(a) Basis of Preparation of Accounts :
 
 The Financial Statements have been prepared to comply in all material
 aspects with applicable accounting principles in India, mandatory
 Accounting Standards notified by the Companies (Accounting Standards)
 Rule, 2006 (as amended) and the relevant provisions of the Companies
 act, 1956. the Financial Statements have been prepared under the
 historical cost convention on an accrual basis except in case of assets
 for which provision for impairment is made and revaluation is carried
 out. the accounting policies applied by the Company are consistent with
 those used in the previous year.
 
 (b) Use of Estimates :
 
 the preparation of Financial Statements in conformity with generally
 accepted accounting principles requires management to make estimates
 and assumptions that affect the reported amounts of assets and
 liabilities and disclosure of contingent liabilities at the date of the
 Financial Statements and the results of operations during the reporting
 period. Although these estimates are based upon management''s best
 knowledge of current events and actions, actual results could differ
 from these estimates.
 
 (c) Fixed Assets and Depreciation :
 
 Fixed assets (Including plant & Machinery Intangibles) are stated at
 cost less accumulated depreciation and impairment provision. Cost
 comprises the purchase price (Net of Cenvat and Vat wherever
 applicable) and any attributable cost of bringing the assets to its
 working condition for its intended use. Lease-hold land and Lease-hold
 Improvements are being amortised on a straight-line basis over the
 period of lease.
 
 Depreciation is provided pro-rata to the period of use on straight-line
 method based on the estimated useful lives of the assets, which have
 been determined by management, as stated below. These rates of
 depreciation are higher then the rates specified under Schedule XIV of
 the Companies Act, 1956.
 
 (d) Impairment of Assets :
 
 (i) The carrying amounts of assets are reviewed at each Balance Sheet
 date if there is any indication of impairment based on
 internal/external factors. An impairment loss is recognized wherever
 the carrying amount of an asset exceeds its recoverable amount. The
 recoverable amount is the greater of the asset''s net selling price and
 value in use. In assessing value in use, the estimated future cash
 flows are discounted to their present value using a pre-tax discount
 rate that reflects current market assessments of the time value of
 money and risks specific to the asset.
 
 (ii) After impairment, depreciation is provided on the revised carrying
 amount of the assets over its remaining useful life.
 
 (iii) A previously recognized impairment loss is increased or reversed
 depending on changes in circumstances. However, the carrying value
 after reversal is not increased beyond the carrying value that would
 have prevailed by charging usual depreciation if there was no
 impairment.
 
 (e) Valuation of Investments :
 
 long term Investments are stated at cost less provision, if any, for
 diminution which is other than temporary in nature.  Current
 Investments are valued at lower of cost and net realisable value
 determined on individual investment basis.
 
 (f) Valuation of Inventories :
 
 raw Materials, packages, Traded Items and Finished Goods are valued at
 lower of real time weighted average cost and net realisable value. Cost
 of Finished Goods includes material and packaging cost, proportion of
 manufacturing overheads based on normal operating capacity and Excise
 Duty. Custom Duty on stock lying in Bonded Warehouses is included in
 cost. Stores and Consumables are valued at cost.
 
 (g) Employee Benefits :
 
 (i) Defined Contribution Plan
 
 Company''s contributions paid/payable during the year to Company''s
 Pension Fund, ESIC and Labour Welfare Fund, Medical Insurance Benefits,
 post Retiral Medical Benefit scheme and share match are recognised in
 the profit and Loss Account.
 
 (ii) Defined Benefit plan
 
 Company''s liabilities towards gratuity, provident fund, survivor
 protection (death benefit), pension benefit to past employees are
 actuarially determined at the year end using the projected unit credit
 method which considers each period of service as giving rise to an
 additional unit of benefit entitlement and measures each unit
 separately to build up the final obligation. past services in relation
 to benefits mentioned above are recognised on a straight-line basis
 over the average period until the amended benefits become vested.
 Actuarial gain and losses are recognised immediately in the statement
 of profit and Loss account as income or expense. obligation is measured
 at the present value of estimated future cash flows using a discounted
 rate that is determined by reference to market yields at the Balance
 Sheet date on Government Securities where the currency and terms of the
 Government Securities are consistent with the currency and estimated
 terms of the defined benefit obligation.
 
