Financial Statements have been prepared under historical cost and on
 accrual basis of accounting and materially comply with the applicable
 Accounting Standards specified under section 211(3C) of the Companies
 Act, 1956 read with Companies (Accounting Standards) Rules, 2006. The
 significant accounting policies followed by the Company are :
 
 1.  Revenue Recognition: Revenue from transportation of goods and
 related activities are recognizee and accounted as and when the
 services are rendered. Interest income and other income are recognized
 on accrual basis.  All expenditure are accounted on accrual basis.
 
 2.  Fixed Assets: Fixed assets have been capitalized at its acquisition
 cost and other costs attributable to bring the assets to its working
 conditions for their intended use as reduced by the accumulated
 depreciation and impairment loss, if any.
 
 3.  Depreciation: Depreciation on fixed assets is provided on straight
 line basis at the rates provided in Schedule XIV to the Companies Act,
 1956.Depreciation on assets acquired during the year has been provided
 on Pro-rata basis including the month during which the asset is
 capitalized.
 
 4.  Inventory: Stocks of Stores and Truck spares have been valued at
 lower of cost or realizable value.  The Company is following first in
 first out method for valuation of inventories.
 
 5.  Investments: Long Term Investments are stated at cost. Reduction in
 market value of long term investments due to temporary market
 fluctuations is not provided for in the books of accounts.  Current
 investments are stated at lower of cost and fair value.
 
 6.  Expenditure on Research and Development: The Company has not
 incurred any expenditure on research and development during the year.
 
 7.  Segmental Revenue and Expenditure: The Company operates under only
 one segment of transportation and related services.
 
 8.  Employee Benefits: Defined contribution plans- are post-employment
 benefit plans under which the Company pays fixed contributions into
 separate entities (Provident Fund Authority). The Company has no
 further payment obligations once the contributions have been paid. The
 Company''s contributions to the defined contribution plans are
 recognised as an expense when they are due. Defined benefit plans-
 Valuations for gratuity and leave encashment have been carried out by
 independent actuary as on the date of Balance Sheet.
 
 9.  Provision for Taxation: Provision for current taxes is made on the
 profits of the Company as adjusted in accordance with the provisions of
 Income Tax Act, at the rates applicable for the current financial year.
 
 Deferred tax is recognised on timing difference between taxable income
 and accounting income that originate in one period and are capable of
 reversal in one or more subsequent periods. The deferred tax is
 accounted for using the tax rates and laws that have been substantively
 enacted as on the balance sheet date,
 
 Deferred tax assets in respect of unabsorbed depreciation and carried
 forward losses are recognised only if there is virtual certainty thai
 such deferred tax asset can be realized against future taxable profits.
 
 10.  Provisions: The Company recognises provisions when there is a
 present obligation, as a result of past events, for which it is
 probable that an outflow of economic benefit will be required to settle
 the obligation and a reliable estimate can be made for the amount of
 obligation.
 
 11.  Leases: The Company has not acquired any assets on financial lease
 basis nor has entered into any non-cancelable operating lease or
 sublease.
 
 12.  impairment Losses: The Company assesses at each balance sheet date
 whether there is any indication that an asset may be impaired. If any
 such indication exists, the Company estimates the recoverable amount of
 the asset. If such recoverable amount of the assets or the recoverable
 amount of the cash generating unit to which the asset belongs is less
 than its carrying amount, the carrying amount is reduced to its
 recoverable amount and reduction is treated as an impairment loss and
 is recognized in the profit & loss account.
 
 13.  Earnings Per Share: The Basic earnings per share is calculated on
 the net profit or loss tor i the period attributable to equity snare
 holders considering weighted average shares outstanding during the
 period. Diluted earnings per share is worked out on the net profit or
 loss for the period attributable to the equity shareholders and
 weighted average number of shares outstanding during : the period after
 adjusting for effects of all dilutive potential equity shares if any.