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Accounting Policies of Sunrise Industrial Traders Ltd. Company

Mar 31, 2015

I) The Company adopts the accruals concept in the preparation of accounts.

ii) Fixed Assets are valued at cost less accumulated depreciation on written down value method. The Company has adopted the depreciation as per provisions specified in Part C of Schedule II of Companies Act,2013.

iii) Investments and Stock in Shares are valued at cost.

iv) Dividends are accounted for as and when received and Interest is accounted on accrual basis.

v) The Company is not liable to Gratuity according to management.

vi) Market Value of Quoted Shares & Securities held as Stock in trade on 31-03-2015 was Rs.44,91,87,086.60 (Previous year Rs.40,29,96,844.90)

vii) Figures are re-arranged and/ or re-grouped wherever necessary

viii) Holding of Shares as Investments & Stock In Trade as shown in Notes 5 & 7 to accounts includes the shares lent by the company under SLBM and remains lent as on 31st March,2015 Bhel Ltd -6750 shares & Bhel Ltd - 1000 shares. Open outstanding sale position of 8500 shares of HDFC Bank Ltd in FNO segment remains to be settled.

ix) Taxation:

Provision for current tax is made on the basis of the assessable income at the tax rate applicable to the relevant assessment year after taking credit of MAT.


Mar 31, 2013

I) The Company adopts the accruals concept in the preparation of accounts.

ii) Fixed Assets are valued at cost less accumulated depreciation on written down value method. Rates of depreciation are calculated as per Section 205 (2) (a) of the Companies Act, 1956 as specified in Schedule XIV of the said Act.

iii) Investments and Stock in Shares are valued at cost.

iv) Dividends are accounted for as and when received and Interest is accounted on accrual basis.

v) The Company is not liable to Gratuity according to management.

vi) Market Value of Quoted Shares & Securities held as Stock in trade on 31.03.2013 was Rs. 35,47,43,835.80 (Previous year Rs.30,63,47,491.38)

vii) Figures are re.arranged and/ or re.grouped wherever necessary


Mar 31, 2012

I) The Company adopts the accruals concept in the preparation of accounts.

ii) Fixed Assets are valued at cost less accumulated depreciation on written down value method. Rates of depreciation are calculated as per Section 205 (2) (a) of the Companies Act, 1956 as specified in Schedule XIV of the said Act.

iii) Investments and Stock in Shares are valued at cost.

iv) Dividends are accounted for as and when received and Interest is accounted on accrual basis.

v) The Company is not liable to Gratuity according to management.

vi) Market Value of Quoted Shares & Securities held as Stock in trade on 31-03-2012 was Rs. 30,63,47,491.38

vii) Figures are re-arranged and/ or re-grouped wherever necessary


Mar 31, 2011

I) The Company adopts the accruals concept in the preparation of accounts.

ii) Fixed Assets are valued at cost less accumulated depreciation on written down value method. Rates of depreciation are calculated as per Section 205 (2) (a) of the Companies Act, 1956 as specified in Schedule XIV of the said Act.

iii) Investments and Stock in Shares are valued at cost.

iv) Dividends and Interest are accounted on cash basis.

v) The Company is not liable to Gratuity according to management.

vi) Market Value of Quoted Shares held as Stock in trade on 31-03-2011 was Rs. 8,60,37,813.50


Mar 31, 2010

I) The Company adopts the accruals concept in the preparation of accounts.

ii) Fixed Assets are valued at cost less accumulated depreciation on written down value method. Rates of depreciation are calculated as per Section 205 (2) (a) of the Companies Act, 1956 as specified in Schedule XIV of the said Act.

iii) Investments and Stock in Shares are valued at cost.

iv) Dividends and Interest are accounted on cash basis.

v) The Company is not liable to Gratuity according to management.

vi) Market Value of Quoted Shares held as Stock in trade on 31-03-2010 was Rs. 7,45,42,256/-.

 
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