Accounting Policies of Vintron Informatics Ltd. Company

Mar 31, 2025

2. Material accounting policies

2.1 Basis of preparation

The financial statements of the Company have been prepared in accordance with Indian Accounting
Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 and the
Companies (Indian Accounting Standards) (Amendment) Rules, 2016.

The financial statements have been prepared on a historical cost basis, except for the certain assets and
liabilities which have been measured at different basis and such basis has been disclosed in relevant
accounting policy.

The financial statements are presented in INR and all values are rounded to the nearest lacs (INR 00,000),
except when otherwise indicated.

2.2 Material accounting policies

a. Current versus non-current classification

The Company presents assets and liabilities in the balance sheet based on current / non-current classification.
An asset/liability is treated as current when it is:

• Expected to be realised or intended to be sold or consumed or settled in normal operating cycle

• Held primarily for the purpose of trading

• Expected to be realised/settled within twelve months after the reporting period, or

• Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least
twelve months after the reporting period

• There is no unconditional right to defer the settlement of the liability for at least twelve months after
the reporting period.

All other assets and liabilities are classified as non-current.

The Company classifies all other liabilities as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities respectively.

b. Property, plant and equipment
i) Tangible assets

Property, plant and equipment are stated at cost [i.e., cost of acquisition or construction inclusive of freight,
erection and commissioning charges, non-refundable duties and taxes, expenditure during construction
period, borrowing costs (in case of a qualifying asset) upto the date of acquisition/ installation], net of
accumulated depreciation.

When significant parts of property, plant and equipment (identified individually as component) are required to
be replaced at intervals, the Company derecognizes the replaced part, and recognizes the new part with its

own associated useful life and it is depreciated accordingly. Whenever major inspection/overhaul/repair is
performed, its cost is recognized in the carrying amount of respective assets as a replacement, if the
recognition criteria are satisfied. All other repair and maintenance costs are recognized in the statement of
profit and loss.

The present value of the expected cost for the decommissioning of an asset after its use is included in the cost
of the respective asset if the recognition criteria for a provision are met.

Property, plant and equipments are eliminated from financial statements, either on disposal or when retired
from active use. Losses/gains arising in case retirement/disposals of property, plant and equipment are
recognized in the statement of profit and loss in the year of occurrence.

Depreciation on property, plant and equipments are provided to the extent of depreciable amount on the
straight line (SLM) Method. Depreciation is provided at the rates and in the manner prescribed in Schedule II
to the Companies Act, 2013 except on some assets, where useful life has been taken based on external /
internal technical evaluation as given below:

Particulars Useful lives

Office equipment 5 years

Furniture and fixture 10 years

Computer 3 years

Plant and Machinery 20 years

The residual values, useful lives and methods of depreciation/amortization of property, plant and equipment
are reviewed at each financial year end and adjusted prospectively, if appropriate.

c. Intangible Assets

Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition,
intangible assets are carried at cost less any accumulated amortization.

Intangible assets with finite lives (i.e. software and licenses) are amortized over the useful economic life and
assessed for impairment whenever there is an indication that the intangible asset may be impaired. The
amortisation period and method for an intangible asset is reviewed at least at the end of each reporting
period.

Costs relating to computer software are capitalised and amortised on straight line method over their
estimated useful economic life of six years.

d. Impairment of non-financial assets

The Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If
any indication exists, or when annual impairment testing for an asset is required, the Company estimates the
asset''s recoverable amount. An asset''s recoverable amount is the higher of an asset''s or cash-generating unit''s
(CGU) fair value less costs of disposal and its value in use. Recoverable amount is determined for an individual
asset, unless the asset does not generate cash inflows that are largely independent of those from other assets
or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is
considered impaired and is written down to its recoverable amount.

Impairment losses of continuing operations, including impairment on inventories, are recognised in the
statement of profit and loss.

e. Inventories

Items of inventories are measured at lower of cost and net realizable value after providing for obsolescence,
wherever considered necessary. Cost of inventories comprises of cost of purchase, cost of conversion and
other costs including manufacturing overheads incurred in bringing them to their respective present location

and condition. Cost of raw material, stores and spares, packing materials, trading and other products are
determined on FIFO basis.

f. Revenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company
and the revenue can be reliably measured, regardless of when the payment is being made. Revenue from
operations includes sale of goods, services, adjusted for discounts (net).

Revenue from job work charges is accounted for on the basis of raising the invoice on completion of jobs.
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the
interest rate applicable.

g. Foreign currency transactions

The Company''s financial statements are presented in INR, which is also its functional currency.

