Mar 31, 2014
A) METHOD OF ACCOUNTING:
a) The financial statements are prepared on the historical cost
convention and in accordance with the generally accepted principles.
b) The company follows accrual system of accounting in the preparation
of accounts except where otherwise stated.
B) FIXED ASSETS:
a) Fixed assets are stated at actual cost. Actual cost is inclusive of
freight. Installation cost, duties, taxes and other incidental
expenses.
C) DEPRECIATION:
a) Depreciation is provided on written down value method at the rates
prescribed in schedule XIV of the Companies Act, 1956.
D) PRELIMINERY& DEFERRED REVENUE EXPENSE:
a) Preliminary expenses are written of over a period of Ten years.
E) TAXATION:
a) Provision for Income Tax is made after considering eligible
exemptions and deductions at the rate applicable under the Income Tax
Act, 1961.
b) Deferred tax is recognized on timing differences; being the
difference between taxable incomes and accounting income that originate
in one period and are capable of reversal in one or more subsequent
periods.
H) Additional Informations pursuant to part II and Part III of Schedule
VI of the Companies Act, 1956
Mar 31, 2013
A) METHOD OF ACCOUNTING:
a) The financial statements are prepared on the historical cost
convention and in accordance with the generally accepted principles.
b) The company follows accrual system of accounting in the preparation
of accounts except where otherwise stated.
B) FIXED ASSETS:
a) Fixed assets are stated at actual cost. Actual cost is inclusive of
freight. Installation cost, duties, taxes and other incidental
expenses.
b) Capital work-in-progress comprises the cost of fixed assets that are
not ready for their intended use at the balance sheet date.
C) DEPRECIATION:
a) Depreciation is provided on written down value method at the rates
prescribed in schedule XIV of the companies Act, 1956.
D) PRELIMINERY & DEFERRED REVENUE EXPENSES:
a) Preliminary expenses are written of over a period of Ten years.
E) TAXATION:
a) Provision for Income Tax is made after confederating eligible
exemptions and deductions at the rate applicable under the Income Tax
Act, 1961.
b) Deferred tax is recognized on timing differences; being the
difference between taxable incomes and accounting income that originate
in one period and are capable of reversal in one or more subsequent
periods.
G) Earnings per share(EPS) is computed in accordance with accounting
standards 20 Earning per share
Mar 31, 2012
Not Available
Mar 31, 2011
Not Available