Statement of accounting policies 

a)the company follows the accrual system of accounting unless stated otherwise

b)basis of brparation of financial statement

the financial statement have been brpared under the historical cost convention method in accordance accordance with  the generally accepted accounting principles and provision of the companies act 2013 as adopted consistently by the company.

c)use of estimates 

the brsentation of financial  statement required estimates and assumption to be made that effect the reported amount of assets and liabilities  on the date of financial statement and the reported amount of revenue and expenses during the reporting period . difference between the actual results and stimated are recognized in the period in which the  result are know materialized

d. income recognition   

the company income from operation is accounted for on accrual basis 

e) expenses 

all crystallized claimed expenses are provided for on accrual basis  

f. valuation 

stock of trading securities are classified in to current and long term investment current investment are valued scripwise  under each category at cost or market value whichever is lower long term investment are valued at cost  the provision for diminution in value of long term investment  has been made if in the opinion of board of the company there is a permanent decline in value of investment 

ii.)market value of trading decorators is determined as under

quoted securitics are taken at highest year end closing market rates brvailing at the principal exchanges where they are traded

the right entitlements for shares debentures are taken at the year end closing market rates applicable for relevant shares debentures less uncalled liability if any 

unquoted securities are taken at cost or break up value whichever is lower

traded government securities are taken on the basis of nse quotations and non traded government securities  are taken on the basis of brcailing atm

‘they are traded as  ssecutitics in the books profit or loss of the same are accounted as and when they are settled or squared up  

g)debrciation 

i)the company ahs been providing debrciation for own assets on straight line pro rata basis at the rate specified in schedule xiv of the companies act 1956 the company does not have any fixed assets as on year end . the debrciation will be provided as brscribed under schedule ii of the companies act 2013.

ii. in terms of guidance  note on accounting for lease issued by institute  of chartered accountants of india debrciation on assets given on lease is provided in manner such that the cost of such asset is written off over the primary lease period in proportion to lease rentals accrued during the year.

h)borrowing costs

borrowing  costs which are directly attributable to the acquisition construction of fixed assets till the time such assets are ready for intended use are capitalized as part of the cost of the assets others borrowing costs are recognized as an expenses in the year in which they are incurred  

i)provision for bad &doubtful  bebts is made based on the rbi guidelines to non banking financial company  prudential norms

j)the payment of gratuity to employee is accounted on cash basis  

k)taxation 

income tax expended comprises current tax and deferred tax charge or credit provision for income tax is made on the basis of estimated taxable  income for the year

deferred tax resulting from the timing difference between book and tax profit is accounted for under the liability method at the current rate of  tax to the extent that the timing difference are expected tocrystalise 

1.based  on the information available with the company regarding the status of creditors under the industries  act 1951 there are no amount dure to small scale industrial undertaking exceeding Rs.1 lacs which is outstanding for more than 30d day 

b) in the absence of necessary information with the company relationg to the registration status of creditors under the micro small  and medium enterprises development act 2006 the information required under the said act could not be compiled and disclosed  

2.the brvious year figures have been re-grouped re arranged reclassified re casted re stated wherever necessary.