Basis of preparation
 
 The financial statements are prepared under the historical cost
 convention, in accordance with the Indian Generally Accepted Accounting
 Principles (GAAP), Accounting Standards prescribed under the Companies
 (Accounting Standards) Rules, 2006, pronouncements of the Institute of
 Chartered Accountants of India (ICAI) and the provisions of the
 Companies Act, 1956, and NBFC (Non-deposit accepting or holding)
 companies prudential norms (Reserve Bank) Directions, 2007, as adopted
 consistently by the Company.
 
 The preparation of financial statements requires management to make
 estimates and assumptions that affect the reported amounts of assets
 and liabilities, the disclosure of that affect the reported amounts of
 assets and liabilities, the disclosure of contingent liabilities on the
 date of the financial statements and the reported amounts of revenues
 and expenses during the period reported.  Actual results could differ
 from those estimates. Any revision to accounting estimates is
 recognised in accordance with the requirements of the respective
 accounting standards.
 
 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.
 
 Revenue from services
 
 Revenue from services rendered is recognised as the service is
 performed based on agreements / arrangements with the concerned
 parties.
 
 Dividends
 
 Revenue is recognised when the shareholders'' right to receive payment
 was established during the accounting year.
 
 Interest
 
 Revenue is recognised on a time proportion basis taking into account
 the amount outstanding and the rate applicable.
 
 Retirement and other Employees Benefits
 
 i) Retirement benefits in the form of Provident fund and Family Pension
 fund is a defined contribution scheme and the contributions are charged
 to the profit and loss account for the year when the contributions to
 the respective funds are due. There are no other obligations other than
 the contributions payable to the respective funds.
 
 ii) Gratuity is a defined benefit obligation. The company has taken
 group gratuity scheme with TATA AIG Insurance Co.  Limited to cover the
 gratuity liability of the employees.  Gratuity liability is accrued and
 provided for on the basis of an actuarial valuation on the projected
 unit credit method made at the end of the financial year.
 
 iii) The Company makes a provision in its books for liability towards
 encashment of leave lying to the credit of employee as on the last day
 of current financial year, subject to the maximum period of leave
 allowable by the company, as if all employees are retiring on the
 Balance Sheet date. Leave Encashment liability is incurred and provided
 for on the basis of actuarial valuation made at the end of the
 financial year.
 
 iv) Actuarial gains / losses are debited to profit and loss account and
 are not deferred.
 
 Fixed Assets
 
 Fixed assets are stated at cost and other incidental expenses, less
 accumulated depreciation and impairment losses. Cost comprises the
 purchase price and any attributable cost such as duties, freight,
 borrowing costs, erection and commissioning expenses incurred in
 bringing the assets to its working condition for its intended use.
 
 Depreciation
 
 Depreciation on all the assets of the company is provided on straight
 line method at rates provided in Schedule XIV to the Companies Act,
 1956. Depreciation on assets costing upto Rs.5,000/- are depreciated at
 the rate of 100% on pro-rata basis except those which constitute more
 than 10% of the aggregate actual cost of Plant & Machinery, on which
 the applicable rate of depreciation is charged. Depreciation on
 additions to assets or on sale / adjustments of assets is calculated
 pro-rata from the date of such addition or up to the date of such sale
 / adjustment. Intangible assets are recorded at cost and amortised over
 the period the Company expects to derive economic benefits from their
 use.
 
 Investments
 
 Investments are classified into long-term investments and current
 investments based on intent of the management at the time of making the
 investment. Investments intended to be held for more than one year are
 classified as long-term investments. Current investments are valued at
 lower of cost or market value. The diminution in current investments is
 charged to the profit and loss account; appreciation, if any, is
 recognised at the time of sale.  Long-term investments, including
 investments in subsidiaries, are valued at cost unless there is
 diminution, other than temporary, in their value. Diminution is
 considered other than temporary based on criteria that include the
 extent to which cost exceeds the market value, the duration of the
 market value decline and the financial health of and specific prospects
 of the issuer.
 
 Taxation
 
 Income tax expense is recognised in accordance with Accounting Standard
 22 prescribed under the Companies (Accounting Standards) Rules, 2006.
 Income tax expense comprises current tax and deferred tax. Current tax
 expense is the amount of tax for the period determined in accordance
 with the income-tax law and deferred tax charge or credit reflects the
 tax effects of timing differences between accounting income and taxable
 income for the period. The deferred tax charge or credit and the
 corresponding deferred tax liabilities or assets are recognised using
 the tax rates that have been enacted or substantively enacted by the
 balance sheet date. Deferred tax assets are recognised only to the
 extent there is reasonable certainty that the assets can be realised in
 future; however, where there is unabsorbed depreciation or carried
 forward loss under taxation
 
 laws, deferred tax assets are recognised only if there is a virtual
 certainty of realisation of such assets. Deferred tax assets are
 reviewed as at each balance sheet date and written down or written-up
 to reflect the amount that is reasonably / virtually certain (as the
 case may be) to be realised.
 
 Provisions and Contingent Liability
 
 A provision for losses arising from claims, litigation, assessments,
 fines, penalties, etc., is recognised when the Company has a present
 obligation as a result of a past events; it is probable that an outflow
 of resources embodying economic benefits will be required to settle the
 obligation; and a reliable estimate can be made of the amount of the
 obligation. A contingent liability is disclosed unless the possibility
 of an outflow of resources embodying economic benefits is remote.
 
 Earnings per share
 
 In accordance with Accounting Standard 20 prescribed under the
 Companies (Accounting Standards) Rules, 2006, basic earning per share
 is computed using the weighted average number of equity shares
 outstanding during the year. Diluted earnings per share is computed
 using the weighted average number of equity and dilutive potential
 shares outstanding during the year, except where the results would be
 anti-dilutive.
 
 Operating leases taken
 
 Lease payments under operating lease are recognised as an expense on a
 straight line basis over the lease term.
 
 Segmental reporting
 
 i) Segments are identified by the management, keeping in view the
 dominant source and nature of risks and returns and the internal
 organization and management structure.
 
 ii) Revenue and expenses have been identified to a segment on the basis
 of relationship to the operating activities of the segment.
 
 iii) Revenue and expenses, which relate to the company as a whole and
 are not allocable to a segment on reasonable basis, have been disclosed
 as ‘Unallocable''.
 
 iv) Segment assets and liabilities represent assets and liabilities in
 respective segments. Tax related assets, and other assets and
 liabilities that are not reported or cannot be allocated to a segment
 on a reasonable basis, have been disclosed as ‘Unallocable''.