Mar 31, 2015
(a) FIXED ASSETS : Fixed Assets are stated at Cost less depreciation
and inclusive of expenses upto Commissioning / putting the assets to
use.
(b) DEPRECIATION: Depreciation is systematicaliy allocated over the
useful life of the asset as specified in Schedule II of Companies
Act,2013.
(c) INVENTORIES: Inventories of landed properties are valued at cost of
acquisition to the company or market rate value whicheve is lower. In
respect of construction, work-in-progress, the Company has adopted
completed Contract method of accounting and hence carried over the cost
of work-in-progress
(d) INVESTMENTS: No Provision for diminution in the value of investment
is made in the books as the Company is valuing investments at cost
consistently and provision for diminution in value of long term
Investments is made only if, such a decline is permanent in the opinion
of the Management.
(e) RECOGNITION OF INCOME AND EXPENDITURE : Items of Income and
Expenditure are Recognised on accrual basis except otherwise stated in
notes to Accounts or where the same are not in the knowledge in the
ordinary course of business.
(f) FOREIGN EXCHANGE TRANSACTIONS : The transactions in foreign
currency are recorded at the exchange rate prevailing on the date of
the transactions which define to be date of Invoice Monetary Assets &
Liabilities denominated in Foreign currency are translated at the rate
of exchange at the balance sheet date and resulatant gain or loss is
recognised in the profit and loss account.
(g) IMPAIRMENT OF ASSETS : The carrying amounts of assets are reviewed
at each Balance sheet date for any Indication of impairment based on
internal/external factors. An asset is treated as impaired when the
carrying cost of the asset exceeds its recoverable value. An impairment
loss if any, is charged to Profit and Loss Account in the year in which
an asset is identified as impaired. Reversal of impairment losses
recognised in prior years in is recorded when there is an indication
that the impairment losses recognised for the assets no longer exits or
have decreased.
(h) RETIREMENT & OTHER BENEFITS:
(I) Contribution to the Provident Fund are charged to Profit & loss
account each year, (ii) The Company has opted for the Group Gratuity -
cum - Life Assurance Fund of The Life Insurance Corporation of India
(LIC). The Company''s contribution to the Scheme is charged to the
Profit & Loss A/c. for the year.
(i) PROVISION FOR CURRENT & DEFFERED TAX : The provision for current
tax is made after taking into consideration benefit admissible and
applicability of Minimum Alternate Tax under the provision of Income
Tax Act, 1961. Deffered Tax which is resulting on account of timing
difference between taxable and accounting income is accounted for
applying the tax rate and laws that are acted or substantively acted as
on balance sheet date. It is reconised subject to prudence.
(j) SEGMENT REPORTING:Segments are indentified having regard to the
dominant source and nature of risks and returns the internal
organisation and management structure. Inter segment revenue are
accounted on the basis of transactions which are primarily market led.
Revenue and expenses which relate to the enterprise as a whole and are
not attributable to segments are included in unallocable expenses.
Mar 31, 2014
(a) FIXED ASSETS : Fixed Assets are stated at cost less depreciation
and inclusive of expenses upto commissioning/putting the assets to use.
(b) DEPRECIATION : Depreciation on the Fixed Assets has been provided
on the Straight Line Method at the rates provided and in the manner
prescribed in the Schedule - XIV of the Companies Act, 1956.
(c) INVENTORIES : Inventories of land properties are valued at cost of
acquisition to the Company or market rate which ever is lower. In
respect of construction work-in-progress, the Company has adopted
Completed Contract Method of accounting and hence carried over the cost
of work-in progress.
(d) INVESTMENTS : No provision for diminution in the value of
investment is made in the books as the Company is valuing investments
at cost consistently and provision for diminution in value of long term
investments is made only if such decline is permanent in the opinion of
the Management.
(e) RECOGNITION OF INCOME AND EXPENDITURE : Items of Income and
Expenditure are recognised on accrual basis except otherwise stated in
notes to accounts or where the same are not in the knowledge in the
ordinary course of business.
(f) FOREIGN EXCHANGE TRANSACTIONS: The transactions in Foreign Currency
are recorded at the exchange rate prevailing on the date of the
transactions which define to be date of invoice. Monetary Assets &
Liabilities denominated in Foreign Currency are translated at the rate
of exchange at the Balance Sheet date and resultant gain or loss is
recognised in the Profit & Loss Account.
