1.  Basis of accounting .
 
 I) The company generally adopts the accural concepts in the prepartion
 of the account while  the interest on debentures, dividend income on
 investment are accounted on receipt basis.
 
 II) Income onNon-Performing Assets (NPAs) as defined under the
 prudential norms of the Reserve bank of India for Non-Banking Financial
 company (NBFCs) issued on 31/01/1998 is accounted on receipts basis.
 
 2.  Fixed Assets :
 
 Fixed Assets are stated at cost acquisition inclusive of
 freight,duities.taxes and incidental expenses.  ¦ •
 
 The cost of land development which was treated as land development
 expenditure under the head capital work-in progress last year is
 being Capitalised under heads.
 
 3.  Investments 
 
 Investment are valued at cost
 
 4.  Inventories:
 
 Closing stock of shares.and securities is valued ai cost or market
 price whichever is lower on category-wise basis. The classification of
 shares and securites into Investment and stock-in-trade is based on the
 intention of management and other relvent circumstances.
 
 Stock of Mango Plantation,Cashew Plantation , standing bio-stock and
 vegetables and crops are valued at estimited net realizable value at
 cost cannot separately determined. In respect of Mango Plantation and
 cashew plantation estimateed realizable value is ascertained based on
 yield activites.
 
 5.  Deperication ;
 
 The company has been charging deperication on straight line method as
 per rates and in the manner specified in Schedule XIV to the
 Compannaies Act, 1956. In the case of livestock.  value therof is
 depericated over their remaining estimared life once the earning
 capacity of the animals starts declining.Deperication has not been
 provided on Agro related activities.
 
 6.  Hire Purchase stock :
 
 Hire purchase stock do not include unmatured;Finance charges.
 
 7.  Revenue recognition.
 
 i) Lease rental income received/receivable for the year is accounted as
 per agreement with lessee
 
 ii) Finance charges on hire purchase business are computed on reducing
 balance method.
 
 iii) Income from bill discounted is net of rediscounting charges.
 
 iv) Hire purchase and lease management fess are recognised as income on
 execution of respective agreement on finalizationof the. transaction to
 which itreiates.
 
 v) Interest on overdue lease rentals/hire purchase installment is
 including in interest income at the time of receipt.  
 
 vi) Interest on debentures.government securities and dividend income is
 accounted on receipt basis.
 
 i , vii) Service income is recognized on completion of services.
 
 viii) Sale of software is recognized on the transfer of ownership and
 title of the software.
 
 8.  Provision on Interest on Secured Loan
 
 No provision for interest has been made on secured loan taken from
 Central Bank of India by way of cash credit & working capital term Joan
 as it has been not quantified by the management and the impact of the
 same on the profit and loss has not been determined.
 
 9.  Provision for non-performing Assets
 
 The company has not made any provision for Non-performing Assets as per
 the RBI guidelines.
 
 10 Contingent Liabilities ;
 
 No provision for contingent liabilities has been made during the year
 under Audit.