Mar 31, 2014
Not Available.
Mar 31, 2013
(i) Method Of Accounting
a) The financial statements are prepared under the historical cost
convention in accordance with the generally accepted accounting
principles and the requirements of the Companies Act, 1956.
b) The Company generally follows accrual system of accounting and
recognises significant items of Income 6 Expenditure on accrual basis.
(ii) Investments:
Long term investments are stated at cost. Provision for diminution in
the value of long-term investments is made only if such a decline is
other than temporary.
The Company has made investment in shares of ALAG NIRMAN PVT LTD to the
extent of 54.55% of the total equity share capital of the said company
thereby becoming Holding company.
(iii) Depreciation and Amortisation : Depreciation on fixed assets is
provided in the manner prescribed in Schedule XIV to the Companies Act,
1956. Fictious Asset /Expenditures which were erstwhile carried
forward in the Balance Sheet under the head Miscellaneous Expenditure
to the extend not written off were fully written off with the advent of
AS26.
(iv) Employees Retirement Benefits: Gratuity, Provident fund and other
Retirement scheme are not applicable and hence the Company has not
provided for the same.
Mar 31, 2012
(i) Method Of Accounting
a) The financial statements are prepared under the historical cost
convention in accordance with the generally accepted accounting
principles and the requirements of the Companies Act, 1956.
b) The Company generally follows accrual system of accounting and
recognises significant items of Income & Expenditure on accrual basis.
(ii) Investments:
Long term investments are stated at cost. Provision for diminution in
the value of long-term investments is made only if such a decline is
other than temporary.
(iii) Depreciation and Amortisation:
Depreciation on fixed assets is provided in the manner prescribed in
Schedule XIV to the Companies Act, 1956. Fictious Asset /Expenditures
which were erstwhile carried forward in the Balance Sheet under the
head Miscellaneous Expenditure to the extend not written off were fully
written off with the advent of AS26.
(iv) Employees Retirement Benefits:
Gratuity, Provident fund and other Retirement scheme are not applicable
and hence the Company has not provided for the same.
Mar 31, 2011
(i) Method Of Accounting
a) The financial statements are prepared under the historical cost
convention in accordance with the generally accepted accounting
principles and the requirements of the Companies Act, 1956.
b) The Company generally follows accrual system of accounting and
recognises significant items of Income & Expenditure on accrual basis.
(ii) Investments:
Investments are valued at cost and any diminution in value, unless it
is of permanent nature is not recognised.
(iii) Amortisation of Miscellaneous Expenditure:
a) Preliminary expenses are amortised over a period of five years
(iv) Employees Retirement Benefits:
Gratuity, Provident fund and other Retirement scheme are not applicable
and hence the Company has not provided for the same.
Mar 31, 2009
1. General
i) The Accounts have been prepared on historical cost basis ignoring
Changes, if any in the purchasing power of money.
ii) All revenue and expenses are accounted on accrual basis.
2. Taxation
i) Provision for current tax is made after taking into consideration
benefits admissible under the provision of the Income Tax Act, 1961.
ii) Deferred Tax resulting from timing difference between book and
taxable profit is accounted for using tax rates and law that have been
enacted as on the Balance Sheet Date. Deferred Tax Asset, if any. is
recognized and carried forward only to the extent that there is a
reasonable certainly that the assets will be realized in future.
3. Borrowing Cost.
Borrowing cost directly attributable to the acquisition or construction
of fixed asset are capitalized as part of the cost of the asset, up to
the date the asset is put to use, Other borrowing costs are changed to
the profit & loss account in the year in which they are incurred.
4. Investment
Long term investments are stated at cost. Provision for diminution in
value of long term investment is made only if such a decline is other
than temporary.
5. Income Recognition
Income earned during the year is from Consultancy fees and is shown in
the Profit & Loss Account.