Foreign currency transactions are initially recorded in functional currency using the exchange rates at the date
the transaction.

At each balance sheet date, foreign currency monetary items are reported using the exchange rate prevailing
at the year end.

Exchange differences arising on settlement or translation of monetary items are recognised in statement of
profit and loss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using
the exchange rates at the dates of the initial transactions.

h. Taxes on income

Current tax

Current tax is measured at the amount expected to be paid/ recovered to/from the taxation authorities. The
tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the
reporting date.

Current income tax relating to items recognised directly in equity/other comprehensive income is recognised
under the respective head and not in the statement of profit & loss. Management periodically evaluates
positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to
interpretation and establishes provisions where appropriate.

Current tax assets are offset against current tax liabilities if, and only if, a legally enforceable right exists to set
off the recognised amounts and there is an intention either to settle on a net basis, or to realise the asset and
settle the liability simultaneously.

Deferred tax

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets
and liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax
credits and any unused tax losses. Deferred tax assets are recognised to the extent that it is probable that
taxable profit will be available against which the deductible temporary differences, and the carry forward of
unused tax credits and unused tax losses can be utilised.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when
the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or
substantively enacted at the balance sheet date. Tax relating to items recognized directly in equity/other
comprehensive income is recognized in respective head and not in the statement of profit & loss.

The carrying amount of deferred tax assets is reviewed at each balance sheet date and is adjusted to the
extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset
to be recovered.

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 taxes relate to the same taxable entity and the same
taxation authority.

i. Employee benefits

All employee benefits that are expected to be settled wholly within twelve months after the end of period in
which the employee renders the related services are classified as short-term employee benefits. Benefits such
as salaries, wages, short-term compensated absences, etc. are recognized as expense during the period in
which the employee renders related service.

The Employee benefits comprising defined benefit plan and defined contribution plan. Defined contribution
plan is recognized as expenses on accrual basis to the extent of Company''s contribution as an employer.
Defined benefit plan of gratuity and the same are provided as expenses on the basis of demand raised by
insurance company. Leave encashment benefit is accounted for on the basis of accumulated entitlement of
the employee as at the end of the year and valued on last salary drawn.

The Company''s contribution to the Provident Fund is remitted to provident fund authorities and are based on
a fixed percentage of the eligible employee''s salary and debited to Statement of Profit and Loss.

j. Leases

A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a
period of time in exchange for consideration.

The Company as a lessee

Leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset
is available for use by the Company. Contracts may contain both lease and non-lease components. The
Company allocates the consideration in the contract to the lease and non-lease components based on their
relative stand-alone prices.

Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include
the net present value of the following lease payments:

• fixed payments (including in -substance fixed payments), less any lease incentives receivable

• variable lease payment that are based on an index or a rate, initially measured using the index or rate
as at the commencement date

• amounts expected to be payable under residual value guarantees, if any

• the exercise price of a purchase option if any, if the Company is reasonably certain to exercise that
option
• payment for penalties for terminating the lease, if the lease term reflects the Company exercising that
option

The lease payments are discounted using the interest rate implicit in the lease. If the rate cannot be readily
determined, which is generally the case for leases in the Company, the lessee''s incremental borrowing rate is
used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an
asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security
and conditions.

Lease payments are allocated between principal and finance cost. The finance cost is charged to the statement
of profit and loss over the lease period so as to produce a constant periodic rate of interest on the remaining
balance of the liability for each period. Variable lease payments that depends on sales are recognised in the
statement of profit and loss in the period in which the condition that triggers those payments occurs.

Right-of-use assets are generally depreciated over the shorter of the asset''s useful life and the lease term on a
straight-line basis. If the Company is reasonably certain to exercise a purchase option, the right-of-use asset is
depreciated over the underlying assets useful life.

Payments associated with short-term leases are recognised on a straight-line basis as an expense in the
statement of profit and loss. Short term leases are the leases with a lease term of 12 months or less. Further,
rental payments for the land where lease period is considered to be indefinite or indeterminable, these are
charged off to the statement of profit and loss.

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Mar 31, 2023

2. Significant accounting policies

2.1 Basis of preparation

The financial statements of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS)
notified under the Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards)
(Amendment) Rules, 2016.

The financial statements have been prepared on a historical cost basis, except for the certain assets and liabilities which
have been measured at different basis and such basis has been disclosed in relevant accounting policy.

