Mar 31, 2014
1. a) Accounting Convention
These accounts are prepared under the historical cost convention and
evaluated on a going concern basis. The financial statements materially
comply with and are in conformity with the mandatory accounting
standards issued by The Institute of Chartered Accountants of India and
the standards and the presentation requirements of the Companies Act,
1956.
b) Borrowing Costs
Borrowing Costs attributable to the acquisition and construction of
asset are capitalised as part of the cost of such asset up to the asset
are capitalised as part of the cost of such asset up to the date when
such asset is ready for its intended use. Other borrowing costs are
treated as revenue.
c) Valuation of Investments At Cost. Provision is made for permanent
diminution in value of investments.
d) Valuation of Fixed Assets At Cost less accumulated depreciation.
2. In the opinion of the Board of Directors, the investments made by
the Company are intended to be held for more than one year from the
date on which such investment is made and have therefore been valued at
cost. However, provision is made for provision for permanent diminution
in value of investments.
3. Contingent liability in respect of unpaid liability on partly paid
shares/debentures is Nil (Previous year Rs. Nil)
4. In the opinion of the Board of Directors, there is no tax effect of
timing differences based on the estimated computation for a reasonable
period, therefore, no provision for deferred tax in terms of accounting
standard (AS 22) "Accounting for taxes on income" issued by the
Institute of Chartered Accountants in India is made.
5. Related Party Disclosures
i) Associates
Sai Agencies Pvt. Ltd.
Sai Industries Limited
Sai Enterprises Pvt Ltd
ii) Key Management Personnel & Relatives
Dr. Niraj Kumar Singh
Mrs. Juhi Singh
Late Mr. Bhoj Raj Singh
6. As per information and explanations given to us the company does not
owe any amount more than Rs. 1.00 Lac and outstanding for more than 30
days as at 31.03.2014 to any Small Scale Industries.
7. Segment wise financial performance - AS-17
Entire revenue and expenses of the company are considered as related to
one segment only, hence no separate reporting under AS-17 is considered
as required.
8. There are no significant events occurring after balance Sheet Date
having any material impact on Balance Sheet as at 31.03.2014.
Mar 31, 2013
A) Accounting Convention
These accounts are prepared under the historical cost convention and
evaluated on a going concern basis. The financial statements materially
comply with arid are in conformity with the mandatory accounting
standards issued by The Institute of Chartered Accountants of India and
the standards and the presentation requirements of the Companies Act,
1956.
b) Borrowing Costs
Borrowing Costs attributable to the acquisition and construction of
asset are capitalized as part of the cost of such asset up to the asset
are capitalized as part of the cost of such asset up to the date when
such asset is ready for its intended use. Other borrowing costs are
treated as revenue.
c) Valuation of Investments
At Cost. Provision is made for permanent diminution in value of
investments.
d) Valuation of Fixed Assets
At Cost less accumulated depreciation.
e) Depreciation has been provided on Written Down Value Method at the
rates specified in Schedule XIV of the Companies Act, 1956 on pro-rate
basis on existing assets with quarterly rest of additions.
Mar 31, 2012
A) There Prepared under the historical cost convention and
evaluated on a going concern basis The Financial statements materially
comply with and are in conformity with the mandatory accounting
standards issued by The Institute of Chartered Accountants of India and
the standards and the presentation requirements of the Companies Act,
1956.
b) Borrowing cots attributable to the acquisition and construction of
asset are capitalised as part of the cost of such asset up to the asset
are capitalised as part of the cost of such asset up to the date when
such asset is ready for its intended use. Other borrowing costs are
treated as revenue.
c) Valuation of investments At Cost. Provision is made for permanent
diminution in value of investments.
d) Valuation of Fixed Assets At Cost less accumulated depreciation.
e) Depreciation has been provided on Straight Line Method m accordance
Wrth the prows ons of Section 205(2)(b) of the Companies Act, 1956 at
the rates specified in Schedule XIV of he Companies Act, 1956 on
pro-rate basis on existing assets. However, on leased assets, the
substantial part of the block has been written off during the year.
f) Lease Rentals are accounted on accrued and due basis except in the
case of leased rentals Shave become NPAas per NBFC Prudential Norms
(RBI) Directors 2000 which has been
Mar 31, 2011
A) Accounting Convention
These accounts are prepared under the historical cost convention and
evaluated on a going concern basis. The financial statements materially
comply with and are in conformity with the mandatory accounting
standards issued by The Institute of Chartered Accountants of India and
the standards and the presentation requirements of the Companies Act,
1956.
b) Borrowing Costs
Borrowing Costs attributable to the acquisition and construction of
asset are capitalised as part of the cost of such asset up to the date
when such asset is ready for its intended use. Other borrowing costs
are treated as revenue.
c) Valuation of Investments
At Cost. Provision is made for permanent diminution in value of
investments.
d) Valuation of Fixed Assets
At Cost less accumulated depreciation. e} Depreciation has been
provided on Written Down Value Method at the rates specified in
Schedule XIV of the Companies Act, 1956 on pro-rate basis on existing
assets with quarterly rest of additions.
Mar 31, 2010
A) Accounting Convention
These accounts are prepared under the historical cost convention and
evaluated on a going concern basis. The financial statements materially
comply with and are in conformity with the mandatory accounting
standards issued by The Institute of Chartered Accountants of India and
the standards and the presentation requirements of the Companies Act,
1956.
b) Borrowing Costs
Borrowing Costs attributable to the acquisition and construction of
asset are capitalised as part of the cost of such asset up to the asset
are capitalised as part of the cost of such asset up to the date when
such asset is ready for its intended use. Other borrowing costs are
treated as revenue.
c) Valuation of Investments
At Cost. Provision is made for permanent diminution in value of
investments.
d) Valuation of Fixed Assets
At Cost less accumulated depreciation.
e) Depreciation has been provided on Written Down Value Method at the
rates specified in Schedule XIV of the Companies Act, 1956 on pro-rate
basis on existing assets with quarterly rest of additions.
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