Yaan Enterprises Ltd. कंपली की लेखा नीति

Mar 31, 2025

C Material Accounting policies

A summary of the material accounting policies applied in the preparation of the financial statements are as given
below. These accounting policies have been applied consistently to all the periods presented in the financial
statements.

1 Property, Plant and Equipment

1.1 Initial Recognition and measurement

Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated
impairment losses (if any). Cost includes expenditure that is directly attributable to bringing the asset to the
location and condition necessary lor it to be capable of operating in the manner intended by the management.
Further the cost of assets not ready to use before each reporting date are disclosed under ''Capital Work in

1.2 Subsequent Costs

Subsequent expenditure is recognised as an increase in the carrying amount of the asset when it is probable that
the future economic benefits deriving from the cost incurred will flow to the enterprise and the cost of the item
can be measured reliably.

1.3 Depreciation

Assets are depreciated using written down value method over the estimated useful life of the asset as specified in
Part "C" of Schedule II of Companies Act, 2013 after retaining residual life of 5% of original cost Assets residual
values and useful lives are reviewed at each financial year end considering the physical condition of the assets.

1*4 De-recognition

An item of Property, Plant and Equipment is derecognized when no future economic benefits are expected from
their use or upon their disposal. Gams or losses on disposal/transfer/de-recognition of item of Property, Plant and
Equipment are determined as difference between net sale proceeds and the carrying amount of Property, Plant
and Equipment and is recognized in the Statement of Profit and Loss.

2 Intangible assets

Intangible assets purchased are measured at cost as of the date of acquisition, as applicable, less accumulated
amortisation and accumulated impairment, if any.

intangible assets are- amortised on a straight line basis over their estimated useful lives from the date that they are
available for use.

The estimated useful lives of the intangible assets and the amortisation period are reviewed at the end of each
financial year and the amortisation period is revised to reflect the changed pattern, if any. At present, the
estimate d use full live for'' Web porta I'' held as intangible asset by t he company is 10 yrs.

3 Inventories

inventories are valued at the lower of cost and net realizable value except scrap, which is valued at net realizable
value. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of
completion and the estimated costs necessary to make the sale. The cost of inventories comprises cost of
purchase, cost of conversion and other cost incurred in bringing the inventories to their respective present location
and condition. Cost is computed on the weighted average basis. Company''s stock in trade includes precious and
semi precious stones.

4 Cash and Cash Equivalents

Cash and cash equivalents in the balance sheet comprise cash on hand, cash at banks and shortterm deposits with
an original maturity of three months or less, which are subject to an insignificant risk of changes in value.

5 Borrowing Costs

Borrowing costs specifically relating to the acquisition of qualifying assets that necessarily takes a substantial
period of time to get ready for its intended use are capitalized [net of income on temporarily deployment of funds)
as part of the cost of such assets. Borrowing cost consists of interest and other cost that the company incurs in
connection with the borrowing of funds. All other borrowing costs are recognized in the Statement of Profit and
Loss as expense in the period in which they are incurred.

6 Taxation

Income tax expense comprises current tax and deferred tax [including MAT). Current tax expense is recognised in
the Statement of Profit and Loss except to the extent that it relates to items recognized directly in other
comprehensive income or equity, in which case it is recognized in other comprehensive income or equity.

Provision for current tax is made on the basis of the assessable income at the tax rate applicable to the relevant
assessment year.

Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the financial
statements and the corresponding tax base used in the computation of taxable profit and are accounted for using
the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary
differences, and deferred tax assets are generally recognised for all deductible temporary differences, carry
forward tax losses and allowances to the extent that it is probable that future taxable profits will be available
against which those deductible temporary differences, carry forward tax losses and allowances can be utilised.

Deferred tax is recognized in the Statement of Profit and Loss except to the extent that it relates to items
recognized directly in OCI or equity, in which case it is recognized in OCI or equity.

Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable
that the related tax benefit will be realized.

7 Provisions and Contingencies

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation
that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the
obligation. If the effect of the time value of money is material, provisions are determined by discounting the
expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money
and the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of
time is recognized as a finance cost. Provisions are reviewed at each balance sheet date and are adjusted to reflect
the current best estimate.

Contingent liabilities are disclosed when there is a possible obligation arising front past events, the existence of
which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the company or a present obligation that arises from past events where it is either not
probable that outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.
Information on contingent liability is disclosed in the notes to the financial statements. Contingent liabilities are
disclosed on the basis of judgment of management/ Independent experts. These are reviewed at each balance
sheet date and are adjusted to reflect the current management estimate.

8 Revenue

The Company derives revenues primarily from business of Tour and Travel services,Works contract related to
construction services and sale of precious/semi precious stones. Income from operations like service charges,
commission, marketing charges. Revenue from other income comprises interest received.

Sale of Services

Revenue from contracts, where the performance obligations are satisfied over time and where there is no
uncertainty as to measurement or collectability of such consideration is recognized. When there is uncertainty as
to measurement or ultimate collectability, revenue recognition is postponed until such uncertainty is resolved.
Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship
between input and productivity.

Revenue recognition for Works Contract service-

With respect to the method for recognising revenue of such works contracts over time (i.e. the method for
measuring progress towards complete satisfaction of a performance obligation), the Company has established
certain criteria that are applied consistently for similar performance obligations. In this regard, the method chosen
by the Company to measure the value of goods or services for which control is transferred to the customer
overtime is the output method based on the performance completed to date for measured unit of work),
according to which revenue is recognised corresponding to the units of work performed and on the basis of the
price allocated thereto. In cases where the work performed till the reporting date has not reached the milestone
specified in the contract, the Company recognises revenue only to the extent that it is highly probable that the
customer will acknowledge the same. This method is applied as the progress of the work performed can be
measured during its performance on the basis of the contract. Under this method, on a regular basts, the work
completed under each contract is measured and the corresponding output is recognised as revenue.

