1. Significant Accounting Policies :
a) Cost Convention :
The Accounts have been prer'qrsd under Historical Cost Convention.
b) Revenue Recognition :
All incomes and expenditure are accounted on accrual basis.
c) Fixed Assets :
Fixed assets are stated at cost less depreciation.
d) Depreciation :
e) Amortisation of Miscellaneous Expenditure :
Preliminary Expenses and Shares Issue Expenses are amortised over a
period of ten years.
f) Foriegn Currency Transactions : NIL
g) Accounting for retirement benefits :
The company has not made any provision for accruing liability for
gratuity payable to its employees. Gratuity payable will be accounted
as and when payments are made and as such liability has not been