Sparc Electrex Ltd. कंपली की लेखा नीति

Mar 31, 2025

B. SIGNIFICANT ACCOUNTING POLICIES:

1 Basis of preparation and presentation

"These financial statements have been prepared in accordance with Indian Accounting standards (hereinafter referred to as the
''Ind AS'') notified by the Ministry of Corporate Affairs under section 133 of the Companies Act, 2013 (''Act'') read with Rule 3 of
the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and the relevant provisions of the Act.

Accordingly, the Company has prepared these Financial Statements which comprise the Balance Sheet as at 31 March, 2025, the
Statement of Profit and Loss for the year ended 31 March 2025, the Statement of Cash Flows for the year ended 31 March 2025
and the Statement of Changes in Equity for the year ended as on that date, and accounting policies and other explanatory
information (together hereinafter referred to as ''financial statements'').

These Financial Statements were approved by the Board of Directors and authorised for issue on, 30^th May 2025.

The financial statements have been prepared on an accrual system, based on the principle of going concern and under the
historical cost convention, unless otherwise stated.

The Financial Statements have been presented in Indian Rupees (INR), which is the Company''s functional currency. All financial
information presented in INR has been rounded off to the nearest rupee, unless otherwise stated.

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."

C. USE OF ESTIMATES:

The preparation of the financial statements, in conformity with the Ind AS, requires the management to make estimates and
assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities and disclosure of
contingent liabilities as at the date of financial statements and the results of operation during the reported period. Although
these estimates are based upon management''s best knowledge of current events and actions, actual results could differ from
these estimates which are recognised in the period in which they are determined.

(i) Estimates and assumptions:

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
The Company based its assumptions and estimates on parameters available when the financial statements were prepared.
Existing circumstances and assumptions about future developments, however, may change due to market changes or
circumstances arising that are beyond the control of the Company. Such changes are reflected in the financial statements in the
period in which changes are made and, if material, their effects are disclosed in the notes to the financial statements.

(ii) Deferred tax assets:

In assessing the realisability of deferred income tax assets, management considers whether some portion or all of the deferred
income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of
future taxable income during the periods in which the temporary differences become deductible. Management considers the
scheduled reversals of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this
assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which
the deferred income tax assets are deductible, management believes that the Company will not recognize Deferred tax asset
since it is not probable that taxable profit will be available in future against which the deductible temporary difference can be
utilised.

(iii) Provisions

Provisions and liabilities are recognised in the period when it becomes probable that there will be a future outflow of funds
resulting from past operations or events and the amount of cash flow can be realiably estimated .The timing of recognition and
quantification of the liability require application of judgement to the existing facts and circumstances which can be subject to
change. The carrying amounts of provisions and liabilities are reviewed regularly and revised to take account of changing the
facts and circumstances.

D. PROPERTY, PLANT AND EQUIPMENT:

(i) Tangible Assets

"Property, Plant and Equipment are stated at cost of acquisition including attributable interest and finance costs, if any, till the
date of acquisition/ installation of the assets less accumulated depreciation and accumulated impairment losses, if any.
Subsequent expenditure relating to Property, Plant and Equipment is capitalised 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. All other repairs
and maintenance costs are charged to the Statement of Profit and Loss as incurred. The cost and related accumulated
depreciation are eliminated from the financial statements, either on disposal or when retired from active use and the resultant
gain or loss are recognised in the Statement of Profit and Loss.

Capital work-in-progress, representing expenditure incurred in respect of assets under development and not ready for their
intended use, are carried at cost. Cost includes related acquisition expenses, construction cost, related borrowing cost and other
direct expenditure."

(ii) Intangible Assets

Intangible assets includes software which are not integral part of the hardware are stated at cost less accumulated amortisation.
Intangible assets under development represents expenditure incurred in respect of software under development and are carried
at cost.

Assets acquired but not ready for use are classified under Capital work-in-progress or intangible assets under development, as
the case may be.

E. DEPRECIATION AND AMORTISATION:

The depreciation on Fixed Assets is provided on straight line method, in accordance with the Schedule II to the companies Act,
2013. The depreciation on Assets added during the year has been provided on pro-rata basis with reference to the date on which
the assets were put to use. No depreciation has been provided on the fixed assets, which have not been put to use during the
year end.

F. FINANCIAL INSTRUMENTS:

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument
of another entity.

(i) Financial Assets

Initial Recognition

In the case of financial assets not recorded at fair value through profit or loss (FVPL), financial assets are recognised initially at
fair value plus transaction costs that are directly attributable to the acquisition of the financial asset. Purchases or sales of
financial assets that require delivery of assets within a time frame established by regulation or convention in the market place
(regular way trades) are recognised on the trade date, i.e., the date that the Company commits to purchase or sell the asset.

Subsequent Measurement

For purposes of subsequent measurement, financial assets are classified in following categories:

Financial Assets at Amortised Cost (AC)

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business model with an
objective to hold these assets in order to collect contractual cash flows and the contractual terms of the financial asset give rise
on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Interest
income from these financial assets is included in finance income using the effective interest rate ("EIR") method. Impairment
gains or losses arising on these assets are recognised in the Statement of Profit and Loss.

Financial Assets Measured at Fair Value

"Financial assets are measured at fair value through OCI if these financial assets are held within a business model with an
objective to hold these assets in order to collect contractual cash flows or to sell these financial assets and the contractual terms
of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal
amount outstanding. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains
or losses, interest revenue and foreign exchange gains and losses which are recognised in the Statement of Profit and Loss.