(g) IMPAIRMENT OF ASSETS : The carrying amounts of assets are reviewed
at each Balance Sheet date for any indication of impairment based on
internai/external factors. An asset is treated as impaired when the
carrying cost of the asset exceeds its recoverable value. An impairment
loss if any, is charged to Profit and Loss Account in the year in which
an asset is identified as impaired. Reversal of impairment losses
recognised in prior years is recorded when there is an indication that
the impairment losses recognised for the assets no longer exist or have
decreased.
(h) RETIREMENT & OTHER BENEFITS:
(i) Contribution to the Provident Fund are charged to revenue each
year.
(ii) The Company has opted for the Group Gratuity-cum-Life Assurance
Fund of the Life Insurance Corporation of India (LIC). The Company's
contribution to the scheme is charged to the Profit & Loss a/c for the
year.
(I) TAXES ON INCOME : The Company is providing and determining current
tax as the amount of tax payable in respect of taxable income for the
period. Deferred Tax is recognised on liming difference between taxable
income and accounting income subject to prudence.
(j) SEGMENT REPORTING : Segments are indentified having regard to the
dominant source and nature of risks and returns the internal
organisation and management structure. Inter segment revenue are
accounted on the basis of transactions which are primarily market led.
Revenue and expenses which relate to the enterprise as a whole and are
not attributable to segments are included in unallocable expenses.
Mar 31, 2013
(a) FIXED ASSETS : Fixed Assets are stated at Cost less depreciation
and inclusive of expenses upto Commissioning/putting the assets to use.
(b) DEPRECIATION : Depreciation on the Fixed Assets has been provided
on the Straight Line Method at the rates provided and in the manner
prescribed in the Schedule - XIV of the Companies Act, 1956.
(c) INVENTORIES : Inventories of landed properties are valued at cost
of acquisition to the Company or market rate which ever is lower. In
respect of construction work-in-progress, the Company has adopted
completed Contract method of accounting and hence carried over the cost
of work-in progress.
(d) INVESTMENTS : No Provision for diminution in the value of
investment is made in the books as the Company is valuing investments
at cost consistently and provision for diminution in value of long term
Investments is made only if such decline is permanent in the opinion of
the Management.
(e) RECOGNITION OF INCOME AND EXPENDITURE : Items of Income and
Expenditure are Recognised on accrual basis except otherwise stated in
notes to Accounts or where the same are not in the knowledge in the
ordinary course of business.
(f) FOREIGN EXCHANGE TRANSACTIONS: The transactions in foreign currency
are recorded at the exchange rate prevailing on the date of the
transactions which define to be date of invoice. Monetary Assets &
Liabilities denominated in Foreign currency are translated at the rate
of exchange at the balance sheet date and resultant gain or loss is
recognised in the profit & loss account.
(g) IMPAIRMENT OF ASSETS : The Carrying amounts of assets are reviewed
at each Balance Sheet date for any indication of impairment based on
internal/external factors. An asset is treated as impaired when the
carrying cost of the asset exceeds its recoverable value. An impairment
loss if any, is charged to Profit and Loss Account in the year in which
an asset is identified as impaired. Reversal of impairment losses
recognised in prior years is recorded when there is an indication that
the impairment losses recognised for the assets no longer exist or have
decreased.
(h) RETIREMENT & OTHER BENEFITS:
(i) Contribution to the Provident Fund are charged to revenue each
year.
(ii) The company has opted for the Group Gratuity-cum-Life Assurance
Fund of the Life
Insurance Corporation of India (LIC). The company''s contribution to the
scheme is charged to the Profit & Loss A/c for the year.
(I) TAXES ON INCOME : The Company is providing and determining current
Tax as the amount of tax payable in respect of taxable income for the
period. Deferred Tax is recognised on timing difference between taxable
income and accounting income subject to prudence.
(j) SEGMENT REPORTING : Segments are indentified having regard to the
dominant source and nature of risks and returns the internal
organisation and management structure. Inter segment revenue are
accounted on the basis of transactions which are primarily market led.
