The accounts are prepared and presented in accordance with the
 Generally Accepted accounting Principles and are in line with the
 relevant laws as well as the guidelines prescribed by the Department of
 Company Affairs, Ministry of Industry and Accounting Standards (AS)
 issued by the Institute of Chartered Accountants of India (''ICAI'') and
 notified by the Companies Accounting Standard Rules, 2006 to the extend
 applicable.
 
 1.1 Basis of Accounting : The financial statements are prepared under
 the historical cost convetion. The company follows the mercantile
 system of accounting and recognizes income and expenditure on the
 accrual basis except those with significant uncertainities.
 
 1.2 Accounting estimate : The preparation of financial statements in
 conformity with the generally accepted accounting principles in India
 (Indian GAAP) requires management to make estimate and assumptions that
 effect the reported amounts of Asset and liabilities and the disclosure
 of contingent liablities on the date of the financial statements.
 Actual results could differ from those estimates. Any revision to
 accounting estimates is prospectively recognized in current and future
 periods.
 
 1.3 Fixed Asstes : Fixed assets existing as on 31.03.1993 have been
 revalued as per the report of government approved valuer. The revalued
 assets are stated at the revalued figure less accumulated depreciation
 calculated on the revalued figure for the year ended on 31.03.1993 and
 subsequent year. The assets acquried after 31.03.1993 are stated at the
 cost of acquisiion including incicdental expenses related to acuisition
 & installation less accumulated depreciation except for free hold land.
 
 1.4 Depreciation : Depreciation on fixed assets is provided on straight
 line method at the rates prescribed in Schedule - XIV of the Companies
 Act, 1956 pro-rata for the period the assets has been put to use.
 
 1.5 Investments : Investments that are readily realizable and intended
 to be held for not more than twelve months are classified as current
 investments. All other investments are classified as long term
 investments.
 
 Long term investments are stated at cost less any other non temporary
 diminution in value, determined separately for each individual
 investment. Current investments are carried at lower of cost and fair
 value. The comparison of cost and fair value is done separately in
 respect of each category of investments.
 
 1.6 Impairment of Assets : Pursuant to Accounting Standard (AS-28) -
 Impairment of Assets issued the Institute of Chartered Accountants of
 India, the carrying amounts of the Company''s assets including
 intangible assets are reviewed at each Balance Sheet date to determine
 whether there is any indication of impairment. If any such indication
 exists, the assets recoverable amount is estimated, as higher of the
 net selling price and the value in use. An impairment loss is
 recognized whenever the carrying amount of an asset exceeds its
 recoverable amount. If at the Balance Sheet date, there is indication
 that a previously assessed impairment loss no longer exists, the
 recoverable amount is reassessed and the asset is assessed at the
 recoverable amount subject to maximum of depreciable historical cost.
 
 1.7 Earnings Share (''EPS'') : The basic EPS is computed by dividing the
 net profit attributable to the equity shareholders for the year by the
 weighted average number of equity shares outstanding during the year.
 
 1.8 Provision and Contingencies : A provision is recognized when there
 is present 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 a reliable estimate can be made. These are reviewed at
 each Balance Sheet date and adjusted to reflect the current best
 estimate.
 
 A disclosure for a contingent liability is made when there is a
 possible or present obligation that may, but probably will not require
 an outflow of resource. When there is a possible obligation in respect
 of which the likelihood of outflow of resources is remote, no provision
 or disclosure is made.
 
 1.9 Borrowing Costs : Borrowing Costs are charged to Profit & Loss
 Account except those which attributed to the acquisition or
 construction of qualifying assets.