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इंटेलविजंस सॉफ्टवेयर

बीएसई: 531777  |  NSE: N.A  |  ISIN: INE600C01015  |  Computers - Software Medium & Small

खोजें इंटेलविजंस सॉफ्टवेयर कनेक्शन मार्च 13
लेखांकन नीति साल : मार्च '14
1.1 Basis of preparation of financial statements
 
 These financial statements are prepared in accordance with Indian
 Generally Accepted Accounting Principles (GAAP) under the historical
 cost convention on accrual basis except for certain financial
 instruments which are measured at fair values. GAAP comprises mandatory
 accounting standards as prescribed by the Companies (Accounting
 Standards) Rules, 2006, the provisions of the Companies Act, 1956 and
 the guidelines issued by the Securities and Exchange Board of India
 (SEBI).Accounting policies have been consistently applied except where
 a newly issued accounting standard is initially adopted or revised to
 an existing accounting standard requires a change in the accounting
 policy hitherto in use.
 
 1.2 Use of Estimates
 
 The preparation of financial statements in conformity with GAAP
 requires management to make estimates and assumptions that affect the
 reported amounts of assets and liabilities, disclosure of contingent
 assets and liabilities at the date of the financial statements and the
 results of operations during the reporting period. Examples of such
 estimates include estimates of income taxes, employment retirement
 benefit plans, provision for doubtful debts and advances and estimates
 useful life of fixed assets. Actual results could differ from
 estimates. Any revision to accounting estimates is recognized
 prospectively in current and future periods.
 
 1.3 Revenue Recognition
 
 Revenue (income) is recognized when no significant uncertainty as to
 its determination or realization exists. Revenue on maintenance
 contracts is recognized over the term of maintenance. Direct and
 incremental contract origination and set up costs incurred in
 connection with support / maintenance service arrangements are charged
 to expenses as incurred.
 
 ''Unbilled Revenue'' included in other Current Assets represents
 costs and earnings in excess of billings as at the Balance Sheet date.
 
 Dividend income is recognized when the company''s right to receive
 dividend is established. Interest income is recognized on the time
 proportion basis.
 
 Interest element in hire-purchase installment is recognized as revenue,
 in proportion to Principal portion outstanding at internal rate of
 return.
 
 1.4 Fixed Assets
 
 a) Fixed Assets are stated at cost of acquisition less accumulated
 depreciation. Cost comprises the purchase price net of Value Added Tax
 (VAT)) and Excise Credit to the extent refundable and any cost
 attributable to bringing the asset to its working condition for its
 intended use.
 
 b) On the sale of fixed assets profit/loss if any, is credited/debited
 respectively to Profit and Loss Account.
 
 c) Capital Work-in-progress comprises of the cost of fixed assets that
 are not yet ready for their intended use at the reporting date.
 
 1.5 Depreciation and Amortization:
 
 a) Depreciation on Fixed Assets is provided on written down value
 method at the rates based on the estimated useful life of the asset,
 which is in accordance with the rates specified in Schedule XIV of the
 Companies Act, 1956. On Machines provided on lease basis depreciation
 is provided on SLM basis over a period of three years from the date of
 installations.
 
 b) Software and Intangible Assets are amortized on SLM basis over a
 period of five years.
 
 c) Depreciation on fixed assets added during the year is provided on
 pro rata basis.
 
 d) No Depreciation is provided on assets disposed off during the year.
 
 1.6 Foreign Exchange Transactions
 
 a) Transactions in Foreign Currency are recorded at the original rates
 of exchange in force at the time the transactions are affected. At the
 year end, monetary items denominated in foreign currency and the
 relevant forward exchange contracts are reported using closing rates of
 exchange.  Exchange differences arising thereon and on realization /
 payment of foreign exchange are accounted, in the relevant year, as
 income or expense.
 
 b) Representative branches located outside India are classified as
 integral foreign operation as those carry on their operations as if
 they were an extension of Company''s operation. The financial
 statements of an integral foreign operation are translated into Indian
 rupees as if the transactions of the foreign operation were those of
 Company itself. Monetary assets and liabilities denominated in foreign
 currencies as at the Balance Sheet date are translated at year end
 rates. The resultant exchange differences are recognised in the
 Statement of Profit and Loss. Non-monetary assets are recorded at the
 rates prevailing on the date of the transaction.
 
 1.7 Inventories
 
 Items of Inventory are valued at cost or net realizable value,
 whichever is lower. Cost is determined on the following basis:
 
 a) Raw Material, Stores and Spares: FIFO basis
 
 b) Trading Goods: FIFO basis
 
 1.8 Retirement Benefits
 
 Retirement benefits are dealt with in the following manner.
 
 a) Defined contribution plans :
 
 Defined contribution plans are Provident Fund scheme, Employee State
 Insurance Scheme for eligible employees. The Company''s contribution
 to defined contribution plans is recognized in the Profit and Loss
 Account in the financial year to which they relate. The Company makes
 specified monthly contributions towards employee provident fund.
 
 b) Defined benefit plans :
 
 The Company operates a defined benefit gratuity and leave encashment
 plan for employees. The Company contributes to a separate entity (a
 fund), towards meeting the obligation.
 
 The cost of providing defined benefits is determined using the
 Projected Unit Credit method based on actuarial valuations made by
 independent actuary.
 
