1 SIGNIFICANT ACCOUNTING POLICIES & NOTES :

A Basis Of Preparation of Financial Statements

The financial statements of the Company have been prepared in accordance with Generally Accepted Accounting
Principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material
respects with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014.

The financial statements have been prepared on an accrual basis except as otherwise stated.

All assets and liabilities have been classified as current or non-current as per the Company's normal operating cycle
and other criteria set out in the Schedule III to the Companies Act, 2013. Based on the nature of products and the
time between the acquisition of assets for processing and their realisation in cash and cash equivalents, the company
ascertains its operating cycle for the purpose of current/non-current classification of assets and liabilities.

B Presentation and disclosure of financial statements

During the year ended 31st March 2015,Schedule III notified under the Companies Act 2013 , has become applicable
to the company, for preparation and presentation of its financial statements. The adoption of revised Schedule III does
not impact recognition and measurement principles followed for preparation of financial statements. However, it has
significant impact on presentation and disclosures made in the financial statements. The company has also reclassified
the previous year figures in accordance with the requirements applicable in the current year.

The schedule III allows line items, sub-line items and sub-totals to be presented as an addition or substitution on the
face of the financial statements when such presentation is relevant to an understanding of the company's financial
position or performance or to cater to industry/sector-specific disclosure requirements.

C Use of Estimates

The preparation of financial statements in conformity with Generally Accepted Accounting Principles require
management to make estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent liabilities at the date of the financial statements and the results of operations during the
reporting period end. Although these estimates are based upon management's best knowledge of current events and
actions, actual results could differ from these estimates.

D Miscellaneous Expenditure (To The Extent Not Written off or Adjusted)

The amount of preliminary expenses has been written off over a period of 5 years as per the provision of Sec 35 of
Income Tax Act,1961.

E Property, Plant And Equipments & Intangible Assets
(i) Tangible Assets

Property, Plant and Equipment (PPE), being fixed assets are tangible items held for use or for administrative
purposes and are measured at cost less accumulated depreciation and any accumulated impairment. Cost
comprises of the purchase price including import duties and non-refundable purchase taxes after deducting trade
discounts and rebates and any costs attributable to bringing the asset to the location and condition necessary for
it to be capable of operating in the manner intended by the Management. Financing costs relating to acquisition

of assets which take substantial period of time to get ready for intended use are also included to the extent they
relate to the period up to such assets are ready for their intended use.

Gains or losses arising from derecognition of property, plant & equipment are measured as the difference between
the net disposal proceeds and the carrying amount of the asset and are recognized in the statement of profit and
loss when the asset is derecognized.

the residual values, useful lives and methods of depreciation of property, plant & equipment are reviewed at each
financial year end and adjusted prospectively, if appropriate.

(ii) Intangible Assets

Intangible Assets are recognised only if it is probable that future economic benefits that are attributable to the
asset will flow to the enterprise and the cost of the asset can be measured reliably.

F Depreciation and Amortisation

Depreciation on Property, Plant and Equipments is provided on the straight-line method over the useful life of assets and
in the manner prescribed under schedule-II of the Companies Act, 2013 estimated by the management. Depreciation for
assets purchased/ sold during a period is proportionately charged.

G Inventories

"Inventories consist of traded goods, primarily musical instruments, and are valued at the lower of cost and net realizable
value, in accordance with Accounting Standard (AS) 2 - Valuation of Inventories.

Cost includes purchase price, duties (excluding recoverable taxes), and direct expenses. Net realizable value is the
estimated selling price in the ordinary course of business, less estimated selling costs.

(Refer Note No. 16 of the Financial Statements for details of inventory disclosed under Current Assets in the Balance
Sheet.)

H Cash and cash Equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term
investments with an original maturity of three months or less.

I Provision For Current and Deferred Tax

Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to
the tax authorities in accordance with the Income-tax Act, 1961 enacted in India and tax laws prevailing in the respective
tax jurisdictions where the company operates. The tax rates and tax laws used to compute the amount are those that
are enacted or substantively enacted, at the reporting date.

Deferred income taxes reflect the impact of timing differences between taxable income and accounting income
originating during the current year and reversal of timing differences for the earlier years. Deferred tax is measured
using the tax rates and the tax laws enacted or substantively enacted at the reporting date.

