1.  Basis of Presentation
 
 The Financial Statements of the Company are prepared under historical
 cost convention,on accrual basis of accounting to comply in all
 material respects, with the mandatory Accounting standards as notified
 by the Companies (Accounting Standards) Rules, 2006 as amended (''the
 Rules'') and the relevant provisions of the Companies Act, 1956 (''the
 Act''). Accounting policies have been consistently applied except where
 a new accounting standard is initially adopted or a revision to an
 existing accounting standard requires a change in the accounting policy
 hitherto in use.
 
 2.  Use of Estimates
 
 The preparation of the financial statements are in conformity with the
 Indian GAAP which requires the management make estimates and
 assumptions that affect the reported amounts of assets and liabilities,
 disclosure of contingent liabilities as at the date of the financial
 statements, and the reported amounts of revenue and expenses during the
 reported period. Actual results could differ from these estimates.
 Difference between the actual results and estimates are recognized in
 the period in which the results are known/materialized.
 
 3.  Revenue Recognition
 
 Revenue from the sale of grown/traded items is recognized upon passage
 of the title to the customers which generally coincides with the
 delivery and acceptance thereof.
 
 Revenue from Services consist primarily of revenue earned from services
 performed on a ''time and material'' basis. The related revenue is
 recognized as and when the services are performed.
 
 Revenue from Internet Service Provision (ISP) is recognized in the year
 on time proportionate basis.
 
 Export sales are accounted at the exchange rate prevailing on the date
 of sale.
 
 Income by way of ''interest'' is recognized on a time proportion basis
 taking into account the amount outstanding and the rate applicable.
 
 Income by way of ''dividend'' is recognized when the Company''s right to
 receive dividend is established.
 
 Operating Leases: Rentals are accounted on the basis of period of
 lease.
 
 4.  Fixed Assets
 
 Fixed Assets are stated at actual cost less accumulated depreciation
 and impairment if any . The actual cost includes acquisition cost,
 taxes, duties, wherever applicable, and all other expenses directly
 attributable for putting the asset into its intended use.
 
 The cost and accumulated depreciation of fixed assets sold are removed
 from the stated values and the resultant Profit/Loss has been included
 in Profit & Loss Account.
 
 5.  Depreciation
 
 A) Depreciation on fixed assets has been provided on Straight line
 method at the rates prescribed in Schedule XIV to the Companies Act
 1956. Depreciation on additions/disposals of the fixed assets during
 the year is provided on pro-rata basis according to the period during
 which assets are put to use / sold.  Assets purchased/Installed during
 the year costing less than Rs.5000/- each are fully depreciated.
 
 B) Depreciation on biological assets is made to the extent the carrying
 cost exceeds the realizable/fair value of such assets.
 
 6. Investments
 
 Current Investments are carried at the lower of cost and quoted/fair
 value computed category wise.
 
 Long term and strategic investments are stated at cost, less any
 diminution in the value other than temporary.
 
 7.  Foreign Currency Transactions
 
 Transactions in foreign currency are recorded at the exchange rate
 prevailing on the date of transaction.
 
 Monetary current assets and liabilities, denominated in foreign
 currency are translated at the rates of exchange at the balance sheet
 date and the resultant gain or loss is recognized in the Profit and
 Loss Account.
 
 In accordance with the option given in the Ministry of Corporate
 Affairs Notification No. GSR 225(E) dated 31st March 2009 and amended
 on 11th May 2011 the Exchange fluctuations arising on reporting of long
 term foreign currency monetary items at rates different from those at
 which they were initially recorded during the period, or reported in
 previous financial statements, insofar as they relate to acquisition of
 a depreciable capital assets, is added to or deducted from the cost of
 the assets and will be depreciated over the balance life of the asset,
 and in other cases is accumulated in ''Foreign Currency Monetary Item
 Translation Difference Accounts'' in the Company''s financial statements
 and amortized over the balance period of such long term asset/liability
 but not beyond 31st march 2012, by recognition as income or expenses in
 each such of the period.
 
 8.  Inventory
 
 Cost of Inventories comprises of all cost of purchase, cost of
 conversion and other cost incurred in bringing them to their respective
 present location and condition.
 
 Inventory as physically verified and certified by the management are
 valued at cost or market rate whichever is lower using the FIFO method.
 However agricultural outputs are valued at net releasable value basis.
 
