a) BASIS OF ACCOUNTING
 
 The Accounts are prepared on accrual basis under the historical cost
 convention and to comply in all material aspects with the applicable
 accounting principles in India, the accounting standards issued by the
 Institute of Chartered Accountants of India and the relevant provisions
 of the Companies Act, 1956.
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles in India requires the Management to make
 estimates and assumptions considered in the reported amounts of assets
 and liabilities (including contingent liabilities) as of the date of
 the financial statements and the reported income and expenses during
 the reported period. Management believes that the estimates used in
 preparation of the financial statements are prudent and reasonable.
 Future results could differ from these estimates.
 
 b) REVENUE RECOGNITION
 
 Sales are recognised when goods are supplied to customers and are
 recorded net of sales tax/ value added tax, trade Discounts, Rebate and
 Returns but includes excise duty. Dividend income on investments is
 accounted when the right to receive the dividend is established.
 
 Revenue in respect of Insurance/other claims, interest etc. is
 recognised only when it is reasonably certain that the ultimate
 collection will be made.
 
 c) EXPORT BENEFITS
 
 Export benefits under various schemes of Government of hidia are
 accounted on accrual basis on the basis of exports made and the value
 of imports made/ to be made there against.
 
 d) FIXED ASSETS
 
 Fixed Assets are recorded at Cost of acquisition. They are stated at
 historical costs including incidental expenses.
 
 e) DEPRECIATION/AMORTISATION
 
 i) On Tangible Assets:
 
 Depreciation has been calculated on straight-line basis in accordance
 with the provisions of section 205(2)(b) of the
 
 Companies Act, 1956 at the rates and in the manner specified in
 schedule XIV of the said act.
 
 Cost of Leasehold Land is amortised over the period of lease.
 
 Cost of Leasehold improvements is amortised over the primary period of
 lease. However, in cases where the company as a lessee has the right of
 renewal of lease and it is intended to renew for further periods, then
 the cost of such leasehold improvements is amortised over such extended
 period, not exceeding 10 years.
 
 ii) On Intangible Assets:
 
 a) Goodwill
 
 At the time of acquisition of the business, the difference between the
 cost of investments and the fair value of assets as at the date of
 acquisition is accounted for as goodwill. Goodwill is amortised over a
 period of 10 years.
 
 Goodwill on amalgamation in the nature of merger is amortised over a
 period of 5 years.
 
 b) Computer software is amortised on straight line basis over a period
 of 6 years.
 
 f) IMPAIRMENT OF ASSETS
 
 An asset is treated as impaired when the carrying cost of asset exceeds
 its recoverable value. Recoverable amount is the higher of an asset''s
 net selling price and its value in use.  Value in use is the present
 value of estimated future cash flows expected to arise from the
 continuing use of the asset and from its disposal at the end of its
 useful life. Net selling price is the amount obtainable from sale of
 the asset in an arm''s length transaction between knowledgeable, willing
 parties, less the costs of disposal. An impairment loss is charged to
 Statement of Profit and Loss in the year in which an asset is
 identified as impaired. The impaired loss recognised in prior
 accounting periods is reversed if there has been a change in the
 estimate of the recoverable value.
 
 g) INVESTMENTS
 
 Investments are classified into non-current investments and current
 investments.  Investments, which are intended to be held for more than
 one year, are classified as non- current investments and investments,
 which are intended to be held for less than one year, are classified as
 current investments. Non- current investments are accounted at cost and
 a provision for diminution is made to recognize a decline other than
 temporary in the value of long term investments. Current investments
 are valued at cost or fair value whichever is lower.
 
 Investments include investments in shares of a company registered
 outside India. They are stated at cost by converting at the rate of
 exchange prevalent at the time of acquisition thereof.
 
 Any profit or loss on sale of investments is determined on the basis of
 the average cost of acquisition.
 
 h) TRANSACTIONS IN FOREIGN CURRENCY
 
 Transactions in foreign currencies are recorded at the exchange rate
 prevailing on the date of the transaction. Monetary items denominated
 in foreign currencies are restated at the exchange rate prevailing on
 the balance sheet date.  Exchange differences arising on settlement of
 the transaction and on account of restatement of monetary items are
 dealt with in the Statement of Profit and Loss.
 
 Forward exchange contracts entered into to hedge the foreign currency
 risk and outstanding as on balance sheet date are translated at year
 end exchange rates. The premium or discount arising at the inception of
 such forward exchange contracts are amortised as income or expense over
 the life of the contract.
 
