The operating cycle is the time between the acquisition of assets for processing and their
realization in cash and cash equivalents. The Company has identified period of twelve
months as its operating cycle.

(B) Significant accounting, judgments, estimates and assumptions

The preparation of the Companyâs Financial Statements in conformity with Ind AS requires
management to make judgements, estimates and assumptions that affect the reported amounts
of assets and liabilities, the accompanying disclosures, and the disclosure of contingent assets
and contingent liabilities on the date of the standalone financial statements and the reported
amounts of revenues and expenses for the year reported. Actual results could differ from
those estimates. Estimates and underlying assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates are recognised in the year in which the estimates are
revised and future periods are affected.

Key source of estimation of uncertainty as at the date of financial statements, which may
cause a material adjustment to the carrying amounts of assets and liabilities within the next
financial year, is in respect of the following:

Investment in equity shares:

The Company is exposed to equity price risk from investments in equity securities measured
at fair value through profit and loss. The Management monitors the proportion of equity
securities in its investment portfolio based on market indices. Material investments within the
portfolio are managed on an individual basis and all buy and sell decisions are approved by
the Board of Directors.

Impairment of non-financial assets

Impairment exists when the carrying value of an asset or cash generating unit (âCGUâ)
exceeds its recoverable amount, which is the higher of its fair value less costs of disposal and
its value in use. The fair value less costs of disposal calculation is based on available data
from binding sales transactions, conducted at armâs length, for similar assets or observable
market prices less incremental costs for disposing of the asset. The value in use calculation is
based on a discounted cash flow (âDCFâ) model. The cash flows are derived from the budget
for future years and do not include restructuring activities that the Company is not yet
committed to or significant future investments that will enhance the assetâs performance of
the CGU being tested. The recoverable amount is sensitive to the discount rate used for the
DCF model as well as the expected future cash-inflows and the growth rate used for
extrapolation purposes.

Impairment of financial assets

The Company assesses impairment of financial assets (âFinancial instrumentsâ) and
recognises expected credit losses in accordance with Ind AS 109. The Company provides for
impairment of trade receivables and unbilled revenue outstanding for more than 1 year from
the date they are due for payment and billing respectively. The Company also assesses for
impairment of financial assets on specific identification basis at each period end.

Impairment exists when there is a diminution in value of the investment and the recoverable
value of such investment is lower than the carrying value of such investment.

(C) Property pant and Equipments

Property, Plant and Equipment is stated at cost, net of accumulated depreciation and
accumulated impairment losses, if any. Cost comprises of purchase price inclusive of taxes
etc. up to the date the asset is ready for its intended use. Depreciation is provided under
written down value method at the rates and in the manner prescribed under Schedule II to the
Companies Act, 2013. Company not having any assets.

(D) Depreciation Tangible Fixed Assets.

Depreciation on fixed assets is calculated on a written down value method at based on the
useful lives estimated by the management, or those prescribed under the Schedule II of the
Companies Act, 2013, The company not having any PPE as on dated 31.03.2024. Company
not having any assets.

(E) Intangible Assets

Intangible Assets with finite useful lives that are acquired separately are stated at acquisition
cost, net of recoverable taxes, trade discount and rebate less accumulated amortisation and
accumulated impairment losses, if any. Such cost includes purchase price and any
expenditure directly attributable to bringing the asset to its working condition for the intended
use. Company not having any assets.

Subsequent cost is included in the assetâs carrying amount or recognized as a separate asset,
as appropriate, only when 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.

An intangible asset is derecognised on disposal, or when no future economic benefits are
expected from use or disposal. Gains or losses arising from derecognition of an intangible
asset, measured as the difference between the net disposal proceeds and the carrying amount
of the asset, are recognised in profit or loss when the asset is derecognised.

Intangible assets are amortized over their respective individual estimated useful lives on a
straight- line basis from date they are available for use. The estimated useful life of an
identifiable intangible asset is based on number of factors including the effect of obsolesce,
demand, competition and other economic factors and level of maintenance expenditures
required to obtain the expected future cash flows from the assets.

