The accounting policies set out below have been applied consistently to
 the periods presented in these financial statements.
 
 a) Basis of accounting and preparation of financial statements
 
 The financial statements are prepared and presented in accordance with
 the Indian Generally Accepted Accounting Principles (''GAAP'') under the
 historical cost convention on accrual basis other than the assets
 revalued. GAAP comprises mandatory accounting standards as specified in
 the Companies (Accounting Standards) Rules, 2006, (''the Rules'') and the
 relevant provisions of the Act to the extent applicable. The accounting
 policies have been consistently applied by the Company. The financial
 statements are presented in Indian rupees rounded off to the nearest
 lacs.
 
 This is the first year of application of the revised Schedule VI to the
 Companies Act, 1956 for the preparation of the financial statements of
 the company. The revised Schedule VI introduces some significant
 conceptual changes as well as new disclosures. These include
 classification of all assets and liabilities into current and
 non-current. The previous year figures have also undergone a major
 reclassification to comply with the requirements of the revised
 Schedule VI.
 
 b) Use of estimates
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles in India (Indian GAAP) requires
 Management to make estimates and assumptions that affect the reported
 amounts of assets and liabilities, disclosure of contingent liabilities
 at the date of the financial statements. Actual results could differ
 from these estimates. Any revision to accounting estimates is
 recognised prospectively in current and future periods.
 
 c) Fixed assets and depreciation
 
 Tangible fixed assets are stated at the cost of acquisition or
 construction, less accumulated depreciation. All costs incurred in
 bringing the assets to its working condition for intended use have been
 capitalised.
 
 The cost of an item of tangible fixed asset comprises
 
 its purchase price, including import duties and other non-refundable
 taxes or levies and any directly attributable cost of bringing the
 asset to its working condition for its intended use; any trade
 discounts and rebates are deducted in arriving at the purchase price.
 
 The Company had revalued certain land, building, plant and machineries
 and electrical installations based on valuations done by an external
 expert in the year 1991-92 and in 2010-11. Other than land, additional
 depreciation due to revaluation is adjusted out of revaluation reserve.
 
 Borrowing costs directly attributable to the acquisition/ construction
 of the qualifying asset are capitalized as part of the cost of that
 asset. Other borrowing costs are recognized as an expense in the period
 in which they are incurred.
 
 Exchange differences arising in respect of translation/ settlement of
 long term foreign currency borrowings attributable to the acquisition
 of a depreciable asset are also included in the cost of the asset.
 
 Tangible fixed assets under construction are disclosed as capital
 work-in-progress
 
 Leases under which the Company assumes substantially all the risks and
 rewards of ownership are classified as finance leases. Assets taken on
 finance lease are initially capitalized at fair value of the asset or
 present value of the minimum lease payments at the inception of the
 lease, whichever is lower. Lease payments are apportioned between the
 finance charge and the reduction of the outstanding liability. The
 finance charge is allocated to periods during the lease term so as to
 produce a constant periodic rate of interest on the remaining balance
 of the liability for each period.
 
 Depreciation on fixed assets is provided using the straight-line
 method. The rates of depreciation prescribed in Schedule XIV to the Act
 are considered as minimum rates. If the Management''s estimate of the
 useful life of a fixed asset at the time of the acquisition of the
 asset or of the remaining useful life on a subsequent review is shorter
 than envisaged in the aforesaid schedule, depreciation is provided at a
 higher rate based on the Management''s estimate of the useful
 life/remaining useful life. Pursuant to this policy, depreciation on
 the following fixed assets has been provided at the following rates
 (straight line method), which are higher than the corresponding rates
 prescribed in Schedule XIV:
 
 Freehold land is not depreciated. Assets individually costing Rs.5,000 or
 less are fully depreciated in the year of purchase.  Depreciation is
 provided on a pro-rata basis i.e. from the date on which asset is ready
 for use.
 
 d) Intangibles fixed assets
 
 (i) Acquired intangible assets
 
 Intangible assets that are acquired by the Company are measured
 initially at cost. After initial recognition, an intangible asset is
 carried at its cost less any accumulated amortization and any
 accumulated impairment loss.
 
