1.  Basis for preparation of financial statements:
 
 The financial statements are prepared under historical cost convention
 in accordance with the Companies Act, 1956 and the Companies
 (Accounting Standards) Rules, 2006 (Indian GAAP) as adopted
 consistently by the company. All income and expenditure having material
 bearing on the financial statements are recognized on accrual basis.
 
 2.  Use of Estimates
 
 The preparation of financial statements requires estimates and
 assumptions to be made that affect the reported amounts assets and
 liabilities on the date of financial statement, the reported amount of
 revenues and expenses during the reporting period and disclosures
 relating to contingent liabilities as on the date of financial
 statements. Difference between the actual results and the estimates are
 recognized in the period in which the results are ascertained.
 
 3.  Fixed Assets & depreciation
 
 All fixed assets have been stated at their historical cost less
 accumulated depreciation/impairment loss. All costs relating to
 acquisition including freight and installation charges are capitalized.
 
 Depreciation is provided on a pro rata to the period of use, on
 straight line method at the rates and in the manner prescribed in
 Schedule XIV to the Companies Act, 1956. Depreciation on all assets
 costing less than Rs. 5000 are provided at 100%.
 
 An asset is treated as impaired when the carrying cost of asset exceeds
 its recoverable value. An impairment loss is charged to the Statement
 of Profit and Loss in the year in which an asset is identified as
 impaired. The impairment loss recognised in prior accounting period is
 reversed if there has been a change in the estimate of recoverable
 amount.
 
 4.  Valuation of Inventories
 
 Inventories are valued at lower of cost and realizable value; cost
 being ascertained on the following basis:
 
 - Stores, spares, consumables, raw materials and components: First in
 first out method.
 
 - Finished goods: Cost of input plus appropriate overhead.
 
 - Work in progress: Cost of input plus overheads up to the stage of
 completion.
 
 Damaged, un-saleable and non-moving items of stocks have been suitably
 depreciated.
 
 5.  Revenue Recognition
 
 Revenue from sale of products is recognized on despatch of goods in
 accordance with the terms and conditions of sale.  Revenue from
 bottling is recognized in accordance with the specific terms of the
 contract on performance.
 
 6.  Foreign Currency Transactions
 
 Monetary assets and liabilities denominated in foreign currency are
 restated at the exchange rates prevailing as at the Balance sheet date
 and gain or loss arising from such restatements is adjusted in the
 profit and loss account.
 
 7.  Borrowing Cost
 
 Borrowing costs other than that attributable to the qualifying asset
 are expensed as and when incurred.
 
 8.  Provision for Current and Deferred Tax
 
 Tax expenses comprising of current tax, deferred tax. Provision for
 current taxation is made on the basis of assessable profits computed in
 accordance with the provisions of the Income tax act, 1961.
 
 Deferred tax is recognized, subject to the consideration of prudence,
 on timing differences, being the differences between taxable income and
 accounting income that originate in one period and are capable of
 reversal in one or more subsequent periods. Deferred tax assets are
 recognized on unabsorbed depreciation and carry forward of losses based
 on virtual certainty that sufficient future taxable income will be
 available against which such deferred tax assets can be realized.
 
 9.  Employee Benefits
 
 a) Short Term Employee Benefits
 
 All employee benefits payable wholly within twelve months of rendering
 the service are classified as short term employee benefits and
 recognized in the period in which the employee renders the related
 service.
 
 b) Defined Contribution Plans
 
 The Company has defined contribution plans for employees comprising of
 Provident Fund. The contributions paid/payable to these plans during
 the year are charged to profit and loss account for the year.
 
 c) Defined Benefit Plans-Gratuity
 
 The net present value of the obligation for gratuity as determined on
 independent actuarial valuation, conducted annually using the projected
 unit credit method, as adjusted for unrecognized past services cost, if
 any, is recognized in the accounts. Actuarial gain and losses are
 recognized in full in the Profit & Loss Account for the period in which
 they occur.
 
 d) Long Term Employee Benefits
 
 The Company has a scheme for compensated absences for employees, the
 liability of which is determined on the basis of an independent
 actuarial valuation carried out at the end of the year, using the
 projected unit credit method. Actuarial gains and losses are recognized
 in full in the Profit and Loss Account for the period in which they
 occur.
 
 10.  Provisions, Contingent Liabilities and Contingent Assets
 
 Provisions requiring substantial degree of estimation in measurement
 are recognized when there is a present obligation as a result of past
 events and it is probable that there will be an outflow of resources.
 Contingent liabilities are not recognized but are disclosed in the
 Notes on Accounts. Contingent Assets are neither recognized nor
 disclosed in the Financial Statements.