SIGNIFICANT ACCOUNTING POLICIES to the financial statements for the year ended on 31st March 2015

a. General :

The Company follows the Mercantile System of Accounting and recognises Income & Expenditure on Accrual Basis. The financial statements of the Company have been brpared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP) to comply with the Accounting Standards specified under Section 133 of the Companies Act, 2013, read ith rule 7 of the Companies (Accounts) Rules 2014 and athe relevant provisions of the Companies Act, 2013 as applicable.

b. Revenue Recognition:

Revenue is recognised only when it can be reliably measured and it is reasonable to expect ultimate collection. Dividend income is recognized on receipt basis. Interest income is recognized on time proportion basis taking into account the amount outstanding and rate applicable. Sales are recognized on passing of ownership in shares.

c. Investments:

Investments have been valued at Cost. Provision for diminutions in the value is not considered unless such short fall is permanent in nature.

d. TAXATION:

Provision for current income tax is made on the taxable income using the applicable tax rates and tax laws.

Significant accounting policies form integral part of the financial Statements for the year ended on 31.03.2015 Signatures to Significant accounting Policies

In terms of our attached report of even date.

For S.K.RUNGTA & CO.

CHARTERED ACCOUNTANTS

FRN 308081E

(S.K.Rungta)

Proprietor

Membership No. 13860

(Rajeev Kothari) Managing Director DIN: 00147196

(Jitendra Kumar Goyal) Director

DIN: 00468744

(Sangita Agarwal) Company Secretary

Place : Kolkata

Date: 30.05.2015