1. Fixed Assets are stated at Revalued figures less depreciation.
 Depreciation is provided on straight line method as per rates
 prescribed in Schedule XIV of Companies Act, 1956, on pro-rata basis
 with respect to period of usage.  Capital work in progress include
 advances to supplier, directly attributable expenses incurred on the
 acquisition of particular asset.
 
 2. Inventory of finished goods are valued at cost of Production or
 realisable value whichever is lower.  Raw materials, Consumable Stores
 & packing material at lower of cost or market price and work in
 progress at estimated cost.
 
 3. Deferred Revenue Expenditure & Share Re-issue expenses shall be
 written off over a period of 5 years & 10 years respectively.
 
 4. The Physical verification of Fixed assets is carried out in phased
 manner so as to cover each item of the Fixed Assets over a period of 3
 years.  Discrepancy, if any, is accounted for in the corresponding
 accounting year.