Mar 31, 2015
1. 1 a) The financial Statements are prepared on accrual basis under
the historical cost convention. b) Sales Excludes amount recovered
towards Value Added Tax & Other taxes
1.2 Fixed Assets:
a) Fixed Assets are stated at cost less depreciation. All expenses
relating to the acquisition and installation of fixed assets are
capitalised.
b) Depreciation on all assets is being provided on straight line
method at rates specified in Schedule II to the Companies Act 2013
c) Depreciation on assets sold, discarded or demolished during the
year i s being provided at their
Respective rates up to the month in which such assets are sold,
discarded or demolished.
d) An asset is treated as impaired when the carrying cost of an asset
exceeds its recoverable Value And the Impairment loss is charged to
profit and loss account in the year in which asset is impaired.
1.3 Government Grants:
a) Grants in the form of capital/investment subsidy are treated as
capital reserves.
b) Grants relating to fixed assets are adjusted in the cost of such
assets.
1.4 Inventories:
a) Raw Materials, Stores and spares, are valued at cost, Finished
goods and work in progress are valued at cost or net realisable value
whichever is lower.
1.5 INVESTMENTS: Current Investments are carried at lower off cost or
fair value whichever is less and noncurrent investments are stated at
cost provision for diminution in the value of non current investment
is made only if each declaim is other than temporary in nature.
1.6 Due to uncertainty, Income on account of Insurance claims are
accounted for as and when received.
RETIREMENT BENEFITS :
1.7 Provision for employer's contribution towards P.F & E.S.I has
been made during the year and it is paying the premium as per
contract. And also the premium as per contract. And no provision has
been made for the year.
Mar 31, 2013
1. 1 a) The Financial Statements are prepared basic on historical cost
convention.
b) Sales Excludes amount recovered towards Value Added Tax
& others.
1.2. Fixed Assets:
a) Fixed Assets are Started at cost less depreciation. All expences
relating to the acquisition and installation of fixed assets are
capitalised
b) Depreciation on all assets is being provided on straight line method
at rates specified inSchedule XIV to the companies Act 1956.
c) Depreciation on assets sold, discarded or demolished during the year
is being provided at their respective rates upto the month in which
such assets are sold, discarded or demolished.
1.3. GOVERNMENT GRANTS:
a) Grants in the form of capital/investments subsidy are treated as
capital reserves.
b) Grants relating to fixed assets are adjusted in the cost of such
assets.
1.4.INVENTORIES:
a) Raw material. Stores & spares, are valued at cost, Finished goods
and work in process are valued at cost are net. realisable value
whichever is lower.
1.5. INVESTMENTS: Investments are started at cost.
1.6. Due to uncertainty, Income on account of Insurance claims are
accounted for as and when received
RETIREMENTS BENIFfTS:
1.7 Provision for employers contribution towards P.F. & E.S.I, has been
made during the year.
1.8 The company has taken policy for employees Gratuity and it is
paying the premium as per contract.
a) Loan received from KSFC-Secured by the mortgage of Property situated
at No. A136,1st Stage, Peenya, Bangalore in the Name of Two Directors
along with a personal guarantee of Two Directors.
b) Loan From Kotak Mahindra Prime Loan against hypothecation of
Vehicle.
Mar 31, 2012
1. 1 a) The Financial Statements are prepared basic on historical cost
convention, b) Sales Excludes amount recovered towards Value Added Tax
& others.
1. 2. Fixed Assets:
a) Fixed Assets are Started at cost less depreciation. All expences
relating to the acquisition and installation of fixed assets are
capitalised
b) Depreciation on all assets is being provided on straight line method
at rates specified inSchedule XIV to the companies Act 1956.
c) Depreciation on assets sold, discarded or demolished during the year
is being provided at their respective rates upto the month in which
such assets are sold, discarded or demolished.
1.3. GOVERNMENT GRANTS:
a) Grants in the form of capital/investments subsidy are treated as
capital reserves.
b) Grants relating to fixed assets are adjusted in the cost of such
assets.
1. INVENTORIES:
a) Raw material, Stores & spares, are valued at cost, Finished goods
and work in process are valued at cost are net. realisable value
whichever is lower.
1.5. INVESTMENTS: Investments are started at cost.
1.6. Due to uncertainly, Income on account of Insurance claims are
accounted for as and when received RETIREMENTS BENIFITS:
1.7 Provision for employers contribution towards P.F. & E.S.I. has been
made duriilgthe year.
1.8 The company has taken policy for employees Gratuity and it is
paying the premium as per contract.
a) Loan received from KSFC-Secured by mortgage of Property situated at
No. A136,1st Stage, Peenya, Bangalore in the Name of Two Directors
along with a personal guarantee of Two Directors.
b) Loan From Kotak Mahindra Prime Loan against hypothecation of
Vehicle.
Mar 31, 2010
1.1 a) The financial Statements are prepared
based on historical cost convention.
b) Sales Excludes amount recovered towards Valu Added Tax & Other taxes
1.2 Fixed Assets:
a) Fixed Assets are stated at cost less depreciation. All expenses
relating to the acquisition and installation of fixed assets are
capitalised.
b) Depreciation on all assets is being provided on straight line method
at rates specified in Schedule XIV to the Companies Act 1956.
c) Depreciation on assets sold, discarded or demolished during the year
is being provided at their
Respective rates upto the month in which such assets are sold,
discarded or demolished.
1.3 Government Grants:
a) Grants in the form of capital/investment subsidy are treated as
capital reserves.
b) Grants relating to fixed assets are adjusted in the cost of such
assets.
1.4 Inventories:
a) Raw Materials, Stores and spares, are valued at cost,. Finished
goods and work in progress are valued at cost or net realisable value
whichever is lower.
1.5 INVESTMENTS: Investments are stated at cost.
1.6 Due to uncertainly, Income on account of Insurance claims are
accounted for as and when received.