Accounting Policies of Sellwin Traders Ltd. Company

Mar 31, 2025

3 Summary of Significant Accounting Policies

This note provides a list of the significant accounting policies adopted in the preparation of these standalone
financial statements. These policies have been consistently applied to all tire years presented, unless otherwise
stated.

A Use of Estimates

The preparation of financial statements in conformity with Ind AS requires management to make eertanr estimates
and assumptions that affect tire reported amounts of revenues, expenses, assets and liabilities (mcludnrg contingent
liabilities) and tire accompanying disclosures. The management believes that tire estimates used in preparation of
the financial statements are prudent and reasonable. Future results could differ due to these estimates and
differences between the actual results and tire estimates are recognised in the periods in which the results sue
known / materialized.

B Significant Estimates and assumptions are required in particular for

(i) Recognition of deferred tax assets

A deferred tax asset is recognised for all tire deductible temporary differences to tire extent that it is probable that
taxable profit will be available agaurst which tire deductible temporary difference can be utilised. Tire management
assumes that taxable profits will be available while recogmsmg deferred tax assets.

(ii) Impairment of Non Financial Assets:

The Company assesses at each reporting date as to whether there is any indication that any property, plant and
equipment and intangible assets may be inrpaned. If any such urdication exists tire recoverable amount of an asset
is estimated to detemune tire extent of impairment, if any. An impairment loss is recognised in tire Statement of
Profit and Loss to tire extent, asset''s carrynrg amount exceeds its recoverable amount.

C Inventories

Inventories are valued at tire lower of cost and tire net realisable value estimated by tire management after
providmg for obsolescence and other losses, where considered necessary.

D Property, Plant and Equipment

Property, Plant and Equipments are stated at cost of acquisition less accumulated depreciation and impairment in
value, if any. Cost comprises tire purchase price and any other attributable cost of bunging the asset to its working
condition for its intended use. Subsequent costs have been included in the asset''s carrying amount as recognised as
a separate asset, as a appropriate only when it is probable future benefits associated with the item will flow to tire
entity and tire cost can be measured reliably.

Depreciation is provided using straight lure method, pro-rata for the period of use, based on the respective useful
lives as mentioned under Schedule n of tire Act. Leasehold land and improvements are depreciated over tire
estimated useful life, or tire remaining penod of lease from tire date of capitalisation, whichever is shorter.

Gains or losses arising from derecognition of a property, plant and equipment are measured as the difference
between tire net disposal proceeds and tire carrymg amount of the asset and are recognised in tire Statement of
Profit and Loss when the asset is derecognised.

E Foreign Currency Transactions:

The Company''s financial statements are presented in Indian Rupees [Rs.], which is the functional and presentation

currency.

The transactions in foreign currencies are translated into functional currency at the rates of exchange prevailing on
the dates of transactions.

Foreign Exchange gains and losses resulting from settlement of such transactions and from the translation of
monetary assets and liabilities denominated in foreign currencies at the year end exchange rates are recognised in

(ii) the Statement of Profit and Loss. However, foreign currency differences arising from the translation of certain
equity instruments where tire Company had made an irrevocable election to present in OCI subsequent changes in
the fair value are recognised in OCI.

Foreign exchange differences regarded as adjustments to borrowing costs are presented in the Statement of Profit

(iii) and Loss within finance costs. All other foreign exchange gains and losses are presented in tire Statement of Profit
and Loss on a net basis,

F Financial Instnrme nts

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or
equity instrument of another entity.

A. Financial Assets

i. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are directly
attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through
profit or loss, are adjusted to tire fair value on initial recognition. Purchase and sale of financial assets are
recognised using trade date accounting.

ii. Subsequent measurement

a) Financial assets carried at amortised cost (AC)

A financial asset is measured at amortised cost if it is held within a business model whose objective is to hold tire
asset in order to collect contractual cash flows and tire contractual terms of the financial asset give rise on specified
dates to cash flows that are solely payments of principal and interest on tire principal amount outstanding.

b) Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose objective is achieved by both
collecting contractual cash flows and selling financial assets and tire contractual terms of tire financial asset give
rise on specified dates to cash flows that are solely payments of principal and interest on tire principal amount
outstanding.

c) Financial assets at fair value through profit or loss (FVTPL)

A financial asset which is not classified in any of tire above categories are measured at FVTPL.

