Mar 31, 2014
A. Accounting Conventions
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.
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 disclosed at historical cost of acquisition.
c. Depreciation
Depreciation on fixed assets is provided on Straight line 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. 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 attched 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, 2013
A. Accounting Convention : The financial statements have been prepared
in accordance with the historical cost convention and going concern
basis.
b. Regular item of other income and expenditure are recognized on
accrual basis.
2. Balances of Debtors, Creditors, Loans and Advances are subject to
confirmation / reconciliation.
3. Additional information required to Part II of Schedule VI of the
Companies Act, 1956 are either nil or not applicable.
Mar 31, 2012
A. Accounting Convention : The financial statements have been prepared
in accordance with the historical cost convention and going concern
basis.
b. Regular item of other income and expenditure are recognized on
accrual basis.
Mar 31, 2011
A. Accounting Convention: The financial statements have been prepared
in accordance with the historical cost convention and going concern
basis.
b. Regular item of other income and expenditure are recognized on
accrual basis.
Mar 31, 2010
1. The Financial Statements are prepared under the historical cost
convention in accordance with mandatory accounting standard and
relevant requirement of the Companies Act, 1956
2. The Company adopts accruals system of accounting.
Mar 31, 2009
A) Accounting Convention: The financial statements have been prepared
in accordance with the historical cost convention and going concern
basis.
b) Regular item of other income and expenditure are recognized on
accrual basis.
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