Mar 31, 2015
[a] Fixed Assets :
All fixed assets are valued at Historical cost less depreciation.
[b] Depreciation :
Depreciation is provided on Straight Line Basis at the rate provided by
Part "C" of the Companies Act 2013. Pursuant to the enactment of
Companies Act, 2013, the Company has applied the estimated useful lives
as specified in Schedule - II. Accordingly the unamortised carrying
value is being depreciated over the revised / remaining useful lives.
The carrying value of the asset net of residual value, whose lives have
expired as at 01.04.2014, have been adjusted in the opening balance of
profit and loss account amounting to Rs. 2805243.00
[c] Inventories:
- Raw Materials are valued at cost or net realisable value whichever is
lower, but net of Cenvat
- Goods in process is valued at estimated cost or net realisable value
whichever is
- Finished goods are valued at sales price or net realisable value
which ever is lower and include duty payable.
[d] Sales:
Sales are steed net of excise duty and sales tax.
[e] Excise Duty:
Liability for excise duty on finished goods is duly accounted for.
[f] Cenvat:
Cenvat benefit is accounted for on purchases of raw material and
appropriated against payment of excise duty on clearance of finished
goods. Purchases, stock of raw materials etc. are exclusive of such
duty.
[g] Preliminary & Public Issue Expenses :
Preliminary and public issue expenses are shown under the head
Miscellanous Expenditure to the extent not written off 1/10th is
written of every year to the profit and loss account.
[h] Investments :
Investments are valued at cost
[i] Employee Benefits :
(1) Provident Fund contribution & leave encashment are duly accounted
for each year
(2) No provision for gratuity has been made in the books of account.
[j] Recognition of Income & Expenditure :
The company id following accrued method of accounting except bonus, non
recurring & misc. income and expenditures as the impact of non
provision is not material on the profit and loss of the Company.
Mar 31, 2014
[a] Fixed Assets:
All fixed assets are valued at Historical cost less depreciation.
[b] Depreciation:
Depreciation is provided on Straight Line Basis at the rate provided by
schedule XIV of the Companies Act 1956.
[c] Inventories:
* Raw Materials are valued at cost or net realisable value whichever is
lower, but net of Cenvat
* Goods in process is valued at estimated cost or net realisable value
whichever is
* Finished goods are vaued at sales price or net realisable value which
ever is lower and include duty payble.
[d] Sales:
Sales arested net of excise duty and sales tax.
[e] Excise Duty:
Liability for excise duty on finished goods is duly accounted for.
[f] Cenvat:
Cenvat benefit is accounted for on purchases of raw material and
appropriated against payment of excise duty on clearance of finished
goods. Purchases, stock of raw materials etc. are exclusive of such
duty.
[g] Preliminary & Public Issue Expenses :
Preliminary and public issue expenses are shown under the head
Miscellanous Expenditure to the extent not written off 1/10th is
written of every year to the profit and loss account.
[h] Investments:
Investments are valued at cost
[i] Employee Benefits:
(1) Provident Fund contribution & leave encashment are duly accounted
for each year
(2) No provision for gratuity has been made in the books of account.
[j] Recognition of Income & Expenditure :
The company id following accrued method of accounting except bonus, non
rcurring & misc. income and expenditures as the impact of non provision
is not material on the profit and loss of the Company.
Mar 31, 2013
[a] Fixed Assets:
All fixed assets are valued at Historical cost less depreciation.
[b] Depreciation:
Depreciation is provided on Straight Line Basis at the rate provided by
schedule XIV of the Companies Act 1956.
[c] Inventories:
- Raw Materials are valued at cost or net realisable value whichever is
lower, but net of Cenvat
- Goods in process is valued at estimated cost or net realisable value
whichever is
- Finished goods are vaued at sales price or net realisable value which
ever is lower and include duty payble.
[d] Sales:
Sales are sted net of excise duty and sales tax.
[e] Excise Duty:
Liability for excise duty on finished goods is duly accounted for. If]
Cenvat:
Cenvat benefit is accounted for on purchases of raw material and
appropriated against payment of excise duty on clearance of finished
goods. Purchases, stock of raw materials etc. are exclusive of such
duty.
[g] Preliminary & Public Issue Expenses :
Preliminary and public issue expenses are shown under the head
Miscellanous Expenditure to the extent not written off 1/1 Oth is
written of every year to the profit and loss account.
[h] Investments:
Investments are valued at cost
[i] Employee Benefits:
(1) Provident Fund contribution & leave encashment are duly accounted
for each year
(2) No provision for gratuity has been made in the books of account.
