Mar 31, 2015
A. Accounting Conventions
I. The accompanying financial statements have been prepared under the
historical cost convention in accordance with the generally accepted
accounting principles in India, the applicable Accounting Standards
issued by the Institute of Chartered Accountants of India (ICAI) and
the provisions of the Companies Act, 1956.
II. All Income & Expenditure items having material bearing on the
financial statements are recognized on accrual basis except material
uncertainty.
b. Fixed Assets
Fixed Assets are stated on cost less depreciation.
c. Depreciation
Depreciation on fixed assets is provided on written down value method
at the rates prescribed in schedule XIV to the Companies Act, 1956.
Depreciation on additions during the years have been provided on
pro-rata basis
d. Valuation Of Investments
Long Term Investment is quoted at cost. No provision has been made for
diminution in the value of the investments as all the investments are
long-term & in the opinion of the management diminution in the value of
the shares, if any, is not of a permanent nature hence no provision has
been made for such diminution.
e. Retirement Benefits
Liability on account of gratuity & other retirement benefits is
accounted when paid.
f. Taxation
The provision for taxation is ascertained profit computed in accordance
with the provisions of Income Tax Act, 1961. Deferred tax is
recognized subject to the consideration of prudence, on timing
difference, being the difference taxable income & accounting income
that originate in one period and are capable of reversal in one or more
subsequent period.
c: Terms / Rights attached to equity shares
The Company has only one class of equity shares having par value at
Rs.10/- per share. Each holder of equity shares is entitled to one vote
per share. The Company declares and pays dividends in Indian rupees.
The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in ensuing Annual General Meeting.
In the event of liquidation of the Company, the holders of equity
shares will be entitled to receive remaining assets of the Company,
after distribution all preferential amounts. The Distribution will be
in proportion to the number of equity shares held by the shareholders.
Mar 31, 2014
A. Accounting Conventions
i. The accompanying financial statements have been prepared under the
historical cost convention in accordance with the generally accepted
accounting principles in India, the applicable Accounting Standards
issued by the Institute of Chartered Accountants of India (ICAI) and
the provisions of the Companies Act, 1956.
ii. All Income & Expenditure items having material bearing on the
financial statements are recognized on accrual basis except material
uncertainty.
b. Fixed Assets
Fixed Assets are stated on cost less depreciation.
c. Depreciation
Depreciation on fixed assets is provided on written down value method
at the rates prescribed in schedule XIV to the Companies Act, 1956.
Depreciation on additions during the years have been provided on
pro-rata basis
d. Valuation of Investments
Long Term Investment is quoted at cost. No provision has been made for
diminution in the value of the investments as all the investments are
long-term & in the opinion of the management diminution in the value of
the shares, if any, is not of a permanent nature hence no provision has
been made for such diminution.
e. Retirement Benefits
Liability on account of gratuity & other retirement benefits is
accounted when paid.
f. Taxation
The provision for taxation is ascertained profit computed in accordance
with the provisions of Income Tax Act, 1961. Deferred tax is recognized
subject to the consideration of prudence, on timing difference, being
the difference taxable income & accounting income that originate in one
period and are capable of reversal in one or more subsequent period.
Mar 31, 2013
A. Accounting Conventions
I. The accompanying financial statements have been prepared under the
historical cost convention in accordance with the generally accepted
accounting principles in India, the applicable Accounting Standards
issued by the Institute of Chartered Accountants of India (ICAI) and
the provisions of the Companies Act, 1956.
II. All Income & Expenditure items having material bearing on the
financial statements are recognized on accrual basis except material
uncertainty.
b. Fixed Assets
Fixed Assets are stated on cost less depreciation.
c. Depreciation
Depreciation on fixed assets is provided on written down value method
at the rates prescribed in schedule XIV to the Companies Act, 1956.
Depreciation on additions during the years have been provided on
pro-rata basis
d. Valuation Of Investments
Long Term Investment is quoted at cost. No provision has been made for
diminution in the value of the investments as all the investments are
long-term & in the opinion of the management diminution in the value of
the shares, if any, is not of a permanent nature hence no provision has
been made for such diminution.
e. Retirement Benefits
Liability on account of gratuity & other retirement benefits is
accounted when paid.
f. Taxation
The provision for taxation is ascertained profit computed in accordance
with the provisions of Income Tax Act, 1961. Deferred tax is recognized
subject to the consideration of prudence, on timing difference, being
the difference taxable income & accounting income that originate in one
period and are capable of reversal in one or more subsequent period.
Mar 31, 2010
1. ACCOUNTING CONVENTIONS
i. The accompanying financial statements have been prepared under the
historical cost convention in
accordance with the generally accepted accounting principles in India,
the applicable Accounting Standards issued by the Institute of
Chartered Accountants of India (ICAI) and the provisions of the
Companies Act, 1956.
ii. All Income and Expenditure items having material bearing on the
financial statements are recognized on accrual basis except material
uncertainty.
2. FIXED ASSETS
Fixed Assets are stated on cost less depreciation.
3. DEPRECIATION
Depreciation on fixed assets is provided on written down value method
at the rates prescribed in Schedule XIV of the Companies Act, 1956.
Depreciation on additions during the years have been provided on
pro-rata basis.
4. VALUATION OF INVESTMENTS
Long term Investment is quoted at cost. No provision has been made for
diminution in the value of the Investments as all the Investments are
long term & in the opinion of the management diminution in the value of
the shares, if any, is not of a permanent nature hence no provision has
been made for such diminution.
5. RETIREMENT BENEFITS
Liability on account of gratuity & other retirement benefits is
accounted when paid.
6. TAXATION
The provision for taxation is ascertained profit computed in accordance
with the provision of Income Tax Act, 1961.Deferred Tax is recognized
subject to the consideration of prudence, on timing difference, being
the difference taxable income & accounting income that originate in one
period and are capable of reversal in one or more subsequent period.
Mar 31, 2009
1. Accounting Conventions
(i) The accompanying financial statements have been prepared under the
historical cost convention in accordance with the generally accepted
accounting principles in India, the applicable Accounting Standards
issued by the Institute of Chartered Accountants of India (ICAI) and
the provisions of the Companies Act, 1956.
(ii) All income & expenditure items having material bearing on the
financial statements are recognised on accrual basis except material
uncertainty.
2. Fixed Assets
Fixed Assets are stated on cost less depreciation.
3. Depreciation
Depreciation on fixed assets is provided on written down value method
at the rates prescribed in schedule XIV to the Companies Act, 1956.
Depreciation on additions during the years have been provided on
pro-rata basis.
4. Valuation of Investments
Long Term Investment is quoted at cost. No provision has been made for
diminution in the value of the investments as all the investments are
long- term & in the opinion of the management diminution in the value
of the shares, if any, is not of a permanent nature hence no provision
has been made for such diminution.
5. Retirement Benefits
Liability on account of gratuity & other retirement benefits is
accounted when paid.
6. Taxation
The provision for taxation is ascertained on the basis of assessable
profit computed in accordance with the provisions of Income Tax Act,
1961. Deferred tax is recognized subject to the consideration of
prudence, on timing difference, being the difference taxable income &
accounting income that originate in one period and are capable of
reversal in one or more subsequent period.
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