The financial statements of the Company have been prepared to comply with the Generally Accepted Accounting Principles in India (Indian GAAP) including the Accounting Standards notified under the Relevant Provisions of the Companies Act, 2012 The financial statements have been prepared on accrual basis under the historical cost convention. The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the previous year.

b) USE OF ESTIMATES

The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimate and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses during the year. The Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ due to these estimates and the differences between the actual results and the estimates are recognised in the periods in which the results are known / materialise.

c) CASH AND CASH EQUIVALENT

Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances (with an origins maturity three months or less the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.

d) CASH FLOW STATEMENT

Cash (lows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax is adjusted fo the effects of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. cash Hows from operating, investing and financing activities of the Company are segregated based on the available information.

e) FIXED ASSET'S

TANGIBLE ASSETS

Tangible Assets are stated at cost ,less accumulated depreciation and impairment loss, if any. The cost of Tangible Asset; comprises its purchase price and any cost directly attributable to bringing the asset to its working condition for its intended use except Registration expenses on vehicle purchases and Vehicle insurance expenses charged to Statement of Profit & Los; without adjustment for prepaid expenses. Subsequent expenditures related to an item of Tangible Asset are added to its bool value only if they increase the future benefits from the existing asset beyond its previously assessed standard of performance.

f) DEPRECIATION/ AMORTISATION TANGIBLE ASSETS

Depreciation on Fixed Assets is provided as per the provisions contained in Schedule II of the Companies Act 2013 and the net carrying amount of the fixed assets is amortised over their useful lifes as specified in Part C of the Schedule II of the Act or Straight Line Method.

g) INVESTMENTS

Long-term Investments are stated at cost. Provision for diminution in the value of long-term investments is made only if such a decline is other than temporary in the opinion of the management.

h) Defined Contribution Plan

a) in accordance with the provisions of Employees Provident Funds and Miscellaneous Provisions Act,1952, eligible employees of the company are entitled to receive benefits with respect to provident fund, a defined contribution plan in which both the company and the employee contribute monthly at a determined rate (currently 12% of employee's basic salary). Company's contribution to provident fund is charged to statement of profit and loss.

b) The Company has taken a Policy with Life Insurance Corporation of India for the payment of gratuity, a defined contribution plan and premium paid on the policy has been charged to statement of profit & loss in the year of payment.

Defined Benefit Plan

As per Leave encashment policy, are required to encash accumulated leave before the end of accounting year and accordingly form the part of expenses under the head Salaries and wages. However, liability towards leave encashment benefits in respect of unveiled leave at the end of their tenure is accounted on cash basis.

i) FOREIGN CURRENCY TRANSACTIONS

Transactions in foreign currency are recorded at the exchange rate prevailing on the date of the transaction. In case of liabilities incurred for the acquisition of fixed assets, the loss or gain on conversion (at the rate prevailing at the year end) is recognized as income or expenses in the statement of profit and loss. Current assets and liabilities (other than those relating to fixed assets) are restated at the rate prevailing at the year end. The difference between the year end rate and the exchange rate at the date of the transaction is recognized as income or expense in the statement of profit and loss.

j) TAXATION

Current tax is determined as the amount of tax payable in respect of taxable income for the year. recognised, subject to the consideration of prudence in respect of deferred tax assets, on timing between taxable income and accounting income that originate in one period and are capable of reversal in one or periods except for carried forward losses, which are recognized only if there is virtual certain their

k) REVENUE RECOGNITION

Income from car rental is recognized when service rendered and in accordance with agreement wherever applicable and other income is accounted on accrual basis. Insurance claims are accounted for on the claims admitted / expected to be admitted and to the extent that there is no uncertainty in receiving

l) IMPAIRMENT

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment loss is charged to the Profit and Loss Statement in the year in which an asset is identified as impaired. The impairment loss recognised in prior accounting period is reversed if there has been a change in the estimate of recoverable amount.

m) PROVISIONS AND CONTINGENT LIABILITIES

A provision is recognized when there is a present obligation as a result of past events for which it is probable that an outflow of resources will be required to settle the obligation and in respect of which a reliable estimate can be made. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are disclosed after an evaluation of the facts and legal aspects of the matters involved.