Accounting Policies of Hiliks Technologies Ltd. Company

Mar 31, 2014

I) CONVENTION

The Financial Statements are prepared under the historical cost convention in accordance with the applicable accounting standards and relevant presentational requirements of the Companies Act, 1956

ii) INVESTMENT

- Long term investments are valued at cost price and diminution in value thereof has been charged to Profit & Loss A/c as provision.

- Short term investments are valued at cost or market price whichever is lower on individual Investment basis.

iii) INCOME RECOGNITION

- Interest received is accounted for on accrual basis.

- Dividend received is accounted for when right to receive it is recognized.

- Sales of Shares is recognized at the time of delivery of share.

iv) RETIREMENT BENEFITS

Since the Company does not have any employee as such no accounting policy in respect of Retirement Benefits is required

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Mar 31, 2013

I) CONVENTION

The Financial Statements are prepared under the historical cost convention in accordance with the applicable accounting standards and relevant presentational requirements of the Companies Act, 1956

ii) INVESTMENT

- Long term investments are valued at cost price and diminution in value thereof has been charged to Profit & Loss A/c as provision.

- Short term investments are valued at cost or market price whichever is lower on individual Investment basis.

iii) INCOME RECOGNITION

- Interest received is accounted for on accrual basis.

- Dividend received is accounted for when right to receive it is recognized.

- Sales of Shares is recognized at the time of delivery of share.

iv) RETIREMENT BENEFITS

Since the Company does not have any employee as such no accounting policy in respect of Retirement Benefits is required.

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Mar 31, 2012

I) CONVENTION

The Financial Statements are prepared under the historical cost convention in accordance with the applicable accounting standards and relevant presentational requirements of the Companies Act, 1956

ii) INVESTMENT

- Long term investments are valued at cost price and diminution in value thereof has been charged to Profit & Loss A/c as provision.

- Short term investments are valued at cost or market price whichever is lower on individual Investment basis.

iii) INCOME RECOGNITION

- Interest received is accounted for on accrual basis.

- Dividend received is accounted for when right to receive it is recognized.

- Sales of Shares is recognized at the time of delivery of share.

iv) RETIREMENT BENEFITS

Since the Company does not have any employee as such no accounting policy in respect of Retirement Benefits is required.

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Mar 31, 2011

I) CONVENTION

The Financial Statements are prepared under the historical cost convention in accordance with the applicable accounting standards and relevant presentational requirements of the Companies Act, 1956

ii) INVESTMENT

- Long term investments are valued at cost price and diminution in value thereof has been charged to Profit & Loss A/c as provision.

- Short term investments are valued at cost or market price whichever is lower on individual Investment basis.

iii) INCOME RECOGNITION

- Interest received is accounted for on accrued basis.

- Dividend received is accounted for when right to receive it is recognized.

- Sales of Shares is recognized at the time of delivery of share Script.

iv) RETIREMENT BENEFITS

The Retirement Benefits Provisions are not applicable as there is no employee in the Company.