(a) Presentation and disclosure of financial statements
 
 During the year ended 31st December 2012, the revised Schedule VI
 notified under the Companies Act 1956, has become applicable to the
 company, for preparation and presentation of its financial statements.
 The company has also reclassified the previous year figures in
 accordance with the requirements applicable in the current year.
 
 (b) Use of estimates
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles requires management to make judgments,
 estimates and assumptions that affect the reported amounts of revenues,
 expenses, assets and liabilities and disclosure of contingent
 liabilities at the date of the financial statements and the results of
 operations during the reporting year end. Although these estimates are
 based upon management''s best knowledge of current events and actions,
 actual results could differ from these estimates.
 
 (c) Fixed Assets
 
 Fixed assets are stated at cost, less accumulated depreciation and
 impairment losses if any. Cost comprises the purchase price and any
 attributable cost of bringing the asset to its working condition for
 its intended use.  Borrowing costs relating to acquisition of fixed
 assets which take substantial period of time to get ready for intended
 use are also included to the extent they relate to the period till such
 assets are ready to be put to use.
 
 (d) Depreciation
 
 Depreciation on building and plant and machinery is provided for in the
 accounts on straight line method in accordance with the rates
 prescribed in Schedule XIV of the Companies Act, 1956.
 
 Depreciation on other assets is provided using the Straight Line Method
 as per the useful life of the assets estimated by the management, or at
 the rates prescribed under Schedule XIV of the Companies Act, 1956
 whichever is higher.
 
 Individual fixed assets costing less than Rs. 5,000 are fully
 depreciated in the year of purchase.
 
 Lease hold improvements are depreciated over the period of lease which
 is generally ten years.
 
 (e) Impairment of tangible and intangible assets
 
 The carrying amounts of assets are reviewed at each balance sheet date
 if there is any indication of impairment based on internal/external
 factors. An impairment loss is recognized wherever the carrying amount
 of an asset exceeds its recoverable amount. The recoverable amount is
 the greater of the asset''s net selling price and value in use. In
 assessing value in use, the estimated future cash flows are discounted
 to their present value using a pre-tax discount rate that reflects
 current market assessments of the time value of money and risks
 specific to the asset.
 
 Goodwill is tested for impairment at the end of each balance sheet date
 and any impairment loss arises is recognized in the statement of profit
 and loss.
 
 (f) Intangible Assets
 
 Costs relating to intangible assets, which are acquired, are
 capitalised and amortised on a straight-line basis over their useful
 lives.
 
                          Useful life
 
 Technical Knowhow        10 years
 
 Technology License Fees   5 years 
 
 Germ Plasm               10 years
 
 Software                 10 years
 
 Trade Marks / Brands     10 years
 
 Goodwill arising on acquisition of business is not amortised
 
 (g) Research and Development
 
 Research expenditure is charged to revenue in the year in which it is
 incurred. Development expenditure is carried forward when its future
 recoverability can reasonably be regarded as assured and is amortised
 over the period of expected future benefit.
 
 (h) Leases 
 
 Where the Company is the Lessee
 
 Finance leases, which effectively transfer to the Company substantially
 all the risks and benefits incidental to ownership of the leased item,
 are capitalised at the lower of the fair value of the leased property
 and present value of the minimum lease payments at the inception of the
 lease term and disclosed as leased assets.  Lease payments are
 apportioned between the finance charges and reduction of the lease
 liability based on the implicit rate of return. Finance charges are
 charged directly against income. Lease management fees, legal charges
 and other initial direct costs are capitalised.
 
 If there is no reasonable certainty that the Company will obtain the
 ownership by the end of the lease term, capitalised leased assets are
 depreciated over the shorter of the estimated useful life of the asset
 or the lease term.
 
 Leases where the lesser effectively retains substantially all the risks
 and benefits of ownership of the leased term are classified as
 operating leases. Operating lease payments are recognized as an expense
 in the Profit and Loss account on a straight-line basis over the lease
 term.
 
 (i) Government Grants
 
 Grants from the government are recognized when there is reasonable
 assurance that the grant will be received and all attached conditions
 will be complied with.
 
