1.  BASIS OF PREPARATION
 
 The financial statements have been prepared to comply in all material
 respect with the Notified Accounting Standards pursuant to Companies
 (Accounting Standard) Rules, 2006 and the relevant provisions of the
 Companies Act, 1956. The financial statements have been prepared under
 trre historical cost convention on an accrual basis except in case of
 assets for which provision for impairment is made and revaluation is
 carried out. The accounting policies have been consistently applied by
 the Company.
 
 2.  USE OF ESTIMATES
 
 The presentation of financial statements requires estimates and
 assumptions that affect the reported amount of assets and liabilities
 and disclosure of contingent liabilities on the date of the financial
 statements and the reported amount of revenues and expenses during the
 reporting period. Differences between the actual results and estimates
 are recognised in the period in which the results are known/
 materialized.
 
 3.  REVENUE RECOGNITION
 
 Revenue is recognized to the extent it is probable that the economic
 benefits will flow to the company and the revenue can be reliably
 measured.
 
 Sale of Goods - Revenue is recognized when the significant risks and
 rewards of ownership of the goods have passed to the buyer and is
 stated net of trade discount, returns and Sales Tax / VAT but includes
 Excise Duty.
 
 Interest - Revenue is recognized on a time proportion basis taking into
 account the amount outstanding and the rate applicable.
 
 Export Benefits / Incentives - Export entitlement under Duty
 Entitlement Pass Book (''DEPB'') Scheme are recognised in the Profit &
 Loss Account when the right to receive credit as per terms of the
 scheme is established in respect of export made and where there is no
 significant uncertainty regarding the ultimate collection of the
 relevant export proceeds.
 
 4.  EXPENDITURE
 
 Rebate, claims & settlement on goods sold are accounted for as and when
 these are ascertained with reasonable accuracy.
 
 5.  FIXED ASSETS AND DEPRECIATION
 
 a) Fixed Assets are stated at cost or as revalued, less accumulated
 depreciation and impairment losses, if any. Cost comprises the purchase
 price and any attributable cost of bringing the asset to its working
 condition for its intended use. Borrowing costs relating to acquisition
 of fixed assets, if material, are also included in cost to the extent
 they relate to the period till such assets are ready to be put to use.
 
 b) Depreciation on Fixed Assets is provided on Written Down Value
 method at the rates specified en in Schedule XIV to the Companies Act,
 1956.
 
 6.  INTANGIBLE ASSETS
 
 The company has intangible assets acquired on amalgamation except this
 Intangible asset is not recognized by the company.
 
 7.  IMPAIRMENT OF ASSETS
 
 An asset is treated as impaired when the carrying cost of assets
 exceeds its recoverable value. An impairment loss is charged to the
 profit & loss account 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.
 
 After impairment, depreciation is provided on the revised carrying
 amount of the assets over its remaining useful life.
 
 8.  INVENTORIES
 
 a) Inventories of Finished Goods, Work in progress, Raw materials,
 Packing materials and Stores & Spares are stated at lower of cost and
 net realisable value.
 
 b) Cost of Raw Materials, Packing Materials, Stores and Spares, Trading
 and other products are determined on weighted average basis and are net
 of Cenvat credit.
 
 c) Cost of Work in progress and Finished Goods is determined
 considering direct material cost and appropriate portion of
 manufacturing overheads based on normal operating capacity.
 
 d) Obsolete, slow moving and defective inventories are identified at
 the time of physical verification of inventories and where necessary,
 either written off or provision is made for such inventories.
 
 9.  EMPLOYEE BENEFITS
 
 a) Defined Contribution Plan :
 
 Employees benefits in the form of the Company''s contribution to
 Provident Fund, Pension scheme, Superannuation Fund and Employees State
 Insurance is a defined contribution scheme and contributions are
 charged to the Profit & Loss Account of the year when the contribution
 to the respective fund is due.
 
 b) Defined Benefit Plan :
 
 Retirement benefits in the form of gratuity and leave encashment are
 considered as defined benefit obligations and are provided for on the
 basis of actual valuation as at the date of Balance Sheet.
 
