1.1 Basis of accounting and preparation of financial statements.
 
 The financial statements of the Company have been prepared in
 accordance with the Generally Accepted Accounting Principles in India
 (Indian GAAP) to comply with the Accounting Standards notified under
 the Companies (Accounting Standards) Rules, 2006 (as amended) and the
 relevant provisions of the Companies Act, 1956. The financial
 statements have been prepared on accrual basis under the historical
 cost convention. The accounting policies adopted in the preparation of
 the financial statements are consistent with those followed in the
 previous year.
 
 1.2 Inventories
 
 Stock in trade is valued scrip wise, at cost or market value whichever
 is lower in case of listed shares. Whereas in case of unquoted shares,
 valuation is at cost. Cost is calculated on the basis of first- in-
 first- out method.
 
 1.3 Cash & Cash Equivalents
 
 In the cash flow statement, cash and cash equivalents include cash on
 hand, demand deposits with banks, other short term highly liquid
 investments with original maturities of three months or less.
 
 1.4 Depreciation:
 
 Depreciation has been provided on Straight line Method on prorata-basis
 and in some cases to the extent available at the rates and in the
 manner prescribed in schedule XIV to the Companies Act, 1956.
 
 1.5 Revenue Recognition
 
 Sales are recognised on transfer of significant risks and rewards of
 the ownership of the goods to the buyer and are reported net of
 turnover / trade discounts, returns and claims if any. Revenue from
 services are accounted as and when incurred.
 
 Dividend income on investments is accounted for when the right to
 receive the payment is established.
 
 Interest income is accounted on time proportion basis taking into
 account the amount outstanding and applicable interest rate.
 
 1.6 Tangible Fixed Assets:
 
 Fixed Assets have been stated at historical cost inclusive of
 incidental expenses, less accumulated depreciation.
 
 1.7 Investments
 
 Long term investments are stated at cost, less provision for diminution
 in the value other than temporary, if any.
 
 1.8 Employee benefits
 
 The Company does not have any employee to whom gratuity or any
 retirement benefits are payable.
 
 1.9 Borrowing Cost
 
 Borrowing cost related to (i) funds borrowed for acquisition /
 construction of qualifying assets are capitalized upto the date the
 assets put to use and (ii) funds borrowed for other purpose are charged
 to profit and loss account.
 
 1.10 Earnings per Share:
 
 Basic earnings per share is calculated by dividing the net profit or
 loss for the year attributable to equity shareholders by the weighted
 average number of equity shares outstanding during the year.
 
 1.11 Taxation
 
 Tax liability is estimated considering the provision of the Income Tax
 Act, 1961.  Deferred tax is recognized on timing differences; being the
 difference between taxable income and accounting income that originate
 in one period and are capable of reversal in one or more subsequent
 periods. On prudent basis, deferred tax assets are recognised and
 carried forward to the extent only when there is reasonable certainty
 that the assets will be adjusted in future.
 
 1.12 Foreign currency transactions
 
 All transactions in foreign currency, are recorded at the rates of
 exchange prevailing on the dates when the relevant transactions takes
 place
 
 1.13 Derivative Contracts
 
 All derivative contracts of Shares & Securities are marked to market
 and losses are recognized in the statement of profit & loss. Gains
 arising on the same are not recognized, until realized, on grounds of
 prudent.