Note On Significant Accounting Policies :

1 Statement on significant Accounting Policies followed by the company:

I System of Accounting:

A. The company generally follows the accrual basis of accounting both as to income & expenditure except those with significant uncertainties and complies in all material aspects with all the applicable accounting principles in India including the Accounting Standards specified under section 133 of the Companies Act, 2013 read with Rule 7of the Companies (Accounts) Rules, 2014.

B. Financial statements are based on historical costs. These costs are not adjusted to reflect the impact of the changing value in the purchasing power of money.

C. Estimates & Assumptions used in the brparation of the Financial Statements are based on the relevant facts and circumstances as of the date of the Financial Statements which may differ from the actual results at a subsequent date.

II Current- Non Current Classification:-

All assets and liabilities are classified into current & non-current.

Assets

An asset is classified as current when it satisfies any of the following criteria:

A. It is expected to be realized in, or is intended for sale or consumption in the Company's normal operating cycle;

B. It is primarily held for the purpose of being traded;

C. It is expected to be realized within 12 months after the reporting date; or

D. It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting date.

Current assets include the current portion of non-current financial assets. All other assets are classified as non-current.

Liabilities

A liability is classified as current when it satisfies any of the following criteria:

A. It is expected to be settled in the Company's normal operating cycle;

B. It is primarily held for the purpose of being traded;

C. It is due to be settled within 12 months after the reporting date; or

D. The Company does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting date. Terms of a liability that could, at the option of the counterparty, result is in settlement by the issue of equity instruments do not affect its classification.

Current liabilities include current portion of non-current financial liabilities. All other liabilities are classified as non-current

Operating Cycle:

Operating cycle is the time gap between the acquisition of assets for processing and their realization in cash and cash equivalents. The Company's normal operating cycle is less than 12 months.

III Fixed Assets & Debrciation:

A. Fixed assets are carried at their cost of acquisition less accumulated debrciation.

B. Debrciation on all assets has been provided on "Written Down Value Method" in the manner and rates specified in Schedule II to Companies Act, 2013. If the management's estimate of the useful life on a subsequent review is shorter/ greater than that envisaged in the aforesaid Schedule, debrciation is provided at higher/lower rate based on the management's estimate of the remaining useful life.

The estimate of the useful lives of the asset is based on the technical evaluation of the Company. Pursuant to policy estimated useful life of the asset has ended and all the assets were disposed off during the current year.

C. Intangible assets viz. Goodwill is not amortised in the accounts.

IV Revenue Recognition:

Revenue is recognized as and when sale / services are rendered to the customer. During the year company could not make any Sale / Service.

V Taxation:

As there is no taxable income during the year, Current tax determined is NIL. Deferred Tax is recognized subject to consideration of prudence in respect of deferred tax assets arising due to timing differences, being the differences between the Taxable Income and Accounting Income which originate in one year and are capable of reversal in one or more subsequent years. Deferred Tax assets on account of brought forward losses and unabsorbed debrciation under the Tax laws are recognized, only if there is virtual certainty of its realization supported by convincing evidence. At each balance sheet date the carrying amount of deferred tax assets are reviewed, to reassure realization.

VI Miscellaneous Expenditure:

There is no Preliminary expenditure.

VII Investments

There are no Investments made by the company.

VIII Earnings/ (loss) per share:

Basic earnings/ (loss) per share are calculated by dividing the net profit after tax / (loss) for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

IX Retirement and other employee benefits:

There are no employees are employed during the year.

X Foreign Currency Transactions:

There are no foreign currency transactions.

XI Derivatives:

There are no derivative contracts.

XII Operating Leases:

Company is not entered into any lease contracts during the year.

XIII Provision & Contingencies:

A provision is recognized in the Balance Sheet when the Company has a brsent obligation as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle the obligation. Loss contingencies arising from claims, litigation, assessment, fines, penalties etc. are recorded when it is probable that a liability has been incurred, and the amount can be reasonably estimated. A disclosure for a contingent liability is made when there is a possible or brsent obligation that may, but probably will not require an outflow of resources. When there is a possible obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

II. NOTES FORMING PART OF THE ACCOUNTS

1 Contingent Liabilities

No provision is made for liabilities that are contingent in nature and are not recognized in the financial statements but if material, the same are disclosed by way of notes to accounts.

3 In accordance with Accounting Standards-22 "Taxes on Income" issued by The Institute of Chartered Accountants of India, the Holding company has not recognized any Deferred Tax Assets, which results from the timing differences between the Book Profits and Tax Profits as there is no reasonable level of certainty supported by convincing evidence of past records and that sufficient future taxable income will be available against such deferred tax assets

4 Segment Reporting:

The Company operates in a single business segment - Travel related business. Hence, no segment wise figures are mentioned.

5 In the absence of balance confirmations, balances in Sundry Creditors and Other current Liabilities are as per Books of Accounts only.

7 On the basis of information available with the Company, regarding the status of the suppliers as defined under the "Micro, Small and Medium Enterprises Development Act 2006", there were no dues to supplier as at 31 March 2015. Further there were no overdue during the period and therefore the question of provision of interest and related disclosures under the said Act does not arise

8 Disclosure pursuant to Accounting Standard - 15 (Revised) "Employee Benefits": As there are no employees in the holding company there are no benefits are provided.

9 Company has accepted Loans from Directors and the same are shown as Non-Current Liabilities.

11 Previous year's figures have been regrouped wherever necessary.

NOTE ON SIGNIFICANT ACCOUNTING POLICIES :

As per my attached report of even date

For G.V.Madane & Co.

Chartered Accountants

sd/-G.V Madane

Partner

Firm Regn No. 105698W

Membership No. 14022

On behalf of the Board of Directors

sd/- sd/-Prakash Bang Managing Director DIN : 00088837

sd/-Ruchir BangDirectorDIN : 00088900

Place : Pune.

Date : 12/05/2015