a) Basis of Preparation:
 
 The financial statements have been prepared to comply in all material
 respects with notified Accounting Standards Rules, 2006 and the
 relevant provisions of the Companies Act, 1956. The Financial
 Statements have been prepared under the historical cost convention on
 an accrual basis. The accounting policies have been consistently
 applied by the company and are consistent with those used in the
 previous year except where a newly issued accounting standard is
 initially adopted or a revision to an existing accounting standard
 requires a change in accounting policy hitherto in use.
 
 b) Fixed Assets and Depreciation:
 
 Fixed Assets are valued at cost less accumulated Depreciation. The
 company capitalized all costs relating to the acquisition and
 installation of fixed assets. Depreciation has been provided during the
 year as per WDV Method.
 
 c) Impairment of Long-Lived Assets:
 
 Fixed Assets are reviewed for impairment whenever events or changes in
 circumstances indicate that the carrying amount of an asset may not be
 recoverable. Whenever the carrying amount of an asset exceeds its
 recoverable amount, an impairment loss is recognized in the income
 statement for items of fixed assets carried at cost. The recoverable
 amount is the higher of an assets net selling price and value in use.
 The net selling price is the amount obtained from the sale of an asset
 in an arms length transaction, while value in use in the present value
 of estimated future cash flows expected to arise from the continuing
 use of an asset and from its disposal at the end of its useful life.
 
 d) Revenue Recognition:
 
 Revenue and Expenditures are being recognized in accordance with the
 Guidance Note on Accrual Basis of Accounting issued by the ICAI except
 unascertained expenditure and income.
 
 e) Investment:
 
 Investment is long term investment. Long Term Investments are stated at
 costs.
 
 f) Retirement Benefit:
 
 Effective April 1,2006 the company has adopted the revised Accounting
 Standard on employee benefits.
 
 g) Taxes on Income:
 
 Current Tax is determined as the amount of tax payable in respect of
 the taxable income for the period. Deferred tax asset or deferred tax
 liability is considered for timing differences in accordance with the
 Accounting Standard 22. The Company has recognized Net Deferred Tax
 Assets (DTA) of Rs.  21.77 lacs during the year. The management is
 reasonably / virtually certain that sufficient future taxable income
 would be available to realize such DTA.
 
 h) Borrowing Costs:
 
 Borrowing costs that are attributable to the acquisition and
 construction of a qualifying asset are capitalized as a part of the
 cost of the asset. Other borrowing costs are recognized as n expense in
 the year in which they are incurred.