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इंडिया पॉली

बीएसई: 514490  |  NSE: N.A  |  ISIN: INE725D01018  |  Textiles - Processing

खोजें इंडिया पॉली कनेक्शन मार्च 12
लेखांकन नीति साल : मार्च '13
1 BASTS OF PREPARATION OF FINANCIAL STATEMENTS :
 
 The Financial Statements are prepared on accrual basis of accounting
 under historical cost convention in accordance with generally accepted
 accounting principles in India and the relevant provisions of the
 Companies Act, 1956 including accounting standards notified thereunder.
 
 Accounting policies not referred to otherwise are consistent with
 Generally Accepted Accounting Policies.
 
 2 USE OF ESTIMATES
 
 The preparation of financial statements requires estimates and
 assumptions to be made that affect the reported amount of assets and
 liabilities on the date of financial statements and the actual
 results and estimates are recognized in the period in which they
 materialize.
 
 3 REVENUE RECOGNITION
 
 All material known revenue and expenditure items are accounted on
 accrual basis.
 
 4 FIXED ASSETS
 
 There is no Fixed Asset.
 
 5 BORROWING COST
 
 a) Borrowing Costs in ordinary course of business are recognized as an
 expense in the period in which these are incurred.
 
 b) Borrowing costs that are attributable to the manufacture,
 acquisition or construction of qualifying assets, are
 
 6 TAXES ON INCOME
 
 Current Tax is determined as the amount of tax payable in respect of
 taxable income for the year as per Income tax Act, 1961.
 
 DEFERRED TAXES
 
 The provision for Deferred Tax Liability(Assets) have not been made as
 the company had discontinued its business and now there is no
 possibility of such future profits on which the tax liability may arise
 in excess of carried forward losses.
 
 7 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
 
 A provision is recognized when the company has a present obligation as
 a result of past event and it is probable that an outflow of resources
 will be required to settle the obligation, in respect of which reliable
 estimate can be made.  These are reviewed at each balance sheet date
 and adjusted to reflect the current best estimates. Contingent
 liabilities are not recognized in the financial statements. A
 contingent asset is neither recognized nor disclosed in the financial
 statements.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `653 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `410 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `665 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1002 की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `273 Cr की बिकवाली
  • IN F&O BAN : F&O बैन में Yes Bank शामिल
  • TYRE STOCKS IN FOCUS : रेडियल टायर पर एंटी डंपिंग ड्यूटी संभव
  • MMTC / NMDC / BHEL : NINL में 100% हिस्सेदारी बेचेगी सरकार
  • ALLCARGO : `75/Sh के भाव पर Gati को खरीदा
  • COAL MINISTRY ON JSPL : Gare Palma ब्लॉक की बोली पर विचार जारी

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