 Subsequent expenditure is capitalized only when it increases the future
 economic benefits from the specific asset to which it relates.
 
 (ii) Internally generated intangible assets
 
 Expenditure on research activities, undertaken with the prospect of
 gaining new scientific or technical knowledge and understanding, is
 recognized in profit or loss as incurred.
 
 Development activities involve a plan or design for the production of
 new or substantially improved products or processes. Development
 expenditure is capitalized only if development costs can be measured
 reliably, the product or process is technically and commercially
 feasible, future economic benefits are probable, and the Company
 intends to and has sufficient resources to complete development and to
 use the asset.  The expenditure capitalized includes the cost of
 materials, direct labour, overhead costs that are directly attributable
 to preparing the asset for its intended use, and directly attributable
 borrowing costs (in the same manner as in the case of tangible fixed
 assets). Other development expenditure is recognized in profit or loss
 as incurred.
 
 Intangible assets are amortized in profit or loss over their estimated
 useful lives, from the date that they are available for use based on
 the expected pattern of consumption of economic benefits of the asset.
 Accordingly, at present, these are being amortized on straight line
 basis.  In accordance with the applicable Accounting Standard, the
 Company follows a rebuttable presumption that the useful life of an
 intangible asset will not exceed ten years from the date when the asset
 is available for use. However, if there is persuasive evidence that the
 useful life of an intangible asset is longer than ten years, it is
 amortized over the best estimate of its useful life. Such intangible
 assets and intangible assets that are not yet available for use are
 tested annually for impairment.
 
 Amortization is provided on a pro-rata basis on straight-line method
 over the estimated useful lives of the assets, not exceeding ten years
 as detailed below:
 
 Application software 4 years
 
 Prototype/ Product development 8-10 years
 
 e) Inventories
 
 Inventories are valued at lower of cost or net realizable value.
 Consumable stores and spares used for maintenance are debited to the
 statement of profit and loss upon issuance.
 
 The cost determined on first-in-first-out (FIFO) basis, comprises costs
 of purchase, costs of conversion and other costs incurred in bringing
 the inventories to their present location and condition.
 
 The comparison of cost and net realisable value is made on an
 item-by-item basis.
 
 Raw materials and other supplies held for use in production of
 inventories are not written down below cost except where material
 prices have declined and it is estimated that the cost of finished
 products will exceed their net realisable value.
 
 Provision for inventory obsolescence is provided as considered
 necessary.
 
 f) Employee benefits
 
 Short-term employee benefits
 
 Employee benefits payable wholly within twelve months of receiving
 employee services are classified as short-term employee benefits. These
 benefits include salaries and wages, bonus and ex-gratia.  The
 undiscounted amount of short-term employee benefits to be paid in
 exchange for employee services is recognized as an expense as the
 related service is rendered by employees.
 
 Post employment benefits
 
 Defined contribution plans
 
 A defined contribution plan is a post-employment benefit plan under
 which an entity pays specified contributions to a separate entity and
 has no obligation to pay any further amounts. The Company makes
 specified monthly contributions towards employee provident fund to
 Government administered provident fund scheme which is a defined
 contribution plan. The Company''s contribution is recognized as an
 expense in the statement of profit and loss during the period in which
 the employee renders the related service.
 
 Defined benefit scheme
 
 Gratuity and compensated absences liability is a defined benefit scheme
 and is accrued based on an actuarial valuation at the balance sheet
 date, carried out by an independent actuary. The Company''s gratuity
 scheme is administered by Life Insurance Corporation of India.
 Actuarial gain/(losses) are charged to the statement of profit and
 loss.
 
 g) Revenue recognition
 
 Revenue from sale of products is recognized when the risks and rewards
 of ownership are transferred to customers, which generally coincides
 with delivery to the customers. The amount recognized as sales is
 exclusive of excise duty, sales tax, trade and quantity discounts.
 Revenue from sale of products has been presented both gross and net of
 excise duty.
 
 Service income is recognized when an unconditional right to receive
 such income is established.
 
 Revenue from project execution services is recognized on rendering of
 services in accordance with the terms of the arrangement with customers
 using proportionate completion method (cost to cost method).
 