The recognition of revenue is made for an amount with respect to which it is highly probable that a significant
reversal will not occur.

Revenue recognition for Tours and Travel-

Arrangements with customers for tour and travel related services are on a fixed-price basis.

In arrangements for Tour and Travel services, the Company has applied the guidance in Ind AS 115, Revenue from
contract with customer; by applying the revenue recognition criteria for each distinct performance obligation. The
arrangements with customers generally meet the criteria for considering tour and travel service contracts as
distinct performance obligations, For allocating the transaction price, the Company has measured the revenue in
respect of each performance obligation of a contract at its relative standalone selling price. The price that is
regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases
where the company is unable to determine the standalone selling price, the company uses the expected cost plus
margin approach in estimating the standalone selling price. For tour and travel services, the performance
obligations are satisfied as and when the services are rendered since the customer generally obtains control of the
work as it progresses.

There are no remaining performance obligations of the company at the year end.

Sale of Goods

Revenue from sale of Gems and Jewellery items is recognised at the lime the control is transferred as per the
Terms of the contract and goods are made available to The customer consisting no significant uncertainty regarding
The amount of the consideration that will be derived from The sale of goods. It is measured at fair value of
consideration received or receivable, net of returns and allowances, trade discounts and volume rebates,

Interest Income

Interest Income is recognised using effective interest method.

9 Employee Benefits

Short term Employee benefits:

Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related
service is provided. A liability is recognized for the amount expected to be paid e.g., under short-term cash bonus,
if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided
by the employee, and the amount of obligation can be estimated reliably.

10 Impairment of non financial assets

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

11 Operating Segments

In accordance with Ind AS -108, the Operating Segments used to present segment information are identified on the
basis of internal reports used by The company''s Management to allocate resources to The segments and assess
their performance. The Chief Operational Decision Maker (Board of Directors) monitors the operating results of its
business segments separately for The purpose of making decisions about resource allocation and performance
assessment. Segment performance is evaluated based on profit or loss and is measured consistently with profit or
loss in the financial statements.

The Company''s operating business are organized and managed separately according to the nature of products,
with each segment representing a strategic business unit that offers different products. The identified segments
are Travel and Tourism Operations, Sales of Precious/ Semi-Precious Stones and Works contract services in relation
to Construction activities

Segment revenue includes sales and other income directly identifiable with/ allocable to the segment.

Expenses that are directly identifiable with/ allocable to segments are considered for determining the Segment
result. Expenses which relate to the company as a whole and not allocable to segments are included under un¬
allocable expenditure.

income which related to the company as a whole and allocable to segments is included in allocable income.

Segment assets and inabilities include those directly identifiable with The respective segments, unallocable assets
and liabilities that relate to the company as a whole and allocable to any segment,

12 Earnings per Share

Bask earning per equity share is computed by dividing the net profit or loss attributable to equity shareholders of

the Company by the weighted average number of equity shares outstanding during the financial year.

Diluted earnings per equity share Is computed by dividing the net profit or loss attributable to equity shareholders
of the Company by the 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.

11 Cash Flow Statement

Cash flow statement has been prepared in accordance with the Indirect method prescribed in Ind AS 7 ''Statement
of Cash flows''.

14 Dividends

Dividends and interim dividends payable to the Company''s shareholders are recognized as changes in equity in the
period in which they are approved in the shareholders'' meeting and the Board of Directors respectively.

15 Financial Instruments

15.1 Financial Assets

All financial assets a re recognized initially at fair value plus, in the case of financial assets not recorded at fair value

through profit or loss, transaction costs that are attributable to the acquisition or issue of the financial asset.

Company''s financial assets include trade receivables, security deposits, cash and cash equivalents.

Financial assets are measured at amortised cost or fair value through other comprehensive income or fair value
through Profit and Loss, depending on its business model for managing those financial assets and the assets
contractual cash flow characteristics.

Subsequent measurement:

Debt instruments at amortised cost:

A financial asset is measured at amortised cost if-

''-the financial asset is held within a business model whose objective is to hold financial 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 (SPPI) on the principal amount outstanding.

Investment in Debt

Investments in debt can be valued at amortised cost or Fair value through profit & loss.

Trade Receivables

Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the

effective interest rate (EER) method, less provision for impairment losses. The carrying amounts of short term

financial assets are considered to be same as their fair value, due to their short term in nature.

In case of M/s.Yaan Enterprises Limited all trade receivables are short term in nature hence they are carried at
their transaction price being their fair value.

Impairment of financial assets

In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for measurement and
recognition of impairment loss on trade Receivables, security deposits, cash and cash equivalents and credit risk
exposure. Impairment is made on the expected credit losses, which are the present value of the cash shortfalls
over the expected life of financial assets. The estimated impairment losses are recognized as a separate provision
for impairment and the impairment losses are recognized in the Statement of Profit and Loss under the head other
expenses.

