The financial statements are prepared under historical cost convention
 on accrual basis and in accordance with the requirements of Companies
 Act, 1956 and Accounting Standards specified in Rule 3 of the Companies
 (Accounting Standards) Rules, 2006.
 
 Use of Estimates
 
 The preparation of the financial statements in conformity with the
 accounting standards generally accepted in India requires the
 management to make estimates that affect the reported amount of assets
 and liabilities, disclosure of contingent liabilities as at the date of
 the financial statement and reported amounts of revenues and expenses
 for the year. Actual results could differ from these estimates.
 
 Fixed Assets
 
 Fixed assets are stated at cost less accumulated depreciation. Cost of
 assets comprises of purchase cost (net of cenvat credit, if any) and
 other costs attributable to bringing the assets to working condition
 for the intended use.
 
 Intangible Assets
 
 Trademark and computer software are classified as intangible assets.
 Acquisition cost of trademark comprises of purchase cost and other
 expenses incurred in connection with its registration. Cost of software
 comprises of purchase cost (net of cenvat credit, if any) and other
 costs attributable to bringing the assets to working condition for the
 intended use.
 
 Impairment of Assets
 
 Impairment is ascertained at each Balance Sheet date in respect of the
 Company''s fixed assets. An impairment loss is recognised whenever the
 carrying amount of an asset exceeds its recoverable amount. The
 recoverable amount is the greater of the net selling price and value in
 use. In assessing the value in use, the estimated future cash flows are
 discounted to their present value, based on an appropriate discount
 factor. Reversal of impairment loss is recognised as income in the
 Profit and Loss Account.
 
 Borrowings Costs
 
 Borrowing costs attributable to acquisition or construction of
 qualifying assets are capitalised as part of the cost of assets up to
 the date such assets are ready for their intended use. Other borrowing
 costs are recognized as expense in the period in which they are
 incurred.
 
 Depreciation/Amortisation
 
 Depreciation on fixed assets, other than moulds and patterns & dies, is
 provided under Straight Line Method at the rates specified in Schedule
 XIV of the Companies Act, 1956. Moulds and Patterns & Dies are
 depreciated over their useful life of 5 years, as estimated by the
 Management.  Depreciation on addition is provided from the month the
 asset is put to commercial use and on deletion upto the month of sale.
 Assets costing less than Rs.5,000/- are fully depreciated in the year
 of purchase.
 
 Trademark and Computer Software are amortized over a period of ten
 years and five years respectively. Leasehold land is amortized under
 straight-line method over the period of lease.
 
 Investments
 
 Long term investments are stated at cost less provision for diminution,
 other than temporary, in their value. Current Investments are stated at
 lower of cost and market/fair value.
 
 Inventories
 
 Manufactured goods are valued at lower of cost, including excise duty
 payable at the time of removal of goods wherever applicable, and net
 realizable value. Cost is computed under weighted average method and
 includes attributable direct costs and production overheads.
 
 Traded goods are valued at lower of cost and net realizable value. Cost
 is computed at weighted average purchase price including applicable
 taxes and freight directly attributable to the purchase of traded
 goods.
 
 Stock-in-process is valued at lower of cost and net realizable value.
 Cost includes attributable direct costs and production overheads
 incurred up to the respective stage of completion.
 
 Other items of inventory are valued at lower of cost, computed under
 weighted average method, and net realizable value.
 
 Excise Duty
 
 Excise duty is accounted on removal of finished goods from the factory
 and provision is made for excise duty payable on stock of finished
 goods in hand at the balance sheet date.
 
 Employee Benefits
 
 Post-employment Benefit Plans
 
 Contributions to defined contribution retirement benefit schemes are
 recognised as expense when employees have rendered services entitling
 them to contributions.
 
 For defined benefit schemes, the cost of providing benefits is
 determined using the Projected Unit Credit Method, with actuarial
 valuation being carried out at each balance sheet date. Actuarial gains
 and losses are recognised in full in the profit and loss account of the
 period in which they occur. Past service cost is recognized immediately
 to the extent that the benefits are already vested,and otherwise is 
 amortised on a straight-line basis over the average period until the 
 benefits become vested.
 
 The retirement benefit obligation recognised in the balance sheet
 represents the present value of the defined benefit obligation as
 adjusted for unrecognised past service cost, and as reduced by the fair
 value of plan assets. Any asset resulting from this calculation is
 limited to the present value of available refunds and reductions in
 future contributions to the scheme.
 
 Short-term employee benefits
 
 The undiscounted amount of short-term employee benefits expected to be
 paid in exchange for the services rendered by employees is recognised
 during the period when the employees render the service. These benefits
 include compensated absences such as paid annual leave and performance
 incentives.
 
 Long-term employee benefits
 
 Compensated absences which are not expected to occur within the twelve
 months after the end of the period in which the employee renders the
 related services are recognised as liability at the present value of
 the defined benefit obligation at the balance sheet date.
 
 Research & Development
 
 Expenditure on research and development is charged to profit and loss
 account. Assets acquired for research and development are capitalised
 and depreciated in the same manner as other fixed assets.
 
 Revenue Recognition
 
 Sales revenue is recognised on transfer of title to the goods to the
 buyer. Dividend income is accounted for when right to receive dividend
 is established. Interest income is accounted on time proportion basis.
 
 Foreign Exchange Transactions
 
 Foreign exchange transactions are recorded at the rate of exchange
 prevailing on the date of transaction. Monetary assets and liabilities
 denominated in foreign currency are translated at year-end rates.
 Exchange gain/loss, if any, is credited / charged to the profit and
 loss account.
 
 Segment Reporting
 
 The accounting policies used for segment reporting are in line with the
 accounting policies of the Company. Revenues, expenses, assets and
 liabilities have been identified to segments on the basis of their
 relationship to the operating activities of the segment. Revenues,
 expenses, assets and liabilities, which relate to the enterprise as a
 whole, and are not allocable to segments on a reasonable basis, have
 been included under ''Unallocated Corporate Revenues, Expenses, Assets
 and Liabilities'' respectively.
 
 Earnings Per Share
 
 Basic and diluted earnings per share is computed in accordance with
 Accounting Standard 20 – ''Earnings Per Share'', specified in rule 3 of
 the Companies (Accounting Standards) Rules, 2006.  Basic earnings per
 share is computed by dividing the net profit after tax by the weighted
 average number of equity shares outstanding during the year. Diluted
 earnings per share reflect the potential dilution that could occur if
 securities or contracts to issue equity shares were exercised or
 converted during the year. Diluted earnings per share is computed using
 the weighted average number of equity shares outstanding during the
 year and dilutive potential equity shares outstanding at year end.
 
 Taxes on Income
 
 Current tax is determined as the amount of tax payable in respect of
 taxable income for the period as per the provisions of the Income Tax
 Act, 1961.
 
 Deferred tax is recognised, subject to the consideration of prudence,
 on timing differences, being the difference 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
 recognised and carried forward only to the extent there is reasonable
 certainty that sufficient future taxable income will be available
 against which such asset items can be realised.
 
 Provisions, Contingent Liabilities and Contingent Assets
 
 A Provision is recognized, in terms of Accounting Standard 29 –
 ''Provisions, Contingent Liabilities and Contingent Assets'', specified
 in Companies (Accounting Standards) Rules, 2006, when there is a
 present obligation as a result of a past event, and it is probable that
 an outflow of resources will be required to settle the obligation,
 which can be reliably estimated. Provision is not discounted to its
 present value and is determined based on the best estimate required to
 settle the obligation at the balance sheet date. Provisions are
 reviewed at each balance sheet date and adjusted to reflect the best
 current estimate.
 
 Contingent Liabilities are recognised only when there is a possible
 obligation arising from past events, due to occurrence or
 non-occurrence of one or more uncertain future events, not wholly
 within the control of the Company, or where any present obligation
 cannot be measured in terms of future outflow of resources, or where a
 reliable estimate of the obligation cannot be made.  Obligations are
 assessed on an ongoing basis and only those having a largely probable
 outflow of resources are provided for.
 
 Contingent Assets are not recognised in the financial statements.