a) Basis of Accounting
 
 The financial statements are prepared under the historical cost
 convention on an accrual basis of accounting in accordance with the
 Generally Accepted Accounting Principles (GAAP), Accounting Standards
 Issued by the Institute of Chartered Accountants of India,as
 applicable, and the relevant provisions of the CompaniesAct, 1956.
 
 b) Use ofEstimates
 
 The preparation of financial statements requires estimates and
 assumptions to be made that affect the reported amount of assets and
 liabilities on the date of the financial statements and the reported
 amount of revenues and expenses during the reported period. Difference
 between the actual results and the estimates are recognized in the
 period in which the results are known/ materialized.
 
 c) Revenue recognition
 
 The Company follows mercantile system of the accounting and recognises
 income and expenditure on accrual basis except those with significant
 uncertainties.
 
 d) Fixed Assets
 
 i) Fixed Assets
 
 Fixed assets are stated at cost of acquisition or construction, net of
 tax /duty credit availed if any, including any cost attributable for
 bringing the assets toits working condition for its intended use,less
 depreciation (except freehold land).
 
 ii) Capital Expenditure
 
 Assets under erection/installation and advance given for Capital
 Expenditure are shown as Capital work in progress, Expenditure during
 construction period are shown as pre-operative expenses to be
 capitalized on erection/installations of the assets.
 
 iii) Leasehold Land
 
 CostofLease hold landisamortized over the periodoflease.
 
 e) Depreciation
 
 Depreciationon fixed assetsisprovidedonstraight line method atthe rates
 and inthe manner specifiedinSchedule XIVtothe Companies Act, 1956.
 Depreciation on assets added/disposed off during the year has been
 provided on pro-rata basis with reference to the date of addition /
 disposal, except for low value items costing Rs. 5,000/- or less are
 written off fully in the year of purchase.
 
 f) Intangible Assets
 
 The cost of acquisition of trademark is amortized over a period of 10
 years. The cost of software acquired for internal use are amortized
 overaperiod of 3yearsor useful lifeofthe software, which ever is
 shorter.
 
 g) Borrowing cost
 
 Borrowing cost attributable to the acquisition and constructions of
 assets are capitalised as part of the cost of such asset upto the date
 when such assetis ready for its intended use. Other borrowing costs are
 charged to Profit and Loss Account.
 
 h) Valuation of inventories
 
 Inventories are valued at lower of cost or net realisable value, except
 scrap is valued at net realisable value. Cost of inventory is arrived
 at by using Moving Average Price Method. Cost of inventory is generally
 comprises of cost of purchases, cost of conversion and other cost
 incurredin bringing the inventoriestotheir present location and
 condition.
 
 i) Export Incentive
 
 The Export incentives are accounted for on accrual basis taking into
 account certainty of realisation and its subsequent utilisation.
 
 j) Investment
 
 Investments are valued at cost of acquisition. In case of long term
 investments, no provision is made for diminution in the
 valueofinvestments, where,inthe opinionofthe BoardofDirectors such
 diminution is temporary.
 
 Current Investments are stated at lower of cost and market/fair value.
 
 k) Foreign currency transaction
 
 a) All transactions in foreign currency are recorded at the rates of
 the exchange prevailing on the dates when the relevant transactions
 took place any gain/ loss on account of the fluctuations in the rate of
 exchange is recognized in the statement of Profit & Loss.
 
 b) Monetary items in the form of loans, current assets and current
 liabilities in foreign currencies at the close of the year are
 converted in the Indian currency at the appropriate rate of exchange
 prevailing on the dates of the Balance Sheet.  Resultant gainor loss on
 account of fluctuation in the rate of exchange is recognized in the
 statement of Profit & Loss.
 
 c) In respect of the Forward Exchange Contracts entered into to hedge
 foreign currency risks, the difference between the Forward Rate and
 Exchange Rate at the inception of the contract is recognized as income
 or expense over the life of the contract. Further, the exchange
 difference arising on such contracts are recognized as income or
 expense along with the exchange differenceonthe underlying assets/
 liabilities.
 
 l) Employee Benefits.
 
