1.  METHOD OF ACCOUNTING: Accounts of the company are maintained on the
 basis of Mercantile System of accounting, Accounting method not
 referred otherwise are in consistent with the generally accepted
 accounting practices.
 
 2.  FIXED ASSETS: Fixed Assets are stated at cost less depreciation,
 Fixed assets purchased during the year are capitalized at cost
 inclusive of expense up to their completion or acquisition.
 
 3.  INVESTMENT: Investment are valued at cost.
 
 4.  FOREIGN CURRENCY TRANSACTIONS: There is no foreign currency
 transaction
 
 5.  RETIREMENT BENEFITS: Provident fund and employees state insurance
 scheme contribution is not applicable to the company.
 
 6.  RETIREMENT BENEFITS:
 
 Current Tax: Provision for Income-Tax is determined in accordance with
 the provisions of Income-tax Act 1961.
 
 Deferred Tax Provision: Deferred tax is recognized, on timing
 difference, being the difference between the taxable incomes and
 accounting income that originate in one period and are capable of
 reversal in one or more subsequent periods.