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.
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.