Ill Impairment of financial assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected cash
loss rates. Tire Company uses judgement in making these assumptions and selecting tire inputs to tire impairment
calculation, based on Company''s past history, existing market conditions as well as forward looking estimates at
the end of each reporting period.

B. Financial Liabilities

1). Initial recognition and measurement

All financial liabilities are recognized at fair value and in case of loans, net of directly attributable cost. Fees of
recurring nature are directly recognised in tire Statement of Profit and Loss as finance cost.

ii). Subsequent measurement

Financial liabilities are carried at amortized cost using tire effective nr teres t method.

C Derecognition of financial instruments

The Company derecognizes a financial asset when tire contractual rights to the cash flows from the financial asset
expire or it transfers tire financial asset and tire transfer qualifies for derecognition under Iird AS 109. A financial
liability'' (or a part of a financial liability) is derecognized from tire Company''s Balance Street when tire obligation
specified in the contract is discharged or cancelled or expires.

G Segment reporting

Operating segments are reported in a manner consistent with tire internal reporting provided to tire chief operating
decision maker. Tire company is reported at air overall level and hence there are no reportable segment as per Ind
AS IDS.

H Leases

lire Company assesses at contract inception whether a contract is, or contains, a lease. That is, if tire contract
conveys tire right to control tire use of air identified asset for a period of time in exchange for consideration.

Company as a lessee

lire Company applies a single recognition and measurement approach for all leases, except for short-term leases
and leases of low-value assets. Tire Company recognises lease liabilities to make lease payments and riglrt-of-use
assets representing tire right to use tire underlying assets.

i) Right of use assets

The Company recognises riglrt-of-use assets at tire commencement date of tire lease (i.e., tire date tire underlying
asset is available for use). Riglrt-of-use assets are measured at cost, less airy accumulated depreciation and
impairment losses, and adjusted for airy remeasurement of lease liabilities. Tire cost of riglrt-of-use assets includes
tire anroiurt of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before tire
commencement date less airy lease incentives received. Riglrt-of-use assets are depreciated on a straight-line basis
over tire lease term. Tire right of use assets are also subject to impairment.

ii) Lease liabilities

At tire commencement date of tire lease, tire Company recognises lease liabilities measured at tire present value of
lease payments to be made over tire lease term. Tire lease payments are fixed payments, hr calculating tire present
value of lease payments, tire Company uses its incremental borrowing rate at tire lease commencement date
because tire interest rate implicit in tire lease is not readily determinable. After tire commencement date, tire anroiurt
of lease liabilities is increased to reflect tire accretion of interest and reduced for tire lease payments made, hr
addition, tire carrying anroiurt of lease liabilities is remeasured if there is a modification, a change in tire lease term,
a change in tire lease payments (e.g., changes to future payments resulting from a change in air index or rate used
to determine such lease payments) or a change hr tire assessment of air option to purchase tire underlying asset.

iii) Short-term leases and leases of low-value assets

The Company applies tire short-term lease recognition exemption to its short-term leases (i.e., those leases that have
a lease term of 12 months or less from tire commencement date and do not contain a purchase option). It also
applies tire lease of low-value assets recognition exemption that are considered to be low value.

Lease payments on short-term leases and leases of low value assets are recognised as expense on a straight-line
basis over tire lease term.

I Borrowing Costs

Borrowing costs consist of interest and other borrowing costs that are incurred in connection with tire borrowing of

(i) funds. Other borrowing costs include ancillary charges at tire time of acqrusition of a financial liability, which is
recognised as per EIR method.

