a) Change in accounting policy
 
 Presentation and disclosure of financial statement :
 
 During the year ended 31 December 2012, the revised Schedule VI
 notified under the Companies Act 1956, has become applicable to the
 Company, for preparation and presentation of its financial statements.
 The adoption of revised Schedule VI does not impact recognition and
 measurement principles followed for preparation of financial
 statements. However, it has significant impact on presentation and
 disclosures made in the financial statements. The Company has also
 reclassified the previous year figures in accordance with the
 requirements applicable in the current year.
 
 b) Use of Estimates
 
 The preparation of financial statements in conformity with Indian GAAP
 requires the management to make judgments, estimates and assumptions
 that affect the reported amounts of revenues, expenses, assets and
 liabilities and the disclosure of contingent liabilities, at the end of
 the reporting period. Although these estimates are based on the
 management''s best knowledge of current events and actions, uncertainty
 about these assumptions and estimates could result in the outcomes
 requiring a material adjustment to the carrying amounts of assets or
 liabilities in future periods.
 
 c) Fixed Assets
 
 Fixed assets are stated at cost or revalued amounts, as the case may
 be, less accumulated depreciation and impairment losses (if any). Cost
 comprises the purchase price and any attributable cost of bringing the
 asset to its working condition for its intended use. Borrowing costs
 relating to acquisition of fixed assets which takes substantial period
 of time to get ready for its intended use are also included to the
 extent they relate to the period till such assets are ready to be put
 to use.
 
 d) Depreciation on fixed assets
 
 (i) Depreciation on all fixed assets is provided on Straight Line
 Method as per Schedule XIV of the Companies Act, 1956 on pro-rata basis
 with reference to the month of addition/ sale. The management of the
 Company is of the view that this depreciation rate fairly represents
 the useful life of the assets.
 
 (ii) Ropeways are depreciated over an estimated useful life of 2-8
 years.
 
 (iii) Motor Cars are depreciated over an estimated useful life of 5
 years.
 
 (iv) Assets costing less than Rs. 5,000 are fully depreciated in the
 year of purchase.
 
 (v) In respect of the revalued assets, the difference between the
 depreciation calculated on the revalued amount and that calculated on
 the original cost is recouped from the Revaluation Reserve Account.
 
 (vi) Leasehold Land is amortized over the period of initial lease term
 ranging from 5 to 20 years.
 
 e) Intangibles
 
 Costs incurred on acquisition of intangible assets are capitalized and
 amortized on a straight-line basis over their technically assessed
 useful lives, as mentioned below:
 
 f) Impairment
 
 The carrying amounts of assets are reviewed at each balance sheet date
 if there is 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. The recoverable amount is
 the greater of the asset''s net selling price and value in use. In
 assessing value in use, the estimated future cash flows are discounted
 to their present value at the weighted average cost of capital. For the
 purpose of accounting of impairment, due consideration is given to
 revaluation reserve, if any.
 
 After impairment, depreciation is provided on the revised carrying
 amount of the assets over its remaining useful life.
 
 g) Inventories
 
 Inventories are valued as follows:
 
 Net realisable value is the estimated selling price in the ordinary
 course of business less estimated costs of completion and estimated
 costs necessary to make the sale.
 
 h) Revenue Recognition
 
 Revenue is recognized to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue can be
 reliably measured.
 
 (i) Sale of Goods
 
 Revenue is recognised when the significant risks and rewards of
 ownership of the goods is passed to the buyer. Excise Duty deducted
 from turnover (gross) is the amount that is included in the amount of
 turnover (gross) and not the entire amount of liability arose during
 the year. Sales are reported net of sales tax, incentives and rebates.
 
 (ii) Interest
 
 Revenue is recognised on a time proportion basis taking into account
 the amount outstanding and the rate applicable.
 
 i) Borrowing Costs
 
 Borrowing costs directly attributable to the acquisition, construction
 or production of an asset that necessarily takes a substantial period
 of time to get ready for its intended use or sale are capitalized as
 part of the cost of the respective asset. All other borrowing costs are
 expensed in the period they occur. Borrowing costs consist of interest
 and other costs that an entity incurs in connection with the borrowing
 of funds.
 
 j) Leases
 
 Leases where the lessor effectively retains substantially all the risks
 and benefits of ownership of the leased item are classified as
 Operating Leases. Operating Lease payments are recognised as an expense
 in the Statement of Profit & Loss on a straight line basis over the
 lease period.
 
 k) Foreign Currency Transactions
 
 (i) Initial Recognition
 
 Foreign currency transactions are recorded in the reporting currency,
 by applying to the foreign currency amount the exchange rate between
 the reporting currency and the foreign currency at the date of the
 transaction.
 
