Mar 31, 2015
1. Basis of Accounting :
The financial statements are prepared under the historical cost
convention and on the basis of "'Accrual Concept"'. The financial
statements are presented in Indian rupees.
2. Fixed Assets :
Fixed assets are stated at cost of acquisition inclusive of freight,
duties, taxes & all other incidental expenses related to acquisition
and installations less accumulated depreciation. No fixed assets have
been revalued in the financial statement.
3. Depreciation :
Depreciation on Fixed Assets is provided to the extent of salvage value
on the Gross Block in respect to the useful life of the company.
Depreciation is provided based on useful life of the assets as
prescribed in Schedule II to the Companies Act, 2013
4. Revenue Recognition :
In the case of Quoted Shares, revenue are recognized in accordance with
the settlement cycle of stock exchange and in the case of Un-quoted
Shares, the same has been recognized at cost. The revenue in respect
of Interest Income is recognized on accrual basis.
In respect of derivative contracts, premium paid, gains/losses on
settlement and losses on restatement are recognised in the Profit and
Loss Statement.
5. Inventory :
Value, in case of unquoted shares, has been taken at Cost, in
accordance with AS-2 issued by the I.C.A.I.
6. Deferred Tax :
During the year the Company has accounted for Deferred Tax Liability in
accordance with Accounting Standard 22- "'Accounting for Taxes on
Income"' issued by ICAI.
Mar 31, 2014
1. Basis of Accounting :
The financial statements are prepared under the historical cost
convention and on the basis of "Accrual Concept".
2. Fixed Assets :
Fixed assets are stated at cost of acquisition inclusive of freight,
duties, taxes & all other incidental expenses related to acquisition
and installations less accumulated depreciation.
3. Depreciation :
The company has provided depreciation on assets, which have been used
for trading activity on SLM (Straight Line Method) at the rates and in
the manner specified in schedule XIV of the Companies Act, 1956
4. Revenue Recognition :
In the case of Quoted Shares, revenue are recognized in accordance with
the settlement cycle of stock exchange and in the case of Un-quoted
Shares, the same has been recognized at cost. The revenue in respect
of Interest Income is recognized on accrual basis. In case of Com-
modities and F&O transaction net difference of surplus (profit) /
deficiencies (loss) had been account for.
5. Inventory :
Value, in case of unquoted shares, has been taken at Cost, in
accordance with AS-2 issued by the I.C.A.I.
6. Deferred Tax :
During the year the Company has accounted for Deferred Tax Liability in
accordance with Accounting Standard 22- "Accounting for Taxes on
Income" issued by ICAI.
Mar 31, 2012
1. Basis of Accounting :
The financial statements are prepared under the historical cost
convention and on the basis of "Accrual ConceptÃ.
2. Fixed Assets :
Fixed assets are stated at cost of acquisition inclusive of freight,
duties, taxes & all other incidental expenses related to acquisition
and installations less accumulated depreciation.
3. Depreciation :
The company has provided depreciation on assets, which have been used
for trading activity on SLM (Straight Line Method) at the rates and in
the manner specified in schedule XIV of the Companies Act, 1956
4. Revenue Recognition :
In the case of Quoted Shares, revenue are recognized in accordance with
the settlement cycle of stock exchange and in the case of Un-quoted
Shares, the same has been recognized at cost. The revenue in respect
of Interest Income is recognized on accrual basis.
5. Inventory :
Value, in case of unquoted shares, has been taken at Cost, in
accordance with AS-2 issued by the I.C.A.I.
6. Deferred Tax :
During the year the Company has accounted for Deferred Tax Liability in
accordance with Accounting Standard 22- "Accounting for Taxes on
Income"issued by ICAI.