Mar 31, 2014
The financial statements of the Company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The Company has prepared these financial statements to
comply in all material respects with the applicable accounting
standards notified under the Companies (Accounting Standards) Rules,
2006 and relevant presentational requirements of the Companies Act,
1956. The financial statements have been prepared on an accrual basis
and under the historical cost convention. Accounting policies not
stated explicitly otherwise are consistent with the generally accepted
accounting principles.
a. Presentation and disclosure of financial statements
The financial statements are prepared as per revised Schedule VI
notified under the Companies Act, 1956.
b. Tangible fixed assets
Tangible fixed assets are stated at their original cost including
incidental expenses related to acquisition and installation, less
accumulated depreciation.
c. Depreciation on tangible fixed assets
Depreciation on all tangible fixed assets has been provided on straight
line method as per the rates prescribed in Schedule XIV to the
Companies Act, 1956. Depreciation on assets acquired and/or sold during
the year is provided on pro-rata basis.
d. Investments
Long term investments are carried at cost and any diminution in value
is not recognized as the same is considered to be temporary in nature.
e. Inventories
Inventories of Materials and Printing Consumables are valued at lower
of cost and net realiseable value after providing for obsolescence and
other losses wherever considered necessary.
f. Income Recognition
Revenue is recognized to the extent that it is probable that the
economic benefits will flow to the Company and the revenue can be
reliably measured. Revenue from sale of goods is recognized when all
the significant risks and rewards of ownership of the goods have been
passed to the buyer. Revenues from services are recognized when the
services are rendered. The Company collects applicable Sales Tax and
Value Added Tax on behalf of the Government and therefore these are not
economic benefits flowing to the Company and are excluded from the
revenue.
g. Employee benefits
The Company''s employees are covered under the Employees Group
Gratuity Assurance Scheme of Life Insurance Corporation of India. The
Company accounts for Gratuity liability equivalent to the premium
amount payable to Life Insurance Corporation of India every year. Bonus
is accounted on cash basis.
h. Taxes on Income
Current Tax is the amount of tax payable on the taxable income for the
year as determined in accordance with the provisions of the Income Tax
Act, 1961. Deferred tax is recognized on timing differences, being the
differences between the taxable income and the accounting income that
originate in one period and are capable of reversal in one or more
subsequent periods. Deferred tax is measured using the tax rates and
the tax laws enacted or substantially enacted as at the reporting date.
Deferred tax liabilities are recognized for all timing differences.
Deferred tax assets are recognized only if there is virtual certainty
that there will be sufficient future taxable income available to
realize such assets and are reviewed at each Balance Sheet date.
b. Terms / rights attached to equity shares
The Company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share.
c. Aggregate number of bonus shares issued, shares issued for
consideration other than cash and shares bought back during the period
of five years immediately preceding the reporting date
The Company has neither issued any bonus shares nor for consideration
other than cash and has also not bought back any shares during the
period of five years immediately preceding the reporting date.
d. Details of shareholder holding more than 5 % shares in the Company
(As per the records of the Company)
Equity shares of Rs. 10 each fully paid
Mar 31, 2013
The financial statements of the Company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The Company has prepared these financial statements to
comply in all material respects with the applicable accounting
standards notified under the Companies (Accounting Standards) Rules,
2006 (as amended) and relevant presentational requirements of the
Companies Act, 1956. The financial statements have been prepared on an
accrual basis and under the historical cost convention. Accounting
policies not stated explicitly otherwise are consistent with the
generally accepted accounting principles.
a. Presentation and disclosure of financial statements
The financial statements are prepared as per revised Schedule VI
notified under the Companies Act, 1956.
b. Tangible fixed assets
Tangible fixed assets are stated at their original cost including
incidental expenses related to acquisition and installation, less
accumulated depreciation.
c. Depreciation on tangible fixed assets
Depreciation on all tangible fixed assets has been provided on straight
line method as per the rates prescribed in Schedule XIV to the
Companies Act, 1956. Depreciation on assets acquired and/or sold during
the year is provided on pro-rata basis.
d. Investments
Long term investments are carried at cost and any diminution in value
is not recognized as the same is considered to be temporary in nature.
e. Inventories
Inventories of Materials and Printing Consumables are valued at lower
of cost and net realiseable value after providing for obsolescence and
other losses wherever considered necessary.
f. Income Recognition
Revenue is recognized to the extent that it is probable that the
economic benefits will flow to the Company and the revenue can be
reliably measured. Revenue from sale of goods is recognized when all
the significant risks and rewards of ownership of the goods have been
passed to the buyer. Revenues from services are recognized when the
services are rendered. The Company collects applicable Sales Tax and
Value Added Tax on behalf of the Government and therefore these are not
economic benefits flowing to the Company and are excluded from the
revenue.
g. Employee benefits
The Company''s employees are covered under the Employees Group Gratuity
Assurance Scheme of Life Insurance Corporation of India. The Company
accounts for Gratuity liability equivalent to the premium amount
payable to Life Insurance Corporation of India every year. Bonus is
accounted on cash basis.
h. Taxes on Income
Current Tax is the amount of tax payable on the taxable income for the
year as determined in accordance with the provisions of the Income Tax
Act, 1961.