 When the grant relates to an expense item, it is recognized as income
 over the periods necessary to match them on a systematic basis to the
 costs, which it is intended to compensate.
 
 Government grants received in the nature of Investment Subsidy are
 treated as Capital Reserve.
 
 (j) Investments
 
 Investments that are readily realisable and intended to be held for not
 more than a year are classified as current investments. All other
 investments are classified as long-term investments. Current
 investments are carried at lower of cost and fair value determined on
 an individual investment basis. Long-term investments are carried at
 cost. However, provision for diminution in value is made to recognise a
 decline other than temporary in the value of the investments.
 
 (k) Inventories Inventories are valued as follows:
 
 Raw materials, Packing Materials:
 
 Lower of cost and net realizable value. However, materials and other
 items held for use in the production of inventories are not written
 down below cost if the finished products in which they will be
 incorporated are expected to be sold at or above cost. Cost is
 determined on a moving weighted average basis.
 
 Work-in-progress and finished goods:
 
 Lower of cost and net realizable value Cost includes direct materials
 and labour and a proportion of manufacturing overheads based on normal
 operating capacity. Cost is determined on standard cost basis.
 
 Net realizable value is the estimated selling price in the ordinary
 course of business, less estimated costs of completion and estimated
 costs necessary to make the sale.
 
 In case of a contract where company has a firm commitment, company has
 recognised inventory of agricultural crop at net realisable value.
 
 (l) Revenue Recognition
 
 Revenue is recognized to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue can be
 reliably measured.
 
 i Revenue from sale of goods is recognized when significant risks and
 rewards of ownership of the goods have passed to the buyer which
 generally coincides with dispatch of goods (including sale of remnants)
 to the customer. The sales are net of sales return and expected sales
 return.
 
 ii Income from services are recognized as and when the services are
 rendered.
 
 iii Interest is recognized on a time proportion basis taking into
 account the amount outstanding and the rate applicable.
 
 iv Dividend is recognized when the shareholders'' right to receive
 payment is established by the balance sheet date.
 
 v Royalty is recognised on an accrual basis in accordance with the
 terms of the relevant agreement.
 
 (m) Foreign Exchange Translation/Currency Transaction Initial
 Recognition
 
 Foreign currency transactions are recorded in the reporting currency,
 by applying to the foreign currency amount the exchange rate between
 the reporting currency and the foreign currency at the date of the
 transaction.
 
 Conversion
 
 Foreign currency monetary items are reported using the closing rate.
 Non-monetary items which are carried in terms of historical cost
 denominated in a foreign currency are reported using the exchange rate
 at the date of the transaction.
 
 Exchange Differences
 
 Exchange differences arising on the settlement of monetary items or on
 reporting monetary items of company at rates different from those at
 which they were initially recorded during the year, or reported in
 previous financial statements, are recognized as income or as expenses
 in the year in which they arise except those arising from investments
 in non-integral operations.
 
 Exchange differences arising on a monetary item that, in substance,
 form part of the company''s net investment in a non-integral foreign
 operation is accumulated in a foreign currency translation reserve in
 the financial statements until the disposal of the net investment, at
 which time they are recognized as income or as expenses. Exchange
 differences arising on the settlement of monetary items not covered
 above, or on reporting such monetary items of company at rates
 different from those at which they were initially recorded during the
 year, or reported in previous financial statements, are recognized as
 income or as expenses in the year in which they arise.
 
 Exchange difference arising on financing activities are reflected under
 finance cost.
 
 (n) Derivative Instruments
 
 As per the ICAI announcement, accounting for derivative contracts,
 other than those covered under AS 11, are marked to market on a
 portfolio basis, and the net loss is charged to the statement of profit
 and loss. Net gains are ignored.
 
 (o) Retirement and other employee Benefits
 
 (i) Retirement benefits in the form of Provident Fund and
 Superannuation Fund are a defined contribution scheme and the
 contributions to the scheme are charged to the statement of Profit and
 Loss of the year when the contributions to the respective funds are
 due. The Superannuation Fund scheme is funded with an insurance company
 in the form of a qualifying insurance policy.
 
