Mar 31, 2014
1. Fixed Assets : Valued at Cost.
2. Depreciation and Amortisation :
a. Depreciation is provided as per straight line method according to
the rates specified in Schedule XIV of the Companies Act, 1956.
b. The Company writes off Leasehold land over the period of Lease on
Straight line basis.
3. Investments : Investments are stated at cost.
4. Inventories :
Basis of Valuation Shares : At Cost.
5. Sales :
Sales of Products are recognised as on the date of the Invoices.
6. Gratuity :
No provision has been made in the accounts on account of gratuity which
are not quantified as it is not applicable.
7. Basis Of Accounting :
The Financial Statements are prepared under the Historical cost
convention accordance with the requirements of the Companies Act, 1956
and accepted Accounting Standards.
In the opinion of the Management, the Current Assets, Loans & Advances
are not less than the value stated, if realised in the ordinary course
of Business.
8. Deferred Tax :
a. The Company has adopted Accounting Standard-22 " Accounting for
taxes on Income" with effect from 1st April 2001.
During the current year the Company has a Deferred Tax Assets due to
higher depreciation adjusted as per the Companies Act, 1956 compared to
depreciation admissible as per the Income Tax Act, 1961 which is
credited to the Profit & Loss Account of the current year.
Mar 31, 2013
1. Fixed Assets : Valued at Cost.
2. Depreciation and Amortisation :
a. Depreciation is provided as per straight line method according to
the rates specified in Schedule XIV of the Companies Act, 1956. v
b. The Company writes off Leasehold land over the period of Lease on
Straight line basis.
3. Investments : Investments are stated at cost.
4. Inventories : Basis of Valuation
Finished Goods At Cost or Market Value whichever is lower.
Shares At Cost or Market Value whichever is lower.
5. Sales :
Sales of Products are recognised as on the date of the Invoices.
6. Gratuity :
No provision has been made in the accounts on account of gratuity which
are not quantified as it is not applicable.
7. Basis Of Accounting :
The Financial Statements are prepared under the Historical cost
convention accordance with the requirements of the Companies Act, 1956
and accepted Accounting Standards.
In the opinion of the Management, the Current Assets, Loans & Advances
are not less than the value stated, if realised in the ordinary course
of Business.
8. Deferred Tax :
a. The Company has adopted Accounting Standard-22" Accounting for
taxes on Income* with effect from 1st April 2001.
During the current year the Company has a Deferred Tax Assets due to
higher depreciation adjusted as per the Companies Act, 1956 compared to
depreciation admissible as per the Income Tax Act, 1961 which is
credited to the Profit & Loss Account of the current year.
b. The break up of net Deferred Tax Liability / Assets on 31st March,
2013 is under.
(Rs. In Lakhs)
Deferred Tax Liability as on 01.04.2012 6.93
Less : Deferred Tax Assets for the year 0.24
(Difference between book & tax depreciation)
Net Deferred Tax Liability 6.69
The Deferred Tax balances have arisen principally on account of the
timing difference between the depreciation adjusted in account. Though
adjustment has been made in term of Accounting Standard 22, having
regard to the Normal Capital Expenditure which the Company is expected
to continue to make in likely to materialize on account thereof.
Mar 31, 2012
1. Fixed Assets : Valued at Cost.
2. Depreciation and Amortisation :
a. Depreciation is provided as per straight line method according to
the rates specified in Schedule XIV of the Companies Act, 1956.
b. The Company writes off Leasehold land over the period of Lease on
Straight line basis.
3. Investments : Investments are stated at cost.
4. Inventories : Basis of Valuation
Raw Material : At Cost
Finished Goods : At Cost or Market Value whichever is lower.
Shares : At Cost or Market Value whichever is lower.
5. Sales :
Sales of Products are recognised as on the date of the Invoices.
6. Gratuity :
No provision has been made in the accounts on account of gratuity which
are not quantified as it is not applicable.
7. Basis Of Accounting :
The Financial Statements are prepared under the Historical cost
convention accordance with the requirements of the Companies Act, 1956
and accepted Accounting Standards.
In the opinion of the Management, the Current Assets, Loans & Advances
are not less than the value stated, if realised in the ordinary course
of Business.
8. Deferred Tax :
a. The Company has adopted Accounting Standard-22 " Accounting for
taxes on Income" with effect from 1st April 2001.
During the current year the Company has a Deferred Tax Assets due to
higher depreciation adjusted as per the Companies Act, 1956 compared to
depreciation admissible as per the Income Tax Act, 1961 which is
credited to the Profit & Loss Account of the current year.
The Deferred Tax balances have arisen principally on account of the
timing difference between the depreciation adjusted in account. Though
adjustment has been made in term of Accounting Standard 22, having
regard to the Normal Capital Expenditure which the Company is expected
to continue to make in likely to materialize on account thereof.
Mar 31, 2010
1. FIXED Assets : Valued at Cost.
2. Depreciation and Amortisation :
a. Depreciation is provided as per straight line method according to
the rates specified in Schedule XIV of the Companies Act, 1956.
b. The Company writes off Leasehold land over the period of Lease on
Straight line basis.
3. Investments : Investments are stated at cost.
4. Inventories : Basis of Valuation Raw Material At Cost
Finished Goods At Cost or Market Value whichever is lower.
Shares At Cost or Market Value whichever is lower.
5. Sales :
Sales of Products are recognised as on the date of the Invoices.
6. Gratuity :
No provision has been made in the accounts on account of gratuity which
are not quantified as it is not applicable.
7. Basis Of Accounting :
The Financial Statements are prepared under the Historical cost
convention accordance with the requirements of the Companies Act, 1956
and accepted Accounting Standards. In the opinion of the Management,
the Current Assets, Loans & Advances are not less than the value
stated, if realised in the ordinary course of Business.
8. Deferred Tax :
a. The Company has adopted Accounting Standard-22 " Accounting for
taxes on Income" with effect from 1st April 2001.
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