 The defined benefits obligations recognized in the Balance Sheet
 represents the present value of the defined benefit obligation as
 adjusted for unrecognized actuarial gains and losses and unrecognized
 past service costs, and as reduced by the fair value of plan assets, if
 applicable.
 
 1.9 Investments
 
 Trade investments are the investments made to enhance the Company''s
 business interest. Investments are either classifieds as current or
 long term based on the Management''s intention at the time of the
 purchase. Current investments are carried at the lower of cost or fair
 value of each investment individually. Cost of overseas investments
 comprises the Indian Rupee value of the consideration paid for the
 investment translated at the exchange rate prevalent at the date of the
 investment. Long term investments are carried at cost less provision
 recorded to recognize any decline, other than temporary, in the
 carrying value of each investment.
 
 1.10 Sales & purchases
 
 Sales and purchases are stated at net of Taxes & Duties.
 
 1.11 Taxes on Income
 
 Current Tax is the amount of tax payable on the taxable income for the
 year and is determined in accordance with the provisions of the Income
 Tax Act, 1961.
 
 Deferred Tax is recognized on timing differences; being the difference
 between the taxable incomes and accounting income that originate in one
 period and are capable of reversal in one or more subsequent periods.
 Deferred Tax assets in respect of unabsorbed depreciation and carry
 forward of losses are recognized if there is virtual certainty that
 there will be sufficient future taxable income available to realize
 such losses.
 
 1.12 Impairment of Asset
 
 Impairment loss is recognized wherever the carrying amount of an asset
 is in excess of its recoverable amount and the same is recognized as an
 expense in the statement of profit and loss and carrying amount of the
 asset is reduced to its recoverable amount.
 
 Reversal of impairment losses recognized in prior years is recorded
 when there is an indication that the impairment losses recognized for
 the asset no longer exist or have decreased.
 
 1.13 Operating Lease
 
 Lease Arrangement, where the risks and rewards incidental to ownership
 of an assets substantially vests with the lessor, are recognized as
 operating lease. Operating lease payments under operating lease are
 recognized as an expense in the Profit & Loss Account on accrual basis.
 
 1.14 Provisions & Contingent Liabilities
 
 A provision is recognized if, as a result of a past event, the Company
 has a present legal obligation that can be estimated reliably, and it
 is probable that an outflow of economic benefits will be required to
 settle the obligation. Provision is determined by the best estimate of
 the outflow of the economic benefits required to settle the obligation
 at the reporting date. Where a no estimate can be made, a disclosure is
 made as a contingent liability. A disclosure for a contingent liability
 is also made when there is a possible or present obligation that may,
 but probably will not, require an outflow of resources. Where there is
 a possible obligation or a present obligation in respect of which the
 likelihood of outflow of resources is remote, no provision or
 disclosure is made.
 
 1. Terms/ rights attached to equity shares
 
 The company has only one class of equity shares having par value of
 Rs.10/ - per share.
 
 In the event of liquidation of the company, the holders of equity
 shares will be entitled to receive remaining assets of the company,
 after distribution of all preferential amounts. The distribution will
 be in proportion to the number of equity shares held by the
 shareholders.
 
 During previous year, the company has converted 44,10,000 Equity share
 warrants to Equity Shares on 23rd February 2013 which were alloted on
 preferential basis. The Equity Shares were issued at premium of Rs. 5 per
 equity shares.
 
 3. Shares reserved for issue under options and contracts/commitments
 for the sale of shares/disinvestment including the terms and amount
 
 There are no reservations done for on account of shares during the
 year.
 
 4. Aggregate number and class of shares allotted as fully paid up
 pursuant to contracts without payment being received in cash/bonus
 shares during period of five years immediately preceding the balance
 sheet date.
 
 There were no issue of shares without payment being received in cash or
 as bonus shares during last five years preceding the date of balance
 sheet.
 
 5. Dividend
 
 The Board of Directors of the Company at its meeting held on May 27,
 2014, inter alia, recommended a dividend of Rs. 0.50/ - per equity share
 of Rs. 10 each (5%) for the year ended March 31, 2014 subject to the
 approval of the shareholders at the Annual General Meeting of the
 Company. The total dividend appropriation for the year ended 31 March
 2014 amounted to Rs. 66,74,565 including Dividend Distribution Tax of Rs.
 9,69,565. (Previous Year @ 0.50 per Equity Shares (5%) Rs. 43,27,569
 including Dividend Distribution Tax of Rs. 6,04,048)
 
 7. Aggregate number of shares bought back during the period of five
 years immediately preceding the balance sheet date
 
 There was no buy back of shares during the period of five years
 immediately preceding the balance sheet date.
 
 8. Calls unpaid /Forfeited shares
 
 There are no calls unpaid and also no forfeited shares as on the
 balance sheet date.
 
 9. Money received against share warrants
 
 There is no money received against share warrants as on 31st March 2014
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `605 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `239.87 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `432.39 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `19.55 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `157.43 Cr की बिकवाली की
  • MARKET CUES : स्टॉक फ्यूचर्स में `282.37 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `26.96 Cr की खरीदारी
  • US FED HOLDS RATES STEADY : US FED ने नहीं किया ब्याज दरों में बदलाव
  • US FED HOLDS RATES STEADY : US FED ब्याज दर 1.5-1.75% की रेंज में बरकरार
  • CS ON L&T INFOTECH : Outperform रेटिंग, लक्ष्य `1900/Sh

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