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Accounting Policies of Deltron Ltd. Company

Mar 31, 2014

A) System of Accounting:

The Company adopts the accrual basis in the preparation of the accounts and the same confirm to the prevalent mandatory accounting standards.

b) Sales:

Sales comprises of sale of goods and services, net of trade discounts and returns. Sale is accounted for after clearance of goods or rendering of services.

c) Employee Benefits:

Company''s contribution paid/payable during the year to provident fund and Employee State Insurance Corporation are recognized in the Profit and Loss Account.

Provision for gratuity has been made on the basis of actuarial valuation done every year using the Projected Unit Credit Method. Leave encashment is not applicable.

d) Investments:

All Long term investments are carried at cost less provision, if any, for decline in other than temporary value of such investments. Current Investments are valued at the lower of cost or fair value.

e) Fixed Assets:

Fixed Assets are capitalized at cost inclusive of expenses.

f) Depreciation:

Depreciation is provided on straight line method at the rates prescribed by Schedule XIV to the Companies Act, 1956, as amended on the original cost of the fixed assets. Depreciation on additions made during the year has been provided on pro-rata basis from the date of purchase. Similarly, for assets sold during the year, depreciation has been provided on pro-rata basis upto the date on which asset was sold.

g) Inventory:

Cost of inventory have been computed to include all costs of purchase and other costs incurred in bringing the inventories to their present location and condition.

i) Finished Goods, Stock-in-Trade and Work-in-Process are valued at cost or market value whichever is lower.

ii) Raw Material and other stocks are valued at cost or market price, whichever is lower.

iii) Slow Moving and Dead Stock are valued at net realisable/scrap value.

h) Taxation:

The current charge for income taxes is calculated in accordance with the relevant tax regulations applicable to the Company. Deferred tax assets and liabilities are recognized for future tax consequences attributable to the timing differences that result between the profit offered for income tax and the profit as per the financial statements. Deferred tax assets and liabilities are measured as per the tax rates/laws that have been enacted or substantively enacted by the Balance Sheet date.


Mar 31, 2013

A) System of Accounting :

The Company adopts the accrual basis in the preparation of the accounts and the same confirm to the prevalent mandatory accounting standards.

b) Sales:

Sales comprises of sale of goods and services, net of trade discounts and returns. Sale is accounted for after clearance of goods or rendering of services.

c) Employee Benefits :

Company''s contribution paid/ payable during the year to provident fund and Employee State Insurance Corporation are recognized in the Profit and Loss Account.

Provision for gratuity has been made on the basis of actuarial valuation done every year using the Projected Unit Credit Method. Leave encashment is not applicable.

d) Investments:

All Long term investments are carried at cost less provision, if any, for decline in other than temporary value of such investments. Current Investments are valued at the lower of cost or fair value.

e) Fixed Assets:

Fixed Assets are capitalized at cost inclusive of expenses.

f) Depreciation:

Depreciation is provided on straight line method at the rates prescribed by Schedule XIV to the Companies Act, 1956, as amended on the original cost of the fixed assets. Depreciation on additions made during the year has been provided on pro-rata basis from the date of purchase. Similarly, for assets sold during the year, depreciation has been provided on pro-rata basis upto the date on which asset was sold.

g) Inventory:

Cost of inventory have been computed to include all costs of purchase and other costs incurred in bringing the inventories to their present location and condition.

i) Finished Goods, Stock-in-Trade and Work-in-Process are valued at cost or market value whichever is lower. ii) Raw Material and other stocks are valued at cost or market price, whichever is lower. iii) Slow Moving and Dead Stock are valued at net realisable / scrap value. h) Taxation:

The current charge for income taxes is calculated in accordance with the relevant tax regulations applicable to the Company. Deferred tax assets and liabilities are recognized for future tax consequences attributable to the timing differences that result between the profit offered for income tax and the profit as per the financial statements. Deferred tax assets and liabilities are measured as per the tax rates/laws that have been enacted or substantively enacted by the Balance Sheet date.


Mar 31, 2012

A) System of Accounting:

The Company adopts the accrual basis in the preparation of the accounts and the same confirm to the prevalent mandatory accounting standards.

b) Sales:

Sales comprises of sale of goods and services, net of trade discounts and returns. Sale is accounted for after clearance of goods or rendering of services.

c) Employee Benefits:

Company's contribution paid/ payable during the year to provident fund and Employee State Insurance Corporation are recognized in the profit and Loss Account.

