Accounting Policies of Emgee Cables And Communications Ltd. Company

Mar 31, 2015

A) Basis of Accounting :

i) The accounts are prepared under the historical cost convention in accordance with generally accepted accounting principals.

ii) The Company generally follows mercantile system of accounting and recognise significant items of income and expenditure on accrual basis.

iii) Accounting policies not specifically referred are consistent and in accordance with generally accepted accounting principles.

b) Fixed Assets and Depreciation :

i) All fixed assets are stated at cost of acquisition and subsequent improvements there of.

ii) Depreciation on all fixed assets is provided on straight line method at the rates prescribed under schedule II to the Companies Act 2013.

iii) Leasehold land has been written off over the period of lease.

c) Investments : Investments are stated at cost. No adjustment is made in carrying cost for temporary decline in the value of investments which are strategic in nature and made on long term basis.

d) Inventories are valued as under :-

i) Raw Materials : At Cost

ii) Work-in-Process : At Cost

At Cost or Market Price Whichever is

iii) Finished Goods : lower

At Cost or Market Price Whichever is Manufactured : lower

Traded : At Cost

iv) Process Scrap/Waste : At Estimated Realisable value

v) Stock of Packing Material : At Cost

e) CENVAT Credit availed has been adjusted in the cost of respective inputs.

f) Retirement benefit :

The Company's contribution to recoganised provident fund pension fund and the superannuation funds are charged to revenue.

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Mar 31, 2014

A) Basis of Accounting:

i) The accounts are prepared under the historical cost convention in accordance with generally accepted accounting principle.

ii) The Company generally follows mercantile system of accounting and recognise significant items of income and expenditure on accrual basis.

iii) Accounting policies not specifically referred are consistent and in accordance with generally accepted accounting principles.

b) Fixed Assets and Depreciation :

i) All fixed assets are stated at cost of acquisition and subsequent improvements there of.

ii) Depreciation on all fixed assets is provided on straight line method at the rates prescribed under schedule XIV to the Companies Act, 1956.

iii) Leasehold land has been written off over the period of lease.

c) Investments : Investments are stated at cost. No adjustment is made in carrying cost for temporary decline in the value of investments which are strategic in nature and made on long term basis.

d) Inventories are valued as under :-

i) Raw Materials : At Cost

ii) Work-in-Process : At Cost

iii) Finished Goods : At Cost or market price whichever is lower

Manufactured : At Cost or market price whichever is lower

Traded : At Cost

iv) Process Scrap/Waste : At Estimated Realisable value

v) Stock of packing Material : At Cost

e) CENVAT Credits availed has been adjusted in the cost of respective inputs.

f) Retirement Benefit:

The Company''s contribution to recoganised provident fund, pension fund and the superannua- tion fund are charged to revenue.

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Mar 31, 2012

A) Basis of Accounting :

i) The accounts are prepared under the historical cost convention in accordance with generally accepted accounting principals.

ii) The Company generally follows mercantile system of accounting and recognise significant items of income and expenditure on accrual basis.

iii) Accounting policies not specifically referred are consistent and in accordance with generally accepted accounting principles.

b) Fixed Assets and Depreciation :

i) All fixed assets are stated at cost of acquisition and subsequent improvements there of.

ii) Depreciation on all fixed assets is provided on straight line method at the rates prescribed under schedule XIV to the Companies Act 1956.

iii) Leasehold land has been written off over the period of lease.

c) Sales are inclusive of exchange fluctuations on export receivables if any and excise duty but excludes sales tax. .

d) Investments : Investments are stated at cost. No adjustment is made in carrying cost for temporary decline in the value of investments which are strategic in nature and made on long term basis.

e) Inventories are valued as under

i) Raw Materials : At Cost-, .

ii) Work-in-Process : At Cost

iii) Finished Goods : At Cost cr Market Price Whichever is lower Manufactured : At Cost or Market Price Whichever is lower Traded : At Cost

iv) Process Scrap/Waste : At Estimated Realisable value

v) Stock of Packing Material : At Cost

vi) Stock of Share (if any) : At Cost

f) CENVAT Credit availed has been adjusted in the cost of respective inputs.

g) Retirement penerit:

The Company's contribution to recoganised provident fund pension fund and the superannuation furifJn mrm ahmrgmd to revenue.

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Mar 31, 2009

A) Basis of Accounting:

i) The accounts are prepared under the historical cost convention in accordance with generally accepted accounting principle.

ii) The Company generally follows mercantile system of accounting and recognise significant items of income and expenditure on accrual basis.

iii) Accounting policies not specifically referred are consistent and in accordance with generally accepted accounting principles.

b) Fixed Assets and Depreciation :

i) All fixed assets are staled at cost of acquisition and subsequent improvements there of.

ii) Depreciation on all fixed assets is provided on straightline method at the rates prescribed under schedule XIV to the Companies Act, 1956.

iii) Leasehold land has been written off over the period of lease.

c) Sales are inclusive of exchange fluctuations on export receivables, if any and excise duty but excludes sales tax.

d) Investments: Investments are stated at cost. No adjustment is made in carrying cost for temporary decline in the value of investments which are strategic in nature and made on long term basis.

e) Inventories are valued as under :-

i) Raw Materials : At Cost

ii) Work-in-Process : At Cost

iii) Finished Goods : At Cost or market price whichever is lower

Manufactured : At Cost or market price whichever is lower

Traded : At Cost

iv) Process Scrap/Waste : At Estimated Realisable value

v) Stock of packing Material : At Cost

vi) Stock of Share (if any) : At Cost

f) CENVAT Credits availed has been adjusted in the cost of respective inputs.

g) Retirement Benefit :

The Companys contribution to recoganised provident fund, pension fund and the superannuation fund are charged to revenue.