1. Basis of Preparation of Financial Statement: 
 
 The Financial Statements of the Company have been prepared and
 presented under the historical cost convention on the accrual basis of
 accounting in accordance with the Accounting Principal Generally
 accepted in India (GAAP) and comply with the mandatory Accounting
 Standard (AS) issued by the Institute of Chartered Accountants of India
 to the extent applicable and with the relevant provisions of the
 Companies Act, 1956.
 
 2. Revenue Recognition: 
 
 The Revenue Recognized for transport as and when the service has been
 rendered and for shares when transfer take place, dividend accounted on
 accrual basis.
 
 3. Material Events:
 
 Material events occurring after the Balance Sheet date are taken into
 cognizance.
 
 4. Prior Period Item:
 
 Prior period expenses / income is accounted under the respective heads,
 material item if any, are disclosed separately by way on notes.
 
 5. Investments:
 
 Investments: Investments of Shares, being long term, are stated at
 cost, less permanent diminution in value, if any. Diminution in value
 of investment, if any, has been considered as pemporary in nature.
 
 6. Fixed Assets: 
 
 i) Fixed assets are stated at cost of acquisition inclusive of all
 direct expenses related to such assets up to the date the assets are
 put to use.
 
 ii) Depreciation is provided on pro-rata basis under Straight Line
 Method as per Schedule XIV of the Companies Act, 1956.
 
 7. Retirement Benefit
 
 As informed to us, no employee has completed five years of service as
 on the balance sheet date, so provision of gratuity has not been made.
 
 8. Provision for Taxation
 
 Provision for current tax is made after taking into consideration
 benefit admissible under provisions of the Income Tax Act, 1961.
 Deferred tax resulting from timing difference between taxable profits
 and book profit is accounted for using the tax rate and law, which have
 been enacted or substantively enacted as on the balance sheet date. The
 deferred tax assets are recognized and carry forward only to the extent
 that there is reasonable certainty that the asset will be realized in
 future.
 
 9. Related Party disclosure
 
 Disclosure of transaction with related party as required by Accounting
 Standard 18 has been set out in a separate statement annexed to the
 Notes on Accounts. Related parties defined under clause 3 of Accounting
 Standard have been identified on the basis of representation made by
 key managerial personnel and information available with the company.
 
 10. Impairment of Assets:
 
 At each Balance Sheet date, an assessment is made whether any
 indication exists that an assets has been impaired. If any such
 indication exists, an impairment loss i.e., the amount by which the
 carrying amount of an asset exceeds its recoverable amount is provided
 in the books of account