ACCOUNTING CONVENTION
 
 The financial statements are prepared on accrual basis, under the
 histories) cost convention.in accordance with generally accepted
 accounting principles in india.the accounting Standadrs issued by the
 Institue of Charterd Accountants of India and the requirements of the
 Companies Act, 1956.
 
 Foreign Currency
 
 There are no transactions involoving foreign currency.
 
 The Charotar Nagrik Sahakari bank ltd has waived outstanding loan over
 1.86 crores for Rs. 1.28 crores.Despite accumalated losses, company is
 carrying its activies and expects to recoup these losses during
 subsequent years.Accordingly accounts of the company have been prapared
 on going concern basis.