Mar 31, 2015
1.1 Basis of accounting and preparation of financial statements.
The financial statements of the Company have been prepared in
accordance with the Generally Accepted Accounting Principles in India
(Indian GAAP) to comply with the Accounting Standards notified under
the Companies (Accounting Standards) Rules, 2006 (as amended) and the
relevant provisions of the Companies Act, 1956. The financial
statements have been prepared on accrual basis under the historical
cost convention. The accounting policies adopted in the preparation of
the financial statements are consistent with those followed in the
previous year.
1.2 Inventories
Stock in trade is valued scrip wise, at cost or net realizable value
whichever is lower in case of listed shares. Whereas in case of
unquoted shares, valuation is at cost. Cost is calculated on the basis
of first- in- first- out method.
1.3 Cash & Cash Equivalents
In the cash flow statement, cash and cash equivalents includes cash on
hand, demand deposits with banks, other short term highly liquid
investments with original maturities of three months or less.
1.4 Tangible Fixed Assets:
Fixed Assets have been stated at historical cost inclusive of
incidental expenses, less accumulated depreciation.
1.5 Depreciation:
Depreciation has been provided on Straight line Method on prorata-basis
and in some cases to the extent available at the rates and in the
manner prescribed in schedule XIV to the Companies Act, 1956.
1.6 Revenue Recognition
Sales are recognized on transfer of significant risks and rewards of
the ownership of the goods to the buyer and are reported net of
turnover / trade discounts, returns and claims if any. Revenue from
services are accounted as and when incurred.
Dividend income on investments is accounted for when the right to
receive the payment is established. Interest income is accounted on
time proportion basis taking into account the amount outstanding and
applicable
1.7 Investments
Long term investments are stated at cost, less provision for diminution
in the value other than temporary, if any.
1.8 Employee benefits
The Company does not have any employee to whom gratuity or any
retirement benefits are payable.
1.9 Earning per Share:
Basic earning per share is calculated by dividing the net profit or
loss for the year attributable to equity shareholders by the weighted
average number of equity shares outstanding during the year.
1.10 Taxation
Tax liability is estimated considering the provision of the Income Tax,
1961. Deferred tax is recognized on timing differences; being the
difference between taxable income and accounting income that originate
in one period and are capable of reversal in one or more subsequent
periods. On prudent basis, deferred tax assets are recognized and
carried forward to the extent only when there is reasonable certainty
that the assets will be adjusted in future.
(b) Detailed note on the terms of the rights, preferences and
restrictions relating to each class of shares including restrictions on
the distribution of dividends and repayment of capital.
i) The Company has only one class of Equity Shares having a par value
of Rs. 10/- per share. Each holder of Equity Share is entitled to one
vote per share.
ii) 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 of all preferential amounts. The distribution will
be in proportion to the number of Equity shares held by the
shareholders.
(e) Detailed note on Shares reserved to be issued under option and
contracts/ commitments for the sale of shares / divestments including
the terms and conditions.
The company does not have any such contracts / commitment as on
reporting date.
(f) Detailed terms of any securities convertible into shares, e.g. in
the case of convertible warrants, debentures, bonds etc.
The Company does not have any securities convertible into shares as on
reporting date.
(b) Basis of valuation of Inventories
Inventories are valued at lower of cost or net realizable value on FIFO
basis which is in accordance with AS 2 as issued by the ICAI.
(b) Relative of key management personnel and Name of the enterprises
having same key management personnel and/ or their relatives as the
reporting enterprises with whom the Company has entered into
transactions during the
Mar 31, 2014
1.1 Basis of accounting and preparation of financial statements.
The financial statements of the Company have been prepared in
accordance with the Generally Accepted Accounting Principles in India
(Indian GAAP) to comply with the Accounting Standards notified under
the Companies (Accounting Standards) Rules, 2006 (as amended) and the
relevant provisions of the Companies Act, 1956. The financial
statements have been prepared on accrual basis under the historical
cost convention. The accounting policies adopted in the preparation of
the financial statements are consistent with those followed in the
previous year.
1.2 Inventories
Stock in trade is valued scrip wise, at cost or net realisable value
whichever is lower in case of listed shares. Whereas in case of
unquoted shares, valuation is at cost. Cost is calculated on the basis
of first- in- first- out method.
