Accounting Policies of Shree Salasar Investment Ltd. Company

Mar 31, 2012

I) Basis of accounting:

Generally mercantile system of accounting is followed.

ii) Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary fall in market value of investment are not provided for

iii) Revenue recognition:

a) Interest income is recognized on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Brokerage income is recognized on completion of the transaction.

iv) a) Fixed Assets are stated at cost of acquisition less depreciation.

b) The depreciation on fixed assets are charged on Written Down Value basis as per rates prescribed in Schedule XIV of Companies Act, 1956.

v) Retirement benefits are treated on cash basis.

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Mar 31, 2011

I) Basis of accounting:

Generally mercantile system of accounting is followed.

ii) Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary fall in market value of investment are not provided for

iii) Revenue recognition:

a) Interest income is recognised on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Dividend Income is treated on receipt basis.

c) Sales of shares and debentures are recognised on execution of date of order.

iv) a) Fixed Assets are staled at cost of acquisition less depreciation.

b) The depreciation on fixed assets are charged on Written Down Value basis as per rates prescribed in Schedule XIV of Companies Act. 1956.

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Mar 31, 2009

I) Basis of accounting:

Generally mercantile system of accounting is followed.

ii) Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary fall in market value of investment are not provided for

iii) Revenue recognition:

a) Interest income is recognised on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Dividend Income is treated on receipt basis.

c) Sales of shares and debentures are recognised on execution of date of order.

iv) a) Fixed Assets are stated at cost of acquisition less depreciation.

b) The depreciation on fixed assets are charged on Written Down Value basis as per rates prescribed in Schedule XIV of Companies Act, 1956.

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Mar 31, 2008

I) Basis of accounting

Generally mercantile system of accounting is followed

ii) Investments

a) Investments being long term in nature arc valued at cost of acquisition and related expenses such as brokerage and stamp duties

b) Temporary fall in market value or investment arc not provided for

iii) Revenue recognition

a) Interest income is recognized on a lime proportion basis depending upon amount outstanding and the rate applicable

b) Dividend Income is treated on receipt basis

c) Sales or shares and debentures are recognized on execution of date of order

iv) a) Fixed Assets arc staled at cost of acquisition less depreciation

v) the depreciation on fixed assets are charged on Written Down Value basis as per rates prescribed us Schedule XIV of Companies Act 1956