1.  Basis of Preparation of financial statements
 
 a) The accompanying financial statements have been prepared under the
 historical cost convention in accordance with Generally Accepted
 Accounting Principles (GAAP) and the provisions of the Companies Act,
 1956 as adopted consistently by the company.
 
 b) Accounting Policies not specifically referred to otherwise are
 consistent and in consonance with the GAAP followed by the company
 
 2.  Investments
 
 a) Long term Investments are stated at cost of acquisition. Provision
 for diminution in the value of long- term investments is made only if
 such decline is other than temporary in the opinion of the management.
 
 b) Dividends are accounted for as and when received
 
 3.  Preliminary Expenses
 
 Preliminary expenses are written off over a period of ten years and
 charged to Profit & Loss Account.
 
 4.  Share issue Expenses
 
 Share Issue expenses are written off over a period often years and
 charged to Profit & Loss Account.
 
 5.  Accounting for taxes on Income
 
 Deferred tax is recognized, subject to the consideration of prudence,
 on timing differences, being the difference between taxable incomes and
 accounting income that originate in one period and are capable of
 reversal in one or more subsequent periods. The same is accounted for,
 using the tax rates as on Balance Sheet date. Deferred Tax assets are
 recognized only when there is virtual certainty of their realisation
 
 6.  Earning per Share
 
 a) Earning per Equity Share is calculated by using weighted average
 number of Equity Shares outstanding  during the period
 
 b) Diluted Earning per share comprises the weighted average number of
 Equity Shares considered for deriving Basic Earnings per Equity Share
 and weighted average number of Equity Shares that could have been
 issued on the conversion of all dilutive potential Equity Shares at
 last issue price of each share. Dilutive potential shares are deemed
 converted as of the beginning of the period, unless they have been
 issued at a later date
 
 c) In case of any Bonus issue or any other corporate action during the
 year affecting number of outstanding
 
 shares, the number of equity shaves outstanding before the event is
 adjusted for the proportionate change in the number of equity shares
 outstanding as if the event had occurred at the beginning of the
 earliest period reported.
 
 7.  Revenue recognition
 
 a) Income is recognized when the services are rendered to customers.
 
 b) All expenses are accounted for on accrual basis unless otherwise
 specified.
 
 8.  Provision. Contingent Liabilities and Contingent Assets
 
 Provisions involving substantial degree of estimation in measurement
 are recognised when there is a present obligation as result of past
 events and it is probable that there will be an outflow of resources.
 Contingent liabilities are not recognised but are disclosed in the
 notes, Contingent assets are neither recognised nor disclosed in the
 financial statements.
 
 9.  Related Party Transaction
 
 Parties are considered to be related if at any time during the year,
 one party has the ability to control the other party or to exercise
 significant influence over the other party in making financial and / or
 operating decision.
 
 10.  Use of Estimates
 
 In preparing Companys financial statements in conformity with
 accounting principles generally accepted in India, management is
 required to make estimates and assumptions that affect the reported
 amounts of assets and liabilities and the disclosure of contingent
 liabilities at the date of the financial statements and reported
 amounts of revenue and expenses during the reporting period actual
 results could differ from those estimates.