Revenue and expenses which relate to the enterprise as a whole and are
not attributable to segments are included in unallocable expenses.
Mar 31, 2012
(a) FIXED ASSETS : Fixed Assets are stated at Cost less depreciation
and inclusive of expenses up to Commissioning/putting the assets to use.
(b) DEPRECIATION : Depreciation on the Fixed Assets has been provided
on the Straight Line Method at the rates provided and in the manner
prescribed in the Schedule - XIV of the Companies Act, 1956.
(c) INVENTORIES : Inventories of landed properties are valued at cost
of acquisition to the Company or market rate whichever is lower. In
respect of construction work-in-progress, the Company has adopted
completed Contract method of accounting and hence carried over the cost
of work-in progress.
(d) INVESTMENTS : No Provision for diminution in the value of
investment is made in the books as the Company is valuing investments
at cost consistently and provision for diminution in value of long term
Investments is made only if such decline is permanent in the opinion of
the Management.
(e) RECOGNITION OF INCOME AND EXPENDITURE : Items of Income and
Expenditure are Recognized on accrual basis except otherwise stated in
notes to Accounts or where the same are not in the knowledge in the
ordinary course of business.
(f) FOREIGN EXCHANGE TRANSACTIONS: The transactions in foreign currency
are recorded at the exchange rate prevailing on the date of the
transactions which define to be date of invoice. Monetary Assets &
Liabilities denominated in Foreign currency are translated at the rate
of exchange at the balance sheet date and resultant gain or loss is
recognized in the profit & loss account.
(g) IMPAIRMENT OF ASSETS : The Carrying amounts of assets are reviewed
at each Balance Sheet date for any indication of impairment based on
internal/external factors. An asset is treated as impaired when the
carrying cost of the asset exceeds its recoverable value. An impairment
loss if any, is charged to Profit and Loss Account in the year in which
an asset is identified as impaired. Reversal of impairment losses
recognized in prior years is recorded when there is an indication that
the impairment losses recognized for the assets no longer exist or have
decreased.
(h) RETIREMENT & OTHER BENEFITS:
(i) Contribution to the Provident Fund are charged to revenue each
year.
(ii) The company has opted for the Group Gratuity-cum-Life Assurance
Fund of the Life Insurance Corporation of India (LIC). The company's
contribution to the scheme is charged to the Profit & Loss A/c for the
year.
(I) TAXES ON INCOME : The Company is providing and determining current
Tax as the amount of tax payable in respect of taxable income for the
period. Deferred Tax is recognized on timing difference between taxable
income and accounting income subject to prudence.
(j) SEGMENT REPORTING : Segments are indentified having regard to the
dominant source and nature of risks and returns the internal
organization and management structure. Inter segment revenue are
accounted on the basis of transactions which are primarily market led.
Revenue and expenses which relate to the enterprise as a whole and are
not attributable to segments are included in unallowable expenses.
Mar 31, 2011
(a) FIXED ASSETS : Fixed Assets are stated at Cost less depreciation
and inclusive of expenses upto Commissioning/putting the assets to use.
Govt. grant received against particular asset is reduced out of cost of
asset.
(b) DEPRECIATION : Depreciation on the Fixed Assets has been provided
on the Straight Line Method at the rates provided and in the manner
prescribed in the Schedule - XIV of the Companies Act, 1956.
(c) INVENTORIES : Inventories of landed properties are valued at cost
of acquisition to the Company or market rate which ever is lower. In
respect of construction work-in-progress, the Company has adopted
completed Contract method of accounting and hence carried over the cost
of work-in progress.
(d) INVESTMENTS : Investments are valued at Cost. Provision for
diminution in the value of Long Term Investments is made only if, such
a decline is permanent in the opinion of the Management.
(e) RECOGNITION OF INCOME AND EXPENDITURE : Items of Income and
Expenditure are Recognised on accrual basis except otherwise stated in
notes to Accounts or where the same are not in the knowledge in the
ordinary course of business.
(f) FOREIGN EXCHANGE TRANSACTIONS: The transactions in foreign currency
are recorded at the exchange rate prevailing on the date of the
transactions which define to be date of invoice. Monetary Assets &
Liabilities denominated in Foreign currency are translated at the rate
of exchange at the balance sheet date and resultant gain or loss is
recognised in the profit & loss account.
