A) Basis for preparation of Financial Statements:
 
 The financial statements have been prepared in conformity with
 generally accepted accounting principles to comply in all material
 respects with the notified Accounting Standards (AS) under Companies
 Accounting Standard Rules, 2006, as amended by Companies (Accounting
 Standards) Amended Rules, 2009, the relevant provisions of the
 Companies Act, 1956 (the Act) and the guidelines issued by the
 Reserve Bank of India (RBI) as applicable to a Non Banking Finance
 Company (NBFC). The financial statements have been prepared under the
 historical cost convention on an accrual basis. The accounting
 policieshave beenconsistentlyapplied by theCompany andare
 consistentwith thoseusedin the previous year.
 
 B) Use of Estimates
 
 The preparation of the financial statements are in conformity with the
 generally accepted accounting principles which requires the management
 to make estimates and assumptions that affect the reported amounts of
 assets, liabilities, revenues and expenses and disclosure of contingent
 liabilities on the date of the financial statement. Actual results
 could differfromtheestimates. Any revision to accounting estimates
 is recognised prospectively incurrent and future periods.
 
 C) Revenue Recognition:
 
 1.  Income from Corporate Advisory Services are accounted for as 
 and when there levant services are rendered and revenue is
 recognised using completed service contract method except where the
 recovery is uncertain in which case it is accountedforonreceipt.
 
 2.  Interest income is accounted for on accrual basis except where
 the recovery is uncertain,inwhich case it is accounted for on receipt.
 
 3.  Dividend is recognised as income when rightto receive payment is
 established by the date of Balance Sheet.
 
 4.  Profit/loss on the sale of investments/inventories is dealt with at
 the time of actual sale/redemption.
 
 D) Fixed assets ,depreciation/amortisationand impairment of assets
 
 Fixed Assets
 
 Fixed Assets are stated at cost less accumulated
 depreciation/amortisation and impairment losses, if any. The cost of
 fixed assetscomprises purchase price and
 any attribut able cost of bringing the assettoits working condition
 for itsintendeduse.
 
 Depreciation/Amortisation
 
 Depreciation is provided on a written down value basis from the date
 the asset is ready to use or put to use, whichever is earlier. In
 respect of assets sold, depreciation is provided upto the date of
 disposal. Depreciation is charged at the rates prescribedintheSchedule
 XIVtotheCompanies Act,1956.
 
 Softwares purchased are amortized over aperiodof three years on 
 prorata basis under straight linemethod.
 
 Impairment of assets
 
 The carrying amount of assets is reviewed at each Balance Sheet date if
 there is any indication of impairment based on internal/external
 factors.Animpairment lossisrecognized wherever the carrying
 amountofanasset exceeds its recoverable amount. The recoverable amount
 is the greater ofthe assets net selling price and value inuse.
 Inassessing value inuse, the estimated future cash flows are discounted
 to their present value at the weighted average cost of capital.
 
 After impairment, depreciation is provided on the revised carrying
 amount of the asset over its remaining useful life. A previously
 recognized impairment loss is increased or reversed depending on
 changes in circumstances. However the carrying value after reversal is
 not increased beyond the carrying value that would have prevailed by
 charging usual depreciation if there was no impairment.
 
 E) Stock in Trade:
 
 a) The securities acquired with the intention of short term holding and
 trading positions are considered as stock-in-trade
 and disclosed as current assets.
 
 b) The securities held as stock-in-trade under current assets are
 valued at lower of cost or market value. In case of units of
 mutualfund ,netasset value of units declared by the mutual
 funds is considered as market value.
 
 F) Investments:
 
 Investments are classified into long term investments and current
 investments. Investments which are intended to be held for one yearor
 more are classifiedaslong term investments and investments which are
 intended to be held for less than one year are classified as current
 investments. Long term investments are carried at cost less other than
 any temporary diminution in value, determined separately for each
 investment. Current investments are carried at lower of cost or fair
 value. The comparison of cost and fair value is done separately in
 respect of each category of investment. In case of investments in
 mutual funds, the net asset value of units declared by the mutual funds
 is considered as the fair value.
 
 G) Foreign Currency Transactions:
 
 Foreign Currency transactions are recorded at the rates of exchange
 prevailing on the date of the transaction. Exchange differences,ifany,
 arisingoutoftransactions settledduring the yeararerecognisedinthe
 ProfitandLoss Account.
 
 Monetory assets and liabilities denominated in the foreign currencies
 as at the Balance Sheet date are translated at the closing exchange
 rates on that date. The exchange differences, if any, are recognised in
 the Profit & Loss Account and related assets and liabilities are
 accordingly restatedin the Balance Sheet.
 
