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Accounting Policies of Available Finance Ltd. Company

Mar 31, 2015

1.01 BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not specifically referred to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognises Income and Expenditure on accrual basis except otherwise specified.

1.02 REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

1.03 FIXED ASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

1.04 DEPRECIATION

Depreciation on Tangible Assets has been provided on the straight-line method over the useful lives as prescribed in schedule II ofthe Companies Act, 2013 and on additions on Pro-rata basis.

1.05 INVESTMENTS

Long Term Investments are stated at cost.

1.06 STOCK-IN-TRADE:

Current Investments in the nature of stock in trade are valued at cost.

1.07 DECREASE IN VALUE OFINVESTMETS

Decreases in value of Current Investments in the nature of stock in trade are provided at in aggregate for each category at difference between cost and market value (if lower than cost), at the balance sheet date. And decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Rs 1/-, as the case maybe in accordance with Reserve Bank of India guidelines.

1.08. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees shall be accounted as and when company becomes statutory liable.

1.09 CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.


Mar 31, 2014

1.01 BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not specifically referred to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognises Income and Expenditure on accrual basis except otherwise specified.

1.02 REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

1.03 FIXED ASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

1.04 DEPRECIATION

Depreciation on Fixed Assets has been provided on the straight-line method at the rates prescribed in schedule XIV of the Companies Act, 1956 and on additions on Pro-rata basis.

1.05 INVESTMENTS

Long Term Investments are stated at cost.

1.06 STOCK –IN –TRADE:

Current Investments in the nature of stock in trade are valued at cost.

1.07 DECREASE IN VALUE OF INVESTMETS

Decreases in value of Current Investments in the nature of stock in trade are provided at in aggregate for each category at difference between cost and market value (if lower than cost), at the balance sheet date. And decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Rs. 1/-, as the case may be in accordance with Reserve Bank of India guidelines.

1.08. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees shall be accounted as and when company becomes statutory liable.

1.09 CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.


Mar 31, 2013

1.01 BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not specifically referred to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognizes Income and Expenditure on accrual basis except otherwise specified.

1.02 REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

1.03 FIXED ASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

1.04 DEPRECIATION

Depreciation on fixed assets has been provided on the straight-line method at the rates prescribed in schedule XIV of the Companies Act, 1956 and on additions on Pro-rata basis.

1.05 INVESTMENTS

Long Term Investments are stated at cost.

1.06 STOCK-IN-TRADE:

Current Investments in the nature of stock in trade are valued at cost.

1.07 DECREASE IN VALUE OF INVESTMETS

Decreases in value of Current Investments in the nature of stock in trade are provided at in aggregate for each category at difference between cost and market value (if lower than cost), at the balance sheet date. And decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Re. 1 /-, as the case may be in accordance with Reserve Bank of India guidelines.

1.08. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical, reimbursement and Leave Payments to employees shall be accounted as and when company becomes statutory liable.

1.09 CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.


Mar 31, 2012

1.01 BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not specifically referred to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognises Income and Expenditure on accrual basis except otherwise specified.

1.02 REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

1.03 FIXED ASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

1.04 DEPRECIATION

Depreciation on Fixed Assets has been provided on the straight-line method at the rates prescribed in schedule XIV of the Companies Act, 1956 and on additions on Pro-rata basis.

1.05 INVESTMENTS

Long Term Investments are stated at cost.

1.06 STOCK-IN-TRADE:

Current Investments in the nature of stock in trade are valued at cost.

1.07 DECREASE IN VALUE OF INVESTMETS

Decreases in value of Current Investments in the nature of stock in trade are provided at in aggregate for each category at difference between cost and market value (if lower than cost), at the balance sheet date. And decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Re. 1 /-, as the case may be in accordance with Reserve Bank of India guidelines.

1.08. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees shall be accounted as and when company becomes statutory liable.

1.09 CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.


Mar 31, 2010

1. BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not spe- cifically referred to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognises Income and Expenditure on accrual basis except otherwise specified.

2. REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lack- ing at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

3. FIXED ASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

4. DEPRECIATION

Depreciation on Fixed Assets has been provided on the straight-line method at the rates prescribed in schedule XIV of the Companies Act, 1956 and on additions on Pro-rata basis.

5. INVESTMENTS

Long Term Investments are stated at cost.

6. STOCK-IN-TRADE:

Current Investments in the nature of stock in trade are valued at cost.

7. DECREASE IN VALUE OF INVESTMETS

Decreases in value of Current Investments in the nature of stock in trade are provided at in aggre- gate for each category at difference between cost and market value (if lower than cost), at the balance sheet date. And decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Re. I/-, as the case may be in accordance with Reserve Bank of India guidelines.

8. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees shall be accounted as and when company becomes statutory liable.

9. CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.


Mar 31, 2004

1. BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not specifically referred to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognises Income and Expenditure on accrual basis except otherwise specified.

2. REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

3. FIXED ASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

4. DEPRECIATION

Depreciation on Fixed Assets has been provided on the straight-line method at the rates prescribed in schedule XIV of the Companies Act, 1956 and on additions on Pro-rata basis.

5. INVESTMENTS

Long Term Investments are stated at cost.

6. STOCK-IN-TRADE:

Current Investments in the nature of stock in trade are valued at cost.

7. DECREASE IN VALUE OF INVESTMETS

Decrease in value of Current Investments in the nature of stock in trade are provided at in aggregate for each category at difference between cost and market value (if lower than cost), at the balance sheet date. And decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Re. 1/-, as the case may be in accordance with Reserve Bank of India guidelines.

