1.1 Change in accounting Policy
 
 Presentation and Disclosure of financial statements
 
 During the year ended 31st March 2012, the revised Schedule VI notified
 under the Companies Act 1956, has become applicable to the company, for
 preparation and presentation of its financial statement. Except
 accounting for dividend on investments in subsidiary companies, the
 adoption of revised Schedule VI does not impact recognition and
 measurement principles followed for preparation of financial
 statements. However it has significant impact on presentation and
 disclosures made in the financial statements. The company has also
 reclassified the previous year''s figures in accordance with the
 requirements applicable in the current year.
 
 1.2 Use of Estimates
 
 Estimates and assumptions used in the preparation of the financial
 statements are based on management''s evaluation of the relevant facts
 and circumstances as on date of the financial statements, which may
 differ from the actual results at a subsequent date.
 
 1.3 Fixed Assets
 
 As on the date of the Balance Sheet, the company does not own any fixed
 assets, hence disclosure under this Clause is not required. ¦
 
 1.4 Inventories
 
 The Company does not have inventories of Raw Materials, Stores &
 Spares. The Stock-in-Trade consists of shares, which is valued at cost.
 
 1.5 Investments
 
 Investment, which are readily realizable and intended to be held for
 not more than one year from the date in which investments are made, are
 classified as current investment. All other investments are classified
 as long term investment.
 
 On initial recognition, all investments are measured at cost. The cost
 comprises purchase price and directly attributable acquisition charges.
 
 Current Investment if any are carried in the financial statements at
 lower of cost and fair value determined on individual investment basis.
 Long term investments are carried at cost. Temporary
 
 NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH
 31il, 2012 diminution in the value of Investments meant to be held for
 long term period of time is not recognized.
 
 On disposal of an investment, the difference between its carrying
 amount and net disposal proceeds is charged or credited to the
 statement of Profit and Loss.
 
 1.6 Revenue Recognition
 
 Income from Commodity Trading / Sale of Shares is recognized on the
 date of sales as per the bills/contract and is accounted on accrual
 basis.
 
 1.7 Other Income
 
 Interest and Other Income, if any is accounted on accrual basis.
 Dividend Income is accounted for when the right to receive income is
 established by the reporting date.
 
 1.8 Provisions, Contingent Liabilities and Contingent Assets
 
 Provisions involving substantial degree of estimation in measurement
 are recognized when there is a present obligation as a result of past
 events and it is probable that there will be an outflow of resources.
 Contingent Liabilities are not recognized but are disclosed in the
 notes. Contingent Assets are neither recognized nor disclosed in the
 financial statements.
 
 1.9 Taxes on Income
 
 a) The tax expense comprises of current tax and charged or credited to
 profit & loss account.
 
 b) Current Tax is calculated in accordance with the tax laws applicable
 to the current financial year.
 
 c) The Company has been advised that as there is no material tax effect
 of timing difference based on the estimated computation for a
 reasonable period and hence there is no provision for deferred tax in
 terms of Accounting Standard (AS-22) on Accounting for Taxes on
 Income issued by the Institute of Chartered Accountants of India.
 
 d) Advance taxes and provisions for current income tax are presented in
 the Balance Sheet after off-setting advance taxes paid and Income Tax
 provision arising in the same tax jurisdiction and the Company intends
 to settle the assets on liabilities on a net basis.
 
 1.10 Impairment of Assets
 
 The Company makes an assessment of any indicator that may lead to
 impairment of assets on an annual basis.
 
 An asset is treated as impaired when the carrying cost of the asset
 exceeds its recoverable value, which is higher of the net selling price
 and value in use. Any impairment loss is charged to profit and loss
 account in the year in which it is identified as impaired.
 
 1.11 Earning Per Share
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders (after
 deducting preference dividends if any and attributable taxes) by the
 weighted average number of equity shares outstanding during the period.
 For the purpose of calculating dilutive earnings per share, the net
 profit or loss for the period attributable to equity shareholders and
 weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilutive potential equity snares if
 any.