Mar 31, 2014
I) These accounts are prepared on the historical cost basis and on the
accounting principles of a going concern.
ii) Accounting policies not specifically referred to otherwise are
consistent and in consonance with generally accepted accounting
principles.
Revenue Recognition:
The Company follows the mercantile system of Accounting and recognizes
income and expenditure on accrual basis.
Investments:
Investments are stated at cost i.e., cost of acquisition, inclusive of
expenses incidental to acquisition wherever applicable.
Fixed Assets:
Fixed assets are stated at cost less accumulated depreciation. Cost of
acquisition of fixed assets is inclusive of freight, duties, taxes and
incidental expenses thereto.
Taxation:
The current charge for income tax is calculated in accordance with the
relevant tax regulations applicable to the Company. Deferred tax asset
and liability is recognised 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
asset & liability are measured as per the tax rates/laws that have been
enacted or substantively enacted by the Balance Sheet date.
Earnings per Share:
The earning considered in ascertaining the company''s earnings per share
comprises net profit after tax. The number of shares used in computing
basic earnings per share is the weighted average number of shares
outstanding during the year.
Gratuity:
No provision for gratuity has been made as no employee has put in
qualifying period of service for entitlement of this benefit.
Mar 31, 2012
(i) These accounts are prepared on the historical cost basis and on the
accounting principles of a going concern.
(ii) Accounting policies not specifically referred to otherwise are
consistent and in consonance with generally accepted accounting
principles.
Revenue Recognition:
The Company follows the mercantile system of Accounting and recognizes
income and expenditure on accrual basis.
Investments:
Investments are stated at cost i.e., cost of acquisition, inclusive of
expenses incidental to acquisition wherever applicable.
Fixed Assets :
Fixed assets are stated at cost less accumulated depreciation. Cost of
acquisition of fixed assets is inclusive of freight, duties, taxes and
incidental expenses thereto.
Taxation:
The current charge for income tax is calculated in accordance with the
relevant tax regulations applicable to the Company. Deferred tax asset
and liability is recognised 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
asset & liability are measured as per the tax rates/laws that have been
enacted or substantively enacted by the Balance Sheet date.
Earnings Per Share:
The earning considered in ascertaining the companyÃs earnings per
share comprises net profit after tax. The number of shares used in
computing basic earnings per share is the weighted average number of
shares outstanding during the year.
Gratuity:
No provision for gratuity has been made as no employee has put in
qualifying period of service for entitlement of this benefit.
Mar 31, 2010
Not Available