a) The accounts are prepared in accordance with historical cost
b) Fixed Assets and Depreciation :
Fixed assets are stated at cost less depreciation. Depreciation has
been provided on straight line method at the rates prescribed under
Schedule XIV to the Companies Act, 1956.
c) Investments :
All Investments are long term and are stated at cost and provision for
dimiunation in value of investments have been made, for fluctutation
which are permanent in nature.
d) Gratuity :
The Provisions of Gratuity Act are not applicable to the Company.