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.
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.
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.
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.
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