(a) Basis of preparation
 
 The financial statements have been prepared under historical cost
 convention on an accrual basis and in accordance with generally
 accepted accounting principles in Indiaand specifically to complyinall
 material respects with the notified Accounting Standards (AS) issued
 under the Companies Accounting Standard Rules, 2006 and the relevant
 provisions of the Companies Act, 1956. (''the Act'') and the guidelines
 issued by the Reserve Bank of India (''RBI'') as applicable to a Non
 Banking Finance Company (''NBFC'').  The Accounting policies are
 consistent with those used in the previous year.
 
 (b) Use of estimates
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles requires management to make estimates
 and assumptions that affect the reported amounts of assets and
 liabilities and disclosure of contingent liabilities at the date of the
 financial statements and the results of operations during the reporting
 year end. Although these estimates are based upon management''s best
 knowledge of current events and actions, actual results could differ
 from these estimates. Any revisions to the accounting estimates are
 recognized prospectively in the current and future years.
 
 (c) Fixed Assets, Depreciation /Amortisation and Impairment of assets
 
 Fixed Assets
 
 Fixed assets are stated at cost less accumulated
 depreciation/amortisation and impairment losses, if any.  Cost
 comprises the purchase price and any attributable cost of bringing the
 asset to its working condition for its intended use. Borrowing costs
 relating to acquisition of fixed assets are included to the extent they
 relate to the period till such assets are ready to be put to use.
 
 Depreciation/Amortisation
 
 Depreciation is provided pro rata on Straight Line Method (''SLM''),
 which reflect the management''s estimate of the useful lives of the
 respective fixed assets and are greater than or equal to the
 corresponding rates prescribed in Schedule XIV of the Act. The assets
 for which higher rates are applied are as follows:
 
 Particulars Rates (SLM) Schedule XIV rates (SLM)
 
 Computer Software       33.33%      16.21%
 
 Leasehold improvement is amortized over the primary period of lease
 subject to a maximum of 60 months.  All fixed assets individually
 costing Rs.5000 or less are fully depreciated in the year of
 installation.
 
 Impairment of assets
 
 The carrying amount of assets is reviewed at each balance sheet date if
 there is any indication of impairment based on internal/external
 factors. An impairment loss is recognized wherever the carrying amount
 of an asset exceeds its recoverable amount. The recoverable amount is
 the greater of the assets'' netsellingpriceandvalueinuse.
 
 After impairment, depreciation is provided on the revised carrying
 amount of the asset over its remaining useful life.
 
 A previously recognized impairment loss is increased or reversed
 depending on changes in circumstances. However the carrying value after
 reversal is not increased beyond the carrying value that would have
 prevailed by charging usual depreciation if there was no impairment.
 
 (d) Investments
 
 Investments intended to be held for not more than a year are classified
 as current investments. All other investments are classified as
 long-term investments. Current investments are carried at lower of cost
 and fair value determined on an individual investment basis. Long Term
 Investments are carried at cost.  Provision for diminution in the value
 of long term investments is made to recognize decline in value other
 than temporary in nature.
 
 (e) Assets under financing activities
 
 Assets under Financing Activities are stated at the amount advanced
 including finance charges accrued and expenses recoverable, as reduced
 by the amounts received up to Balance sheet date and assets
 securitized. Non Performing Assets are written off / provided for, as
 per management estimates, subject to the minimum provision required as
 per Non-Banking Financial (Deposit Accepting or Holding) Companies
 Prudential Norms (Reserve Bank) Directions 2007. Provision @0.25% on
 standard Asset is made as required under Reserve bankof India (RBI)
 notification No. DNBS.222/CGM(US-2011) Dated January 17, 2011.
 
 (f) Foreign currency translation
 
 Foreign currency transactions are accounted at the exchange rate
 prevailing on the date of transactions.  Foreign currency monetary
 items on the Balance Sheet date are restated at the closing exchange
 rates.  All Exchange differences are dealt within the profit & loss
 account.
 
 (g) Revenue recognition
 
 i.  Income from Financing Activities is recognised on the basis of
 internal rate of return. This includes Additional Finance Charges which
 is accounted when received becauseofuncertaintyof realization.
 
 ii.Gainarising on securitization / direct as signment of assets is
 recognized over the tenure of agreements as per guideline on
 securitization of standard assets issued by RBI.  Loss (if any) is
 recognized upfront.
 
 iii. The Prudential norms for income recognition prescribed under
 Non-Banking Financial (Deposit Accepting or Holding) Companies
 Prudential Norms (Reserve Bank) Directions 2007 are followed.
 
 iv Income from services is recognized as per the terms of the contract
 on accrual basis.
 
 v.  Interest Income on deposit accounts with banks is recognized on a
 time proportion basis taking into account the amount outstanding and
 the rate applicable.
 
 vi. Dividend is recognized as Income when rightto receive is
 established by the date of balance sheet.
 
 vii. Profit/Loss on sale of investments is recognized at the time of
 actual sale/redemption.
 
