Mar 31, 2014
1. Basis of Accounting
The financial statements are prepared under the historical cost
convention on a going concern basis and accordance with the
requirements of the Companies Act, 1956 and applicable accounting
standards.
2. Recognition of Revenue
Income in recognized on accrual basis.
3. Fixed Assets and Depreciation
Fixed Assets are stated at actual cost less accumulated depreciation.
Depreciation on Fixed Assets is computed on written down value method
at the rates and in the manner specified under schedule XIV to the
Companies Act, 1956.
4. Payment of Gratuity has not arisen and therefore not recognized in
the accounts.
5. All other expenditure has been accounted on accrual basis.
6. The Company does not carry any inventory.
Mar 31, 2012
1. Basis of Accounting
The financial statements are prepared under the historical cost
convention on a going concern basis and accordance with the
requirements of the Companies Act, 1956 and applicable accounting
standards.
2. Recognition of Revenue
Finance charges on Hire purchase Contracts have not been recognized
during the year in the absence of its virtual certainty.
3. Fixed Assets and Depreciation
Fixed Assets are stated at actual cost less accumulated depreciation.
Depreciation on Fixed Assets is computed on written down value method
at the rates and in the manner specified under schedule XIV to the
Companies Act, 1956.
4. Payment of Gratuity has not arisen and therefore not recognized in
the accounts.
5. All other expenditure has been accounted on accrual basis.
6. The Company does not carry any inventory.
Mar 31, 2010
1. Basis of Accounting
The financial statements are prepared under the historical cost
convention on a going concern basis and accordance with the
requirements of the Companies Act, 1956 and applicable accounting
standards.
2. Recognition of Revenue
Finance charges on Hire purchase Contracts have not been recognized
during the year in the absence of its virtual certainty.
3. Fixed Assets and Depreciation
Fixed Assets are stated at actual cost less accumulated depreciation.
Depreciation on Fixed Assets is computed on written down value method
at the rates and in the manner specified under schedule XIV to the
Companies Act, 1956.
4. Payment of Gratuity has not arisen and therefore not recognized in
the accounts.
5. All other expenditure has been accounted on accrual basis.
6. The Company does not carry any inventory.
Mar 31, 2009
1. Basis of Accounting
The financial statements are prepared under the historical cost
convention on going concern basis and accordance with the requirements
of the Companies Act 1956 and applicable accounting standards.
2. Recognition of Revenue
Finance charges on Hire purchase Contracts have not been recognized
during the year in the absence of its virtual certainty.
3. Fixed Assets and Depreciation
Fixed Assets are stated at actual cost less accumulated depreciation
Depreciation on Fixed Assets is computed on written down value method
at the rates and in the manner specified under schedule XIV to the
Companies Act 1956.
4. Payment of Gratuity has not arisen and therefore not recognized in
the accounts.
5. All other expenditure has been accounted on accrual basis.
6. The Company does not carry any inventory.
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