(a) Basis of Preparation
 
 The financial statements have been prepared to comply in all material
 respects in respects with the Notifed accounting standard by Companies
 Accounting Standards Rules, 2006 (as amended) and the relevant
 provisions of the Companies Act, 1956. The financial statements have
 been prepared under the historical cost convention on an accrual basis
 except in case of assets for which provision for impairment is made.
 The accounting policies have been consistently applied by the Company
 and are consistent with those used in the previous year.
 
 (b) Use of estimates
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles requires management to make estimates
 and assumptions that affect the reported amounts of 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 takes substantial period of time to get ready for its
 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.
 
                                           Rate (SLM)
 
 Furniture and Fixtures                      10%
 
 Computers                                   20%
 
 Vehicles                                    20%
 
 office Equipments                           10%
 
 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 term.
 
 (e) Impairment
 
 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 fows are discounted
 to their present value at the weighted average cost of capital.
 
 Goodwill is tested for impairment at the end of each balance sheet date
 and any impairment loss arises is recognized in the Profit and loss
 account.
 
 (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 and Development 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 armortised 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 capitalized at the lower of the fair value 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 fnance
 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, capitalized leased assets are
 depreciated over the shorter of the estimated useful life of the asset
 or the lease term.
 
 Leases where the lessor effectively retains substantially all the risks
 and Benefits of ownership of the leased term are classifed 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
 
 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 classifed as current investments. All other
 investments are classifed 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, 
 components, 
 stores and spares          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.
 
 (l) Revenue Recognition
 
 Revenue is recognized to the extent that it is probable that the
 economic Benefits will fow to the Company and the revenue can be
 reliably measured.
 
 Sale of Goods
 
 Revenue is recognized when signifcant 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.
 
 Income from Services
 
 Revenues from services are recognized as and when the services are
 rendered.
 
 Interest
 
 Revenue is recognized on a time proportion basis taking into account
 the amount outstanding and the rate applicable.
 
 Dividends
 
 Revenue is recognized when the shareholders’ right to receive payment
 is established by the balance sheet date.  Dividend from subsidiaries
 is recognized even if same are declared after the balance sheet date
 but pertains to period on or before the date of balance sheet as per
 the requirement of Schedule VI of the Companies Act, 1956.
 
 (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.
 
 (n) Retirement and other employee Benefits
 
 (i) Retirement Benefits in the form of Provident Fund and
 Superannuation Fund are a defned contribution scheme and the
 contributions to the scheme are charged to the Profit and Loss Account
 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 defned Benefit obligations and are provided
 for on the basis of an actuarial valuation on projected unit credit
 method made at the end of the 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 Profit and
 loss account and are not deferred.
 
 (o) Income taxes
 
 Tax expense comprises of current and deferred. Current income tax is
 measured at the amount expected to be paid to the tax authorities in
 accordance with the Indian Income Tax Act. Deferred income taxes
 refects 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 suffcient 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 suffcient 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 suffcient 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
 suffcient future taxable income will be available.
 
 MAT credit is recognised as an asset only when and to the extent there
 is convincing evidence that the company will pay normal income tax
 during the specifed period. In the year in which the Minimum
 Alternative tax (MAT) credit becomes eligible to be recognized as an
 asset in accordance with the recommendations contained in Guidance Note
 issued by the Institute of Chartered Accountants of India, the said
 asset is created by way of a credit to the Profit and loss account and
 shown as MAT Credit Entitlement. The Company reviews the same at each
 balance sheet date and writes down the carrying amount of MAT Credit
 Entitlement to the extent there is no longer convincing evidence to the
 effect that Company will pay normal Income Tax during the specifed
 period.
 
 (p) 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.
 
 (q) Provisions
 
 A provision is recognised when an enterprise has a present obligation
 as a result of past event; it is probable that an outfow 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.
 
 (r) Cash and Cash Equivalents
 
 Cash and cash equivalents in the balance sheet comprise cash at bank
 and in hand and short-term investments with an original maturity of
 three months or less.
 
 (s) 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 amortized over the vesting period of
 the option on a straight line basis.