(a) Basis of preparation of financial statements
 
 The financial statements are prepared under the historical cost
 conception, on the accrual basis of accounting, and comply with the
 Accounting Standards prescribed by the Central Government, in
 consultation with National Advisory Committee on Accounting Standards,
 under the Companies (Accounting Standards) Rules, 2006 and the relevant
 provisions of the Companies Act, 1956, (''the Act'') to the extent
 applicable. The financial statements are presented in Indian rupees
 rounded off to the nearest rupee.
 
 (b)Presentation and disclosure of financial statements:
 
 During the year ended 31 March 2012, the revised Schedule VI notified
 under the Companies Act 1956, has become applicable to the company, for
 preparation and presentation of its financial statements. The adoption
 of revised Schedule VI does not impact recognition and measurement
 principles followed for preparation of financial statements. The
 company has also reclassified the previous year figures in accordance
 with the requirements applicable in the current year.
 
 (c) Use of estimates
 
 The preparation of financial statements in conformity with Generally
 Accepted Accounting Principles (GAAP) requires management to make
 estimates and assumptions that affect the reported amounts of assets
 and liabilities and the disclosures of contingent liabilities as at the
 date of the financial statements and reported amounts of revenues and
 expenses during the reporting period. Actual results could differ from
 these estimates. Any revision of accounting estimates is recognized
 prospectively in current and future period.
 
 (d) Fixed assets
 
 Fixed assets are stated at historical cost less accumulated
 depreciation and impairment losses if any and net of Cenvat / Value
 Added Tax. Cost includes all attributable expenses in bringing the
 assets to its working condition. Net changes on foreign exchange
 contracts and adjustments arising from exchange rate variations
 attributable to the fixed assets are capitalized.
 
 (e) Impairment
 
 The carrying amount of asset is reviewed at each balance sheet date if
 there is any indication of impairment based on internal/ external
 factors, an impairment loss is recognized wherever the carrying amount
 of an asset exceeds its recoverable amount.
 
 (f) Depreciation:
 
 Depreciation on fixed assets other than Wind Mill is provided on
 straight-line method in accordance with Schedule XIV of the Companies
 Act, 1956.  Depreciation on Wind Mills are provided on WDV method at
 the rate specified in Schedule XIV. In respect of additions made during
 the year, depreciation is charged on pro-rata basis from the month of
 addition.
 
 (g) Investments:
 
 Long term investments are stated at cost, less provision for other than
 temporary diminution in value. Current investments, except for current
 maturities of long term investments are stated at the lower of cost and
 fair value.
 
 The investments made in M/s.Salzer Global Services LLC, USA (SGS) is
 strategically made to keep the furtherance of market share in the
 international markets particularly USA and Canada, and the management
 feels that the company''s investments in SGS will provide returns on the
 long run and hence the investment has been stated at cost.
 
 (h) Inventories:
 
 (i) Raw materials including consumables and stores & spares are valued
 at cost. The cost is determined on the basis of FIFO method.
 
 (ii) Work-in-process is valued at cost of materials and labour together
 with relevant factory overheads.  The cost of work in progress is
 determined on the basis of weighted average method.
 
 (iii) The finished goods are valued at cost inclusive of excise duty
 (or) net realizable value whichever is less.
 
 (i) Research and Development
 
 Revenue expenditure on Research and Development is charged to the
 Profit and Loss Account and Capital Expenditure is added to the cost of
 fixed assets.
 
 (j) Foreign Currency Transactions
 
 a) Transactions in foreign currency are recorded on initial recognition
 at the exchange rate prevailing at the time of the transaction.
 
 b) Monetary items (i.e. receivables, payables, loans, etc.) denominated
 in foreign currency are reported using the closing exchange rate on
 each balance sheet date.
 
 c) The exchange difference arising on the settlement of monetary items
 on reporting these items at rates different from rates at which these
 were initially recorded / reported in previous financial statements are
 recognized as income/expense in the period in which they arise.
 
 (k) Taxation
 
 1.  Current Tax
 
 Provision for taxation has been made on assessable profits of the
 Company as determined Under the Income Tax Act, 1961.
 
 2.  Deferred Tax
 
 In terms of AS.22, the deferred tax for timing differences between the
 book and tax profit arising out of capital expenditure on research and
 development, depreciation and provisions for the year is accounted by
 using the tax rates and laws that have been in force as of the Balance
 Sheet date.
 
