(a) Basis of Accounting
 
 These financial statements are prepared on accrual basis under the
 historical cost convention to comply in all material aspects with all
 the applicable accounting principles in India, the applicable
 accounting standards notified u/s 211(3C) of the Companies Act, 1956
 and the relevant provisions of the Companies Act, 1956 and guidelines
 issued by the Securities and Exchange Board of India.
 
 (b) Adoption of Revised Schedule VI of the Companies Act, 1956
 
 For the year ended 31st 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 Schedule VI does not impact recognition and measurement principles
 followed for preparation of its financial statements. However, it has
 significant impact on presentation and disclosures made in the
 financial statements. The Company has also reclassified the previous
 year figures in accordance with the requirements applicable in the
 current year. All assets and liabilities have been classified as
 current and non-current as per the criteria set out in the revised
 Schedule VI. Based on the nature of products and the time between the
 acquisition of assets for processing and their realisation in cash and
 cash equivalents, the company has ascertained its operating cycle being
 a period within 12 months for the purpose of classification of assets
 and liabilities as current and non current.
 
 (c ) Use of Estimates
 
 The preparation of the financial statements in conformity with Indian
 Generally Accepted Accounting Principles requires the management to
 make estimates and assumptions that affect the reported balances of
 assets and liabilities and disclosures relating to contingent assets
 and liabilities as at the date of the financial statements and reported
 amounts of income and expenses during the period. Examples of such
 estimates include provisions for doubtful receivables, future
 obligations under employee retirement benefit plans, income taxes and
 the useful lives of fixed assets and intangible assets.
 
 (d) Fixed Assets
 
 Fixed assets are stated at their original cost less accumulated
 depreciation including freight, duties (net of CENVAT), taxes and other
 incidental expenses relating to acquisition and installation.
 
 (e) Depreciation / Amortization
 
 Depreciation on all fixed assets situated at manufacturing locations is
 provided on the straight line method on a pro-rata basis at the rates
 determined on the basis of useful lives of the respective assets.
 Management estimates the useful lives for the various fixed assets
 situated at manufacturing locations as follows:
 
 The rates derived from the above useful lives are higher than the
 minimum rates specified in Schedule XIV to the Companies Act, 1956
 (''Act'').
 
 Depreciation for all fixed assets at locations other than at
 manufacturing locations is provided on the written down value method at
 the rates specified in Schedule XIV to the Act.
 
 Leasehold land is amortized over the lease period on a straight line
 basis.
 
 Capitalised enterprise resource planning software (SAP) is amortised
 over a period of five years on straight line basis.
 
 Acquired goodwill is amortized using the straight-line method over a
 period of 10 years.
 
 (f) Inventories
 
 Inventories have been valued at lower of cost and net realizable value.
 
 The cost in respect of raw materials is determined under the specific
 identification of cost method.
 
 Cost includes customs duty, wherever paid, and are net of credit under
 CENVAT scheme, wherever applicable.
 
 The cost in respect of work-in-progress, finished goods and stores and
 spares is determined using the weighted average cost method and
 includes direct materials and labour and a proportion of manufacturing
 overheads based on normal operating capacity, where applicable.
 
 Waste is valued at estimated net realizable value.
 
 (g) Revenue Recognition
 
 Sale of goods: Revenue on sale of goods is recognized on transfer of
 significant risk and rewards of ownership to the buyer and on
 reasonable certainty of the ultimate collection. Sales are inclusive of
 excise duty and net off sales tax, trade discounts and sales returns.
 
 Interest: Income is recognised on a time proportion basis taking into
 account the amount outstanding and the applicable rates.  Commission
 and insurance claim: Income is recognized when no significant
 uncertainty as to measurability or recoverability exists.
 
 (h) Investments
 
 Investments that are readily realisable and intended to be held for not
 more than a year are classified as current investments. All other
 investments are classified as long-term investments. Current
 investments are carried at lower of cost and fair value determined on
 an individual investment basis. Long-term investments are carried at
 cost. However, provision for diminution in value is made to recognise a
 decline other than temporary in the value of the investments.
 
 (i) Foreign Currency Transactions
 
 Transactions in foreign currency are accounted for at the exchange
 rates prevailing on the date of transaction. All monetary items
 denominated in foreign currency are translated at year end rates.
 Exchange differences arising on such transactions and also exchange
 differences arising on the settlement of such transactions are adjusted
 in the statement of profit and loss.
 
