Significant Accounting Policies and Notes to Accounts          
1 Company Background           
 Krystal Integrated Services Private Limited was incorporated under the provisions of the companies Act, 1956 on 1st December, 2000. The company has a team of over 10000 professionally trained manpower serving to imbrssive clientele which includes government companies, national and multi national companies. The company is mainly in the  business of Providing Facilities Management Services , Security Agency Services, Housekeeping Services and  Supply, Installation, Testing and Commissioning Services.          
           
2 Significant Accounting Policies:          
i) Basis of Accounting          
 The financial statements are brpared and brsented under historical cost convention, on-going concern concept and in compliance with the Accounting Standards notified under Section 133 of the Companies Act, 2013. The Company follows mercantile system of accounting and recognizes Income and expenditure on accrual basis to the extent measurable and where there is certainty of ultimate realization in respect of Income. Accounting policies not specifically referred to otherwise are consistent and in consonance with the generally accepted accounting policies.     
           
ii) Use of Estimates          
The brparation of the financial statements in conformity with GAAP requires the Management to make estimates and assumptions that affect the reported balances of assets and liabilities and disclosures relating to contingent liabilities as at the date of the financial statements and reported amounts of income and expenses during the period under review.        
           
Accounting estimates could change from period to period. Actual results could differ from those estimates. Changes in the estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the financial statements. 
           
iii) Cash Flow Statement          
The cash flows from operating activities are determined by using the indirect method. Net income is therefore adjusted by non-cash items, such as measurement gains or losses, changes in provisions, impairment of property, plant and equipment and intangible assets, as well as changes from receivables and liabilities. In addition, all income and expenses from cash transactions that are attributable to investing or financing activities are eliminated. The cash flows from investing and financing activities are determined by using the direct method.         
           
iv) Property, Plants and Equipmnents          
Tangible Assets          
Tangible Assets are stated at cost of acquisition less accumulated debrciation and impairment losses. The Cost of Fixed Assets including any cost attributable to bringing the assets to their working condition for their intended use and taxes to the extend cenvat not availed.     
           
Intangible Assets          
Intangible Assets are stated at cost of acquisition less accumulated amortization and impairment losses. The Cost of Intangible Assets including any cost attributable to bringing the assets to their working condition for their intended use and taxes to the extend cenvat not availed.    
           
v) Debrciation and amortisation          
Debrciation on property, Office Equipments,plant and machinery and Furniture and Fixtures has been provided on-pro rata basis  over estimated useful life of the assets as brscribed in Schedule II to the Companies Act, 2013 except in following cases.           
Debrciation on assets costing less than Rs 5000 is charged in full to Profit and Loss statement. Intangible assets are amortised over the useful life of three year.          
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in profit or loss.          
vi) Investments           
(a)    The Investments which are readily realizable and intended to be held for not more than one year from the date on which such investments are made, are classified as current investments, Current investments are classified in the financial statements at lower of cost and fair value determined on an individual investment basis          
           
(b)   Investment other than current investments, are classified as long term investments and are stated at cost, Provision for diminution in value of long term investments is made only  if such a decline is other than temporary.          
           
vii) Impairment of Assets          
The Company assesses at each Balance Sheet date whether there is any indication that an asset may be impaired. If any such indication exists, the company estimates the recoverable amount of the asset. If such recoverable amount of the asset is less than its carrying amount, the carrying amount reduced to its recoverable amount. The recoverable amount is the greater of the asset's net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their brsent value at the weighted average cost of capital. The reduction is treated as an impairment loss and is recognized in the Profit and Loss account. If at the Balance Sheet date, there is an indication that a brviously assessed impairment loss no longer exists, than the recoverable amount is reassessed and the asset is reflected at the recoverable amount.          
           
viii) Inventories          
Items of inventories are measured at lower of cost and net realisable value after providing for obsolescence.  Cost of inventories is ascertained on FIFO basis. Cost of inventories comprises of cost of purchase, cost of conversion and other costs including  overheads net of recoverable taxes incurred in bringing them to their respective brsent location and condition.     
           
Inventory Comprise of Work- In Progress pertaining to Tech Mahindra Ltd. (PCMC) project and Orissa Project.          
           
ix) Taxes on Income          
Income Tax comprises of Current Tax and net changes in Deferred Tax Assets or Liability during the year. Provision for current tax is based on the taxable income of the Company as determined under the provision of income Tax Act, 1961.         
           
"Deferred income taxes reflects the impact of current year timing differences between taxable income and accounting income for the year and reversal of timing differences of earlier years.
Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognized only to the extent there is reasonable certainty that sufficient future taxable income will be available against which such deferred assets can be realized. In situations where the company has unabsorbed debrciation or carry forward tax losses, deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.
The carrying amount of deferred tax assets are reviewed at each balance sheet date. The company writes-down the carrying amount of a deferred tax assets to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available.         
           
x) Employee Benefits          
Short-term Employee Benefits:           
All employee benefits payable wholly within twelve months of rendering the service are classified as short-term employee benefits.  The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employees is recognized as an expense during the period.          
           
Post Employment Benefits:          
Defined Benefit Plan: The Company's liability towards gratuity is defined benefit plans. The brsent value of the obligation under such defined benefit plan is determined based on actuarial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. 
           