 10. DEFERRED REVENUE EXPENDITURE
 
 Company do not recognize Deferred Revenue Expenditure.  11 FOREIGN
 CURRENCY TRANSACTIONS a) Initial Recognition
 
 Foreign currency transactions are recorded in the reporting currency,
 by applying to the foreign currency amount the exchange rate between
 the reporting currency and the foreign currency at the date of the
 transaction.
 
 b) Conversion
 
 Foreign currency monetary items are reported using the closing rate.
 
 c) Exchange Difference
 
 Any gain or loss on account of exchange difference arising either on
 the settlement or on reinstatement of foreign currency monetary items
 is recognised in the Profit & Loss account.
 
 12.  RESEARCH AND DEVELOPMENT
 
 Equipment purchased for research and development is capitalised when
 commissioned and included in the gross block of fixed assets. Revenue
 expenditure on research and development is charged to Profit & Loss
 account in the period in which it is incurred.
 
 13.  PRIOR PERIOD ADJUSTMENTS
 
 Earlier year items, adjustment/Claims, arisen / settled / noted during
 the year are, if material in nature, are debited / credited to the
 prior period Expenses/Income or respective heads of account if not
 material in the nature.
 
 14.  INVESTMENTS
 
 Investments that are readily realisable and intended to be held for not
 more than a year classified as current investments. All other
 investments are classified as long-term investments. Current
 investments are carried at lower of cost and fair value. Long -term
 investments are stated at cost.  Provision fofdiminution in the value
 of investments is made, if it is other than temporary.
 
 15.  BORROWING COST
 
 Borrowing costs that are attributable to the acquisition or
 construction of a qualifying asset are capitalised as part of the cost
 of such asset. A qualifying asset is one that necessarily takes a
 substantial period of time to get ready for intended use. All other
 borrowing costs are recognised as an expense in the period in which
 they are incurred.
 
 16.  TAXATION
 
 a) Provision for Current Tax is made after considering benefits,
 exemptions and deductions available under the Income Tax Act, 1961.
 
 b) Deferred tax is recognised subject to consideration of prudence, on
 timing differences, representing the difference between the taxable
 income/(loss) and accounting income/(loss) that originated in one
 period and are capable of reversal in one or more subsequent periods.
 Deferred tax assets and liabilities are measured.using the tax rates
 and tax laws that have been enacted or substantively enacted by the
 Balance Sheet date.
 
 17.  LEASES
 
 Operating Lease: Lease rentals in respect of assets taken on operating
 teases are charged to the profit and loss account with reference to
 lease terms and other consideration.
 
 18.  PROVISIONS, CONTINGENT LIABILITIES & CONT-^\''T ASSETS''
 
 Provisions involving substantial degree of estimation in measurement
 are recognised 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 recognised but are disclosed in notes.
 Contingent assets are neither recognised nor disclosed in the financial
 statements.
 
 19.  SEGMENT REPORTING
 
 The accounting policies adopted by the company for segment reporting
 are in line with the accounting standard on Segmental Reporting.
 
 Primary Segment :
 
 Business Segment: The Company''s operating business are organized and
 managed separately according to the nature of products, with each
 segment representing a strategic business unit that offers different
 products. The company operate in only one segment of business.
 
 Secondary Segment :
 
 Geographical Segment: The analysis of geographical segment is based on
 the geographical location of the customers. The geographical segments
 considered for disclosure are as follows:
 
 (a) Sales within India
 
 (b) Sales outside India
 
 Segment Assets denotes for debtors only.
 
 20.  CASH FLOW STATEMENTS
 
 Cash-flow statements are prepared in accordance with Indirect Method
 as explained in the Accounting Standard on Cash Flow Statements (AS-3)
 notified under the Companies (Accounting Standards) Rules, 2006. The
 Cash flows from regular revenue generating, financing and investing
 activity of the company are segregated.
 
 21.  EARNING PER SHARE
 
 Basic earning per share is calculated by dividing the net profit or
 loss for the period attributable to equity shareholders by the weighted
 average number of equity shares outstanding during the period.
 
 For the purpose of calculating diluted Earning per Share, the net
 profit or loss for the period attributable to Equity Shareholders and
 the weighted average number of Shares outstanding during the period are
 adjusted for the effects of all dilutive potential Equity Shares.
 
 22.  DERIVATIVE INSTRUMENTS
 
 As per announcement of Institute of Chartered Accountants of India,
 accounting for derivatives contracts, other than those covered under
 AS-11, are marked to market on a portfolio basis, and the net loss
 after considering the offsetting effect on the underlying hedge item is
 charged to Profit and Loss Account. Net Gain is ignored.