1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES :
a. BASIS OF PREPARATION
The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting
Principles in India (Indian GAAP) in compliance with the Accounting Standards notified under the Companies (Accounting
Standards) Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 2013. The financial statements
have been prepared on accrual basis under the historical cost convention. Further in view of the revised schedule III of the
Companies Act, the company has also reclassified the previous year figures in accordance with the requirements applicable
for the current year
b. GENERAL
The company follows the accrual method of accounting. The financial statements have been prepared in accordance with the
historical cost convention and in accordance with. Expenses are accounted on their accrual with necessary provision for all
known liabilities and losses.
c. USE OF ESTIMATES
The preparation of financial statements requires estimates and assumptions to be made that affect the required amount of
assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the
reporting period. Difference between the actual amounts and the estimates are recognised in the period in which the results
are known/materialised.
d. FIXED ASSETS
Fixed assets are stated at cost including taxes, duties, freight, insurance etc. related to acquisition and installation.
e. DEPRECIATION
Depreciation is provided to the extent of depreciable amount on written Down Value (WDV) at the rates and method
prescribed in the Schedule II of the Companies Act, 2013 and on pro rata basis for the additions / deletions during the year.
f. INVENTORIES
No Inventories are available with the company , Hence valuation of Inventeries is not applicable.
g. REVENUE RECOGNITION
Revenue is recognized and expenditure is accounted for on their accrual.
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