1.  The financial statements have been prepared under Historical Cost
 Convention in accordance with the generally accepted accounting
 principles and the provisions of the Companies Act, 1956 as adopted
 consistently by the Company. The same are prepared on a going concern
 basis. The Company follows mercantile system of accounting and
 recognizes significant items of income and expenditure on accrual basis
 
 2.  Closing Stock of Quoted shares are valued at market price and other
 shares at cost price. However at the yearend valuation of quoted shares
 has been taken at opening rates and not at market rates.
 
 3.  In the opinion of the board, current assets and loans and advances
 are approximately of the value stated, if realized, in the ordinary
 course of business and all known liabilities have been provided for.
 
 5.  Investments are stated at cost, and provisions for permanent
 diminution in value of such investments have been made as per the
 circumstances.
 
 6.  P F Superannuation Fund and other employ''s benefits scheme are
 not yet applicable to the company.
 
 7.  Previous year figures have been regrouped and rearranged wherever
 necessary .
 
 8.  Balance of Loans, Debtors, Creditors and depositors are subject to
 confirmation and reconciliation
 
 9.  Contingent Liabilities :            As at 31-03-12   As at 31-03-11
 
 a.  Estimated amount of contracts 
 Remaining to be executed on Capital 
 A/c and not provided for                     - Nil -        - Nil -
 
 b.   Outstanding guarantee furnished
 
 To Banks/Financial Institutions              - Nil -        - Nil -
 
 c.   Outstanding guarantee furnished
 
 In respect of credit facilities to Others    - Nil -        - Nil -
 
 d.   Liabilities in respect of bills 
 Discounted with Banks                        - Nil -        - Nil -
 
 e.   Claims against the Company Not 
 acknowledged as debts                        - Nil -        - Nil -