[j] Recognition of Income & Expenditure :
The company id following accrued method of accounting except bonus, non
rcurring & misc. income and expenditures as the impact of non provision
is not material on the profit and loss of the Company.
Mar 31, 2012
(a) Fixed Assets:
All fixed assets are valued at Historical cost less depreciation.
(b) Depreciation :
Depreciation is provided on Straight Line Basis at the rate provided by
schedule XIV of the Companies Act 1956
(c) Inventories:
- Raw Materials are valued at cost or net realisable value whichever is
lower, but net of Cenvat
- Goods in process is valued at estimated cost or net realisable value
whichever is
- Finished goods are valued at sales price or net realisable value
which ever is lower and include duty payable.
(d) Sales:
Sales are stated net of excise duty and sales tax.
(e) Excise Duty:
Liability for excise duty on finished goods is duly accounted for.
(f) Cenvat:
Cenvat benefit is accounted for on purchases of raw material and
appropriated against payment of excise duty on clearance of finished
goods. Purchases, stock of raw materials etc. are exclusive of such
duty.
(g) Preliminary & Public Issue Expenses :
Preliminary and public issue expenses are shown under the head
Miscellaneous Expenditure to the extent not
written off 1/10th is written of every year to the profit and loss
account.
(h) Investments :
Investments are valued at cost
(i) Employee Benefits:
(1) Provident Fund contribution & leave encashment are duly accounted
for each year.
(2) No provision for gratuity has been made in the books of account.
j) Recognition of Income & Expenditure :
The company id following accrued method of accounting except bonus, non
recurring & misc. income and expenditures as the impact of non
provision is not material on the profit and loss of the Company.
Mar 31, 2010
A) FIXED ASSETS : All fixed Assets are valued at Historical cost less
depreciation.
b) DEPRECIATION: Depreciation is provided on Straight Line Basis at the
rate provided by schedule XIV of the Companies .Act 1956.
c) INVENTORIES : Raw Materials are valued at cost or net realisable
value whichever is lower, but net of Cenvat.. Goods in process is
valued at estimated cost or net realisable value whichever is Finished
goods are vaued at sales price or net realisable value which ever is
lower and include excise duty payable.
d) SALES : Sales are stated net of excise duty and sales tax.
e) EXCISE DUTY: Liability for excise duty on finished good is duly
accounted for.
f) CENVAT: Cenvat benefit is accounted for on purchases of raw material
and appropriated against payment of excise duty on clearance of
finished goods. Purchases, stock of raw materials etc. are exclusive of
such
g) PRELIMINARY & PUBLIC ISSUE EXPENSES: Preliminary and public issue
expenses are shown under the head Miscellanous Expenditure to the
extent not written off I/10th is written off every year to the profit
and loss account.
h) INVESTMENTS: Investments are valued at cost.
i) EMPLOYEE BENEFITS : (1) Provident Fund contribution & leave
encashment are duly accounted for each year
(2) No provision for gratuity lias been made in the books of account.
j) RECOGNITION OT INCOME & EXPENDITURE: Tital company is following
cicciued method of accounting except bonus., non rcurring & misc.
income and expenditures as the impact of non provision is not material
on the profit and loss of the Company.
Mar 31, 2009
[a] FIXED ASSETS :All fixed Assets are valued at Historical cost less
depreciation.
[b] DEPRECIATION :Depreciation is provided on Straight Line Basis at
the rate provided by schedule XIV of the Companies
[c] INVENTORIES : Raw Materials are valued at cost or net realisable
value whichever is lower, but net of Cenvat..Goods in process is valued
at estimated cost or net realisable value whichever is Finished goods
are valued at sales price or net realisable yalue^ which ever is lower
and include excise duty payable.
[d] SALES : Sales are stated net of excise duty and sales tax.
[e] EXCISE DUTY : Liability for excise duty on finished good is duly
accounted for.
[f] CENVAT : Cenvat benefit is accounted tor on purchases of raw
material and appropriated against payment of excise duty on clearance
of finished goods. Purchases, stock of raw materials etc. are exclusive
of such
[g] PRELIMINARY & PUBLIC ISSUE EXPENSES : Preliminary and public issue
expenses are shown under the head Miscellanous Expenditure to the
extent not written off I/ 10th is written off every year to the profit
and loss account.
[h] INVESTMENTS: Investments are valued at cost,
[i] GRATUITYNo provision for gratuity has been made in the books of
account,
[j] RECOGNITION OF INCOME & EXPENDITURE: The company is following
accrued method of accounting except bonus, non rcurring & misc. income
and expenditures as the impact of non provision is not material on the
profit and loss of the Company.