The financial statements are presented in INR and all values are rounded to the nearest lacs (INR 00,000), except when
otherwise indicated.

2.2 Significant accounting policies

a. Business combinations and goodwill

Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the
aggregate of the consideration transferred measured at acquisition date fair value and the amount of any non-controlling
interests in the acquiree. For each business combination, the Group elects whether to measure the noncontrolling
interests in the acquiree at fair value or at the proportionate share of the acquiree’s identifiable net assets.
Acquisition-related costs are expensed as incurred. At the acquisition date, the identifiable assets acquired and the
liabilities assumed are recognised at their acquisition date fair values. For this purpose, the liabilities assumed include
contingent liabilities representing present obligation and they are measured at their acquisition fair values irrespective
of the fact that outflow of resources embodying economic benefits is not probable. However, the following assets and
liabilities acquired in a business combination are measured at the basis indicated below:

Assets or liabilities related to employee benefit arrangements are recognised and measured in accordance with Ind
AS 19 Employee Benefits.

When the Group acquires a business, it assesses the financial assets and liabilities assumed for appropriate
classification and designation in accordance with the contractual terms, economic circumstances and pertinent
conditions as at the acquisition date. This includes the separation of embedded derivatives in host contracts by the
acquiree. If the business combination is achieved in stages, any previously held equity interest is re-measured at its
acquisition date fair value and any resulting gain or loss is recognised in profit or loss or OCI, as appropriate.

Any contingent consideration to be transferred by the acquirer is recognised at fair value at the acquisition date.
Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of Ind AS
109 Financial Instruments, is measured at fair value with changes in fair value recognised in profit or loss. If the
contingent consideration is not within the scope of Ind AS 109, it is measured in accordance with the appropriate Ind
AS. Contingent consideration that is classified as equity is not re-measured at subsequent reporting dates and
subsequent its settlement is accounted for within equity.

Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the
amount recognised for non-controlling interests, and any previous interest held, over the net identifiable assets acquired
and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred,
the Group re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed
and reviews the procedures used to measure the amounts to be recognised at the acquisition date. If the reassessment
still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the
gain is recognised in OCI and accumulated in equity as capital reserve. However, if there is no clear evidence of
bargain purchase, the entity recognises the gain directly in equity as capital reserve, without routing the same through
OCI.

After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of
impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the
Group’s cash-generating units that are expected to benefit from the combination, irrespective of whether other assets
or liabilities of the acquiree are assigned to those units.

A cash generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently
when there is an indication that the unit may be impaired. If the recoverable amount of the cash generating unit is less

than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated
to the unit and then to the other assets of the unit pro rata based on the carrying amount of each asset in the unit.
Any impairment loss for goodwill is recognised in profit or loss. An impairment loss recognised for goodwill is not
reversed in subsequent periods.

Where goodwill has been allocated to a cash-generating unit and part of the operation within that unit is disposed of,
the goodwill associated with the disposed operation is included in the carrying amount of the operation when determining
the gain or loss on disposal. Goodwill disposed in these circumstances is measured based on the relative values of
the disposed operation and the portion of the cash-generating unit retained.

If the initial accounting for a business combination is incomplete by the end of the reporting period in which the
combination occurs, the Group reports provisional amounts for the items for which the accounting is incomplete.
Those provisional amounts are adjusted through goodwill during the measurement period, or additional assets or
liabilities are recognised, to reflect new information obtained about facts and circumstances that existed at the acquisition
date that, if known, would have affected the amounts recognized at that date. These adjustments are called as
measurement period adjustments. The measurement period does not exceed one year from the acquisition date.

b. Current versus non-current classification

The Company presents assets and liabilities in the balance sheet based on current / non-current classification.

An asset/liability is treated as current when it is:

• Expected to be realised or intended to be sold or consumed or settled in normal operating cycle

• Held primarily for the purpose of trading

• Expected to be realised/settled within twelve months after the reporting period, or

• Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve
months after the reporting period

• There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting
period.

All other assets and liabilities are classified as non-current.

The Company classifies all other liabilities as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities respectively.

c. Property, plant and equipment

i) Tangible assets

Property, plant and equipment are stated at cost [i.e., cost of acquisition or construction inclusive of freight,
erection and commissioning charges, non-refundable duties and taxes, expenditure during construction period,
borrowing costs (in case of a qualifying asset) upto the date of acquisition/ installation], net of accumulated
depreciation.

