i.  Basis of Accounting Policies:
 
 The financial statements have been prepared under the historical cost
 convention on accrual basis in accordance with the Companies
 (Accounting Standards) Rules, 2006 issued under sub-section (30 of
 section 211 of the Companies Act, 1956.
 
 ii.  Use of Estimates:
 
 The preparation of financial statements requires the management of the
 company to make estimates and assumptions that affect the reported
 balance of Assets & Liabilities, revenue and expenses and disclosures
 relating to the contingent liabilities. The management believes that
 the estimates used in preparation of the financial statements are
 prudent and reasonable. Future events could differ from these
 estimates. Any revision of accounting estimates is recognised
 prospectively in the current and future periods.
 
 iii.  Fixed Assets:
 
 Fixed Assets are stated at their original cost of acquisition or
 construction including incidental expenses related to acquisition and
 installation of the concerned assets.
 
 When an asset is scrapped or otherwise disposed of, the cost and
 related depreciation are removed from the books of account and
 resultant profit or loss, if any, is reflected in the Profit and Loss
 Account.
 
 iv.  Depreciation:
 
 Depreciation on fixed assets is provided on straight line method as per
 Section 205 (2) (b) of the Companies Act, 1956 at the rates and in the
 manner prescribed under Schedule XIV to the said Act.
 
 The softwares are an integral part of hardware and accordingly
 considered part of computers.
 
 v.  Impairment of Assets.
 
 The Company identifies impairable fixed assets based on cash generating
 unit concept at the year-end in terms of Para 5 to 13 of AS-28 issued
 by Institute of Chartered Accountants of India (ICAI) for the purpose
 of arriving at impairment loss thereon, if any, being the difference
 between the book value and recoverable value of relevant assets.
 Impairment loss, when crystallized, is charged against revenue of the
 year.
 
 vi.  Investments.
 
 Long term investments are stated at cost. Diminution in value, if any,
 which is of a temporary nature, is not provided for.
 
 vii.  Intangible Assets:
 
 Intangible Assets are initially measured at cost and amortized so as to
 reflect the pattern in which the assets'' economic benefits are
 consumed.
 
 Expenditure on acquiring trade marks is being amortized over a period
 of five years.
 
 viii. Inventories:
 
 a) Inventories comprise all costs of purchase, conversion and other
 costs incurred in bringing the inventories to their present location
 and condition.
 
 b) Raw Materials, Stores & Spare Parts, Packing Materials, Finished
 Goods and Work-in-Progress are valued at lower of cost and net
 realisable value.
 
 c) Cost (net of input tax credit availed) of Raw Materials, Stores &
 Spare Parts, Packing Materials & Finished Goods is determined on FIFO
 basis.
 
 d) Cost of Finished Goods and Work-in-Progress is determined by taking
 Raw Material/Packing Material cost (net of input tax credit availed),
 labour and relevant appropriate overheads.
 
 ix.  Foreign currency transactions:
 
 Transactions in foreign currencies are normally recorded at the
 exchange rate prevailing on the date on which the transactions occur.
 
 Outstanding balances of foreign currency monetary items are reported
 using the period end rates.
 
 Non-monetary items carried in terms of historical cost denominated in a
 foreign currency are reported using the exchange rate at the date of
 the transaction and non-monetary items which are carried at fair value
 or other similar valuation denominated in a foreign currency are
 reported using the exchange rate that existed when the values were
 determined.
 
 Exchange differences arising as a result of the above are recognised as
 income or expense, as the case may be, in the profit and loss account.
 
 In respect of forward contract, the premium or discount on these
 contracts is recognized as income or expenditure, as the case may be,
 over the period of the contracts. Any profit or loss arising on
 cancellation or renewal of such contracts is recognized as income or
 expense of the year.
 
 x.  Derivatives Instruments and Hedge Accounting:
 
 The Company is exposed to foreign currency fluctuation on foreign
 currency assets and forecasted cash flows denominated in foreign
 currency. The Company limits the effects of foreign exchange rate
 fluctuations by following established risk management policies
 including the use of derivatives. The Company enters into forward
 exchange and option contacts, where the counter party is a bank. The
 forward contracts or options are not used for trading or speculation
 purposes.
 
 In case of forward contract, the difference between the forward rate
 and the exchange rate, being the premium or discount at the inception
 of a forward exchange contract is recognised as income/expense over the
 life of the contract.  Exchange differences on such contracts are
 recognised in the profit and loss account in the reporting period in
 which the rates change. Any profit or loss arising on cancellation or
 renewal of forward exchange contract is recognised as income or expense
 for the period.
 
