a) Basis of accounting and preparation of financial statements:

i) The accounts of the company have been prepared on going concern assumption and accrual basis of accounting.

ii) The financial statements of the Company have been prepared in accordance with the Generally Accepted
Accounting Principles in India (Indian GAAP) to comply with the Accounting Standards specified under Section 133
of the Companies Act, 2013 and the relevant provisions of the Companies Act, 2013 (""the 2013 Act""), as applicable.
The financial statements have been prepared on accrual basis under the historical cost convention. The
accounting policies adopted in the preparation of the financial statements are consistent with those followed in
the previous year.

iii) Accounting policies not specifically referred to otherwise are consistent and in consonance with generally
accepted accounting principles in India

b) Operating Cycle:

All assets and liabilities have been classified as current or non-current as per the Company's normal operating cycle
and other criteria set out in Schedule III to the Companies Act, 2013. Based on the nature of products and the time
between the acquisition of assets for processing and their realization in cash and cash equivalents, the Company has
determined its operating cycle as twelve months for the purpose of current - non-current classification of assets and
liabilities.

c) Use of estimates:

The preparation of the Financial Information in conformity with GAAP requires management to make estimates and
assumptions that affect the reported balances of assets and liabilities and disclosures relating to contingent liabilities
as at the date of the financial statements and reported amounts of income and expenses during the period. Examples of
such estimates include computation of percentage of completion which requires the Company to estimate the efforts
or costs expended to date as a proportion of the total efforts or costs to be expended, provisions for doubtful debts,
future obligations under employee retirement benefit plans, income taxes, post-sales customer support and the useful
lives of fixed tangible assets and intangible assets.

Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate
changes in estimates are made as the Management becomes aware of changes in circumstances surrounding the
estimates. Changes in estimates are reflected in the financial statements in the period in which changes are made and,
if material, their effects are disclosed in the notes to the financial statements.

d) Inventories:

i) Inventories of Raw Material are carried at lower of cost or net realizable value on FIFO basis.

ii) Cost of inventory comprises all costs of purchases, duties & taxes (other than those subsequently
recoverable from tax authorities) and all other costs incurred in bringing the inventory to their present
location and condition. costs incurred in bringing the inventories to their present location and condition.

e) Property, Plant & Equipment:

i) An item of Property, Plant and Equipment is recognised as an asset if it is probable that future economic benefits
associated with the item will flow to the Company and the cost of the item can be measured reliably. Fixed Assets

are capitalized at acquisition cost, including directly attributable cost such as freight, Insurance and specific
installation charges up to the point the asset is ready for its intended use.

ii) The cost comprises of - purchase price (net of GST)and any cost incurred which is directly attributable to bring the
asset to the location and condition necessary for it to be capable of operating in the manner intended by
management.

iii) Cost of Day to day servicing of Property, Plant and Equipment, which primarily include labour & Consumables are
charged to the statement of profit & Loss under head repairs and Maintenance.

iv) An item of Property, Plant and Equipment are stated at cost Model accounting policy as at year end. i.e it is carried
at its cost less any accumulated depreciation and any accumulated impairment losses.

f) Depreciation and amortisation:

I) Depreciation on Property, Plant and Equipment is calculated on a WDV basis using the rates arrived at based on
the useful lives of fixed assets specified by Schedule II to the Companies Act, 2013.

ii) The depreciation method used reflects the pattern in which the future economic benefits of the asset are
expected to be consumed by the enterprise, i.e the useful life of the assets.

iii) The residual value and the useful life of an asset is reviewed at each financial year-end and, if expectations differ
from previous estimates, the change(s) is accounted for as a change in an accounting estimate in accordance with
AS 5, Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies.

iv) Assets costing less than Rs 5,000 are depreciated at the rate of 100% and same is debited to statement of profit &
loss.

g) Revenue recognition:

i) Sale of goods are recognised when the substantial risks and rewards of ownership in goods are transferred to the
buyer, upon supply of goods, and raising of bill for the same.

ii) Sales are reflected at exclusive of Goods and Service Tax

iii) Interest income is recognised on time proportion basis.

iv) Revenue is recognized to the extent it is probable that the economic benefits will flow to the Company and it can
be reliably measured.

h) Investments :

i) Investment that are readily realizable and are intended to be held for not more than one year from the date, on
which such investments are made, are classified as current investments. All other investments are classified as
long - term investments (non-current investments).

ii) Current investments are carried at cost or fair value, whichever is lower.

iii) Long-term investments are carried at cost.

i) Retirement and other employee benefits:

i) All short-term employee benefits are recognized at their undiscounted amount in the accounting period in which
they are incurred. Company's contribution to Provident Fund & ESIC is accounted on accrual basis & charged to
Profit & Loss Account.

ii) Leave encashment does not form part of the retirement benefits to the employees therefore the same is not
provided for.

iii) In accordance with applicable Indian laws, the Company provides for gratuity. Gratuity provides a lump sum
payment to vested employees, at retirement or termination of employment, an amount based on the respective
employee's last drawn salary and the years of employment with the Company and future increments. Liability with
regard to gratuity is accrued based on third party valuations at the balance sheet date. Gain or loss is recognized

immediately in the statement of profit and loss as income or expense.

j) Taxation:

(i) Tax expense comprises of current and deferred tax. Current income tax is measured at the amount expected to be
paid to the tax authorities in accordance with the, Income Tax Act, 1961 enacted in India. Deferred income taxes
reflects the impact of current year timing differences between taxable income and accounting income for the year
and reversal of timing differences of earlier years.

(ii) Provision for taxation has been made considering the disallow able, exemptions and deductions and/or
liabilities/credits and set offs available under the Income Tax / MAT as per The Law as laid down and interpreted by
various authorities and in consistency with AS-22 “Taxes on Income” issued by ICAI.

(iii) Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance
sheet date. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off
current tax assets against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to the
taxes on income levied by same governing taxation laws. Deferred tax assets are recognised only to the extent that
there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax
assets can be realised. The changes and movements in Deferred Tax are given below: