Mar 31, 2014
1. Basis of Preparation of financial statements
The financial statements have been prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
and the provisions of the Companies Act, 1956.
Accounting policies not specifically referred to otherwise are
consistent throughout the year under audit and in consonance with
generally accepted Accounting Principles followed by the company.
2. Fixed Assets:
Fixed Assets are stated at cost less depreciation. Cost comprises of
purchase price, import duties, levies and any directly attributable
cost of bringing the assets to its working condition for its intended
use. Depreciation is consistently provided as per the Income Tax Act
3. Investments:
Long Term Investments are valued at their acquisition cost and
provisions are made for other than temporary loss.
4. Revenue Recognition:
All Income and Expenditure items having a material bearing on the
statements are recognized on accrual basis.
5. Income From operation:
Since the company has started its new business in line with object
clause of the Memorandum of Association, the company has generated
income from the selling of Noni based Products in the last quarter of
the financial year, Board of directors are confident of generating
sufficient income in the coming years on the basis of going concern
concept.
6. Segment information for the year ended 31st March, 2014
The company as started its new line business and continued to achieved
turnover of Rs. 44,40,743/- during this year compared to the previous
year where the turnover was stated as Rs. 39,57,322/-.
7. Earning Per Share 2014 2013
a. Weighted averages number of 32,00,000 32,00,000
Equity Shares of Rs.10/-each
Weighted average number of equity
Share outstanding during the year 32,00,000 32,00,000
a. Net Profit(after tax) available
for equity shareholders 4,03,788 3,47,904.20
b. Basic and diluted earning per
share (in Rupees) 0.13 0.11
Mar 31, 2013
1. Basis of Preparation of financial statements
The financial statements have been prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
and the provisions of the Companies Act, 1956.
Accounting policies not specifically referred to otherwise are
consistent throughout the year under audit and in consonance with
generally accepted Accounting Principles followed by the company.
2. Fixed Assets:
Fixed Assets are stated at cost less depreciation. Cost comprises of
purchase price, import duties, levies and any directly attributable
cost of bringing the assets to its working condition for its intended
use. Depreciation is consistency provided as per the Income Tax Act
3. Investments:
Long Term Investments are valued at their acquisition cost and
provisions are made for other than temporary loss.
4. Revenue Recognition:
All Income and Expenditure items having a material bearing on the
statements are recognized on accrual basis.
5. Income From operation:
Since the company has started its new business in line with object
clause of the Memorandum of Association, the company has generated
income from the selling of None based Products in the last quarter of
the financial year, Board of directors are confident of generating
sufficient income in the coming years on the basis of going concern
concept.
6. Segment information for the year ended 31st March, 2013
The company has started its new line business and achieved turnover of
Rs 39,57,322.61/- during this year compared to the previous year where
the turnover was stated as Rs.52,09,926/-.
Mar 31, 2012
1 Ã Basis of Preparation of financial statements
The financial statements have been prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
and the provisions of the Companies Act' 1956.
Accounting policies not specifically referred to otherwise are
consistent throughout he year under audit and in consonance with
generally accepted Accounting Principles followed by the company.
2. Fixed Assets:
Fixed Assets are stated at cost less depreciation. Cost comprises of
purchase price' import duties' levies and any directly attributable
cost of bringing the assets to its working condition for its intended
use. Depreciation is consistently provided as per the Income Tax Act
3. Investments :
Long Term Investments are valued at their acquisition cost and
provisions are made for other than temporary loss.
4. Revenue Recognition:
All Income and Expenditure items having a material bearing on the
statements are recognized on accrual basis.
5. Income From operation:
Since the company has started its new business in line with object
clause of the Memorandum of Association' the company has generated
income from the selling of Noni based Products in the last quarter of
the financial year' Board of directors is confident of generating
sufficient income in the coming years on the basis of on going concern
concept.
6. Segment information for the year ended 31st March' 2012
The company has started its new line business and achieved turnover of
Rs 5929927.00 during this year.
Mar 31, 2010
1. Basis of Preparation of financial statements
The financial statements have been prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
and the provisions of the Companies Act, 1956.
Accounting policies not specifically referred to otherwise are
consistent throughout the year under audit and in consonance with
generally accepted Accounting Principles followed by the company.
2. Fixed Assets:
FixedAssets are stated at cost less depreciation. Cost comprises of
purchase price, import duties, levies and any directly attributable
cost of bringing the assets to its working condition for its intended
use.
Depreciation is provided on a pro-rata basis, from the date the assets
have been installed and put to use on a straight line value method at
the rates and in the manner specified under Schedule XIV to the
Companies Act, 1956.
3. Investments:
Long Term Investments are valued at their acquisition cost and
provisions are made for other than temporary loss.
4. Revenue Recognition:
All Income and Expenditure items having a material bearing on the
statements are recognized on accrual basis.
5. Income From operation:
Eventhough there is no Income From operation during the period, Board
of directors is confident of generating sufficient income in the coming
years on the basis of on going concern concept.
6. Segment information for the year ended 31st March, 2010
As there is no income earned during the year, segment report does not
arise.
Mar 31, 2009
- The financial statements have been prepared under the historical cost
convention in accordance with generally accepted Accounting Principles
and the provisions of the Companies Act, 1956.
- Accounting policies not specifically referred to otherwise are
consistent throughout the year under audit and in consonance with
generally accepted Accounting Principles followed by the company.
2. Fixed Assets:
FixedAssets are stated at cost less depreciation. Cost comprises of
purchase price, import duties, levies and any directly attributable
cost of bringing the assets to its working condition for its intended
use.
Depreciation is provided on a pro-rata basis, from the date the assets
have been installed and put to use on a straight line value method at
the rates and in the manner specified under Schedule XrV to the
Companies Act, 1956.
3. Investments:
Long Term Investments are valued at their acquisition cost and
provisions .are made for other than temporary loss.
4. Revenue Recognition:
All Income and Expenditure items having a material bearing on the
statements are recognized on accrual basis.
5. Income From operation:
Even though there is no Income From operation during the period, Board
of directors is confident of generating sufficient income in the coming
years on the basis of on going concern concept.
6. Segment information for the year ended 31st March, 2009
As there is no income earned during the year, segment report does not
arise.
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