a) Accounting Convention:
 
 The financial statements are prepared under the historical cost
 convention. The company generally follows the mercantile system of
 accounting and recognizes income and expenditure on accrual basis
 except otherwise stated.
 
 b) Revenue/Expenditure:
 
 I.  Revenue from sale of tickets is recognized on the basis of actual
 booking
 
 II.  Expenses are accounted for on accrual basis and provisions are
 made for all known Liabilities.
 
 c) Fixed Assets and Depreciation
 
 I.  Fixed Assets are stated at cost of acquisition less accumulated
 depreciation.
 
 II.  Depreciation of Fixed Assets is provided on the Straight Line
 Method at the rates specified in Schedule XIV of the CompaniesAct, 1956
 on prorata basis from the date of acquisition.
 
 d) Long term Investments
 
 All the Investments have been sold during the year
 
 e) Miscellaneous Expenditure
 
 Pre-operative Expenses are to be amortized over a period of 10 years.
 
 f) Retirement Benefits
 
 Retirement Benefits wherever applicable is accounted for on valuation
 basis.
 
 g) Foreign Currency Transactions
 
 Transactions in Foreign Exchange are accounted for on the prevalent
 exchange rate on the date of transaction.  Outstanding liability in
 foreign currency as on 31.3.2011 is shown at the exchange rate
 prevailing as on 31.3.2011
 
 h) Deferred Revenue Expenses
 
 Deferred revenue expenses are amortized over the life of the asset of
 the becoming operational / put to use.