Provision for gratuity has been made on the basis of actuarial valuation done every year using the Projected Unit Credit Method. Leave encashment is not applicable.

d) Investments:

All Long term investments are carried at cost less provision, if any, for decline in other than temporary value of such investments. Current Investments are valued at the lower of cost or fair value.

e) Fixed Assets:

Fixed Assets are capitalized at cost inclusive of expenses.

f) Depreciation:

Depreciation is provided on straight line method at the rates prescribed by Schedule XIV to the Companies Act, 1956, as amended on the original cost of the fixed assets. Depreciation on additions made during the year has been provided on pro-rata basis from the date of purchase. Similarly, for assets sold during the year, depreciation has been provided on pro-rata basis upto the date on which asset was sold.

g) Inventory:

Cost of inventory have been computed to include all costs of purchase and other costs incurred in bringing the inventories to their present location and condition.

i) Finished Goods, Stock-in-Trade and Work-in-Process are valued at cost or market value whichever is lower.

ii) Raw Material and other stocks are valued at cost or market price, whichever is lower.

iii) Slow Moving and Dead Stock are valued at net realisable/scrap value.

h) Taxation:

The current charge for income taxes is calculated in accordance with the relevant tax regulations applicable to the Company. Deferred tax assets and liabilities are recognized for future tax consequences attributable to the timing differences that result between the profit offered for income tax and the profit as per the financial statements. Deferred tax assets and liabilities are measured as per the tax rates/laws that have been enacted or substantively enacted by the Balance Sheet date.


Mar 31, 2011

1) System of Accounting:

The Company adopts the accrual basis in the preparation of the accounts and the same confirm to the prevalent mandatory accounting standards.

2) Sales:

Sales comprises sale of goods and services, net of trade discounts and returns and is accounted for after clearance.

3) Employee Benefits:

Company's contribution paid/ payable during the year to provident fund and Employee State Insurance Corporation are recognized in the profit and Loss Account.

Provision for gratuity has been made on the basis of acturial valuation. Leave encashment is not applicable.

4) Investments:

All Long term investments are carried at cost less provision, if any, for decline in other than temporary value of such investments. Current Investments are valued at the lower of cost or fair value.

5) Fixed Assets:

Fixed Assets are capitalized at cost inclusive of expenses.

6) Depreciation:'

Depreciation is provided on straight line method at the rates prescribed by Schedule XIV to the Companies Act, 1956, as amended on the original cost of the fixed assets. Depreciation on additions made during the year has been provided on pro-rata basis from the date of purchase. Similarly, for assets sold during the year, depreciation has been provided on pro-rata basis upto the date on which asset was sold.

7) Inventory:

Cost of inventory have been computed to include all costs of purchase and other costs incurred in bringing the inventories to their present location and condition.

a) Finished Goods and Work-in-Process are valued at cost or market value whichever is lower.

b) Raw Material and other stocks are valued at cost or market price, whichever is lower.

c) Slow Moving and Dead Stock are valued at net realisable / scrap value.

8) Taxation:

The current charge for income taxes is calculated in accordance with the relevant tax regulations applicable to the Company. Deferred tax assets and liabilities are recognized for future tax consequences attributable to the timing differences that result between the profit offered for income tax and the profit as per the financial statements. Deferred tax assets and liabilities are measured as per the tax rates/laws that have been enacted or substantively enacted by the Balance Sheet date.


Mar 31, 2010

1) System of Accounting :

The Company adopts the accrual basis in the preparation of the accounts and the same confirm to the prevalent mandatory accounting standards.

2) Sales:

Sales comprise sale of goods and services, net of trade discounts and returns and are accounted after clearance.

3) Employee Benefits:

Companys contribution paid/payable during the year to provident fund and Employee State Insurance Corporation are recognized in the profit and Loss Account.

Provision for gratuity has been made on the basis of acturial valuation. Leave encashment is not applicable.

4) Investments:

All Long term investments are carried at cost less provision, if any, for decline in other than temporary value of such investments. Current Investments are valued at the lower of cost or fair value.

5) Fixed Assets:

Fixed Assets are capitalized at cost inclusive of expenses.

6) Depreciation:

Depreciation is provided on straight line method at the rates prescribed by Schedule XIV to the Companies Act, 1956, as amended on the original cost of the fixed assets. Depreciation on additions made during the year has been provided on pro-rata basis from the date of purchase. Similarly, for assets sold during the year, depreciation has been provided on pro-rata basis upto the date on which asset was sold.

7) Inventory:

Cost of inventory have been computed to include all costs of purchase and other costs incurred in bringing the inventories to their present location and condition.

a) Finished Goods and Work-in-Process are valued at cost or market value whichever is lower.

b) Raw Material and other stocks are valued at cost or market price, whichever is lower.

c) Slow Moving and Dead Stock are valued at net realisable / scrap value.

8) Taxation:

The current charge for income taxes is calculated in accordance with the relevant tax regulations applicable to the Company. Deferred tax assets and liabilities are recognized for future tax consequences attributable to the timing differences that result between the profit offered for income tax and the profit as per the financial statements. Deferred tax assets and liabilities are measured as per the tax rates/laws that have been enacted or substantively enacted by the Balance Sheet date.

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