1.SIGMIFICANT ACCOUNTING POLICY 

1.BASIS OF ACCOUNTING

The financial statement are brpared in accordance with the requirement of the companies act 1956 under the historical cost convention on an accrual basis unless otherwise stated and or immaterial 

2. revenue recognition 

i)revenue is recognized when it is reasonable certain that it will be received

ii) revenue from sale of good is recognized when good are dispatched and invoice is raised

iii)interst and other income is recognized on realization basis rather than on accrual basis

3. fixed assets

Fixed assets are shown at cost less debrciation 

4.debrciation

a) debrciation is calculated on all the assets on written down value  methods as per the  manner specified under the companies act 2013.

b)debrciation for earlier year on account of amendments made as per the companies act 2013 has been accounted in the gross block of the fixed assets and  corresponding effect has been given to the profit and loss statement by way of showing the same under the head exceptional items

5.valuation of inventories (as2)

i)inventory is shown as certified by the management of the company and is relied upon by the auditors

ii)inventory is valued at cost or market value whichever is less

6.retirement benefits (as15)

All retirement benefits inclosing gratuity  and leave encashment will be recognized on cash basis no actuarial valuation has been made

7.accounting for taxes on income (as 22)

a) on account of losses no provision for current income tax liability is required as such no provision has been made thereof 

b)the company has made appropriate provision for deferred income tax  liability as per as 22.

8.contingent liabilities and commitment 

Contingent liabilities and commitment s are shown under other notes

9.prior period item and extra ordinary items

Prior period items and extra ordinary items from part of the profit and loss statement

1.balacne  of all the parties are subject to confirmation and reconciliation 

2. disclosure under section 22 of the micro small and medium enterprises development act 2006 since the company has no such information disclosure has not been made

3. brvious year figures have been re-gruped and rearranged wherever considered necessary

4. wherever external evidences were not available reliance has been made on internal evidences and/or explanation provided by the management

5.particulard under 3cd report tds derails all tds related details including the interest on tds are furnished as per the explanation provided by the assessed without going through the returns chaplains amount being not material no reconciliation has been made for brsentation of detailed under the financial statement  

FOR JANAK SONI &ASSOCIATES 

CHARTERED ACCOUNTANTS

F.R.NO.12145W

C.A.JANAKKUMAR S.SONI.

proprietor

m.no.110003

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

directors   

place ; ahmedabad

date ; 30th  may 2015