Basis of Presentation

12 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Note 2 - Basis of Presentation

The Company has prepared the accompanying consolidated financial statements and accompanying notes in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). All amounts in the consolidated financial statements are stated in U.S. dollars.

We have recast certain prior period amounts to conform to the current period presentation, with no impact on consolidated net income or cash flows.

Going Concern

The Group has incurred a net loss of $789,326 and $559,955 during the financial years ended March 31, 2017 and 2016 respectively, As at March 31, 2017 and March 31, 2016, the Group’s current liabilities exceeded current assets by $907,817and $323,532 and Shareholders deficit as at March 31, 2017 and 2016 has been $1,416,833 and $1,011,988. The Group has outstanding statutory dues towards Employee provident fund and employee trust fund as at that date of $269,781 and $114,631.

The financial statements of the Group have been prepared on a going concern. The Group has operating losses as mentioned in the above paragraph. However, the same were incurred as one-time expenditure incurred for incorporation and listing of the company. The Company has operating cash inflows of $123,535 and $448,311 respectively during the year ended March 31, 2017 and March 31, 2016.

	March 31, 2017			March 31, 2016			March 31, 2015
Net profit/ (loss)		(789,326	)		(559,955	)		75,819
Cost incurred for Duo World		375,612			411,862			505,750
Net profit/ (loss) excluding Duo World Expenses		(413,714	)		(148,093	)		581,569

Further, the Company has entered into contracts with the clients for the products launched during the year 2016-17 and it is confident that the projects shall generate sufficient revenue to offset the operating losses.