 In case of forward contracts, the premium or discount on all such
 contracts arising at the inception of each contract is recognized /
 amortized as income or expenses over the life of the contract. Any
 profit or loss arising on the cancellation or renewal of such contracts
 is recognized as income or expenses for the period.
 
 In respect of foreign branch, all revenues, expenses, monetary
 assets/liabilities and fixed assets are accounted at the exchange rate
 prevailing on the date of the transaction. Monetary assets and
 liabilities are restated at the year end rates and resultant gains or
 losses are recognized in the statement of profit and loss.
 
 (j) Employee Benefits
 
 The company''s contributions to recognized provident funds are charged
 to revenue on an accrual basis.
 
 The Company has defined benefit plans namely leave encashment and
 gratuity for all employees, the liability for which is determined on
 the basis of an actuarial valuation at the end of the year. Gratuity
 Fund (for other than Synthetic division) is administered through Life
 Insurance Corporation of India. Short term compensated absences are
 recognized at the undiscounted amount of benefit for services rendered
 during the year.
 
 Termination benefits are recognized as an expenses immediately.
 Actuarial gains and losses comprise experience adjustments and the
 effects of changes in actuarial assumptions and are recognised
 immediately in the statement of profit and loss as income or expenses.
 
 (k) Borrowing Costs
 
 Borrowing costs that are directly attributable to the acquisition,
 construction or production of a qualifying asset are capitalised as a
 part of the cost of that asset. Other borrowing costs are recognised as
 an expenses in the period in which they are incurred.  (l) Taxation
 
 Tax expenses for the year, comprising current tax and deferred tax is
 included in determining the net profit/(loss) for the year.
 
 A provision is made for the current tax based on tax liability computed
 in accordance with relevant tax rates and tax laws.  Deferred tax
 assets are recognised for all deductible timing differences and carried
 forward to the extent it is reasonably / virtually certain that future
 taxable profit will be available against which such deferred tax assets
 can be realised.
 
 Deferred tax assets and liabilities are measured at the tax rates that
 have been enacted or substantively enacted by the balance sheet date.
 
 (m) Leases
 
 Assets acquired under long term finance lease are capitalised and
 depreciated in accordance with company''s policy for assets situated
 at manufacturing and other locations. The associated obligations are
 included in other loans under Secured Loans.  The company has
 taken premises on lease. Lease rental in respect of operating lease
 arrangement are charged to statement of profit and loss.
 
 (n) Impairment of Assets
 
 At each balance sheet date, the company assesses whether there is any
 indication that an asset may be impaired. If such indication exists,
 the company estimates the recoverable amount and where carrying amount
 of the asset exceeds such recoverable amount, an impairment loss is
 recognized in the statement of profit and loss to the extent the
 carrying amount exceeds recoverable amount. Where there is any
 indication that an impairment loss recognized for an asset in prior
 accounting periods may no longer exist or may have decreased, the
 company books a reversal of the impairment loss not exceeding the
 carrying amount that would have been determined (net of amortization or
 depreciation) had no impairment loss been recognized for the asset in
 prior accounting periods.
 
 (o) Government Grants Recognition
 
 Government grants are recognized where:
 
 i) There is reasonable assurance of complying with the conditions
 attached to the grant.
 
 ii) Such grant / benefit has been earned and it is reasonably certain
 that the ultimate collection will be made.
 
 Presentation in Financial Statement:
 
 i) Government grants relating to specific fixed assets are adjusted
 with the value of the fixed assets.
 
 ii) Government grants in the nature of promoters'' contribution, i.e.
 which have reference to the total investment in an undertaking or by
 way of contribution towards total capital outlay, are credited to
 capital reserve.
 
 iii) Government grants related to revenue items are either adjusted
 with the related expenditure / revenue or shown under Other
 Income, in case direct linkage with cost /income is not
 determinable.
 
 (p) Provisions and contingencies
 
 The company creates a provision when there is present obligation as a
 result of a past event that probably requires an outflow of resources
 and a reliable estimate can be made of the amount of obligation. A
 disclosure for a contingent liability is made when there is possible
 obligation or a present obligation that probably will not require an
 outflow of resources or where a reliable estimate of the obligation
 cannot be made.