPECT OF CAPACITY AND CLASS OF GOODS MANUFACTURED

Class of goods

Licensed and installed capacity.

I. Co-extruded multi-layer film

The company is registered with D.G.T.D for manufacture of 2700 MT per annum on triple shift basis.

II. Holographic Film

The company is registered with S.I.A for Manufacture of 200MT per annum on triple shift.

III. Holographic stickers

The company is registered with S.I.A for manufacture of 83333333 Nos per annum on triple shift basis.

IV. Plastic Pouches

The company is registered for manufacture of 400 MT (7,50,00,000 nos) per annum on triple shift

V. Plastic laminated films

The company is registered for manufacture of 250MT per annum on triple shift basis.

---

Mar 31, 2009

1. The company had an export obligation under EPCG which the company was not able to achieve and the liability for the same for Rs. 19,74,336/-(including interest of Rs. 15,24,856/-) was not provided in the books.

2. Bank Guarantee issued in favour of Asst. Commissioner of custom, MumbaiforRs. 60000/ - and in favour of the Assessing Authority, Sales Tax Depaoolent, and Rewari for Rs 200000/ - by the companys bankers and counter guaranteed by the company for Rs.260000/- against which the margin is held by the companys bankers by way of fixed deposits amounting to Rs. 260000/-

3. In the opinion of the board an the best of their knowledge, the current assets, loans and advances shown in the Balance sheet have a value on realization in the ordinary course of the business at least equal to the amount stated therein.

4 (a) Income tax demand for Rs.8,97,911/- For the A.y.1996-97 was raised by the Income tax Department but the same was disputed by the company and appeal against the said order was filed by the company. The ITAT has partly allowed the appeal in favour of the assessee Company vide their order No.(ITA No.2197/D2000) dated 20.4.07. As per this order and as per our calculation Income Tax demand comes to Rs.9.30 lacs and the company has made provision for the same in the books of accounts. The Company has requested the Department to give the appeal effect & adjust the demand against the income tax deposited with the department.

5. Sundry Debtors/ Creditors balance are subject to confirmation & reconciliation.

6. The Company has been declared Sick Industrial Company u/s 3(1)(o)of the Sick Industrial Company (SP)Act,1985 Vide BIFR order dated 29-11-2006. SBBJ, the Operating agency, has submitted the Draft Rehabilitation scheme to Honourable BIFR & the approval of the same is under process.

7. (a) The company applied to Haryana State Industrial Development Corporation (HSIDC) for OTS settlement. HSIDC agreed to OTS settlement for Rs. 165.98 lacs. Vide their letter dated 17,th October,2007. However, the Company has not written back the excess amount over the OTS amount, the same shall be written back only after the OTS amount is repaid by the company.

8. Further, the balances in current accounts of Rs 95735/- and Rs. 13886.67/- with State bank of Bikaner& Jaipur, Mumbai and Rewari respectively are subject to confirmation & reconciliation.

9. Unclaimed Dividend of Rs.432075/- lying with SBBJ -Dividend account have not been transferred to the investor education & protection fund as per provision of sec-205 A of the companies act 1956

10. The previous period figures, have been re-grouped or re-arranged whenever considered necessary and have been shown in bracket.

11. In accordance with the requirement of new Accounting Standard-22 dealing with Accounting for Taxes on Income Issued by The Institute of Chartered Accountants of India, Deferred Tax Assets(Net) for the current year Rs.415483.17/- (consisting of mainly depreciation) have been adjusted against deferred tax liability of previous year).

12. Provision for Income tax has not been madeasperSec.115 JA of IT Act, 1961 because the Company is a Sick Industrial Company. Under subsection (1) of Section17 of the Sick Industrial Companies Act, 1985 (1 of 1986) and the entire net worth of the Company is not equal to nor exceeds the accumulated losses of the company.

13. Additional Information pursuant to the provision of paragraph 3,4C and 4d of part-ll of Schedule V of the Companies Act, 1956.

A. INFORMATION IN RESPECT OF CAPACITY AND CLASS OF GOODS MANUFACTURED

Class of goods: : Licensed and installed capacity.

I. Co-extruded multi-layer film The company is registered with D.G.T.D for manufacture of 2700 MT per annum on triple shift basis.

II. Holographic Film : The company is registered with S.I.Afor Manufacture of 200MT per annum on triple shift. .

III. Holographic stickers : Thecompany is registered with S.I.Afor manufacture of 83333333 Nos per annum on triple shift basis.

IV. Plastic Pouches : The company is registered for manufacture of 400

MT (7,50,00,000 nos) per annum on triple shift

V. Plastic laminated films : The company is registered for manufacture of 250MT per annum on triple shift basis.

** Certified by the management but not certified by the Auditors being the technical matter.