(F) Borrowing Costs

Borrowing cost includes interest, amortization of ancillary costs incurred in connection with
the arrangement of borrowings and exchange differences arising from foreign currency
borrowings to the extent they are regarded as an adjustment to the interest cost.

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
capitalized as part of the cost of the respective asset. All other borrowing costs are expensed
in the period they occur.

(G) Impairment of non-financial assets

For the purposes of assessing impairment, assets are grouped at the lowest levels for which
there are separately identifiable cash flows (cash generating units). As a result, some assets
are tested individually for impairment and some are tested at the cash generating unit level.
All individual assets or cash generating units are tested for impairment whenever events or
changes in circumstances indicate that the carrying amount may not be recoverable.

The carrying amounts of assets are reviewed at each balance sheet date to determine if there
is any indication of impairment based on external or internal factors. An impairment loss is
recognised wherever the carrying amount of an asset exceeds its recoverable amount which
represents the greater of the net selling price of assets and their âvalue in useâ in credit risk.
Rather, it recognises impairment loss allowance based on lifetime ECLs at each reporting
date, right from its initial recognition.

For recognition of impairment loss on other financial assets and risk exposure, the Company
determines that whether there has been a significant increase in the credit risk since initial
recognition. If credit risk has not increased significantly, 12-month ECL is used to provide
for impairment loss. However, if credit risk has increased significantly, lifetime ECL is used.
If, in a subsequent period, credit quality of the instrument improves such that there is no
longer a significant increase in credit risk since initial recognition, then the entity reverts to
recognising impairment loss allowance based on 12-month ECL.

Life time ECL are the expected credit losses resulting from all possible default events over
the expected life of a financial instrument. The 12-month ECL is a portion of the lifetime
ECL which results from default events that are possible within 12 months after the reporting
date.

ECL is the difference between all contractual cash flows that are due to the Company in
accordance with the contract and all the cash flows that the entity expects to receive (i.e., all
cash shortfalls), discounted at the original EIR. When estimating the cash flows, an entity is
required to consider all contractual terms of the financial instrument (including prepayment,
extension, call and similar options) over the expected life of the financial instrument.
However, in rare cases when the expected life of the financial instrument cannot be estimated
reliably, then the entity is required to use the remaining contractual term of the financial
instrument.

ECL impairment loss allowance (or reversal) recognized during the period is recognized as
income/ expense in the Statement of profit and loss. This amount is reflected under the head
âother expensesâ in the Statement of profit and loss.

For assessing increase in credit risk and impairment loss, the Company combines financial
instruments on the basis of shared credit risk characteristics with the objective of facilitating
an analysis that is designed to enable significant increases in credit risk to be identified on a
timely basis

(H) Impairment of financial assets

In accordance with Ind. AS 109, the Company applies expected credit loss (ECL) model for
measurement and recognition of impairment loss on risk exposure arising from financial
assets like debt instruments measured at amortised cost e.g., trade receivables and deposits.

The Company follows âsimplified approachâ for recognition of impairment loss allowance on
Trade receivables or contract revenue receivables. The application of simplified approach
does not require the Company to track changes Purchase price is assigned using a weighted
average basis. Net realizable value is defined as anticipated selling price or anticipated
revenue less cost to completion.

(I) Investments in subsidiaries, Associates and Joint Ventures: Not applicable

(J) Inventories

Consumables, stores and spares are valued at lower of cost computed on weighted average
basis or net realisable value after providing cost of obsolescence, if any. The cost of
inventories comprises cost of purchase and other costs incurred in bringing the inventories to
their present location and condition. Net realisable value is estimated selling price in ordinary
course of business less the estimated cost necessary to make the sale.

(K) 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. The following specific recognition
criteria must also be met before revenue is recognized:

/.Revenue from sale of services

Revenue from sale of services is recognised as and when the services agreed are
rendered, net of discount to the customers and amount collected on behalf of third
parties such as Goods and service tax and VAT.

//. Revenue from Sale of goods

Revenue from sales of goods is measured at the fair value of the consideration received
or receivable excluding taxes or duties collected on behalf of the government.
ii7. Interest

Interest income is recognized on a time proportion basis taking into account the
amount outstanding and the applicable interest rate. Interest income is included under
the head âother incomeâ in the statement of profit and loss.