Borrowing costs also include exchange differences to tire extent regarded as an adjustment to tire borrowing costs.

Borrowing costs that are directly attributable to tire acquisition/ construction of a qualifying asset are capitalised as

(ii) part of the cost of such assets, up to the date tire assets are ready for their intended use. All other borrowing costs
are recognised in profit or loss in tire period in which they are incurred.

J Revenue Recognition

Revenue from sale of products is recognised when tire control on Ore goods have been transferred to Ore customer.
Tire performance obligation in case of sale of product is satisfied at a point in time i.e., when Ore material is shipped
to Ore customer or on delivery to Ore customer, as may be specified in Ore contract.

OOrer Income is accounted on accrual basis except Dividend Income, Interest on Government Bonds and Interest
on Income Tax Refunds which are accounted on cash basis.

K Earnings Per Share

Basic earnings per share is calculated by dividing Ore net profit or loss attributable to equity holders of the company
(after deducting preference dividends and attributable taxes) by the weighted average number of equity shares
outstanding dururg Ore period.

Partly paid equity shares are heated as a fraction of air equity share to Ore extent Orat Orey are eirhOed to
participate in dividends relative to a fully paid equity share during the reporting period. Tire weighted average
number of equity shares outstanding during Ore period is adjusted for events such as bonus issue, bonus element in
a rights issue, share split, and reverse share split (consolidation of shares) that have changed the number of equity
shares outstanding, wiOrout a corresponding change in resources.

For the purpose of calculating diluted earnings per share. Ore net profit or loss for Ore period attributable to equity
shareholders of Ore parent company and the weighted average number of shares outstanding during Ore period are
adjusted for Ore effects of all diluhve potential equity shares.

L Cash and cash equivalents

Cash and cash equivalent in Ore balance sheet comprise cash at banks and on hand and short-term deposits with
air original maturity of Orree months or less, Orat are readily convertible to a known amount of cash and subject to
air insignificant risk of changes in value.

M Trade and other payables

These amounts represent liabilities for goods and services provided to Ore company prior to Ore end of Ore financial
year which are unpaid. Tire amounts are unsecured and are usually paid within 30 days of recognition. Trade and
other payables are presented as current liabilities unless payment is not due wiOriir 12 moirOrs after the reporting
period. They are recognised initially at their fair value and subsequenOy measured at amortised cost using Ore
effective interest (EIR) meOrod.

N Taxes on Income

Tax expense comprises of current income tax and deferred tax.

(i) Current Taxation

Current income tax assets and liabilities are measured at tire amount expected to be recovered from or paid to die
taxation audiorities. Tire tax rates and tax laws used to compute tire amount are diose diat are enacted or
substantively enacted, at die reporting date where die Company operates and generates taxable income.

Current tax items, relating to items recognised outside die statement of profit and loss, are recognised in con-elation
to die underlying transaction eitiier in OCI or directly in equity. Management periodically evaluates positions taken
in die tax returns with respect to situations in which applicable tax regulations are subject to interpretation and
establishes provisions where appropriate. Provision for current tax is recognised based on tiie estimated tax liability
computed after taking credit for allowances and exemption in accordance witii tire Income Tax Act, 1961.

Current tax assets and liabilities are offset where tiie Company has a legally enforceable right to offset and intends
eitiier to settie on a net basis, or to realize die asset and settie tiie liability simultaneously.

(ii) Deferred Taxation

Deferred tax is provided using tiie balance sheet approach on temporary differences between tiie tax bases of assets
and liabilities and their carrying amounts in tiie financial statements at tiie reporting date. Deferred tax relating to
items recognised outside profit or loss is recognised outside profit or loss (eitiier in Other Comprehensive Income or
in equity).

Deferred tax assets are recognised for all deductible temporary'' differences, tiie carry forward of rmused tax credits
and any unused tax losses to tiie extent it is probable that these assets can be realised in future.

