1 Basis of Accounting :
  
 The financial statements are prepared under the historical cost
 convention on an accrual basis and are in accordance with the
 requirements of Companies Act, 1956.
 
 2 Sales :
 
 Sales turnover includes sales value of goods, other recoveries and
 charges;
 
 3 Investments :
 
 Investments are valued at cost.
 
 4 Depreciation has been calculated on the Straight Line Method at the
 rates Prescribed under Schedule XIV of the Companies Act, 1956.
 
 5 Inventorries :
 
 Inventories are valued on the following basis :
 
 Finished goods           : At Cost
 
 Raw Materials            : At Cost
 
 Stores & Consumables     : At Cost