(L) Taxes

Tax expense comprises of current and deferred tax.

Current income tax

Current income tax assets and liabilities are measured at the amount expected to be recovered
from or paid to the taxation authorities in accordance with the Income-tax Act, 1961. 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 outside profit and loss is recognised outside
profit and loss (either in other comprehensive income or in equity). Current tax items are
recognised in correlation to the underlying transaction either in OCI or directly in equity.
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. Tax liability under Minimum Alternate Tax (âMATâ) is
considered as current tax. MAT entitlement is considered as deferred tax.

Minimum Alternative Tax (âMATâ) credit is recognised as an asset only when and to the
extent there is convincing evidence that the Company will pay normal income tax during the
specified period. Such asset is reviewed at each Balance Sheet date and the carrying amount
of the MAT credit asset is written down to the extent there is no longer convincing evidence
to the effect that the Company will pay normal income tax during the specified period.

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 liabilities are recognised for all taxable temporary differences, except:

When the deferred tax liability arises from the initial recognition of an asset or liability in a
transaction that is not a business combination and, at the time of the transaction, affects
neither the accounting profit nor taxable profit or loss.

In respect of taxable temporary differences associated with investments in subsidiaries when
the timing of the reversal of the temporary differences can be controlled and it is probable
that the temporary differences will not reverse in the foreseeable future

Deferred tax assets are recognised for all deductible temporary differences and the carry
forward of 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 losses can be utilised, except:

When the deferred tax asset relating to the deductible temporary difference arises from the
initial recognition of an asset or liability in a transaction that is not a business combination
and, at the time of the transaction, affects neither the accounting profit nor taxable profit or
loss

In respect of deductible temporary differences associated with investments in subsidiaries
deferred tax assets are recognised only to the extent that it is probable that the temporary
differences will reverse in the foreseeable future and taxable profit will be available against
which the temporary differences can be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to
the extent that it is no longer probable that sufficient taxable profit will be available to allow
all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reÂ¬
assessed at each reporting date and are recognised to the extent that it has become probable
that future taxable profits will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in
the year when the asset is realised or the liability is settled, based on tax rates (and tax laws)
that have been enacted or substantively enacted at the reporting date.

Deferred tax relating to items recognised outside profit and loss is recognised outside profit
and loss (either in OCI or in equity). Deferred tax items are recognised in correlation to the
underlying transaction either in OCI or directly in equity.

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.

(M) Foreign Currency Translation

Transactions in foreign currencies are translated at the rates of exchange prevailing on the
dates of the transactions. Monetary assets and liabilities in foreign currencies are translated at
the prevailing rates of exchange at the balance sheet date. Non-monetary items that are
measured at historical cost in a foreign currency are translated at the exchange rate at the date

of the transaction. Non-monetary items that are measured at fair value in a foreign currency
are translated using the exchange rates at the date when the fair value was determined.

Any exchange differences arising on the settlement of monetary items or on translating
monetary items at rates different from those at which they were initially recorded are
recognized in the Statement of profit and loss in the period in which they arise. NonÂ¬
monetary items carried at fair value that are denominated in foreign currencies are translated
at rates prevailing at the date when the fair value was determined. Non-monetary items that
are measured in terms of historical cost in a foreign currency are not retranslated.

The Companyâs functional currency and the presentation currency is same i.e. Indian Rupee.

(N) Retirement and Other Employee Benefits

Company doesnât have any employee who has completed 5 years of continues services for
provision for gratuity and other benefits. And Contributions payable by the Company to the
concerned government authorities in respect of provident fund, family pension fund and
employee state insurance are charged to the profit and loss account if any.

(O) Segment reporting

The company''s business activity falls within a single primary segment the disclosure
requirements of Indian Accounting Standard (âInd AS-108â) "Operating segment is not
applicable.

Mar 31, 2014

The Company adopts the accrual concept of accounting based on historical cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

1.1 REVENUE RECOGNITION :

a) Sales are recognised on the date of despatches made.

b) Interest is recognised on time proportionate basis taking into account the amount outstanding and the rate applicable.

c) Dividend income is recognised when the right to receive is established.

d) Other Incomes are recorded on the basis of certainty.