Financial asset not measured at amortised cost or at fair value through OCI is carried at FVTPL."

G. IMPAIRMENT OF FINANCIAL ASSETS:

"In accordance with Ind AS 109, the Company applies the Expected Credit Loss (""ECL"") model for measurement and
recognition of impairment loss on financial assets and credit risk exposures.

The Company follows ''simplified approach'' for recognition of impairment loss allowance on trade receivables. Simplified
approach does not require the Company to track changes in credit risk. Rather, it recognises impairment loss allowance based on
lifetime ECL at each reporting date, right from its initial recognition.

For recognition of impairment loss on other financial assets and risk exposure, the Company determines that whether there has
been a significant increase in the credit risk since initial recognition. If credit risk has not increased significantly, 12-month ECL
is used to provide for impairment loss. However, if credit risk has increased significantly, lifetime ECL is used. If, in a subsequent
period, credit quality of the instrument improves such that there is no longer a significant increase in credit risk since initial
recognition, then the entity reverts to recognising impairment loss allowance based on 12-month ECL.

ECL is the difference between all contractual cash flows that are due to the group in accordance with the contract and all the cash
flows that the entity expects to receive (i.e., all cash shortfalls), discounted at the original EIR. Lifetime ECL are the expected
credit losses resulting from all possible default events over the expected life of a financial instrument. The 12-month ECL is a
portion of the lifetime ECL which results from default events that are possible within 12 months after the reporting date.

ECL impairment loss allowance (or reversal) recognised during the period is recognised as income/ expense in the Statement of
Profit and Loss."

H. DE-RECOGNITION OF FINANCIAL ASSETS:

"The Company de-recognises a financial asset only when the contractual rights to the cash flows from the asset expire, or it
transfers the financial asset and substantially all risks and rewards of ownership of the asset to another entity.

If the Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the
transferred asset, the Company recognizes its retained interest in the assets and an associated liability for amounts it may have
to pay.

If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset, the Company
continues to recognise the financial asset and also recognises a collateralised borrowing for the proceeds received."

b) Equity Instruments and Financial Liabilities

Financial liabilities and equity instruments issued by the Company are classified according to the substance of the contractual
arrangements entered into and the definitions of a financial liability and an equity instrument.

Equity Instruments

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its
liabilities. Equity instruments which are issued for cash are recorded at the proceeds received, net of direct issue costs. Equity
instruments which are issued for consideration other than cash are recorded at fair value of the equity instrument.

I. FINANCIAL LIABILITIES:

(i) Initial Recognition

Financial liabilities are classified, at initial recognition, as financial liabilities at FVPL, loans and borrowings and payables as
appropriate. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables,
net of directly attributable transaction costs.

(ii) Subsequent Measurement

The measurement of financial liabilities depends on their classification, as described below.

Financial liabilities at FVPL

Financial liabilities at FVPL include financial liabilities held for trading and financial liabilities designated upon initial recognition
as at FVPL. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near
term. Gains or losses on liabilities held for trading are recognised in the Statement of Profit and Loss.

Financial guarantee contracts issued by the Company are those contracts that require a payment to be made to reimburse the
holder for a loss it incurs because the specified debtor fails to make a payment when due in accordance with the terms of a debt
instrument. Financial guarantee contracts are recognised initially as a liability at fair value, adjusted for transaction costs that
are directly attributable to the issuance of the guarantee. Subsequently, the liability is measured at the higher of the amount of
loss allowance determined as per impairment requirements of Ind AS 109 and the amount recognised less cumulative
amortisation. Amortisation is recognised as finance income in the Statement of Profit and Loss.

Financial liabilities at amortised cost

"After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR
method. Any difference between the proceeds (net of transaction costs) and the settlement or redemption of borrowings is
recognised over the term of the borrowings in the Statement of Profit and Loss.

Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral
part of the EIR. The EIR amortisation is included as finance costs in the Statement of Profit and Loss."

(iii) De-recognition of Financial Liabilities

Financial liabilities are de-recognised when the obligation specified in the contract is discharged, cancelled or expired. When an
existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an
existing liability are substantially modified, such an exchange or modification is treated as de-recognition of the original liability
and recognition of a new liability. The difference in the respective carrying amounts is recognised in the Statement of Profit and
Loss.

(iv) Offsetting Financial Instruments

Financial assets and financial liabilities are offset and the net amount is reported in the Balance Sheet if there is a curre ntly
enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis to realise the assets and
settle the liabilities simultaneously.

J. IMPAIRMENT OF NON-FINANCIAL ASSETS:

As at each Balance Sheet date, the Company assesses whether there is an indication that a non-financial asset may be impaired
and also whether there is an indication of reversal of impairment loss recognised in the previous periods. If any indication exists,
or when annual impairment testing for an asset is required, the Company determines the recoverable amount and impairment
loss is recognised when the carrying amount of an asset exceeds its recoverable amount.

Recoverable amount is determined:

- In case of an individual asset, at the higher of the assets'' fair value less cost to sell and value in use; and

- In case of cash generating unit (a group of assets that generates identified, independent cash flows), at the higher of cash
generating unit''s fair value less cost to sell and value in use.

In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rate that
reflects current market assessments of the time value of money and risk specified to the asset. In determining fair value less cost
to sell, recent market transactions are taken into account. If no such transaction can be identified, an appropriate valuation
model is used.

"Impairment losses of continuing operations, including impairment on inventories, are recognised in the Statement of Profit and
Loss, except for properties previously revalued with the revaluation taken to OCI. For such properties, the impairment is
recognised in OCI up to the amount of any previous revaluation.