 H) Retirement Benefits:
 
 The Company has adopted the revised Accounting Standard 15 –
 Accounting for Employee Benefits. The accounting policy
 followedbytheCompanyinrespect of its employee benefit
 schemes is set out below:
 
 Gratuity:
 
 The Company provides for the gratuity, a defined benefit retirement
 plan covering all employees. The plan provides for lump sum payments to
 employees at retirement, death while in employment or on termination of
 employment. The Company accounts for liability of future gratuity
 benefits based on an external actuarial valuation on projected unit
 credit method carriedout annually for assessing liability as at the 
 Balance Sheet date.
 
 Leave Encashment:
 
 Unutilised leave of staff is paid as at the end of the year.
 Accordingly, no provision is required to be made for compensated
 absences.
 
 I) Lease
 
 Leases, where the lessor effectively retains substantially all the
 risks and benefits of ownership of leased item, are classified as
 operating leases. Operating lease payments/receipts are recognized asan
 expense/incomein the Profit and Loss Account on a straight line basis
 over the term of the lease.
 
 J) Taxation
 
 IncomeTax:
 
 Income tax expenses comprises current tax (i.e. amount of tax for the
 period determined in accordance with the Income Tax law), deferred tax
 charge or benefit (reflecting the tax effect of timing differences
 between accounting income and taxable incomefor the period).
 
 Deferred Taxation:
 
 The deferred tax chargeorbenefit and the corresponding deferred tax
 liabilities and assets are recognised using the tax rates that have
 been enacted or substantially enacted as at the balance sheet date.
 Deferred tax assets are recognised only to the extent there is
 reasonable certainty that the asset can be realised in future; however,
 where there is unabsorbed depreciation orcarried forward loss under
 taxation laws, deferred tax assets are recognised only if thereis
 avirtual certainty of realisation of the assets. Deferred tax assets
 are reviewedasat each balance sheet date and written downorwritten up
 to reflecttheamount that is reasonable/ virtually certain 
 (as the case may be) to berealised.
 
 K) Employee Stock CompensationCosts
 
 Measurement and disclosure of the employee share-based payment plans is
 done in accordance with SEBI (Employee Stock Option Scheme and Employee
 StockPurchase Scheme) Guidelines, 1999 and theGuidance Noteon
 Accountingfor Employee Share-based Payments, issued by ICAI. The
 Company measures compensation cost relating to employee stock options
 using the intrinsic value method. Compensation expense is amortized
 over the vesting period of the option on a straight line basis
 
 L) Earning Per Share
 
 The Company reports basic and diluted earnings per share in accordance
 with Accounting Standard 20 –Earning Per Share prescribed by the
 Companies (Accounting Standards) Rules, 2006. Basic earning per share
 is computed by dividing the net profitafter taxby the weighted 
 average number of equity shares out standing during the year.
 
 Diluted earnings per share reflect the potential dilution that could
 occurifsecuritiesor other contractstoissue equity shares were exercised
 or converted during the year. Diluted earning per share is computed by
 dividing the net profit after tax by the weightedaverage
 number of equity shares and dilutive potential equity shares
 outstanding during the year.
 
 M) Segment Reporting Policies:
 
 Identification of segments:
 
 The Companys operatingbusinesses are organizedandmanagedseparately
 accordingtothe natureofproducts andservices provided, with each segment
 representing a strategic business unit that offers different products
 and serves different markets.
 
 Unallocateditems:
 
 Unallocated items include income and expenses which are not
 allocated to any business segment.
 
 Segment Policies:
 
 The company prepares its segment information in conformity with the
 accounting policies for preparing and presenting the
 financial statements of the company as a whole.
 
 N) Provisions and Contingencies
 
 The company createsaprovision when there is present obligation 
 as a result of a past event that probably requires an out
 flow of resources and a reliable estimate can be
 made of the amounts of the obligation. A disclosure for a contingent
 liability is made when there is a possible obligation or a present
 obligation that may, but probably will not, require an outflow of
 resources. When 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.
 
 Provisions are reviewed at each balance sheet date and adjusted to
 reflect the current best estimates. If it is no longer probable that
 the outflow of resources would be required to settle the obligation,
 the provision is reversed.
 
 Contingent assets are not recognised in the financial statements.
 However contingent assets are assessed continually and if it is
 virtually certain that an economic benefit will rise, asset and related
 income are recognised in the period in which the changeoccurs.