1.2 FIXED ASSETS: -

Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use.

1.3 DEPRECIATION :-

Depreciation on fixed assets is provided on Written Down method at the rates and in the manner specified in the schedule XIV of the Companies Act, 1956.

1.4 INVESTMENTS :-

Long Term Investment are stated at cost. No provision for dimunition in the value of investments have been provided as such dimunition is viewed as temporary in nature.

1.5 TRANSLATION OF FOREIGN CURRENCY ITEMS :-

Transactions denominated in foreign currency are recorded at the rate exchange in force at the date of transactions. Any difference arising due to subsequent realization is carried to Profit & Loss Account. All monetary assets held in foreign currency are carried to balance sheet at closing rate.

1.6 INVENTORIES

Inventories are valued at lower of cost or realisable value. The cost includes cost of purchase specifically identified to individual items of stock.

1.7 TAXES ON INCOME

Current Tax is determined as the amount of tax payable in respect of taxable income for the period. Defferred tax is recognised subject to the consideration of prudence on timing difference, being the difference between taxable income and accounting income that originates in one period and is capable of reversal in one or more subsequent periods. Defferred Tax Assets on carry forward long term capital losses are recognised as there is reasonable certainty that sufficient long term capital gain will be available in future against which such Defferred Tax Assets can be realised.

1.8 RETIREMENT BENEFIT :-

The company contributes to recognised Provident Fund which is charged to revenue. The gratuity is provided on cash basis as the amount involved therein may not be significant.

1.9 PAYMENT TO AUDITORS :-

As On 31.03.14 As On 31.03.13

a) As Audit Fees 10,000/- 10,000/-

b) Other matters 15,000/- 15,000/-

c) Service Tax 3,090/- 3,090/-

28,090/- 28,090/-

Mar 31, 2013

1.1 REVENUE RECOGNITION :

a) Sales are recognised on the date of despatches made.

b) Interest is recognised on time proportionate basis taking into account the amount outstanding and the rate applicable.

c) Dividend income is recognised when the right to receive is established.

d) Other Incomes are recorded on the basis of certainty.

1.2 FIXED ASSETS: -

Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use.

1.3 DEPRECIATION :-

Depreciation on fixed assets is provided on Written Down method at the rates and in the manner specified in the schedule XIV of the Companies Act, 1956.

1.4 INVESTMENTS :-

Long Term Investment are stated at cost. No provision for dimunition in the value of investments have been provided as such dimunition is viewed as temporary in nature.

1.5 TRANSLATION OF FOREIGN CURRENCY ITEMS :-

Transactions denominated in foreign currency are recorded at the rate exchange in force at the date of transactions. Any difference arising due to subsequent realization is carried to Profit & Loss Account. All monetary assets held in foreign currency are carried to balance sheet at closing rate.

1.6 INVENTORIES :-

Inventories are valued at lower of cost or realisable value. The cost includes cost of purchase specifically identified to individual items of stock

1.7 TAXES ON INCOME

Current Tax is determined as the amount of tax payable in respect of taxable income for the period Defferred tax is recognised subject to the consideration of prudence on timing difference, being the difference between taxable income and accounting income that originates in one period and is capable of reversal in one or more subsequent periods Defferred Tax Assets on carry forward long term capital losses are recognised as there is reasonable certainty that sufficient long term capital gain will be available in future against which such Defferred Tax Assets can be realised.

1.8 RETIREMENT BENEFIT :-

The company contributes to recognised Provident Fund which is charged to revenue. The gratuity is provided on cash basis as the amount involved therein may not be significant.

Mar 31, 2012

The Company adopts the accrual concept of accounting based on historical cost historical Cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

1.1 REVENUE RECOGNITION:

a) Sales are recognised on the date of despatches made.

b) Interest is recognised on time proportionate basis taking into account the amount outstanding and the rate applicable.

c) Dividend income is recognised when the right to receive is established.

d) Other Incomes are recorded on the basis of certainty.

