i.  Change in accounting policies
 
 During the year ended 31st March, 2012, the company has prepared the
 financial statements as per the format prescribed by the Revised
 Schedule VI to the Companies Act,1956 issued by Ministry of Corporate
 Affairs. The company has also reclassified the previous year figures in
 accordance with requirement for the current period.
 
 ii.  The financial statements are prepared under the historical cost
 convention as a going concern and are generally in accordance with the
 requirements of the Companies Act, 1956. The accounting policies not
 specifically mentioned are consistent with generally accepted
 accounting principles.
 
 iii. All items of income and expenditure are accounted for on accrual
 basis. However, gratuity is being accounted for on cash basis as the
 Company has not got actuarial valuation done of its total future
 liability for its employees on account of gratuity as the employees
 eligible for gratuity is insignificant.
 
 iv.  Investments
 
 Non-current investments are stated at cost. Current investment are
 stated at lower of cost or fair value of individual investment.
 
 v.  Fixed Assets
 
 Fixed Assets are stated at cost (including adjustments on revaluation)
 less accumulated depreciation. Cost of acquisition is inclusive of
 freight, duties and other incidental expenses incurred during
 construction period and exclusive of convert credit availed thereon.
 
 vi.  Depreciation
 
 The Company is providing depreciation on straight line method as per
 rates given in Schedule XIV of the Companies Act, 1956 on pro rata
 basis.
 
 vii. Valuation of inventory
 
 a.  Raw materials are valued at cost.
 
 b.  Finished goods are valued at lower of cost or net realizable value.
 
 c.  Stores items purchased during the year are treated as consumed.
 
 viii.  Foreign Currency Transaction
 
 a.  Transactions denominated in foreign currencies are normally
 recorded at the exchange rates prevailing at the time of the
 transaction.  Foreign currency transactions remaining unsettled till
 finalization of accounts for the year are translated at contracted
 rates when covered by forward exchange contracts and at year end rates
 in all other cases.
 
 b.  Balance in Exchange Earner''s Foreign Currency account is stated at
 the exchange rates prevailing at the end of the year.
 
 ix.  Contingent Liability Contingent Liability, if any, are generally
 not provided for in the accounts and are shown separately as a note to
 the accounts.
 
 x.  Sales-tax & Service tax collected by the company are not treated as
 a part of its revenue.
 
 xi.  Taxes on income
 
 Current tax is determined as the amount of tax payable in respect of
 taxable income for the year. Deferred tax is recognized on timing
 differences, being the difference between taxable income and accounting
 income that originate in one period and are capable of reversal in one
 or more subsequent periods. Where there is unabsorbed depreciation and
 carry forward losses, deferred tax assets are recognized only if there
 is virtual certainty of realization of such assets. Other deferred tax
 assets are recognized only to the extent there is reasonable certainty
 of realization in future.
 
 xii. Segment Reporting
 
 The accounting policies adopted for segment reporting are in line with
 the accounting policy of the company. Revenue and expenses, which
 relate to the enterprise as a whole and not allocable to segments on a
 reasonable basis, have been included under the head Unallocated
 expenses.
 
 xiii.  Financial Derivatives & Commodity Hedging Transactions
 
 a.  Financial derivatives and commodity hedging contracts are accounted
 on the date of their settlement and realized gain/loss in respect of
 settled contracts are recognized in the profit & loss account.
 
 b.  The unrealized loss on contracts outstanding at the yearend are
 provided for in the books of account of Company in accordance with the
 guidance note on Accounting for Equity Index & Equity Stock Futures and
 Options issued by the Chartered Accountants of India.
 
 xiv. Impairment of assets
 
 The carrying amount of assets is reviewed at each balance sheet date for
 any indication of impairment based on internal external factors. An
 impairment loss is recognized wherever the carrying amount of an asset
 exceeds its recoverable amount and is charged to the Profit & Loss