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निवास स्पिनिंग मिल्स

बीएसई: 521009  |  NSE: N.A  |  ISIN:  |  Textiles - Spinning - Cotton Blended

खोजें निवास स्पिनिंग मिल्स कनेक्शन मार्च 13
लेखांकन नीति साल : मार्च '14
1 System of Accounting
 
 a) The financial statements have been prepared under the historical
 cost convention in accordance with the generally accepted accounting
 principles in India and provisions of the Companies Act 1956.
 
 b) Accounting policies not specifically referred to otherwise, have
 been followed consistently and are in consonance with the generally
 accepted accounting principles
 
 2. Inflation
 
 Assets and Liabilities are recorded at historical cost
 
 3 Fixed Assets
 
 a) Fixed Assets are stated at cost of acquisition inclusive of
 incidental expenses related to acquisition
 
 b) Premium on leasehold land is written off over the lease period of 99
 years
 
 4 Depreciation
 
 Depreciation on assets has been provided on WDV method at the rate
 prescribed in schedule XIV of the Companies Act 1956 for the period of
 use
 
 5 Investment
 
 Investments are stated at cost Amount (in Rs.)
 
 a) Vikas Sahakari Bank Ltd.  500/- (Unquoted)
 
 b) Nilkanth Urban Co-op Bank Ltd 5000/- (Unquoted)
 
 c) Lahoti Overseas Ltd 12500/- (Quoted) (2500 Nos Market Price as on
 31-03-2014 Rs902 per Share)
 
 6 Inventories
 
 a) Raw Materials Parts, Packing Materials and Stores & Spares are
 valued on FIFO method at cost or market value whichever is less The
 finished goods are valued at weighted average cost method only
 
 b) The Excise Duty on the Company''s finished goods is exempted vide
 Notification No 7/2003 Dtd 01-03-2003 and 53/90 Dtd. 20-03-1990 and the
 same is not accounted for on finished goods as well stock of finished
 goods at the end of year
 
 7 Revenue Recognition
 
 Revenue is recognized when no significant uncertainty as regards
 reliability exists In case of claims revenue is recognized on
 admittance of the claim
 
 8 Employee benefit obligation
 
 Gratuity and Leave Encashment has been provided in accordance with
 Accounting Standard (AS) - 15 Benefits under the plan are based on pay
 and years of service and are vested on completion of five years of
 service, as provided in the Payment of Gratuity Act 1972 The terms of
 benefit are common for all the employees of the company
 
 9 Foreign Currency Transactions
 
 Transactions in foreign currency are recorded at the rates of exchange
 prevailing on the date of transaction
 
 10 Lease
 
 The company has taken on Lease certain machines from an associate
 concern on token Lease Rent of Rs. 1/- with the condition that Lessor
 will be allowed to capitalize the machines into Equity at Par, on
 restructuring of the Company or it will have option to receive the
 money
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `566.52 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `183.41 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `800 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `818 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `140.36 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `42.76 Cr की बिकवाली की
  • MARKET CUES : स्टॉक ऑप्शंस में `79.20 Cr की बिकवाली की
  • MS ON TCS : Equal-weight रेटिंग, लक्ष्य `1,980/Sh
  • MS ON TITAN : Equal-weight रेटिंग, लक्ष्य `1240/Sh
  • MS ON ICICI BANK : Overweight रेटिंग, लक्ष्य `665/Sh

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