Accounting Policies of Disha Resources Ltd. Company

Mar 31, 2015

1. The financial statements have been prepared under Historical Cost Convention in accordance with the generally accepted accounting principles and the provisions of the Companies Act, 1956 & 2013 as adopted consistently by the Company. The same are prepared on a going concern basis. The Company follows mercantile system of accounting and recognizes significant items of income and expenditure on accrual basis.

2. Closing Stock of all shares are valued at cost.

3. In the opinion of the board, current assets and loans and advances are approximately of the value stated, if realized, in the ordinary course of business and all known liabilities have been provided for.

4. Auditor's Remuneration:

Particulars 2014-15 2013-14

Audit Fees & Income Tax Matters 30000 30000

TOTAL 30000 30000

5. Investments are stated at cost, and provision for permanent diminution in value of such investments have been made as per the circumstances.

6. P F Superannuation Fund and other employees benefits scheme are not yet applicable to the company.

7. Previous year figures have been regrouped and rearranged wherever necessary.

8. Balance of Loans, Debtors, Creditors and depositors are subject to confirmation and reconciliation.

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Mar 31, 2014

1. The financial statements have been prepared under Historical Cost Convention in accordance with the generally accepted accounting principles and the provisions of the Companies Act, 1956 as adopted consistently by the Company. The same are prepared on a going concern basis. The Company follows mercantile system of accounting and recognizes significant items of income and expenditure on accrual basis.

2. Closing Stock of all shares are valued at cost.

3. In the opinion of the board, current assets and loans and advances are approximately of the value stated, if realized, in the ordinary course of business and all known liabilities have been provided for.

5. Investments are stated at cost, and provision for permanent diminution in value of such investments have been made as per the circumstances.

6. P F Superannuation Fund and other employees benefits scheme are not yet applicable to the company.

7. Previous year figures have been regrouped and rearranged wherever necessary.

8. Balance of Loans, Debtors, Creditors and depositors are subject to confirmation and reconciliation.

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Mar 31, 2010

1. The financial statements have been prepared under Historical Cost Convention in accordance with the generally accepted accounting principles and the provisions of the Companies Act, 1956 as adopted consistently by the Company. The same are prepared on a going concern basis. The Company follows mercantile system of accounting and recognizes significant items of income and expenditure on accrual basis.

2. Closing Stock of Quoted shares are valued at market price and other shares at cost price. However at the year end valuation of quoted shares has been taken at opening rates and not at market rates.

3. In the opinion of the board, current assets and loans and advances are approximately of the value stated, if realized, in the ordinary course of business and all known liabilities have been provided for.

5. Investments are stated at cost, and provision for permanent diminution in value of such investments have been made as per the circumstances.

6. P F Superannuation Fund and other employees benefits, scheme are not yet applicable to the company.