When significant parts of property, plant and equipment (identified individually as component) are required to be
replaced at intervals, the Company derecognizes the replaced part, and recognizes the new part with its own
associated useful life and it is depreciated accordingly. Whenever major inspection/overhaul/repair is performed,
its cost is recognized in the carrying amount of respective assets as a replacement, if the recognition criteria are
satisfied. All other repair and maintenance costs are recognized in the statement of profit and loss.

The present value of the expected cost for the decommissioning of an asset after its use is included in the cost
of the respective asset if the recognition criteria for a provision are met.

Property, plant and equipments are eliminated from financial statements, either on disposal or when retired from
active use. Losses/gains arising in case retirement/disposals of property, plant and equipment are recognized in
the statement of profit and loss in the year of occurrence.

Depreciation on property, plant and equipments are provided to the extent of depreciable amount on the straight
line (SLM) Method. Depreciation is provided at the rates and in the manner prescribed in Schedule II to the
Companies Act, 2013 except on some assets, where useful life has been taken based on external / internal
technical evaluation as given below:

Particulars Useful lives

Plant and Machinery 20 years

The residual values, useful lives and methods of depreciation/amortization of property, plant and equipment are
reviewed at each financial year end and adjusted prospectively, if appropriate.

ii) Capital work in progress

Capital work in progress includes construction stores including material in transit/ equipment / services, etc.
received at site for use in the projects.

All revenue expenses incurred during construction period, which are exclusively attributable to acquisition /
construction of fixed assets, are capitalized at the time of commissioning of such assets.

d. Intangible Assets

Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible
assets are carried at cost less any accumulated amortization.

Intangible assets with finite lives (i.e. software and licenses) are amortized over the useful economic life and assessed for
impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and method
for an intangible asset is reviewed at least at the end of each reporting period.

Costs relating to computer software are capitalised and amortised on straight line method over their estimated useful
economic life of six years.

e. Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a
substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of the respective
asset. All other borrowing costs are expensed in the period in which they occur.

f. Impairment of non-financial assets

The Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any
indication exists, or when annual impairment testing for an asset is required, the Company estimates the asset’s
recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s (CGU) fair
value less costs of disposal and its value in use. Recoverable amount is determined for an individual asset, unless
the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets.
When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and
is written down to its recoverable amount.

Impairment losses of continuing operations, including impairment on inventories, are recognised in the statement of
profit and loss.

g. Inventories

Items of inventories are measured at lower of cost and net realizable value after providing for obsolescence, wherever
considered necessary. Cost of inventories comprises of cost of purchase, cost of conversion and other costs including
manufacturing overheads incurred in bringing them to their respective present location and condition. Cost of raw
material, stores and spares, packing materials, trading and other products are determined on FIFO basis.

h. Revenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the
revenue can be reliably measured, regardless of when the payment is being made. Revenue from operations includes
sale of goods, services, adjusted for discounts (net).

Revenue from job work charges is accounted for on the basis of raising the invoice on completion of jobs.

Interest income is recognized on a time proportion basis taking into account the amount outstanding and the interest
rate applicable.

i. Foreign currency transactions

The Company’s financial statements are presented in INR, which is also its functional currency.

Foreign currency transactions are initially recorded in functional currency using the exchange rates at the date the
transaction.

At each balance sheet date, foreign currency monetary items are reported using the exchange rate prevailing at the
year end.

Exchange differences arising on settlement or translation of monetary items are recognised in statement of profit and
loss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the
exchange rates at the dates of the initial transactions.

j. Taxes on income
Current tax

Current tax is measured at the amount expected to be paid/ recovered to/from the taxation authorities. The tax rates
and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date.
Current income tax relating to items recognised directly in equity/other comprehensive income is recognised under
the respective head and not in the statement of profit & loss. Management periodically evaluates positions taken in
the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes
provisions where appropriate.

Current tax assets are offset against current tax liabilities if, and only if, a legally enforceable right exists to set off the
recognised amounts and there is an intention either to settle on a net basis, or to realise the asset and settle the
liability simultaneously.

Deferred tax

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and
liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits
and any unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable profit will
be available against which the deductible temporary differences, and the carry forward of unused tax credits and
unused tax losses can be utilised.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the
asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively
enacted at the balance sheet date. Tax relating to items recognized directly in equity/other comprehensive income is
recognized in respective head and not in the statement of profit & loss.

