Note:-1-SIGNIFICANT ACCOUNTING POLICIES

1. Basis of brparation of financial statements:-

The financial statements are brpared under the historical cost conversion, in accordance with Indian generally accepted accounting principles (GAAP), the accounting standards issued by the Institute of Chartered Accountants of India (ICAI), the provisions of the Companies Act, 2013 as adopted consistently by the company except where a newly issued accounting standard requires a change in the accounting policy hither to in use.

The management evaluates all recently issued or revised accounting standards on an ongoing basis. All income and expenditure are recognized on accrual basis.

2. Use of Estimates:-

The brparation of the financial statements in conformity with Indian GAAP requires that the management make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities as on the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.

3. Valuation of Stock (AS 2):-

Inventories are valued in accordance with the method of valuation brscribed by The Institute of Chartered Accountants of India at lower of cost or net realizable value.

4. Cash Flow Statement (AS 3):-

Cash flow statement is brpared under "Indirect Method" and the same is annexed.

5. Fixed Assets:-

Fixed assets are stated at the cost of acquisition and the value of acquired business assets less accumulated debrciation. Assets costing less than Rs.5,000/- are fully debrciated.

6. Impairment of Assets:-

As per accounting standard 28, the company assesses at each balance sheet date whether there is any indication that an asset is impaired. If any such indication exists, the company estimates the recoverable amount of the asset. If such recoverable amount of the asset is less than the carrying amount then carrying amount is reduced to recoverable amount. The reduction is treated as impairment and recognized in profit and loss account. If at the balance sheet date there is an indication that a brviously assessed impairment loss no longer exists, the recoverable amount is reassessed and the asset is reflected at the recoverable amount subject to a maximum of debrciated historical cost. During the year no such impairment has occurred.

7. Revenue recognition:-

Revenue from security services recognized as per agreements entered on accrual basis. Revenue from any other services has been accounted on accrual basis. Interest income is accounted on accrual basis.

8. Expenditure:-

Expenses are accounted on accrual basis and provisions are made for all known losses and liabilities.

9. Debrciation:-

The debrciation has been provided on the basis of Straight Line Method adopting the rates and the manner as provided in Schedule II of the Companies Act, 2013 as amended.

10. Retirement Benefits:-

The company is regular in depositing provident fund. The provision for Gratuity is provided based on Actuarial certificate.

11. Taxes on Income:-

Provision is made for income tax on an annual basis, under the tax payable method, based on the tax liability as computed after taking credit for allowances and exemptions. Sufficient future taxable income will be available against which such deferred tax assets can be realized as per AS-22 "Accounting for taxes on income" issued by the Institute of Chartered Accountants of India.

Deferred tax is recognized, subject to the consideration of prudence, on timing differences, being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

Deferred tax assets are recognized on carry forward of losses since there is virtual certainty that sufficient future taxable income will be available against which such deferred tax asset can be realized as per AS-22 "Accounting for taxes on income" issued by the Institute of Chartered Accountants of India.

13. Dues to SSI, Micro, Small and Medium Enterprises:-

Sundry Creditors includes amount due to SSI, micro, small and medium enterprises as on 31.03.2015: Rs. NIL (NIL) with available information from Micro, Small and Medium Enterprises regarding their registration with Central/State Government authorities the disclosure as per Section 23 of The Micro Small Medium Enterprises Development Act, 2006 is made.

13. Segment Reporting:-

The company is operating in a single segment and the risk and reward is same for the segment in all the location and hence the segment reporting is not applicable to the company.

For, Venkatesh & Co.

Chartered Accountants

F.R.No.:-004636S

CA Dasaraty V

Partner

Membership No.026336

Place: Chennai

Date: 28/05/2015

 For and on behalf of Board of Directors

Hitesh C. Kothari Managing Director

Reema C. Kothari Director

Mihir Mehta Company Secretary

Ankit J. Shah Chief Financial Officer

Place: Chennai

Date: 28/05/2015