Deferred tax assets and liabilities are measured at tiie tax rates that are expected to apply in tiie year- when tiie
asset is realised or tiie liability is settled, based on tax rates (and tax laws) that have been enacted or substantively
enacted at tiie reporting date. Deferred tax assets and liabilities are offset where a legally enforceable right exists to
offset current tax assets and liabilities and tiie deferred taxes relate to tiie same taxable entity and tiie same taxation
authority.

Deferred tax includes MAT tax credit, tiie Company reviews such tax credit asset at each reporting date to assess
its recoverability.

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Mar 31, 2024

SIGNIFICANT ACCOUNTING POLICIES

I) CORPORATE INFORMATION

Sellwin Traders Limited ("the Company") is a public limited Company domiciled in India and limited by shares (CIN: L51909WB1980PLC033018). The shares of the company are publicly traded on Bombay Stock Exchange Limited. The address of the Company''s registered office is 126/B Old China Bazar Street, Kolkata, Kolkata, West Bengal, India, 700001. The Company is mainly engaged in trading activity of Providing Services in Real Estate and Properties, Investment and Trading in Shares & Securities, investment in properties, Providing Finance related services and other advisory.

II) BASIS OF PREPARATION OF STANDALONE FINANCIAL STAEMENTS:

a. COMPLIANCE WITH IND AS:

These Standalone Financial Statements are prepared on going concern basis following accrual basis of accounting and comply in all material aspects with the Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 and subsequent amendments thereto, the Companies Act, 2013.

b. BASIS OF PRSENTATION/ USE OF ESTIMATES

The financial statements have been prepared in accordance with Indian Accounting Standards (hereafter referred to as the ''Ind AS'') as notified by Ministry of Corporate Affairs pursuant to Section 133 of Companies Act, 2013 (the "Act") read with Companies (Indian Accounting Standards (Ind AS)) Rules, 2015 and other relevant provisions of the Act. The financial statements have been prepared on a historical cost convention, except for certain financial assets and liabilities measured at fair value.

The preparation of the financial statements, in conformity with the recognition and measurement principles of Ind AS, requires the management to make estimates and assumptions that affect the reported amounts of assets and liabilities as at the date of financial statements and the results of operation during the reported period. Although these estimates are based upon management''s best knowledge of current events and actions, actual results could differ from these estimates which are recognized in the period in which they are determined.

III) New Standards/ Amendments and Other Changes adopted Effective 1 April 2023 or thereafter

(i) Ind AS 1 Presentation to Financial Statement: The Company has adopted the amendments wherein the Company was required to disclose the material accounting policies in the Standalone Financial Statements instead of the significant accounting policies. Accordingly, the Company is disclosing material accounting policies as Part C. There is no material change in the accounting policies adopted by the Company during the financial year 2023-24.

(ii) Ind AS 8- Accounting policies, change in Accounting Estimates and Errors.

This amendment has introduced a definition of ''accounting estimates'' and included amendments to Ind AS 8 to help entities distinguish changes in accounting policies from changes in accounting estimates. The Company has adopted the amendment and there is no material impact on its Standalone Financial Statements.

(iii) Ind AS 12- Income Tax

The amendment has narrowed the scope of the initial recognition exemption so that it does not apply to transactions that give rise to equal and offsetting temporary differences. The Group has adopted the amendments and there is no material impact on its Consolidated Financial Statements.

IV) Recent Accounting Pronouncements: During the year no new standard or modifications in existing standards have been notified which will be applicable from 1 April, 2024 or thereafter.

V) Functional and presentation currency

These Standalone Financial Statements are presented in Indian Rupees (INR), which is the Company''s functional currency. All financial information presented in INR has been rounded to the nearest Lakhs (up to two decimals), except as stated otherwise.

c. OPERATING CYCLE FOR CURRENT AND NON-CURRENT CLASSIFICATION

The Company presents assets and liabilities in the balance sheet based on current /non-current classification. All the assets and liabilities have been classified as current or non-current, wherever applicable, as per the operating cycle of the Company as per the guidance set out in Schedule III to the Act. The operating cycle is the time between the acquisition of assets for processing and their realisation in cash or cash equivalents. Based on the nature of activities of the Company and the normal time between acquisition of assets and their realization in cash or cash equivalents, the company has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as current and non-current.

