a) System of Accounting :
 
 The Financial statements are prepared under the historical cost
 convention and comply with the accounting standards prescribed in the
 Companies (Accounting Standards) Rules,2006 and the relevant provisions
 of the Companies Act, 1956 to the external applicable and in conformity
 with the generally accepted accounting principal in India.
 
 b) Fixed Assets :
 
 All fixed assets are stated at historical cost of acquisition or
 construction which includes all expenses up to commissioning / putting
 the assets into use, unless any assets are revalued and for which,
 disclosure is made in the accounts.
 
 c) Depreciation :
 
 Depreciation is provided on straight-line method at the rates
 prescribed under Schedule VI of the Companies Act, 1956.
 
 d) Income Taxes :
 
 Current Tax is determined as the amount of tax payable in respect of
 taxable income for the period. Deferred Tax is recognized, subject to
 the consideration of prudence on timing difference, being the
 difference between the taxable income and accounting income that
 originates in one period and are capable of reversal in one or more
 subsequent periods.