1.3 Cash & Cash Equivalents
In the cash flow statement, cash and cash equivalents includes cash on
hand, demand deposites with banks, other short term highly liquid
investments with original maturities of three months or less
1.4 Tangible Fixed Assets:
Fixed Assets have been stated at historical cost inclusive of
incidental expenses, less accumulated depreciation.
1.5 Depreciation:
Depreciation has been provided on Straight line Method on prorata-basis
and in some cases to the extent available at the rates and in the
manner prescribed in schedule XIV to the Companies Act, 1956.
1.6 Revenue Recognition
Sales are recognised on transfer of significant risks and rewards of
the ownership of the goods to the buyer and are reported net of
turnover / trade discounts, returns and claims if any. Revenue from
services are accounted as and when incurred.
Dividend income on investments is accounted for when the right to
receive the payment is established.
Interest income is accounted on time proportion basis taking into
account the amount outstanding and applicable interest
1.7 Investments
Long term investments are stated at cost, less provision for diminution
in the value other than temporary, if any.
1.8 Employee benefits
The Company does not have any employee to whom gratuity or any
retirement benefits are payable.
1.9 Earning per Share:
Basic earning per share is calculated by dividing the net profit or
loss for the year attributable to equity shareholders by the weighted
average number of equity shares outstanding during the year.
1.10 Taxation
Tax liability is estimated considering the provision of the Income Tax,
1961. Deferred tax is recognised on timing differences; being the
difference between taxable income and accounting income that originate
in one period and are capable of reversal in one or more subsequent
periods. On prudent basis, deferred tax assets are recognised and
carried forward to the extent only when there is reasonable certainty
that the assets will be adjusted in future.
Mar 31, 2013
1.1 Basis of accounting and preparation of financial statements.
The financial statements of the Company have been prepared in
accordance with the Generally Accepted Accounting Principles in India
(Indian GAAP) to comply with the Accounting Standards notified under
the Companies (Accounting Standards) Rules, 2006 (as amended) and the
relevant provisions of the Companies Act, 1956. The financial
statements have been prepared on accrual basis under the historical
cost convention. The accounting policies adopted in the preparation of
the financial statements are consistent with those followed in the
previous year.
1.2 Inventories
Stock in trade is valued scrip wise, at cost or market value whichever
is lower in case of listed shares. Whereas in case of unquoted shares,
valuation is at cost. Cost is calculated on the basis of first- in-
first- out method.
1.3 Cash & Cash Equivalents
In the cash flow statement, cash and cash equivalents includes cash on
hand, demand deposites with banks, other short term highly liquid
investments with original maturities of three months or less.
1.4 Tangible Fixed Assets:
Fixed Assets have been stated at historical cost inclusive of
incidental expenses, less accumulated depreciation.
1.5 Depreciation:
Depreciation has been provided on Straight line Method on prorata-basis
and in some cases to the extent available at the rates and in the
manner prescribed in schedule XIV to the Companies Act, 1956.
1.6 Revenue Recognition
Sales are recognised on transfer of significant risks and rewards of
the ownership of the goods to the buyer and are reported net of
turnover / trade discounts, returns and claims if any. Revenue from
services are accounted as and when incurred.
Dividend income on investments is accounted for when the right to
receive the payment is established.
Interest income is accounted on time proportion basis taking into
account the amount outstanding and applicable interest
1.7 Investments
Long term investments are stated at cost, less provision for diminution
in the value other than temporary, if any.
1.8 Employee benefits
The Company does not have any employee to whom gratuity or any
retirement benefits are payable.
1.9 Earning per Share:
Basic earning per share is calculated by dividing the net profit or
loss for the year attributable to equity shareholders by the weighted
average number of equity shares outstanding during the year.
1.10 Taxation
Tax liability is estimated considering the provision of the Income Tax,
1961. Deferred tax is recognised on timing differences; being the
difference between taxable income and accounting income that originate
in one period and are capable of reversal in one or more subsequent
periods. On prudent basis, deferred tax assets are recognised and
carried forward to the extent only when there is reasonable certainty
that the assets will be adjusted in future.