 (h) Employee benefits
 
 ProvidentFund
 
 All the employees of the Company are entitled to receive benefits under
 the Provident Fund, a defined contribution plan in which both the
 employee and the Company contribute monthly at a stipulated rate.  The
 Company has no liability for future Provident Fund benefits other than
 its annual contribution and recognizes such contributions as an expense
 in the year it is incurred.
 
 Gratuity
 
 The Company provides for the gratuity, a defined benefit retirement
 plan covering all employees. The plan provides for lumpsum payments to
 employees at retirement, death while in employment or on separation
 from employment as per Provisions of payment of Gratuity Act 1972 . The
 Company accounts for liability of future gratuity benefits based on an
 external actuarial valuation on projected unit credit method carried
 out annually for assessing liability as at the balance sheet date.
 
 Leave Encashment
 
 Short term compensated absences are provided for based on estimates.
 Long term compensated absences are provided for based on actuarial
 valuation. The actuarial valuation is done as per projected unit credit
 method.
 
 Actuarial gains/losses are immediately taken to profit and loss account
 and are not deferred.
 
 (i) Income tax
 
 Tax expense comprises of current tax, deferred tax and fringe benefit
 tax. Current income tax and fringe benefit tax is measured at the
 amount expected to be paid to the tax authorities in accordance with
 the Indian Income Tax Act, 1961. Deferred income taxes reflects the
 impact of current year timing differences between taxable income and
 accounting income for the year and reversal of timing differences of
 earlier years.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balance sheet date. Deferred
 tax assets are recognized only to the extent that there is reasonable
 certainty that sufficient future taxable income will be available
 against which such deferred tax assets can be realized. In situations
 where the Company has unabsorbed depreciation or carry forward tax
 losses, all deferred tax assets are recognized only if there is virtual
 certainty supported by convincing evidence that they can be realized
 against future taxable profits.
 
 The un-recognized deferred tax assets are re-assessed by the Company at
 each balance sheet date and are recognized to the extent that it has
 become reasonably certain or virtually certain, as the case may be that
 sufficient future taxable income will be available against which such
 deferred tax assets can be realized.
 
 The carrying cost of the deferred tax assets are reviewed at each
 balance sheet date. The Company writes down the carrying amount of a
 deferred tax asset to the extent that it is no longer reasonably
 certain or virtually certain, as the case may be, that sufficient
 future taxable income will be available against which deferred tax
 asset can be realized. Any such write down is reversed to the extent
 that it becomes reasonably certain or virtually certain, as the case
 may be, that sufficient future taxable income will be available.
 
 0) Segment reporting
 
 The company operates in one reportable segment.
 
 (k) Earnings per share
 
 Basic earnings per share is calculated by dividing the net profit or
 loss for the period attributable to equity shareholders (after
 deducting attributable taxes) by the weighted average number of equity
 shares outstanding during the year.
 
 For the purpose of calculating diluted earnings per share, the net
 profit or loss for the period attributable to equity shareholders and
 the weighted average number of shares outstanding during the period are
 adjusted forthe effects of all dilutive potential equity shares.
 
 J) Cash and cash equivalents
 
 Cash and cash equivalents in the cash flow statement which is prepared
 in accordance with Accounting Standard (AS) 3 issued by the Institute
 of Chartered Accountants of India(ICAI) comprise cash at bank, cash in
 hand and shortterm investments with an original maturity of three
 months or less.
 
 (m) Expenses on deposits / debentures
 
 Expenses on mobilization of deposits / debentures are charged to Profit
 & Loss account in the year in which they are incurred.
 
 (n) Provisions
 
 A provision is recognised when the Company has a present obligation as
 a result of past event; it is probable that outflow of resources will
 be required to settle the obligation, in respect of which a reliable
 estimate can be made. Provisions are not discounted to its present
 value and are determined based on best estimate required to settle the
 obligation at the balance sheet date. These are reviewed at each
 balance sheet date and adjusted to reflect the current best estimates.
 
 (o) Derivative instruments
 
 Accounting for derivative contracts, other than those covered under
 AS-11, are marked to market and the net loss after considering the off
 setting effect on the underlying hedge item is charged to profit and
 loss account. Net gains are ignored.
 
 (P) Employee stock compensation costs
 
 Measurement and disclosure of the employee share-based payment plans is
 done in accordance with SEBI (Employee Stock Option Scheme and Employee
 Stock Purchase Scheme) Guidelines, 1999 and the Guidance Note on
 Accounting for Employee Share-based Payments, issued by the ICAI. The
 Company measures compensation cost relating to employee stock options
 using the intrinsic value method. Compensation expense is amortized
 over the vesting period of the option on a straight line basis.