D. Material accounting policies

A summary of the material accounting policies applied in the preparation of the Standalone Financial Statements are as given below. These accounting policies have been applied consistently to all periods presented in the Standalone Financial Statements.

1. PROPERTY, PLANT AND EQUIPMENT (INCLUDING CAPITAL WORK-IN-PROGRESS)

Property, Plant and Equipment are stated at cost of acquisition including attributable interest and finance costs, if any, till the date of acquisition / installation of the assets less accumulated depreciation and accumulated impairment losses, if any. Subsequent expenditure relating to Property, Plant and Equipment is capitalised 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. All other repairs and maintenance costs are charged to the Statement of Profit and Loss as incurred. The cost and related accumulated depreciation are eliminated from the financial statements, either on disposal or when retired from active use and the resultant gain or loss are recognised in the Statement of Profit and Loss. Capital work-in-progress, representing expenditure incurred in respect of assets under development and not ready for their intended use, are carried at cost. Cost includes related acquisition expenses, construction cost, related borrowing cost and other direct expenditure.

2. Intangible assets and intangible assets under development 2.1. Initial recognition and measurement :

Intangible assets are measured on initial recognized at cost. Subsequent measurement is done at cost less accumulated amortization and accumulated impairment losses. Cost includes any directly attributable incidental expenses necessary to make the assets ready for its intended use.

Expenditure incurred which are eligible for capitalizations under intangible assets are carried as intangible assets

under development till they are ready for their intended use.

3. INVESTMENT PROPERTY

Land or Building held to earn rentals or for capital appreciation or both rather than for use in the production or supply of goods and services or for administrative purposes; or sale in the ordinary course of business is recognised as Investment Property. Investment Property are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are stated at cost less accumulated depreciation and accumulated impairment loss, if any. Investment properties are de-recognised either when they have been disposed off or when they are permanently withdrawn from use and no future economic benefit is expected from their disposal. The difference between the net disposal proceeds and the carrying amount of the asset is recognised in the Statement of Profit and Loss in the period of de recognition.

4. DEPRECIATION/AMORTISATION ON FIXED ASSETS

Depreciation on Fixed Assets is provided on straight-line method in accordance with life of assets specified in Part C of Schedule II to the Companies Act, 2013 Nature of Assets Estimated useful life in years

1 Computer and laptop 4

2 Electric and fittings 10

3 Furniture 10

ASSETS ACQUIRED IN SATISFACTION OF CLAIMS

Assets acquired in satisfaction of claim has been accounted at fair value of the assets acquired and is marked down by a subsequent reduction in the Net Realisable Value, if any.

5. IMPAIRMENT OF NON FINANCIAL ASSETS

Non- financial assets other than inventories and non-current assets held for sale are reviewed at each balance sheet date to determine whether there is any indication. If any such indication exists or when annual impairment testing for an asset required, the company estimates the asset''s recoverable amount. The recoverable amount is higher of assets or cash generating units (CGU) fair value less cost of disposal and its value in use. Recoverable amount is determined for an individual asset, unless the asset does not generate cash flow that is largely independent of those from other assets or group of assets. When the carrying amount of an assets or CGU exceeds its recoverable amount, the assets are considered impaired and is written down to its recoverable amount.

6. STOCK IN TRADE / SECURITIES FOR SALE

Stock in trade is valued at FIFO or net realisable value whichever is lower. There is not any stock as at 31.03.2024.

7. CASH AND CASH EQUIVALENTS

Cash and cash equivalents for the purpose of cash flow statement comprise cash in hand, balances in current accounts with scheduled banks and bank deposits.