 Unbilled revenues included in other current assets represent cost and
 earnings in excess of billings as at the balance sheet date. Unearned
 revenues included in current liabilities represent billings in excess
 of earnings as at the balance sheet date.
 
 Interest on deployment of funds is recognized using the time proportion
 method, based on the underlying interest rates.
 
 h) Foreign currency transactions and balances
 
 The Company is exposed to currency fluctuations on foreign currency
 transactions. Transactions in foreign currency are recognized at the
 rate of exchange prevailing on the date of the transaction. Exchange
 difference arising on foreign exchange transactions settled during the
 year is recognized in the statement of profit and loss for the year.
 
 All monetary assets and liabilities denominated in foreign currency are
 restated at the rates existing at the year end and the exchange
 gains/losses arising from the restatement is recognized in the
 statement of profit and loss.
 
 i) Derivative instruments and Hedge accounting
 
 The Company is exposed to foreign currency fluctuations on foreign
 currency assets, liabilities, firm commitments and highly probable
 forecasted transactions denominated in foreign currency. The Company
 limits the effects of foreign exchange rate fluctuations by following
 its risk management policies.  In accordance with its risk management
 policies and procedures, the Company uses derivative instruments such
 as foreign currency forward contracts, options and currency swaps to
 hedge its risks associated with foreign currency fluctuations. The
 Company enters into derivative financial instruments, where the
 counterparty is a bank.
 
 The Company has applied the principles of AS 30 ''Financial Instruments:
 Recognition and Measurement'', to the extent that the application of the
 principles does not conflict with existing accounting standards and
 other authoritative pronouncements of the Company Law Board and other
 regulatory requirements.
 
 The derivatives that qualify for hedge accounting and designated as
 cash flow hedges are initially measured at fair value and are
 re-measured at a subsequent reporting date and the changes in the fair
 value of the derivatives i.e. gain or loss is recognized directly in
 shareholders'' funds under hedge reserve to the extent considered
 effective. Gain or loss upon fair value on derivative instruments that
 either do not qualify for hedge accounting or are not designated as
 cash flow hedges or designated as cash flow hedges to the extent
 considered ineffective, are recognized in the statement of profit and
 loss.
 
 It is the policy of the Company to enter into derivative contracts to
 hedge the risk of foreign exchange rate fluctuation and interest rate
 risks related to the loan liabilities. The derivative arrangements are
 co-terminus with the loan agreement and it is the intention of the
 Company not to foreclose such arrangements during the tenure of the
 loan. Accordingly the Company designates and applies cash flow hedge
 accounting on such types of arrangements.
 
 Hedge accounting is discontinued when the hedging instrument expires,
 sold, terminated, or exercised, or no longer qualifies for hedge
 accounting. The cumulative gain or loss on the hedging instrument
 recognized in shareholder''s funds under hedge reserve is retained
 until the forecasted transaction occurs subsequent to which the same is
 adjusted against the related transaction in statement of profit and
 loss. If a hedged transaction is no longer expected to occur, the net
 cumulative gain or loss recognized in shareholder''s fund is transferred
 to statement of profit and loss in the same period.
 
 The fair value of derivative instruments is determined based on
 observable market inputs and estimates including currency spot and
 forward rates, yield curves and currency volatility.
 
 j) Warranties
 
 Warranty costs are estimated by the Management on the basis of
 technical evaluation and past experience. The Company accrues the
 estimated cost of warranties at the time when the revenue is
 recognised.
 
 k) Investments
 
 Investments that are readily realizable and intended to be held for not
 more than a year are classified as current investments. All other
 investments are classified as long-term investments. However, that part
 of long term investments which is expected to be realized within 12
 months after the reporting date is also presented under ''current
 assets'' as current portion of long term investments in consonance
 with the current-non-current classification scheme of revised Schedule
 VI.
 