When the Company considers that there are no realistic prospects of recovery of the asset, the relevant amounts are written off.
If the amount of impairment loss subsequently decreases and the decrease can be related objectively to an event occurring after
the impairment was recognised, then the previously recognised impairment loss is reversed through the Statement of Profit and
Loss."

K. TRADE RECEIVABLES:

A receivable is classified as a ''trade receivable'' if it is in respect of the amount due on account of goods sold or services rendered
in the normal course of business. Trade receivables are recognised initially at fair value and subsequently measured at amortised
cost using the EIR method, less provision for impairment.

L. TRADE PAYABLES:

A payable is classified as a ''trade payable'' if it is in respect of the amount due on account of goods purchased or services received
in the normal course of business. These amounts represent liabilities for goods and services provided to the Company prior to
the end of the financial year which are unpaid. These amounts are unsecured and are usually settled as per the payment terms
stated in the contract. Trade and other payables are presented as current liabilities unless payment is not due within 12 months
after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using
the EIR method.

M. EARNINGS PER SHARE:

Basic earnings per share is computed by dividing the net profit or loss for the period attributable to the equity shareholders of
the Company by the weighted average number of equity shares outstanding during the period. The weighted average number of
equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other than

the conversion of potential equity shares that have changed the number of equity shares outstanding, without a corresponding
change in resources.

Diluted earnings per share is computed by dividing the net profit or loss for the period attributable to the equity shareholders of
the Company and weighted average number of equity shares considered for deriving basic earnings per equity share and also the
weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares.
The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair
value (i.e. the average market value of the outstanding equity shares).

N. CASH AND CASH EQUIVALENTS:

Cash and cash equivalents in the Balance Sheet comprises of cash at banks and on hand and short-term deposits with an original
maturity of three month or less, which are subject to an insignificant risk of changes in value.

O. BORROWING COSTS:

"Borrowing costs consist of interest and other costs that the Company incurs in connection with the borrowing of funds. Also, the
EIR amortisation is included in finance costs.

Borrowing costs relating to acquisition, construction or production of a qualifying asset which takes substantial period of time to
get ready for its intended use are added to the cost of such asset to the extent they relate to the period till such assets are ready
to be put to use. All other borrowing costs are expensed in the Statement of Profit and Loss in the period in which they occur. "

P. REVENUE RECOGNITION:

i) Revenue is recognized when all significant risks and rewards of ownership of the goods are passed on to the buyer and no
significant uncertainty exists as to its realization or collection.

ii) Revenue from sale of good is recognized on delivery of the products, when all significant contractual obligation have been
satisfied, the property in the goods is transferred for a price, significant risks, reward and no effective control.

iii) Interest Income is recognized on a time proportion basis by reference to the principal outstanding and at the interest rate
applicable.

Q. FOREIGN CURRENCY TRANSACTIONS:

a. Initial Recognition

Foreign currency transactions are initially recorded in the reporting currency, by applying to the foreign currency amount the
exchange rate between the reporting currency and the foreign currency at the date of the transaction. However, for practical
reasons, the Company uses a monthly average rate if the average rate approximate the actual rate at the date of the transactions.

b. Conversion

Monetary assets and liabilities denominated in foreign currencies are reported using the closing rate at the reporting date. Non¬
monetary items which are carried in terms of historical cost denominated in a foreign currency are reported using the exchange
rate at the date of the transaction.

c. Treatment of Exchange Difference

Exchange differences arising on settlement/ restatement of short-term foreign currency monetary assets and liabilities of the
Company are recognised as income or expense in the Statement of Profit and Loss except those arising from investment in Non¬
Integral operations.

R. INVENTORIES:

Inventories are valued at cost or net realizable value whichever is lower. Cost of property under construction held as inventory
includes cost of purchases, construction cost, and other cost incurred in bringing the properties to their present location and
condition

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Mar 31, 2024

B. SIGNIFICANT ACCOUNTING POLICIES:

1 Basis of preparation and presentation

"These financial statements have been prepared in accordance with Indian Accounting standards (hereinafter referred to as the
''Ind AS'') notified by the Ministry of Corporate Affairs under section 133 of the Companies Act, 2013 (''Act'') read with Rule 3 of
the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and the relevant provisions of the Act.

Accordingly, the Company has prepared these Financial Statements which comprise the Balance Sheet as at 31 March, 2024, the
Statement of Profit and Loss for the year ended 31 March 2024, the Statement of Cash Flows for the year ended 31 March 2024
and the Statement of Changes in Equity for the year ended as on that date, and accounting policies and other explanatory
information (together hereinafter referred to as ''financial statements'').

These Financial Statements were approved by the Board of Directors and authorised for issue on, May 2024.

The financial statements have been prepared on an accrual system, based on the principle of going concern and under the
historical cost convention, unless otherwise stated.

The Financial Statements have been presented in Indian Rupees (INR), which is the Company''s functional currency. All financial
information presented in INR has been rounded off to the nearest rupee, unless otherwise stated.

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."

C. USE OF ESTIMATES:

The preparation of the financial statements, in conformity with the Ind AS, requires the management to make estimates and
assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities and disclosure of
contingent liabilities as at the date of financial statements and the results of operation during the reported period. Although
these estimates are based upon management''s best knowledge of current events and actions, actual results could differ from
these estimates which are recognised in the period in which they are determined.