8. REVENUE RECOGNITION

Revenue is recognized when there is reasonable certainty of its ultimate realization / collection. Revenue is net of Goods and Service Tax where recovered.

(i) Income from Operations

Brokerage income is recognized on transactions on which "Settlements" are completed during the year. In case of Income from Marketing of Financial Products the same are accounted on cash basis.

(ii) Profits on Sale of Investments

Profit on Sale of Investments is accounted reckoning the average cost of the investments.

(iii) Other Income

Other Income is accounted on accrual basis except Dividend Income, Interest on Government Bonds and Interest on Income Tax Refunds which are accounted on cash basis.

9. BORROWING COST

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for intended use. All other borrowing costs are charged to revenue.

10. RETIREMENT BENEFITS

The Company has dissolved the Provident Fund Trust and is in the process of closure of the same as there are no employees left other than the two Whole Time Directors and Chief Financial Officer. The Company''s Superannuation Fund is administered through Life Insurance Corporation of India and is recognised by the Income Tax Department. Company''s contribution to Superannuation Fund for the year is charged against revenue. The Company has provided for Gratuity in Current Year for the Two Wholetime Directors.

11. LEAVE ENCASHMENT

Provision is made for Leave Encashment on the basis of actual leave to the credit of the employee.

12. TAXES ON INCOME

Current Tax is determined as per Law. Deferred Tax Asset and Liability are measured using the tax rates that have been enacted or substantively enacted at the Balance Sheet date.

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Mar 31, 2014

01. ACCOUNTING CONVENTIONS:

The Financial Statements are prepared on Historical Cost Convention. Financial Statements are prepared in accordance with relevant presentational requirements of the Companies Act, 1956 and applicable mandatory Accounting Standards.

02. FIXED ASSETS:

Fixed assets are stated at cost less accumulated depreciation and impairment if any. Cost comprises the purchase price inclusive of duties, taxes, and incidental expenses upto the date, the asset is ready for its intended use..

03. DEPRECIATION:

Depreciation on Fixed Assets are provided on Written Down Value Method at the rates prescribed in the Schedule-XIV of the Companies Act, 1956.

Depreciation on fixed assets added / disposed off during the year, is provided on pro-rata basis with reference to the date of addition / disposal.

In a case of impairment, if any, depreciation is provided on the revised carrying amount of the assets over their remaining useful life.

04. IMPAIRMENT OF FIXED ASSETS:

The carrying amounts of assets are reviewed at each balance sheet date to determine whether there is any indication of impairment based on internal/external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its receive after impairment, depreciation is provided on the revised carrying amount of the assets over its remaining useful life.

05. INVESTMENTS:

Investments that are readily realizable and intended to be held for not more than a year are classified as Current Investments. All other Investments are classified as Non-Current Investments. Current Investments are stated at lower of cost and market rate on an individual investment basis. Non-Current Investments are considered ''at cost'' on individual investment basis, unless there is a decline other than temporary in the value, in which case adequate provision is made against such diminution in the value of investments.

06. RECOGNITION OF INCOME & EXPENDITURE:

Income & Expenditures are accounted for on accrual basis.

07. EARNING PER SHARE:

Earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders, by the weighted average number of equity shares outstanding during the year. For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

08. TAXES ON INCOME:

Current Tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred Tax is recognised, subject to consideration of prudence, in respect of deferred tax assets / liabilities on timing difference, being the difference between taxable income and accounting income that originated in one period and are capable of reversal in one or more subsequent periods.

09. CONTINGENCIES:

These are disclosed by way of notes on the Balance sheet . Provisions is made in the accounts in respect of those contingencies which are likely to materialize into liabilities after the year end , till the finalization of accounts and material effect on the position stated in the Balance Sheet.

10. PROVISIONING FOR DEFERRED TAXES:

The Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income Tax Act, 1961.

Deferred Tax resulting from "timings difference" between book and taxable profit is accounted for using the tax rates and laws that have been enacted or substantially enacted as on the Balance Sheet date. The Deferred Tax Asset is recognized and carried forward only to the extent that there is a reasonable certainty that the assets will be realized in future.

