1. Corporate Information;

Victory Paper and Board India LTD is public limited company originally incorporated under the Companies Act 1956 on 9th December 1994, with registered office at Kunnamkulam and factory at Palakkad Dt. The company was engaged in manufacturing paper and paper products. Due to labour problem the company was not doing manufacturing activities from 20G9D . As a result they have sold the stock in trade and also most of the plant and machinery.

During the year 2017-18, the company is taken over by the present arrangement, belonging to Anna Group of Companies, Kizhakkampalam at Aluva, ErirakuDt. Commercial activities have not started yet. The company was listed in Mumbai exchange and the equity share capital was raised from public which then was suspended During the year 207-B, the company was again listed.

The financial statement was authorized by the board of directors for income in accordance with resolution passed on -SD-2DB.

Rights ,Preferences & Restrictions attached to Equity shares.

The Equity shares of the company having par value of Rs.10/- per share rank pari-pasu in all respects including voting rights, entitlement to dividend and repayment of capital

1) there are no micro, small and medium enterprises to whom the company owes dues, which are outstanding for more than45 days as at 31st march,2018. this information as required to be disclosed under the micro, small and medium enterprise development act, 2006 has been determined to the extend such parties have been identified on the basis of information available with the company.

2) Trade payables are subject to confirmation and reconciliation.

3) The company has received a demand of Rs. 33,29,625/- from Kerala Commercial Taxes Department on account of disputed sales tax collected by the company. The company has disputed the demand before the Hon; High Court of Kerala and a favourable order has been received on 02.03.2012. We received a favourable decision from Director of Industries and Commerce and the same forwarded to Kerala Commercial taxes for further decision.

Note 2 Deferred Tax

In consideration of the past record of the company and the prevailing uncertainty, no deferred tax assets h recognized on prudent basis as per the Accounting Standard 22 on 'Accounting for taxes on income'.

Note 3 Other Notes

The company has not made any import of Raw material, Components and spares and Capital Goods during.

The company has not incurred any expenditure in foreign currency during the year.

The company has not paid any dividend in foreign currencies during the year to Non-resident shareholders.