a) Accounting Convention
 
 The financial statements have been prepared to comply in all material
 respects with the notified accounting standards by the Companies
 (Accounting Standards) Rules 2006 (as amended) and the relevant
 provisions of the Companies Act, 1956. The financial statements have
 been prepared under the historical cost convention, on an accrual basis
 of accounting.
 
 The classification of assets and liabilities of the Company is done
 into current and non-current based on the operating cycle of the
 business of the Company. The operating cycle of the business of the
 Company is less than twelve months and therefore all current and
 non-current classifications are done based on the status of
 realisability and expected settlement of the respective asset and
 liability within a period of twelve months from the reporting date as
 required by Revised Schedule VI to the Companies Act 1956.
 
 The accounting policies adopted in the preparation of financial
 statements are consistent with those used in the previous year, except
 for the change in accounting policy explained herein below.
 
 b) Use of Estimates
 
 The preparation of the financial statements in conformity with the
 Generally Accepted Accounting Principles applicable in India and the
 provisions of the Companies Act,1956 requires that the Management makes
 estimates and assumptions that affect the reported amounts of the
 assets and liabilities, disclosure of the contingent liabilities as at
 the date of the Financial Statements and reported amount of the revenue
 and expenses during the reported year. Actual results could defer from
 those Estimates.
 
 c) Inflation
 
 Assets and Liabilities are shown at historical cost and no adjustments
 are made for changes in purchasing power of money.
 
 d) Fixed Assets
 
 i) All fixed assets are stated at cost of acquisition, including any
 attributable cost for bringing the assets to its working condition for
 its intended use, less accumulated depreciation.
 
 e) Depreciation , Amortisation and Impairment
 
 Depreciation on fixed assets is charged on straight line method at the
 rates prescribed under Schedule XIV to the Companies Act,1956 except
 that depreciation on fixed assets at the Business Centre at the rate of
 33 1/3 per cent on the Straight line method.
 
 Impairment of assets is ascertained at each balance sheet date in
 respect of the Company''s Fixed Assets. An impairment loss is recognised
 whenever carrying amount of an asset exceeds its recoverable amount.
 The recoverable amount is the greater of the net selling price and
 value in use, the estimated future cash flows are discounted to their
 present value based on an appropriate discount factor.
 
 f) Borrowing Costs
 
 Borrowing costs attributable to the acquisition or construction of
 qualifying assets are capitalised as a part of such assets.All other
 borrowing costs are charged to revenue in the year in which they are
 incurred.
 
 g) Investments
 
 Long term Investments are stated at cost. Provision for diminution is
 made to recognise a decline, other than temporary, in value of long
 term investments where applicable.
 
 Current Investments are stated at lower of cost and fair value
 
 h) Cash and Cash Equivalents
 
 Cash and cash equivalents in the Balance Sheet comprise cash at
 bank,cheques on hand, cash in hand and short term investments with an
 original maturity of three months or less.
 
 i) Revenue Recognition
 
 Revenue in respect of insurance / other claims, interest, commission
 etc. are recognised only when it is reasonably certain that the
 ultimate collection will be made.
 
 j) Contingent Liabilities
 
 These are disclosed by way of notes to the accounts . Provision is made
 in respect of those liabilities which are likely to materialise after
 the year end, till the finalisation of accounts and have material
 effect on the position stated in the Balance Sheet.
 
 k) Employee Benefits
 
 The Company has only one employee who has attained the age of
 superannuation.
 
 1.  Short term employee benefits are recognised as an expense at the
 undiscounted amount in the statement of profit and loss of the year in
 which the related service is rendered.
 
 2.  Long - Term benefit
 
 (i) Defined Contribution Plan :
 
 a.  Provident Fund :
 
 The eligible employee of the Company is entitled to receive post
 employment benefits in respect of provident fund, in which both
 employee and the Company make monthly contribution at a specified
 percentage of the employee''s eligible salary (currently 12 % of
 employee''s eligible salary). The contribution is made to Employees
 Provident Fund Organisation.  Provident Fund is classified as Defined
 Contribution Plan as the Company has no further obligation beyond
 making the contribution. The Company''s contribution to Defined
 Contribution Plan is charged to statement of Profit and Loss as
 incurred.
 
 b.  Superannuation :
 
 The Company has made provision @ 15 % of employee''s eligible salary
 every year and no contribution is presently made since the employee has
 crossed the age of superannuation. The same will be paid to the
 employee on his separation.
 
 (ii) Defined Benefit Plan :
 
 a.  Gratuity :
 
 The Company has an obligation towards gratuity, a defined benefit
 retirement plan covering eligible employee. The plan provides a lump-sum
 payment to vested employee at retirement/separation, death while in
 employment or on termination of employment of an amount equivalent to
 15 days salary payable for each completed year of service. The Gratuity
 Fund benefits are administered by a trust formed for this purpose
 through Group Schemes of the Life Insurance Corporation of India (LIC).
 The Company has made provision on arithmetical basis considering funds
 lying which LIC for this purpose.
 
 b.  Compensated absences :
 
 The Company provides for the encashment of leave or leave with pay
 subject to certain rules. The employee is entitled to accumulate leave
 for future encashment / availment. The liability is recognised based on
 the number of unutilized leave at each balance sheet date on an
 arithmetic basis.
 
 l) Taxation
 
 The Company has substantial carry forward of business losses under
 Income-tax Act, 1961. However , as the availability of sufficient
 future taxable income against which such depreciation and losses can be
 set-off cannot be stated to be virtually certain, the deferred tax
 asset has not been recognised.