a.  Basis of preparation of financial statements:
 
 The financial statements have been prepared to comply in all material
 respects with the Notified accounting standards by Companies
 (Accounting Standards) Rules, 2006 (as amended) and the relevant
 provisions of the Companies Act, 1956 (''the Act''). The financial
 statements have been prepared under the historical cost convention on
 an accrual basis.  The accounting policies have been consistently
 applied by the Company and are consistent with those applied in the
 previous year.
 
 b.  Use of estimates:
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles requires management to make estimates
 and assumptions that affect the reported amounts of assets and
 liabilities and disclosure of contingent liabilities at the date of the
 financial statements and the results of operations during the reporting
 period end. Although these estimates are based upon management''s best
 knowledge of current events and actions, actual results could differ
 from these estimates.
 
 c.  Revenue recognition:
 
 Revenue is recognized to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue can be
 reliably measured and is recognized on accrual basis.
 
 d.  Fixed assets:
 
 All fixed assets are stated at historical cost less accumulated
 depreciation and impairment loss, if any. Cost comprises the purchase
 price and any attributable cost of bringing the asset to its working
 condition for its intended use.
 
 e.  Intangibles:
 
 Software cost related to computers are capitalized and amortized using
 the written down value method at a rate of 40% per annum.
 
 f.  Depreciation:
 
 i.  Depreciation on fixed assets has been provided on the written down
 value method as per the useful lives of the assets estimated by the
 management or the rates prescribed under Schedule XIV of the Companies
 Act, 1956, whichever is higher.
 
 ii.  Fixed assets costing upto Rs. 5,000 individually are fully
 depreciated in the year of purchase.
 
 g.  Impairment:
 
 The carrying amounts of assets are reviewed at each balance sheet date
 if there is any indication of impairment based on internal/external
 factors. An impairment loss is recognized wherever the carrying amount
 of an asset exceeds its recoverable amount. The recoverable amount is
 the greater of the asset''s net selling price and value in use. In
 assessing value in use, 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.
 
 h.  Leases:
 
 Leases where the lessor effectively retains substantially all the risks
 and benefits of ownership of the leased assets are classified as
 operating leases. Operating lease payments are recognized as an expense
 in the Profit and Loss Account on a straight-line basis over the lease
 term.
 
 i.  Income taxes:
 
 Tax expense comprises of current tax and deferred. Current income tax
 is measured at the amount expected to be paid to the tax authorities in
 accordance with the Indian Income Tax Act. Deferred income taxes
 reflects the impact of current year timing differences between taxable
 income and accounting income for the year and reversal of timing
 differences of earlier years.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balance sheet date. Deferred
 tax assets are recognized only to the extent that there is reasonable
 certainty that sufficient future taxable income will be available
 against which such deferred tax assets can be realized. The carrying
 amount of the deferred tax assets are reviewed at each balance sheet
 date. The Company writes down the carrying amount of the deferred tax
 assets to the extent that it is no longer reasonably certain or
 virtually certain as the case may be, that sufficient future taxable
 income will be available against which deferred tax asset can be
 realized. Any such write down is reversed to the extent that it becomes
 reasonably certain or virtually certain, as the case may be that
 sufficient future taxable income will be available.
 
 j. Earnings per Share:
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders (after
 deducting preference dividend and attributable taxes) by the weighted
 average number of equity shares outstanding during the period. Partly
 paid equity shares are treated as fraction of an equity share to the
 extent that they were entitled to participate in dividends related to a
 fully paid equity share during the reporting period. For the purpose of
 calculating diluted earnings per share, the net profit or loss for the
 period attributable to equity shareholders and the weighted average
 number of shares outstanding during the period are adjusted for the
 effects of all dilutive potential equity shares.
 
 k. Provisions:
 
 A provision is recognized when an enterprise has a present obligation
 as a result of past event; it 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 not discounted to its
 present value and are determined based on best estimate required to
 settle the obligation at the balance sheet date. These are reviewed at
 each balance sheet date and adjusted to reflect the current best
 estimates.
 
 l. Employee Benefits
 
 Salary, bonus and other emoluments are charged to revenue in the year
 in which they are incurred.
 
 The Company is not covered under the Employees State Insurance Act and
 the Provident Fund Act.
 
 The company does not have any policy to pay leave encashment. Hence, no
 liability on this account has been provided in the books of account.
 
 In accordance with Accounting Standard 15, provision for Gratuity has
 been made on the basis of actuarial valuation based on projected unit
 credit method. The gratuity liability is wholly unfunded.