1) Basis of Accounting :
 
 The Financial Statements are prepared as per historical cost convention
 and in accordance with the Generally Accepted Accounting Principles
 (GAAP) in India, the provisions of the Companies Act 1956, and the
 applicable Accounting Standards notified under the Companies
 (Accounting Standards) Rules, 2006. All Income and Expenditures having
 material bearing on the Financial Statements are recognized on accrual
 basis.
 
 2) Use of Estimates :
 
 The presentation of the Financial Statements in conformity with the
 Generally Accepted Accounting policies requires, the management to make
 estimates and assumptions that affect the reported amount of Assets and
 Liabilities, Revenues and Expenses and disclosure of contingent
 liabilities. Such estimation and assumptions are based on management''s
 evaluation of relevant facts and circumstances as on date of Financial
 Statements. Difference between the actual results and estimates are
 recognized in the period in which the results are known / materialized.
 
 3) Revenue Recognisation :
 
 Sales are stated net of rebate and trade discount and excludes Central
 Sales Tax and State Value Added Tax. With regard to sale of products,
 income is reported when practically all risks and rights connected with
 the ownership have been transferred to the buyers.  This usually occurs
 upon dispatch, after the price has been determined.
 
 Export Benefits (Pass Book Credit) are accounted / recognized as and
 when utilized / sold by the Company.
 
 Dividend on Financial Instruments are recognized as and when realized.
 Interest on deposits is recognized on accrual basis.
 
 4) Fixed Assets :
 
 Tangible Fixed Assets acquired by the Company are reported at
 acquisition value, with deductions for accumulated depreciation and
 impairment losses, if any. The acquisition value includes the purchase
 price (excluding refundable taxes), and expenses directly attributable
 to assets to bring it to the factory and in the working condition for
 its intended use. Where the construction or development of any such
 asset requiring a substantial period of time to set up for its intended
 use, is funded by borrowings if any, the corresponding borrowing cost
 are capitalized up to the date when the asset is ready for its intended
 use.
 
 Intangible Assets are reported at acquisition value with deductions for
 accumulated amortization and any impairment losses.
 
 Capital work in progress includes cost of assets at sites and
 construction expenditure.
 
 5) Depreciation :
 
 Depreciation has been provided on Fixed Assets on Straight Line Method
 as per the rates specified in Schedule XIV of the Companies Act, 1956
 as amended from time to time.
 
 Amortization of intangible assets takes place on a Straight Line basis
 over the assets anticipated useful life. The useful life is determined
 based on the period of the underline contract and the period of time
 over which the intangible assets is expected to be used.
 
 6) Impairment of Assets :
 
 The carrying value of assets of the Company''s cash generating units are
 reviewed for impairment annually or more often if there is an
 indication of decline in value. If any indication of such impairment
 exists, the recoverable amounts of those assets are estimated and
 impairment loss is recognized, if the carrying amount of those assets
 exceeds their recoverable amount. The recoverable amount is the greater
 of the net selling price and their value in use. Value in use is
 arrived at by discounting the estimated future cash flows to their
 present value based on appropriate discount factor. Net Selling price
 is the estimated selling price in the ordinary course of business, less
 estimated cost of completion and to make the sales.
 
 7) Investments :
 
 Investments are classified as Long Term & Current Investments. Long
 Term Investments are valued at cost less provision for diminution other
 than temporary, in value, if any. Current Investments are valued at
 cost or fair value whichever is lower.
 
 8) Inventories :
 
 Inventories of Raw Materials and Stores are valued at cost or net
 realizable value whichever is lower after considering the credit of VAT
 and Cenvat and stock in transit and stock lying at third party Premises
 are valued at cost.
 
 Inventories of Work in Process are valued at lower of cost or net
 realizable value.
 
 Inventories of Finished Goods are valued at cost or net realizable
 value whichever is lower. Cost of Finished Goods and Work-in- Progress
 are determined using the absorption costing principles. Costs include
 the cost of materials consumed, labour and a systematic allocation of
 variable and fixed production overheads, Excise duties at the
 applicable rates are also included in the cost of Finished Goods.
 
 9) Employee Benefit :
 
 (a) Short Term
 
 Short Term employee benefits are recognized as an expense at the
 undiscounted amount expected to be paid over the period of services
 rendered by the employees to the company.
 
 (b) Long Term
 
 The Company has both defined contribution and defined benefit plans, of
 which some have assets in approved funds. These plans are financed by
 the Company in the case of defined contribution plans.
 