 (l) Revenue Recognition
 
 i.  Revenue in respect of sale of products is recognized at the point
 of despatch to customers.
 
 ii.  Sales comprise of value of sale of goods (Net of returns)
 excluding Sales Tax and Excise Duty.
 
 iii. Revenue in respect of investments is recognized as and when these
 incomes are ascertained and quantified.
 
 iv.  Income from Services is recognized as and when the services are
 rendered.
 
 v.  Export benefits are recognized in the profit and loss account when
 the right to receive credit as per the terms of the entitlement is
 established in respect of exports made.
 
 vi.  Dividend income is recognized when the right to receive dividend
 is established.
 
 vii. Lease income under operating lease is recognized in Profit and
 Loss Account on the basis of accrual of income as per terms of the
 agreement.
 
 (m) Employees Benefits
 
 1.  Defined contribution plans
 
 The Company makes contribution towards employees'' provident fund and
 employees'' state insurance plan scheme.
 
 2.  Defined benefit plan (gratuity)
 
 The employees'' gratuity scheme is a defined benefit plan. The Company
 has taken Group Gratuity Policies with the Life Insurance Corporation
 of India (''LIC'') for future payment of gratuities. The present value of
 the obligation under such defined benefit plan is determined at each
 Balance Sheet date based on an actuarial valuation carried out by an
 independent actuary using the projected unit credit method. Actuarial
 gains and losses and past service costs are recognized immediately in
 the Profit and Loss account.
 
 3.  Pension & Leave Salaries
 
 Pension
 
 The scheme is discretionary in nature. The Company operates a funded
 pension defined benefit scheme for qualifying employees. The scheme is
 funded with LIC of India - Pension and Group scheme.
 
 Leave Salaries
 
 No provision has been made for leave salaries as the Company does not
 have any leave encashment scheme and the same is at the discretion of
 management.
 
 (n) Earnings Per Share (EPS)
 
 The basic EPS is computed by dividing the net profit attributable to
 the equity shareholders for the year by the weighted average number of
 equity shares outstanding during the year.
 
 Diluted EPS is computed using the weighted average number of equity and
 dilutive equity equivalent shares outstanding during the year except
 where the results would be anti dilutive.
 
 (o) Borrowing Costs
 
 Borrowing costs, which are directly attributable to the acquisition /
 constructions of fixed assets, till the time such assets are ready for
 intended use, are capitalized as part of the assets. Other borrowing
 costs are recognized as an expense in the year in which they are
 incurred.
 
 (p)Leases
 
 Lease income is treated as operating lease in accordance with AS 19 of
 ICAI and the income is recognized on accrual basis as per the terms of
 agreement with Municipal Corporation.
 
 Since the income has the character of fluctuations and not pre
 determined, straight line basis of adopting the income is not possible.
 
 (q) Provisions, contingent liabilities and contingent assets
 
 A provision is recognized when the Company has a present obligation as
 a result of past event; it is probable that an outflow of resources
 will be required to settle the obligation, in respect of which a
 reliable estimate can be made. Provisions are not discounted to its
 present value and are determined based on best estimate required to
 settle the obligation at the balance sheet date. These are reviewed at
 each balance sheet date and adjusted to reflect the current best
 estimates.
 
 A disclosure for a contingent liability is made when there is a
 possible or present obligation that may, but probably will not require
 an outflow of resources.  When there is a possible obligation in
 respect of which the likelihood of outflow of resources is remote, no
 provision or disclosure is made.
 
 ( r) Segment Reporting
 
 Based on the guiding principles given in Accounting Standards on
 Segment Reporting (AS-17) issued by the ICAI and on the basis of
 Management Certification, the Company''s primary business segment is
 Electrical installation products. As the Company''s business activity
 falls within a single primary business segment, the disclosure
 requirements of AS-17 in this regard does not arise.
 
 (s) Consolidation of accounts (AS23)
 
 The company has made investments in three other bodies corporate. The
 management feels, as these investments are being strategic in nature
 and the company has no control or significant influence in the
 financial / operating policies and in decisions of these investee
 companies, the disclosure requirements of AS23 in this regard does not
 arise.
 
 (t) Cash and Cash Equivalents
 
 Cash and cash equivalents in the cash flow statement comprise cash at
 bank and in hand and short-term investments with an original maturity
 of three months or less.