Financial Year

The Company has opted the period of 1st day of January to 31st day of December,
each year as its financial year for the purposeof preparation of financial statements.

Current and Non-current Classification

The Company has ascertained its operating cycle as 12 months for the purpose of
current / non-current classification of assetsand liabilities.

REVENUE RECOGNITION
Revenue is measured at the price charged to the customer and are recorded net of
returns (if any), trade discounts, rebates,other pricing allowances to
trade/consumer.

INVENTORIES
The bases of determining cost for various categories of inventories are asfollows:
Raw and packing material: First-in-first out
Stock-in-trade (Goods purchased for resale): Weighted average
Stores and spare parts: Weighted average.

DEPRECIATION / AMORTISATION
Depreciation is provided as per the straight linemethod computed basis useful lives
of fixed assets as follows:
Buildings: 25 - 40 years
Plant & Machinery: 5 - 25 years
Office Equipment’s: 5 years
Furniture and fixtures: 5 years
Vehicles: 5 years
Information Technology (IT) equipment: 3 - 5 years
Freehold land is not depreciated.