i] General:
 
 The Financial statements are prepared under historical cost convention
 on an accrual basis and comply with the accounting standards referred
 to in Section 211 ( 3C ) of the Companies Act, 1956.  
 
 ii] Fixed Assets:
 
 Fixed assets are stated at original cost net of tax / duty credits
 availed, if any.  
 
 iii] Capital work in progress:
 
 The capital work in progress as on 31-03-2012 is Rs. Nil
 
 iv]  Depreciation:
 
 Fixed Assets are depreciated under Straight Line Method. The applicable
 rates are as provided under Schedule XTV to the Companies Act, 1956.
 Depreciation on additions / deletions of assets during the year is
 provided on a pro-rata basis.
 
 v] Inventories:
 
 Raw materials and packing materials are valued at cost on FIFO basis as
 per revised Accounting Standard AS-2 of the Institute of Chartered
 Accountants of India. Finished goods and semi-finished goods are valued
 at lower of cost or net realizable value.
 
 vi] Investments:
 
 Investments are stated at cost.  vii] Sales:
 
 vii] Sales:
 
 Sales are recognized at the time of dispatch of goods. All sales are
 shown inclusive of excise duty and exclusive of Sales Tax (VAT).
 
 viii] Other income:
 
 Includes interest on Fixed Deposits with Bank, dividends received and
 capital gains on the shares sold.  
 
 ix] Research and Development Expenses:
 
 No capitalization of Research and Development expenses is made since no
 capital expenditure on research and development expenditure has been
 incurred during the year.
 
 x]    Foreign Currency Transactions:
 
 Export earnings of Rs.Nil (Previous Year - Rs.NIL)
 Foreign Exchange Outgo of Rs.NIL (Previous Year - Rs. NIL /-)
 
 xi]   Retirement Benefits:
 
 Retirement benefit in respect of gratuity is not provided for, and
 liability is not ascertained.
 
 Privilege leave entitlement: Privilege leave entitlements are
 recognized as a liability as and when the same is encashed by the
 employees.
 
 Provident Fund: Contribution to Government provident Fund are made as
 per the provisions regularly.