1) Basis of Preparation
 
 - The financial statements have been prepared under the historical cost
 convention and on accrual basis in accordance with the Generally
 Accepted Accounting Practices in India (GAAP) and accounting standards
 referred to in Section 211(3C) of The Companies Act, 1956 read with
 Companies (Accounting Standards) Rules, 2006.
 
 - The Company follows mercantile system of accounting and recognizes
 income and expenditure on accrual basis.
 
 - The financial statements are prepared on the Going Concern concept of
 accounting.
 
 2) Use of Estimates
 
 The preparation of financial statements, in accordance with the
 Generally Accepted Accounting Principles (GAAP) requires management to
 make estimates and assumptions that affect the reported amounts of
 assets and liabilities, disclosure of contingent liabilities at the
 date of financial statements and the reported amounts of revenue and
 expenses during the year. Actual results could differ from estimates.
 Any revision to estimates is recognized prospectively in current and
 future periods.
 
 3) Presentation and Disclosures in Financial Statements
 
 For the year ended 31st march 2012, the Revised Schedule VI notified
 under the Companies Act 1956, is applicable to the company, for
 presentation and disclosures in financial statements. The Company has
 reclassified the previous year''s figures in accordance with the Revised
 Schedule VI as applicable in the current year.
 
 4) Revenue Recognition
 
 Revenue is recognized on transfer of all significant risks and rewards
 of ownership to the buyer and when no significant uncertainty as to
 collectability exists.
 
 Interest is accounted on accrual basis
 
 Dividend is accounted when the right to receive the same is
 unconditional.
 
 5) Tangible Fixed Assets
 
 Fixed Assets are stated at Cost of their acquisition less depreciation.
 Cost comprises of acquisition cost, taxes (other than those
 subsequently recoverable from tax authorities), duties, freight and
 attributable cost of bringing the assets to its working condition for
 its intended use. Pre-operative expenses are capitalized in the year of
 completion of project.
 
 6) Depreciation and Amortization
 
 - Depreciation on Fixed Assets is provided on written down value method
 at the rates prescribed under Schedule XIV of the Companies Act, 1956
 as amended except in case of Plant and Machinery for which the
 depreciation is provided on Straight Line Method.
 
 - Individual assets costing less than Rs. 5,000 are fully charged to
 Statement of Profit & Loss account in the year of acquisition.
 
 7) Impairment of Assets
 
 - As Balance Sheet date, the Company assesses whether there is any
 indication that an asset may be impaired and if any such indication
 exists, the Company estimates the recoverable amount of the asset. If
 such recoverable amount of the asset or the recoverable amount of the
 cash generating unit, to which the asset belongs, is less than its
 carrying value, the carrying amount is reduced to its recoverable
 amount. The reduction is treated as an impairment loss and is
 recognized in the Statement of Profit and Loss.
 
 - An assessment is also done at each Balance Sheet date as to whether
 there is an indication that if a previously assessed impairment loss,
 no longer exists or may have decreased, the recoverable amount is
 reassessed and the asset is reflected at revised estimate of its
 recoverable amount, so that the increased carrying amount does not
 exceed the carrying amount that would have been determined had no
 impairment loss been recognized for the asset in prior years. A
 reversal of impairment loss is recognized in the statement of Profit
 and Loss.
 
 - After recognition of impairment loss or reversal of impairment loss
 as applicable, the depreciation charge for the asset is adjusted in
 future periods to allocate the asset''s revised carrying amount, less
 its residual value (if any), on method of depreciation followed for the
 assets concerned over its remaining useful life.
 
 8) Inventories
 
 - Inventories of consumables, raw materials, work-in-progress and
 finished goods are valued at lower of cost or realizable value. The
 comparison of cost and net realizable value is made on Market Value or
 Realizable Value basis.
 
 - In determining cost of raw materials, packing materials,
 stock-in-trade, stores, spares and consumables, FIFO method is used.
 Cost of inventory comprises all costs of purchase, duties, taxes (other
 than those subsequently recoverable from tax authorities) and all other
 costs incurred in bringing the inventory to their present condition.
 
 - Cost of finished goods and work-in-process includes the cost'' of raw
 materials, an proportionate/appropriate share of fixed and variable
 production overheads, duties and taxes as applicable and other costs
 incurred in bringing the inventories to their present form.
 
 9) Financial Derivative for Commodity Hedging Transactions
 
 In respect of derivative contracts, gain / losses on settlement are
 recognized in the Statement of Profit and Loss. On the reporting date,
 profit or loss of all unsettled/outstanding contracts is determined by
 comparing the value of the position at the mark to market and
 recognized in the Statement of Profit and Loss.
 
 10) Borrowing Cost
 
 - Borrowing cost includes Interest, amortization of ancillary costs
 incurred in connection with the arrangement of borrowings and exchange
 differences arising from foreign currency borrowings to the extent they
 are regarded as an adjustment to the interest cost.
 
 - Borrowing costs attributable to the acquisition or construction of
 assets are capitalized as part of cost of such assets up to the date
 when such assets are ready for intended use. Other borrowing costs are
 expensed as and when incurred.
 
 11) Investments
 
 Investments intended to be held for more than a year from the date of
 the acquisition are classified as Non Current Investments and are
 carried at Cost. Provision for diminution in the value of Non -Current
 investments is made only if in the opinion of management, such decline
 is other than temporary in nature.
 
