Mar 31, 2018
1. Summary of significant accounting policies :
a. Use of estimates
The preparation of Financial Statements in conformity with Indian GAAP requires the management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of contingent liabilities, at the end of the reporting period. Although these estimates are based on the management''s best knowledge of current event and actions, uncertainty about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future period.
b. Fixed assets
Fixed assets are carried at the cost of acquisition or construction less accumulated depreciation. The cost of fixed assets includes non-refundable taxes, duties, freight and other incidental expenses related to the acquisition and installation of the respective assets.
c. Depreciation on Fixed assets
Depreciation on fixed asset is provided on the Written Down Value (WDV) Method. Depreciation is provided based on useful life of the asset as prescribed in Schedule II to the Companies Act 2013.
d. Revenue recognition
Having regards to the size, nature and level of operation of the business, the company is applying accrual basis of accounting for recognition of income earned and expenses incurred in the normal course of business.
e. Investments
Current investments are carried at lower of cost and quoted/ fair value, computed category-wise. Non- Current investments are stated at cost. Provision for diminution in the value of Non- Current investment is made only if such a decline is other than temporary.
f. Inventories
Inventories including shares and securities held for the purpose of sale in the ordinary course of business have been valued at cost or market value, whichever is lower.
g. Taxes on Income
Tax expense comprises of current tax and deferred tax. Current tax is measured at the amount expected to be paid to the tax authorities, using the applicable tax rates. Deferred income tax reflect the current period timing differences between taxable income and accounting income for the period and reversal of timing differences of earlier years/period.
Deferred tax assets are recognised only to the extent that there is a reasonable certainty that sufficient future income will be available except that deferred tax assets, in case there are unabsorbed depreciation or losses, are recognised if there is virtual certainty that sufficient future taxable income will be available to realize the same.
Deferred tax assets and liabilities are measured using the tax rates and tax law that have been enacted or substantively enacted by the Balance Sheet date.
h. Provisions
A provision is recognized when the company has a present obligation as a result of past event, it is probable that an outflow of resource embodying economic benefits will be require to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are review at the end of each reporting date and adjusted to reflect the current best estimates.
i. Earnings Per Share
Basic Earnings per Share has been calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. Diluted Earnings per Share has been computed by dividing the net profit after tax by the weighted average no. of equity shares considered for deriving basic Earnings per Share and also the weighted average no. of equity shares that could have been issued upon conversion of all dilutive potential equity shares.
Mar 31, 2016
1. Basis of preparation of Financial Statement
The Financial Statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these Financial Statements to comply in all material respect with the accounting standards notified under the Companies ( Accounting standards) Rule, 2006, (as amended) and the relevant provision of the companies Act, 2013. The Financial Statements have been prepared on the accrual basis and under the historical cost convention.
2. Summary of significant accounting policies :
a. Use of estimates
The preparation of Financial Statements in conformity with Indian GAAP requires the management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of contingent liabilities, at the end of the reporting period. Although these estimates are based on the management''s best knowledge of current event and actions, uncertainty about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future period.
b. Fixed assets
Fixed assets are carried at the cost of acquisition or construction less accumulated depreciation. The cost of fixed assets includes non-refundable taxes, duties, freight and other incidental expenses related to the acquisition and installation of the respective assets.
c. Depreciation on Fixed assets
Depreciation on fixed asset is provided on the Written Down Value (WDV) Method. Depreciation is provided based on useful life of the asset as prescribed in Schedule II to the Companies Act 2013.
d. Revenue recognition
Having regards to the size, nature and level of operation of the business, the company is applying accrual basis of accounting for recognition of income earned and expenses incurred in the normal course of business.
e. Investments
Current investment are stated at lower of cost or quoted/ fair value computed category- wise. Non- current Investments including are stated at cost. Provision for diminution in the value of non- current investments is made only if such decline is other than temporary.
f. Inventories
Inventories include investments in shares of other companies held for the purpose of sale in the ordinary course of business. The company classified such investments as inventory and valuation of them has been made at cost.
g. Taxes on Income
Tax expense comprises of current tax and deferred tax. Current tax is measured at the amount expected to be paid to the tax authorities, using the applicable tax rates. Deferred income tax reflect the current period timing differences between taxable income and accounting income for the period and reversal of timing differences of earlier years/period.
