General:
 
 (i) These accounts are prepared on the historical cost basis and on the
 accounting principles of going concern.
 
 (ii) Accounting policies not specifically referred to otherwise or
 consistent and in consonance with generally accepted accounting
 principles.
 
 Revenue Recognition:
 
 The Company follows the mercantile system of Accounting and recognizes
 income and expenditure on accrual basis.
 
 Investments:
 
 Investments are stated at cost i.e. cost of acquisition,, inclusive of
 expenses incidental to acquisition wherever applicable.
 
 Fixed Assets:
 
 Fixed assets are stated at cost. Cost of acquisition of fixed assets is
 inclusive of freight, duties, taxes and incidental expenses thereto.
 
 Depreciation and Amortization:
 
 Depreciation is provided on straight line method on pro-rata basis and
 at the rates and manner specified in the schedule XIV of the Companies
 Act 1956.
 
 Preliminary Expenses are amortized over the period of 5 years.
 
 Taxation: 
 
 The current charge for income tax is calculated in accordance wide me
 relevant tax regulations applicable to die company. Deferred tax asset
 and liabity is recognized for future tax consequences attributable to
 the liming difference that result between the profit offered for income
 tax and the profit as per die financial statements. Deferred tax asset
 and liability are measured as per the tax rates/laws teat have been
 enacted or substantively enacted by the Balance Sheet date.
 
 Gratuity:
 
 The company has not made any provision for gratuity to its employees/
 because no employee has put in qualifying period of service for
 enticement of ties benefit
 
 Earnings per Share:
 
 The earning considered in ascertaining the company''s earnings per share
 comprises net profit after tax.  The number of shares used in computing
 bask earning per share is the weighted average number of shares
 outstanding during the year as per AS - 20.