Mar 31, 2015
A. ACCOUNTING POLICIES
1. GENERAL
1.1 The accounts have been prepared on the basis of "HISTORICAL COST
CONVENTION" in accordance with the generally accepted accounting
policies.
1.2 The company follows "ACCRUAL METHOD" of accounting, except where
otherwise stated.
2. REVENUE RECOGNITION
Income has been recognized on "ACCRUAL BASIS".
3. FIXED ASSETS
Fixed Assets in the Balance Sheet are stated at cost, including direct
and indirect expenses incurred in connection therewith, less
accumulated depreciation provided on W.D.V. method, as per Income Tax
Act, 1961.
4. INVESTMENTS
4.1 Long Term Investments are stated at cost after deducting provision
for diminution in market value as at March 31,2015 (subject to
revision), in cases where the fall in market value has been considered
by the management of permanent nature.
4.2 Investment of the company indicates subscription / investment
towards capital of industrial enterprises in India and accordingly in
the opinion of the Board of Directors the investment of the company in
the shares of other companies is covered by Section 372A(B) of the
Companies Act, 1956.
5. INVENTORIES
The company does not have any inventory or stock in trade at the close
of the accounting year.
6. CONTINGENT LIABILITIES
Liabilities, though contingent, are provided for if there are
reasonable prospects of such liabilities maturing. Other contingent
liabilities, barring frivolous claims, not acknowledged as debts, are
disclosed by way of notes on accounts.
7.PRIOR PERIOD ADJUSTMENTS. EXTRAORDINARY ITEMS AND CHANGES
INACCOUNTING POLICY
Prior period adjustments, extra-ordinary items and changes in
accounting policies having material impact on the financial affairs of
the company, wherever considered necessary are disclosed.
Mar 31, 2014
1. GENERAL
1.1 The accounts have been prepared on the basis of "HISTORICAL COST
CONVENTION" in accordance with the generally accepted accounting
policies.
1.2 The company follows "ACCRUAL METHOD" of accounting, except where
otherwise stated.
2. REVENUE RECOGNITION
Income has been recognized on "ACCRUAL BASIS".
3. FIXED ASSETS
Fixed Assets in the Balance Sheet are stated at cost, including direct
and indirect expenses incurred in connection therewith, less
accumulated depreciation provided on W.D.V. method, as per Income Tax
Act, 1961.
4. INVESTMENTS
4.1 Long Term Investments are stated at cost after deducting provision
for diminution in market value as at March 31, 2014 (subject to
revision), in cases where the fall in market value has been considered
by the management of permanent nature.
4.2 Investment of the company indicates subscription / investment
towards capital of industrial enterprises in India and accordingly in
the opinion of the Board of Directors the investment of the company in
the shares of other companies is covered by Section 372A(B) of the
Companies Act, 1956.
5. INVENTORIES
The company does not have any inventory or stock in trade at the close
of the accounting year.
6. CONTINGENT LIABILITIES
Liabilities, though contingent, are provided for if there are
reasonable prospects of such liabilities maturing. Other contingent
liabilities, barring frivolous claims, not acknowledged as debts, are
disclosed by way of notes on accounts.
7. PRIOR PERIOD ADJUSTMENTS. EXTRA ORDINARY ITEMS AND CHANGES IN
ACCOUNTING POLICY
Prior period adjustments, extra-ordinary items and changes in
accounting policies having material impact on the financial affairs of
the company, wherever considered necessary are disclosed.
Mar 31, 2013
1. GENERAL
1.1 The accounts have been prepared on the basis of "HISTORICAL COST
CONVENTION" in accordance with the generally accepted accounting
policies.
1.2 The company follows "ACCRUAL METHOD" of accounting, except where
otherwise stated.
2. REVENUE RECOGNITION
Income has been recognized on "ACCRUAL BASIS".
3. FIXED ASSETS
Fixed Assets in the Balance Sheet are stated at cost, including direct
and indirect expenses incurred in connection therewith, less
accumulated depreciation provided on W.D.V. method, as per Income Tax
Act, 1961.
4. INVESTMENTS
4.1 Long Term Investments are stated at cost after deducting provision
for diminution in market value as at March 31, 2013 (subject to
revision), in cases where the fall in market value has been considered
by the management of permanent nature.
4.2 Investment of the company indicates subscription / investment
towards capital of industrial enterprises in India and accordingly in
the opinion of the Board of Directors the investment of the company in
the shares of other companies is covered by Section 372A(B) of the
Companies Act, 1956.
5. INVENTORIES
The company does not have any inventory or stock in trade at the close
of the accounting year.
6. CONTINGENT LIABILITIES
Liabilities, though contingent, are provided for if there are
reasonable prospects of such liabilities maturing. Other contingent
liabilities, barring frivolous claims, not acknowledged as debts, are
disclosed by way of notes on accounts.
7. PRIOR PERIOD ADJUSTMENTS, EXTRA ORDINARY ITEMS AND CHANGES IN
ACCOUNTING POLICY
Prior period adjustments, extra-ordinary items and changes in
accounting policies having material impact on the financial affairs of
the company, wherever considered necessary are disclosed.