 Current investments (including current portion thereof) are carried at
 lower of cost and fair value determined on an individual investment
 basis. Long- term investments are carried at cost. However, provision
 for diminution in value, if any, is made to recognize a decline other
 than temporary in the value of the investments.
 
 l) Provisions and contingencies
 
 The Company recognizes a provision when there is a present obligation
 as a result of past (or obligating) event that probably requires an
 outflow of resources and a reliable estimate can be made of the amount
 of the obligation. A disclosure for a contingent liability is made when
 there is a possible obligation or a present obligation that may, but
 probably will not, require an outflow of resources. When there is a
 possible obligation or a present obligation that the likelihood of
 outflow of resources is remote, no provision or disclosure is made.
 
 Provisions for onerous contracts, i.e. contracts where the expected
 unavoidable costs of meeting the obligations under the contract exceed
 the economic benefits expected to be received under it, are recognized
 when it is probable that an outflow of resources embodying economic
 benefits will be required to settle a present obligation as a result of
 an obligating event, based on a reliable estimate of such obligation.
 
 m) Impairment of assets
 
 The Company periodically assesses whether there is any indication that
 an asset or a group of assets comprising a cash generating unit may be
 impaired.  If any such indication exists, the Company estimates the
 recoverable amount of the asset. For an asset or group of assets that
 does not generate largely independent cash inflows, the recoverable
 amount is determined for the cash-generating unit to which the asset
 belongs. If such recoverable amount of the asset or the recoverable
 amount of the cash generating unit to which the asset belongs is less
 than its carrying amount, the carrying amount is reduced to its
 recoverable amount. The reduction is treated as an impairment loss and
 is recognised in the statement of profit and loss. If at the balance
 sheet date, there is an indication that if a previously assessed
 impairment loss no longer exists, the recoverable amount is reassessed
 and the asset is reflected at the recoverable amount subject to a
 maximum of depreciable historical cost. An impairment loss is reversed
 only to the extent that the carrying amount of asset does not exceed
 the net book value that would have been determined; if no impairment
 loss had been recognised.
 
 n) Leases
 
 Leases under which the Company assumes substantially all the risks and
 rewards of ownership are classified as finance leases. Such assets
 acquired on or after 1 April 2001 are capitalised at fair value of the
 asset or present value of the minimum lease payments at the inception
 of the lease, whichever is lower.
 
 For operating leases, lease payments (excluding cost for services, such
 as maintenance) are recognised as an expense in the statement of profit
 and loss on a straight line basis over the lease term. The lease term
 is the non- cancellable period for which the lessee has agreed to take
 on lease the asset together with any further periods for which the
 lessee has the option to continue the lease of the asset, with or
 without further payment, which option at the inception of the lease it
 is reasonably certain that the lessee will exercise.
 
 o) Income-tax
 
 Income-tax expense comprises current tax (i.e.  amount of tax for the
 year determined in accordance with the income-tax law) and deferred tax
 charge or credit (reflecting 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 asset/liability as at the balance sheet date resulting from timing
 differences between book profit and tax profit are not considered to
 the extent that such asset/liability is expected to get reversed in the
 future years within the tax holiday period. Deferred tax assets are
 recognized only to the extent that 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 as at each balance sheet
 date and written down or written up to reflect the amount that is
 reasonably/ virtually certain (as the case may be) to be realized.
 Minimum Alternate Tax (''MAT'') paid in accordance with the laws, which
 gives rise to future economic benefits in the form of tax credit
 against future income tax liability, is recognized as an asset in the
 balance sheet if there is convincing evidence that the Company will pay
 normal tax in the near future.
 
 The Company offsets, on a year on year basis, the current tax assets
 and liabilities where it has a legally enforceable right and where it
 intends to settle such assets and liabilities on a net basis.
 
 p) Earnings per share
 
 The basic earnings/ (loss) per share is computed by dividing the net
 profit/ (loss) attributable to equity shareholders for the year by the
 weighted average number of equity shares outstanding during the year.
 The Company did not have any potentially dilutive equity shares during
 the year.
 
 q) Cash flow statement
 
 Cash flows are reported using indirect method, whereby net profit
 before tax is adjusted for the effects of transactions of a non-cash
 nature and any deferrals or accruals of past or future cash receipts or
 payments. The cash flows from regular revenue generating, investing and
 financing activities of the Company are segregated.