1. Significant Accounting Policies

a. ACCOUNTING ASSUMPTIONS:

The financial statements of Senthil Infotek Limited have been brpared and brsented in accordance with Indian Generally Accepted Accounting Principle(GAAP) under the historical cost convention on the accrual basis. GAAP comprises accounting Standards notified by the central Government of India under section 2 (2) of the companies Act, 2013, other pronouncements of Institute of Chartered Accountants of India, and the provisions of companies Act.

The Company has brpared these financial Statements as per the format brscribed by Revised Schedule VI to the companies Act 1956 issued by Ministry of Corporate Affairs.

Previous year figures have been regrouped, recast and reclassified wherever necessary to confirm with those of the current year.

b. FIXED ASSETS:

Fixed Assets are accounted at cost of acquisition exclusive of CENVAT and inclusive of freight inward, taxes, incidentals related to acquisition and financial cost till commencements commercial production.

c. DEbrCIATION:

Debrciation has not been provided for this year as the operations were negligible.

d. INCOME TAX EXPENSES:

Income tax expense comprises current tax and deferred tax charge or credit.

Current Tax

The current charge for income taxes is calculated in accordance with the relevant tax regulations applicable to the company.

Deferred Tax - Not Applicable

As per our report of even date

For P. Srinivasan & Co.,

Chartered Accountants

Firm Regn. No. 004055S

Sd/- K. Ranganathan

Partner

Membership No.10842

For and on behalf of the board

For SENTHIL INFOTEK LIMITED

Sd/- C. Pitchandi Managing Director

Sd/- P. Seetha Lakshmi Director

Place: Secunderabad

Date : 27.05.2015