De-recognition of financial assets

A financial asset {or, where applicable, a part of a financial asset or part of a group of similar financial assets) is

primarily de-recognised (i.e. removed from the Company’s balance sheet) when:

The rights to receive cash flows from the asset have expired, or
''-the company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay
the received cash flows in full without material delay to a third party under a ''pass-through'' arrangement; And
either

fa) The Company has transferred substantially all the risks and rewards of the asset, or

(b) The Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has
transferred control of the asset.

15.2 Financial Liabilities

initial Measurement

At initial recognition, all financial liabilities other than fair valued through profit & loss are recognised initially at

fair value less transaction costs that are attributable to the issue of financial liability. Transaction costs of financial

liabilities that are carried at fair value through profit or loss are expensed in the Statement of Profit and Loss.
Company''s Financial liabilities include borrowing, lease inability, trade payables.

Subsequent Measurement

Subsequent measurement of financial liabilities depends upon their classification:
i) Financial liability at amortised cost

After initial recognition, interest bearing loans and borrowings are subsequently measured at amortised cost using
the EIR method. Gain and Losses are recognised in the Statement oF Profit and Loss when the liabilities are de¬
recognised as well as through the EIR amortisation process. The EIR amortisation is included as finance cost in the
Statement of Profit and Loss.

ii| Financial liability at fair value through profit Or loss

Financial liabilities at fair value through profit or loss include Financial liabilities held for trading and financial
liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified
as held Fur trading if they are incurred for the purpose of repurchasing in the near period. This category also
includes derivative financial instruments entered into by the Company that are not designated as hedging
instruments in hedge relationships as defined by Ind-AS 109. Separated embedded derivatives are also classified as
held for trading unless they are designated as effective hedging instruments.

De-recognition of financial liabilities

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires.
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 the de¬
recognition of the original liability and the recognition of a new liability. The difference in the respective carrying
amounts is recognised in the Statement of Profit and loss.

16 Leases

A contract is or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time
in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the
Company assesses whether: {i) the contract involves the use of an identified asset (ii) the Company has substantially all of the
economic benefits from use of the asset through the period of the lease and {ill) the Company has the right to direct the use of
the asset.

At the date of commencement of the lease, the Company recognizes a right of use asset ("RGU") and a corresponding lease
liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term
leases) and low value leases, for these short term and low value leases, the Company recognizes the lease payments as an
operating expense on a straight-line basis over the term of the lease.

As a lessee, the Company determines the lease term as the non-cancellable period of a lease adjusted with any option to
extend or terminate the lease, if the use of such option is reasonably certain. The Company makes an assessment on the
expected lease term on a lease by-lease basis and thereby assesses whether it is reasonably certain that any options to extend
or terminate the contract will be exercised. In evaluating the lease term, the Company considers factors such as any significant
leasehold improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of
the underlying asset to the operations taking into account the location of the underlying asset and the availability of suitable
alternatives. The lease term in future periods is reassessed to ensure that the lease term reflects the current economic
circumstances.

The right of use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any
lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives.
They are subsequently measured at cast less accumulated depredation and impairment losses. Right of use assets are
depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the
underlying asset.

Right of use assets arc evaluated for recoverability whenever events or changes in circumstances indicate that their carrying
amounts may not be recoverable. for the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair
value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash
flows that arc largely independent of those from other assets. In such cases, the recoverable amount is determined for the
Cash Generating Unit (CGU) to which the asset belongs.

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments
are discounted using the interest rate implicit in the lease or, if not readily determinable, using the Incremental borrowing
rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the
related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination
option.

Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as
financing cash flows.

It modifications or reassessments occur, the lease liability and right of use asset are re-measured. Right of use assets are
depreciated over the shorter of the useful life of the asset or the lease term.

13 Use of Estimates and management judgements

The preparation of financial statements requires management to make judgements, estimates and assumptions
that may impart the application of accounting policies and the reported value of assets, liabilities, income and
expenses and related disclosures concerning the items involved as well as contingent assets and liabilities at the
balance sheet date. The estimates and management''s judgements are based on previous experience and other
factors considered reasonable and prudent in the circumstances. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are
recognised in the period in which the estimates are revised and in any future periods affected.

1 Useful life of Property, Plant and Equipment

The estimated useful life of property, plant and equipment is based on a number of factors including the effects of
obsolescence, demand, competition and other economic factors {such as the stability of the Industry and known
technological advances) and the level of maintenance expenditures required to obtain the expected future cash
flows from the asset. Useful life of assets is determined in accordance with Schedule II of the Companies Act, 2013.
The Company reviews at the end of each reporting date the useful life of property, plant and equipment.

2 Recoverable amount of Property, Plant and Equipment

The recoverable amount of Property, Plant and Equipment is based on estimates and assumptions regarding in
particular the expected market outlook and future cash flows associated with the properly, plant and equipment.
Any changes in these assumptions may have a material impart on the measurement of the recoverable amount
and could result in impairment.

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Mar 31, 2024

A. Reporting Entity

Yaan Enterprise Limited is a public company domiciled in India and limited by shares (CIN:

L63040 M H1989P LC364261). The shares of the company are publicly traded on Bombay Stock Exchange Limited. The
address of company''s registered office Is ''Shop-10, PL-22 Lakhanis Dolphin, SEC-13, New Panvel Navi Mumbai,

Raigarh, Maharashtra-410206’, The company is involved in the business of Tour Operator, Sale of precious / semi
precious stones and works contract services in relation to Construction activites.

The Company has changed its name from ’Crown Tours Limited'' to ’Yaan Enterprises Limited w.e.f 25/11/2021

B. Basis of preparation

1 Statement of Compliance

These financial statements are prepared on accrual basis of accounting and comply with Indian Accounting
Standards (Ind AS) notified under Companies (Indian Accounting Standards) Rules, 2015 and subsequent
amendments thereto. These financial statements were authorized for issue by the Board of Directors on 25th May
2024.

2 Basis of Measurement

The financial statements have been prepared on historical cost convention which have been measured at fair value
as required by Ind AS.

Certain financial assets and liabilities measured at Amortised Cost as per Ind A!

3 Functional and presentational currency

All amounts included in the financial statements are reported in Indian Rupees. Due to rounding of, the numbers
presented throughout the document may not add up precisely to the totals and percentage may not precisely reflect
the absolute figures.

4 Current and Non Current Classification

The company presents assets and liabilities in the balance sheet based on current/non-current classification.

An asset is classified as current when it is:

- Expected to be realized or intended to be sold or consumed in normal operating cycle,

- Held primarily for the purpose of trading,

- Expected to be realized within twelve months after the reporting period, or

- Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months

- All other assets are classified as non-current.

A liability is classified as current when it is:

- Expected to be settled In normal operating cycle,

- Held primarily for the purpose of trading,

- Due to be settled within twelve months after the reporting period, or

- There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting

- All other liabilities are classified as non-currenl

5 Application of new Indian Accounting Standards

All the Indian Accounting Standards issued under section 133 of the Companies Act, 2013 and notified by the
Ministry of Corporate Affairs (MCA) under the Companies (Indian Accounting Standards) Rules, 2015 (as amended)
till the financial statements are approved have been considered in preparation of these Financial Statements.

6 Standards issued but not yet effective

The Ministry of Corporate Affairs (MCA) notifies new standards or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as Issued from time to time. For the year ended March 31, 2024,

MCA has not notified any new standards or amendments to the existing standards applicable to the Company

A summary of the material accounting policies applied In the preparation of the financial statements are as given
below. These accounting policies have been applied consistently to all the periods presented in the financial
statements.

1 Property, Plant and Equipment

1.1 Initial Recognition and measurement

Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated
impairment losses {if any). Cost includes expenditure that is directly attributable to bringing the asset to the location
and condition necessary for it to be capable of operating in the manner intended by the management. Further the
cost of assets not ready to use before each reporting date are disclosed under ''Capital Work-in-progress''.

1.2 Subsequent Costs

Subsequent expenditure is recognized as an increase in the carrying amount of the asset when it is probable that the
future economic benefits deriving from the cost incurred will flow to the enterprise and the cost of the item can be
measured reliably.

1.3 Depreciation

Assets are depreciated using written down value method over the estimated useful life of the asset as specified in
Part T of Schedule II of Companies Act, 2013 after retaining residual life of 5% of original cost. Assets residual
values and useful lives are reviewed at each financial year end considering the physical condition of the assets.

1.4 De-recoanition

An item of Property, Plant and Equipment is derecognized when no future economic benefits are expected from
their use or upon their disposal. Gains or losses on disposal/ transfer/ de-recognition of item of Property, Plant and
Equipment are determined as difference between net sale proceeds and the carrying amount of Property, Plant and
Equipment and Is recognized In the Statement of Profit and Loss

2 Intangible assets

Intangible assets purchased are measured at cost as of the date of acquisition, as applicable, less accumulated

Intangible assets are amortised on a straight line basis over their estimated useful lives from the date that they are

The estimated useful lives of the intangible assets and the amortisation period are reviewed at the end of each
financial year and the amortisation period is revised to reflect the changed pattern, if any. At present, the estimated
useful! live for ‘Web portal'' held as intangible asset by the company is 10 yrs.

3 Inventories

Inventories are valued at the lower of cost and net realizable value except scrap, which is valued at net realizable
value. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of
completion and the estimated costs necessary to make the sale. The cost of inventories comprises cost of purchase,
cost of conversion and other cost incurred in bringing the inventories to their respective present location and
condition. Cost is computed on the weighted average basis. Company''s stock In trade Includes precious and semi
precious stones.

4 Cash and Cash Equivalents

Cash and cash equivalents In the balance sheet comprise cash on hand, cash at banks and shortterm deposits with
an original maturity of three months or less, which are subject to an insignificant risk of changes in value.

5 Sorrowing Casts

Borrowing costs specifically relating to the acquisition of qualifying assets that necessarily takes a substantial period
of time to get ready for Its Intended use are capitalized (net of Income on temporarily deployment of funds} as part
of the cost of such assets. Borrowing cost consists of interest and other cost that the company incurs in connection
with the borrowing of funds. All other borrowing costs are recognized in the Statement of Profit and Loss as expense
in the period in which they are incurred.

6 Taxation

Income tax expense comprises current tax and deferred tax (including MAT}. Current tax expense Is recognised In
the Statement of Profit and Loss except to the extent that It relates to Items recognized directly In other
comprehensive income or equity, in which case it is recognized in other comprehensive income or equity.

Provision for current tax Is made on the basis of the assessable Income at the tax rate applicable to the relevant
assessment year.

Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the financial
statements and the corresponding tax base used in the computation of taxable profit and are accounted for using
the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary
differences, and deferred tax assets are generally recognised for all deductible temporary differences, carry forward
tax losses and allowances to the extent that It Is probable that future taxable profits will be available against which
those deductible temporary differences, carry forward tax losses and allowances can be utilised.

Deferred tax is recognized in the Statement of Profit and Loss except to the extent that it relates to items recognized
directly In OCI or equity, in which case it Is recognized In OCI or equity.