 (ii) Gratuity liability is defined benefit obligations and are provided
 for on the basis of an actuarial valuation on projected unit credit
 method made at the end of each financial year.
 
 (iii) Short term compensated absences are provided for on based on
 estimates. Long term compensated absences are provided for based on
 actuarial valuation. The actuarial valuation is done as per projected
 unit credit method
 
 (iv) Actuarial gains / losses are immediately taken to the statement of
 profit and loss and are not deferred.
 
 (p) Taxation
 
 Tax expense comprises of current and deferred tax. Current income tax
 is measured at the amount expected to be paid to the tax authorities in
 accordance with the Income Tax Ac,1961 enacted in India. Deferred
 income taxes reflects the impact of current year timing differences
 between taxable income and accounting income for the year and reversal
 of timing differences of earlier years.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balance sheet date. Deferred
 tax assets are recognised only to the extent that there is reasonable
 certainty that sufficient future taxable income will be available
 against which such deferred tax assets can be realised.  In situations
 where the company has unabsorbed depreciation or carry forward tax
 losses, all deferred tax assets are recognised only if there is virtual
 certainty supported by convincing evidence that they can be realised
 against future taxable profits.
 
 At each balance sheet date the Company re-assesses unrecognised
 deferred tax assets. It recognises unrecognised deferred tax assets to
 the extent that it has become reasonably certain or virtually certain,
 as the case may be, that sufficient future taxable income will be
 available against which such deferred tax assets can be realised.
 
 The carrying amount of deferred tax assets are reviewed at each balance
 sheet date. The company writes- down the carrying amount of a deferred
 tax asset to the extent that it is no longer reasonably certain or
 virtually certain, as the case may be, that sufficient future taxable
 income will be available against which deferred tax asset can be
 realised. Any such write-down is reversed to the extent that it becomes
 reasonably certain or virtually certain, as the case may be, that
 sufficient future taxable income will be available.
 
 (q) Earnings Per Share
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders (after
 deducting preference dividends and attributable taxes) by the weighted
 average number of equity shares outstanding during the period.
 
 For the purpose of calculating diluted earnings per share, the net
 profit or loss for the period attributable to equity shareholders and
 the weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilutive potential equity shares.
 
 (r) Provisions
 
 A provision is recognised when an enterprise has a present obligation
 as a result of past event; it is probable that an outflow of resources
 will be required to settle the obligation, in respect of which a
 reliable estimate can be made. Provisions are not discounted to its
 present value and are determined based on best estimate required to
 settle the obligation at the balance sheet date. Contingent Liabilities
 are not recognized but are disclosed in the Notes. Contingent Assets
 are neither recognized nor disclosed in the financials statements.
 
 (s) Cash and Cash Equivalents
 
 Cash and cash equivalents on the balance sheet comprise cash at bank
 and in hand and short-term investments with an original maturity of
 three months or less.
 
 (t) Borrowing Costs
 
 All borrowing costs are expensed in the period they occur. Borrowing
 costs consist of interest and other costs that an entity incurs in
 connection with the borrowing of funds.
 
 (u) Employee Stock Compensation Cost
 
 Measurement and disclosure of the employee share-based payment plans is
 done in accordance with SEBI (Employee Stock Option Scheme and Employee
 Stock Purchase Scheme) Guidelines, 1999 and the Guidance Note on
 Accounting for Employee Share-based Payments, issued by the Institute
 of Chartered Accountants of India. The Company measures compensation
 cost relating to employee stock options using the intrinsic value
 method. Compensation expense is amortised over the vesting period of
 the option on a straight line basis.
 
 (v) Segment Reporting Policies Identification of segments:
 
 Segments are identified in line with AS 17 Segment Reporting, taking
 into consideration the internal organization and management structure
 as well as the differential risk and returns of the segment.
 
 Based on the Company''s business model, research, production and
 distribution of Hybrid seeds have been considered as the only
 reportable segment and hence no separate financial disclosure is
 provided in respect of its single business segment.
 
 Segment Policies:
 
 The Company prepares its segment information in conformity with the
 accounting policies adopted for preparing and presenting the financial
 statements of the company as a whole.