 To designate a forward contract or option as an effective hedge,
 management objectively evaluates and evidences with appropriate
 supporting documents at the inception of each contract whether the
 contract is effective in achieving offsetting cash flows, attributable
 to the hedged risk. To the extent, hedges are designated effective,
 neither gain nor loss is recognised in the profit and loss account. In
 the absence of a designation as an effective hedge, loss is recognised
 in the profit and loss account.
 
 xi.  Foreign operations:
 
 The financial statements of integral foreign operations are translated
 as if the transactions of the foreign operations have been those of the
 Company itself.
 
 In translating the financial statements of a non-integral foreign
 operation for incorporation in the financial statements, the assets and
 liabilities, both monetary and non-monetary, of the non-integral
 foreign operation are translated at the closing rate; income and
 expense items of the non-integral foreign operation are translated at
 average exchange rate prevailing during the year and all resulting
 exchange differences are accumulated in a foreign currency translation
 reserve until the disposal of the net investment.
 
 On the disposal of the non-integral foreign operation, the cumulative
 amount of the exchange difference which has been deferred and which
 relate to the operation are recognised as income or expense in the same
 period in which the gain or loss on disposal is recognised.
 
 When there is a change in the classification of a foreign operation,
 the transaction procedures applicable to the revised classification are
 applied from the date of the change in classification.
 
 xii. Sales:
 
 Revenue from sales of goods is being recognized on accrual basis on
 transfer of ownership to the customers. The sales are stated net of
 trade discounts, excise duty, sales returns and sales taxes.
 
 Revenue from rendering of services is recognized on completion of
 service.
 
 xiii. Export Benefits / Incentives :
 
 Benefits on account of entitlement of export incentives are recognized
 as and when the right to receive the same is established.
 
 xiv. Leases:
 
 Lease rentals are accounted on accrual basis in accordance with the
 terms of respective lease agreements.
 
 xv.  Research and Development:
 
 Revenue expenditure incurred on Research and Development is charged to
 Profit & Loss Account in the year it is incurred.
 
 Capital expenditure is included in the respective heads under fixed
 assets.
 
 xvi. Retirement Benefits:
 
 a).  Contributions to the Provident Fund are made at a pre-determined
 rate and charged to the Profit & Loss Account.
 
 b).  Liability towards Gratuity and Leave Encashment is provided on the
 basis of actuarial determination. Liability towards Superannuation is
 provided in accordance with the scheme administered by Life Insurance
 Corporation of India.
 
 xvii. Borrowing Costs:
 
 Borrowing costs directly attributable to the acquisition or
 construction of an asset are capitalized as part of the cost of that
 asset, up to the date such assets are ready for their intended use.
 
 Other borrowing/ financing costs are charged to the Profit & Loss
 Account.
 
 xvhl Taxation.
 
 Current tax is measured at the amount expected to be paid to the tax
 authorities in accordance with the provisions of local Income tax as
 applicable to the financial year.
 
 Deferred income tax reflect the impact of current year timing
 differences between taxable income and accounting income of the year
 and reversal of timing differences of earlier years. Deferred tax is
 measured based on the tax rates and tax taws enacted or substantively
 enacted at the Balance Sheet date.
 
 In case where the tax assessments have been completed but the appeals
 are pending at various appeal fora, the tax payments have been set-off
 against the provisions in the Balance Sheet. Appropriate disclosures
 have been made towards contingent liabilities, if any
 
 xix. Provisions and Contingent Liabilities:
 
 A provision is recognized when the Company has a present obligation as
 a result of a past event. It is probable that an outflow of resources
 will be required to settle the obligation, in respect of which reliable
 estimates can be made.  Provisions are not discounted to its present
 value and are determined based on best estimates required to settle the
 obligation at the Balance Sheet date.
 
 A disclosure for a contingent liability is made when there is a
 possible obligation or a present obligation that may, but probably wilt
 not, require an outflow of resources. Where there is a possible or
 present obligation in respect of which the likelihood of outflow of
 resources is remote, no provision or disclosure is required.
 
 xx.  Earning Per Share:
 
 Basic earning per share is calculated by dividing the net profit or
 loss for the period attributable to equity shareholders by the weighted
 average number of equity shares outstanding during the period.