Accounting Policies of Lexoraa Industries Ltd. Company

Mar 31, 2025

2. Material Accounting Policies:

2.1 Basis of preparation

2.1.1 Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind
AS) notified under the Section 133 of the Companies Act, 2013 (the Act), the Companies (Indian
Accounting Standards) Rules, 2015 and other relevant provisions of the Act.

2.1.2 Historical cost convention

The financial statements have been prepared on the historical cost basis except for certain
financial assets and liabilities and defined benefit plans (plan assets), which are measured at
fair values at the end of each reporting period, as explained in the accounting policies below:

Fair value is the price that would be received to sell an asset or paid to transfer a liability in
an orderly transaction between market participants at the measurement date, regardless of
whether that price is directly observable or estimated using another valuation technique. In
estimating the fair value of an asset or a liability, the Company takes into account the
characteristics of the asset or liability if market participants would take those characteristics
into account when pricing the asset or liability at the measurement date.

In addition, for financial reporting purposes, fair value measurements are categorized into
Level 1, 2, or 3 based on the degree to which the inputs to the fair value measurements are
observable and the significance of the inputs to the fair value measurement in its entirety,
which are described as follows:

• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or

liabilities that the Company can access at the measurement date;

• Level 2 inputs are inputs, other than quoted prices included within Level 1, that are

observable for the asset or liability, either directly or indirectly; and

• Level 3 inputs are unobservable inputs for the asset or liability.

2.2 Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to
the chief operating decision maker. The Managing Director of the Company has been identified as
being the chief operating decision maker. Based on the internal reporting to the Chief operating
decision maker, the Company has identified that the Company has only one segment (Trading and
manufacturing of gems jewelry and bullions and import and export thereof) and accordingly there
are no other reportable segments.

2.3 Estimates

The preparation of the financial statements in conformity with Ind AS requires the Management to
make estimates, judgements and assumptions. These estimates, judgements and assumptions affect
the application of accounting policies and the reported amounts of assets and liabilities, the
disclosures of contingent liabilities at the date of the financial statements and reported amounts
of revenues and expenses during the year. Application of accounting policies that require critical
accounting estimates involving complex and subjective judgements and the use of assumptions in
these financial statements have been disclosed. Accounting estimates could change from period
to period. Actual results could differ from those estimates. Appropriate changes in estimates are
made as the Management becomes aware of changes in circumstances surrounding the estimates.
Changes in estimates are reflected in the financial statements in the period in which changes are
made and, if material, their effects are disclosed in the notes to the financial statements.

Below are the areas involving critical estimates or judgements are:

1. Recognition of revenue and estimation of related costs.

2. Impairment of property, plant and equipment

2.4 Foreign Currency Translation

(i) Functional and presentation currency

Items included in the financial statements are measured using the currency of the primary
economic environment in which the Company operates (''the functional currency''). The
financial statements are presented in Indian Rupee (INR), which is the Company''s functional
and presentation currency.

(ii) Transactions and balances

There is no transaction in foreign currency, other than functional currency hence no effect
of same is required in the financial statement.

2.5 Revenue Recognition

The Company recognizes revenue on satisfaction of performance obligation to its customer.
Revenue is measured based on the consideration specified in a contract with a customer and
excludes taxes collected on behalf of the government authorities.

Determination of transaction price and its subsequent assessment:

The Company assesses the transaction price considering the contract price as agreed with the
customer in the contract document, that includes Letter of Acceptance/Intent or any document
evidencing the contractual arrangement. Where consideration is not specified within the contract
and is variable, the Company estimates the amount of consideration to be received from its
customer. The consideration recognized is the amount which the Company assesses to be highly
probable not to result in a significant reversal in future periods.

Modification(s) to an existing contract, if any, are assessed to be either a separate performance
obligation or an extension of existing scope and transaction price is determined accordingly. The
Company considers the retention moneys held by customer to be protection money in the hands
of the customers and hence are not subjected to discounting pursuant to para 61 and 62(c) of Ind
AS 115. The mobilisation advances received, free of interest, from customers, also are not
subjected to discounting, as the Company considers the objective behind the transaction to be that
of ensuring and protecting timely execution of the project and not deriving financial benefit in the
nature of interest.

Company deploys revenue recognition both as (a) over a period of time, and (b) at a point of time,
as considered appropriate to the nature of product/service delivered to the customer.