(i) Estimates and assumptions:

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
The Company based its assumptions and estimates on parameters available when the financial statements were prepared.
Existing circumstances and assumptions about future developments, however, may change due to market changes or
circumstances arising that are beyond the control of the Company. Such changes are reflected in the financial statements in the
period in which changes are made and, if material, their effects are disclosed in the notes to the financial statements.

(ii) Deferred tax assets:

In assessing the realisability of deferred income tax assets, management considers whether some portion or all of the deferred
income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generati on of
future taxable income during the periods in which the temporary differences become deductible. Management considers the
scheduled reversals of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this
assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which
the deferred income tax assets are deductible, management believes that the Company will not recognize Deferred tax asset
since it is not probable that taxable profit will be available in future against which the deductible temporary difference can be
utilised.

(iii) Provisions

Provisions and liabilities are recognised in the period when it becomes probable that there will be a future outflow of funds
resulting from past operations or events and the amount of cash flow can be realiably estimated .The timing of recognition and
quantification of the liability require application of judgement to the existing facts and circumstances which can be subject to
change. The carrying amounts of provisions and liabilities are reviewed regularly and revised to take account of changing the
facts and circumstances.

D. PROPERTY. PLANT AND EQUIPMENT:

(i) Tangible Assets

"Property, Plant and Equipment are stated at cost of acquisition including attributable interest and finance costs, if any, till the
date of acquisition/ installation of the assets less accumulated depreciation and accumulated impairment losses, if any.
Subsequent expenditure relating to Property, Plant and Equipment is capitalised 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. All other repairs
and maintenance costs are charged to the Statement of Profit and Loss as incurred. The cost and related accumulated
depreciation are eliminated from the financial statements, either on disposal or when retired from active use and the resultant
gain or loss are recognised in the Statement of Profit and Loss.

Capital work-in-progress, representing expenditure incurred in respect of assets under development and not ready for their
intended use, are carried at cost. Cost includes related acquisition expenses, construction cost, related borrowing cost and other
direct expenditure."

(ii) Intangible Assets

Intangible assets includes software which are not integral part of the hardware are stated at cost less accumulated amortisation.
Intangible assets under development represents expenditure incurred in respect of software under development and are carried
at cost.

Assets acquired but not ready for use are classified under Capital work-in-progress or intangible assets under development, as
the case may be.

E. DEPRECIATION AND AMORTISATION:

The depreciation on Fixed Assets is provided on straight line method, in accordance with the Schedule II to the companies Act,
2013. The depreciation on Assets added during the year has been provided on pro-rata basis with reference to the date on which
the assets were put to use. No depreciation has been provided on the fixed assets, which have not been put to use during the
year end.

F. FINANCIAL INSTRUMENTS:

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument
of another entity.

(i) Financial Assets

Initial Recognition

In the case of financial assets not recorded at fair value through profit or loss (FVPL), financial assets are recognised initially at
fair value plus transaction costs that are directly attributable to the acquisition of the financial asset. Purchases or sales of
financial assets that require delivery of assets within a time frame established by regulation or convention in the market place
(regular way trades) are recognised on the trade date, i.e., the date that the Company commits to purchase or sell the asset.

Subsequent Measurement

For purposes of subsequent measurement, financial assets are classified in following categories:

Financial Assets at Amortised Cost (AC)

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business model with an
objective to hold these assets in order to collect contractual cash flows and the contractual terms of the financial asset give rise
on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Interest
income from these financial assets is included in finance income using the effective interest rate ("EIR") method. Impairment
gains or losses arising on these assets are recognised in the Statement of Profit and Loss.

Financial Assets Measured at Fair Value

"Financial assets are measured at fair value through OCI if these financial assets are held within a business model with an
objective to hold these assets in order to collect contractual cash flows or to sell these financial assets and the contractual terms
of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal
amount outstanding. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains
or losses, interest revenue and foreign exchange gains and losses which are recognised in the Statement of Profit and Loss.

Financial asset not measured at amortised cost or at fair value through OCI is carried at FVTPL."

G. IMPAIRMENT OF FINANCIAL ASSETS:

"In accordance with Ind AS 109, the Company applies the expected credit loss (""ECL"") model for measurement and recognition
of impairment loss on financial assets and credit risk exposures.

The Company follows ''simplified approach'' for recognition of impairment loss allowance on trade receivables. Simplified
approach does not require the Company to track changes in credit risk. Rather, it recognises impairment loss allowance based on
lifetime ECL at each reporting date, right from its initial recognition.

For recognition of impairment loss on other financial assets and risk exposure, the Company determines that whether there has
been a significant increase in the credit risk since initial recognition. If credit risk has not increased significantly, 12-month ECL
is used to provide for impairment loss. However, if credit risk has increased significantly, lifetime ECL is used. If, in a subsequent
period, credit quality of the instrument improves such that there is no longer a significant increase in credit risk since initial
recognition, then the entity reverts to recognising impairment loss allowance based on 12-month ECL.

ECL is the difference between all contractual cash flows that are due to the group in accordance with the contract and all the cash
flows that the entity expects to receive (i.e., all cash shortfalls), discounted at the original EIR. Lifetime ECL are the expected
credit losses resulting from all possible default events over the expected life of a financial instrument. The 12-month ECL is a
portion of the lifetime ECL which results from default events that are possible within 12 months after the reporting date.

ECL impairment loss allowance (or reversal) recognised during the period is recognised as income/ expense in the Statement of
Profit and Loss."

H. DE-RECOGNITION OF FINANCIAL ASSETS:

"The Company de-recognises a financial asset only when the contractual rights to the cash flows from the asset expire, or it
transfers the financial asset and substantially all risks and rewards of ownership of the asset to another entity.

