| 1. | SIGNIFICANT ACCOUNTING POLICIES | | | |
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| (a) | Basis of brparation of Financial statement. | | | |
| (i) | Basis of Accounting | | | |
| The Financial Statements have been brpared to comply in all material respects with the Notified Accounting Standards pursuant to Companies (Accounting Standard) Rules, 2006 and the relevant provisions of the Companies Act 1956. The financial statements have been brpared under historical cost convention and on accrual basis except in case of assets for which provision for impairment is made and revaluation is carried out. The accounting policies have been consistently applied by the Company and are consistent with those used in the brvious year. |
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| (ii) | Uses of Estimates | | | |
| The brsentation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period end. Although these estimates are based upon management's best knowledge of current events and actions, actual results could differ from these estimates |
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| (b) | Earnings per share | | | |
| Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity share holders by the weighted average number of equity shares outstanding during the period. |