The accounts have been prepared in accordance with the Mandatory
Accounting Standards issued by the Institute of Chartered Accountants
of India and other applicable provisions of the other Laws.
(A) METHOD OF ACCOUNTING:
The Accounts of the Company are prepared under the Historical Cost
Convention using the Mercantile Method of Accounting.
(B) FIXED ASSETS:
Company has no fixed Assets at the end of financial year hence question
of its valuation does not arise.
The question of providing Depreciation in absence of Fixed Assets does
The investments are shown at cost and are inclusive of related
expenses. Income from these deposit & Investment is accounted on
Receipt basis from the available information.
Company h as not done any Commercial activities during the year hence
no details of Inventory is provided.
(F) RETIREMENT BENEFITS:
Gratuity and Provident Fund are not provided in the books since not
(G) CAPITAL ISSUE EXPENDITURE:
Company has not written off Preliminary and Pre-operative expenses
during the year in absence of Commercial Activities or any Income.