The financial statements of the Company have been prepared in
 accordance with generally accepted accounting principles in India
 (Indian GAAP). The Company has prepared these financial statements to
 comply in all material respects with the applicable accounting
 standards notified under the Companies (Accounting Standards) Rules,
 2006 (as amended) and relevant presentational requirements of the
 Companies Act, 1956. The financial statements have been prepared on an
 accrual basis and under the historical cost convention. Accounting
 policies not stated explicitly otherwise are consistent with the
 generally accepted accounting principles.
 
 a.Presentation and disclosure of financial statements
 
 During the year ended 31st March 2012, the revised Schedule VI notified
 under the Companies Act, 1956, has become applicable to the Company,
 for the preparation and presentation of its financial statements. The
 Company has also reclassified the previous year figures in accordance
 with the requirements applicable in the current year.
 
 b.Tangible fixed assets
 
 Tangible fixed assets are stated at their original cost including
 incidental expenses related to acquisition and installation, less
 accumulated depreciation.
 
 c.Depreciation on tangible fixed assets
 
 Depreciation on all tangible fixed assets has been provided on straight
 line method as per the rates prescribed in Schedule XIV to the
 Companies Act, 1956. Depreciation on assets acquired and/or sold during
 the year is provided on pro-rata basis.
 
 d.Investments
 
 Long term investments are carried at cost and any diminution in value
 is not recognized as the same is considered to be temporary in nature.
 
 e.Inventories
 
 Inventories of Materials and Printing Consumables are valued at lower
 of cost and net realiseable value after providing for obsolescence and
 other losses where considered necessary.
 
 f.Income Recognition
 
 Revenue is recognized to the extent that it is probable that the
 economic benefits will flow t o the Company and the revenue can be
 reliably measured. Revenue from sale of goods are recognized when all
 the significant risks and rewards of ownership of the goods have been
 passed to the buyer. Revenues from services are recognized when the
 services are rendered. The Company collects applicable Sales Tax, Value
 Added Tax and Service Tax on behalf of the Government and therefore
 these are not economic benefits flowing to the Company and are excluded
 from the revenue.
 
 g.Employee benefits
 
 The Company’s employees are covered under the Employees Group
 Gratuity Assurance Scheme of Life Insurance Corporation of India. The
 Company accounts for Gratuity liability equivalent to the premium
 amount payable to Life Insurance Corporation of India every year.
 Bonus is accounted on cash basis.
 
 h.Taxes on Income
 
 Current Tax is the amount of tax payable on the taxable income for the
 year as determined in accordance with the provisions of the Income Tax
 Act, 1961.
 
 Deferred tax is recognized on timing differences, being the differences
 between the taxable income and the accounting income that originate in
 one period and are capable of reversal in one or more subsequent
 periods. Deferred tax is measured using the tax rates and the tax laws
 enacted or substantially enacted as at the reporting date. Deferred tax
 liabilities are recognized for all timing differences. Deferred tax
 assets are recognized only if there is virtual certainty that there
 will be sufficient future taxable income available to realize such
 assets and are reviewed at each Balance Sheet date.