Mar 31, 2015
1. General
The Company maintains its accounts on accrual basis following the
historical cost convention in accordance with generally accepted
accounting principles ("GAAP"), and in compliance with the Accounting
Standards referred to in section 211 (3C) and other requirements of the
Companies Act, 2013
The preparation of financial statements in conformity with Indian GAAP
requires that the management of the Company makes estimates and
assumptions that affect the reported amounts of income and expenses of
the period, the reported balances of assets and liabilities and the
disclosures relating to contingent liabilities as of the date of the
financial statements. Examples of such estimates include the useful
lives of fixed assets etc. Actual results could differ from these
estimates.
2.Fixed Assets :-
Fixed Assets are stated at cost less accumulated depreciation. Cost
includes all identifiable expenditure to bring the assets to its
present location and condition
3. Inventories:-
Inventories are valued at cost or net realizable value, whichever is
lower.
4. Depreciation:-
Depreciation on Fixed Assets has been provided at Straight Line Method
and at the rates prescribed in schedule XIV of the companies Act, 2013.
5. Revenue Recognition :-
Revenue on sale of products is recognized when the products are
dispatched to customers,
6. Expenses Recognition:-
Expenses are charged to revenue on accrual basis.
Mar 31, 2014
1.1 General
The Company maintains its accounts on accrual basis following the
historical cost convention in accordance with generally accepted
accounting principles ("GAAP"), and in compliance with the Accounting
Standards referred to in section 211 (3C) and other requirements of the
Companies Act, 1956
The preparation of financial statements in conformity with Indian GAAP
requires that the management of the Company makes estimates and
assumptions that affect the reported amounts of income and expenses of
the period, the reported balances of assets and liabilities and the
disclosures relating to contingent liabilities as of the date of the
financial statements. Examples of such estimates include the useful
lives of fixed assets etc. Actual results could differ from these
estimates.
1.2 Fixed Assets :-
Fixed Assets are stated at cost less accumulated depreciation. Cost
includes all identifiable expenditure to bring the assets to its
present location and condition
1.3 Inventories:-
Inventories are valued at cost or net realizable value, whichever is
lower.
1.4 Depreciation:-
Depreciation on Fixed Assets has been provided at Straight Line Method
and at the rates prescribed in schedule XIV of the companies Act, 1956.
1.5 Revenue Recognition :-
Revenue on sale of products is recognized when the products are
dispatched to customers,
1.6 Expenses Recognition:-
Expenses are charged to revenue on accrual basis.
Mar 31, 2012
1.1 General :- The Company maintains its accounts on accrual basis
following the historical cost convention in accordance with generally
accepted accounting principles ("GAAP"), and in compliance with the
Accounting Standards referred to in section 211 (3C) and other
requirements of the Companies Act, 1956.
The preparation of financial statements in conformity with Indian GAAP
requires that the management of the Company makes estimates and
assumptions that affect the reported amounts of income and expenses of
the period, the reported balances of assets and liabilities and the
disclosures relating to contingent liabilities as of the date of the
financial statements. Examples of such estimates include the useful
lives of fixed assets etc. Actual results could differ from these
estimates.
1.2 Fixed Assets :- Fixed Assets are stated at cost less accumulated
depreciation. Cost includes all identifiable expenditure to bring the
assets to its present location and condition
1.3 Inventories :- Inventories are valued at cost or net realizable
value, whichever is lower.
1.4 Depreciation :- Depreciation on Fixed Assets has been provided at
Straight Line Method and at the rates prescribed in schedule XIV of the
companies Act, 1956.
1.5 Revenue Recognition :- Revenue on sale of products is recognized
when the products are dispatched to customers,
1.6 Expenses Recognition :- Expenses are charged to revenue on accrual
basis.
Mar 31, 2011
A) General :-
The Company maintains its accounts on accrual basis following the
historical cost convention in accordance with Generally Accepted
Accounting Principles ("GAAP") and in compliance with the Accounting
Standards referred to in section 211 (3C) and other requirements of the
Companies Act, 1956.
The preparation of financial statements in conformity with GAAP
requires that the Management of the Company makes estimates and
assumptions that affect the reported amounts of income and expenses of
the period, the reported balances of assets and liabilities and the
disclosures relating to contingent liabilities as on the date of the
financial statements. Examples of such estimates include the useful
lives of fixed assets, etc. Actual results could differ from these
estimates.
b) Fixed Assets :-
Fixed Assets are stated at cost less accumulated depreciation.Cost
includes all identifiable expenditure to bring the assets to its
present location and condition.
c) Inventories:-
Inventories are valued at cost or net realizable value, whichever is
lower.
d) Depreciation:-
Depreciation on Fixed Assets has been provided at Straight Line Method
and at the rates prescribed in schedule XIV of the companies Act, 1956.
e) Revenue Recognition :-
Revenue on sale of products is recognized when the products are
dispatched to customers.
f) Expenses Recognition:-
Expenses are charged to revenue on accrual basis.
Mar 31, 2010
A) The Company follows the Accrual system of Accounting. The financial
statements have been prepared under the historical cost convention
except otherwise stated in accordance with the generally accepted
accounting principles of the Companies Act, 1956 as adopted
consistently by the company.
b) Fixed Assets :-
Fixed Assets are recorded at cost which includes all expenses upto
commissioning / putting the assets into use.
c) Inventories:-
Stock of work in progress, Stores and spares and finished goods are
valued at cost as certified by the management.
d) Depreciation:-
Depreciation on Fixed Assets has been provided at Straight Line Method
and at the rates prescribed in schedule XIV of the companies Act, 1956.
e) Foreign Transactions :-
Foreign currency Liabilities have been converted at the rate prevailing
on the last day of the Accounting year and transaction completed during
the year are accounted for at the then ruling rate.
f) Revenue Recognition :-
Revenue on sale of products is recognized when the products are
dispatched to customers,
g) Expenses Recognition:-
Expenses are charged to revenue on accrual basis.