The significant payment terms are as per the terms and conditions agreed as per the contract.

Revenue from operations:

(i) Revenue from Sales represented invoice value of goods sold excluding of sales tax, GST,
insurance, packing & forwarding charges etc. Sales of goods are recognized on transfer of
property of goods as per agreed terms.

Revenue from other sources:

(i) Interest income is accrued on a time basis using the effective interest method by reference to
the principal outstanding and the effective interest rate, which is the rate that exactly
discounts estimated future cash receipts through the expected life of the financial asset to
that asset''s net carrying amount.

2.6 Taxation

The income tax expense or credit for the period is the tax payable on the current period''s taxable
income based on the applicable income tax rate for each jurisdiction adjusted by changes in
deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.

The current income tax charge is calculated on the basis of the tax laws enacted or substantively
enacted at the end of the reporting period in India in accordance with the provisions of the Income
Tax Act, 1961. The Management periodically evaluates positions taken in tax returns with respect
to situations in which applicable tax regulation is subject to interpretation. It establishes provisions
where appropriate on the basis of amounts expected to be paid to the tax authorities.

Deferred tax assets on unabsorbed depreciation and carryforward off loss has not recoded in the
books of account due to future uncertainty of profit against which assets can be realized.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset
current tax assets and liabilities and when the deferred tax balances relate to the same taxation
authority. Current tax assets and tax liabilities are offset where the Company has a legally
enforceable right to offset and intends either to settle on a net basis, or to realize the asset and
settle the liability simultaneously.

Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items

recognized in other comprehensive income or directly in equity. In this case, the tax is also
recognized in other comprehensive income or directly in equity, respectively.

2.7 Impairment of assets

All Property, Plant and Equipment are tested for impairment at the end of each financial year. The
impairment loss being the excess of carrying value over the recoverable value of the assets, if any,
is charged to the Statement of Profit and Loss in the respective financial year. The impairment loss
recognized in prior years is reversed in cases where the recoverable value exceeds the carrying
value, upon reassessment in the subsequent years.

2.8 Cash and cash equivalents

For the purpose of presentation in the Statement of cash flows, cash and cash equivalents includes
cash on hand, deposits held at call with financial institutions, other short-term, highly liquid
investments with original maturities of three months or less that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of changes in value, and bank
overdrafts. Bank overdrafts are shown within borrowings under short-term borrowings in the
Balance Sheet.

2.9 Trade Receivables

Trade receivables are amounts due from customers for goods sold or services performed in the
ordinary course of business. Trade receivables are recognized initially at the amount of
consideration that is unconditional unless they contain significant financing components, when
they are recognized at fair value. The Company has no trade receivable at the end of year.

2.10 Inventories

Raw materials and Work-in Progress are stated at the lower of cost and net realizable value. Cost
of raw materials comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter
being allocated on the basis of normal operating capacity. Cost of inventories also include all other
costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of first- in first-out (FIFO) basis. There is no
inventory exist in the books of company at the end of financial year.

2.11 Property, Plant and Equipment & Intangible Assets

Property, Plant and Equipment are carried at historical cost less accumulated depreciation and
impairment losses, if any. The historical cost of Property, Plant and Equipment comprises its
purchase price and other attributable expenditure incurred in making the asset ready for its
intended use and interest on borrowings attributable to acquisition of qualifying Property, Plant
and Equipment up to the date the asset is ready for its intended use.

Subsequent costs are included in the asset''s carrying amount or recognized as a separate asset, as
appropriate, only when it is probable that future economic benefits associated with the item will

flow to the Company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate asset is derecognized when replaced. All other repairs
and maintenance are charged to profit or loss during the reporting period in which they are
incurred.

Property, Plant and Equipment retired from active use and held for sale are stated at the lower of
their net book value and net realizable value and are disclosed separately.

Intangible Assets:

Intangible assets comprise of the application and other software procured through perpetual
licenses. The intangible assets are capitalised on implementation of such software and comprises
of the prices paid or procuring the licenses and implementation cost of such software.