Deferred tax assets are reviewed at each reporting date and are reduced to the extent that It Is no longer probable
that the related tax benefit will be realized.

MAT (Minimum Alternate Tax) is applicable to the company. MAT paid in the year is charged to the Statement of
Profit and Loss as current tax. MAT credit available is recognized as an asset only to the extent, there is convincing
evidence that the company will pay normal income tax during the specified period i.e. the period for which MAT
credit is allowed to be carried forward. The company reviews the MAT credit entitlement at each balance sheet date
and writes down the carrying value of MAT credit entitlement to the extent that there is no longer convincing
evidence to the effect that company will pay normal tax during the specified period.

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Mar 31, 2015

1 Basis of Preparation of Financial Statements

The preparation of financial statements in conformity with generally accepted accounting principles require estimates and assumptions to be made that affect the reported amounts 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 actual results and estimates are recognized in the period in which the results are known / materialized.

2 System Of Accounting

The company follows mercantile system of accounting and recognises significant items of income and expenditure on accrual basis.

3 Cash Flow Statement (AS-3)

Cash flow statement has been prepared adopting the indirect method as prescribed under para 18 of Accounting Standard-3 (AS-3) on "Cash Flow Statement"

4 Depreciation: (AS-6)

Depreciation is provided straight line Method [SLM] based on useful life as specified in Part 'C' of Schedule II of Companies Act 2013 after retaining residual value of 5% Intangible Assets i.e. Software is amortised on SLM considering best estimate of its useful life of 5 years as provided in Accounting Standard-26 with Nil residual value. The Company provide pro-rate depreciation from/to the date on which the asset is acquired or put to use/disposed as appropriate. Depreciation is computed till the date of sale of asset.

5 Revenue Recognition: (AS-9)

Income from operations like service charges, commission, marketing charges, receipts from customers is accounted for on accrual basis.

6 Fixed Assets: (AS-10)

Fixed assets are accounted for on historical cost.

7 Foreign Currency Conversion (AS-11)

Foreign currency transactions are recorded at the rates of exchange prevailing on the date of transaction. Foreign currency monetary items are reported using the closing rate. Non monetary items which are carried in terms of historical cost denominated in the foreign currency are reported using the exchange rate at the date of transaction. Exchange differences arising on the settlement of the monetary items or on reporting Company's monetary items at rates different from those at which they were initially recorded during the year or reported in previous financial statements, are recognized as income or as expenses in the year in which they arise.

8 Investments: (AS-13)

Investments that are intended to be held for more than a year, from the date of acquisition, are classified as long term investments and are carried at cost. However, provision for diminution in value of investments is made to recognize a decline, other than temporary, in the value of investments. Investments other than long term investments being current investments are valued at cost or fair value whichever is lower, determined on an individual basis.

9 Employee Benefits: (AS-15)

1.8.1 Employee benefits of short-term nature are recognized as expenses as and when it accrues.

1.8.2 Gratuity is being accounted for on actuarial basis as per quantum determined by Life Insurance Corporation of India under group gratuity scheme (Defined Benefit Plan).

1.8.3 Employee Benefits in the form of Provident Fund and Superannuation / Pension scheme in pursuance of law is accounted on accrual basis and charged to Profit and Loss account of the year (Defined contribution Plans).

1.8.4 Premium paid under Keyman Insurance Policy is booked as expenditure as and when incurred (Defined contribution Plan).

10 Borrowings Costs: (AS-16)

Interest and other borrowing costs attributable to qualifying assets are capitalized. Other interest and borrowing costs are charged to revenue.

11 Accounting For Taxes On Income: (AS-22)

Income Tax expense comprises current tax and deferred tax charge or credit. Provision for current tax is made on the basis of the assessable income at the tax rate applicable to the relevant assessment year. The deferred tax asset and deferred tax liability is calculated by applying tax rate and tax law that have been enacted or substantively enacted by the Balance Sheet date. Deferred tax asset 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 asset 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 are reviewed to reassure realization.

12 Impairment of Assets: (AS-28)

The carrying amounts 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 exceeds the recoverable amount. An impairment loss is charged to profit and Loss account in the year in which an asset is identified as impaired. An impairment loss is recognized in prior accounting periods is reversed if there has been change in the estimate of the recoverable amount.

13 Provisions, Contingent Liability & Contingent Asset: (AS-29)

A provision is recognized for a present obligation as a result of past events if 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. Provisions are determined based on best estimates of the amount required to settle the obligation at the Balance Sheet date. A contingent liability is disclosed, unless the possibility of an outflow of resources is remote.

14 General

Except where stated, accounting policies are consistent with generally accepted accounting principles and have been consistently applied.

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Mar 31, 2014

1 Basis of Preparation of Financial Statements

The preparation of financial statements in conformity with generally accepted accounting principles require estimates and assumptions to be made that affect the reported amounts 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 actual results and estimates are recognized in the period in which the results are known / materialized.

2 System Of Accounting

The company follows mercantile system of accounting and recognises significant items of income and expenditure on accrual basis.

3 Depreciation : (AS-6)

Depreciation has been charged on Straight Line Method [SLM], adopting rates prescribed in Schedule XIV to the Companies Act, 1956. Depreciation on additions / deductions made to fixed assets is provided on pro rata basis. Intangible assets are depreciated @ 16.21% on SLM Method.

4 Revenue Recognition : (AS-9)

Income from operations like service charges, commission, marketing charges, receipts from customers is accounted for on accrual basis.

