1 Basis of Accounting :
The financial statements are prepared under the historical cost
convention and comply with the mandatory accounting standards and
statements issued by The Institute of Chartered Accountants of India
and The Companies Act, 1956. All income and expenditure having a
material bearing on the financial statements are recognised on accrual
2 Fixed Assets:
Fixed Assets are valued at Cost Less Depreciation
Depreciation on Fixed Assets is provided at Straight Line Method in
Accordance with Schedule XVI to the Companies Act, 1956 but restricted
to the period of use during the year.
Investments are stated at cost.
Inventories are valued at cost. 603 500
6 Miscellaneous Expenditure :
Public Issue Expenses & Share Issue Expenses are being proportionately
written off over a period of Ten Years