| Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory Significant Accounting Policies:Disclosure of accounting policies explanatoryBasis of brparation of Financial Statements The financial statements are brpared under the historical cost convention on accrual basis, in accordance with the applicable mandatory accounting standards and as per the applicable provisions of companys Act. 1956. Use of Estimates: The brparation of financial statements requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. The difference between the actual results and estimates are recognized in the period in which the results are known.
Employee Benefits: Employee benefits are recognized as an expense at the undiscounted amount in the profit and loss account of the year in which the related service is rendered. Retirement benefits: The provisions of the various retirement benefits laws are not applicable to the company.
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