1.2 FIXED ASSETS: -

Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use.

1.3 DEPRECIATION:-

Depreciation on fixed assets is provided on Written Down method at the rates and in the manner specified in the schedule XIV of the Companies Act, 1956.

1.4 INVESTMENTS:-

Long Term Investment are stated at cost. No provision for dimunition in the value of investments have been provided as such dimunition is viewed as temporary in nature.

1.5 TRANSLATION OF FOREIGN CURRENCY ITEMS:-

Transactions denominated in foreign currency are recorded at the rate exchange in force at the date of transactions. Any difference arising due to subsequent realization is carried to Profit & Loss Account. All monetary assets held in foreign currency are carried to balance sheet at closing rate.

1.6 INVENTORIES:-

Inventories are valued at lower of cost or realisable value. The cost includes cost of purchase specifically identified to individual items of stock.

1.7 TAXES ON INCOME

Current Tax is determined as the amount of tax payable in respect of taxable income for the period. Deferred tax is recognised subject to the consideration of prudence on timing difference, being the difference between taxable income and accounting income that originates in one period and is capable of reversal in one or more subsequent periods. Deferred Tax Assets on carry forward long term capital losses are recognised as there is reasonable certainty that sufficient long term capital gain will be available in future against which such Deferred Tax Assets can be realised.

1.8 RETIREMENT BENEFIT:-

The company contributes to recognised Provident Fund which is charged to revenue. The gratuity is provided on cash basis as the amount involved therein may not be significant.

Mar 31, 2011

1. ACCOUNTING POLICIES:

The Company adopts the accrual concept of accounting based on historical cost historical Cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

1.1 REVENUE RECOGNITION :

a) Sales are recognised on the date of despatches made.

b) Interest is recognised on time proportionate basis taking into account the amount outstanding and the rate applicable.

c) Dividend income is recognised when the right to receive is established.

d) Other Incomes are recorded on the basis of certainty.

1.2 FIXED ASSETS: -

Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use.

1.3 DEPRECIATION :-

Depreciation on fixed assets is provided on Written Down method at the rates and in the manner specified in the schedule XIV of the Companies Act, 1956.

1.4 INVESTMENTS:-

Long Term Investment are stated at cost. No provision for diminution in the value of investments have been provided as such diminution is viewed as temporary in nature.

1.5 TRANSLATION OF FOREIGN CURRENCY ITEMS :-

Transactions denominated in foreign currency are recorded at the rate exchange in force at the date of transactions. Any difference arising due to subsequent realization is carried to Profit & Loss Account. AH monetary assets held in foreign currency are carried to balance sheet at closing rate.

1.6 INVENTORIES:-

Inventories are valued at lower of cost or realisable value. The cost includes cost of purchase specifically identified to individual items of stock.

1.7 TAXES ON INCOME

1.8 RETIREMENT BENEFIT :-

The company contributes to recognised Provident Fund which is charged to revenue. The gratuity is provided on cash basis as the amount involved therein may not be significant.

Mar 31, 2010

The Company adopts the accrual concept of accounting based on historical cost historical Cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

1.1 REVENUE RECOGNITION :

a) Sales are recognised on the date of despatches made.

b) Interest is recognised on time proportionate basis taking into account the amount outstanding and the rate applicable.

c) Dividend income is recognised when the right to receive is established.

d) Other Incomes are recorded on the basis of certainly.

1.2 FIXED ASSETS: -

Fixed Assets are-statedat cost less accumulated depreciation. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use.

1.3 DEPRECIATION:-

Depreciation on fixed assets is provided on Written Down method at the rates and in the manner specified in the schedule XIV of the Companies Act, 1956.

1.4 INVESTMENTS :-

Long Term Investment are stated at cost. No provision for dimunition in the value of investments have been provided as such dimunition is viewed as temporary in nature.

1.5 TRANSLATION OF FOREIGN CURRENCY ITEMS :-

1.6 INVENTORIES:-

Inventories are valued at lower of cost or realisable value. The cost includes cost of purchase specifically identified to individual items of slock.