 (a) Post-employment benefit plans
 
 i) Defined Contribution Plan - Contributions to Provident Fund and
 Family Pension fund are accrued in accordance with applicable statute
 and deposited with appropriate authorities.
 
 ii) Defined Benefit Plan
 
 a.  The liability inrespectofleave encashmentisdetermined using
 acturial valuation carried outasatBalance Sheet date.Acturial gains and
 losses are recognizedinfullin Profit and LossAccount for the
 yearinwhich they occur.
 
 b.  The Company has opted for scheme with Life Insurance Corporation of
 India to cover its liabilities towards employees gratuity at Etah Unit.
 The annual premium paid to Life Insurance Corporation of India is
 charged to Profit and LossAccount.The Company also carried out acturial
 valuation of gratuity using Projected Unit Credit Method as required by
 Accounting Standard 15 Employee Benefits (Revised 2005) and
 difference between fair value of plan assets and liability as per
 acturial valuation as at year end is recognized in Profit and Loss
 Account.
 
 (b) Short term employee benefits
 
 The undiscounted amount of short term employee benefits expected to be
 paid in exchange for services rendered by employees is recognized
 during the period when the employees render the services. These
 benefits include compensated absence also.
 
 m) Taxes on Income
 
 Provision for Current Tax is the amount of tax payable on taxable
 income for the year as determined in accordance with the provisions of
 the Income Tax Act, 1961.
 
 Deferred tax is recognised on the timing difference, being the
 difference between taxable income and the accounting income for the
 year and quantified using the tax rates and laws enacted or
 substantively enactedason the balance sheet date.
 
 Deferred tax assets are recognised and carried forward to the extent
 that there is a reasonable certainty that sufficient future taxable
 income willbeavailable against which such deferred tax asset
 canberealized.
 
 n) Segment Accounting
 
 Segment Accounting Policies:-
 
 Following accounting policies have been followed bythe Company for
 segment reporting.
 
 (1) The Company has disclosed business segment as the primary segment.
 Segments have been identified taking into account the type of products,
 the differing risk and returns and the internal reporting system. The
 various segments identifiedbythe Company comprisedasunder :
 
 Name of Segment Comprised of
 
 Dairy Products - Milk, Ghee, Milk Powder and other Dairy products.
 
 WindPowerUnit - Wind Power Generation
 
 Other - Trading of Coal, Agri Commodities, Edible Oil etc.
 
 By products relatedtoeach segment have been included inrespective
 segment.
 
 (2) Segment revenue, segment results, segment assets and segment
 liabilities includes respective amounts directly identified with the
 segment and also an allocation on reasonable basis of amounts not
 directly identified. The expenses which are not directly relatabletothe
 business segment are shownasunallocable corporate cost.Assets and
 liabilities that cannot be allocated between the segments are shown as
 unallocable corporate assets and liabilities respectively. Intersegment
 revenue are recognisedatsale price.
 
 o) ImpairmentofAssets
 
 The carrying amount of assets are reviewed at each Balance Sheet date,
 if there is any indication of impairment based on internal/ external
 factors.
 
 An assetis treatedas impaired when the carrying cost ofasset exceeds
 its recoverable value. Animpairment loss ischarged to the profit and
 loss account in the year in which an asset is identified as impaired.
 An impairment loss recognised in prior accounting
 periodisreversedifthere has beena changeinthe estimate ofrecoverable
 amount.
 
 p) Provision, Contingent Liabilities and ContingentAssets
 
 Provision involving substantial degree of estimation in measurement are
 recognized when there is a present obligation as a result of past
 events and it is probable that there will be an outflow of resources.
 Contingent liabilities are not recognized but are disclosed inthe
 financial statements. Contingent assets are neither recognized nor
 disclosedin the financial statements.
 
 q) Cash Flow Statement
 
 Cash flows are reported using indirect method, whereby profit/(loss)
 before extraordinary items and tax is adjusted for the effects of
 transactions of non-cash nature and any deferrals or accruals of past
 or future cash receipts or payments. The cash flow from operating,
 investing and financing activitiesofthe company are segregated based
 onthe available information.