1.  The financial statements of the company have been prepared in
 accordance with generally accepted accounting principles in India and
 comply in all material respects with the accounting standards notified
 under the Companies (Accounting standards) Rules,2006 as amended and
 the relevant provisions of Companies Act,1956. The financial statements
 have been prepared on an accrual basis and under the historical cost
 convention excepting revalued assets.
 
 2.  During the year ended 31st March, 2012, the revised Schedule VI
 notified under Companies Act,1956, has become applicable to the
 company, for preparation and presentation of its financial statements.
 
 The adoption of revised schedule VI, does not impact recognition and
 measurement principles followed for preparation of financial
 statements. However it has significant impact on presentation and
 disclosures made in financial statements.  The company has also
 reclassified the previous year figures in accordance with the
 requirements applicable in current year.
 
 3.  Fixed assets are stated at cost, net of accumulated depreciation.
 The cost comprises purchase price , borrowing costs if capitalisation
 criteria are met and directly attributable cost of bringing the asset
 to its working condition for the intended use. Any trade discounts and
 rebates are deducted in arriving at the purchase price. Subsequent
 expenditure is added to book value only if it increases the future
 benefits from the existing asset.
 
 4.  Depreciation on fixed assets is calculated on the straight line
 basis using the rates prescribed in Schedule XIV to the Companies
 Act,1956.Assets costing upto Rs.5000/- are written off on pro-rata
 basis in the year of acquisition.
 
 5.  Stock in trade is valued at lower of cost and net realisable value.
 
 6.  Sales Value is inclusive of Excise Duty but exclusive of VAT . Sale
 is recognised on removal of goods from factory
 
 7.  Transactions in foreign currency are recorded using the exchange
 rates on the date of accruing of the transaction. Balances in the form
 of current assets and current liabilities outstanding on the date of
 Balance Sheet are converted at the appropriate exchange rate as on the
 date of balance sheet. Exchange difference arising out of fluctuation
 in exchange rate is accounted for on realisation comparing the same
 with initial transaction amount or converted amount on the date of
 Balance Sheet comparing original amount as the case may be.
 
 8.  Government grants are accounted for on its becoming reasonably
 certain that the ultimate collection will be made.
 
 9.  Provision for income tax is made on the basis of prevailing laws
 and rates applicable for the relevant assessment year.  Deferred
 taxation is recognised for all the timing differences subject to the
 consideration of prudence and virtual certainty in respect of deferred
 tax assets in accordance with the accounting standared 22  Accounting
 for taxation of income issued by the Institute of Chartered
 Accountants of India.
 
 10. Employee Benefits:
 
 a PF and ESI are paid as per provisions of relevant statutes with the
 authorities of respective state and are charged to statement of Profit
 and Loss in the year to which it relates.
 
 b.  Gratuity being defined contribution is accounted for on accrual
 basis in accordance with the Payment of Gratuity Act,1972
 
 c.  Accumulated leaves being short term compensated leaves are provided
 for in the year of becoming due.