(a) Basis of Preparation of Financial Statements
 
 The financial statements have been prepared to comply in all material
 respects with the Accounting Standards notified by Companies
 (Accounting Standards) Rules, 2006, (as amended) and the relevant
 provisions of the Companies Act, 1956 (the Act). 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 and revaluation is carried out. The accounting
 policies have been consistently applied by the Company and except for
 the changes in accounting policy discussed more fully below, 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,
 liabilities, revenue and expenses and disclosure of contingent
 liabilities as on the date of financial statements.  Although these
 estimates are based upon managements best knowledge of current events
 and actions, actual results could differ from those estimates. Any
 revision to accounting estimates is recognized prospectively in future
 periods.
 
 (c) Fixed assets
 
 Fixed assets are stated at cost of acquisition or construction (or
 revalued amounts, as the case may be), 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. Assets acquired under finance lease are recognised at
 the inception of the lease at lower of the fair value or the present
 value of minimum lease payments. The initial direct costs incurred in
 connection with finance leases are recognised as an asset under the
 lease.
 
 (d) Depreciation
 
 Depreciation on fixed assets is provided on straight-line basis in
 accordance with Section 205(2)(b) of the Companies Act, 1956 at the
 rates and in the manner specified in Schedule XIV to the Act, except in
 respect of certain fixed assets where higher rates are applicable
 considering the estimated useful life, which are as follows:
 
 i) Plant and Machinery - 5 years
 
 ii) Furniture, Fixtures and Office Equipments - 5 years
 
 iii) Computers and Computer Software - 4 years
 
 iv) Cost of leasehold land is amortised over the period of lease.
 
 v) Vehicles - 4 years
 
 vi) Assets purchased specifically for projects are depreciated over the
 life of the projects.
 
 (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 assets net selling price and value in use. In
 assessing value in use, the estimated future cash flows are discounted
 to their present value at the weighted average cost of capital.
 
 (f) Investments
 
 Current investments are carried at lower of cost or fair value.
 Long-term investments are carried at cost.  Provision is made to
 recognise a decline, if any, other than temporary in the carrying
 amount of long-term investments.
 
 (g) Inventories
 
 Inventories are valued at cost or net realisable value, whichever is
 lower, except service spares which are valued at cost less amounts
 charged off to revenue over their evaluated useful life. The cost is
 determined on weighted average basis, and includes all costs incurred
 in bringing the inventories to their present location and condition. In
 case of work-in-progress and finished goods, costs also include costs
 of conversion.
 
 (h) 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 sheef date. These are reviewed at
 each balance sheet date and adjusted to reflect the current best
 estimates.
 
 Provision for warranties
 
 The Company accrues provision for estimated future warranty costs based
 upon the historical relationship of warranty claims to sales. The
 Company periodically reviews the adequacy of its product warranties and
 adjusts, if necessary, the warranty percentage and accrued warranty
 provision, for actual experience.
 
 (i) Foreign currency translation
 
 Foreign currency transactions
 
 (i) 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.
 
 (ii) 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; and non-monetary items which are
 carried at fair value or other similar valuation denominated in a
 foreign currency are reported using the exchange rates that existed
 when the values were determined.
 
 (j) 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.
 
 Sale of Goods
 
 Revenue from Products is recognized when the products have been
 dispatched, in accordance with the sales contract/Purchase order from
 customer. Sales include excise duty but excludes sales tax.
 
 Income from Services
 
 Services including installation and commissioning related to products
 supplied or on a stand-alone basis are recognized based on substantial
 completion of services rendered and on completion of the services as
 per the contractual terms.
 
 Maintenance Income is recognized on pro-rata basis over the period of
 the contract as defined in the contractual terms.
 
 Service Income is recognized on performance of the services as defined
 in the contractual terms.
 
 Service Income of a periodical nature which is not accrued during the
 year is disclosed as Unearned Revenue.
 
 Interest
 
 Revenue is recognised on a time proportion basis taking into account
 the amount outstanding and the rate applicable.
 
 Other Income
 
 Other income is accounted on accrual basis except where receipt of
 income is uncertain.
 
 (k) Taxes on Income
 
 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 Act, 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 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 tax assets and deferred tax
 liabilities relate to the taxes on income levied by same governing
 taxation laws. 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.
 
 (I) Leases
 
 Leases where the lessor effectively retains substantially all the risks
 and benefits of ownership of the leased item, 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.
 
 (m) Employee benefits
 
 1) Post-employment Benefits a) Defined Benefit Plans:
 
 Funded Plans:
 
 The Company has defined benefit plans for Post-employment benefits in
 the form of:
 
 (i) Gratuity for all employees which is administered through Life
 Insurance Corporation of India.  Liability for Gratuity is provided on
 the basis of valuation, as at the Balance Sheet date, carried out by an
 independent actuary. The actuarial method used for measuring the
 liability is the Projected Unit Credit method.
 
 (ii) Provident Fund for all employees which is administered through
 Company managed trust. The Company has an obligation to make good the
 shortfall, if any, between the return from the investments of the trust
 and the notified interest rate. The Companys contribution and such
 shortfall are charged to Profit and Loss Account as and when incurred.
 
 2) Other Long-term Employee Benefits:
 
 Liability for Compensated Absences is provided on the basis of
 valuation, as at the Balance Sheet date, carried out by an independent
 actuary. Encashment of leave benefit is payable on death whilst in
 service, withdrawal from service such as resignation, termination or
 early retirement or from retirement from service at normal retirement
 date. In view of increase in salary taking place, salary growth rates
 have been used to project the salary at the time when encashment of
 leave is assumed to take place.  The assumptions with regard to
 Mortality rates, Withdrawal rates and Retirement age have been used to
 construct a suitable multiple decrement service/mortality table which
 determines the expected time when leave encashment is likely to take
 place. The accumulated leave may be reduced on account of in-service
 utilization or encashment if permissible under the rules of leave
 encashment, or increase on account of leave entitlement every year.
 
 The effect of in service utilization or encashment and entitlement will
 be reflected in year to year balance and the liability will be adjusted
 accordingly at every periodic actuarial valuation.
 
 3) Termination benefits are recognised as an expense as and when
 incurred.
 
 4) The actuarial gains and losses arising during the year are
 recognised in the Profit and Loss Account of the year without resorting
 to any amortisation.
 
 (n) 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 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.
 
 (o) Cash and Cash equivalents
 
 Cash and cash equivalents for the purposes of cash flow statement
 comprise cash at bank and in hand and short-term investments with an
 original maturity of three months or less.