Mar 31, 2012
1. GENERAL
1.1 The accounts have been prepared on the basis of "HISTORICAL COST
CONVENTION" in accordance with the generally accepted accounting
policies.
1.2 The company follows "ACCRUAL METHOD" of accounting, except where
otherwise stated.
2. REVENUE RECOGNITION
Income has been recognized on "ACCRUAL BASIS".
3. FIXED ASSETS
Fixed Assets in the Balance Sheet are stated at cost, including direct
and indirect expenses incurred in connection therewith, less
accumulated depreciation provided on W.D.V. method, as per Income Tax
Act, 1961.
4. INVESTMENTS
4.1 Long Term Investments are stated at cost after deducting provision
for diminution in market value as at March 31, 2012 (subject to
revision), in cases where the fall in market value has been considered
by the management of permanent nature.
4.2 Investment of the company indicates subscription / investment
towards capita! of industrial enterprises in India and accordingly in
the opinion of the Board of Directors the investment of the company in
the shares of other companies is covered by Section 372A(B) of the
Companies Act, 1956.
5. INVENTORIES
The company does not have any inventory or stock in trade at the dose
of the accounting year.
6. CONTINGENT LIABILITIES
Liabilities, though contingent, are provided for if there are
reasonable prospects of such liabilities maturing. Other contingent
liabilities, barring frivolous claims, not acknowledged as debts, are
disclosed by way of notes on accounts.
7. PRIOR PERIOD ADJUSTMENTS. EXTRA ORDINARY ITEMS AND CHANGES IN
ACCOUNTING POLICY
Prior period adjustments, extra-ordinary items and changes in
accounting policies having material impact on the financial affairs of
the company, wherever considered necessary are disclosed.
Mar 31, 2011
1. GENERAL
1.1 The accounts have been prepared on the basis of "HISTORICAL COST
CONVENTION" in accordance with the generally accepted accounting
policies.
1.2 The company follows "ACCRUAL METHOD" of accounting, except where
otherwise stated.
2. REVENUE RECOGNITION
Income has been recognized on "ACCRUAL BASIS".
3. FIXED ASSETS
Fixed Assets in the Balance Sheet are stated at cost, including direct
and indirect expenses incurred in connection therewith, less
accumulated depreciation provided on W.D.V. method, as per Income Tax
Act, 1961.
4. INVESTMENTS
4.1 Long Term Investments are stated at cost after deducting provision
for diminution in market value as at March 31, 2011 (subject to
revision), in cases where the fall in market value has been considered
by the management of permanent nature.
4.2 Investment of the company indicates subscription / investment
towards capital of
industrial enterprises in India and accordingly in the opinion of the
Board of Directors the investment of the company in the shares of other
companies is covered by Section 372A(B) of the Companies Act, 1956.
5. INVENTORIES
The company does not have any inventory or stock in trade at the close
of the accounting year.
6- CONTINGENT LIABILITIES
Liabilities, though contingent, are provided for if there are
reasonable prospects of such liabilities maturing. Other contingent
liabilities, barring frivolous claims, not acknowledged as debts, are
disclosed by way of notes on accounts.
7. PRIOR PERIOD ADJUSTMENTS, EXTRA ORDINARY ITEMS AND
CHANGES IN ACCOUNTING POLICY
Prior period adjustments, extra-ordinary items and changes in
accounting policies having material impact on the financial affairs of
the company, wherever considered necessary are disclosed.
Mar 31, 2010
1. GENERAL
1.1 The accounts have been prepared on the basis of "HISTORICAL COST
CONVENTION" in accordance with the generally accepted accounting
policies.
1.2 The company follows "ACCRUAL METHOD" of accounting, except where
otherwise stated.
2. REVENUE RECOGNITION
Income has been recognized on "ACCRUAL BASIS".
3. FIXED ASSETS
Fixed Assets in the Balance Sheet are stated at cost, including direct
and indirect expenses incurred in connection therewith, less
accumulated depreciation provided on W.D.V. method, as per Income Tax
Act, 1961.
4. INVESTMENTS
4.1 Long Term Investments are stated at cost after deducting provision
for diminution in market value as at March 31, 2010 (subject to
revision), in cases where the fall in market value has been considered
by the management of permanent nature.
4.2 Investment of the company indicates subscription / investment
towards capital of industrial enterprises in India and accordingly in
the opinion of the Board of Directors the investment of the company in
the shares of other companies is covered by Section 372A(B) of the
Companies Act, 1956.
5. INVENTORIES
The company does not have any inventory or stock in trade at the close
of the accounting year.
6. CONTINGENT LIABILITIES
Liabilities, though contingent, are "provided for if there are
reasonable prospects of such liabilities maturing. Other contingent
liabilities, barring frivolous claims, not acknowledged as debts, are
disclosed by way of notes on accounts.
7. PRIOR PERIOD ADJUSTMENTS. EXTRA ORDINARY ITEMS AND CHANGES IN
ACCOUNTING POLICY
Prior period adjustments, extra-ordinary items and changes in
accounting policies having material impact on the financial affairs of
the company, wherever considered necessary are disclosed.