The Financial Statements are prepared under the historical cost
 convention, on going concern concept and in compliance with the
 relevant accounting principles, accounting standards issued by the
 Institute of Chartered Accountants of India and relevant provisions of
 the Companies Act, 1956. The company follows the mercantile system of
 accounting and recognizes income and expenditure on accrual basis to
 the extent measurable and where there is certainty of ultimate
 realization in respect of incomes. The significant accounting policies
 adopted by the Company are detailed below:
 
 1.  Fixed Assets, Intangible Assets and Capital Work-in-Progress
 
 Fixed assets are stated at cost, less accumulated depreciation. Direct
 costs are capitalized until fixed assets are ready for use. Capital
 work-in-progress comprises outstanding advances paid to acquire fixed
 assets, and the cost of fixed assets that are not yet ready for their
 intended use at the balance sheet date. Intangible assets are recorded
 at the consideration paid for acquisition.
 
 2.  Investments
 
 Long term investments are valued at their acquisition cost. Any decline
 in the value of the investment, other than a temporary decline, is
 recognized and provided for in the profit and loss account. Short-term
 investments are carried at cost or their market values which ever is
 lower.
 
 3.  Revenue Recognition
 
 Revenue from the sale of goods is accounted for on the basis of actual
 dispatches of goods. Sales are inclusive of excise duty but net of
 sales tax and VAT. Materials returned/ rejected are accounted for in
 the year of return/rejection.
 
 4.  Foreign Currency Transaction
 
 The transactions in foreign currency recorded at the exchange rate
 prevailing on the date of transaction. Monetary liability / assets on
 account of foreign currency are converted at the exchange rates
 prevailing as at the end of the year. Exchange differences are
 appropriately dealt within the profit and loss account.
 
 5.  Depreciation / Amortization
 
 Depreciation has been provided on single shift basis on fixed assets on
 straight line methods at the rate and in the manner specified in
 Schedule XIV to the Companies Act, 1956 except for fixed assets of PVC
 Cable division for which written down value method has been adopted.
 The Intangible assets of the Company are amortized over lease nerind nr
 wnnnmir ncofiil jjfg whichever is shorter.
 
 6.  Valuation of Inventories
 
 a) Raw Materials, Stores and Spares and Packing Materia] are valued at
 lower of cost, based on FIFO basis (Net of CENVAT Credit) or net
 realizable value.
 
 b) Work in Progress is valued at their estimated absorption cost (Net
 of CENVAT). Cost of Stock in Process includes cost of raw materials and
 estimated overheads up to the stage of completion.
 
 c) Finished Goods are valued at lower of cost of production or net
 realizable value. Cost of finished goods includes cost of raw material,
 cost of manufacturing, cost of conversion and other cost incurred in
 finishing the goods.
 
 d) Scrap is valued at estimated net realizable value.
 
 7.  Retirement Benefits
 
 Liability in respect of retirement benefit is provided for and/or
 funded and charged to profit and loss account as follows:-
 
 Provident Fund: Retirement Benefits in the form of Provident Fund is a
 defined contribution scheme and the contributions are charged to the
 Profit and Loss Account of the year when the contributions to the
 respective funds are due. There are no other obligations other than the
 contribution payable to the respective fund.
 
 Gratuity: - Liability in respect of Gratuity, the company is accounting
 the gratuity at the time of actual payment to the employee.
 
 Leave Encashment: - As determined on the basis of accumulated leave to
 the credit of employees at the period ended.
 
 8.  Taxes on Income
 
 Current Tax is the amount of tax payable on the taxable income for the
 year as determined in accordance with the provisions of Income Tax Act,
 1961.
 
 Deferred Tax reflects the effect of temporary timing differences
 between the assets and liabilities recognized for financial reporting
 purposes and the amounts that are recognized for current tax purposes.
 As a matter of prudence deferred tax assets are recognized and carried
 forward only to the extent, there is a reasonable certainty that
 sufficient future taxable income will be available against which such
 deferred tax assets can be realized.
 
 Minimum Alternative Tax (MAT) credit asset is recognized in the Balance
 Sheet where it is likely that it will be adjusted against the discharge
 of the tax liability in future under Income Tax, 1961.
 
 9.  Use of Estimates
 
 The financial statements were prepared in conformity with generally
 accepted accounting principles, which requires management to make
 estimates and
 
 assumptions that effect 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 end of the
 reporting years. Although these estimates are based upon the best
 knowledge of the management of current events and actions, actual
 results could differ from these estimates
 
 10.  Impairment of Assets
 
 No Provision for impairment of assets is required since the management
 is of the opinion that the recoverable amount of fixed assets is equal
 to the amount at which they are stated in the balance sheet.
 
 11.  Borrowing Cost
 
 Borrowing Costs attributable to the acquisition or construction of a
 qualifying asset is capitalized as part of the cost of the asset. Other
 borrowing costs are recognized as an expense in the period in which
 they are incurred.
 
 12.  Leases
 
 Lease rental in respect of operating lease arrangements are charged to
 expense on a straight line basis over the term of the related lease
 agreement.
 
 13.  Provisions, Contingent Liabilities and Contingent Assets
 
 The Company creates provisions only when there is a present obligation
 as a result of past events and when reliable estimate of the amount of
 the obligation can be made.  Contingent liability is disclosed for (i)
 Possible obligation which will be confirmed only by future events not
 wholly within the control of the company or (ii) recent obligations
 arising from past events where it is not probable that an outflow of
 resources will be required to settle the obligation on a reliable
 estimate of the amount of the obligations cannot be made. Contingent
 assets are not recognized in the financial statements since this may
 result in the recognition of income that may never be realized.
 
 14.  Cash Flow Statements
 
 Cash flows are reported using the indirect method, where by net profit
 before tax is adjusted for the effects of transactions of a non cash
 nature, any deferrals or accruals of past or future operating cash
 receipts or payments and item of income or expenses associated with
 investing or financing cash flows. The cash flows from operating,
 investing and financing activities of the company are segregated.