(a) System of Accounting
 
 i) The Company follows the mercantile system of accounting and
 recognizes income and expenditure on accrual basis unless otherwise
 stated hereinafter.
 
 ii) The Accounts are prepared under historical cost convention, as a
 going concern and generally in accordance with applicable accounting
 standards.
 
 (b) Fixed Assets and Depreciation
 
 i) Fixed Assets are stated at cost of acquisition less depreciation.
 
 ii) Depreciation on fixed asset has been provided using the Straight
 Line Method at the rates prescribed in the Schedule XIV of Companies
 Act, 1956.
 
 iii) Depreciation on additions to fixed asset is provided on pro-rata
 basis from the date of such addition, as the case may be.
 
 (c) Employee Benefit :
 
 As provisions of Provident Fund Act and Employees state Insurance
 scheme are not applicable to Company and hence no accounting policy
 decided by the company. There is no scheme for leave encashment to
 employee.
 
 (d) Income from operations:
 
 Income from operations are recognized on sale, transfer of rights to
 broadcast and goods
 
 (e) Investments:
 
 Investments are classified in to Current and long term. Long term
 investments are stated at cost less provision, if any, for decline
 other than temporary in their value.