The carrying amount of deferred tax assets is reviewed at each balance sheet date and is adjusted to the extent that
it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset to be recovered.
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 taxes relate to the same taxable entity and the same taxation
authority.

k. Employee benefits

All employee benefits that are expected to be settled wholly within twelve months after the end of period in which the
employee renders the related services are classified as short term employee benefits. Benefits such as salaries,
wages, short-term compensated absences, etc. are recognized as expense during the period in which the employee
renders related service.

The Employee benefits comprising defined benefit plan and defined contribution plan. Defined contribution plan is
recognized as expenses on accrual basis to the extent of Company’s contribution as an employer. Defined benefit
plan of gratuity and the same are provided as expenses on the basis of demand raised by insurance company. Leave
encashment benefit is accounted for on the basis of accumulated entitlement of the employee as at the end of the
year and valued on last salary drawn.

The Company’s contribution to the Provident Fund is remitted to provident fund authorities and are based on a fixed
percentage of the eligible employee’s salary and debited to Statement of Profit and Loss.

l. Leases

A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period
of time in exchange for consideration.

The Company as a lessee

Leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is
available for use by the Company. Contracts may contain both lease and non-lease components. The Company
allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone
prices.

Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the
net present value of the following lease payments:

• fixed payments (including in -substance fixed payments), less any lease incentives receivable

• variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the
commencement date

• amounts expected to be payable under residual value guarantees, if any

• the exercise price of a purchase option if any, if the Company is reasonably certain to exercise that option

• payment for penalties for terminating the lease, if the lease term reflects the Company exercising that option
The lease payments are discounted using the interest rate implicit in the lease. If the rate cannot be readily determined,
which is generally the case for leases in the Company, the lessee’s incremental borrowing rate is used, being the rate
that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the
right-of-use asset in a similar economic environment with similar terms, security and conditions.

Lease payments are allocated between principal and finance cost. The finance cost is charged to the statement of
profit and loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of
the liability for each period. Variable lease payments that depends on sales are recognised in the statement of profit
and loss in the period in which the condition that triggers those payments occurs.

Right-of-use assets are generally depreciated over the shorter of the asset’s useful life and the lease term on a
straight-line basis. If the Company is reasonably certain to exercise a purchase option, the right-of-use asset is
depreciated over the underlying assets useful life.

Payments associated with short-term leases are recognised on a straight-line basis as an expense in the statement of
profit and loss. Short term leases are the leases with a lease term of 12 months or less. Further, rental payments for
the land where lease period is considered to be indefinite or indeterminable, these are charged off to the statement of
profit and loss.

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Mar 31, 2015

1 Basis of Accounting:

The Company prepares its financial statements on historical cost basis and in accordance with applicable accounting standards and generally accepted accounting principles and also in accordance with the requirements of the Companies Act, 2013 and provisions of Companies Act, 1956 to the extent applicable.

2 Use of Estimates

The financial statements in conformity with GAAP requires that the management makes estimates and assumptions that affect the reported amount of assets and liabilities, disclosures of contingent liabilities as at the date of the financial statements and the reported amount of revenue and expenses during the reported period. Examples of such estimates include future obligation under employee benefit plans, income tax liability and useful life of fixed assets. Contingencies recorded when the same is probable of cash out flow and amount can be reliably estimated. Other contingencies are disclosed as Contingent liability. Actual results can differ in case of estimates.

3 Income & Expenditure:

Accounting of Income & Expenditure is done on accrual basis.

4 Revenue Recognition:

Revenue from job work charges is accounted for on the basis of raising the invoice on completion of jobs.

Revenue from sales is recognized on actual dispatch of goods along with transfer of risk and rewards thereof.

5 Fixed Assets-Tangible/Intangible & Depreciation/ Amortisation:

a) Fixed Assets are stated at their original cost of acquisition, inclusive of inward freight, duties and expenditure incurred in the acquisition, construction/ installation.

b) Assets acquired from the partnership firm on its dissolution are shown as addition to fixed assets and WDV as on date of dissolution is considered as cost.

c) Depreciation is charged on Straight Line Method in accordance with the useful life of the asset provided in Schedule II of the Companies Act, 2013.

d) Cenvat credit availed on Capital Goods is accounted for by credit to respective Fixed Assets.

e) Intangible assets are amortized over the period of useful life of the asset subject to maximum life of amortization as referred in AS-26 on Intangible Assets.

6 Inventories:

Method of Valuation

a) Raw Materials and components - at cost or market price whichever is less.

b) Finished Goods - at cost or market price whichever is less.