Deferred tax assets are recognized only to the extent that there is a reasonable certainty that sufficient future income will be available except that deferred tax assets, in case there are unabsorbed depreciation or losses, are recognized if there is virtual certainty that sufficient future taxable income will be available to realize the same.
Deferred tax assets and liabilities are measured using the tax rates and tax law that have been enacted or substantively enacted by the Balance Sheet date.
h. Provisions
A provision is recognized when the company has a present obligation as a result of past event, it is probable that an outflow of resource embodying economic benefits will be require to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are review at the end of each reporting date and adjusted to reflect the current best estimates.
i. Earnings Per Share
Basic Earnings per Share has been calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. Diluted Earnings per Share has been computed by dividing the net profit after tax by the weighted average no. of equity shares considered for deriving basic Earnings per Share and also the weighted average no. of equity shares that could have been issued upon conversion of all dilutive potential equity shares.
j. Cash and cash equivalents
Cash and cash equivalents comprise cash in hand, cash at bank and short term investments with the original maturity of three months or less.
k. Previous year figures
The company has reclassified previous year figures to conform to current year''s classification.
The company has issued only one class of equity share having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to vote per share. The company declares and pays dividend if any, in Indian Rupees. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting.
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 the preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholder.
Mar 31, 2015
A. Use of estimates
The preparation of Financial Statements in conformity with Indian GAAP
require s the management to make judgments, estimates and as sumptions
that affect the reported amounts of revenues, expenses, assets and
liabilities and the disclosure of contingent liabilities , at the end
of the reporting period. Although these estimates are based on the
management's best knowledge of current event and actions, uncertainty
about these as sumptions and estimate s could result in the outcome s
requiring a material adjustment to the carrying amounts of assets or
liabilities in future period.
b. Fixed assets
Fixed assets are carried at the cost of acquisition or construction
less accumulated depreciation. The cost of fixed assets include s
non-refundable taxes , duties , freight and other incidental expen ses
related to the acquisition and installation of the respective assets .
c. Depreciation on Fixed assets
Depreciation on fixed asset is provided on the Written Down Value (WDV)
Method. Depreciation is provided based on useful life of the asset as
prescribed in Schedule II to the Companies Act 2013.
d. Revenue recognition
Having regards to the size, nature and level of operation of the
business , the company is applying accrual basis of accounting for
recognition of income earned and expen sesincurred in the normal course
of business .
e. Inventories
Inventories include investments in s hares of other companies . The
company classified such investments as inventory and valuation of them
has been made at cost.
f. Taxes on Income
Tax expense comprises of current tax and deferred tax. Current tax is
measured at the amount expected to be paid to the tax authorities ,
using the applicable tax rates . Deferred income tax reflect the
current period timing differences between taxable income and accounting
income for the period and reversal of timing difference s of earlier
years /period.
Deferred tax assets are recognised only to the extent that there is a
reasonable certainty that sufficient future income will be available
except that deferred tax assets , in case there are unabsorbed
depreciation or losses , are recognised if there is virtual certainty
that sufficient future taxable income will be available to realize the
same.
Deferred tax assets and liabilities are measured using the tax rates
and tax law that have been enacted or substantively enacted by the
Balance Sheet date.
g. Provisions
A provision is recognized when the company has a present obligation as
a result of past event, it is probable that an outflow of resource
embodying economic benefits will be require to settle the obligation
and a reliable estimate can be made of the amount of the obligation.
Provisions are not discounted to their present value and are determined
based on the best estimate required to settle the obligation at the
reporting date. These estimate s are review at the end of each
reporting date and adjusted to reflect the current best estimates .
h. Earning Per Share
Basic Earning per Share has been calculated by dividing the net profit
or loss for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period.
Diluted Earning per Share has been computed by dividing the net profit
after tax by the weighted average no. of equity s hares considered for
deriving basic Earning per Share and also the weighted average no. of
equity shares that could have been issued upon conversion of all
dilutive potential equity shares .
i. Cash and cash equivalents
Cash and cash equivalents comprise cash in hand, cash at bank and
cheque in hand with the original maturity of three months or less .
j. Previous year figures
The company has reclassified previous year figures to conform to
current year's classification.
