The financial statements of the company are prepared under the
 historical cost convention and in accordance with applicable mandatory
 accounting standards issued by the institute of Chartered Accountants
 of India and the relevant provision of the Companies Act, 1956.
 Accounting policies not specifically referred to are consistent with
 generally accepted accounting practices.  The company follows
 mercantile system of accounting policies which is stated below.
 
 A.  REVENUE RECOGNITION
 
 The company follows percentage of completion method for recognition of
 income as per AS – 7 relating to construction contracts.  Income from
 operation is the value of construction work handed over to customers,
 less income already recognized during the previous accounting year as
 per AS – 7.
 
 In respect of sale of mineral water, Sales include Sales Tax and
 Freight and cartage charges. Revenue is recognized at the point of
 billing.
 
 Value of Construction work
 
 The value of construction work done during the year is determined as
 follows;
 
 In respect of project in progress at close of the accounting year, it
 is difference between the closing and opening work-in-progress duly
 adjusted for value additions if any, under the percentage completion
 method.
 
 Interest cost for the project yet to be commenced and as well as
 selling expenses pertaining to that project has not been recognized as
 expenditure during the year However it has been considered as
 expenditure for the purpose of Tax provision under Income tax Act.
 
 B. FIXED ASSETS AND DEPRECIATION
 
 Fixed assets other than land are accounted at cost less Depreciation
 and impairment loss if any.
 
 Depreciation on fixed assets have been provided on straight line method
 prescribed under Schedule XIV of the Companies Act 1956 as amended with
 effect from 16th December 1993 on the original cost of fixed assets.
 
 Expenditure of Capital nature is capitalized at cost that comprise
 purchase price and any cost directly attributable to bring the asset to
 its working condition for the intended use.
 
 C. INVESTMENTS
 
 Investments are categorized into Long Term and Current Investments.
 Long-term investment are stated at cost and unless there is permanent
 fall in value. And no provision is made for the increase or decrease in
 the market value as required AS 13. The investments in equity shares
 are quoted shares.
 
 D. WORK-IN-PROGRESS
 
 Work in progress in respect of each project is valued at the close of
 the accounting period as aggregate of land cost, material consumed,
 labour charges and other direct expenditure including interest on
 borrowed fund for the project.  Building material lying unused at each
 project site is also added to the project cost. An adjustment for value
 addition is made on the following basis. Firstly the percentage of work
 completed is ascertained on project wherever advances are received and
 its proportion to the total estimated cost of the project is worked
 out. Next profit is estimated on the total project and profit is
 recognized as percentage of work completed. In the Balance sheet net
 off work-in-progress minus sales advance is disclosed.
 
 E. AMALGAMATION
 
 During the year the company has made preferential allotment of 13495070
 equity shares to the share holders of High End Homes P Ltd pursuant to
 the scheme of amalgamation duly by Hon''ble Madras High Court. The
 appointed date for Merger is 01.04.2009 and the effective date of the
 merger is 02.12.2010
 
 The shares were allotted on the basis of one equity share of Vijay
 Shanthi Builders Ltd for every three shares held by the shareholders in
 High End Homes Private Limited.
 
 F. BALANCE CONFIRMATION
 
 Debtors, Creditors, Loans and Advances are subject to confirmation. In
 case of debtors it is recoverable in kind or in cash and it is fully
 secured.
 
 G. PROVISION, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
 
 Provisions involving 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. Contingent assets are neither recognized nor disclosed in the
 financial statements.
 
 H FOREIGN CURRENCY TRANSACTION
 
 Foreign Currency Transactions are recognized in the books at the
 exchange rates prevailing on the date of transaction.
 
 I EMPLOYEE BENEFIT PLAN
 
 The Company''s Provident Fund Scheme is defined contribution fund and
 the Company''s contribution paid or payable is recognized as expenses in
 the Profit and Loss Account during the period in which the employees
 render the related service.
 
 The Gratuity liabilities are provided on Management Estimated basis and
 are charged to Profit and Loss account and it is neither invested in
 any Group Gratuity Scheme of LIC nor Company''s own recognize Gratuity
 Scheme.
 
 J IMPAIRMENT OF ASSETS
 
 An asset is treated as impaired when the carrying cost of assets
 exceeds its recoverable value. Impairment Loss is charged to profit and
 loss account in the year in which an asset is identified as impaired.
 During the year impairment loss is recognized.