7 Contingent Liabilities:

Contingent Liabilities are determined on the basis of available information and are disclosed by way of Notes to the Accounts.

8 Foreign Currency Transactions

Foreign currency transactions are initially recorded at the exchange rates prevailing at the time of execution of the transaction. Monetary items are revalued at the yearend exchange rates and difference is charged to the statement of profit and loss.

9 Employee Benefit

The Employee benefits comprising defined benefit plan and defined contribution plan. Defined contribution plan is recognized as expenses on accrual basis to the extent of Company's contribution as an employer. Defined benefit plan of gratuity and the same are provided as expenses on the basis of demand raised by insurance Company.

Leave encashment benefit is accounted for on the basis of accumulated entitlement of the employee as at the end of the year and valued on last salary drawn.

10 Sales

Sales are stated net of discounts allowed and excise duty paid.

11 Excise Duty

Excise Duty is accounted for as expense at the time of goods cleared. Also provision has been made for excise duty payable on closing stock of finished stock as at the end of the year.

Unless specifically stated to be otherwise, these policies are consistently followed.

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Mar 31, 2014

1. Basis of Accounting:

The Company prepares its financial statements on historical cost basis and in accordance with applicable accounting standards and generally accepted accounting principles and also in accordance with the requirements of the Companies Act, 1956 and provisions of the Companies Act, 2013 to the extent applicable.

2. Use of Estimates:

The preparation of the financial statements in conformity with GAAP requires that the management makes estimates and assumptions that affect the reported amount of assets and liabilities, disclosures of contingent liabilities as at the date of the financial statements and the reported amount of revenue and expenses during the reported period. Examples of such estimates include future obligation under employee benefit plans, income tax liability and useful life of fixed assets. Contingencies are recorded when the same is probable of cash out flow and amount can be reliably estimated. Other contingencies are disclosed as Contingent liability. Actual results can differ in case of estimates.

3. Income & Expenditure:

Accounting of Income & Expenditure is done on accrual basis.

4. Revenue Recognition:

Revenue from job work charges is accounted for on the basis of raising the invoice on completion of jobs.

Revenue from sales is recognized on actual dispatch of goods along with transfer of risk and rewards thereof.

5. Fixed Assets-Tangible/Intangible & Depreciation/Amortisation:

a) Fixed Assets are stated at their original cost of acquisition, inclusive of inward freight, duties and expenditure incurred in the acquisition, construction/ installation.

b) Assets acquired from the partnership firm on its dissolution are shown as addition to fixed assets and WDV as on date of dissolution is considered as cost.

c) Depreciation is charged on Straight Line Method in accordance with the rates provided in Schedule XIV of the Companies Act, 1956.

d) Cenvat credit availed on Capital Goods is accounted for by credit to respective Fixed Assets.

e) Intangible assets are amortized over a the period of useful life of the asset subject to maximum rate of depreciation defined in the Companies Act, 1956.

6. Inventories:

Method of Valuation

a) Raw Materials - at cost or market price whichever is less.

b) Finished Goods - at cost or market price whichever is less.

7. Contingent Liabilities:

Contingent Liabilities are determined on the basis of available information and are disclosed by way of Notes to the Accounts.

8. Foreign Currency Transactions

Foreign currency transactions are initially recorded at the exchange rates prevailing at the time of execution of the transaction. Monetary items are revalued at the year end exchange rates and difference is charged to the statement of profit and loss.

9. Employee Benefit

The Employee benefits comprising defined benefit plan and defined contribution plan. Defined contribution plan is recognized as expenses on accrual basis to the extent of Company''s contribution as an employer. Defined benefit plan of gratuity and the same are provided as expenses on the basis of demand raised by insurance company. Leave encashment benefit is accounted for on the basis of accumulated entitlement of the employee as at the end of the year and valued on last salary drawn.

10. Sales

Sales are stated net of discounts allowed and excise duty paid.

11. Excise Duty

Excise Duty is accounted for as expense at the time of goods cleared. Also provision has been made for excise duty payable on closing stock of finished stock as at the end of the year.

12. Unless specifically stated to be otherwise, these policies are consistently followed.

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Mar 31, 2013

1. Basis of Accounting:

The Company prepares its financial statements on historical cost basis and in accordance with applicable accounting standards and generally accepted accounting principles and also in accordance with the requirements of the Companies Act, 1956.

2. Income & Expenditure:

Accounting of Income & Expenditure is done on accrual basis.