Mar 31, 2014
A. Revenue recognition
Having regard to the size, nature and level of operation of the
business, the company is applying accrual basis of accounting for
recognition of income earned and expenses incurred in the normal course
of business.
b. Fixed assets:
Fixed Assets are valued at cost of purchase and/or construction as
increased by necessary expenditure incurred to make them ready for use
in the business.
c. Inventories
Inventories include investments in shares of other companies. The
company classifies such investments as inventory and valuation of them
has been made at tower of cost or market value. However, unquoted
investments are stated at cost.
d. Depreciation
The company charged depreciation on its fixed assets according to
Written- Down Value Method as per rates prescribed under Schedule XIV
of the Companies Act, 1956 on pro rata basis.
e. Taxes on income
Current taxes on income have been provided by the Company in accordance
with the relevant provisions of the Income Tax Act, 1961. Deferred
Taxes has been recognised on timing differences between accounting
income and taxable income subject to consideration of prudence.
b. Terms and rights attached to equity shares
The company has issued only one class of equity share having a par
value of to. 10 per share. Each holder of equity shares is entitled to
vote per share. The company declares and pays dividend if any, in
Indian Rupees. The dividend proposed by the Board of Directors (s
subject to approval of the shareholders m the ensuing Annual General
Meeting, in the event of liquidation of the company, the holders of
equity shares wilt be entitiled to receive remaining assets of the
company after distribution of all the preferential amount. The
distribution will be In proportion to the number of equity shares held
by the shareholder.
60,00,000 Equity Shares were allotted on 06/06/2013 pursuant to IPO of
the Company.
Mar 31, 2013
1. Basis of preparation
The financial statements of the company have been prepared in
accordance with generally accepted accounting principles (Indian GAAP).
The company has prepared these financial statements to comply in all
material respects with the accounting standards notified under
Companies (Accounting Standards) Rules, 2006 (as amended from time to
time) and the relevant provisions of the Companies Act, 1956.
The financial statements have been prepared on accrual basis and under
the historical cost convention. The accounting policies not
specifically referred, are consistently applied from the past
accounting periods.
a. Changes in accounting policy
During the year ended 31st March 2012, the revised Schedule VI notified
under the Companies Act, 1956, has become applicable to the company,
for preparation and presentation of its financial statements. The
adoption of revised Schedule VI does not impact recognition and
measurement principles followed for preparation of financial
statements. However, it only impact on the presentation and disclosures
made in the financial statements. The company has also reclassified
previous year's figure in accordance with the requirements applicable
for the current year.
b. Revenue recognition
Having regard to the size, nature and level of operation of the
business, the company is applying accrual basis of accounting for
recognition of income earned and expenses incurred in the normal course
of business.
c. Fixed assets:
Fixed Assets are valued at cost of purchase and/or construction as
increased by necessary expenditure incurred to make them ready for use
in the business.
d. Inventories
Inventories include investments in shares of other companies. The
company classifies such investments as inventory and valuation of them
has been made at lower of cost or market value. However, unquoted
investments are stated at cost.
e. Depreciation
The company charged depreciation on its fixed assets on WDV method as
per rates prescribed under Schedule XIV of the Companies Act, 1956.
f. Taxes on income
Current taxes on income have been provided by the Company in accordance
with the relevant provisions of the Income Tax Act, 1961. Deferred
Taxes has been recognized on timing differences between accounting
income and taxable income subject to consideration of prudence.
Mar 31, 2012
A. Changes in accounting policy
During the year ended 31st March 2012, the revised Schedule VI notified
under the Companies Act, 1956, has become applicable to the company,
for preparation and presentation of its financial statements. The
adoption of revised Schedule VI does not impact recognition and
measurement principles followed for preparation of financial
statements. However, it only impact on the presentation and disclosures
made in the financial statements. The company has also reclassified
previous year's figure in accordance with the requirements applicable
for the current year.
b. Revenue recognition
Having regard to the size, nature and level of operation of the
business, the company is applying accrual basis of accounting for
recognition of income earned and expenses incurred in the normal course
of business.
c. Fixed assets:
Fixed Assets are valued at cost of purchase and/or construction as
increased by necessary expenditure incurred to make them ready for use
in the business.
d. Inventories
Inventories include investments in shares of other companies. The
company classifies such investments as inventory and valuation of them
has been made at lower of cost or market value. However, unquoted
investments are stated at cost.
e. Depreciation
The company charged depreciation on its fixed assets on WDV method as
per rates prescribed under Schedule XIV of the Companies Act, 1956.
f. Taxes on income
Current taxes on income have been provided by the Company in accordance
with the relevant provisions of the Income Tax Act, 1961. Deferred
Taxes has been recognised on timing differences between accounting
income and taxable income subject to consideration of prudence.