I.  ACCOUNTING CONVENTION :
 
 The financial statement is prepared under the historical cost
 convention and follows the mercantile system of accounting and
 recognizes income and expenditure on the accrual basis except those
 with significant uncertainties. Sales & Purchase is accounted exclusive
 of excise duty.
 
 II.  FIXED ASSETS :
 
 There Fixed assets are stand at cost of acquisition inclusive of
 freight, duties, taxes, and inclusive of expenses.
 
 III.  DEPRECIATION :
 
 Depreciation on fixed assets is provided on Written Down Value Method
 at the rate and in the manner prescribed in Schedule XIV of the
 Companies Act, 1956.
 
 IV.  INVENTORIES :
 
 There is no Closing Stock at the year end. In closing Stocks include
 shares and securities is valued at cost or market price whichever is
 lower. The stock of Shares and securities is based on the intention of
 management and other relevant circumstances.
 
 V.  INVESTMENT :
 
 All the Investment are Long Term Investment which is stated at cost.
 
 VI.  MISCELLANOUS EXPENSES :
 
 There is no any Preliminary Expenditures at the end of the year.
 
 VII.  CONTINGENT LIABILITIES :
 
 No Provision is made for liabilities, which are contingent in nature
 but, if material, the same all disclosed by way notes to the accounts.