1.  Basis of preparation :
 
 The financial statements have been prepared and presented on an accrual
 basis under the historical cost convention and in accordance with the
 applicable accounting standards prescribed by the Companies (Accounting
 Standards) Rules, 2006 and the relevant provisions of the Companies
 Act, 1956. The accounting policies have been consistently applied
 unless otherwise stated.
 
 2.  Use of Estimates:
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles requires management to make estimates
 and assumption that affects the reported amount of assets and
 liabilities on the date of financial statements and reported amount of
 revenues and expenses during the reporting period. Difference between
 the actual results and estimates are recognized in the period in which
 the results are known/materialised.
 
 3.  Fixed Assets:
 
 (i)    Fixed Assets are valued at cost less accumulated depreciation.
 
 (ii) Incidental expenditure directly attributable to construction is
 accumulated as Capital Work-in-Progress.
 
 4.  Depreciation and Amortisation:
 
 Tangible Assets:
 
 During the year company has provided depreciation as per Straight Line
 Method at the rate & manner specified in Schedule XIV of the Companies
 Act.
 
 5.  Investments:
 
 Investments are stated at cost of acquisition. Provision for diminution
 in value of Investment is made only if such a decline is other than
 temporary in the opinion of the management.
 
 6.  Valuation of Inventories:
 
 (i) Inventory comprises stock of food and beverages and stores and
 spares and is carried at lower of cost and net realizable value. Cost
 includes all expenses incurred in bringing the goods to their present
 location and condition.  Net realizable value is the estimated selling
 price in the ordinary course of business, less estimated cost of
 completion and to make the sale.
 
 (ii) Inventory of Cutlery, crockery, linen & uniform are amortised over
 the period of twenty four months.
 
 7.  Miscellaneous Expenditure:
 
 (i) Deferred Revenue Expenditure related to windmill has been amortized
 over a period of twenty years.  (ii) Deferred Revenue Expenditure other
 than above (i) is amortized over a period of five years.
 
 8.  Revenue Recognition:
 
 (i) Income from Rooms, Banquets, and Restaurant and Other Services
 represents invoice value of goods sold and services rendered exclusive
 of all applicable taxes.
 
 (ii) Revenue from windmill energy generation is accounted for on the
 basis of units generated against consumption at the Hotel, taking into
 consideration the energy charges and fuel charges charged by Torrent
 Power Ltd according to PPA agreement with them.
 
 9.  Foreign Currency Transactions:
 
 Transactions in Foreign Currencies are recorded at the exchange rate
 prevailing on the date of transaction.
 
 10.  Borrowing Cost:
 
 (i) Borrowing cost is recognised as expense in the period in which
 these are incurred.
 
 (ii) Interest and other borrowing cost on specific borrowings,
 attributable to qualifying assets are capitalised.
 
 (iii) Foreign Exchange difference arising on repayment of foreign
 exchange term loan has been adjusted to interest cost.
 
 11.  Provision for Taxation:
 
 (i) Provision for Income tax for the current year is based on the
 estimated taxable income for the period in accordance with the
 provisions of the Income Tax Act, 1961.
 
 (ii) The Deferred Tax resulting from timing difference is accounted for
 using tax rates & tax laws that have been enacted or substantively
 enacted as at the Balance Sheet date.
 
 12.  Employee Benefits:
 
 (i) Gratuity liability is a defined benefit obligation and is recorded
 based on actuarial valuation on projected unit credit method made at
 the end of the financial year. The gratuity liability and the net
 periodic gratuity cost is actuarially determined after considering
 discount rates, expected long term return on plan assets and increase
 in compensation levels. All actuarial gains / losses are immediately
 charged to the profit and loss account and are not deferred.
 
 (ii) Provident fund is a defined contribution scheme and the company
 has no further obligation beyond the contributions made to the fund.
 Contributions are charged to the profit and loss account in the year in
 which they are accrued.
 
 (iii) The Company has no other obligation other than the contribution
 payable.
 
 (iv) Provision for leave salary has been made as determined by the
 management.