 (ii) Conversion
 
 Foreign currency monetary items are reported using the closing rate.
 Non-monetary items which are 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 rates that existed
 when the values were determined.
 
 (iii) Exchange Differences
 
 Exchange differences arising on settlement of monetary items or on
 reporting Company''s monetary items at rates different from those at
 which they were initially recorded during the year, or reported in
 previous financial statements, are recognised as income or as expenses
 in the year in which they arise.
 
 l) Derivative financial instruments and hedge accounting
 
 The Company uses derivative financial instrument such as cross currency
 interest rate swaps to hedge its foreign currency risks and interest
 rate risks. Such derivative financial instruments are initially
 recognised at fair value on the date on which a derivative contract is
 entered into and are subsequently remeasured at fair value. Derivatives
 are carried as financial assets when the fair value is positive and as
 financial liabilities when the fair value is negative.
 
 Any gains or losses arising from changes in the fair value of
 derivatives are taken directly to the statement of profit and loss,
 except for the effective portion of cash flow hedge, which is
 recognised in Hedging Reserve Account included in the Reserves and
 Surplus while any ineffective portion is recognised immediately in the
 statement of profit and loss.
 
 For the purpose of hedge accounting, hedges are classified as:
 
 -  Fair value hedges when hedging the exposure to changes in the fair
 value of a recognised asset or liability
 
 -  Cash flow hedges when hedging exposure to variability in cash flows
 that is either attributable to a particular risk associated with a
 recognised asset or liability
 
 At the inception of a hedge relationship, the Company formally
 designates and documents the hedge relationship to which the Company
 wishes to apply hedge accounting and the risk management objective and
 strategy for undertaking the hedge. The documentation includes
 identification of the hedging instrument, the hedged item or
 transaction, the nature of the risk being hedged and how the entity
 will assess the effectiveness of changes in the hedging instrument''s
 fair value in offsetting the exposure to changes in the hedged item''s
 fair value or cash flows attributable to the hedged risk. Such hedges
 are expected to be highly effective in achieving offsetting changes in
 fair value or cash flows and are assessed on an ongoing basis to
 determine that they actually have been highly effective throughout the
 financial reporting periods for which they were designated.
 
 Hedge accounting is discontinued from the last testing date when the
 hedging instrument expires or is sold, terminated, or exercised, or no
 longer qualifies for hedge accounting. Cumulative gain or loss on such
 hedging instrument recognised in shareholder''s funds is retained there
 until the forecasted transaction occurs. If a hedged transaction is no
 longer expected to occur, the net cumulative gain or loss recognised in
 shareholders'' funds is transferred to statement of profit and loss for
 the year.
 
 m) Employee Benefits
 
 (i) Superannuation Fund (being administered by Trusts) and Employees''
 State Insurance Corporation (ESIC) are defined contribution schemes and
 the contributions are charged to the Statement of Profit and Loss of
 the year when the contributions to the respective funds are due. There
 are no other obligations other than the contribution payable to the
 respective funds.
 
 (ii) Retirement benefits in the form of Provident Fund contributed to
 Statutory Provident Fund is a defined contribution scheme and the
 payments are charged to the Statement of Profit and Loss of the year
 when the payments to the respective funds are due. There are no
 obligations other than contribution payable to Provident Fund
 Authorities.
 
 (iii) Retirement benefits in the form of Provident Fund contributed to
 Trust set up by the employer is a defined benefit scheme and the
 payments are charged to the statement of Profit and Loss of the year
 when the payments to the Trust are due. Shortfall in the funds, if any,
 is adequately provided for by the Company.
 
 (iv) Gratuity liability (being administered by a Trust) is a defined
 benefit obligation and is provided for on the basis of an actuarial
 valuation done using projected unit credit method at the end of each
 financial year. The Company presents its gratuity liability as current
 and non-current based on actuarial valuation.
 
 (v) Actuarial gains and losses for defined benefit plans are recognized
 in full in the period in which they occur in the statement of profit
 and loss.
 
 (vi) Accumulated leave, which is expected to be utilized within the
 next 12 months, is treated as short-term employee benefit. The Company
 measures the expected cost of such absences as the additional amount
 that it expects to pay as a result of the unused entitlement that has
 accumulated at the reporting date.
 