 9.  Employee Benefits
 
 Short Term Employee Benefits: The company accounts for short term
 employee benefits viz., salary, bonus and other allowances as and when
 the services are rendered by employees i.e., on accrual basis of
 accounting.
 
 Gratuity: The Company provides for Gratuity, a defined benefit
 retirement plan (Gratuity Plan) covering eligible employees. In
 accordance with the Payment of Gratuity Act, 1972, the Gratuity Plan
 provides a lump sum payment to vested employees at retirement, death,
 incapacitation or termination of employment, of an amount based on the
 respective employee''s salary and tenure of employment. Liabilities with
 regard to the Gratuity Plan are determined by actuarial valuation as of
 the balance sheet date, based upon which, the Company makes necessary
 and adequate provisions in the books of accounts. The consequent
 actuarial gain or loss is expensed in the period of accrual of gain or
 loss.
 
 Employee Stock Options:
 
 The options are valued, as per SEBI Guidelines Employee Stock Option
 Plans/Employee Stock Purchase Plans, based on the fair market value of
 the shares on the date of grant. The difference between the fair market
 value of shares and the exercise price would be expensed off in the
 year of exercise of the options, net off any receipt of amount from the
 employee towards exercise of the options.
 
 10.  Borrowing Cost :
 
 Borrowing costs including exchange differences arising from foreign
 currency borrowings to the extent that they are regarded as an
 adjustment to interest cost, that are attributable to the acquisition,
 construction or production of a qualifying asset are capitalized as
 part of cost of such asset till such time as the asset is ready for its
 intended use or sale. A qualifying asset is an asset that necessarily
 requires a substantial period of time to get ready for its intended use
 or sale. All other borrowing costs are recognized as an expense in the
 period in which they are incurred.
 
 11.  Earnings Per Share:
 
 Basic earnings per equity share are computed by dividing net profit
 after tax by weighted average number of equity shares outstanding
 during the year. Diluted earnings per equity share is computed by
 dividing adjusted net profit after tax by the aggregate of weighted
 average number of equity shares and dilutive potential equity shares
 and also includes that of potential conversions from FCCB to equity and
 vested Employee Stock Option Plan outstanding during the year.
 
 12.  Provision for Current Tax and Deferred Income Tax Provision for
 current tax is made after taking into consideration benefits admissible
 under the provisions of the Income Tax Act, 1961.
 
 Deferred Tax resulting from timing difference between book profit and
 taxable profit is accounted for using the tax rates and laws that are
 enacted or substantially enacted as on the balance sheet date. The
 deferred tax asset is recognized and carried forward only to the extent
 there is a reasonable certainty that the asset will be realized in
 future.
 
 13.  Impairment of Assets:
 
 An asset is treated as impaired when the carrying cost of assets
 exceeds its recoverable value. An impairment loss is charged to the
 Profit and Loss Account in the year in which an asset is identified as
 impaired. The impairment loss recognized in prior accounting period is
 reversed if there has been a change in the estimate of recoverable
 amount.
 
 14.  Accounting of Financial Instruments:
 
 The contractual gains/losses arising out of derivative
 transactions(Options), are accumulated in Hedging Reserve Account and
 will be charged off /charged back to Profit and Loss Account at the
 time of derecognizing of underlying financial liability (FCCB) in
 accordance with Accounting Standard – 30 Financial Instruments:
 Recognition and Measurement issued by Institute of Chartered
 Accountants of India.
 
 Premium on Redemption of Foreign Currency Convertible Bonds is
 recognized only in the event of non- conversion of bonds to shares, at
 the end of maturity period.
 
 15.  Provisions, Contingent Liabilities and Contingent Assets:
 
 Provisions are recognized in terms of Accounting Standard – 29:
 Provisions, Contingent Liabilities and Contingent Assets, issued by
 the Institute of Chartered Accountants of India, where there is a
 present legal or statutory obligation as a result of past events, where
 it is probable that there will be outflow of resources to settle the
 obligation and when a reliable estimate of the amount of the obligation
 can be made.
 
 Contingent Liabilities are recognized only when there is a possible
 obligation from past events due to occurrence or non-occurrence of one
 or more uncertain future events not wholly within the control of the
 Company or where any present obligation cannot be measured in terms of
 future outflow of resources or where a reliable estimate of the
 obligation cannot be made. Obligations are assessed on an ongoing basis
 and only those having a largely probable outflow of resources are
 provided for.
 
 Contingent Assets are not recognized in the Financial Statements.