 Current Investments are carried at lower of cost or Fair Value. The
 comparison of cost and fair value is done separately in respect of each
 category of investments. On disposal of an investment, the difference
 between its carrying amount and net disposal proceeds is charged or
 credited to the Statement of Profit and Loss. Profit or Loss on sale of
 investments is determined on a first-in-first-out (FIFO) basis.
 
 12) Transactions in foreign exchange
 
 Initial recognition: Foreign currency transactions are accounted at the
 exchange rate prevailing on the date of such Transactions.
 
 Measurement of foreign currency items at the Balance Sheet date:
 Foreign currency monetary assets and liabilities at the Balance Sheet
 date are translated at the closing rate.  Gains or losses resulting
 there from on settlement are recognized in the Statement of Profit and
 Loss.
 
 Forward exchange contracts: The premium or discount arising at the
 inception of forward exchange contract is amortized and recognized as
 an expense/income over the life of the contract. Any profit or loss
 arising on cancellation or renewal of such forward exchange contract is
 recognized as income or expense for the period, in the Statement of
 Profit and Loss.
 
 13) Retirement Benefits
 
 a.  Short Term Employee Benefit: All employee benefits payable wholly
 within twelve months of rendering the services are classified as short
 term employee benefits and they are recognized in the period in which
 the employee renders the related services. The company recognizes the
 amount of short term employee benefits expected to be paid in exchange
 for services rendered as a liability (accrued Expenses) after deducting
 any amount already paid.
 
 b.  Post-employment benefits
 
 Defined Contribution Plans: Defined contribution plans are Employees
 State Insurance and Government administered Pension fund scheme for
 eligible employees. The company''s contribution to defined contribution
 plans are recognized in the Statement of Profit and Loss in the
 financial year to which they relate.
 
 Defined Benefit Plans
 
 - Provident Fund Scheme: The Company is covered under the provisions
 of Provident Fund and Miscellaneous Funds Act, 1952. Contribution
 payable by the Company to the concerned Government Authorities in
 respect of Provident Fund and Family Pension Fund are charged to the
 Statement of Profit and Loss.
 
 - Gratuity Scheme: The Company''s Liability towards unfunded Gratuity
 is determined on the basis of year end Actuarial Valuation in
 accordance with Accounting Standard 15 (Revised 2005) prescribed under
 the Companies (Accounting Standards) Rules, 2006.
 
 - Other long term employee benefits: Entitlement to annual leave and
 sick leave are recognized when they accrue to employees concerned. Sick
 leave can only be availed while annual leave can either be availed or
 encashed subject to a restriction on the maximum number of accumulation
 of leave. The Company determines the liability for such accumulated
 leaves using the Projected Accrued Benefit Method with actuarial
 valuations being carried out at each Balance sheet date. Liability for
 Leave Encashment is accounted on accrual basis and expensed.
 
 The company presents this liability as current and non-current in the
 balance sheet as per actuarial valuations and certificate issued by the
 independent actuary.
 
 14) Accounting for taxes on Income
 
 Tax expenses comprises of current tax (i.e. amount of tax for the
 period determined in accordance with the Income Tax Act, 1961) and
 deferred tax charge or credit (reflecting the tax effects of timing
 difference between accounting income and taxable income for the
 period.)
 
 Deferred tax is recognized on timing difference, subject to
 consideration of prudence in respect of deferred tax assets on timing
 difference, being the difference between the taxable incomes and
 accounting income that originate in one year and are capable of
 reversal in one or more subsequent years and measured using relevant
 enacted or substantively enacted tax laws by the Balance Sheet date or
 till the date of approval of financial statements by the Board of
 Directors.
 
 Deferred tax assets are recognized only to the extent there is
 reasonable certainty that the assets can be realized in future;
 however, where there is unabsorbed depreciation or carry forward loss
 under taxation law, deferred tax assets are recognized only if there is
 a virtual certainty of realization of such assets. Deferred tax assets
 are viewed at each Balance Sheet date to reassess realization.
 
 15) Earnings per share
 
 Basic EPS is computed and disclosed using the weighted average number
 of equity shares outstanding during the year. Diluted EPS is computed
 and disclosed using the weighted average number of equity and dilutive
 equity equivalent shares outstanding during the period except where the
 results would be anti dilutive.
 
 16) Provisions
 
 A provision is recognized when there is a present obligation as a
 result of past event and 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 management
 estimates.
 
 17) Contingent Liabilities
 
 A disclosure for a contingent liability is made when there is a
 possible obligation or a present obligation that may, but probably will
 not require an outflow of resources. When there is a possible
 obligation or a present obligation in respect of which likelihood of
 outflow of resources is remote, no provision or disclosure is made.
 Contingent Liabilities are not recognized but are disclosed by way of
 Notes. Contingent assets are neither recognized nor disclosed in the
 financial statements.
 
 18) Contingencies and Events occurring after the Balance Sheet date
 
 All the major contingencies i.e., a condition or situation the ultimate
 outcome of which is known or determined only on their occurrences or
 non-occurrences of uncertain future events, till the signing of the
 financial statements, have been recognized.
 
 Material events occurring after the balance sheet date till signing of
 thereof, affecting the going concern assumption or having material
 impact on the financial statements, are recognized.
 
 19) Preliminary Expenses
 
 Preliminary expenses are amortized over a period of 5 years.