 (vii) The Company treats accumulated leave expected to be carried
 forward beyond twelve months, as long-term employee benefit for
 measurement purposes. Such long-term compensated absences are provided
 for based on the actuarial valuation using the projected unit credit
 method at the year-end. Actuarial gains/losses are immediately taken to
 the statement of profit and loss and are not deferred. The Company
 presents the entire leave as a current liability in the balance sheet,
 since it does not have an unconditional right to defer its settlement
 for 12 months after the reporting date.
 
 n) Income Taxes
 
 Tax expense comprises of current and deferred tax. Current income tax
 is measured at the amount expected to be paid to the tax authorities in
 accordance with the Indian Income-tax Act, 1961. Deferred income taxes
 reflect the impact of current year timing differences between taxable
 income and accounting income for the year and reversal of timing
 differences of earlier years.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balance sheet date. Deferred
 tax assets and deferred tax liabilities are offset, if a legally
 enforceable right exists to set off current tax assets against current
 tax liabilities and the deferred tax assets and deferred tax
 liabilities relate to the taxes on income levied by same governing
 taxation laws. Deferred tax assets are recognised only to the extent
 that there is reasonable certainty that sufficient future taxable
 income will be available against which such deferred tax assets can be
 realised. In situations where the Company has unabsorbed depreciation
 or carry forward tax losses, all deferred tax assets are recognised
 only if there is virtual certainty supported by convincing evidence
 that they can be realised against future taxable profits.
 
 At each balance sheet date, the Company re-assesses unrecognised
 deferred tax assets. It recognizes unrecognised deferred tax assets to
 the extent that it has become reasonably certain or virtually certain,
 as the case may be that sufficient future taxable income will be
 available against which such deferred tax assets can be realised.
 
 The carrying amount of deferred tax assets are reviewed at each balance
 sheet date. The Company writes-down the carrying amount of a deferred
 tax asset to the extent that it is no longer reasonably certain or
 virtually certain, as the case may be, that sufficient future taxable
 income will be available against which deferred tax asset can be
 realised. Any such write-down is reversed to the extent that it becomes
 reasonably certain or virtually certain, as the case may be, that
 sufficient future taxable income will be available.
 
 MAT credit is recognised as an asset only when and to the extent there
 is convincing evidence that the company will pay normal income tax
 during the specified period. In the year in which the Minimum
 Alternative tax (MAT) credit becomes eligible to be recognized as an
 asset in accordance with the recommendations contained in Guidance Note
 issued by the Institute of Chartered Accountants of India, the said
 asset is created by way of a credit to the statement of profit and loss
 and shown as MAT Credit Entitlement. The Company reviews the same at
 each balance sheet date and writes down the carrying amount of MAT
 Credit Entitlement to the extent there is no longer convincing evidence
 to the effect that Company will pay normal Income Tax during the
 specified period.
 
 o) Segment Reporting Policies
 
 (i) Identification of segments:
 
 The Company''s operating businesses are organized and managed according
 to the nature of products and predominant source of the risk for the
 Company is business product, therefore business segment has been
 considered as primary segment. The analysis of geographical segments is
 based on the areas in which the Company operates.
 
 (ii) Segment Policies:
 
 The Company prepares its segment information in conformity with the
 accounting policies adopted for preparing and presenting the financial
 statements of the Company as a whole.
 
 p) Provisions
 
 A provision is recognized when an enterprise has a present obligation
 as a result of past event and it is probable that an outflow of
 resources will be required to settle the obligation, in respect of
 which a reliable estimate can be made. Provisions are not discounted to
 its present value and are determined based on best estimate required to
 settle the obligation at the balance sheet date. These are reviewed at
 each balance sheet date and are adjusted to reflect the current best
 estimates.
 
 q) Earnings per Share
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders after deducting
 preference dividends and attributable taxes 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, if
 any.
 
 r) Cash and Cash Equivalents
 
 Cash and cash equivalents in the cash flow statement comprise cash at
 bank and in hand and short-term investments with an original maturity
 of three months or less.
 
 s) Measurement of EBITDA
 
 As permitted by the Guidance Note on the Revised Schedule VI to the
 Companies Act, 1956, the Company has elected to present earnings before
 interest, tax, depreciation and amortization (EBITDA) as a separate
 line item on the face of the statement of profit and loss. The Company
 measures EBITDA on the basis of profit/ (loss) from continuing
 operations. In its measurement, the Company does not include
 depreciation and amortization expense, finance costs and tax expense.