a) Basis of Preparation of Financial Statements
 
 The fnancial statements are prepared under the historical cost
 convention, on accrual basis and in accordance with the generally
 accepted accounting principles in India (GAAP), and comply with the
 accounting standards specifed in the Companies (Accounting Standards)
 Rules 2006, issued by the Central Government and the applicable
 relevant provisions of the Companies Act, 1956.
 
 b) Revenue Recognition
 
 i. Sale of Properties & Services are recognized when signifcant risks
 and rewards of ownership are passed on to customers or when the full /
 complete services have been provided. Sales are stated at contractual
 realizable value.
 
 ii.  Interest income is generally recognized on a time proportion
 method.
 
 iii.  Dividend income is recognized when the right to receive dividend
 is established.
 
 iv. Claims for price variation/exchange rate variation in case of
 contracts are accounted for on acceptance.
 
 v.  Rent income is accounted on accrual basis.
 
 c) Fixed Assets
 
 Fixed Assets are stated at cost less accumulated depreciation. Cost
 comprises the purchase price and any attributable cost of bringing the
 asset to its working condition for its intended use. Finance cost
 relates to acquisition of fxed assets are included to the extent they
 relate to the period till such assets are ready to be put to intended
 use.
 
 Capital Work-In-Progress
 
 Expenses incurred for acquisition of Capital Assets along with advances
 towards the acquisition of Fixed Assets outstanding at each balance
 sheet date are disclosed under Capital Work-in- Progress.
 
 d) Depreciation
 
 Depreciation is provided on Written Down Value (WDV) method as
 prescribed in Schedule XIV of the Companies Act, 1956. Depreciation is
 provided from the date of acquisition till the date of sale / disposal
 of Assets.
 
 e) Investments
 
 Investments that are readily realizable and intended to be held but not
 more than a year are classifed as Current Investments. All other
 investments are classifed as Long Term Investment.  Carrying amount of
 the individual investment is determined on the basis of the average
 carrying amount of the total holding of the investments.
 
 Long-Term Investments are stated at cost less provision for other than
 temporary diminution in value. Investments in Immovable Properties
 include purchase price, duties, interest and cost of improvements.
 Current investments are carried at lower of cost and fair value.
 
 f) Employee Benefts
 
 Liability is provided for retirement benefts for provident fund,
 gratuity and leave encashment
 
 in respect of all eligible employees. Contributions under the defned
 contribution schemes are charged to revenue. The liability in respect
 of defned beneft schemes like gratuity and leave encashment is provided
 in the accounts on the basis of actuarial valuations as at the year
 end.
 
 g) Foreign Currency Transactions
 
 a) Foreign exchange transactions are recorded at the closing rate
 prevailing on the dates of the respective transaction. Exchange
 difference arising on foreign exchange transactions settled during the
 year is recognized in the proft and loss account.
 
 b) Monetary assets and liabilities denominated in foreign currencies
 are converted at the closing rate as on Balance Sheet date. The
 resultant exchange difference is recognized in the Proft and Loss
 Account.
 
 c) Exchange rate differences arising on a monetary item that, in
 substance, forms part of the company''s net investment in a non-integral
 foreign operation are accumulated in a foreign currency translation
 reserve in the company''s fnancial statements until the disposal of the
 net investment
 
 d) Non monetary assets and liabilities denominated in foreign
 currencies are carried at the exchange rate prevalent on the date of
 the transaction.
 
 h) Borrowing Costs
 
 Borrowing costs that are directly attributable to and incurred on
 acquiring qualifying assets (assets that necessarily takes a
 substantial period of time for its intended use) are capitalized. Other
 borrowing costs are recognized as expenses in the period in which same
 are incurred.
 
 i) Taxation
 
 Tax expenses are the aggregate of current tax and deferred tax charged
 or credited in the statement of proft and loss for the period.
 
 a) Current Tax
 
 The current charge for income tax is calculated in accordance with the
 relevant tax regulations applicable to the company.
 
 b) Deferred Tax
 
 Deferred tax charge or credit refects the tax effects of timing
 differences between accounting income and taxable income for the
 period. The deferred tax charge or credit and the corresponding
 deferred tax liabilities or assets are recognized using the tax rates
 that have been enacted or substantively enacted by the balance sheet
 date. Deferred tax assets are recognized only to the extent there is
 reasonable certainty that the assets can be realized in future;
 however, where there is unabsorbed depreciation or carry forward of
 losses, deferred tax assets are recognized only if there is virtual
 certainty of realization of such assets. Deferred tax assets are
 reviewed at each balance sheet date.
 
 c) Minimum Alternate Tax (MAT)
 
 In case the Company is liable to pay income tax under provision of
 Minimum Alternate Tax u/s. 115JB of Income Tax Act, 1961, the amount of
 tax paid in excess of normal income tax liability is recognized as an
 asset only if there is convincing evidence for realization of such
 asset during the specifed period. MAT Credit Entitlement is recognized
 in accordance with the Guidance Note on accounting treatment in respect
 of Minimum Alternate Tax (MAT) issued by The Institute of Chartered
 Accountants of India.
 
 j) Impairment of Assets
 
 The Company evaluates all its assets for assessing any impairment and
 accordingly recognizes the impairment, wherever applicable, as provided
 in Accounting Standard 28, Impairment of Assets.
 
 k) Share Based Compensation
 
 The compensation cost of stock options granted to employees is measured
 by the intrinsic value method, i.e. difference between the market price
 / fair value of the Company‘s shares on the date of grant of options
 and exercise price to be paid by the option holders. The compensation
 cost, if any, is amortized uniformly over the vesting period of the
 options.
 
 l) Provisions, Contingent Liabilities and Contingent Assets
 
 Provisions involving substantial degree of estimation in measurement
 are recognized when there is a present obligation as a result of past
 events and it is probable that there will be an outfow of resources and
 the amount of which can be reliably estimated.
 
 Contingent Liabilities are not recognized but are disclosed in the
 Notes. Contingent liabilities are disclosed in respect of possible
 obligations that arise from past events but their existence is confrmed
 by the occurrence or non occurrence of one or more uncertain future
 event not wholly within the control of the Company.
 
 Contingent assets are neither recognized nor disclosed in the fnancial
 statements. Provisions, contingent liabilities and contingent assets
 are reviewed at each Balance Sheet date.
 
 m) Operating Leases
 
 Rental applicable to operating leases where substantially all of the
 benefts and risks of ownership remain with the lessor are charged
 against Proft & Loss Account as per the terms of lease agreement over
 the period of lease term.
 
 n) Miscellaneous Expenditure
 
 Preliminary expenditures are fully charged off in the year in which it
 has incurred.