Note 1 Significant Accounting Policies for the year ended on 31st March 2015

A CORPORATE INFORMATION :

Kayel Securities limited (the Company) is a company domiciled in India and Incorporated under the provisions of the Companies Act, 1956.

B BASIS OF ACCOUNTING:

The accounting policies adopted in the brparation of financial statements are consistent with those of brvious year.

1.01 ACCOUNTING CONVENTION:

The accounts have been brpared under the historical cost convention and on the basis of going, concern. All expenses and income to the extent considered payable and receivable respectively, unless stated otherwise, have been accounted for on mercantile basis.

1.02 METHOD OF ACCOUNTING:

The Accounts are maintained on accrual basis.

1.03 INVESTMENT:

Non-current Investments outstanding In balance sheet are carried at cost. Diminution in value, if any, which is of temporary nature, is not provided.

1.04 INVENTORIES:

Inventories are Valued at Cost.

1.05 REVENUE:

(a) Revenue from operations is recognized only when it can be reliably measured and it is reasonable to expect ultimate collection. Revenue from operations{gorss}& Income from operations (gross} rebrsents the amounts receivable for goods and services sold.

(b)Interest income is recognized on time proportion basis taking into account the amounts outstanding and the rates applicable.

1.06 INCOME TAX:

Current Income-tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income-tax Act, 1961 enacted In India.

1.07 GENERAL;

Any other accounting policy not specifically referred to are consistent with generally accepted accounting principles.

1.08 Segment Reporting:

The accounting polices adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities of the segment. Revenue, expenses assets and liabilities which relate to the Company as a whole and are not allocated to segments on reasonable basis have been included under "unallocated revenue / expenses/ assets / liabilities"