Mar 31, 2015
 BASIS OF ACCOUNTING:
The financial statement are prepared under historical cost convention on accrual method of accounting and are in accordance with the requirements of the Companies Act, 1956.
 FIXED ASSETS:
Capitalisation at acquisition cost including directly attributable cost such as freight, insurance, and specific installation charges for bringing the assets to its working condition.
Depreciation is not provided considering the losses of the company.
 VALUATION OF INVENTORY:
Stock of Raw Material have been valued at fixed cost.
 RECOGNITION OF INCOME AND EXPENDITURE
Revenue/Incomes and Costs/Expenditures are accounted on accrual basis.
 CONTINGENT LIABILITY
Contingent liability is provided on the basis demand made upon the Company.
Investments are valued at the acquisition cost and includes brokerage and other expenses on purchase.
 DEFERRED TAX
No provision made.
 RELATED PARTY DISCLOSURES
As per Accounting Standard 18 as issued by ICAI, there is no transaction of any related party.