a) Basis of Accounting :
 
 The financial statements are prepared under historical cost convention
 as a going concern on accrual basis and to comply in all material
 aspects with all the applicable Accounting principles in India, the
 applicable Accounting Standards notified under Section 211 (3C) and
 other relevant provisions of the Companies Act, 1956.
 
 b) Revenue Recognition :
 
 i) Revenue in respect of projects for construction of plants and
 systems, execution of which is spread over different accounting
 periods, is recognized on the basis of percentage of completion method
 in accordance with Accounting Standard 7 - Accounting for construction
 contracts.
 
 ii) Percentage of completion is determined by the proportion that
 contract costs incurred for work done till balance sheet date bears to
 the estimated total contract costs.
 
 iii) Difference between costs incurred plus recognized profits/ less
 recognized losses and the amount of invoiced sale is disclosed as
 contracts in progress.
 
 iv) Determination of revenues under the percentage of completion method
 necessarily involves making estimates by the Company, some of which are
 of a technical nature, concerning where relevant, the percentage of
 completion, costs to completion, the expected revenue from the contract
 and the foreseeable losses to completion.
 
 v) Contractual claims are recognized on raising of the claim. However,
 consequential liability to excise duty, if any, is provided for and
 corresponding revenue is accounted for only on settlement of the claim.
 Income from non-contractual claims is recognized only on acceptance of
 the claim by the customer.
 
 vi) Revenue from sales of products and services are recognized when
 significant risks and rewards of ownership of products are passed on to
 the customer or when the service is provided.
 
 vii) Revenue from short term software development services includes
 revenue from time and material and fixed price contracts. Revenue from
 time and material contracts are recognized as related services are
 performed. With reference to fixed price contracts revenue is
 recognized in accordance with proportionate completion method.
 
 c) Inventories :
 
 Raw material, spares and components are valued at standard cost, which
 approximate actual cost and after providing for cost of obsolescence
 and other anticipated losses, wherever considered necessary.
 
 Work in Progress and finished goods are valued at lower of standard
 cost and net realizable value, and include material cost and cost of
 conversion.
 
 d) Foreign Currency Transactions :
 
 i) Realized gains and losses on foreign currency transactions are
 recognized in the Profit and Loss Account.
 
 ii) Monetary assets and monetary liabilities denominated in foreign
 currency at the year-end are translated at the year- end exchange
 rates, and the resulting exchange difference is recognized in the
 Profit and Loss Account.
 
 iii) Forward Contracts in foreign currencies :
 
 The Company uses foreign exchange forward contracts to hedge its
 exposure to movements in foreign exchange rates.  The use of these
 foreign exchange forward contracts reduces the risk or cost to the
 Company and the Company does not use the foreign exchange forward
 contracts for trading or speculation purposes.
 
 Premium or discount arising at the inception of a forward exchange
 contract assigned to foreign currency assets/ liabilities is amortized
 as expense or income over the life of the contract. Exchange
 differences on such contracts are recognized in the statement of profit
 and loss in the reporting period in which the exchange rates change.
 Any profit or loss arising on cancellation or renewal of such a forward
 exchange contract is recognized as income or expense for the period. In
 the case of other forward contracts, only net loss, if any, arising on
 the mark-to-market valuation of the contracts at the year-end is
 recognized in the Profit and Loss Account.
 
 e) Fixed Assets :
 
 Fixed Assets are stated at cost of acquisition less accumulated
 depreciation and impairment losses, if any. Cost of fixed assets
 comprises purchase price, duties, levies and any directly attributable
 costs of bringing the assets to their working conditions for the
 intended use, less Cenvat / VAT. Advances paid towards acquisition of
 fixed assets outstanding at the Balance Sheet date and the cost of
 fixed assets not ready for their intended use are disclosed under
 Capital Work in Progress.
 
 The following assets are depreciated / amortized on a straight line
 method over the period of their estimated useful lives:
 
 - Product distribution rights - HSPL are amortized over a period of 10
 years and the amount so amortized is included in , depreciation.
 
 - Total Asset Management (TAM) assets are depreciated over the life of
 the respective contracts, or 7 years, whichever is earlier.
 