1.7 TAXES ON INCOME

Current Tax is determined as the amount of tax payable in respect of taxable income for the period. Defferred lax is recognised subject to the consideration of prudence on timing difference, being the difference between taxable income and accounting income that originates in one period and is capable of reversal in one or more subsequent periods. Defferred Tax Assets on carry forward long term capital losses are recognised as there is reasonable certainty that sufficient long term capital gain will be available in future against which such Defferred Tax Assets can be realised.

1.8 RETIREMENT BENEFIT:-

The company contributes to recognised Provident Fund which is charged to revenue. The gratuity is provided on cash basis as the amount involved therein may not be significant.

Mar 31, 2009

1. ACCOUNTING POLICIES:

The Company adopts the accrual concept of accounting based on historical cost historical Cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

1.1 REVENUE RECOGNITION:

a) Sales are recognised on the date of despatches made.

b) Interest is recognised on time proportionate basis taking into account the amount outstanding and the rate applicable.

c) Dividend income is recognised when the right to receive is established.

d) Other Incomes are recorded on the basis of certainty.

1.2 FIXED ASSETS: -

Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use.

1.3 DEPRECIATION:-

Depreciation on fixed assets is provided on Written Down method at the rates and in the manner specified in the schedule XTV of the Companies Act, 1956.

1.4 INVESTMENTS:-

Long Term Investment are stated at cost. No provision for dimunition in the value of investments have been provided as such dimunition is viewed as temporary in nature.

1.5 TRANSLATION OF FOREIGN CURRENCY ITEMS:-

1-6 INVENTORIES:-

Inventories are valued at lower of cost or realisable value. The cost includes cost of purchase specifically identified to individual items of stock.

1.7 TAXES ON INCOME

Current Tax is determined as the amount of tax payable in respect of taxable income for the period. Defferred tax is recognised subject to the consideration of prudence on timing difference, being the difference between taxable income and accounting income that originates in one period and is capable of reversal in one or more subsequent periods. Defferred Tax Assets on carry forward long term capital losses are recognised as there is reasonable certainty that sufficient long term capital gain will be available in future against which such Defferred Tax Assets can be realised.

1.8 RETIREMENT BENEFIT:-

The company contributes to recognised Provident Fund which is charged to revenue. The gratuity is provided on cash basis as the amount involved therein may not be significant.

Mar 31, 2008

1. ACCOUNTING POLICIES:

The Company adopts the accrual concept of accounting based on historical cost historical Cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

1.1 REVENUE RECOGNITION :

a) Sales are recognised on the date of despatches made.

b) Interest is recognised on time proportionate basis taking into account the amount outstanding and the rate applicable.

c) Dividend income is recognised when the right to receive is established.

d) Other Incomes are recorded on the basis of certainty.

1.2 FIXED ASSETS: -

Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use.

1.3 DEPRECIATION :-

Depreciation on fixed assets is provided on Written Down method at the rates and in the manner specified in the schedule XIV of the Companies Act 1956.

1.4 INVESTMENTS:-

Long Term Investment are stated at cost. No provision for dimunition in the value of investments have been provided as such dimunition is viewed as temporary in nature.

1.5 TRANSLATION OF FOREIGN CURRENCY ITEMS :-

1.6 INVENTORIES:-

Inventories are valued at lower of cost or realisable value. The cost includes cost of purchase specifically identified to individual items of stock.

1.7 TAXES ON INCOME

1.8 RETIREMENT BENEFIT:-

The company contributes to recognised Provident Fund which is charged to revenue. The gratuity is provided on cash basis as the amount involved therein may not be significant.

Mar 31, 2006

1 ACCOUNTING POLICIES:

The Company adopts the accrual concept of accounting based on historical cost historical Cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

1.1 REVENUE RECOGNITION :

a) Sales are recognised on the date of despatches made.

b) interest is recognised on time proportionate basis taking into account the amount outstanding and the rate applicable.

c) Dividend income is recognised when the right to receive is established.

d) Other incomes are recorded on the basis of certainty.

1.2 FIXED ASSETS:-

Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use

1.3 DEPRECIATION :-

Depreciation on fixed assets is provided on Written Down method at the rates and in the manner specified in the schedule XIV of the Companies Act, 1955.

