The financial statements have been prepared in accordance with Generally
 Accepted Accounting Principles in India (GAAP) to comply in all
 material respects with the notifed accounting standards by Companies
 (Accounting Standards) Rules, 2006 and the relevant provisions of the
 Companies Act, 1956. The financial statements have been prepared under
 the historical cost convention on an accrual basis. The accounting
 policies have been consistently applied by the Company and are
 consistent with those used in the previous year. The management has
 made certain estimates and assumptions in conformity with the GAAP in
 preparing these financial statements.
 
 The significant accounting policies are as follows:
 
 (a) Fixed assets and depreciation
 
 Fixed assets are stated at cost less accumulated depreciation. The
 Company capitalizes all costs relating to the acquisition and
 installation of fixed assets.
 
 Depreciation is provided, using the straight line method, pro rata to
 the period of use of assets, at the rates specifed in Schedule XIV of
 the Companies Act, 1956 or based on the useful life of the assets
 whichever is higher. The rates used by the Company are as follows:
 
 Assets                                          Percentage
 
 Leasehold land                    over the period of lease
 
 Buildings                                      1.63 – 3.34
 
 Plant & Machinery                              4.75 – 5.88
 
 Furniture & Fixtures                                  6.33
 
 Offce Equipments                                 4.75 – 25
 
 Information Technology Equipments                    33.33
 
 Vehicles                                                20
 
 Fixed assets whose aggregate cost is Rs 5,000 or less are depreciated
 fully in the year of acquisition.
 
 (b) Foreign currency transactions
 
 Foreign currency transactions during the year are recorded at rates of
 exchange prevailing on the date of the transaction. Foreign currency
 denominated assets and liabilities are translated into rupees at the
 rates of exchange prevailing on the date of the balance sheet. All
 exchange differences are dealt with in the statement of profit and
 loss.
 
 In respect of transactions covered by forward exchange contracts, the
 difference between the contract rate and the spot rate on the date of
 the transaction is charged to the profit and loss account over the
 period of the contract.
 
 (c) Investments
 
 Long term investments are stated at cost. Provision is made to
 recognise a diminution, other than temporary, in the value of
 investments. Current investments are stated at lower of cost and fair
 value.
 
 (d) Inventories
 
 Inventories of stores and spare parts are valued at cost.
 
 (e) Employee benefits
 
 The liability on account of gratuity and leave encashment are provided
 based on valuation by an independent actuary. Contributions to
 provident fund and family pension fund are charged to the profit and
 loss account as incurred.
 
 (f) Revenue recognition
 
 The Company recognises revenues on dispatch of goods to customers.
 Revenues are recorded at invoice value net of sales tax, excise,
 returns and trade discounts.
 
 Revenue from services are recognized on completion of such services.
 
 (g) Income-tax
 
 Provision for current income-taxes is made on the assessable income at
 the tax rate applicable to the relevant assessment year.
 
 Deferred income taxes are recognised for the future tax consequences
 attributable to timing differences between the financial statement
 determination of income and their recognition for tax purposes. The
 effect on deferred tax assets and liabilities of a change in tax rates
 is recognised in the statement of profit and Loss using the tax rates
 and tax laws that have been enacted or substantively enacted by the
 balance sheet date.
 
 Deferred tax assets are recognised and carried forward only to the
 extent that there is a reasonable certainty that suffcient future
 taxable income will be available against which such deferred tax assets
 can be realised.
 
 (h) Leases
 
 Operating leases
 
 Lease payments for operating leases are recognised as expense over the
 lease term. Lease income from operating leases is recognised as income
 over the lease term. Initial direct costs are recognised immediately as
 an expense.
 
 (i) Financing/Borrowing cost
 
 Financing/Borrowing costs attributable to acquisition and/or
 construction of qualifying assets are capitalised as a part of the cost
 of such assets, up to the date such assets are ready for their intended
 use. Other financing/borrowing costs are charged to profit & Loss
 Account. Initial direct costs are recognised immediately as an expense.
 
 Expenses incurred in connection with raising of funds are amortised
 over the tenure of the borrowing.
 
 (j) Earnings per share
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the year attributable to equity shareholders (after deducting
 preference dividends and attributable taxes) by the weighted average
 number of equity shares outstanding during the year. The weighted
 average number of equity shares outstanding during the year are
 adjusted for events of bonus issue to existing shareholders and share
 split.
 
 For the purpose of calculating diluted earnings per share, the net
 profit for the period attributable to equity shareholders and the
 weighted average number of shares outstanding during the year are
 adjusted for the effects of all dilutive potential equity shares from
 the exercise of options on unissued share capital. The number of equity
 shares is the aggregate of the weighted average number of equity shares
 and the weighted average number of equity shares, which would be issued
 on the conversion of all the dilutive potential equity shares into
 equity shares.  Options on unissued equity share capital are deemed to
 have been converted into equity shares.