a) Basis of Accounting
 
 The accounting of the company are prepared under the historical cost
 convention and are in accordance with the applicable accounting
 slandered and accounting actual basis of accounting is followed for
 recognition of income and expenses except where otherwise stated and
 where the exact quantum is not ascertainable. Expenditure on issue of
 share capital if any is accounted when actually incurred.
 
 b) Revenue Recognition
 
 (i) Sales and job work are recognized at the time of invoicing thereof
 up on the passage of title to the customers, clients, Experts sales are
 recognised according to the date of bill of loading or the Airways Bill
 as the case may be as adjusted by the
 
 (ii) Actual realization if within one year.
 
 (iii) Local sales are recorded at the price inclusive of excise duty
 and freight wherever separately not collected.
 
 c) Fixed Assets
 
 Fixed Assets are stated all capitalized costs relating and attributable
 directly or indirectly to acquisition and installation thereof as
 reduced by the depreciation thereon.
 
 d) Depreciation / Amortization
 
 Depreciation/ Amortization on Fixed assets, other than Freehold land is
 provided on written down value method at the rates specified in
 Schedule XIV to the companies Act, 1956 (as amended)
 
 e) Inventories
 
 Inventories are valued as follows :
 
 (i) Raw materials, stores and Spares at cost.
 
 (ii) Work in progress at tower of estimated cost or net realizable
 value.
 
 (iii) Waste Materials, Damaged goods Script if any at net estimated
 realizable value.
 
 (iv) Finished goods at lower of cost or market value.
 
 f) Investments
 
 Investments that are interested to be held for more than a year from
 the date of acquisition are classified as long term investments are
 carried at cost less any provision for permanents value. Investments
 other than long term investments are being current investments are
 being investments are valued at the cost or fair market value whenever
 is lower.
 
 g) Assets & Liabilities
 
 The Assets and Liabilities are taken at the book value certified by the
 Directors.
 
 h) Foreign Currency Transactions
 
 Foreign Currency Transactions are normally recorded at the exchange
 rate prevailing on the Date of transaction or envision, as the case may
 be.
 
 i) Taxes on Income
 
 (i) Current Tax
 
 Provision for Income Tax determined in accordance with the provisions
 for Income Tax Act, 1961.
 
 (ii) Differed Tax Provision
 
 Differed Tax as recognized on timing differences between the accounting
 income and the taxable income for the year, and qualified using the tax
 rates and laws effected or substantially effected on the Balance Sheet
 date. Differed Tax Assets are recognized and carried forward to the
 extent that there is a reasonable certainty that sufficient future
 taxable income will be available against which such Differed Tax Assets
 can realize.
 
 j) Miscellaneous Expenditure
 
 Preliminary expenses / shares and deferred revenue expenses etc., if
 any are amortized over a period of 5 years.