 Assets installed in leased premises are depreciated over 4 years
 representing average life of the lease for such premises.  Assets
 costing Rs. 5 thousand or less are depreciated fully in the year of
 purchase.
 
 Where the useful life of an asset is ascertained to be lower than was
 previously determined, the carrying value of the asset is depreciated
 over the revised residual life of the asset.
 
 g) Impairment of Assets :
 
 The Management periodically assesses, using external and internal
 resources, whether there is an indication that an asset may be
 impaired. If an asset is impaired, the Company recognizes an impairment
 loss as the excess of the carrying amount of the asset over the
 recoverable amount.
 
 h) Provisions and Contingent Liabilities:
 
 Provisions are recognized when the Company has a present obligation as
 a result of past event, it is probable that an outflow of resources
 will be required to settle the obligation, and a reliable estimate of
 the amount of the obligation can be made.  Provisions are determined
 based on best estimate required to settle the obligation at the Balance
 Sheet date. Provisions are reviewed at each Balance Sheet date and
 adjusted to reflect current best estimates. A disclosure for a
 contingent liability is made where there is a possible obligation that
 may, but probably will not, require an outflow of resources.
 
 i) Employee Retirement Benefits :
 
 i) Post-Employment Employee Benefits
 
 a) Defined Contribution Plans:
 
 i) Superannuation:
 
 The Company has Defined Contribution Plans for Post employment benefits
 in the form of Superannuation Fund for all employees which are
 administered by Life Insurance Corporation (LIC) of India .
 Superannuation Fund is classified as a defined contribution plans as
 the Company has no further obligation beyond making the contributions.
 
 The Company''s contributions to Defined Contribution plans are charged
 to the Profit and Loss Account as and when incurred.
 
 b) Defined Benefit Plans:
 
 Funded Plan: The Company has defined benefit plan for Post-employment
 benefit in the form of Gratuity and Provident fund for all employees
 which are administered through Life Insurance Corporation (LIC) of
 India / Company managed Trust.
 
 Liability for above defined benefit plan is provided on the basis of
 valuation, as at the Balance Sheet date, carried out by an independent
 actuary. The actuarial method used for measuring the liability is the
 Projected Unit Credit method. In case of Provident Fund for all
 employees, the Company has an obligation to make good the shortfall, if
 any, between the return from the investments of the trust and the
 notified interest rate. The Company''s contribution and such shortfall
 are charged to Profit and Loss Account as and when incurred.
 
 ii) Other Long-term Employee Benefit
 
 Liability for compensated absences is provided on the basis of
 valuation, as at the Balance Sheet date, carried out by an independent
 actuary.
 
 iii) Termination benefits are recognized as an expense as and when
 incurred.
 
 iv) The Actuarial gains and losses arising during the year are
 recognized in the Profit and Loss Account of the year without resorting
 to any amortisation.
 
 j) Lease Accounting :
 
 i) Assets acquired under financial lease agreements are capitalized at
 the inception of lease, at lower of the fair value and present value of
 minimum lease payments, and a liability is created for an equivalent
 amount. Lease rentals are allocated between the liability and the
 interest cost, so as to obtain a uniform periodic rate of interest on
 the outstanding liability for each period.
 
 ii) Leases where the lessor effectively retains substantially all the
 risks and benefits of ownership of the leased assets are classified as
 operating leases. Operating lease payments in respect of assets
 acquired on operating lease are recognized as an expense in the Profit
 and Loss Account on a straight line basis over the lease term.
 
 k) Taxation :
 
 Current Tax
 
 Provision for the current income tax is made in the accounts on the
 basis of estimated tax liability as per the applicable provisions of
 the Income Tax Act, 1961.
 
 Deferred Tax
 
 Deferred tax is recognized, subject to the consideration of prudence,
 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. Deferred tax assets arising
 from the timing differences are recognized to the extent there is
 reasonable certainty that sufficient future taxable income will be
 available against which such deferred tax assets can be realized.
 Deferred tax assets are not recognized on unabsorbed depreciation and
 carry forward of losses unless there is virtual certainty that
 sufficient future taxable income will be available against which such
 deferred tax assets can be realized.