B. Summary of Material Accounting Policies :

B.1. Basis of Preparation and Presentation of Financial Statements :

The financial statements of the Company have been prepared in accordance with the Generally
Accepted Accounting Principles in India (GAAP) to comply with the Accounting Standards
specified under Section 133 of the Companies Act, 2013 ("the Act"). The financial statements
have been prepared on accrual basis under the historical cost convention. Accounting policies
have been consistently applied except where a newly issued accounting standard is
initially adopted or a revision to an existing accounting standard requires a change in the
accounting policy hitherto in use.

Use of Estimates :

The preparation of the financial statements in conformity with GAAP requires that the
management of the Company makes estimates and assumptions that affect the reported
amounts of income and expenses of the year, the reported balances of assets and liabilities
and the disclosures relating to contingent liabilities as at the date of financial statements.
Examples of such estimates include the useful lives of tangible and intangible fixed assets,
provision for doubtful debts/advances, future obligations in respect of retirement benefit plans
etc. Future results could differ due to these estimates and the differences between the actual
results and estimates are recognized in the year in which the results are known/materialize.

B.2. Functional and Presentation Currency:

The financial Statements are presented in Indian Rupees which is also the Company's
functional currency. All amounts have been rounded off to the nearest Lakhs, except as
otherwise stated.

B.3. Cash Flow Statement :

Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary
items and tax is adjusted for the effects of transactions of non-cash nature and any deferrals
or accruals of past or future cash receipts or payments. The cash flows from operating,
investing and financing activities of the Company are segregated based on the available
information. Cash comprises cash on hand, demand deposits with banks. Cash equivalents

are short-term, highly liquid investments that are readily convertible into known amounts of
cash and which are subject to insignificant risk of changes in value.

B.5. Revenue Recognition :

Revenue is recognized to the extent that it is probable that the economic benefits will flow to
the Company and the revenue can be reliably measured. Interest income is recognized on
time proportion basis taking into account the amount outstanding and rate applicable.
Revenue from sale of services is recognized, net of trade discounts. Sales exclude indirect
taxes.

B.6. Property, Plant & Equipment :

Property, plant and equipment are carried at cost less accumulated depreciation and
impairment losses, if any. The cost of property, plant and equipment comprises its purchase
price net of any trade discounts and rebates, any import duties and other taxes (other than
those subsequently recoverable from the tax authorities), any directly attributable expenditure
on making the asset ready for its intended use, other incidental expenses and borrowings
costs attributable to acquisition of qualifying fixed assets 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.

An item of property, plant and equipment is derecognized upon disposal or when no future
economic benefits are expected to arise from the continued use of the asset. Any gain or loss
arising on the disposal or retirement of an item of property, plant and equipment is determined
as the difference between the sales proceeds and the carrying amount of the asset and is
recognized in profit and loss.

Depreciation Methods, Estimated Useful Life and Residual Value :

The Company depreciates its Property, Plant & Equipment over the useful life in the manner
prescribed in Schedule II to the Act. Depreciation is provided on pro-rata basis on written
down value method using the rates arrived on the basis of useful life of assets specified in
Part C of Schedule II to the Act except Computer Software on which depreciation is provided
on SLM method. Gains and losses on disposals are determined by comparing proceeds with
carrying amount. These are included in the Statement of Profit and Loss.

B.7. Intangible Assets :

Intangible assets acquired separately are measured at cost of acquisition. Intangible assets
are carried at cost less accumulated amortization and impairment losses, if any. The
amortization of an intangible assets with a finite useful life reflects the manner in which the
economic benefit is expected to be generated.

B.8. Retirement and Employee Benefits :

Short-term employee benefits are recognized as an expense at the undiscounted amount in
the Statement of Profit & Loss for the year in which the related service is rendered.

B.9. Borrowing Costs :

Borrowing cost includes interest, amortization of ancillary costs incurred in connection with
the arrangement of borrowings and exchange differences arising from foreign currency
borrowings to the extent they are regarded as an adjustment to the interest cost. Borrowing
costs directly attributable to the acquisition, construction or production of an asset that
necessarily takes a substantial year of time to get ready for its intended use or sale are
capitalized as part of the cost of the asset. All other Borrowing Costs are recognized in the
Statement of Profit & Loss in the year in which they are incurred.

B.10. Leases :

There is no assets taken by the Company on lease.

B.11. Earnings per Share :

Basic and diluted earnings per share are computed by dividing the net profit
attributable to equity shareholders for the year, by the weighted average number of equity
shares outstanding at the end of the year. There are no diluted potential equity shares.

B.12. Income Taxes :

Tax expenses comprise current and deferred tax. Current tax comprises Company's tax liability
for the current year as well as additional tax paid, if any, during the year in respect of earlier
years on receipt of demand from the authorities. For computation of taxable income under
the Income Tax Act, 1961, accrual basis of accounting has been adopted and consistently
followed by the Company. Deferred tax assets and liabilities are computed on the basis of
timing differences at the Balance Sheet date using the tax rate and tax laws that have been
enacted or substantially enacted by the Balance Sheet date.

Deferred tax assets are recognized based on management estimates of reasonable certainty
that sufficient taxable income will be available against which such deferred tax assets can be
realized. Unrecognized deferred tax assets of earlier years are re-assessed and recognized to
the extent that it has become reasonably certain that future taxable income will be available
against which such deferred tax assets can be realized.

B.13. Impairment of Assets :

The carrying values of assets/cash generating units at each balance sheet date are reviewed
for impairment, if any, indication of impairment exists. An impairment loss is recognized for
the amount by which the asset's carrying amount exceeds its recoverable amount, which is
the higher of fair value less costs of disposable and value in use. The value in use is arrived
at by discounting the future cash flows to their present value based on an appropriate discount
factor. When there is indication that an impairment loss recognized for an asset in earlier
accounting years no longer exists or may have decreased, such reversal of impairment loss is
recognized in the Statement of Profit and Loss, to the extent the amount was previously
charged to the Statement of Profit and Loss.