NOTE NO.-1 : SIGNIFICANT ACCOUNTING POLICIES:

1.01 BASIS OF ACCOUNTING

The accounts of the Company are brpared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not specifically referred to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognises Income and Expenditure on accrual basis except otherwise specified.

1.02 REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

1.03 FIXEDASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less debrciation.

1.04 DEbrCIATION

Debrciation on Tangible Assets has been provided on the straight-line method over the useful lives as brscribed in schedule II ofthe Companies Act, 2013 and on additions on Pro-rata basis.

1.05 INVESTMENTS

Long Term Investments are stated at cost.

1.06 STOCK-IN-TRADE:

Current Investments in the nature of stock in trade are valued at cost.

1.07 DECREASE IN VALUE OFINVESTMETS

Decreases in value of Current Investments in the nature of stock in trade are provided at in aggregate for each category at difference between cost and market value (if lower than cost), at the balance sheet date.

And decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Rs. 1/-, as the case may be in accordance with Reserve Bank of India guidelines.

1.08. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees shall be accounted as and when company becomes statutory liable.

1.09 CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.

Note No-17 : Other Notes & Disclosers *

(i) In the opinion of Board, Current Assets, Loans & Advances have a value of realization in the ordinary course of business, at least equal to the amount at which they are stated.

(ii) Previous year's figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to the nearest rupees.

(iii) Prior year's adjustments are shown net of Income, if any.

(iv) No transaction was effected during the period ended on 31st March 2015 with the small scale Industrial Undertaking and outstanding to small scale Industrial undertaking as at the year end was Nil

(v) CIF value of Imports , Earnings in Foreign Exchange, Remittance in Foreign Exchange, Expenditure in Fereign Exchange are NIL

(vi) Contingent Liabilities and commitments (to the extent not Provided for):

(a) Contingent liabilities

Outstanding guarantees and counter guarantees to various banks in respect of the guarantees given by those banks in favor of various government authorities and others - Nil

Claims against companies not acknowledged as debt -N il

(b) Commitments

Estimated amount of un expected capital contracts-Nil

(vii) There is no pending litigations on its financial position of the company.

(viii) Provision for short term regular expenses has been made (refer Note-7). There is no other material foreseeable losses as required under the applicable law or accounting standards, on long term contracts including derivative contracts requiring Company to make provisions thereof.

(ix) There is no amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.