moneycontrol.com भारत | लेखांकन नीति > Textiles - Hosiery & Knitwear > लेखांकन नीति फॉलोड से आदि इंडस्ट्रीज - बीएसई: 507852, NSE: N.A

आदि इंडस्ट्रीज

बीएसई: 507852  |  NSE: N.A  |  ISIN: INE757C01021  |  Textiles - Hosiery & Knitwear

खोजें आदि इंडस्ट्रीज कनेक्शन मार्च 14
लेखांकन नीति साल : मार्च '15
i.  Basis of Accounting
 The financial statements are prepared under the historical cost
 convention on an accrual basis and in accordance with the Generally
 Accepted Accounting Principles in India (Indian GAAP) The company has
 prepared these financial statements to comply in all material respects
 with accounting standards notified under the Companies (Accounting
 Standard) Rules, 2006 and other relevant provisions of the Companies
 Act, 1956 and guidelines issued by the Security Exchange Board of India
 as adopted consistently by the Company.
 ii.  Uses of Estimates
 The financial statements are prepared using estimates and assumptions
 that effect the reported balances of the assets and liabilities and
 disclosures relating to contingent assets and liabilities as at the
 date of balance sheet and the statement of profit and loss during the
 year. Contingencies are recorded when it is probable that a liability
 has been incurred and amount can be reasonably estimated. Actual
 results could differ from these estimates. The actual results are
 recognized in the year in which the results are known/materialised.
 iii. Fixed Assets
 - Fixed Assets are stated at cost, less accumulated depreciation.
 - Leasehold Land is shown at Cost less amortisation.
 iv.  Method of Depreciation & Amortisation
 a) Depredation is provided at the rates calculated on the basis of
 life(s) specified in the Schedule II of the Companies Act, 2013 by
 using the Straight Line Method.
 b) Depredation on additions to Fixed Assets is calculated prorata from
 the date of such addition.
 c) Assets costing less than 5,000/-has been depredated fully in the
 year of purchase.
 d) Leasehold Improvements have been written off on prorata basis during
 the period of lease.
 v.  Inventories
 Valuation of Inventories             Method of Valuation
 a) Raw Material                      At Lower of Cost or Net realisable
                                      The cost is determined on Weighted
                                      Average basis.
 b) Finished Goods                    At Lower of Cost or Net realisable
 c) Stock-in-Process                  At Cost
 d) Stores & Spares                   At Cost
 * Cost comprises expenditure incurred in the normal course of business
 in bringing such inventories to the present location and condition.
 Finished Goods and Work- in Progress includes cost of conversion.
 vi. Foreign Currency Transactions
 a) Transactions denominated in Foreign Currencies are recorded at the
 exchange rate prevailing at the time of the transaction.
 b) Monetary Items denominated in foreign currency at the year end and
 not covered by forward exchange contracts are translated at year end
 rates and those covered by forward exchange contracts are translated at
 the rate ruling on the date of transaction as increased or decreased by
 the proportionate difference between the forward rate and exchange rate
 on the date of transaction, such difference having been recognised over
 the life of the contract.
 c) Any income or expense on account of exchange difference either on
 settlement or on translation is recognised in the statement of profit
 and loss.
 vii. Employee Benefits
 Expenses and Liabilities in respect of employee benefits are recorded
 in accordance with Revised Accounting Standard 15
 - Employees Benefits (Revised 2005).
 a) Post Employment Benefit Plans
 Payments to Defined Contribution Retirements Benefit Schemes are
 charged as an expense as they fall due.
 For Defined Benefit Shemes: the cost of providing benefits is
 determined using the Projected Unit Credit Method, with actuarial
 valuation being carried out at each balance sheet date. Actuarial gains
 and losses are recognized in full in the statement of profit and loss
 for the period in which they occur. Past service cost is recognized
 immediately to the extent that the benefits are already vested.
 The retirement benefit obligation recognised in the balance sheet
 represents the present value of the defined benefit obligation as
 adjusted for unrecognized past service cost, plus the present value of
 available refunds and reductions in future contributions to the scheme.
 b) Short Term Employee Benefits
