1.  Basis for preparation of Financial Statements:
 
 The Financial Statements are prepared under the historical cost
 convention, on the accrual basis of accounting and in accordance with
 generally accepted accounting principles in India and comply with the
 Accounting Standards prescribed by the Companies (Accounting Standards)
 Rules 2006, to the extent applicable and in accordance with the
 Provisions of the Companies Act, 1956.
 
 2.  Use of Estimates:
 
 Preparation of Financial Statements in conformity with Generally
 Accepted Accounting Principles required Company Management to make
 estimates and assumptions that affect reported balance of assets &
 liabilities and disclosures relating to contingent assets & liabilities
 as of the date of Financials and reported amounts of income & expenses
 during the period. Examples of such estimate include Revenues and
 Profits expected to be earned on projects carried on by the Company,
 contract costs expected to be incurred for completion of project,
 provision for doubtful debts, income taxes, etc.Actual results could
 differ from these estimates. Differences, if any, between the actual
 results and estimates are recognized in the period in which the results
 are known or materialized.
 
 3.  Expenditure:
 
 Expenses are accounted on the accrual basis and provisions are made for
 all known losses and liabilities except for Bonus which is accounted
 for on cash basis.
 
 4.  Valuation of Inventories
 
 Valuation of Inventories, representing stock of materials at project
 site has been done after providing for obsolescence, if any, at lower
 of Cost or Net Realizable Value. The valuation of work-in-progress
 during the period is determined as the aggregate of opening
 work-in-progress, cost of construction and construction overheads
 incurred during the year as reduced by cost of work completed.
 
 5.  Cash Flow Statement:
 
 Cash Flows are reported using the indirect method, whereby profit
 before tax is adjusted for the effects of transactions of non-cash
 nature and any deferrals or accruals of past or future cash receipts or
 payments The cash flows from regular revenue generating, financing and
 investing activities of the Company are segregated.
 
 6.  Events occurring after the date of Balance Sheet:
 
 Materials events occurring after the date of Balance Sheet are taken
 into cognizance.
 
 7.  Depreciation:
 
 Depreciation in respect of fixed assets, is provided adopting straight
 line method at the rates provided under Schedule XIV to the Companies
 Act, 1956.
 
 8.  Revenue Recognition:
 
 - Income from operations is determined and recognized, based on the
 bills raised on technical evaluation of work executed based on joint
 inspection with customers including railways. The income on account of
 claims / extra item works are recognized to the extent company expects
 reasonable certainty about receipts or acceptance from the client.
 
 - Interest income is recognized on time basis and is determined by the
 amount outstanding and rate applicable.
 
 - Dividend income is recognized as and when right to receive payment is
 established.
 
 - Rental income / lease rentals are recognized on accrual basis in
 accordance with the terms of agreements.
 
 9.  Fixed Assets:
 
 Fixed assets are stated at cost of acquisition including directly
 attributable costs for bringing the asset into use, less accumulated
 depreciation.
 
 10.  Foreign Currency Transaction:
 
 Foreign currency transactions are restated at the rates ruling at the
 time of receipt / payment and all exchange losses / gains arising
 therefrom are adjusted to the respective accounts. All monetary items
 denominated in foreign currency are converted at the rates prevailing
 on the date of the Financial Statement.
 
 11.  Investments:
 
 There were no investment at year end.
 
 12.  Employee Benefits:
 
 a) Short-Term Employee Benefits:
 
 The Employee benefits payable only within 12 months of rendering the
 services are classified as Short-Term Employee Benefits. Benefits such
 as salaries, leave travel allowance, short-term compensated absences,
 etc., and the expected cost of bonus are recognized in the period in
 which the employee renders the related services.
 
 b) Post Employment Benefits:
 
 i) Defined Contribution Plans:
 
 The Company has contributed to state governed Provident Fund Scheme,
 and Employee Pension Scheme which are Defined Contribution Plans.
 Contribution paid or payable under the Schemes is recognized during the
 period in which employee renders the related service.
 
 ii) Defined Benefit Plans:
 
 The Employees'' Gratuity is a Defined Benefit Plan. The present value of
 the obligation under such plan is determined based on the actuarial
 valuation using the projected unit credit method which recognized each
 period of service as giving rise to an additional unit of employee
 benefit entitlement and measures each unit separately to build up the
 financial obligation. The Company has an Employee Gratuity Fund managed
 by SBI Life Insurance Company. The provision made during the year is
 charged to Profit and Loss Account.
 
 Liability in respect of leave encashment is provided for on actuarial
 basis using the projected unit credit method same as above.
 
 13.  Borrowing Costs:
 
 Cost of funds borrowed for acquisition of fixed assets up to the date
 the asset is put to use is added to the value of the assets.
 
 14. Earning per Share:
 
 Basic Earning per Share is computed by dividing net income for the year
 by the weighted average number of equity shares outstanding during the
 period.
 
 For the purpose of calculating diluted earning per share, the net
 profit or loss for the year attributable to equity shareholders and the
 weighted average number of shares outstanding during the year are
 adjusted for the effects of all dilutive potential equity shares.
 
 15. Provision for Taxation:
 
 Deferred Tax is recognized, subject to the consideration of prudence,
 in respect of deferred tax assets or liabilities, on timing
 differences, being the difference between taxable incomes and
 accounting incomes that originate in one period and are reversible in
 one or more subsequent periods.
 
 16. Provision and Contingent Liabilities:
 
 Provision is recognized when an enterprise has a present obligation as
 a result of past event and is probable that an outflow of resources
 will be required to settle the obligation, in respect of which a
 reliable estimate can be made. Provisions are determined based on
 management estimates required to settle the obligation at the balance
 sheet date. These are reviewed at each balance sheet date and adjusted
 to reflect the current management estimate. Where no reliable estimate
 can be made, a disclosure is made as contingent liability. A disclosure
 for a contingent liability is also made when there is possible
 obligation or a present obligation that may, but probably will not,
 require an outflow of resources. Where there is a possible obligation
 or a present obligation in respect of which the likelihood of outflow
 of resources is remote, no provision or disclosure is made.