Deferred tax is recognized on timing differences, being the differences
between the taxable income and the accounting income that originate in
one period and are capable of reversal in one or more subsequent
periods. Deferred tax is measured using the tax rates and the tax laws
enacted or substantially enacted as at the reporting date. Deferred tax
liabilities are recognized for all timing differences. Deferred tax
assets are recognized only if there is virtual certainty that there
will be sufficient future taxable income available to realize such
assets and are reviewed at each Balance Sheet date.
Mar 31, 2012
The financial statements of the Company have been prepared in
accordance with generally accepted accounting principles in India
(Indian GAAP). The Company has prepared these financial statements to
comply in all material respects with the applicable accounting
standards notified under the Companies (Accounting Standards) Rules,
2006 (as amended) and relevant presentational requirements of the
Companies Act, 1956. The financial statements have been prepared on an
accrual basis and under the historical cost convention. Accounting
policies not stated explicitly otherwise are consistent with the
generally accepted accounting principles.
a.Presentation and disclosure of financial statements
During the year ended 31st March 2012, the revised Schedule VI notified
under the Companies Act, 1956, has become applicable to the Company,
for the preparation and presentation of its financial statements. The
Company has also reclassified the previous year figures in accordance
with the requirements applicable in the current year.
b.Tangible fixed assets
Tangible fixed assets are stated at their original cost including
incidental expenses related to acquisition and installation, less
accumulated depreciation.
c.Depreciation on tangible fixed assets
Depreciation on all tangible fixed assets has been provided on straight
line method as per the rates prescribed in Schedule XIV to the
Companies Act, 1956. Depreciation on assets acquired and/or sold during
the year is provided on pro-rata basis.
d.Investments
Long term investments are carried at cost and any diminution in value
is not recognized as the same is considered to be temporary in nature.
e.Inventories
Inventories of Materials and Printing Consumables are valued at lower
of cost and net realiseable value after providing for obsolescence and
other losses where considered necessary.
f.Income Recognition
Revenue is recognized to the extent that it is probable that the
economic benefits will flow t o the Company and the revenue can be
reliably measured. Revenue from sale of goods are recognized when all
the significant risks and rewards of ownership of the goods have been
passed to the buyer. Revenues from services are recognized when the
services are rendered. The Company collects applicable Sales Tax, Value
Added Tax and Service Tax on behalf of the Government and therefore
these are not economic benefits flowing to the Company and are excluded
from the revenue.
g.Employee benefits
The CompanyÃs employees are covered under the Employees Group
Gratuity Assurance Scheme of Life Insurance Corporation of India. The
Company accounts for Gratuity liability equivalent to the premium
amount payable to Life Insurance Corporation of India every year.
Bonus is accounted on cash basis.
h.Taxes on Income
Current Tax is the amount of tax payable on the taxable income for the
year as determined in accordance with the provisions of the Income Tax
Act, 1961.
Deferred tax is recognized on timing differences, being the differences
between the taxable income and the accounting income that originate in
one period and are capable of reversal in one or more subsequent
periods. Deferred tax is measured using the tax rates and the tax laws
enacted or substantially enacted as at the reporting date. Deferred tax
liabilities are recognized for all timing differences. Deferred tax
assets are recognized only if there is virtual certainty that there
will be sufficient future taxable income available to realize such
assets and are reviewed at each Balance Sheet date.
Mar 31, 2010
A. Accounting Convention
The accompanying financial statements are prepared under the historical
cost convention in accordance with applicable accounting standards and
relevant presentational requirements of the Companies Act, 1956.
Accounting policies not stated explicitly otherwise are consistent with
the generally accepted accounting principles.
b. Fixed Assets
Fixed Assets are stated at their original cost including incidental
expenses related to acquisition and installation, less accumulated
depreciation.
c. Depreciation
Depreciation on all fixed assets has been provided on straight fine
method as per the rates prescribed in Schedule XIV to the Companies
Act, 1956. Depreciation on assets acquired and/or sold during the year
is provided on pro-rata basis.
d. Investments
Investments are carried at cost and any diminution in value is not
recognized as the same is considered to be temporary in nature.
e. Inventories
Inventor es of Materials and Printing Consumables are valued at lower
of cost and net realiseable value.
f. Income Recognition
Sales tax and Service Tax collections are treated as liability and not
as revenue of the Company.
g. Employee benefits
The Companys employees are covered under the Employees Group Gratuity
Assurance Scheme of Life Insurance Corporation of India. The Company
accounts for Gratuity liability equivalent to the premium amount
payable to Life Insurance Corporation of India every year and the same
is included under Salaries, Wages & Other Emoluments. Bonus is
accounted on cash basis.
h. Provision for Taxation
Provision for Tax is made for both current and deferred taxes.
Provision for current income tax is made in accordance with the Indian
Income Tax Act, 1961. The Company provides for deferred tax based on
the tax effect of timing differences resulting from the recognition of
items in the financial statements and in estimating its current tax
liability. Deferred tax asset is recognized if there is a reasonable
certainty of realization. The effect of deferred taxes of a change in
tax rates is recognized in the Profit & Loss Account and.is reviewed at
the end of each year.