1. Basis of Accounting
The Company prepares its financial statements under the historical cost
convention in accordance with the generally accepted accounting
principals and the provisions of the Company Act, 1956 except otherwise
2. Investment :
Investment are stated at cost.
3. Inventories :
Inventories are Valued at cost
4. Deferred Revenue Expenditure :
Deferred Revenue Expenditure comprising of registration fees and stamp
duty towards increase in authorised capital, is amortised equally over
a period of five years.
5. Contingent Liability :
Contingent Liabilities are determined on the basis of available