3. Revenue Recognition:

Revenue from job work charges is accounted for on the basis of raising the invoice on completion of jobs. Revenue from sales is recognized on actual dispatch of goods along with transfer of risk and rewards thereof.

4. Fixed Assets-Tangible/Intangible & Depreciation/Amortisation:

a) Fixed Assets are stated at their original cost of acquisition, inclusive of inward freight, duties and expenditure incurred in the acquisition, construction/ installation.

b) Assets acquired from the partnership firm on its dissolution are shown as addition to fixed assets and WDV as on date of dissolution is considered as cost.

c) Depreciation is charged on Straight Line Method in accordance with the rates provided in Schedule XIV of the Companies Act, 1956.

d) Cenvat credit availed on Capital Goods is accounted for by credit to respective Fixed Assets.

e) Intangible assets are amortized over a the period of useful life of the asset subject to maximum rate of depreciation defined in the Companies Act, 1956.

5. Inventories: Method of Valuation

a) Raw Materials – at cost or market price whichever is less.

b) Finished Goods – at cost or market price whichever is less.

6. Contingent Liabilities:

Contingent Liabilities are determined on the basis of available information and are disclosed by way of Notes to the Accounts.

7. Foreign Currency Transactions

Foreign currency transactions are initially recorded at the exchange rates prevailing at the time of execution of the transaction. Monetary items are revalued at the year end exchange rates and difference is charged to the statement of profit and loss.

8. Employee Benefit

The Employee benefits comprising defined benefit plan and defined contribution plan. Defined contribution plan is recognized as expenses on accrual basis to the extent of Company''s contribution as an employer. Defined benefit plan of gratuity and the same are provided as expenses on the basis of demand raised by insurance company. Leave encashment benefit is accounted for on the basis of accumulated entitlement of the employee as at the end of the year and valued on last salary drawn.

9. Sales

Sales are stated net of discounts allowed and excise duty paid.

10. Excise Duty

Excise Duty is accounted for as expense at the time of goods cleared. Also provision has been made for excise duty payable on closing stock of finished stock as at the end of the year.

11. Unless specifically stated to be otherwise, these policies are consistently followed.

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Mar 31, 2012

1. Basis of Accounting:

The Company prepares its financial statements on historical cost basis and in accordance with applicable accounting standards and generally accepted accounting principles and also in accordance with the requirements of the Companies Act, 1956.

2. Income & Expenditure:

Accounting of Income & Expenditure is done on accrual basis.

3. Revenue Recognition:

Revenue from job work charges is accounted for on the basis of raising the invoice on completion of jobs. Revenue from sales is recognized on actual dispatch of goods along with transfer of risk and rewards thereof.

4. Fixed Assets & Depreciation:

a) Fixed Assets are stated at their original cost of acquisition, inclusive of inward freight, duties and expenditure incurred in the acquisition, construction/ installation.

b) Assets acquired from the partnership firm on its dissolution are shown as addition to fixed assets and WDV as on date of dissolution is considered as cost.

c) Depreciation is charged on Straight Line Method in accordance with the rates provided in Schedule XIV of the Companies Act, 1956.

d) Modvat credit availed on Capital Goods is accounted for by credit to respective Fixed Assets.

5. Inventories: Method of Valuation

a) Raw Materials - at cost or market price whichever is less.

b) Finished Goods - at cost or market price whichever is less.

6. Contingent Liabilities:

Contingent Liabilities are determined on the basis of available information and are disclosed by way of Notes to the Accounts.

7. Foreign Currency Transactions

Foreign currency transactions are initially recorded at the exchange rates prevailing at the time of execution of the transaction. Monetary items are revalued at the year end exchange rates and difference is charged to the statement of profit and loss.

8. Employee Benefit

The Employee benefits comprising defined benefit plan and defined contribution plan. Defined contribution plan is recognized as expenses on accrual basis to the extent of Company's contribution as an employer. Defined benefit plan of gratuity and the same are provided as expenses on the basis of demand raised by insurance Company. Leave encashment benefit is accounted for on the basis of accumulated entitlement of the employee as at the end of the year and valued on last salary drawn.

9. Sales

Sales are stated net of discounts allowed and excise duty paid.

10. Excise Duty

Excise Duty is accounted for as expense at the time of goods cleared. Also provision has been made for excise duty payable on closing stock of finished stock as at the end of the year.

11. Unless specifically stated to be otherwise, these policies are consistently followed

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Mar 31, 2011

1.Basis of Accounting:

The Company prepares its financial statements on historical cost basis and in accordance with applicable accounting standards and generally accepted accounting principles and also in accordance with the requirements of the Companies Act, 1956.