J Investments

Investments, which are readily realizable and intended to be held for not more than one year from the date on which
such investments are made, are classified as Current Investments. All other investments are classified as Long Term
Investments. On initial recognition, all investments are measured at cost. The cost comprises purchase price and
directly attributable acquisition charges such as brokerage, fees and duties. Both current investments and long term
investments are carried in the financial statements at cost. On disposal of an investment, the difference between its
carrying amount and net disposal proceeds is charged or credited to the statement of profit and loss.

K Current Assets, Loans & Advances

In the opinion of the Board and to the best of its knowledge and belief the value on realisation of current assets in
the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet and
repayable on demand.

L Recognition of Income & Expenditure

Income and expenditure is recognized and accounted for on accrual basis. Revenue is recognised to the extent that it
is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue
from sale of goods is recognised on transfer of significant risks and rewards of ownership to the customer and when
no significant uncertainty exists regarding realisation of the consideration. Sales are recorded net of sales returns, GST,
cash and trade discounts.

M Related Party Transactions

As per Accounting Standard 18, notified in the companies Rules 2006, the disclosure of Related Party Transaction is as
per Annexure to Note: 1.K

N Title deeds of immovable property not held in the name of the company:

The Company does not have any Immovable Property.

O Revaluation of Property, Plant and Equipment:

The Company has not revalued any of its Property, Plant and Equipment and intangible assets during the year.

Q Benami Property held:

There is no proceeding have been initiated or pending against the company for holding any benami property under the
Benami Transaction ( prohibition ) Act , 1988 (45 of 1988) and the rules made thereunder.

R Working capital limits from Banks/FIs on the basis of security of current assets

The Company has availed overdraft facility as borrowings from the banks or financial institutions on the basis
of current assets.

S Wilful defaulter

The company is not declared wilful defaulter by any bank or financial Institution or other lender.

T Relationship with struck off Companies

The company has no transaction with companies struck off under section 248 of the companies Act 2013 or section
560 of Companies Act 1956.

U Registration of charge or satisfaction with Registrar of Companies

The company has no charge or satisfaction yet to be registered with Registrar of Companies.

V Compliance with number of layers of companies

The company has Subsidiary and provisions prescribed under clause (87) of section 2 of the Act read with Companies
( Restriction on numbers of Layers ) Rules , 2017 are complied.

W Undisclosed Income

The Company has no such transaction not recorded in the books of account that has been surrendered or disclosed as
income during the year in the tax assessment under the Income Tax Act 1961

X Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

Y Provision

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation
as a result of past events and it is probable that there will be an outflow of resources.

Z Earning Per Share

The Company reports Basic and Diluted earnings per equity share in accordance with the Accounting Standard - 20
on Earning Per Share. In determining earning per share, the Company considers the net profit after tax and includes
the post tax effect of any extraordinary/exceptional items. The number of shares used in computing basic earning per
share is the weighted average number of equity shares outstanding during the period. The numbers of shares used in
computing diluted earning per share comprises the weighted average number of equity shares that would have been
issued on the conversion of all potential equity shares. Dilutive potential equity shares have been deemed converted as
of the beginning of the period, unless issued at a later date.

ZZ Employee Benefit Expenses :

Short Term Employee Benefits :The undiscounted amount of short term employee benefits expected to be paid in
exchange for the services rendered by employees are recognised as an expense during the period when the employees
render the services.

Long Term Employee Benefits : Compensated absences which are not expected to occur within twelve months after the
end of the period in which the employee renders the related service are recognised as a liability as at the Balance Sheet
date on the basis of actuarial valuation as per Projected Unit Credit Method.

Post-Employment Benefits

Defined Benefit Plans : The Company pays gratuity to the employees who have completed five years of service with the
Company at the time of resignation/ superannuation. The gratuity is paid @ 15 days basic salary for every completed
year of service as per the Payment of Gratuity Act, 1972, subject to payment ceiling of Rs.20,00,000/-"

The liability in respect of gratuity and other post-employment benefits is calculated using the Projected Unit Credit
Method and spread over the period during which the benefit is expected to be derived from employees' services.