1.  Method of Accounting :
 
 The accounts are prepared on accrual basis under the historical cost
 convention and on going concern concept.
 
 2.  Revenue Recognition :
 
 (i) Revenue in respect of sales of goods is recognised on transfer of
 property in the goods to the buyers, which generally coincides with the
 delivery of goods.
 
 (ii) The revenue in respect of other income is recognised when no
 significant uncertainty to its realisation exists.