a) Method of accounting : The Company has maintained its accounts of
all revenues, expenses, assets and liabilities, having material bearing
on financial statements, on accrual basis, unless otherwise stated.
b) Fixed Assets : Fixed Assets are stated at cost less depreciation.
c) Depreciation : Depreciation is provided on written down value method
on pro-rata basis in accordance with the rates prescribed under
schedule XIV of the Companies Act, 1956.
d) Retirement Benefits : Provision for gratuity, leave encashment and
superannuation liability will be accounted on payment basis.