1. Basis of preparation of financial statements.
Accounts are drawn up on the principle of going concern concept with
revenues recognized basis and in accordance with the provisions of the
Companies Act, 1956.
2. Fixed assets - The Company has no fixed assets.
3. The Company has made investments in securities and are valued at
4. Inventories - There is no stock in trade.
5. Revenue recognition - All revenue are generally recognised on
accrual basis. Revenue in respect of interest is recognised only when
it is reasonably certain that the ultimate collection will be made.
6. Retirement benefits - Liability in respect of gratuity to employees
is accounted for as and when paid.