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Accounting Policies of Rose Investments Ltd. Company

Mar 31, 2015

1.1 Basis of accounting and preparation of Financial Statements

The Company maintains its accounts on accrual basis.

The financial statements have been prepared in accordance with applicable Accounting Standards and relevant presentational requirements of the Companies Act,1956, unless otherwise stated and are based on historical cost convention.

Accounting policies have been consistently applied except where a newly issued accounting standard has been adopted for the first time or a revision to an existing standard requires a change in the accounting policy hitherto in use.

1.2 Investments

Non-current Investments are carried individually at cost less provision for diminution, other than temporary, in the value of such investments.

1.3 Revenue recognition Other Income

Bank interest on deposits is accounted on accrual basis.

Bank interest, other than on deposits, is accounted for on receipt basis.

Dividend income is recognised when right to receive it is established.

1.4 Taxes on Income

Tax on income for the current period is determined on the basis of taxable income computed in accordance with the provisions of the Income Tax Act, 1961.

The Company has no deferred tax liability as defined in Accounting Standard AS- 22.

1.5 Earnings per share

Basic and diluted earnings per share is computed by dividing net profit after tax by weighted average number of shares outstanding during the year.

There are no dilutive potential equity shares.

1.6 Segment Reporting

Since the Company's primary activity is to invest in shares and securities, the Company has only one reportable segment.

1.7 Provisions and Contingent Liabilities

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Contingent liabilities are not recognised in the financial statements.

1.8 Related Party Disclosures

Name of the party Nature of relationship

Chemicals & Ferro Alloys Ltd. Company holding substantial voting power

There were no transactions with related party during the year.

1.9 Previous year's figures have been regrouped wherever necessary to conform to this year's classification.


Mar 31, 2014

1.1 Basis of accounting and preparation of Financial Statements

The Company maintains its accounts on accrual basis.

The financial statements have been prepared in accordance with applicable Accounting Standards and relevant presentational requirements of the Companies Act,1956, unless otherwise stated and are based on historical cost convention.

Accounting policies have been consistently applied except where a newly issued accounting standard has been adopted for the first time or a revision to an existing standard requires a change in the accounting policy hitherto in use.

1.2 Investments

Non-current Investments are carried individually at cost less provision for diminution, other than temporary, in the value of such investments.

1.3 Revenue recognition

Bank interest on deposits is accounted on accrual basis.

Bank interest, other than on deposits, is accounted for on receipt basis.

Dividend income is recognised when right to receive it is established.

1.4 Taxes on Income

Tax on income for the current period is determined on the basis of taxable income computed in accordance with the provisions of the Income Tax Act, 1961.

The Company has no deferred tax liability as defined in Accounting Standard AS- 22.

1.5 Earnings per share

Basic and diluted earnings per share is computed by dividing net profit after tax by weighted average number of shares outstanding during the year.

There are no dilutive potential equity shares.

1.6 Segment Reporting

Since the Company''s primary activity is to invest in shares and securities, the Company has only one reportable segment.

1.7 Provisions and Contingent Liabilities

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Contingent liabilities are not recognised in the financial statements.


Mar 31, 2013

1.1 Basis of accounting and preparation of Financial Statements The Company maintains its accounts on accrual basis.

The financial statements have been prepared in accordance with applicable Accounting Standards precribed by Companies (Accounting Standard''s) Rule,2006 and relevant presentational requirements of the Companies Act, 1956, unless otherwise stated and are based on historical cost convention.

Accounting policies have been consistently applied except where a newly issued accounting standard has been adopted for the first time or a revision to an existing standard requires a change in the accounting policy hitherto in use.

1.2 Investments

Non-current Investments are carried individually at cost less provision for diminution, other than temporary, in the value of such investments.

1.3 Revenue recognition

Bank interest on deposits is accounted on accrual basis.

Bank interest, other than on deposits, is accounted for on receipt basis.

Dividend income is recognised when right to receive it is established.

1.4 Taxes on Income

Tax on income for the current period is determined on the basis of taxable income computed in accordance with the provisions of the Income Tax Act, 1961.

The Company has no deferred tax liability as defined in Accounting Standard AS- 22.

1.5 Earnings per share

Basic and diluted earnings per share is computed by dividing net profit after tax by weighted average number of shares outstanding during the year.

There are no dilutive potential equity shares.

1.6 Segment Reporting

Since the Company''s primary activity is to invest in shares and securities, the Company has only one reportable segment.

1.7 Provisions and Contingent Liabilities

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Contingent liabilities are not recognised in the financial statements.

1.8 Related Party Disclosures

Name of the party Nature of relationship

Chemicals & Ferro Alloys Ltd. Company holding substantial voting power

There were no transactions with related party during the year.

1.9 Previous year''s figures have been regrouped wherever necessary to conform to this year''s classification.


Mar 31, 2012

1.1 Basis of accounting and preparation of Financial Statements The Company maintains its accounts on accrual basis.

The financial statements have been prepared in accordance with applicable Accounting Standards and relevant presentational requirements of the Companies Act, 1956, unless otherwise stated and are based on historical cost convention.

Accounting policies have been consistently applied except where a newly issued accounting standard has been adopted for the first time or a revision to an existing standard requires a change in the accounting policy hitherto in use.

1.2 Investments

Non-current Investments are carried individually at cost less provision for diminution, other than temporary, in the value of such investments.

1.3 Revenue recognition Other Income

Bank interest on deposits is accounted on accrual basis.

Bank interest, other than on deposits, is accounted for on receipt basis.

Dividend income is recognized when right to receive it is established.

1.4 Taxes on Income

Tax on income for the current period is determined on the basis of taxable income computed in accordance with the provisions of the Income Tax Act, 1961.

The Company has no deferred tax liability as defined in Accounting Standard AS- 22.

1.5 Earnings per share

Basic and diluted earnings per share is computed by dividing net profit after tax by weighted average number of shares outstanding during the year.

There are no dilutive potential equity shares.

1.6 Segment Reporting

Since the Company's primary activity is to invest in shares and securities, the Company has only one reportable segment.

1.7 Provisions and Contingent Liabilities

A provision is recognized when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Contingent liabilities are not recognized in the financial statements.

1.8 Related Party Disclosures

Name of the party Nature of relationship

Chemicals & Ferro Alloys Ltd. Company holding substantial voting power

There were no transactions with related party during the year.

1.9 Previous year's figures have been regrouped wherever necessary to conform to this year's classification.


Mar 31, 2010

(a) Accounts are prepared in accordance with the accounting principles and are on the accrual basis of accounting.

(b) Investments in Shares, Units etc. (Long Term) are stated at cost. However, provision for diminution is made to recognize a decline other than temporary,in the value of investments wherever applicable.

2 Since the Companys primary activity is to invest in Shares and Securities, there are no separate segments as per Accounting Standard 17 ( Segment Reporting).

3 Basic and Diluted earning per equity shares of Rs. 10/- each for the year ended 31st March,2010 is Rs. 14.31 (previous yearRs. 12.22)

4 As defined in Accounting Standard 22 Company has no deferred tax liability.

5 Related Party Disclosures:

Company holding substantial interest in voting power : Chemicals & Ferro Alloys ltd

There are no transactions with related parties during the year

6 Additional disclosure persuant to Circular CRD/GEN/2003/1 dated February 6,2003 of the Stock Exchange, Mumbai are not applicable for the year ended 31 st March, 2010

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