5 Fixed Assets : (AS-10)

Fixed assets are accounted for on historical cost.

6 Foreign Currency Conversion (AS-11)

Foreign currency transactions are recorded at the rates of exchange prevailing on the date of transaction. Foreign currency monetary items are reported using the closing rate. Non monetary items which are carried in terms of historical cost denominated in the foreign currency are reported using the exchange rate at the date of transaction. Exchange differences arising on the settlement of the monetary items or on reporting Company''s monetary items at rates different from those at which they were initially recorded during the year or reported in previous financial statements, are recognized as income or as expenses in the year in which they arise.

7 Investments : (AS-13)

Investments that are intended to be held for more than a year, from the date of acquisition, are classified as long term investments and are carried at cost. However, provision for diminution in value of investments is made to recognize a decline, other than temporary, in the value of investments. Investments other than long term investments being current investments are valued at cost or fair value whichever is lower, determined on an individual basis.

8 Employee Benefits : (AS-15)

1.8.1 Employee benefits of short-term nature are recognized as expenses as and when it accrues.

1.8.2 Gratuity is being accounted for on actuarial basis as per quantum determined by Life Insurance Corporation of India under group gratuity scheme (Defined Benefit Plan).

1.8.3 Employee Benefits in the form of Provident Fund and Superannuation / Pension scheme in pursuance of law is accounted on accrual basis and charged to Profit and Loss account of the year (Defined contribution Plans).

1.8.4 Premium paid under Keyman Insurance Policy is booked as expenditure as and when incurred (Defined contribution Plan).

9 Borrowings Costs: (AS-16)

Interest and other borrowing costs attributable to qualifying assets are capitalized. Other interest and borrowing costs are charged to revenue.

10 Accounting For Taxes On Income : (AS-22)

Income Tax expense comprises current tax and deferred tax charge or credit. Provision for current tax is made on the basis of the assessable income at the tax rate applicable to the relevant assessment year. The deferred tax asset and deferred tax liability is calculated by applying tax rate and tax law that have been enacted or substantively enacted by the Balance Sheet date. Deferred tax asset 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 asset 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 are reviewed to reassure realization.

11 Impairment of Assets : (AS-28)

The carrying amounts 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 exceeds the recoverable amount. An impairment loss is charged to profit and Loss account in the year in which an asset is identified as impaired. An impairment loss is recognized in prior accounting periods is reversed if there has been change in the estimate of the recoverable amount.

12 Provisions, Contingent Liability & Contingent Asset : (AS-29)

A provision is recognized for a present obligation as a result of past events if 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. Provisions are determined based on best estimates of the amount required to settle the obligation at the Balance Sheet date. A contingent liability is disclosed, unless the possibility of an outflow of resources is remote.

13 General

Except where stated, accounting policies are consistent with generally accepted accounting principles and have been consistently applied.

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Mar 31, 2013

1 Basis of Preparation of Financial Statements

The preparation of financial statements in conformity with generally accepted accounting principles require estimates and assumptions to be made that affect the reported amounts 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 actual results and estimates are recognized in the period in which the results are known / materialized.

2 System Of Accounting

The company follows mercantile system of accounting and recognises significant items of income and expenditure on accrual basis.

3 Depreciation : (AS-6)

Depreciation has been charged on Straight Line Method [SLM], adopting rates prescribed in Schedule XIV to the Companies Act, 1956. Depreciation on additions / deductions made to fixed assets is provided on pro rata basis. Intangible assets are depreciated @ 16.21% on SLM Method.

4 Revenue Recognition : (AS-9)

Income from operations like service charges, commission, marketing charges, receipts from customers is accounted for on accrual basis.

5 Fixed Assets : (AS-10)

Fixed assets are accounted for on historical cost.

6 Foreign Currency Conversion (AS-11)

Foreign currency transactions are recorded at the rates of exchange prevailing on the date of transaction. Foreign currency monetary items are reported using the closing rate. Non monetary items which are carried in terms of historical cost denominated in the foreign currency are reported using the exchange rate at the date of transaction. Exchange differences arising on the settlement of the monetary items or on reporting Company''s monetary items at rates different from those at which they were initially recorded during the year or reported in previous financial statements, are recognized as income or as expenses in the year in which they arise.

7 Investments : (AS-13)

Investments that are intended to be held for more than a year, from the date of acquisition, are classified as long term investments and are carried at cost. However, provision for diminution in value of investments is made to recognize a decline, other than temporary, in the value of investments. Investments other than long term investments being current investments are valued at cost or fair value whichever is lower, determined on an individual basis.

8 Employee Benefits : (AS-15)

1.8.1 Employee benefits of short-term nature are recognized as expenses as and when it accrues.

1.8.2 Gratuity is being accounted for on actuarial basis as per quantum determined by Life Insurance Corporation of India under group gratuity scheme (Defined Benefit Plan).

1.8.3 Employee Benefits in the form of Provident Fund and Superannuation / Pension scheme in pursuance of law is accounted on accrual basis and charged to Profit and Loss account of the year (Defined contribution Plans).

1.8.4 Premium paid under Keyman Insurance Policy is booked as expenditure as and when incurred (Defined contribution Plan).

9 Borrowings Costs: (AS-16)

Interest and other borrowing costs attributable to qualifying assets are capitalized. Other interest and borrowing costs are charged to revenue.

