1. Basic or Accounting
Financial S.a.cmenls are prepared under historical costs conversations
on accrual basis in accord.. with the requirements olives Companies
2. Revenue and Transaction Recognition
Revenue and Transactions with Stock Exchanges were recognized only lord
3. Used Assets
fixed assets are slated at cost inclusive of incidental expenses such
as fright, octopi, etc, incurred by the company. The installation and
commissioning expenses are also capitalize!
The securities on hand as on 01-03-2011 are valued at cos. or market
prices whichever is lower.
5. Managerial Remuneration: 31.03.2011 31.03.2010
Salary - 14.40
Contribution to Provident* other funds
Perquisites - 14.40
Deprecation on Fixed Assests has been provided on Straight Line Method
as per Section 205(2) (b) of ¦ he Companies Act. 1956 a. the rates and
in the manner specified in Schedule XIV of the said AC
Longer investments have been carried at cost except where there is a
decline in the value of the asset other than a temporary decline; a
provision for the same is made for in the books. No provision has been
made for diminution in the value of investments of Rs. 0 lakhs.
8. Contingent Liabilities
Guarantees given by The Company''s Bankers on behalf of The company is