NOTES FORMING PART OF THE FINANCIAL STATEMENTS NOTE.

1: Significant Accounting Policies

a)Basis of Preparation of financial statements:

These financial statements have been brpared in accordance with the Generally Accepted Accounting Principles in India ("Indian GAAP") to comply with the Accounting Standards specified under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules 2014, and the relevant provisions of the Companies Act, 2013. The financial statements have been brpared under the historical cost convention on accrual basis.

b)Fixed Assets

The fixed assets are stated at cost of acquisition and subsequent improvements thereto including taxes duties, freight and other incidental expenses related to acquisition and installation.

c)Debrciation

Debrciation on fixed assets is provided as per Schedule II of Companies Act, 2013 taking into account the useful life.

d)Deferred tax liability / Asset To provide and recognize Deferred tax on timing differences between taxable income and accounting income subject to consideration of prudence.

e)Inventories

Inventories are valued at lower of the cost or net realizable value.

f)Revenue Recognition

Sale of goods is recognized at the point of despatch of finished goods to the customers._

2.1 Rights attached to equity shares

The Company has only one class of equity shares having a face value of Rs.10 /- each. Each holder of equity share is entiltled to one vote per share. The company declares and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the equity shareholders will be entitled to receive remaining assets of the company, after distribution of all brferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

NOTE 1: Previous year figures are regrouped / rearranged wherver necessary

The accompanying notes form an integral part of the financial statements           

As per our report of even date 

For M. ANANDAM & CO              

For and on behalf of the Board

Chartered Accountants

A V Sadasiva     

Partner

Suchit Mohal Lal

Managing Director

M No: 018404   

Sushant Mohan Lal

Director

Place: Secunderabad     

Date :30.05.2015