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 Use of estimates
 
 The preparation of the financial statements in conformity with Indian
 GAAP requires the Management to make estimates and assumptions
 considered in the reported amounts of assets and liabilities (including
 contingent liabilities) and the reported income and expenses during the
 year. The Management believes that the estimates used in preparation of
 the financial statements are prudent and reasonable. Future results
 could differ due to these estimates and the differences between the
 actual results and the estimates are recognised in the periods in which
 the results are known / materialise.
 
 1.3 Inventories
 
 There was no inventory as the company has wound up its activities.
 
 1.4 Depreciation and amortisation
 
 Depreciation has not been provided in the books because there was no
 operation during the reporting period.
 
 1.5 Revenue Recognition
 
 There was no revenue during financial year as there was no operation
 
 1.6 Other income
 
 Interest income is accounted on accrual basis.
 
 1.7 Fixed assets
 
 Fixed assets are carried at cost less accumulated depreciation and
 impairment losses, if any. Machinery spares which can be used only in
 connection with an item of fixed asset and whose use is expected to be
 irregular are capitalised and depreciated over the useful life of the
 principal item of the relevant assets.
 
 1.8 Earnings per share
 
 Basic earnings per share is computed by dividing the profit / (loss)
 after tax (including the post tax effect of extraordinary items, if
 any) by the weighted average number of equity shares outstanding during
 the year.
 
 1.9 Taxes on income
 
 Current tax is the amount of tax payable on the taxable income for the
 year as determined in accordance with the provisions of the Income Tax
 Act, 1961. Deferred tax is to be recognised on timing differences,
 being the differences between the taxable income and the accounting
 income that originate in one period and are capable of reversal in one
 or more subsequent periods. During the current reporting period, there
 is no timing difference. Hence there is no change in deffered tax
 asset/liability.