| 1. Corporate Information
Khyati Multimedia Entertainment Limited Company is incorporated under
the provisions of The Companies Act, 1956. The company's business is
in the area of Multimedia development using the latest Multimedia Tools
and is also engaged in the business of letting out vehicle.
2. Basis of preparation
The financial statements of the company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The Company has prepared these financial statements to
comply in all material respects with the accounting standards notified
under the Companies ( Accounting Standards ) Rules. 2006. (as amended )
and the relevant provisions of the Companies Act. 1956, The financial
statements have been prepared on an accrual basis and under the
historical cost convention.
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