1. NOTES ON ACCOUNTS & SIGNIFICANT ACCOUNTING POLICIES

1. SIGNIFICANT ACCOUNTING POLICIES

a) Fixed Assets

Fixed Assets are recorded at cost of acquisition. They are stated at historical cost.

b) Debrciation

Debrciation on Fixed Assets is provided on straight line method in accordance with the provisions contained in the Companies Act, 2013 as per rates recalculated in terms of the provisions contained therein.

c) Investments

Investments are stated at cost of acquisition less provision for demunition in value as certified by management and/or on the basis of sale proceeds after balance sheet date.

d) Revenue Recognition

Revenue is recognised when there is reasonable certainty of its ultimate realisation/collection.

e) Profit of Sale of Investments

Profit on sale of investment is accounted reckoning the average cost of the investments.

f) Stock in Trade

The valuation of stock in trade has been made at cost price..

g) Deferred Tax Assets/Liability

The Company has not accounted for deferred tax assets accrued due to carried forward losses.

1. There are no amount due to small and micro enterprises for the year.

2. Income/Expenditure in foreign currency - NIL

3. Payment to Auditors includes Audit Fees Rs. 15,000/-, Tax Audit Fees NIL, For other services NIL

4. and re-imbursement of expenses NIL

5. Liability for retirement benefits - NIL

6. Investment in subsidiary companies - NIL

7. Corresponding figures of the brvious year have been regrouped to confirm with this year's grouping wherever necessary.

For B K Tibrewal & Associates

Firm's Registration No - 322783E

Chartered Accountants

(B. K. TIBREWAL)

Proprietor

Mem No - 053582

SANWARMAL AGARWAL Directors

SUMAN AGARWAL Directors

Place : Kolkata

Dated : 29th day of May, 2015