 Gains/Losses on settlement of transactions arising on
 cancellation/renewal of forward exchange contracts are recognized as
 income or expense.
 
 i) HEDGE ACCOUNTING
 
 The Company uses foreign currency forward contracts to hedge its risks
 associated with foreign currency fluctuations relating to certain firm
 commitments and forecasted transactions.  The Company designates these
 hedging instruments as cash flow hedges applying the recognition and
 measurement principles set out in the Accounting Standard 30 Financial
 Instruments: Recognition and Measurement (AS-30).
 
 The use of hedging instruments is governed by the Company''s policies
 approved by the board of directors, which provide written principles on
 the use of such financial derivatives consistent with the Company''s
 risk management strategy.
 
 Hedging instruments are initially measured at fair value, and are
 remeasured at subsequent reporting dates.
 
 Changes in the fair value of these derivatives that are designated and
 effective as hedges of future cash flows are recognised directly in
 shareholders'' funds and the ineffective portion is recognised
 immediately in the Statement of Profit and Loss.
 
 Changes in the fair value of derivative financial instruments that do
 not qualify for hedge accounting are recognised in the Statement of
 Profit and Loss as they arise.
 
 If a hedged transaction is no longer expected to occur, the net
 cumulative gain or loss recognised in shareholders'' funds is
 transferred to the Statement of Profit and Loss for the period.
 
 j) INVENTORIES
 
 a) Raw materials are valued at cost or net realisable value whichever
 is lower. The cost includes purchase price as well as incidental
 expenses. The cost formulae used are First In First Out, Weighted
 average cost or Specific identification method, as applicable and found
 appropriate.
 
 b) Work -in - progress is valued at cost calculated on the basis of
 absorption costing or net realisable value whichever is lower.
 
 c) Finished goods are valued at cost or net realisable value whichever
 is lower. Cost is determined on the basis of absorption costing.
 
 d) Packing materials and accessories are valued at First in First out
 cost or net realisable value whichever is lower.
 
 e) Stores and spare parts are valued at First in First out cost or net
 realisable value whichever is lower.
 
 k) EMPLOYEE BENEFITS
 
 a) The contribution to Provident Fund as required under the statute is
 made to the Government Provident Fund and is debited to Statement of
 Profit and Loss.
 
 b) Gratuity liability is a defined benefit obligation. The Company has
 taken Group gratuity- cum-life assurance (cash accumulation) Scheme
 offered by Life Insurance Corporation of India (LIC) .  Annual
 contributions are made on the basis of intimation received from LIC.
 The company accounts for liability for future gratuity benefits based
 on actuarial valuation carried out as at the end of each financial
 year. Actuarial gains and losses are recognized in full in Statement of
 Profit and Loss for the period in which they occur.
 
 c) Benefits in the form of vesting and non-vesting compensated absences
 are accounted as per actuarial valuation carried out as at the year
 end.
 
 1) TAXES ON INCOME
 
 Income Taxes are accounted for in accordance with Accounting Standard
 (AS 22) - Accounting for Taxes on Income, notified under the Companies
 (Accounting Standard) Rules, 2006. Income Tax comprises both current
 and deferred tax.
 
 Current tax is measured at the amount expected to be paid to/recovered
 from the revenue authorities, using applicable tax rates and laws.
 
 The tax effect of the timing differences that result between taxable
 income and accounting income and are capable of reversal in one or more
 subsequent periods are recorded as a deferred tax asset or deferred tax
 liability. They are measured using the substantively enacted tax rates
 and tax regulations as of the Balance Sheet date.
 
 Deferred tax assets arising mainly on account of brought forward losses
 and unabsorbed depreciation under tax laws are recognised only if there
 is virtual certainty of its realization, supported by convincing
 evidence.  Deferred tax assets on account of other timing differences
 are recognized only to the extent there is a reasonable certainty of
 its realisation.
 
 m) BORROWING COST
 
 Interest and other costs in connection with the borrowing of the funds
 to the extent related/ attributed to the acquisition/construction of
 qualifying fixed assets are capitalised up to the date when such assets
 are ready for its intended use and all other borrowing costs are
 recognised as an expense in the period in which they are incurred.
 
 n) LEASES
 
 Assets taken / given on lease by which all significant risks and
 rewards of ownership are retained by the lessor are classified as
 operating leases. Lease payment/receipts under operating leases are
 recognized as expense/income on straight line basis over the lease
 term.
 
 o) PROVISIONS AND CONTINGENCIES
 
 Provisions are recognized when the Company has a legal and constructive
 obligation as a result of a past event, for which it is probable that
 cash outflow will be required and a reliable estimate can be made of
 the amount of the obligation. Contingent liabilities are disclosed when
 the Company has a possible or present obligation where it is not
 probable that an outflow of resources will be required to settle it.
 Contingent assets are neither recognized nor disclosed.