a) Accounting conventions
 
 The accounts are prepared under the Historical Cost Convention method.
 
 b) Basis of Accounting
 
 - The accounts are prepaid as per  Accrual Basis of Accounting''  unless
 otherwise stated.
 
 - The accounts are prepared on the  Going Concern Basis
 
 c) Revenue Recognition
 
 Profit/ Losses from Trading activity is recognition on FIFO basis on
 trade dates.
 
 Contingent Liabilities
 
 No provision is made for liabilities that are contingent in nature but,
 if material, the same are disclosed by way of notes to the accounts