Accounting Policies of Bala Techno Global Ltd. Company

Mar 31, 2015

A. The accounts are prepared on historical cost convention using the accrual method of accounting unless otherwise stated.

b. Accounting policies not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principle.

c. Dividend income is accounted on receipt basis.

d. In respect of other heads of income, the company follows the practice of accounting of such income on accrual basis.

e. All the expenses are accounted for on accrual basis.

f. Fixed Assets are stated at cost less accumulated depreciation till 31.3.2015.

g. Miscellaneous expenditure representing public issue expenses and preliminary expenses are amortized equally over a period of 10 years.

h. No provision for Gratuity has been made, as no employee has yet put in the qualifying period of service for entitlement to this benefit.

i. Investments are valued at cost inclusive of related expenses.

j. Inventories are valued at lower of Cost or Net Realisable value.

k. In respect of Fixed Assets acquired during the year, depreciation is charged on a written down value method so as to write off the cost of the assets over the useful lives and for the assets acquired prior to April 1, 2014, the carrying amount as on April 1, 2014 is depreciated over the remaining useful life as prescribed in schedule II of the Companies Act, 2013.

l. Deferred Tax has been accounted for pursuant to Accounting standard (AS-22).

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Mar 31, 2014

A. The accounts are prepared on historical cost convention using the accrual method of accounting unless otherwise stated.

b. Accounting policies not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principle.

c. Dividend income is accounted on receipt basis.

d. In respect of other heads of income, the company follows the practice of accounting of such income on accrua basis.

e. All the expenses are accounted for on accrual basis.

f. Fixed Assets are stated at cost less accumulated depreciation till 31.3.2014.

g. Miscellaneous expenditure representing public issue expenses and preliminary expenses are amortized equally over a period of 10 years.

h. No provision for Gratuity has been made, as no employee has yet put in the qualifying period of service for entitlement to this benefit.

i. Investments are valued at cost inclusive of related expenses.

j. Inventories are valued at lower of Cost or Net Realisable value.

k. Depreciation has been provided on own assets on the Written Down value method and on leased assets on the Straight Line method at the rates and in the manner prescribed in schedule (XIV) to the Companies Act, 1956.

l. Deferred Tax has been accounted for pursuant to Accounting standard (AS-22).

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Mar 31, 2013

A. The accounts are prepared on historical cost convention using the accrual method of accounting unless otherwise stated.

b. Accounting policies not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principle.

c. Dividend income is accounted on receipt basis.

d. In respect of other heads of income, the company follows the practice of accounting of such income on accrual basis.

e. All the expenses are accounted for on accrual basis.

f. Fixed Assets are stated at cost less accumulated depreciation till 31.3.2013.

g. Miscellaneous expenditure representing public issue expenses and preliminary expenses are amortized equally over a period of 10 years.

h. No provision for Gratuity has been made, as no employee has yet put in the qualifying period of service for entitlement to this benefit.

i. Investments are valued at cost inclusive of related expenses.

j. Inventories are valued at lower of Cost or Net Realisable value.

k. Depreciation has been provided on own assets on the Written Down value method and on leased assets on the

Straight Line method at the rates and in the manner prescribed in schedule (XIV) to the Companies Act, 1956.

l. Deferred Tax has been accounted for pursuant to Accounting standard (AS-22).

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Mar 31, 2012

A. The accounts are prepared on historical cost convention using the accrual method of accounting unless otherwise stated.

b. Accounting policies not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principle.

c. Dividend income is accounted on receipt basis.

d. In respect of other heads of income, the company follows the practice of accounting of such income on accrual basis.

e. All the expenses are accounted for on accrual basis.

f. Fixed Assets are stated at cost less accumulated depreciation till 31.3.2012.

g. Miscellaneous expenditure representing public issue expenses and preliminary expenses are amortized equally over a period of 10 years.

h. No provision for Gratuity has been made, as no employee has yet put in the qualifying period of service for entitlement to this benefit.

i. Investments are valued at cost inclusive of related expenses.

j. Inventories are valued at lower of Cost or Net Realisable value.

k. Depreciation has been provided on own assets on the Written Down value method and on leased assets on the Straight Line method at the rates and in the manner prescribed in schedule (XIV) to the Companies Act, 1956.

l. Deferred Tax has been accounted for pursuant to Accounting standard (AS-22).

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Mar 31, 2011

A. The accounts are prepared on historical cost convention using the accrual method of accounting unless otherwise stated.

b. Accounting policies not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principle.

c. Dividend income is accounted on receipt basis.

d. In respect of other heads of income, the company follows the practice of accounting of such income on accrual basis.

e. All the expenses are accounted for on accrual basis.

f. Fixed Assets are stated at cost less accumulated depreciation till 31.3.2011.

g. Miscellaneous expenditure representing public issue expenses and preliminary expenses are amortized equally over a period of 10 years.

h. No provision for Gratuity has been made, as no employee has yet put in the qualifying period of service for entitlement to this benefit.

i. Investments are valued at cost inclusive of related expenses.

j. Inventories are valued at lower of Cost or Net Realisable value.

k. Depreciation has been provided on own assets on the Written Down value method and on leased assets on the Straight Line method at the rates and in the manner prescribed in schedule (XIV) to the Companies Act, 1956.

l. Deferred Tax has been accounted for pursuant to Accounting standard (AS-22).