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
 basis.
 
 2 Fixed Assets:
 
 Fixed Assets are valued at Cost Less Depreciation
 
 3 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.
 
 4 Investments
 
 Investments are stated at cost.
 
 5 Inventories:
 
 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