Depreciation and Amortization methods, useful lives and residual value:

Depreciation has been provided under W. D. V. method at useful lives specified in the Schedule II
of the Companies Act, 2013

2.12 Trade and Other Payables

These amounts represent liabilities for goods and services provided to the Company prior to the
end of financial year which are unpaid. Trade and other payables are presented as current liabilities
unless payment is not due within 12 months after the reporting period. They are recognized
initially at their fair value and subsequently measured at amortized cost using the effective interest
method.

2.13 Borrowings

Borrowings are initially recognized at fair value, net of transaction costs incurred. Borrowings are
subsequently measured at amortized cost. Any difference between the proceeds (net of transaction
costs) and the redemption amount is recognized in profit or loss over the period of the borrowings
using the effective interest method.

Borrowings are removed from the balance sheet when the obligation specified in the contract is
discharged, cancelled or expired. The difference between the carrying amount of a financial liability
that has been extinguished or transferred to another party and the consideration paid, including any
non-cash assets transferred or liabilities assumed, is recognized in profit or loss as other
gains/(losses).

Borrowings are classified as current liabilities unless the Company has an unconditional right to
defer settlement of the liability for at least 12 months after the reporting period. Where there is a
breach of a material provision of a long-term loan arrangement on or before the end of the
reporting period with the effect that the liability becomes payable on demand on the reporting
date, the Company does not classify the liability as current, if the lender agreed, after the reporting
period and before the approval of the financial statements for issue, not to demand payment as a
consequence of the breach.

2.14 Borrowing Costs

General and specific borrowing costs that are directly attributable to the acquisition, construction
or production of a qualifying asset are capitalized during the period of time that is required to

complete and prepare the asset for its intended use or sale. Qualifying assets are assets that
necessarily take a substantial period of time to get ready for their intended use or sale.

Investment income earned on the temporary investment of specific borrowings pending their
expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalization.

Other borrowing costs are expensed in the period in which they are incurred.

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Mar 31, 2024

28. Significant Accounting Policies:

28.1 Basis of preparation

28.1.1 Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under the
Section 133 of the Companies Act, 2013 (the Act), the Companies (Indian Accounting Standards) Rules, 2015 and other
relevant provisions of the Act.

28.1.2 Historical cost convention

The financial statements have been prepared on the historical cost basis except for certain financial assets and liabilities
and defined benefit plans (plan assets), which are measured at fair values at the end of each reporting period, as explained
in the accounting policies below:

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date, regardless of whether that price is directly observable or estimated using
another valuation technique. In estimating the fair value of an asset or a liability, the Company takes into account the
characteristics of the asset or liability if market participants would take those characteristics into account when pricing the
asset or liability at the measurement date.

In addition, for financial reporting purposes, fair value measurements are categorized into Level 1,2, or 3 based on the
degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair
value measurement in its entirety, which are described as follows:

• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company
can access at the measurement date;

• Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or
liability, either directly or indirectly; and

• Level 3 inputs are unobservable inputs for the asset or liability.

28.2 Segment reporting

The Company is operating only one segment viz. trading & supply of turnkey projects of Solvent Extraction plants, Castor
Oil Plants, Edible Oil plants, Oil Refinery Plants, Vanaspati Plants, and Dairy & food Processing Plants,
Chemical/Petrochemical, and Pharmaceutical Plants etc. Distilleries & it''s all type of equipment’s, Accessories, Spare parts
& Components, however there is no business activity has been carried out during the year by company in this segment.

28.3 Estimates

The preparation of the financial statements in conformity with Ind AS requires the Management to make estimates,
judgements and assumptions. These estimates, judgements and assumptions affect the application of accounting policies
and the reported amounts of assets and liabilities, the disclosures of contingent liabilities at the date of the financial
statements and reported amounts of revenues and expenses during the year. Application of accounting policies that require
critical accounting estimates involving complex and subjective judgements and the use of assumptions in these financial
statements have been disclosed. Accounting estimates could change from period to period. Actual results could differ from
those estimates. Appropriate changes in estimates are made as the Management becomes aware of changes in
circumstances surrounding the estimates. Changes in estimates are reflected in the financial statements in the period in
which changes are made and, if material, their effects are disclosed in the notes to the financial statements.

Below are the areas involving critical estimates or judgements are:

1. Recognition of revenue and estimation of related costs.

2. Impairment of property, plant and equipment

28.4 Foreign Currency Translation

(i) Functional and presentation currency

Items included in the financial statements are measured using the currency of the primary economic environment in
which the Company operates (‘the functional currency’). The financial statements are presented in Indian Rupee (INR),
which is the Company’s functional and presentation currency.