If the Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the
transferred asset, the Company recognizes its retained interest in the assets and an associated liability for amounts it may have
to pay.

If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset, the Company
continues to recognise the financial asset and also recognises a collateralised borrowing for the proceeds received."

b) Equity Instruments and Financial Liabilities

Financial liabilities and equity instruments issued by the Company are classified according to the substance of the contractual
arrangements entered into and the definitions of a financial liability and an equity instrument.

Equity Instruments

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its
liabilities. Equity instruments which are issued for cash are recorded at the proceeds received, net of direct issue costs. Equity
instruments which are issued for consideration other than cash are recorded at fair value of the equity instrument.

I. FINANCIAL LIABILITIES:

(i) Initial Recognition

Financial liabilities are classified, at initial recognition, as financial liabilities at FVPL, loans and borrowings and payables as
appropriate. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables,
net of directly attributable transaction costs.

(ii) Subsequent Measurement

The measurement of financial liabilities depends on their classification, as described below.

Financial liabilities at FVPL

Financial liabilities at FVPL include financial liabilities held for trading and financial liabilities designated upon initial recognition
as at FVPL. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near
term. Gains or losses on liabilities held for trading are recognised in the Statement of Profit and Loss.

Financial guarantee contracts issued by the Company are those contracts that require a payment to be made to reimburse the
holder for a loss it incurs because the specified debtor fails to make a payment when due in accordance with the terms of a debt
instrument. Financial guarantee contracts are recognised initially as a liability at fair value, adjusted for transaction costs that
are directly attributable to the issuance of the guarantee. Subsequently, the liability is measured at the higher of the amount of
loss allowance determined as per impairment requirements of Ind AS 109 and the amount recognised less cumulative
amortisation. Amortisation is recognised as finance income in the Statement of Profit and Loss.

Financial liabilities at amortised cost

"After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR
method. Any difference between the proceeds (net of transaction costs) and the settlement or redemption of borrowings is
recognised over the term of the borrowings in the Statement of Profit and Loss.

Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral
part of the EIR. The EIR amortisation is included as finance costs in the Statement of Profit and Loss."

(iii) De-recognition of Financial Liabilities

Financial liabilities are de-recognised when the obligation specified in the contract is discharged, cancelled or expired. When an
existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an
existing liability are substantially modified, such an exchange or modification is treated as de-recognition of the original liability
and recognition of a new liability. The difference in the respective carrying amounts is recognised in the Statement of Profit and
Loss.

(iv) Offsetting Financial Instruments

Financial assets and financial liabilities are offset and the net amount is reported in the Balance Sheet if there is a currently
enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis to realise the assets and
settle the liabilities simultaneously.

J. IMPAIRMENT OF NON-FINANCIAL ASSETS:

As at each Balance Sheet date, the Company assesses whether there is an indication that a non-financial asset may be impaired
and also whether there is an indication of reversal of impairment loss recognised in the previous periods. If any indication exists,
or when annual impairment testing for an asset is required, the Company determines the recoverable amount and impairment
loss is recognised when the carrying amount of an asset exceeds its recoverable amount.

Recoverable amount is determined:

- In case of an individual asset, at the higher of the assets'' fair value less cost to sell and value in use; and

- In case of cash generating unit (a group of assets that generates identified, independent cash flows), at the higher of cash
generating unit''s fair value less cost to sell and value in use.

In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rate that
reflects current market assessments of the time value of money and risk specified to the asset. In determining fair value less cost
to sell, recent market transactions are taken into account. If no such transaction can be identified, an appropriate valuation
model is used.

"Impairment losses of continuing operations, including impairment on inventories, are recognised in the Statement of Profit and
Loss, except for properties previously revalued with the revaluation taken to OCI. For such properties, the impairment is
recognised in OCI up to the amount of any previous revaluation.

When the Company considers that there are no realistic prospects of recovery of the asset, the relevant amounts are written off.
If the amount of impairment loss subsequently decreases and the decrease can be related objectively to an event occurring after
the impairment was recognised, then the previously recognised impairment loss is reversed through the Statement of Profit and
Loss."

K. TRADE RECEIVABLES:

A receivable is classified as a ''trade receivable'' if it is in respect of the amount due on account of goods sold or services rendered
in the normal course of business. Trade receivables are recognised initially at fair value and subsequently measured at amortised
cost using the EIR method, less provision for impairment.

L. TRADE PAYABLES:

A payable is classified as a ''trade payable'' if it is in respect of the amount due on account of goods purchased or services re ceived
in the normal course of business. These amounts represent liabilities for goods and services provided to the Company prior to
the end of the financial year which are unpaid. These amounts are unsecured and are usually settled as per the payment terms
stated in the contract. Trade and other payables are presented as current liabilities unless payment is not due within 12 months
after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using
the EIR method.

M. EARNINGS PER SHARE:

Basic earnings per share is computed by dividing the net profit or loss for the period attributable to the equity shareholders of
the Company by the weighted average number of equity shares outstanding during the period. The weighted average number of
equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other than

the conversion of potential equity shares that have changed the number of equity shares outstanding, without a corresponding
change in resources.

Diluted earnings per share is computed by dividing the net profit or loss for the period attributable to the equity shareholders of
the Company and weighted average number of equity shares considered for deriving basic earnings per equity share and also the
weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares.
The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair
value (i.e. the average market value of the outstanding equity shares).

