Accounting Policies of Unjha Formulations Ltd. Company

Mar 31, 2015

1) ACCOUNTING POLICIES

a) Basis of Accounting : Accounts are prepared under the Historical Cost conversion and on the Basis of a going concern obligations and amounts determined as payable or receivable during the year

b) Sales - Sales comprises sale of goods net of trade discount

c) Fixed assets & Depreciation - Fixed assets are stated at Cost less depreciation.

d) Inventories - Inventories are valued as under :

i) Raw materials valued at cost or market rate whichever is lower.

ii) Works in Process & Finished Goods are valued at lower cost of or net realizable value.

iii) Packing Material & Product Literature's are at cost.

e) Amortization of Misc.Expenditure like preliminary and share issue expenses will be written off over a period of 10 years. Accordingly, no such expenditure has been written off during the year.

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Mar 31, 2014

A) Basis of Accounting: Accounts are prepared under the Historical Cost conversion and on the Basis of a going concern obligations and amounts determined as payable or receivable during the year

b) Sales - Sales comprises sale of goods net of trade discount

c) Fixed assets & Depreciation - Fixed assets are stated at Cost less depreciation.

d) Inventories - Inventories are valued as under:

i) Raw materials valued at cost or market rate whichever is lower.

ii) Works in Process & Finished Goods are valued at lower cost of or net realizable value.

iii) Packing Material & Product Literature''s are at cost.

e) Amortization of Misc. Expenditure like preliminary and share issue expenses will be written off over a period of 10 years. Accordingly, no such expenditure has been written off during the year.

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Mar 31, 2013

A) Basis of Accounting : Accounts are prepared under the Historical Cost conversion and on the Basis of a going concern obligations and amounts determined as payable or receivable during the year

b)Sales - Sales comprises sale of goods net of trade discount

c) Fixed assets & Depreciation - Fixed assets are stated at Cost less depreciation.

d) I nventories - Inventories are valued as under:

I) Raw materials valued at cost or market rate whichever is lower.

ii) Works in Process & Finished Goods are valued atlowercostof or net realizablevalue.

iii) Packing Material & Product Literature''s are at cost.

e) Amortization of Misc. Expenditure like preliminary and share issue expenses will be written off over a period of 10 years. Accordingly, no such expenditure has been written off during the year.

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Mar 31, 2012

A) Basis of Accounting : Accounts are prepared under the Historical Cost conversion and on the Basis of a going concern obligations and amounts determined as payable or receivable during the year

b) Sales - Sales comprises sale of goods net of trade discount

c) Fixed assets & Depreciation - Fixed assets are stated at Cost less depreciation.

d) Inventories - Inventories are valued as under:

i) Raw materials valued at cost or market rate whichever is lower.

ii) Works in Process & Finished Goods are valued at lower cost of or net realizable value.

iii) Packing Material & Product Literature's are at cost.

e) Amortization of Misc. Expenditure like preliminary and share issue expenses will be written off over a period of 10 years. Accordingly, no such expenditure has been written off during the year.

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Mar 31, 2010

A) Basis of Accounting: Accounts are prepared under the historical cost conversion and on the basis of a going concern obligations and amounts determined as payable or receivable during the year.

b) Sales: Sales comprises sale of goods net of trade discount.

c) Fixed Assets & Depreciation: Fixed assets are stated at historical cost less depreciation.

d) Inventories: Inventories are valued as under.

i) Raw materials are valued at historical cost.

ii) Work in process and finished goods are valued at lower of cost or net realisable value.

iii) Packing material and product literature are at cost, e) i) Amortisation of Misc. Expenditure like preliminery and share issue expenses will be written off over a period of 10 years. Accordingly, no such expenditure has been written off during the year.