1.4 INVESTMENTS :-

Long Term investment are stated at cost. No provision for dimunition in the value of investments have been provided as such dimunition is viewed as temporary in nature.

1.5 TRANSLATION OF FOREIGN CURRENCY ITEMS :-

1.6 INVENTORIES :-

Inventories are valued at lower of cost or realisable value. The cost includes cost of purchase specifically identified to individual items of stock.

1.7 TAXES ON INCOME

Current Tax is determined as the amount of tax payable in respect of taxable income for the period. Defferred tax is recognised subject to the consideration of prudence on timing difference, being the difference between taxable income and accounting income that originates in one period and is capable of reversal in one or more subsequent periods Defferred Tax Assets on carry/forward long term capital losses are recognised as there is reasonable certainty that sufficient long term capital gain will be available in future against which such Defferred Tax Assets can be realised.

1.8 RETIREMENT BENEFIT :-

The company contributes to recognised Provident Fund which is charged to revenue. The gratuity is provided on cash basis as the amount involved therein may not be significant.

1.9 PAYMENT TO AUDITORS :-

As 0n 31.03.06 As On 31.03.05

a) As Audit Fees 7500 7500

b) Other matters 12500 12500

c) Service Tax 2448 765

22448 20765

Mar 31, 2003

A) ACCOUNTING POLICIES:

The Company adopts the accrual concept of accounting based on historical Cost concept except in respect of Gratuity & Leave Liabilities which arc accounted for on cash basis.

1. REVENUE RECOGNITION :

Soles ore recognised on the date of despatches mode. Interest is recognised on time propotionate basis taking into account the amount outstanding and the rate applicable. Dividend income is recognised when &e right to receive is established.

2. FIXED ASSETS:- Fixed Assets are stated at cost.

3. DEPRECIATION :- Depreciation k provided on rrilieu down value method at the rates prescribed under the Companies Act, 1056. Depreciation oil Assets added/disposed during die year is provided with reference to (he date of addition/disposal.

4. INVESTMENTS :- Long Term Investment are stated at cost

5. TRANSLATION OF FOREIGN CURRENCY ITEMS: Translation of Foreign currency an recorded at the rate exchange in force at the date of transactions. "Foreign currency assets and liabilities other than for financing fixed assets are stated at the rate of exchange prevailing at the year end and resultant gain/losses are recognised in the profit & loss account. Balance in Loans and advances, sundry debtors accounts and sundry creditors accounts arc subject to confirmations and their cftcct if any, on Assets, Liabilities and Profit cannot do asecrtainable.

Mar 31, 2002

A) ACCOUNTING POLICIES:

The Company adopts the accrual concept of accounting based on historical Cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

2. FIXED ASSETS:-

Fixed Assets are stated at cost.

3. DEPRECIATION:-

Depreciation is provided on written down value method at the rates prescribed under the Companies Act, 1956.

Depreciation on Assets added/disposed during the year is provided with reference to the date of addition/disposal.

4. INVESTMENTS:-

Long Term Investment are stated at cost.

5. TRANSLATION OF FOREIGN CURRENCY ITEMS:-

Transactions in foreign currency are recorded at the rate exchange in force at the date of transactions. Foreign currency assets and liabilities other than for financing fixed assets are stated at the rate of exchange prevailing at the year end and resultant gains/losses are recognised in the profit & loss account.

6. INVENORIES:-

Inventories are valued at lower of cost realisable value.

7. CONTIGENT LIABILITIES:-

Contingent Liabilities not provided for are disclosed by way of notes.

Mar 31, 2000

A) ACCOUNTING POLICIES :

The Company adopts the accrual concept of accounting based on historical Cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

2. FIXED ASSETS :-

Fixed Assets are stated at cost.

3. DEPRECIATION :-

Depreciation is provided on written down value method at the rates prescribed under the Companies Act, 1956.

Depreciation on Assets added/disposed during me year is provided with reference to the date of addition/disposal.

4. INVESTMENTS :-

Long Term Investment are stated at cost

5. TRANSLATION OF FOREIGN CURRENCY ITEMS :-

Transactions in foreign currency are recorded at the rate exchange in force at the date of transactions.