N. CASH AND CASH EQUIVALENTS:

Cash and cash equivalents in the Balance Sheet comprises of cash at banks and on hand and short-term deposits with an original
maturity of three month or less, which are subject to an insignificant risk of changes in value.

O. BORROWING COSTS:

"Borrowing costs consist of interest and other costs that the Company incurs in connection with the borrowing of funds. Also, the
EIR amortisation is included in finance costs.

Borrowing costs relating to acquisition, construction or production of a qualifying asset which takes substantial period of time to
get ready for its intended use are added to the cost of such asset to the extent they relate to the period till such assets are ready
to be put to use. All other borrowing costs are expensed in the Statement of Profit and Loss in the period in which they occur. "

P. REVENUE RECOGNITION:

i) Revenue is recognized when all significant risks and rewards of ownership of the goods are passed on to the buyer and no
significant uncertainty exists as to its realization or collection.

ii) Revenue from sale of good is recognized on delivery of the products, when all significant contractual obligation have been
satisfied, the property in the goods is transferred for a price, significant risks, reward and no effective control.

iii) Interest Income is recognized on a time proportion basis by reference to the principal outstanding and at the interest rate
applicable.

Q. FOREIGN CURRENCY TRANSACTIONS:

a. Initial Recognition

Foreign currency transactions are initially recorded in the reporting currency, by applying to the foreign currency amount the
exchange rate between the reporting currency and the foreign currency at the date of the transaction. However, for practical
reasons, the Company uses a monthly average rate if the average rate approximate the actual rate at the date of the transactions.

b. Conversion

Monetary assets and liabilities denominated in foreign currencies are reported using the closing rate at the reporting date. Non¬
monetary items which are carried in terms of historical cost denominated in a foreign currency are reported using the exchange
rate at the date of the transaction.

c. Treatment of Exchange Difference

Exchange differences arising on settlement/ restatement of short-term foreign currency monetary assets and liabilities of the
Company are recognised as income or expense in the Statement of Profit and Loss except those arising from investment in Non¬
Integral operations.

R. INVENTORIES:

Inventories are valued at cost or net realizable value whichever is lower. Cost of property under construction held as inventory
includes cost of purchases, construction cost, and other cost incurred in bringing the properties to their present location and
condition

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Mar 31, 2014

A. Basis & Method of Accounting

The financial statements have been prepared on accrual basis under historical cost convention in accordance with generally accepted accounting principles in India and the provision of the Companies Act,1956.

b. Use of Estimates

The preparation of financial statements is conformity with generally accepted accounting principles requires the management to make estimates and assumptions that effects the reported balances of assets and liabilities as of the date of financial statement and reported amount of income and expenses during the period management believe that the estimates used in the preparation of financial statements are prudent and reasonable. Actual results could differ from the Estimates.

c. Fixed Assets

Fixed Assets are stated at cost of acquisition or construction inclusive of capitalization of all costs incurred till the commencement of commercial production.

d. Impairment of Assets

The carrying amount of assets are reviewed at each Balance Sheet date, if there is any indication of impairment based on internal / external factors. An asset is impaired when the carrying amount of the asset exceed the recoverable amount. An impairment loss is charged to the Statement of Profit and Loss in the year in which the asset is identified as being impaired.

e. Depreciation

The depreciation on Fixed Assets is provided on straight line method, in accordance with the Schedule XIV to the Companies Act, 1956. The depreciation on Assets added during the year has been provided on pro-rata basis with reference to the date on which the assets were put to use. No depreciation has been provided on the fixed assets, which have not been put to use during the year.

f. Revenue recognition

Sales represent invoice value of goods supplied and service rendered, including Sales Tax applicable and are net of rate difference and goods returned.

g. Inventories

Inventories are valued at cost or net realizable value whichever is lower. The cost is worked out on weighted average basis.

h. Research and Development Expenses

Expenditure relating to capital items is debited to fixed assets and depreciated at applicable rates. Revenue expenses are charged to the Statement of Profit & Loss of the year.

i. Retirement Benefits

Retirement benefits are given as per term & condition of contract with employee. Short term employee''s benefits are recognized at the undiscounted amount in the profit and loss account.

j. Taxation

Income-tax expenses comprises current tax and deferred tax charge or credit. The deferred tax asset and deferred tax liability is calculated by applying tax rate and tax laws that have been enacted or substantially enacted by the Balance Sheet date. Deferred tax assets arising mainly on account of brought forward losses and unabsorbed depreciation under tax laws, are recognized, only if there is a virtual certainty of its realization, supported by convincing evidence. Deferred tax assets on account of other timing differences are recognized only to the extent there is a reasonable certainty of its realization. At each Balance Sheet date, the carrying amount of deferred tax assets is reviewed to reassure realization.

k. Earning per Share

The earnings considered in ascertaining the Company''s EPS are computed as per Accounting Standard 20 on "Earning Per Share", issued by the Institute of Chartered Accountants of India. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the period. The diluted EPS is calculated on the same basis as basic EPS, after adjusting for the effects of potential dilutive equity shares unless the effect of the potential dilutive equity shares is anti- dilutive.

l. Segment Reporting

The Company is engaged in the Office Automation and Security Systems and Services thereof being a single segment hence disclosure as requirements of Accounting Standard AS-17 issued by the Institute of Chartered Accountants of India is not applicable.

m. Other Accounting policies

These are consistent with generally accepted accounting practices.

