Mar 31, 2014
General:
(i) These accounts are prepared on the historical cost basis and on the
accounting principles of going concern.
(ii) Accounting policies not specifically referred to otherwise or
consistent and in consonance with generally accepted accounting
principles.
Revenue Recognition:
(i) The Company follows the mercantile system of Accounting and
recognizes income and expenditure on accrual basis.
(ii) Revenue is not recognized on the grounds of prudence, until
realized in respect of liquidated damages, delayed payments as recovery
of the amounts are not certain.
Fixed Assets:
Fixed assets are stated at cost less accumulated depreciation. Cost of
acquisition of fixed assets is inclusive of freight, duties, taxes and
incidental expenses thereto.
Depreciation and Amortization:
Depreciation is provided on straight line method on pro-rata basis and
at the rates and manner specified in the Schedule XIV of the Companies
Act, 1956.
Inventories
Inventories are valued at cost or market price whichever is lower.
Taxation:
The current charge for income tax is calculated in accordance with the
relevant tax regulations applicable to the company. Deferred tax asset
and liability is recognized for future tax consequences attributable to
the timing difference that result between the profit offered for income
tax and the profit as per the financial statements. Deferred tax asset
and liability are measured as per the tax rates/laws that have been
enacted or substantively enacted by the Balance Sheet date.
Gratuity:
The company has not made any provision for gratuity to its employees,
because no employee has put in qualifying period of service for
entitlement of this benefit.
Earnings per Share:
The earning considered in ascertaining the company''s earnings per share
comprises net profit after tax. The number of shares used in computing
basic earnings per share is the weighted average number of shares
outstanding during the year.
Mar 31, 2013
General:
(i) These accounts are prepared on the historical cost basis and on the
accounting principles of going concern.
(ii) Accounting policies not specifically referred to otherwise or
consistent and in consonance with generally accepted accounting
principles.
Revenue Recognition:
(i) The Company follows the mercantile system of Accounting and
recognizes income , and expenditure on accrual basis,
(ii) Revenue is not recognized on the grounds of prudence, until
realized in respect of liquidated damages, delayed payments as recovery
of the amounts are not certain
Fixed Assets:
Fixed assets are stated at cost less accumulated depreciation. Cost of
acquisition of fixed assets is inclusive of freight, duties, taxes and
incidental expenses thereto
Depreciation and Amortization:
Depreciation is provided on straight line method on pro-rata basis and
at the rates and manner specified in the Schedule XIV of the Companies
Act, 1956.
Inventories
Inventories are valued at cost or market price whichever is lower.
Taxation:
The current charge for income tax is calculated in accordance with the
relevant tax regulations applicable''to the company. Deferred tax asset
and liability is recognized for future tax consequences attributable to
the timing difference that result between the profit offered for income
tax and the profit as per the financial statements. Deferred tax asset
and liability are measured as per the tax rates/laws that have been
enacted or substantively enacted by the Balance Sheet date.
Gratuity:
The company has not made any provision for gratuity to its employees,
because no employee has put in qualifying period of service for
entitlement of this benefit.
Earnings per Share:
The earning considered in ascertaining the company''s earning per
share comprises net profit after tax. The number of shares used in
computing basic earning per share is the weighted average number of
shares outstanding during the year.
Mar 31, 2012
General:
(i) These accounts are prepared on the historical cost basis and on the
accounting principles of going concern.
(ii) Accounting policies not specifically referred to otherwise or
consistent and in consonance with generally accepted accounting
principles.
Revenue Recognition:
(i) The Company follows the mercantile system of Accounting and
recognizes income and expenditure on accrual basis.
(ii) Revenue is not recognized on the grounds of prudence, until
realized in respect of liquidated damages, delayed payments as recovery
of the amounts are not certain.
Fixed Assets:
Fixed assets are stated at cost less accumulated depreciation. Cost of
acquisition of fixed assets is inclusive of freight, duties, taxes and
incidental expenses thereto.
Depreciation and Amortization:
Depreciation is provided on straight line method on pro-rata basis and
at the rates and manner specified in the Schedule XIV of the Companies
Act, 1956.
Inventories
Inventories are valued at cost or market price whichever is lower.
Taxation:
The current charge for income tax is calculated in accordance with the
relevant tax regulations applicable to the company. Deferred tax asset
and liability is recognized for future tax consequences attributable to
the timing difference that result between the profit offered for income
tax and the profit as per the financial statements. Deferred tax asset
and liability are measured as per the tax rates/laws that have been
enacted or substantively enacted by the Balance Sheet date.
Gratuity:
The company has not made any provision for gratuity to its employees,
because no employee has put in qualifying period of service for
entitlement of this benefit.
Earnings per Share:
The earning considered in ascertaining the company''s earning per
share comprises net profit after tax. The number of shares used in
computing basic earning per share is the weighted average number of
shares outstanding during the year.
Mar 31, 2011
General:
(i) These accounts are prepared on the historical cost basis and on the
accounting principles of going concern.
(ii) Accounting policies not specifically referred to otherwise or
consistent and in consonance with generally accepted accounting
principles.
Revenue Recognition:
(i) The Company follows the mercantile system of Accounting and
recognizes income and expenditure on accrual basis.
(ii) Revenue is not recognized on the grounds of prudence, until
realized in respect of liquidated damages, delayed payments as recovery
of the amounts are not certain.
Fixed Assets:
Fixed assets are stated at cost less accumulated depreciation. Cost of
acquisition of fixed assets is inclusive of freight, duties, taxes and
incidental expenses thereto.
Depreciation and Amortization:
Depreciation is provided on straight line method on pro-rata basis and
at the rates and manner specified in the Schedule XIV of the Companies
Act, 1956.
Inventories
Inventories are valued at cost or market price whichever is lower.
Taxation:
The current charge for income tax is calculated in accordance with the
relevant tax regulations applicable to the company. Deferred tax asset
and liability is recognized for future tax consequences attributable to
the timing difference that result between the profit offered for income
tax and the profit as per the financial statements. Deferred tax asset
and liability are measured as per the tax rates/laws that have been
enacted or substantively enacted by the Balance Sheet date.
Gratuity:
The company has not made any provision for gratuity to its employees,
because no employee has put in qualifying period of service for
entitlement of this benefit.
Earnings per Share:
The earning considered in ascertaining the company''s earning per
share comprises net profit after tax. The number of shares used in
computing basic earning per share is the weighted average number of
shares outstanding during the year.