NOTES ANNEXED TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2015

Note 1: SIGNIFICANT ACCOUNTING POLICIES

1. METHOD OF ACCOUNTING: Accounts of the company are maintained on the basis of Mercantile System of accounting, Accounting method not referred otherwise are in consistent with the generally accepted accounting practices.

2. FIXED ASSETS: Fixed Assets are stated at cost less debrciation, fixed assets purchased during the year are capitalized at cost inclusive of expense up to their completion or acquisition.

3. INVESTMENT: Raw materials, stores and all other inventories are valued at cost or market value whichever is lower.

4. MISCELLANEOUS EXPENDITURE: Preliminary Expenses and deferred revenue expenditure are written off at 10% every year to amortize over a period of 10 years

Note: 2 The outstanding balances of Deposits, Loans and Advances Creditors, etc. are subject to confirmation, reconciliation and adjustments, if any.

Note:3 Pre - Operative Expenses shall be allocated to Fixed Assets when the Company will commence commercial production.

Note: 4 In the opinion of the Board the Loans and advances and deposits are approximately of the value stated, if realized in the ordinary course of business.

Note: 5 No provision for gratuity is made, since there are no such employees eligible and same shall be accounted for us and when paid.

Note: 6 brvious years figures are regrouped wherever considered necessary to make them comparable with the figures of the year under report.

In terms of our report of even date

For Y. D. & Co.

FOR AND ON BEHALF OF THE BOARD

CHARTERED ACCOUNTANTS

Firm Reg. No. 018846 N

(CA RAKESH PURI)

PARTNER M. No. 092728  

Place: Ludhiana

Date: 28.05.2015

NILESHKUMAR KHATRI

(DIRECTOR)

AMISHKUMAR DANTARA   

(DIRECTOR)

Place: Ahmedabad

Date: 28.05.2015