8. MISCELLANEOUS EXPENDITURE

Preliminary expenses are written off in 10 equal installments in each of accounting year.

9. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees shall be accounted as and when company becomes statutory liable.

10. CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.


Mar 31, 2003

1. BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not specifically referred to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognises Income and Expenditure on accrual basis except otherwise specified.

2. REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

3. FIXED ASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

4. DEPRECIATION

Depreciation on Fixed Assets has been provided on the straight-line method at the rates prescribed in schedule XIV of the Companies Act, 1956 and on additions on Pro-rata basis.

5. INVESTMENTS

Long Term Investments are stated at cost.

6. STOCK-IN-TRADE:

Current Investments in the nature of stock in trade are valued at cost.

7. DECREASE IN VALUE OF INVESTMETS

Decrease in value Current Investments in the nature of stock in trade are provided at in aggregate for each category at difference between cost and market value (if lower than cost), at the balance sheet date. And decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Re. 1/-, as the case may be in accordance with Reserve Bank of India guidelines.

8. MISCELLANEOUS EXPENDITURE

Preliminary expenses are written off in 10 equal installments in each of accounting year.

9 GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees shall be accounted as and when company becomes statutory liable.

10. CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.


Mar 31, 2002

1. BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not specifically referred to are consistent with generally accepted accounting policies The Company follows the mercantile system of accounting and recognises Income and Expenditure on accrual basis except otherwise specified.

2. REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

3. FIXED ASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

4. DEPRECIATION

Depreciation on Fixed Assets has been provided on the straight-line method at the rates prescribed in schedule XIV of the Companies Act, 1956 and on additions on Pro-rata basis.

5. INVESTMENTS

Long Term Investments are stated at cost.

6. STOCK-IN-TRADE :

Current Investments in the nature of stock in trade are valued at cost.

7. DECREASE IN VALUE OF INVESTMETS

Decrease in value Current Investments in the nature of stock in trade are provided at in aggregate for each category at difference between cost and market value (if lower than cost) , at the balance sheet date and decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Re. 1/-, as the case may be in accordance with Reserve Bank of India guidelines.

8. MISCELLANEOUS EXPENDITURE

Preliminary expenses are written off in 10 equal installments in each of accounting year.

9. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees shall be accounted as and when company become statutory liable.

10. CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.


Mar 31, 2001

1. BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in Accordance with applicable accounting standards except where otherwise stated. Accounting Policies not specifically referred to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognizes Income and Expenditure on accrual basis except otherwise specified.

2. REVENUE RECOGNITION

Expenses and income considered payable and receivable respectively have been accounted for on accrual basis. Where the ability to assess the ultimate collection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

3. FIXED ASSETS:

Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

4. DEPRECIATION

Depreciation on Fixed Assets has been provided on the straight-line method at the rates prescribed in schedule XIV of the Companies Act, 1956 and on additions on Pro-rata basis.

5. INVESTMENTS

Long Term Investments are stated at cost.

6. STOCK-IN-TRADE :

Current Investments in the nature of stock in trade are valued at cost less Provisions for diminution in value, if any .

7. DECREASE IN VALUE OF CURRENT INVESTMENTS

Decrease in value Current Investments in the nature of stock in trade are provided at in aggregate for each category at difference between cost and market value (if lower than cost) , at the balance sheet date, and decrease in value of unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shares at Re. 1/- , as the case may be in accordance with Reserve Bank of India guidelines.

8. MISCELLANEOUS EXPENDITURE

Preliminary expenses are written off in 10 equal installments in each of accounting year.

9. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees shall be accounted as and when company become statutory liable.

10. CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.


Mar 31, 2000

1. BASIS OF ACCOUNTING

The accounts of the Company are prepared under the historical cost convention and in According with applicable accounting standards except where otherwise stated Accounting Policies not specifically refereed to are consistent with generally accepted accounting policies. The Company follows the mercantile system of accounting and recognises Income and Expenditure on accrual basis except otherwise specified.

2. REVENUE RECOGNITION Expenses and income considered payable and receivable respectievely have been accounted for on accrual basis. Where the ability to assess the animate col1ection with reasonable certainty is lacking at the time of raising any claim, revenue recognition is postponed to the extent of uncertainty involved.

3. FIXED ASSETS : Fixed Assets are stated at cost of acquisition inclusive of freight, duties, taxes and incidental expenses less depreciation.

4. DEPRECIATION Depreciation on Fixed Assets has been provided on the straight-line method at the rates prescribed in schedule XIV of the Companies Act, 1956 and on additions on Pro-rata basis.

5. INVESTMENTS Investments ( Long Term, other and current investments) are stated at cost less provisions for diminution in value, if any and are held as "Stock in Trade".

6. PROVISION FOR DIMUNATION IN VALUE OF INVESTMENTS Provision for diminuation in value of Long Term-Quoted Investments and Current Investments are provided at in aggregate for each category at difference between cost and market value (if lower than cost), at the balance sheet date, and Provision for deminuation in value Other unquoted Investments are ascertained either from the latest balance sheet of the company, if available or value shres at Re. 1/- per stare , as the case may be in accordance with Reserve Bank of India guidelines.

7. MISCELLANEOUS EXPENDITURE

Preliminary expenses are written off in 10 equal installments in each of accounting yew.

8. GRATUITY & RETIREMENT BENEFITS

Retirement benefits, gratuity liability, medical reimbursement and Leave Payments to employees are accounted for on cash basis.

9. CONTINGENT LIABILITIES

Contingent liabilities are not provided and are disclosed by way of notes to accounts.

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