 (iii) long term compensated absences are provided for based on
 actuarial valuation. The actuarial valuation is done as per projected
 unit credit method.
 
 (iv) Short term employee benefits are recognised as an expense at the
 undiscounted amount in the profit and Loss account of the year in which
 the related service is rendered.
 
 (v) Voluntary retirement Scheme expenses are fully charged to the
 profit and Loss account in the year in which they accrue.
 
 please refer note 8 for disclosure as per revised as 15.
 
 (h) Recognition of Income and Expenditure :
 
 Sales are recognised when goods are supplied and are recorded net of
 rebates and Sales tax/VAt and inclusive of excise duty. Interest income
 is recognised on time proportion basis. expenses are accounted for on
 accrual basis and provision is made for all known losses and expenses.
 revenue is recognised to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue can be
 reliably measured.
 
 (i) Foreign Currency Transactions :
 
 Foreign currency transactions are recorded in the reporting currency,
 by applying to the foreign currency amount the exchange rate between
 the reporting currency and the foreign currency at the date of the
 transaction. All Monetary assets and liabilities as at the Balance
 Sheet date, are reinstated at the applicable exchange rates prevailing
 on that date. All exchange differences arising on transactions, are
 charged to profit and Loss Account.
 
 (j) Provision :
 
 A provision is recognized when an enterprise has a 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.  provisions are not discounted
 to its present value and are determined based on management estimate
 required to settle the obligation at the Balance Sheet date. these are
 reviewed at each Balance Sheet date and adjusted to reflect the current
 best estimates.
 
 (k) Taxation :
 
 (i) tax expense comprises of current and deferred tax. Current Income
 tax is measured at the amount expected to be paid to the tax
 authorities in accordance with the Indian Income tax Act, 1961.
 
 (ii) Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the Balance Sheet date. Deferred
 tax is recognised at the Balance Sheet date, subject to the
 considerations of prudence, on timing differences, being the difference
 between taxable income and accounting income that originate in one
 period and are capable of reversal in one or more subsequent periods.
 
 Deferred tax assets are recognised only to the extent that there is
 reasonable certainty that sufficient future taxable income will be
 available against which such deferred tax assets can be realised.
 
 (iii) the tax year for the Company being the year ending 31st March,
 the provision for taxation for the year is the aggregate of the
 provision made for the three months ended on 31st March, 2011 and the
 provision for the remaining period of nine months ending on 31st
 December, 2011. the provision for the remaining period of nine months
 has been arrived at by applying the effective tax rate of the financial
 year 2011-12 to profit Before tax of the said period.
 
 Accounting Policies : (Contd.)
 
 (l) Earning Per Share :
 
 Basic earning per share is calculated by dividing the net profit or
 loss for the year attributable to equity shareholders (after deducting
 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 is adjusted for events of bonus
 issue; bonus element in a rights issue to existing shareholders; share
 split; and reverse share split (consolidation of shares). For the
 purpose of calculating diluted earning per share, the net profit or
 loss for the year 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.
 
 (m) Leases :
 
 leases where the lessor effectively retains substantially all the risks
 and benefits of ownership of the leased term, are classified as
 operating leases. operating lease payments are recognized as an expense
 in the profit and Loss Account on a straight-line basis over the lease
 term.
 
 (n) Cash and Cash Equivalents :
 
 Cash and cash equivalents in the cash flow statement comprise cash at
 bank and in hand, fixed deposits and short-term investments which are
 readily convertible into known amounts of cash.
 
 (o) Segment Reporting Policies :
 
 The Company prepares its segment information in conformity with the
 accounting policies adopted for preparing and presenting the Financial
 Statements of the Company as a whole. The Company''s operating
 businesses are organized and managed separately according to the nature
 of products and services provided. The analysis of geographical
 segments is based on the areas in which major operating divisions of
 the Company operate. revenues and expenses directly attributable to
 segments are reported under each reportable segment. revenue and
 expenses, which relate to the Company as a whole and are not allocable
 to segments on a reasonable basis, have been included under
 unallocable.