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Mar 31, 2013

01. ACCOUNTING CONVENTIONS

The Financial Statements are prepared on Historical Cost Convention. Financial Statements are prepared in accordance with relevant presentational requirements of the Companies Act, 1956 and applicable mandatory Accounting Standards.

02. INVESTMENTS

Investments are long-term investments, hence valued at cost.

03. RECOGNITION OF INCOME & EXPENDITURE

Income & Expenditures are accounted for on accrual basis.

04. EARNING PER SHARE

Earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders, by the weighted average number of equity shares outstanding during the year For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares

05. TAXES ON INCOME

Current Tax is determined as the amount of tax payable in respect of taxable income for the year.Deferred Tax is recognised, subject to consideration of prudence, in respect of deferred tax assets / liabilities on timing difference, being the difference between taxable income and accounting income that originated in one period and are capable of reversal in one or more subsequent periods.

06. CONTINGENCIES :

These are disclosed by way of notes on the Balance sheet . Provisions is made in the accounts in respect of those contingencies which are likely to materialize into liabilities after the year end , till the finalization of accounts and material effect on the position stated in the Balance Sheet.

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Mar 31, 2012

01. ACCOUNTING CONVENTIONS

The Financial Statements are prepared on Historical Cost Convention. Financial Statements are prepared in accordance with relevant presentational requirements of the Companies Act, 1956 and applicable mandatory Accounting Standards.

02. INVESTMENTS

Investments are long-term investments, hence valued at cost.

03. RECOGNITION OF INCOME & EXPENDITURE

Income & Expenditures are accounted for on accrual basis.

04 EARNING PER SHARE

Earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders, by the weighted average number of equity shares outstanding during the year For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares

05 TAXES ON INCOME

Current Tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred Tax is recognised, subject to consideration of prudence, in respect of deferred tax assets / liabilities on timing difference, being the difference between taxable income and accounting income that originated in one period and are capable of reversal in one or more subsequent periods.

06 CONTINGENCIES :

These are disclosed by way of notes on the Balance sheet . Provisions is made in the accounts in respect of those contingencies which are likely to materialize into liabilities after the year end , till the finalization of accounts and material effect on the position stated in the Balance Sheet

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Mar 31, 2011

01 ACCOUNTING CONVENTIONS

The Financial Statements are prepared on Historical Cost Convention. Financial Statements are prepared in accordance with relevant presentational requirements of the Companies Act, 1956 and applicable mandatory Accounting Standards.

02 INVESTMENTS

Investments are long-term investments, hence valued at cost.

03 RECOGNITION OF INCOME & EXPENDITURE Income & Expenditures are accounted for on accrual basis.

04 TAXES ON INCOME

Current Tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred Tax is recognised, subject to consideration of prudence, in respect of deferred tax assets / liabilities on timing difference, being the difference between taxable income and accounting income that originated in one period and are capable of reversal in one or more subsequent periods.

02, Segment Report:

The Company is engaged in the business of Investing Activities and there are no separate reportable segments as per Accounting Standard 17.

03. Related Party Disclosure :

As the Company has not paid anything to the Related Parties as required as per Accounting Standard 18 issued by the Institute of Chartered Accountants of India, there is no need of any disclosure.

04. Cash Flow Statement as per requirement of AS-3 issued by the Institute of Chartered Accountants of India is annexed herewith.

Cash Flow Statement as per requirement of AS-3 issued by the Institute of Chartered Accountants of India is annexed herewith.

05. Deferred Taxation:

On the basis of prudent ground , no deferred tax Asset has been rccogonised during the year. Company has carry forward losses under Income Tax Laws but in the absence of virtual certainity of sufficient future taxable income, in the opinion of management, deferred tax assets has not been recogonised by way of prudence in accordance with AS-22 Accounting For Taxes On Income " issued by the Institute of Chartered Accountants of India.