1.1 Basis of preparation
 
 These financial statements have been prepared in accordance with the
 generally accepted accounting principles in India under the historical
 cost convention on accrual basis and also to comply in all material
 aspects with the accounting standards notified under Section 211 (3C)
 [Companies (Accounting Standards) Rules, 2006, as amended] and the
 other relevant provisions of the Companies Act, 1956.  During the year
 ended 31st March, 2012, the revised Schedule VI notified under the
 Companies Act 1956, has become applicable to the Company for
 preparation of its financial statements. Accordingly all assets and
 liabilities have been classified as current and non-current as per the
 Company''s normal operating cycle and other criteria set out in the
 revised Schedule VI. Based on the nature of products and the time
 between the acquisition of assets for processing and their realisation
 in cash and cash equivalents, the Company has ascertained its operating
 cycle as 12 months for the purpose of classification of current and
 non-current assets and liabilities.
 
 1.2 Fixed Assets
 
 Tangible Assets are stated at cost net of accumulated depreciation and
 accumulated impairment losses, if any. Cost comprises cost of
 acquisition, construction and subsequent improvements thereto including
 taxes and duties (net of credits and draw backs), freight and other
 incidental expenses related to acquisition and installation.
 
 1.3 Depreciation & Amortisation
 
 Depreciation (including amortisation) is provided on Straight Line
 Method at the rates specified in Schedule XIV to the Companies Act,
 1956.
 
 1.4 Borrowing Cost
 
 Borrowing Cost attributable to the acquisition and construction of
 qualifying assets, if any, are added to the cost up to the date when
 such assets are ready for their intended use. Other borrowing costs are
 recognised as expenses in the period in which these are incurred.
 
 1.5 Impairment Loss
 
 An impairment loss, if any, is recognised whenever the carrying amount
 of the fixed assets exceeds the recoverable amount i.e. the higher of
 the assets'' net selling price and value in use.
 
 1.6 Inventories
 
 Inventories other than scrap are valued at lower of cost and estimated
 net realisable value. Cost is determined on FIFO basis. Scrap is valued
 at net realisable value.
 
 1.7 Transaction in Foreign Currencies Initial Recognition
 
 On initial recognition, all foreign currencies transactions are
 recorded at exchange rates prevailing on the date of the transaction.
 
 Subsequent Recognition
 
 At the reporting date, foreign currency non-monetary items carried in
 terms of historical cost are reported
 
 using the exchange rate at the date of transaction.
 
 All monetary assets and liabilities in foreign currency are restated at
 the end of accounting period.
 
 1.8 Revenue Recognition
 
 Sale of Goods: Sales are recognised when the substantial risks and
 rewards of ownership in the goods are transferred to the buyer as per
 the terms of the contract and are recognised net of trade discounts,
 rebates, sale taxes.
 
 Sale of Services : Sales are recognized upon the rendering of services.
 Other items are recognized on accrual basis.
 
 1.9 Other Income
 
 Interest: Interest income is generally recognized on a time proportion
 basis taking into account the amount outstanding and the rate
 applicable, when there is reasonable certainty as to realisation.  All
 other items are recognized on accrual basis.
 
 1.10 Employees Benefits
 
 The undiscounted amount of Short-term Employees Benefits expected to be
 paid in exchange for the services rendered by employees is recognized
 during the period when the employee renders the service. Contributions
 under Defined Contribution Plans payable in keeping with the related
 schemes are recognised as expenses for the year.
 
 1.11 Government Grants
 
 (a) Government grants of the nature of promoter'' contribution are
 credited to Capital Reserve.
 
 (b) Government grants related to specific fixed assets are deducted
 from gross values of related assets in
 
 arriving at their book values.
 
 (c) Government grants related to revenue are recognised on a systematic
 basis in the Statement of
 
 Profit and Loss over the period necessary to match them with their
 related costs.
 
 1.12 Taxation
 
 Current Tax in respect of taxable income is provided for the year based
 on applicable tax rates and laws.  Deferred tax is recognised subject
 to the consideration of prudence in respect of deferred tax assets, 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 and is measured using tax
 rates and laws that have been enacted or substantively enacted by the
 Balance Sheet date. Deferred tax assets are reviewed at each Balance
 Sheet date to re-assess realization.
 
 1.13 Provision for Contingent Liabilities
 
 The Company recognises a provision when there is a present obligation
 as a result of a past 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 or there is a present
 obligation, reliable estimate of the amount of which cannot be made.
 Where there is a possible obligation or a present obligation and the
 likelihood of outflow of resources is remote, no provision or
 disclosure for contingent liability is made.
 
 1.14 Cash and Cash Equivalent
 
 In the Cash Flow Statement, cash and cash equivalents include cash on
 hand, demand deposits with banks, other short-term highly liquid
 investments, if any, with original maturities of three months or less.
 
 1.15 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. For the
 purpose of calculating diluted earnings per share, the net profit or
 loss for the period attributable to equity shareholders and the
 weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilutive potential equity shares.