10 Accounting For Taxes On Income : (AS-22)

Income Tax expense comprises current tax and deferred tax charge or credit. Provision for current tax is made on the basis of the assessable income at the tax rate applicable to the relevant assessment year. The deferred tax asset and deferred tax liability is calculated by applying tax rate and tax law that have been enacted or substantively enacted by the Balance Sheet date. Deferred tax asset 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 asset 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 are reviewed to reassure realization.

11 Impairment of Assets : (AS-28)

The carrying amounts 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 exceeds the recoverable amount. An impairment loss is charged to profit and Loss account in the year in which an asset is identified as impaired. An impairment loss is recognized in prior accounting periods is reversed if there has been change in the estimate of the recoverable amount.

12 Provisions, Contingent Liability & Contingent Asset : (AS-29)

A provision is recognized for a present obligation as a result of past events if 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. Provisions are determined based on best estimates of the amount required to settle the obligation at the Balance Sheet date. A contingent liability is disclosed, unless the possibility of an outflow of resources is remote.

13 General

Except where stated, accounting policies are consistent with generally accepted accounting principles and have been consistently applied.

*Figures in Bracket are of Previous Year.

The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/- Each Holder of equity shares is entitled to one vote per share and dividend as and when declared by the Company.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after the distribution of all preferential amounts.

EMPLOYEES BENEFIT : AS-15

As per Accounting Standard 15 "Employee Benefits", disclosure of employee benefits as defined in the accounting standard are given below:

(a) Defined Contribution Plan

Company has made fixed contribution to Provident Fund at predetermined rates to Provident Fund Commissioner of Rajasthan.The obligation of the Company is limited to contribution. Amount recognized as expense in Statement of Profit and Loss for the year is as under:

(b) Defined Benefit Plan-

The Company has defined benefit gratuity plan. Every employee who has rendered continuous service of five years or more is entitled to get gratuity at 15 days for each completed year or more subject to provisions of The Payment of Gratuity Act, 1972. Company has invested to meet its such liability with Life Insurance Corporation of India under Group Gratuity Scheme. The liability for the same is recognized as per actuarial valuation by LIC.

Actuarial Assumptions: 2012-13 2011-12

Discount Rate : 8% per annum 8% per annum

Mortality : LIC (1994-96) mortality tables LIC (1994-96) mortality tables Withdrawal Rate : 1% to 3% depending on age 1% to 3% depending on age Salary Escalation: 7% 7%

Valuation Method : Projected Unit Credit Method Projected Unit Credit Method

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Mar 31, 2012

1 Basis of Preparation of Financial Statements

The preparation of financial statements in conformity with generally accepted accounting principles require estimates and assumptions to be made that affect the reported amounts 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 actual results and estimates are recognized in the period in which the results are known / materialized.

2 System Of Accounting

The company follows mercantile system of accounting and recognises significant items of income and expenditure on accrual basis.

3 Depreciation : (AS-6)

Depreciation has been charged on Straight Line Method [SLM], adopting rates prescribed in Schedule XIV to the Companies Act, 1956. Depreciation on additions / deductions made to fixed assets is provided on pro rata basis. Intangible assets are depreciated @ 16.21% on SLM Method.

4 Revenue Recognition : (AS-9)

Income from operations like service charges, commission, marketing charges, receipts from customers is accounted for on accrual basis.

5 Fixed Assets : (AS-10)

Fixed assets are accounted for on historical cost.

6 Foreign Currency Conversion (AS-11)

Foreign currency transactions are recorded at the rates of exchange prevailing on the date of transaction. Foreign currency monetary items are reported using the closing rate. Non monetary items which are carried in terms of historical cost denominated in the foreign currency are reported using the exchange rate at the date of transaction. Exchange differences arising on the settlement of the monetary items or on reporting Company''s monetary items at rates different from those at which they were initially recorded during the year or reported in previous financial statements, are recognized as income or as expenses in the year in which they arise.

7 Investments : (AS-13)

Investments that are intended to be held for more than a year, from the date of acquisition, are classified as long term investments and are carried at cost. However, provision for diminution in value of investments is made to recognize a decline, other than temporary, in the value of investments. Investments other than long term investments being current investments are valued at cost or fair value whichever is lower, determined on an individual basis.

8 Employee Benefits : (AS-15)

1.8.1 Employee benefits of short-term nature are recognized as expenses as and when it accrues.

1.8.2 Gratuity is being accounted for on actuarial basis as per quantum determined by Life Insurance Corporation of India under group gratuity scheme (Defined Benefit Plan).

1.8.3 Employee Benefits in the form of Provident Fund and Superannuation / Pension scheme in pursuance of law is accounted on accrual basis and charged to Profit and Loss account of the year (Defined contribution Plans).

1.8.4 Premium paid under Keyman Insurance Policy is booked as expenditure as and when incurred (Defined contribution Plan).

9 Borrowings Costs: (AS-16)

Interest and other borrowing costs attributable to qualifying assets are capitalized. Other interest and borrowing costs are charged to revenue.

10 Accounting For Taxes On Income : (AS-22)

Income Tax expense comprises current tax and deferred tax charge or credit. Provision for current tax is made on the basis of the assessable income at the tax rate applicable to the relevant assessment year. The deferred tax asset and deferred tax liability is calculated by applying tax rate and tax law that have been enacted or substantively enacted by the Balance Sheet date. Deferred tax asset 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 asset 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 are reviewed to reassure realization.

