(1) The Accounts are prepared on an accrual basis except otherwise
 stated and under the historical cost conventions, and are in line with
 the relevant laws as well as the guidelines prescribed by the
 Department of Company affairs and the Institute of Chartered
 Accountants of India.
 
 Note: 1 Expenditure in foreign currency: Nil Note: 21 Incomes in
 Foreign Currency : Nil
 
 Note: 2 Balance of Sundry Debtors, Creditors, Loans & Advances given
 and accepted as agreed by the management, is subject to confirmation.