2.Income & Expenditure:

Accounting of Income & Expenditure is done on accrual basis.

3.Revenue Recognition:

Revenue from job work charges is accounted for on the basis of raising the invoice on completion of jobs.

Revenue from sales is recognized on actual dispatch of goods along with transfer of risk and rewards thereof.

4.Fixed Assets & Depreciation:

a) Fixed Assets are stated at their original cost of acquisition, inclusive of inward freight, duties and expenditure incurred in the acquisition, construction /installation.

b) Assets acquired from the partnership firm on its dissolution are shown as addition to fixed assets and WDV as on date of dissolution is considered as cost.

c) Depreciation is charged on Straight Line Method in accordance with the rates provided in Schedule XIV of the Companies Act, 1956.

d) Modvat credit availed on Capital Goods is accounted for by credit to respective Fixed Assets.

5.Inventories: Method of Valuation

a) Raw Materials - at cost or market price whichever is less.

b) Finished Goods - at cost or market price whichever is less.

6.Contingent Liabilities:

Contingent Liabilities are determined on the basis of available information and are disclosed by way of Notes to the Accounts.

7.Foreign Currency Transactions

Foreign currency transactions are initially recorded at the exchange rates prevailing at the time of execution of the transaction. Monetary items are revalued at the year end exchange rates and difference is charged to the profit and loss account.

8.Employee Benefit

The Employee benefits comprising defined benefit plan and defined contribution plan. Defined contribution plan is recognized as expenses on accrual basis to the extent of Company's contribution as an employer. Defined benefit plan of gratuity and the same are provided as expenses on the basis of demand raised by insurance Company. Leave encashment benefit is accounted for on the basis of accumulated entitlement of the employee as at the end of the year and valued on last salary drawn.

9.Sales

Sales are stated net of discounts allowed and excise duty paid.

10.Excise Duty

Excise Duty is accounted for as expense at the time of goods cleared. Also provision has been made for excise duty payable on closing stock of finished stock as at the end of the year.

11.Unless specifically stated to be otherwise, these policies are consistently followed.

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Mar 31, 2010

1. Basis of Accounting:

The Company prepares its financial statements on historical cost basis and in accordance with applicable accounting standards and generally accepted accounting principles and also in accordance with the requirements of the Companies Act, 1956.

2. Income & Expenditure:

Accounting of Income & Expenditure is done on accrual basis.

3. Revenue Recognition:

Revenue from job work charges is accounted for on the basis of raising the invoice on completion of jobs.

Revenue from sales is recognized on actual dispatch of goods and in case of consignment on actual sale of goods by the consignee.

4. Fixed Assets & Depreciation:

a) Fixed Assets are stated at their original cost of acquisition, inclusive of inward freight, duties and expenditure incurred in the acquisition, construction/ installation.

b) Assets acquired from the partnership firm on its dissolution are shown as addition to fixed assets and WDV as on date of dissolution is considered as cost.

c) Depreciation is charged on Straight Line Method in accordance with the rates provided in Schedule XIV of the Companies Act, 1956.

d) Modvat credit availed on Capital Goods is accounted for by credit to respective Fixed Assets.

5. Inventories: Method of Valuation

a) Raw Materials - at cost or market price whichever is less.

b) Finished Goods - at cost or market price whichever is less.

6. Contingent Liabilities:

Contingent Liabilities are determined on the basis of available information and are disclosed by way of Notes to the Accounts.

7. Foreign Currency Transactions

Foreign currency transactions are initially recorded at the exchange rates prevailing at the time of execution of the transaction. Monetary items are revalued at the year end exchange rates and difference is charged to the profit and loss account.

8. Employee Benefit

The Employee benefits comprising defined benefit plan and defined contribution plan. Defined contribution plan is recognized as expenses on accrual basis to the extent of Company’s contribution as an employer. Defined benefit plan of gratuity and the same are provided as expenses on the basis of actuarial valuation. Leave encashment benefit is accounted for on the basis of accumulated entitlement of the employee as at the end of the year and valued on last salary drawn.

9. Sales

Sales are stated net of discounts allowed and excise duty paid.

10. Excise Duty

Excise Duty is accounted for as expense at the time of goods cleared. Also provision has been made for excise duty payable on closing stock of finished stock as at the end of the year.

11. Unless specifically stated to be otherwise, these policies are consistently followed.