(a) basis of Preparation:
 
 the financial statements have been prepared to comply in respects with
 the notified accounting Standards by Companies accounting Standards
 rules, 2006 and the relevant provisions of the Companies act, 1956
 (‘the act’). the financial statements have been prepared under the
 historical cost convention on an accrual basis in accordance with
 accounting principles generally accepted in India.
 
 (b) Sales:
 
 Sales of fats is recognized on issue of letter of allotment / execution
 of agreement (whichever is earlier), in proportion to completion of
 construction of fat and/or value of letter of demand issued during the
 year. however, Sales of BKC Project is recognized in the year of
 allotment of letter issued irrespective of the construction stage.
 
 (c) Fixed assets:
 
 Fixed assets are stated at cost less accumulated depreciation,
 impairment losses if any.
 
 (d) Depreciation:
 
 Depreciation on fixed assets has been provided on Straight line method
 at the current effective rates prescribed under Schedule xiv to the
 Companies act, 1956. depreciation in respect of asset acquired during
 the year has been provided on pro-rata basis.
 
 (e) Investments:
 
 Long term investments are stated at cost of acquisition. Provision for
 diminution in the value of long term investments is made only if, such
 decline in the opinion of management is other than temporary.
 
 (f) Gratuity/retirement Benefits:
 
 Gratuity has been determined and provided for all employees who have
 completed 5 years of continuous service.
 
 (g) inventories :
 
 Raw materials are valued at cost on FIFO basis.
 
 Work in Progress is valued at cost including cost of finance, which
 consist of interest on loan from banks which is capitalized in
 proportion of its area remain unsold irrespective of its construction
 stage.
 
 Finished Goods is valued at cost including borrowing cost.
 
 (h) Contingent liabilities:
 
 The Company recognizes a provision when there is 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 contingent liability is made when there is possible
 obligation or a present obligation that may, but probably will not,
 require an outflow of resources.
 
 (i) Taxation:
 
 (i) Provision for current tax is made and retained in the accounts on
 the basis of estimated tax liability as per the applicable provisions
 of the income tax act, 1961 and considering assessment orders and
 decisions of appellate authorities in Company’s case.
 
 (ii) deferred tax for timing differences between tax profits and book
 profits is accounted by using the tax rates and laws that have been
 enacted or substantially enacted as of the balance Sheet date. deferred
 tax asset in respect of unabsorbed losses are recognized to the extent
 there is reasonable certainty that these assets can be realized in
 future.
 
 (j) accounting Policies not specifically referred to above are
 consistent with earlier years and in consonance with generally accepted
 accounting principles.