 (c) Defined Contribution Plans
 
 These are plans in which the Company pays pre-defined amounts to
 separate funds and does not have any legal or informal obligation to
 pay additional sums. These comprise of contributions to Employees
 Provident Fund. The Company''s payments to the defined contribution
 plans are reported as expenses during the period in which the employee
 perform the services that the payment covers.
 
 (d) Defined Benefit Plans
 
 Expenses for defined benefit gratuity payment plans are calculated as
 at the balance sheet date by independent actuaries in the manner that
 distributes expenses over the employees working life. These commitments
 are valued at the present value of the expected future payments, with
 consideration for calculated future salary increases, using a
 discounted rate corresponding to the interest rate estimated by the
 actuary having regard to the interest rate on Government Bonds with a
 remaining term i.e.  almost equivalent to the average balance working
 period of employees.
 
 (e) Other Employee Benefit
 
 Compensated absences which accrue to employees which can be carried to
 future periods but are expected to be encashed or availed in twelve
 months immediately following the year end are reported as expenses
 during the year in which the employees perform the services that the
 benefit covers and the liabilities are reported at the undiscounted
 amount of the benefits after deducting amounts already paid.
 
 10) Central Excise Duty :
 
 Excise duty is accounted on the basis of payments made in respect of
 goods cleared.
 
 11) Foreign Currency Transactions :
 
 Transactions in foreign currencies are translated to the reporting
 currency based on the exchange rate on the date of the transaction.
 Exchange differences arising on settlement thereof during the year are
 recognized as income or expenses in the Profit and Loss Account.
 
 Cash and bank balances, receivables and liabilities (monetary items) in
 foreign currencies as at the year end are translated at closing-date
 rates, and unrealized translation differences are included in the
 Profit and Loss Account.
 
 Investments in foreign currency (non-monetary items) are reported using
 the exchange rate at the date of the transaction.
 
 The Company enters into derivative contracts strictly for hedging
 purposes and not for trading or speculation. Derivative transactions
 are being considered as off balance sheet date transactions and
 accordingly the gains/ losses arising there from are recognized under
 respective heads of accounts as and when the settlement takes place
 with the terms of the respective contracts.
 
 12) Borrowing Cost :
 
 Borrowing costs are recognized in the period to which they relate,
 regardless of how the funds have been utilized, except where it relates
 to the financing of construction or development of assets requiring a
 substantial period of time to prepare for their intended future use.
 Interest on borrowings if any is capitalized upto the date when the
 asset is ready for its intended use. The amount of interest capitalized
 for the period is determined by applying the interest rate applicable
 to appropriate borrowings.
 
 13) Earning per Share :
 
 Basic earning per share is calculated by dividing the net profit after
 tax for the year attributable to Equity Shareholders of the Company by
 the weighted average number of Equity Shares outstanding during the
 year. Diluted earning per Share is calculated by dividing net profit
 attributable to equity Shareholders (after adjustment for diluted
 earnings) by average number of weighted equity shares outstanding
 during the year.
 
 14) Provisions and Contingencies :
 
 A provision is recognized when the Company has a present legal or
 constructive obligation as a result of past event and it is probable
 that an outflow of resources will be required to settle the obligation,
 in respect of which reliable estimate can be made. Provisions
 (excluding long term benefits) are not discounted to its present value
 and are determined based on best estimate required to settle the
 obligation at the balance sheet date. These are reviewed at each
 balance sheet date and adjusted to reflect the current best estimates.
 Contingent liabilities are not recognized but are disclosed in the
 notes to the Financial Statements. A contingent asset is neither
 recognized nor disclosed.
 
 15) Product Warranty Expenses :
 
 Product warranty expenses are determined based on Company''s historical
 experience and estimates are accrued in the year of Sale.
 
 16) Taxation on Income :
 
 (a) Provision for Current Tax is made as per the provisions of the
 Income Tax Act, 1961.
 
 (b) Deferred Tax resulting from timing differences that are temporary
 in nature between accounting and taxable profit is accounted for,
 using the tax rates and laws that have been enacted as on the Balance
 Sheet date. The deferred tax asset is recognized and carried forward
 only to the extent that there is a reasonable or virtual certainty, as
 the case may be, that the asset will be realised in future.
 
 17) Cash Flow Statement :
 
 The Cash Flow Statement is prepared by the indirect method set out in
 Accounting Standard 3 on Cash Flow Statements and presents the cash
 flows by operating, investing and financing activities of the Company.
 
 Cash and Cash equivalents presented in the Cash Flow Statement consist
 of cash on hand and demand deposits with banks.