 The undiscounted amount of short term employee benefits expected to be
 paid in exchange for the services rendered by employees is recognized
 during the period when the employee renders the service.
 viii. Revenue Recognition
 a) Export Sales are booked on the basis of date of Foreign Cargo
 b) Domestic sales are recognised (net of sales tax, sales returns and
 trade discount) at the point of despatch of goods.
 c) Duty Drawbacks, DEPB and Other exports benefits are recognised in
 the Statement of Profit & Loss on accrual basis.
 d) Interest income is recognized on accrual basis.
 ix.  Purchases
 Purchases are booked at the time of receipt of material at Factory
 x.  Investments
 a) Current Investments are stated at lower of cost and fair value.
 b) Long Term Investments are stated at Cost unless there is a
 diminution of permanent nature, if any in the opinion of the
 xi.  Earnings Per Share
 a) Basic earnings per share are calculated by dividing the net profit
 or loss for the year attributable to equity shareholders by weighted
 average number of equity shares outstanding during the year.
 b) For calculating diluted earnings per share, the net profit or loss
 for the year attributable to equity shareholders and the weighted
 average number of options outstanding during the year are adjusted for
 the effects of all dilutive potential equity shares.
 xii.  Cash Flow Statement
 Cash flow Statement is made as per the indirect method prescribed under
 Accounting Standard - 3 Cash Flow Statement notified under Companies
 (Accounting Standard) Rules, 2006.
 xiii. Taxes on Income Current Tax
 Current tax is the amount of tax payable on the taxable income for the
 year as determined in accordance with the provisions of Income Tax Act,
 Deferred Tax
 Deferred Tax resulting from timing difference between book and taxable
 profit is accounted for using the tax rate and laws that have been
 enacted or substantively enacted as on the Balance Sheet Date. Deferred
 Tax assets subject to consider- ation of prudence, are recognized and
 carried forward only to the extent that there is reasonable certainty
 that sufficient future taxable income will be available against which
 such deferred tax assets can be realized.
 xiv.  Provision, Contingent Liabilities and Contingent Assets
 Provision involving substantial degree of estimation in measurement are
 recognized when there is a present obligation as a result of past
 events and it is probable that there will be an outflow of resources.
 Contingent Liabilities are not recognized but are disclosed in the
 notes, contingent Assets are neither recognized nor disclosed in the
 financial statements.
 xv.  Leases
 a) In respect of lease transactions entered into prior to April 1,
 2001, lease rentals of assets acquired are charged to statement of
 profit & loss.
 b) Lease transactions entered into on or after April 1,2001:
 Assets acquired under leases where the company has substantially all
 the risks and rewards of ownership are classi- fied as finance leases.
 Such assets are capitalised at the inception of the lease at the lower
 of the value or the present value of minimum lease payments and a
 liability is created for an equivalent amount .Each lease rental paid
 is allocated between the liability and the interest cost, so as to
 obtain a constant periodic rate of interest on the liability for each
 Assets acquired under leases where a significant portion of all risks
 and rewards of ownership are retained by the lessor are classified as
 operating leases. Lease rentals are charged to the statement of profit
 & loss on accrual basis.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • JEFFERIES ON MGL : BUY रेटिंग, लक्ष्य घटाकर `1180/Sh
  • CITI ON NMDC : BUY रेटिंग, लक्ष्य `125/Sh
  • MS ON ADANI PORTS : Overweight रेटिंग, लक्ष्य `408/Sh
  • CITI ON COAL INDIA : BUY रेटिंग, लक्ष्य बढ़ाकर `270/Sh
  • CITI ON MOTHERSON SUMI : Neutral रेटिंग, लक्ष्य बढ़ाकर `135/Sh
  • CITI ON BRITANNIA IND : BUY रेटिंग, लक्ष्य बढ़ाकर `3575/Sh
  • CITI ON INDIAN ECONOMY : Q2 में GDP ग्रोथ 4.9% रहने का अनुमान
  • CITI ON INDIAN ECONOMY : Q3 में ग्रोथ 6% के करीब रहने का अनुमान
  • HSBC ON IIP : IIP पर दबाव की स्थिति बरकरार
  • HSBC ON IIP : कैपिटल गुड्स में लगातार 5वें महीने गिरावट

अभी देखें

टैक्स गुरु




(August 06, 2018)

AT (Rs)






Super Combo

Powerful mix of both trader and investor packs with timely expert advice.


Designed especially for traders looking to tap the profit opportunities of volatile markets.


For all investors looking to unearth stocks that are poised to move.