2.    Statement of Significant Accounting Policies
(a)	Basis of brparation
	The financial statements have been brpared to comply in all material respects with the mandatory Accounting Standards issued by the Institute of Chartered Accountants of India and the relevant provisions of the Companies Act, 1956. The financial statements have been brpared under the historical cost convention on an accrual basis.
(b)	Earnings Per Share
	Basic earnings per share are calculated by dividing the net profit or loss for the Year attributable to equity shareholders (after deducting brference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the Year.  Partly paid equity shares are treated as a fraction of an equity share to the extent that they were entitled to participate in dividends relative to a fully paid equity share during the reporting year.  For the purpose of calculating diluted earnings per share, the net profit or loss for the Year attributable to equity shareholders and the weighted average number of shares outstanding during the Year are adjusted for the effects of all dilutive potential equity shares, if any.
(c)	Miscellaneous Expenditure
	Preliminary Expenses i.e. Initial Share issue expenses will be amortized in five years from the Commencement of Business.
(d)	Taxation
(e) (f) 3. 4.	Current tax provision is computed for income calculated after considering allowances and exemptions under the provisions of the applicable Income Tax Laws. Deferred tax is accounted at the current rate of tax to the extent of temporary timing differences that originate in one Year and are capable of reversal in one or more subsequent Years. However, no deferred tax asset is created where there is no virtual certainty as to the sufficient future taxable profit.  Foreign Exchange Transaction Foreign currency during the year is recorded at the rate of exchange brvailing at the date of transaction. Monetary assets and liabilities related to foreign currency transactions remaining unsettled are translated at the year end rate. All exchange differences are dealt with in the Profit and Loss Account Investment Current investments are valued at lower of cost or market value

No Employees Benifits is provided during the current year.