Mar 31, 2012
1.1 Basis of accounting and preparation of financial statements.
The financial statements of the Company have been prepared in
accordance with the Generally Accepted Accounting Principles in India
(Indian GAAP) to comply with the Accounting Standards notified under
the Companies (Accounting Standards) Rules, 2006 (as amended) and the
relevant provisions of the Companies Act, 1956. The financial
statements have been prepared on accrual basis under the historical
cost convention. The accounting policies adopted in the preparation of
the financial statements are consistent with those followed in the
previous year.
1.2 Inventories
Stock in trade is valued scrip wise, at cost or market value whichever
is lower in case of listed shares. Whereas in case of unquoted shares,
valuation is at cost. Cost is calculated on the basis of first- in-
first- out method.
1.3 Cash & Cash Equivalents
In the cash flow statement, cash and cash equivalents includes cash on
hand, demand deposites with banks, other short term highly liquid
investments with original maturities of three month's or less.
1.4 Depreciation:
Depreciation has been provided on Straight line Method on prorata-basis
and in some cases to the extent available at the rates and in the
manner prescribed in schedule XIV to the Companies Act, 1956.
1.5 Revenue Recognition
Sales are recognised on transfer of significant risks and rewards of
the ownership of the goods to the buyer and are reported net of
turnover / trade discounts, returns and claims if any. Revenue from
services are accounted as and when incurred Dividend income on
investments is accounted for when the right to receive the payment is
established
Interest income is accounted an time proportion basis talcing into
account the amount outstanding and applicable interest
1.6 Tangible Fixed Assets:
Fixed Assets have been stated at historical cost inclusive of
incidental expenses, less accumulated depreciation.
1.7 Investments
Long term investments stated at cost, less provision for diminution in
the value other than temporary, if any.
1.8 Employee benefits
The Company does not have any employee to whom gratuity or any
retirement benefits arc payable.
1.9 Earning per Share:
Basic earning per share is calculated by dividing the net profit or
loss for the year attributable to equity shareholders by the weighted
average number of equity shares outstanding during the year.
1.10 Taxation
Tax liability is estimated considering the provision of the Income Tax,
1961. Deferred tax is recognised on. timing differences:-being the
difference between taxable, income and accounting income that originate
in one period and are capable of reversal in one of more subsequent
periods. On prudent basis, deferred tax assets are recognised and
carried forward to the extent only when there is reasonable certainty
that the assets will be adjusted in future.
Mar 31, 2010
1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements are prepared as per historical cost convention
and in accordance with the generally accepted accounting principle in
India, the provisions of the Companies Act, 1956 and the applicable
accounting standards issued by the ICAI.
2. INVESTMENTS
Long Term Investments are carried at cost. No provision is made for
diminution in value of such investments where, in opinion of the board,
such diminution is temporary.
3. CLOSING STOCK OF SHARES
Closing Stock of shares has been valued at lower of cost or market
value in case of quoted shares. Whereas unquoted shares are valued at
cost. Stock in trade has been taken, valued and certified by the
management.
4. REVENUE RECOGNITION
Income and Expenditure are generally recognized on accrual basis.
5. FIXED ASSETS
Fixed Assets have been stated at historical cost inclusive of
incidental expenses, less accumulated depreciation.
6. DEPRECIATION / AMORTISATION
Depreciation has been provided on SLM method on pro rata basis at the
rates and in the manner prescribed in schedule XIV to the Companies
Act, 1956
7. EMPLOYEE BENEFITS
Gratuity / Retirement Benefits are accounted for on payment basis.
8. TAXATION
Tax expenses for a year comprise of current tax and deferred tax.
Current tax is measured after taking into consideration, the deductions
and exemptions admissible under the provision of Income Tax Act, 1961
and in accordance with Accounting Standard 22 on "Accounting for Taxes
on Income", issued by ICAI.
Deferred Tax assets or liabilities are recognized for further tax
consequence attributable to timing difference between taxable income
and accounting income that are measured at relevant enacted tax rates.
At each Balance Sheet-date the company reassesses unrecognized deferred
tax assets, to the extent they become reasonably certain or virtually
certain of realization, as the case may be.