(g) IMPAIRMENT OF ASSETS : The Carrying amounts of assets are reviewed
at each Balance Sheet date for any indication of impairment based on
internal/external factors. An asset is treated as impaired when the
carrying cost of the asset exceeds its recoverable value. An impairment
loss if any, is charged to Profit and Loss Account in the year in which
an asset is identified as impaired. Reversal of impairment losses
recognised in prior years is recorded when there is an indication that
the impairment losses recognised for the assets no longer exist or have
decreased.
(h) RETIREMENTS OTHER BENEFITS:
(i) Contribution to the Provident Fund are charged to revenue each
year.
(ii) The company has opted for the Group Gratuity-cum-Life Assurance
Fund of the Life
Insurance Corporation of India (LIC). The company's contribution to the
scheme is charged to the Profit & Loss A/c for the year.
(i) TAXES ON INCOME : The Company is providing and determining current
Tax as the amount of tax payable in respect of taxable income for the
period. Deferred Tax is recognised on timing difference between taxable
income and accounting income subject to prudence.
(j) SEGMENT REPORTING : Segments are indentified having regard to the
dominant source and nature of risks and returns the internal
organisation and management structure. Inter segment revenue are
accounted on the basis of transactions which are primarily market led.
Revenue and expenses which relate to the enterprise as a whole and are
not attributable to segments are included in unallocable expenses.
Mar 31, 2010
(a) FIXED ASSETS : Fixed Assets are stated at Cost less depreciation
and inclusive of expenses upto Commissioning/putting the assets to use.
Cost is reduced by Govt, grant received against particular Assets.
(b) DEPRECIATION : Depreciation on the Fixed Assets has been provided
on the Straight line method at the rates provided and in the manner
prescribed in the Schedule - XIV of the Companies Act, 1956.
(c) INVENTORIES : Inventories of landed properties are valued at cost
of acquisition to the Company or market rate which ever is lower. In
respect of construction, works-in-progress, the Company has adopted
completed Contract method of accounting and hence carried over the cost
of works-in progress.
(d) INVESTMENTS : Investments are valued at Cost, Provision for
Diminution in the value of Long Term Investments is made only if, such
a decline is permanent in the opinion of the Management.
(e) RECOGNITION OF INCOME AND EXPENDITURE : Items of Income and
Expenditure are Recognised on accrual basis except otherwise stated in
notes to Accounts or where the same are not in the knowledge in the
ordinary course of business.
(f) FOREIGN EXCHANGE TRANSACTIONS: The transactions in foreign currency
are recorded at the exchange rate prevailing on the date of the
transactions which define to be date of invoice. Monetary Assets &
Liabilities denominated in Foreign currency are translated at the rate
of exchange at the balance sheet date and resultant gain or loss is
recognised in the profit & loss account.
(g) IMPAIRMENT OF ASSETS : The Carrying amounts of assets are reviewed
at each Balance Sheet date for any indication of impairment based on
internal/external Factors An asset is treated as impaired when the
carrying cost of the assets exceeds its recoverable value. An
impairment loss if any, is charged to Profit and Loss Account in the
year in which an asset is identified as impaired. Reversal of
impairment losses recognised in prior years is recorded when there is
an indication that the impairment losses recognised for the assets no
longer exist or have decreased.
(h) RETIREMENT & OTHER BENEFITS :
(i) Contribution to the Provident Fund are charged to revenue each year
(ii) The company has opted for the Group Gratuity-cum-Life Assurance
Fund of the Life
Insurance Corporation of India (LIC). The companys contribution to the
scheme is charged to the Profit & Loss A/c for the year.
(I) TAXES ON INCOME : The Company is providing and determining current
Tax as the amount of tax payable in respect of taxable income for the
period. Deferred Tax is recognised on timing difference between taxable
income and accounting income subject to prudence.
(j) SEGMENT REPORTING : Segments are indentified having regard to the
dominant source and nature of risks and returns the internal
organisation and management structure. Inter segment revenue are
accounted on the basis of transactions which are primarily market led.
Revenue and expenses which relate to the enterprise as a whole and are
not attributable to segments are included in unallocable expenses.