(ii) Transactions and balances

There is no transaction in foreign currency, other than functional currency hence no effect of same is required in the
financial statement.

28.5 Revenue Recognition

The Company recognizes revenue on satisfaction of performance obligation to its customer. Revenue is measured based
on the consideration specified in a contract with a customer and excludes taxes collected on behalf of the government
authorities.

Determination of transaction price and its subsequent assessment:

The Company assesses the transaction price considering the contract price as agreed with the customer in the contract
document, That includes Letter of Acceptance/Intent or any document evidencing the contractual arrangement. Where
consideration is not specified within the contract and is variable, the Company estimates

the amount of consideration to be received from its customer. The consideration recognized is the amount which the
Company assesses to be highly probable not to result in a significant reversal in future periods.

Modification(s) to an existing contract, if any, are assessed to be either a separate performance obligation or an extension
of existing scope and transaction price is determined accordingly. The Company considers the retention moneys held by
customer to be protection money in the hands of the customers and hence are not subjected to discounting pursuant to
para 61 and 62(c) of Ind AS 115. The mobilisation advances received, free of interest, from customers, also are not
subjected to discounting, as the Company considers the objective behind the transaction to be that of ensuring and
protecting timely execution of the project and not deriving financial benefit in the nature of interest.

Company deploys revenue recognition both as (a) over a period of time, and (b) at a point of time, as considered
appropriate to the nature of product/service delivered to the customer.

The significant payment terms are as per the terms and conditions agreed as per the contract.

Revenue from operations:

(i) Revenue from Sales represented invoice value of goods sold excluding of sales tax, GST, insurance, packing
& forwarding charges etc. Sales of goods are recognized on transfer of property of goods as per agreed terms.

Revenue from other sources:

(i) Interest income is accrued on a time basis using the effective interest method by reference to the principal
outstanding and the effective interest rate, which is the rate that exactly discounts estimated future cash receipts
through the expected life of the financial asset to that asset’s net carrying amount.

28.6 Taxation

The income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the
applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to
temporary differences and to unused tax losses.

The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the end of the
reporting period in India in accordance with the provisions of the Income Tax Act, 1961. The Management periodically
evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to
interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

Deferred tax assets on unabsorbed depreciation and carryforward off loss has not recoded in the books of account due to
future uncertainty of profit against which assets can be realized.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and
liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are
offset where the Company has a legally enforceable right to offset and intends either to settle on a net basis, or to realise
the asset and settle the liability simultaneously.

Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items recognized in other
comprehensive income or directly in equity. In this case, the tax is also recognized in other comprehensive income or
directly in equity, respectively.

28.7 Impairment of assets

All Property, Plant and Equipment are tested for impairment at the end of each financial year. The impairment loss being
the excess of carrying value over the recoverable value of the assets, if any, is charged to the Statement of Profit and Loss
in the respective financial year. The impairment loss recognized in prior years is reversed in cases where the recoverable
value exceeds the carrying value, upon reassessment in the subsequent years.

28.8 Cash and cash equivalents

For the purpose of presentation in the Statement of cash flows, cash and cash equivalents includes cash on hand, deposits
held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or
less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in
value, and bank overdrafts. Bank overdrafts are shown within borrowings under short-term borrowings in the Balance
Sheet.

28.9 Trade Receivables

Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course
of business. Trade receivables are recognized initially at the amount of consideration that is unconditional unless they
contain significant financing components, when they are recognized at fair value. The Company has no trade receivable
at the end of year.

28.10 Inventories

Raw materials and Work-in Progress are stated at the lower of cost and net realizable value. Cost of raw materials
comprises cost of purchases. Cost of work-in-progress comprises direct materials, direct labour and an appropriate
proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating capacity.
Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition.
Costs are assigned to individual items of inventory on the basis of first- in first-out (FIFO) basis. There is no inventory exist
in the books of company at the end of financial year.

28.11 Property, Plant and Equipment & Intangible Assets Property, Plant and Equipment

Property, Plant and Equipment are carried at historical cost less accumulated depreciation and impairment losses, if any.
The historical cost of Property, Plant and Equipment comprises its purchase price and other attributable expenditure
incurred in making the asset ready for its intended use and interest on borrowings attributable to acquisition of qualifying
Property, Plant and Equipment up to the date the asset is ready for its intended use.

Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only
when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item
can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when
replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are
incurred.

Property, Plant and Equipment retired from active use and held for sale are stated at the lower of their net book value and
net realizable value and are disclosed separately.

Intangible Assets:

Intangible assets comprise of the application and other software procured through perpetual licenses. The intangible assets
are capitalised on implementation of such software and comprises of the prices paid or procuring the licenses and
implementation cost of such software.

Depreciation and Amortization methods, useful lives and residual value:

Depreciation has been provided under W. D. V. method at useful lives specified in the Schedule II of the Companies Act,
2013

28.12 Trade and Other Payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year which
are unpaid. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after
the reporting period. They are recognized initially at their fair value and subsequently measured at amortized cost using
the effective interest method.

28.13 Borrowings

Borrowings are initially recognized at fair value, net of transaction costs incurred. Borrowings are subsequently measured
at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognized
in profit or loss over the period of the borrowings using the effective interest method.

Borrowings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or
expired. The difference between the carrying amount of a financial liability that has been extinguished or transferred to
another party and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognized
in profit or loss as other gains/(losses).

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the
liability for at least 12 months after the reporting period. Where there is a breach of a material provision of a long-term loan
arrangement on or before the end of the reporting period with the effect that the liability becomes payable on demand on
the reporting date, the Company does not classify the liability as current, if the lender agreed, after the reporting period
and before the approval of the financial statements for issue, not to demand payment as a consequence of the breach.

28.14 Borrowing Costs

General and specific borrowing costs that are directly attributable to the acquisition, construction or production of a
qualifying asset are capitalized during the period of time that is required to complete and prepare the asset for its intended
use or sale. Qualifying assets are assets that necessarily take a substantial period of time to get ready for their intended
use or sale.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying
assets is deducted from the borrowing costs eligible for capitalization.

Other borrowing costs are expensed in the period in which they are incurred.

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Mar 31, 2015

1.1 Accounting Concepts

The Company follows the mercantile system of accounting and recognized Income and Expenditure on accrual basis. The accounts are prepared on historical cost convention and as a going concern. Accounting policies not referred to otherwise are consistent with generally accepted Accounting Principles.

1.2 Fixed Assets

Fixed Assets are stated at cost (Including other expenses related to acquisition and installation).Less accumulated Depreciation

1.3 Depredation

Depreciation has been provided under W D V method at useful lives specified in the Schedule II of the Companies Act, 2013.

1.4 Revenue Recognition

Revenue from Sales represented invoice value of goods sold excluding of sales tax, insurance, packing & forwarding charges etc. Sales of goods is recognized on transfer of property of goods as per agreed terms

1.5 Retirement Benefits

These are accounted for as and when paid.

1.6 Investments

investments are valued at cost.

1.7 Earnings per Share

The earnings considered in ascertaining the company's EPS comprise the net profit or (loss) for the period after tax and extra ordinary items. The Basis EPS is computed on the basis of weighted average number of equity shares outstanding during the year. The Number of Share for computation of diluted EPS comprise of weighted average number of equity shares considered for deriving basic EPS.

1.8 Taxes on Income

Tax expenses for the year comprises of current tax and deferred tax. Current taxes are measured at the current rate of tax in accordance with provision of the Income Tax Act, 1961. Deferred Tax Assets & Liabilities are recognized for future tax consequences attributable to the timing differences that results between taxable profit & the profit as per the financial statement. Deferred tax Assets & liabilities are measured using the tax rate and tax laws that have been enacted or substantively enacted at the Balance Sheet date. Deferred tax assets are recognized on unabsorbed depreciation & carry forward losses under tax law to the extent there is virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized The effect of deferred tax assets & liabilities of a change in tax rate is recognized in the Profit & Loss account in the year of Change.

1.9 Contingent Liabilities

Contingent liabilities are determined on the basis of available information and are disclosed by way of Notes to Accounts.

1.10 All Balances of sundry Debtors, Creditors, Loan & Advances are subject to confirmations.

1.11 Auditors Remuneration consists of:

Current Year Previous Year Rs. Rs.

