a.  Accounting Convention:
 
 The accounts have been prepared under the historical cost convention
 based on the principle of going concern and are consistent with the
 generally accepted Accounting Principles, unless otherwise stated.
 
 b.  Fixed assets and Depreciation thereon:
 
 Fixed assets are stated at original cost less depreciation including
 other expenses relating to acquisition and installation.
 
 Depreciation on fixed assets have been provided for the year on
 straight line method as per the depreciation rates specified in
 Schedule XIV of the Companies Act, 1956
 
 c.  Retirement benefits in respect of gratuity, superannuation and
 leave encashment are accounted on accrual basis.