SIGNIFICANT ACCOUNTING POLICIES :

(i)Basis of Preparation of financial Statements :

The financial statements have been brpared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost convention on the accrual basis except for certain financial instruments which are measured at fair values. GAAP comprises mandatory Accounting standards notified under 133 of the Companies Act, 2013 read together with Rules 7 of the Companies (Accounts) Rules, 2014, the provisions of the Companies Act, 2013 and guide lines issued by the securities and Exchange Board of India ( SEBI ). Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use or different accounting policy is required by status.

(ii)Use of Estimates :

The brparation of financial statements in conformity with Generally Accepted Accounting Principles requires estimates and assumption to be made. That affect the reported amounts of assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Difference between the actual result and estimates are recognized in the period in which the results are known/materialized.

(iii)Investments :

Long term Investment are stated at cost. Provision for permanent diminution in value of Long term investment is made only if such decline is other than temporary in the opinion of management. Investments other than long term investments being current investments are valued at cost or fair value whichever is lower.

(iv)Provision :

Provision are recognized when an enterprise has a brsent obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are deremined based on management estimate require to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current management estimates.

(v)Treatment of Contingent Liabilities :

Contingent Liabilities are disclosed by way of notes. Provision is made in the accounts for those liabilites which are likely to materialize after the year end till the finalization of accounts and having effect on the position stated in the balance sheet as at the year end.

(vi)Taxation :

Provision for taxation has been made in accordance with the rates of Income Tax Act, 1961 brvailing for the relevant assessment year.

(vii)Deferred Taxation :

Deferred tax assets and liabilites are recognized for the future tax consequences attributable to timing differences that result between the profits offered for income taxes and the profits as per the financial statements. Deferred tax assets and liabilities are measured using the tax rates and the tax laws that have been enacted or substantially enacted at the balance sheet date. Deferred tax Assets are recognized only to the extent there is reasonable certainty that the assets can be realized in the future. Deferred tax Assets are reviewed as at each Balance Sheet date.

(viii)Revenue Recognition :

Sales are recognized, net of returns discounts, on dispatch of goods to Customers. Interest income is recognized on time proportion basis. Dividends are recognized when actually received.

(ix)Employee Retirement Benefits :

Company's contributions to provident fund and subscription to Employees group gratuity scheme of life Insurance Corporation of India is charged to profit and Loss Account and further, leave salary and bonus are charged to profit and loss account on cash basis.

Note 1 : Foreign Currency :

Expenses in foreign currency NIL (P. Y. NIL) Earning in foreign currency NIL (P. Y. NIL)

Note 2 : The company has no outstanding dues to small scale industries undurtaking as on 31st March, 2015.

Note 3 : During the year, the company has not carried on more than one activity. Therefore Segment Reporting as per AS 17 is not applicable to the company.

Note 4 : Previous year's figures have been regrouped / rearranged wherever necessary, so as to make them comparable with those of the current year.

As per our report of Even Date

For N. K. JALAN & CO.

Chartered Accountants

Firm Reg. No. : 104019 W

Sd/-CA N K JALAN PROPRIETOR

Mem. No. 011878

For RAJKAMAL SYNTHETICS LIMITED

Sheodutt Sanghai : Director (DIN-00048733)

 Sushil Sanghai Director (DIN-00048872)

sd/-Rajendra Nangalia

Director

(DIN-02118755)