General
 
 Basis of Preparation of Financial Statements
 
 1.  The Financial Statements are prepared on mercantile basis under the
 historical cost convention in accordance with the generally accepted
 accounting principles in India, Accounting Standards notified under
 section 211(3C) of the Companies Act 1956, read with the Companies
 (Accounting Standard) Rules, 2006 and the other relevant provisions of
 the Companies Act, 1956.
 
 Revenue Recognition
 
 2.  All revenue and expenses are accounted on accrual basis.
 
 Fixed Assets
 
 3.  Fixed Assets are stated at cost less Depreciation, cost comprises
 the purchases price and other attributable costs. Depreciation on
 assets is provided on written down value method as per rates prescribed
 in Schedule XIV to the Companies Act 1956.
 
 Depreciation
 
 4.  Depreciation on Fixed Assets has been provided for on Diminishing
 Balance Method at rates specified in schedule XIV of the Companies Act
 1956. Depreciation on Assets purchased/sold during the year has been
 provided for on pro-rata basis.
 
 5.  Depreciation on additions/deletions is calculated on pro-rata with
 respect to date of addition/ deletions.
 
 Inventories
 
 6.  Inventories of Work-in-Progress, Raw Materials, Stores and Spares,
 Finished Goods as well as Stock in Trade of Shares & Securities are
 valued at cost and the same is done on FIFO basis.  Stock of Shares is
 valued at cost.
 
 Investments
 
 7.  Stock / Securities acquired and intended to be held for a longer
 period are classified as Investments.
 
 8.  Investments are valued at cost of acquisition with the provision
 where necessary for diminution, other than temporary, in the value of
 investments.
 
 Retirement Benefit
 
 9.  None of the Employee has completed the service period to become
 eligible for payment of gratuity.
 
 Income Tax
 
 10.  Provision for taxes comprising of current tax is measured in
 accordance with Accounting Standard 22- Accounting For Taxes On
 Income issued by the Institute of Chartered Accountants of India:
 
 11.  Tax expenses comprises of current and deferred tax.
 
 12.  Provision for current income tax and fringe benefit tax is made on
 the basis of relevant provisions of Income Tax Act, 1961 as applicable
 to the financial year.
 
 13.  Deferred Tax is recognized subject to the consideration of
 prudence on timing differences, being the difference between taxable
 Income and Accounting Income that originate in one period and are
 capable of reversal in one or more subsequent periods.
 
 Provisions, Contingent Liabilities & Contingent Assets
 
 Disclosures in terms of Accounting Standards (AS 29) Provisions ,
 Contingent Liabilities and Contingent Assets issued by the Institute of
 Chartered Accountants of India :
 
 14.  The Company creates a provision when there is a present obligation
 as a result of past event that probably requires an outflow of
 resources and a reliable estimate can be made of the amount of the
 obligation.
 
 15.  A disclosure for a contingent liability is made when there is a
 possible obligation or present obligation that probably will not
 require an outflow of resources or where reliable estimate of the
 amount of the obligation cannot be made.
 
 16.  Contingent Assets are neither recognized nor disclosed.
 
 Others
 
 17.  None of the Raw Materials, Stores, Spares and Components consumed
 or purchased during the year have been imported.
 
 18.  None of the Earnings / Expenditures is in Foreign Currency.
 
 19.  Balance of Debtors, Creditors, Deposits, Loans and Advances are
 subject to confirmation.
 
 20.  In the opinion of the Board, the Current Assets, Loans & Advances
 are approximately of the value stated if realized in the ordinary
 course of business. The provision for depreciation and all known
 liabilities are adequate and not in excess of the amounts reasonably
 necessary.
 
 21.  Investments of the Company have been considered by the management
 to be of a long term nature and hence they are long term investments
 and are valued at cost of acquisitions.
 
 Segment Report
 
 22.  Based on the Similarity of activities, risks and reward structure,
 organization structure and internal reporting systems, the Company has
 structured its operations into the following Segment:- a.  Short-term
 funding to its Clients as well as Deposits with Banks
 
 b.  Investments in Capital Market & Mutual Fund related activities
 
 c.  Trading in Software & Hardware Products
 
 d.  Trading in Mobile Instruments & allied Accessories
 
 e.  Recording & Selling/ Distribution of Audio Video CDs
 
 f.  Sound Recording for Music CDs / DVDs