a) The accounts are prepared in accordance with historical cost
 convention.
 
 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.