11 Impairment of Assets : (AS-28)

The carrying amounts 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 exceeds the recoverable amount. An impairment loss is charged to profit and Loss account in the year in which an asset is identified as impaired. An impairment loss is recognized in prior accounting periods is reversed if there has been change in the estimate of the recoverable amount.

12 Provisions, Contingent Liability & Contingent Asset : (AS-29)

A provision is recognized for a present obligation as a result of past events if 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. Provisions are determined based on best estimates of the amount required to settle the obligation at the Balance Sheet date. A contingent liability is disclosed, unless the possibility of an outflow of resources is remote.

13 General

Except where stated, accounting policies are consistent with generally accepted accounting principles and have been consistently applied.

*Figures in Bracket are of Previous Year.

The Company has only one class of shares referred to as equity shares having a par value of Rs 10/- Each Holder of equity shares is entitled to one vote per share and dividend as and when declared by the Company.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after the distribution of all preferential amounts.

During the current period the company has received calls in arrears of Rs. 10,000/-.

EMPLOYEES BENEFIT : AS-15

As per Accounting Standard 15 "Employee Benefits", disclosure of employee benefits as defined in the accounting standard are given below:

(a) Defined Contribution Plan

Company has made fixed contribution to Provident Fund at predetermined rates to Provident Fund Commissioner of Rajasthan.The obligation of the Company is limited to contribution. Amount recognized as expense in Statement of Profit and Loss for the year is as under:

(b) Defined Benefit Plan-

The Company has defined benefit gratuity plan. Every employee who has rendered continuous service of five years or more is entitled to get gratuity at 15 days for each completed year or more subject to provisions of The Payment of Gratuity Act, 1972. Company has invested to meet its such liability with Life Insurance Corporation of India under Group Gratuity Scheme. The liability for the same is recognized as per actuarial valuation by LIC.

Actuarial Assumptions: 2011-12 2010-11

Discount Rate : 8% per annum 8% per annum

Mortality : LIC (1994-96) mortality tables LIC (1994-96) mortality tables Withdrawal Rate : 1% to 3% depending on age 1% to 3% depending on age Salary Escalation: 7% 7%

Valuation Method : Projected Unit Credit Method Projected Unit Credit Method

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Mar 31, 2011

1. The company follows mercantile system of accounting and recognises significant items of income and expenditure on accrual basis.

2. The preparation of financial statements in conformity with generally accepted accounting principles require estimates and assumptions to be made that affect the reported amounts 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 actual results and estimates are recognized in the period in which the results are known / materialized.

3. Fixed assets are accounted for on historical cost.

4. Depreciation has been charged on Straight Line Method (SLM) adopting rates prescribed in Schedule XIV to the Companies Act, 1956. Depreciation on additions / deductions made to fixed assets is provided on pro rata basis. Intangible assets are depreciated @ 16.21% on SLM Method.

5. Income from operations like service charges, commission, marketing charges, receipts from customers is accounted for on accrual basis.

6. Employee Benefits

(a) Employee benefits of short term nature are recognized as expenses as and when it accrues.

(b) Gratuity is being accounted for on actuarial basis as per quantum determined by Life Insurance Corporation of India under group gratuity scheme (Defined Benefit Plan).

(c) Employee Benefits in the form of Provident Fund and Superannuation / Pension scheme in pursuance of law is accounted on accrual basis and charged to Profit and Loss account of the year (Defined contribution Plans).

(d) Premium paid under Keyman Insurance Policy is booked as expenditure as and when incurred (Defined contribution Plan).

7. Interest and other borrowing costs attributable to qualifying assets are capitalized. Other interest and borrowing costs are charged to revenue.

8. Taxes on Income:

Income Tax expense comprises current tax and deferred tax charge of credit. Provision for current tax is made on the basis of the assessable income at the tax rate applicable to the relevant assessment year. The deferred tax assest and deferred tax liability is calculated by applying tax rate and tax law that have been enacted or substantively enacted by the Balance Sheet date. Deferred tax asset arising mainly on account of brought forward lossed and unsabsorbed depreciation under tax laws, are recognized only if there is a virtual certainty of its realization, supported by convincing evidence. Deferred tax asset 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 are reviewed to reassure realizatio.

9. Impairment of Assets

The carrying amounts 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 exceeds the recoverable amount. An impairment loss is charged to profit and Loss account in the year in which an asset is identified as impaired. An impairment loss is recognized in prior accounting periods is reversed if there has been change in the estimate of the recoverable amount.

10. Investments

Investments that are intended to be held for more than a year, from the date of acquisition, are classified as long term investments and are carried at cost. However, provision for diminution in value of investments is made to recognize a decline, other than temporary, in the value of investments. Investments other than long term investments being current investments are valued at cost or fair value whichever is lower, determined on an individual basis.

11. Provisions/ Contingencies

A provision is recognized for a present obligation as a result of past events if 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. Provisions are determined based on best estimates of the amount required to settle the obligation at the Balance Sheet date. A contingent liability is disclosed, unless the possibility of an outflow of resources is remote.

12. Foreign Currency Conversion

Foreign currency transactions are recorded at the rates of exchange prevailing on the date of transaction. Foreign currency monetary items are reported using the closing rate. Non monetary items which are carried in terms of historical cost denominated in the foreign currency are reported using the exchange rate at the date of transaction. Exchange differences arising on the settlement of the monetary items or on reporting Company''s monetary items at rates different from those at which they were initially recorded during the year or reported in previous financial statements, are recognized as income or as expenses in the year in which they arise.

13. Except where stated, accounting policies are consistent with generally accepted accounting principles and have been consistently applied.