(b) Term & right attached to Equity Shares

The Company has only one class of Equity Shares having a par value of Rs.10/- per share. Each holder of Equity Share is entitled to one vote per share. In the event of liquidation, a shareholder will be entitled to receive remaining assets of the Company after distribution of all preferential amount. The distribution will be in proportion to the Equity Share held by the share holder.

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Mar 31, 2012

A. Basis & Method of Accounting

The financial statements have been prepared on accrual basis under historical cost convention in accordance with generally accepted accounting principles in India and the provision of the Companies Act,1956.

b. Use of Estimates

The preparation of financial statements is conformity with generally accepted accounting principles requires the management to make estimates and assumptions that effects the reported balances of assets and liabilities as of the date of financial statement and reported amount of income and expenses during the period management believe that the estimates used in the preparation of financial statements are prudent and reasonable. Actual results could differ from the Estimates.

c. Fixed Assets

Fixed Assets are stated at cost of acquisition or construction inclusive of capitalization of all costs incurred till the commencement of commercial production.

d. Impairment of Assets

The carrying amount of assets are reviewed at each Balance Sheet date, if there is any indication of impairment based on internal / external factors. An asset is impaired when the carrying amount of the asset exceed the recoverable amount. An impairment loss is charged to the Statement of Profit and Loss in the year in which the asset is identified as being impaired.

e. Depreciation

The depreciation on Fixed Assets is provided on straight line method, in accordance with the Schedule XIV to the Companies Act, 1956. The depreciation on Assets added during the year has been provided on pro-rata basis with reference to the date on which the assets were put to use. No depreciation has been provided on the fixed assets, which have not been put to use during the year.

f. Investments

The long term investments (unquoted) are stated at cost. The income from investments is accounted for when received.

g. Revenue recognition

Sales represent invoice value of goods supplied and service rendered, including Sales Tax applicable and are net of rate difference and goods returned.

h. Inventories

Inventories are valued at cost or net realizable value whichever is lower. The cost is worked out on weighted average basis.

i. Research and Development Expenses

Expenditure relating to capital items is debited to fixed assets and depreciated at applicable rates. Revenue expenses are charged to the Statement of Profit & Loss of the year.

j. Retirement Benefits

No provisions has been made for payment of gratuity since it is not yet applicable. Leave encashment benefits have been charged to Statement of Profit & Loss.

k. Borrowing Cost

Borrowing costs that are attributable to acquisition or construction of qualifying assets are capitalized as a part of the cost of such asset. A Qualifying asset is one that necessarily takes a substantial period of time to get ready for intended use. All other borrowing costs are charged to the Statement of Profit & Loss.

l. Taxation

Income–tax expenses comprises current tax and deferred tax charge or credit. The deferred tax asset and deferred tax liability is calculated by applying tax rate and tax laws that have been enacted or substantially enacted by the Balance Sheet date. Deferred tax assets arising mainly on account of brought forward losses and unabsorbed depreciation under tax laws, are recognized, only if there is a virtual certainty of its realization, supported by convincing evidence. Deferred tax assets on account of other timing differences are recognized only to the extent there is a reasonable certainty of its realization. At each Balance Sheet date, the carrying amount of deferred tax assets is reviewed to reassure realization.

m. Earning per share

The earnings considered in ascertaining the Company’s EPS are computed as per Accounting Standard 20 on “Earning Per Share", issued by the Institute of Chartered Accountants of India. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the period. The diluted EPS is calculated on the same basis as basic EPS, after adjusting for the effects of potential dilutive equity shares unless the effect of the potential dilutive equity shares is anti- dilutive.

n. Segment Reporting

The Company is engaged in the Office automation and Security Systems and Services thereof being a single segment hence disclosure as requirements of Accounting Standard AS-17 issued by the Institute of Chartered Accountants of India is not applicable.

o. Miscellaneous Expenditure

There is no miscellaneous expenditure for the year.

p. Other Accounting policies

These are consistent with generally accepted accounting practices.

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Mar 31, 2011

A. Basis & Method of Accounting

The financial statements have been prepared on accrual basis under historical cost convention in accordance with generally accepted accounting principles in India and the provisions of the Companies Act,1956.

b. Use of Estimates

The preparation of financial statements is conformity with generally accepted accounting principles requires the management to make estimates and assumptions that effects the reported balances of assets and liabilities as of the date of financial statement and reported amount of income and expenses during the period management believe that the estimates used in the preparation of financial statements are prudent and reasonable. Actual results could differ from the estimates.

c. Fixed Assets

Fixed Assets are stated at cost of acquisition or construction inclusive of capitalization of all costs incurred till the commencement of commercial production.

d. Impairment of Assets

The carrying amount of assets are reviewed at each Balance Sheet date, if there is any indication of impairment based on internal / external factors. An asset is impaired when the carrying amount of the asset exceed the recoverable amount. An impairment loss is charged to the Profit and Loss Account in the year in which the asset is identified as being impaired.

e. Depreciation

The depreciation on Fixed Assets is provided on straight line method, in accordance with the Schedule XIV to the Companies Act, 1956. The depreciation on Assets added during the year has been provided on pro- rata basis with reference to the date on which the assets were put to use. No depreciation has been provided on the fixed assets, which have not been put to use during the year.

f. Investments

The long term investments (unquoted) are stated at cost. The income from investments is accounted for when received.

g. Revenue recognition

Sales represent invoice value of goods supplied and service rendered, including Sales Tax applicable and are net of rate difference and goods returned.

h. Inventories

Inventories are valued at cost or net realizable value whichever is lower. The cost is worked out on weighted average basis.

