Accounting Policies of Bandaram Pharma Packtech Ltd. Company

Mar 31, 2014

The Company follows the Mercantile System of Accounting and recognizes Income and Expenditure on accrual basis except dividend which is accounted for on cash basis. The accounts are prepared on historical cost basis, as a going concern and are consistent with generally accepted accounting principles.

FIXED ASSETS

Fixed Assets are stated at cost of acquisition, inclusive of inward freight, duties & taxes and incidental expenses related to acquisition. In respect of major projects involving construction and modification cum expansion, related pre-operational expenses form part of the value of the assets capitalized.

DEPRECIATION

Depreciation is calculated on fixed assets on straight-line method at the rates and in the manner provided in Schedule of the Companies Act, 2013.

EARNING PER SHARE

Basic earnings per share is calculated by dividing the net profit/loss for the year attributable to equity shareholders, by the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is calculated by dividing the net profit/loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year.

DEFERRED TAXATION

Deferred Taxation is provided using the liability method in respect of the taxation effect arising from all material timing differences between the accounting and tax treatment of income and expenditure which are expected with reasonable probability to crystallize in the foreseeable future.

Deferred tax benefits are recognized in the financial statements only to the extent of any deferred tax liability or when such benefits are reasonably expected to be realizable in the near future.

CONTINGENT LIABILITIES

Unprovided contingent liabilities are disclosed in the accounts by way of notes giving nature and quantum of such liabilities.

OTHERS:

Other Accounting Policies followed are generally accepted accounting practices.

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Mar 31, 2013

ACCOUNTING CONCEPTS

The Company follows the Mercantile System of Accounting and recognizes Income and Expenditure on accrual basis except dividend which is accounted for on cash basis. The accounts are prepared on historical cost basis, as a going concern and are consistent with generally accepted accounting principles.

FIXED ASSETS

Fixed Assets are stated at cost of acquisition, inclusive of inward freight, duties & taxes and incidental expenses related to acquisition. In respect of major projects involving construction and modification cum expansion, related pre-operational expenses form part of the value of the assets capitalized.

DEPRECIATION

Depreciation is calculated on fixed assets on straight-line method at the rates and in the manner provided in Schedule XIV of the Companies Act, 1956.

EARNING PER SHARE

Basic earnings per share is calculated by dividing the net profit/loss for the year attributable to equity shareholders, by the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is calculated by dividing the net profit/loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year.

DEFERRED TAXATION

Deferred Taxation is provided using the liability method in respect of the taxation effect arising from all material timing differences between the accounting and tax treatment of income and expenditure which are expected with reasonable probability to crystallize in the foreseeable future.

Deferred tax benefits are recognized in the financial statements only to the extent of any deferred tax liability or when such benefits are reasonably expected to be realizable in the near future.

CONTINGENT LIABILITIES

Unprovided contingent liabilities are disclosed in the accounts by way of notes giving nature and quantum of such liabilities.

OTHERS:

Other Accounting Policies followed are generally accepted accounting practices.

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Mar 31, 2011

ACCOUNTING CONCEPTS '

The Company follows the Mercantile System of Accounting and recognizes Income and Expenditure on accrual basis except dividend which is accounted for on cash basis. The accounts are prepared on historical cost basis, as a going concern and are consistent with generally accepted accounting principles.

FIXED ASSETS

Fixed Assets are stated at cost of acquisition, inclusive of inward freight, duties & taxes and incidental expenses related to acquisition. In respect of major projects involving construction and modification cum expansion, related pre-operational expenses form part of the value of the assets capitalized.

DEPRECIATION

Depreciation is calculated on fixed assets on straight-line method at the rates, and in the manner provided in Schedule XIV of the companies Act, 1956.

EARNING PER SHARE

Basic earning per share is calculated by dividing the net profit/loss for the year attributable to equity shareholders, by the weighted average number of equity shares outstanding during the year.

Diluted earning per shares is calculated by dividing the net profit/loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year.

DEFERRED TAXATION

Deferred Taxation is provided using the liability method in respect of the taxation effect arising from all material timing differences between the accounting and tax treatment of income and expenditure which are expected with reasonable probability to crystallize in the foreseeable future.

Deferred tax benefits are recognized in the financial statements only to the extent of any deferred tax liability or when such benefits are reasonably expected to be realizable in the near future.

CONTINGENT LIABILITIES

Un provided contingent liabilities are disclosed in the accounts by way of notes giving nature and quantum of such liabilities.

OTHERS:

Other Accounting Policies followed are generally accepted accounting practices.

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Mar 31, 2010

ACCOUNTING CONCEPTS

The company follows the members systems of Accounting and recognize income are income are Expenditure on accrual expect dividend which is accounted for on cash basis. The accounts are prepared on historical best basis as a going and are consistent with generally accepted accounting principles.

FIXED ASSETS

Fixed assets are stated at cost of acquisition inclusive of inward freighter duties & taxes and incidental related to acquisition in respect of major projects involving construction cum explanation related operations expenses form part value of the assets capitalized.

DEPRECIATION

Depreciation is calculated on fixed assets on straight line method at the rates and in the inner provided in schedule in Schedule XIV of the Companies Act, 1956,

EARNINGS PER SHARE

Basic coming per share is calculated by dividing the net profits for the year attributable quay by the weighted average number of equity shares outstanding the year.

Dieted reaming per share is calculated by dividing the net profit / loss for the year attributable to equity shareholders by the weighted average number of equity of shares during the year.

DEFERRED TAXATION

Deferred taxation is provided using the liability method in respect of thee taxation effect among from all material difference between the accounting and tax treatment of income and expenditure which are expected reasonable probability by crystallization in the foreseeable future.

deferred tax benefits are recognized in the financial statements only to the extent of any deferred tax liability or when such benefits are reasonably expected to be realizable in the near future.

CONTINGENT LIABILITIES

Un provided contingent liabilities in the accounts by way of notes giving nature and quantum of such liabilities

OTHER

Other Accounting policies followed are generally accepted accounting particles.