| Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory 1. SIGNIFICANT ACCOUNTING POLICIES : a) Method of Accounting : The accounts are brpared on Historical cost concept on an accrual basis and accounting principles generally accepted in India. b) Fixed Assets & Debrciation : Fixed assets are stated at original cost including freight, duty, taxes and other incidental and br-operative expenses relating to the acquisition, installation on appropriate basis. Debrciation has been charged on a straight line method as per the rates and in the manner brscribed by Schedule XIV of the Companies Act, 2013. c) Inventories : Closing stocks are valued at cost or market price whichever is less and cost is ascertained on FIFO Method Basis. d) Gratuity and leave encashment is accounted for on cash basis. e) Investment : Long term investment are stated at cost less permanent diminution in value if any. f) Misc. Expenses : ( To the extend not written off ) : These are written off over ten years. . 2. Estimated amount of contracts remaining to be executed on capital account not provided for as on 31-3-2015 is Nil (Pre.Year Nil) (as certified by M.D.) 3. Balance on account of various parties are still subject to confirmation / Reconciliation. 4. The figures have been rounded off to the nearest rupee and the figures for the brvious year have been re-arranged wherever considered necessary. 5. Current Assets loans & advances are approximately of the value stated in the Balance Sheet if realized in the ordinary course of business. 6. Payment to Directors Current Year Previous Year Remuneration (Amount in Rs.) (Amount in Rs.) ------------ NIL --------------------- NIL ----------------- NIL ------ 7. Discloser of related parties/related parties transactions Name Relationship Amount -----------------------------------NIL------------------------------------------ 8. EARNING PER SHARE (AS 20) 2014-2015 2013-2014 a) Weighted average number of equity Shares of Rs. 1 each. i) Number of shares at the beginning of year 8,08,09,900 8,08,09,900 ii) Number of shares at the end of year 8,08,09,900 8,08,09,900 Weighted average number of equity shares outstanding during the year b) Net profit after tax available for ----- ----- Equity shares holder (Rs. in lacs) c) Basic and diluted earning per share (in rupees) 9. SEGMENT INFORMATION Company is engaged only in one business segment. 10. Payment of Auditors --- Audit Fee 25,000 25,000 11. Expenditure in Foreign Currency A. Travelling Expenses -- |