The obligation is measured using the brsent value of the estimated future cash flows. The discount rates used for determining the brsent value of the obligation under defined benefit plan, are based on the market yields on Government securities as at the balance sheet date, having maturity periods approximating to the terms of related obligations.       
           
Other Benefits:          
Compensated absences are to be availed or encashed within 12 months from the end of the year and according are treated as short term employee benefits. The obligation towards the same is measured at the expected cost of accumulating compensated absences as the additional amount expected to be paid as a result of the unused entitlement as at the year end. The Company's liability is actually determined at the end of each year. No encashment is provided to in-house employees for leave accumulation, the same is applicable for contract employees based on client's they are serving.    
           
Termination Benefits : Termination benefits are recognised in the statement of profit and loss as and when incurred.          
           
xi) Revenue Recognition          
a Revenue is recognized when the control is transferred to the customer and when the Company has completed its performance obligations under the contracts. Revenue is recognized in a manner that depicts the transfer of goods and services to customers at an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Revenue is recognized as follows: (i) Revenue from services rebrsents the amounts receivable for services rendered. (ii) For non-contract-based business, revenue rebrsents the value of goods delivered or services performed. (iii) For contract-based business, revenue rebrsents the sales value of work carried out for customers during the period. Such revenues are recognized in the period in which the service is rendered. (iv) Unbilled revenue (contract assets) net of expected deductions is recognised at the end of each period. Such unbilled revenue is reversed in the subsequent period when the actual invoice is raised. (v) For SITC contracts  are measurable against actual supply of material, followed by subsequent Installation and eventually  Testing & Commissioning of the said material till go-live of the contract .          
           
b Dividend income is recognized on receipt basis.                  
c Interest income is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.                    
xii) Foreign currency transactions          
The Company accounts for the effects of changes in foreign exchange rates in accordance with Accounting Standard-11 notified by the Companies (Accounts) Rules, 2014. Transactions in foreign currency are recognised on the basis of the rate of exchange brvailing at the date of the transaction. Exchange differences arising on settlement during the year are recognised in the Statement of Profit and Loss. Monetary items, denominated in foreign currency, are restated at the exchange rate brvailing at the year end and the resulting exchange difference recognized in the Statement of Profit and Loss. 
           
xiii) Provisions, Contingent Liabilities and Contingent Assets     
A provision is recognized when an enterprise has a brsent obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation and in respect of which a reliable estimate can be made. Provisions are not discounted to its brsent value and determined based on best estimate required to settle the obligation at the balance sheet date. A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a brsent obligation that is not recognised because it is probable that an outflow of resources will not be required to settle the obligation . However, if the possibility of outflow of resources, arising out of brsent obligation, is remote, it is not even disclosed as contingent liability. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognised because it cannot be measured reliably. The Company does not recognize a contingent liability but discloses its existence in the notes to financial statements. Contingent Assets are neither recognized not disclosed in the financial statements. 
           
xiv) Earning per share          
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity share holders (after deducting brference dividends, if any, and attributable taxes) by the weighted average number of equity shares outstanding during the period.    
           
For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effect of all dilutive potential equity shares.     
           
xv) Borrowing Cost          
Interest and other costs incurred for acquisition and construction of qualifying assets, up to the date of commissioning/ installation, are capitalized as part of cost of said asset. All other borrowing costs are expensed in the period they occur.         
           
xvi) Operating Lease          
The Company is obligated under non-cancellable leases for office and residential space that are renewable on a periodic basis at the option of both the lessor and lessee. Lease expenses are charged to the profit and loss account on a straight line basis over the lease term.

xvii) Government Grant          
Company has received government grants to towards Aajeevika Skills Government of India under DDUGKY ( Din Dayal Upadhyay Grameen Kaushalya Yojana ) is the Skilling and Placement initiative of the Ministry of Rural Development ( MoRD ), Government of India. Recognition of the said grants is on receipt basis. Company not desirous to make any profit out of receipt of government grants and it has no nexus with revenue account of the company.            
         

Employee Benefits          
Short-term Employee Benefits:           
All employee benefits payable wholly within twelve months of rendering the service are classified as short-term employee benefits.  The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employees is recognized as an expense during the period.          
           
Post Employment Benefits:          
Defined Benefit Plan: The Company's liability towards gratuity is defined benefit plans. The brsent value of the obligation under such defined benefit plan is determined based on actuarial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. 
           
The obligation is measured using the brsent value of the estimated future cash flows. The discount rates used for determining the brsent value of the obligation under defined benefit plan, are based on the market yields on Government securities as at the balance sheet date, having maturity periods approximating to the terms of related obligations.       
           
Other Benefits:          
Compensated absences are to be availed or encashed within 12 months from the end of the year and according are treated as short term employee benefits. The obligation towards the same is measured at the expected cost of accumulating compensated absences as the additional amount expected to be paid as a result of the unused entitlement as at the year end. The Company's liability is actually determined at the end of each year. No encashment is provided to in-house employees for leave accumulation, the same is applicable for contract employees based on client's they are serving.    
           
Termination Benefits : Termination benefits are recognised in the statement of profit and loss as and when incurred.