Foreign currency assets and liabilities other man for financing fixed assets are stated at the rate of exchange prevailing at the year end and resultant gains/losses are recognised in the profit & loss account.

6. INVENTORIES :-

Inventories are valued at lower of cost or realisable value.

7. CONTIGENT LIABILITIES :-

Contigent Liabilities not provided for are disclosed by way of notes.

Mar 31, 1999

1. METHOD OF ACCOUNTING :-

The company adopts the accrual concept of accounting based on historical cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

2. FIXED ASSETS :-

Fixed Assets are stated at cost.

3. DEPRECIATION :-

Depreciation is provided on written down value method at the rates prescribed under the Companies Act, 1956.

Depreciation on Assets added/disposed during the year is provided with reference to the date of addition/disposal.

4. INVESTMENTS :-

Long term Investment are stated at cost

5. TRANSLATION OF FOREIGN CURRENCY ITEMS :-

Transactions in foreign currency are recorded at the rate of exchange in force at the date of transactions.

Foreign currency assets and liabilities other than for financing fixed assets are stated at the rate of exchange prevailing at the year end and resultant gains/losses are recognised in the profit & loss account.

6. INVENTORIES :-

Inventories are valued at lower of cost or realisable value.

7. CONTINGENT LIABILITIES :-

Contingent Liabilities not provided for are disclosed by way of notes.

Mar 31, 1998

A. ACCOUNTING POLICIES

1. METHOD OF ACCOUNTING

The company adopts the accrual concept of accounting based on historical cost concept except in respect of Gratuity & Leave Liabilities which are accounted for on cash basis.

2. FIXED ASSETS :

Fixed Assets are stated at cost.

3. DEPRECATION :

Depreciation is provided on written down value method at the rates prescribed under the Companies Act, 1956.

Depreciation on Assets added/disposed during the year is provided with reference to the date of addition/disposal.

4. INVESTMENTS :-

Long term Investment are stated at cost.

5. TRANSLATION OF FOREIGN CURRENCY ITEMS :

Transactions in foreign currency are recorded at the rate of exchange in force at the date of transactions.

5. INVENTORIES :

Inventories are valued at lower of cost or realisable value.

6. CONTINGENT LIABILITIES :

Contingent Liabilities not provided for are disclosed by way of notes.

Mar 31, 1997

Information will not be available in the annual report.

Mar 31, 1993

1. ACCOUNTING CONCEPTS

The Company follows the Mercantile System of Accounting and recognises Income and Expenditure on Accrual basis.

The Accounts are prepared on historical cost basis and as a going concern. Accounting Policies not referred to otherwise are consistent with generally accepted accounting principles.

2. FIXED ASSETS

a) Fixed Assets are stated at cost less depreciation.

b) Depreciation on fixed assets is provided on reducing balance method at rates specified in Schedule XIV of the Companies Act, 1956.

3. TRANSLATION OF FOREIGN CURRENCY ITEMS

Foreign Currency assets are restated at the exchange rates ruling at the year end.

4. INVESTMENTS

a) Investments are stated at cost.

b) In case of securities purchased/sold cum interest, the entire payment/receipt of consideration is treated as cost/sale proceeds, as the case may be.

5. PROVISION FOR RETIREMENT BENEFITS

a) Liability in respect of Gratuity to employees is accounted for as and when paid.

b) Leave liabilities is accounted for when the employees proceed on leave or at the time of encashment.

6. INVENTORIES

Inventories are stated at cost or realisable value whichever is less.

7. PROVISION FOR BAD AND DOUBTFUL DEBTS/ADVANCES

Provision is made in the accounts for Bad and Doubtful Debts/advances which in the opinion of the Management are considered irrecoverable.

8. INSURANCE CLAIMS

Insurance claims shall be accounted for on receipt basis.

9. REVENUE RECOGNITION

Revenue in respect of Interest/Lease Rent is recognised only when it is reasonably certain that the ultimate collection will be made.

10. INFLATION

Assets and Liabilities are recorded at historical cost to the company. These costs are not adjusted to reflect the change in the purchasing power of money.

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