i. Research and Development Expenses

Expenditure relating to capital items is debited to fixed assets and depreciated at applicable rates. Revenue expenses are charged to Profit & Loss Account of the year.

j. Retirement Benefits

No provisions has been made for payment of gratuity since it is not yet applicable. Leave encashment benefits have been charged to Profit & Loss Account.

k. Borrowing Cost

Borrowing costs that are attributable to acquisition or construction of qualifying assets are capitalized as a part of the cost of such asset. A Qualifying asset is one that necessarily takes a substantial period of time to get ready for intended use. All other borrowing costs are charged to Profit & Loss Account.

l. Taxation

Income-tax expenses comprises current tax and deferred tax charge or credit. The deferred tax asset and deferred tax liability is calculated by applying tax rate and tax laws that have been enacted or substantially enacted by the Balance Sheet date. Deferred tax assets arising mainly on account of brought forward losses and unabsorbed depreciation under tax laws, are recognized, only if there is a virtual certainty of its realization, supported by convincing evidence. Deferred tax assets on account of other timing differences are recognized only to the extent there is a reasonable certainty of its realization. At each Balance Sheet date, the carrying amount of deferred tax assets is reviewed to reassure realization.

m. Earning per share

The earnings considered in ascertaining the Company’s EPS are computed as per Accounting Standard 20 on "Earning Per Share”, issued by the Institute of Chartered Accountants of India. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the period. The diluted EPS is calculated on the same basis as basic EPS, after adjusting for the effects of potential dilutive equity shares unless the effect of the potential dilutive equity shares is anti-dilutive.

n. Segment Reporting

The Company is engaged in the Office automation and security system and services thereof being a single segment hence disclosure as requirements of Accounting Standard AS-17 issued by the Institute of Chartered Accountants of India is not applicable.

o. Miscellaneous Expenditure

There is no miscellaneous expenditure for the year.

p. Other Accounting policies

These are consistent with generally accepted accounting practices.

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Mar 31, 2010

A. Basis & Method of Accounting

The financial statements have been prepared on accrual basis under historical cost convention in accordance with generally accepted accounting principles in India and the prfovision of the Companies Act,1956.

b. Use of Estimates

The preparation of financial statements is conformity with generally accepted accounting principles requires the management to make estimates and assumptions that effects the reported balances of assets and liabilities as of the date of financial statement and reported amount of income and expenses during the period management believe that the estimates used in the preparation of financial statements are prudent and reasonable. Actual results could differ from the estimates.

c. Fixed Assets

Fixed Assets are stated at cost of acquisition or construction inclusive of capitalization of all costs incurred till the commencement of commercial production.

d. Impairment of Assets

The carrying amount of assets are reviewed at each Balance Sheet date, if there is any indication of impairment based on internal / external factors. An asset is impaired when the carrying amount of the asset exceed the recoverable amount. An impairment loss is charged to the Profit and Loss Account in the year in which the asset is identified as being impaired.

e. Depreciation

The depreciation on Fixed Assets is provided on straight line method, in accordance with the Schedule XIV to the Companies Act, 1956. The depreciation on Assets added during the year has been provided on pro- rata basis with reference to the date on which the assets were put to use. No depreciation has been provided on the fixed assets, which have not been put to use during the year.

f. Investments

The long term investments (unquoted) are stated at cost. The income from investments is accounted for when received.

g. Revenue recognition

Sales represent invoice value of goods supplied and service rendered, including Sales Tax applicable and are net of rate difference and goods returned.

h. Inventories

Inventories are valued at cost or net realizable value whichever is lower. The cost is worked out on weighted average basis.

i. Research and Development Expenses

Expenditure relating to capital items is debited to fixed assets and depreciated at applicable rates. Revenue expenses are charged to Profit & Loss Account of the year.

j. Retirement Benefits

No provisions has been made for payment of gratuity since it is not yet applicable. Leave encashment benefits have been charged to Profit & Loss Account.

k. Borrowing Cost

Borrowing costs that are attributable to acquisition or construction of qualifying assets are capitalized as a part of the cost of such asset. A Qualifying asset is one that necessarily takes a substantial period of time to get ready for intended use. All other borrowing costs are charged to Profit & Loss Account.

I. Taxation

Income-tax expenses comprises current tax and deferred tax charge or credit. The deferred tax asset and deferred tax liability is calculated by applying tax rate and tax laws that have been enacted or substantially enacted by the Balance Sheet date. Deferred tax assets arising mainly on account of brought forward losses and unabsorbed depreciation under tax laws, are recognized, only if there is a virtual certainty of its realization, supported by convincing evidence. Deferred tax assets on account of other timing differences are recognized only to the extent there is a reasonable certainty of its realization. At each Balance Sheet date, the carrying amount of deferred tax assets is reviewed to reassure realization.

m. Earning per share

The earnings considered in ascertaining the Companys EPS are computed as per Accounting Standard 2C on "Earning Per Share", issued by the Institute of Chartered Accountants of India. The number of share: used in computing basic EPS is the weighted average number of shares outstanding during the period. The diluted EPS is calculated on the same basis as basic EPS, after adjusting for the effects of potential dilutive equity shares unless the effect of the potential dilutive equity shares is anti-dilutive.

n. Segment Reporting

The Company is engaged in the Office automation and security system and services thereof being a singment segment hence disclosure as requirements of Accounting Standard AS-17 issued by the Institute o Chartered Accountants of India is not applicable.

o. Miscellaneous Expenditure

There is no miscellaneous expenditure for the year.

p. Other Accounting policies

These are consistent with generally accepted accounting practices.