Audit Fees 20,000/- 20,000/-

Tax Audit Fees 10,000/- 10,000/-

Total 30,000/- 30,000/-

1.12 Provision has been made for Income tax as per the provisions of Income Tax Act 1961.

1.13 In order to comply with the requirement of the Micro, Small and Medium Enterprises Development Act 2006, the company has not received any memorandum (as required by to be filed by the suppliers with the notified authority under Micro, Small and Medium Enterprises Development Act 2006) claiming their status as micro or medium enterprises the information as required to be given above is considered to be NIL.

1.14 In accordance with the Accounting Standard on "Related Party Disclosure"(AS-18),the disclosure in respect of transactions with the company's related parties are: NA

1.15 In the opinion of. the Board of Directors all the current assets, Loans & Advances are approximately of the value stated in the balance sheet as at 31st March, 2015 if realized in the ordinary course of business. The provision for depreciation and all known liabilities has been made and is adequate and not in excess of amount reasonably required.

1.16 In view of Accounting Standard -22 " Accounting for Taxes on Income", deferred tax Assets has been considering lack of virtual certainty of its realization of losses.

I) Value of Imports : Rs. Nil (NIL)

II) Expenditure in foreign Currency : Rs. Nil (NIL)

III) Earnings in foreign Exchange : Rs. Nil (NIL)

IV) Amount remitted during the year in foreign : RS. Nil (NIL) Currencies on account of dividend

1.17. Previous year figures have been regrouped and rearranged, wherever necessary.

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Mar 31, 2014

1.1 Accounting Concepts :

The Company follows the mercantile system of accounting and recognized Income and Expenditure on accrual basis. The accounts are prepared on historical cost convention and as a going concern. Accounting policies not referred to otherwise are consistent with generally accepted Accounting Principles.

2.2 Fixed Assets

Fixed Assets are stated at cost (Including other expenses related to acquisition and installation).Less accumulated Depreciation

2.3 Depreciation

i. Depreciation has been provided under W D V method at the rates prescribed in Schedule XIV of the Companies Act, 1956 (as amended).

ii. Depreciation of fixed assets is provided on Pro-rata basis from the date of their purchase / acquisition / capitalization till the date of disposal.

2.4 Revenue Recognition

Revenue from Sales represented invoice value of goods sold excluding of sales tax, insurance, packing & forwarding charges etc. Sales of goods is recognized on transfer of property of goods as per agreed terms

2.5 Retirement Benefits

These are accounted for as and when paid.

2.6 Investments Investments are valued at cost.

2.7 Earning per Share

The earnings considered in ascertaining the company''s EPS comprise the net profit or (loss) for the period after tax and extra ordinary items. The Basis EPS is computed on the basis of weighted average number of equity shares outstanding during the year. The Number of Share for computation of diluted EPS comprise of weighted average number of equity shares considered for deriving basic EPS.

NOTES FORMING PARTS OF FINANCIAL STATEMENT | Continued

2.8 Taxes on Income

Tax expenses for the year comprises of current tax and deferred tax. Current taxes are measured at the current rate of tax in accordance with provision of the Income Tax Act, 1961.

Deferred Tax Assets & Liabilities are recognized for future tax consequences attributable to the timing differences that results between taxable profit & the profit as per the financial statement. Deferred tax Assets & liabilities are measured using the tax rate and tax laws that have been enacted or substantively enacted at the Balance Sheet Date.

Deferred tax assets are recognized on unabsorbed depreciation & carry forward losses under tax law to the extent there is virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized The effect of deferred tax assets & liabilities of a change in tax rate is recognized in the Profit & Loss account in the year of Change.

2.9 Contingent Liabilities

Contingent liabilities are determined on the basis of available information and are disclosed by way of Notes to Accounts.

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Mar 31, 2012

1.1 Accounting Concepts :

The Company follows the mercantile system of accounting and recognized Income and Expendi- ture on accrual basis. The accounts are prepared on historical cost convention and as a going concern. Accounting policies not referred to otherwise are consistent with generally accepted Accounting Principles.

1.2 Fixed Assets

Fixed Assets are stated at cost (Including other expenses related to acquisition and installation).Less accumulated Depreciation

1.3 Depreciation

i. Depreciation has been provided under W D V method at the rates prescribed in Schedule XTV of the Companies Act, 1956 (as amended). ii. Depreciation of fixed assets is provided on Pro-rata basis from the date of their purchase / acquisition / capitalization till the date of disposal.

