General
 
 (i) These accounts are prepared on the historical cost basis and on the
 Accounting principles of a going concern.
 
 (ii) Accounting policies not specifically referred to otherwise arc
 consistent and in consonance with generally accepted accounting
 Principles.
 
 Revenue Recognition:
 
 (i) The Company follows the mercantile system of Accounting and
 recognizes income and expenditure on accrual basis.
 
 (ii) Revenue is not recognized on the grounds of prudence, until
 realized in respect of liquidated damages, delayed payments as recovery
 of the amounts are not certain.  investments,;
 
 (i) Investments are stated at cost i.e. cost of acquisition, inclusive
 of expenses incidental to acquisition wherever applicable.
 
 Fixed Assets:
 
 (i) Fixed assets are started at cost less accumulated depreciation.
 Cost of acquisition of fixed assets is inclusive of freight, duties
 taxes and incidental expenses thereto.
 
 Depreciation and Amortization :
 
 (i) Depreciation is provided on straight line method on pro-rata basis
 and at the rates and manner specified in the Schedule XIV of the
 Companies Act, 1956.
 
 Inventories :
 
 Inventories are valued at cost or market price whichever is lower.
 
 Taxation:
 
 The current charge for income tax is calculated in accordance with the
 relevant tax regulations applicable to the company, deferred tax
 asset and liability is recognized for future consequences attributable
 to the timing differences that result between the profit offered for
 income tax and the profit as per the financial Statements. Deferred tax
 asset & liability are measured as per the tax rates/ laws that have
 been enacted or substantively enacted by the Balance Sheet date.
 
 Earnings Per Share:
 
 The earning considered in ascertaining the company''s earnings per
 Share comprises net Profit after tax. The number of shares used in
 computing basic earnings per share is the weighted average number of
 shares outstanding during the year.
 
 Gratuity:
 
 No provision for gratuity has been made as no employee has put in
 qualifying period of service for entitlement of this benefit.