a) Basis of Accounts:
 
 Accounts have been prepared on the basis of historical cost. The
 Company adopts the accrual system of accounting and the accounts are
 prepared on a going concern concept.
 
 b) Fixed Assets:
 
 Fixed assets are stated at cost less depreciation. Cost comprises the
 purchase price and any attributable cost of bringing the asset to
 working condition for its intended use.  Financing cost if any relating
 to the acquisition of fixed assets for the period up to the completion
 of fixed assets for its intended use are included in the cost of the
 asset to which they relate.
 
 c) Depreciation & Amortisation Depreciation has been provided on WDV on
 all assets at the rates specified in Schedule XIV of the Companies Act,
 1956. Depreciation is provided on pro rata basis: i) From the date of
 additions on additions to fixed assets during the year and ii)Up to the
 date of disposal on disposal of fixed assets during the year.
 
 d) Inventories: Inventories are valued at the lower of cost or
 estimated net realizable value. The cost of inventories is generally
 arrived at on the following basis: Raw Material and Stores :Weighted
 average cost Stock in Process :- Raw Materials at Weighted Average Cost
 & absorption of Labour and Overheads Finished Goods :- Raw Materials at
 Weighted Average Cost & absorption of Labour and Overheads
 
 e) Accounting of Cenvat Credit: Cenvat credit is taken on the basis of
 purchases and consumed at the time of clearance.
 
 f) Foreign Currency Transaction:
 
 (1) Transaction in foreign currencies are generally recorded by
 applying to the foreign currency amount, the exchange rate existing at
 the time of the transaction.
 
 (2) Gains or losses on settlement, in a subsequent period of
 transactions entered into in an earlier period are credited or charged
 to the Statement of Profit and Loss.  (3) Monetary items denominated in
 foreign currencies at the year-end are restated at the year-end rates.
 
 g) Retirement Benefits:
 
 1. The Gratuity liability is determined based on the Actuarial
 Valuation done by Actuary as at balance sheet date in context of the
 Revised AS-15 issued by the ICAI, as follows:
 
 The Company has covered Rs. 72,93,084/- out of Total Liability of Rs.
 2,53,49,565/- by paying yearly premium to Life Insurance Corporation of
 India over the past years. And the Company has charged Rs.
 11,82,495/-. towards contribution paid to LIC to Profit & Loss Account
 for the year ended 31-03-2012 as per consistent past practice.
 
 2.  Liability in respect of Superannuation Benefits extended to
 eligible employees is contributed by the Company to Life Insurance
 Corporation of India against a Master Policy @ 15% of the Basic Salary
 of all the eligible employees.
 
 3.  The Company''s contribution Rs. 3889176/- (P.Y.  Rs. 3685428/-) paid
 / payable for the year to Provident Fund is charged to the Statement of
 Profit & Loss.
 
 4. Liability in respect of Leave Encashment is provided on actual
 payment basis.
 
 h) Investment:
 
 Investments are generally of Long Term nature and are stated at cost
 unless there is a other than temporary diminution in their value as at
 the date of Balance Sheet.
 
 i) Revenue Recognition:
 
 1) Sale of goods is generally recognised on dispatch to customers and
 excludes the amounts recovered towards Excise Duty, Packing and
 Forwarding and VAT/CST.
 
 2) Interest revenues are recognised on a time proportion basis taking
 into account the amount outstanding and the rate applicable.
 
 3) Consistent with past practice dividends from investments in Shares
 are recognised as and when the same are received.
 
 4) Consistent with past practice Insurance Claim is accounted for as
 and when the same has been admitted by the Insurance authorities.
 
 j) Contingent Liabilities:
 
 There is no any Contingent Liability