1.4 Revenue Recognition

Revenue from Sales represented invoice value of goods sold including of sales tax, insurance, packing & forwarding charges and Technical services etc. Sales of goods is recognized on transfer of property of goods as per agreed terms

1.5 Retirement Benefits

These are accounted for as and when paid.

1.6 Investments

Investments are valued at cost.

1.7 Earning per Share

The earnings considered in ascertaining the company's EPS comprise the net profit or (loss) for the period after tax and extra ordinary items. The Basis EPS is computed on the basis of weighted average number of equity shares outstanding during the year. The Number of Share for computation of diluted EPS comprise of weighted average number of equity shares considered for deriving basic EPS.

1.8 Taxes on Income

Tax expenses for the year comprises of current tax and deferred tax. Current taxes are measured at the current rate of tax in accordance with provision of the Income Tax Act, 1961. Deferred Tax Assets & Liabilities are recognized for future tax consequences attributable to the timing differences that results between taxable profit &. the profit as per the financial statement. Deferred tax Assets & liabilities are measured using the tax rate and tax laws that have been enacted or substantively enacted at the Balance Sheet Date.

Deferred tax assets are recognized on unabsorbed depreciation & carry forward losses under tax law to the extent there is virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized The effect of deferred tax assets & liabilities of a change in tax rate is recognized in the Profit &. Loss account in the year of Change.

1.9 Contingent Liabilities

Contingent liabilities are determined on the basis of a vailable information and are disclosed by way of Notes to Accounts.

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Mar 31, 2011

1. Accounting Concepts :

The Company follows the mercantile system of accounting and recognized Income and Expenditure on accrual basis. The accounts are prepared on historical cost convention and as a going concern. Accounting policies not referred to otherwise are consistent with generally accepted Accounting Principles.

2. Fixed Assets

Fixed Assets are stated at cost (Including other expenses related to acquisition and installation).Less accumulated Depreciation

3. Depreciation

i. Depreciation has been provided under W D V method at the rates Prescribed in Schedule XIV of the Companies Act, 1956 (as amended). ii. Depreciation of fixed assets is provided on Pro-rata basis from the date of their purchase / acquisition / capitalization till the date of disposal.

4. Inventories

i. Raw materials and stores and spares are valued at Cost or net realizable value. whichever is Lower

ii. Work-in-Progress is valued at estimated value.

iii. Finished goods are valued at lower of cost or market price.

5. Turnover

Turnover represented invoice value of goods sold including of sales tax, insurance, packing & forwarding charges and Technical services etc. Sales of goods is recognized on transfer of property of goods as per agreed terms

6. Miscellaneous Expenditure

Miscellaneous Expenditure "consists of preliminary expenses and share issue expenses" which are amortized equally over ten years.

7. Retirement Benefits

These are accounted for as and when paid.

8. Investments

Investments are valued at cost.

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Mar 31, 2010

1. Accounting Concepts :

The Company follows the mercantile system of accounting and recognized Income and Expenditure on accrual basis. The accounts are prepared on historical cost convention and as a going concern. Accounting policies not referred to otherwise are consistent with generally accepted Accounting Principles.

2. Fixed Assets

Fixed Assets are stated at cost (Including other expenses related to acquisition and installation).Less accumulated Depreciation

3. Depreciation

i. Depreciation has been provided under W D V method at the rates prescribed in Schedule XIV of the Companies Act, 1956 (as amended).

ii. Depreciation of fixed assets is provided on Pro-rata basis from the date of their purchase / acquisition / capitalization till the date of disposal.

4. Inventories

i. Raw materials and stores and spares are valued at Cost or net realizable value. whichever is Lower ii. Work-in-Progress is valued at estimated value.

iii. Finished goods are valued at lower of cost or market price.

5. Turnover

Turnover represented invoice value of goods sold including of sales tax, insurance, packing & forwarding charges and Technical services etc. Sales of goods is recognized on transfer of property of goods as per agreed terms

6. Miscellaneous Expenditure

Miscellaneous Expenditure "consists of preliminary expenses and share issue expenses" which are amortized equally over ten years.

7. Retirement Benefits

These are accounted for as and when paid.

8. Investments Investments are valued at cost.