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रघुनाथ इंटरनैशनल

बीएसई: 526813  |  NSE: N.A  |  ISIN: INE753B01014  |  Cigarettes

खोजें रघुनाथ इंटरनैशनल कनेक्शन मार्च 13
लेखांकन नीति साल : मार्च '14
 Raghunath International Limited (The Company) is mainly engaged in
 Real Estate including renting activities and trading and agency
 b) Basis of Accounting
 (i) Basis of Preparation of Financial Statement
 Financial statements are prepared under the historical cost convention
 in consonance and accordance with applicable accounting standards,
 accepted accounting principles and relevant presentational requirements
 of The Companies Act, 1956. The company follows accrual basis of
 accounting in accordance with the provisions of The Companies Act,
 (ii) Fixed Assets
 Fixed assets are recorded at cost. Cost comprises the purchase price
 and any attributable cost of bringing the asset to its working
 condition for its intended use. Physical verification of the assets is
 carried out once in three years.
 (iii) Depreciation
 Depreciation on Fixed Assets has been provided on written down method
 at rates and method as per Income-tax Rules, 1962. No depreciation is
 charged on fixed assets sold during the year.
 (iv) Investments
 Current investments are valued at lower of cost and fair market value,
 and long-term investments are stated at cost in accordance with
 Accounting Standard - 13 on Accounting for Investments issued by the
 Institute of Chartered Accountants of India. Provision for diminution
 in the value of long-term investments shall be made only if such a
 decline is other than temporary.
 (v) Inventories
 Land and Building
 Direct expenses like cost at site, material used for project
 construction, costs for moving the plant and machinery to the site and
 general expenses incurred specifically for the respective project and
 construction overheads are taken as the total cost of the respective
 (i) Work in progress, in the case of Real Estate Development projects,
 represents the cost incurred in respect of unsold area of the
 incomplete Real Estate Development projects.
 (ii) Stock of Plots and apartments, classified as stock in trade, are
 valued at cost or net realizable value whichever is lower.
 (iii) Building material purchased specifically for the projects are
 taken as consumed as and when received.
 (vi) Retirement Benefits
 Provision of Gratuity is created for employees who have completed
 continuous five years'' of services at the rate of 15 days salary for
 every completed year of service based on the salary drawn during the
 last month of the financial year.
 Leave Encashment
 Unused leave are paid to the employees at the end of year and are not
 Provident Fund
 Company''s contribution to provident fund is charged to profit and loss
 (vii) Impairment of Assets
 If the carrying amount of fixed assets exceeds the recoverable amount
 on the reporting date, the carrying amount is reduced to the
 recoverable amount. The recoverable amount is measured as the higher of
 the net selling price and the value in use determined by the present
 value of estimated future cash flow.
 (viii) Accounting for Taxes on Income
 Provision for current Income tax is made after taking into
 consideration the benefits admissible under the provisions of the
 Income Tax Act, 1961.
 Deferred tax is recognized, on timing differences, being the difference
 between taxable and accounting income that originates 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.
 (ix) Revenue Recognition
 Sale of Goods:
 Sales include excise duty, where applicable and represent invoice value
 of goods sold as reduced by rebates and discounts.
 Sale of Flats:
 Sale of flat purchased from other developers is recognized on execution
 of transfer deed in favour of the buyer.
 In respect of development projects undertaken by the company, revenue
 is recognised when the significant risks and rewards of ownership of
 the unit in real estate have passed to the buyer and the revenue is
 recognized to the extent that it is probable that the economic benefit
 s will flow to the Company and the revenue can be reliably measured.
 Construction Contracts:
 Revenue from each Real Estate Development Project is recognized:
 (i) On the basis of Percentage Completion Method
 (ii) The percentage completion method is applied on a cumulative basis
 in each accounting period to the current estimates of contract revenue
 and contract costs
 (iii) When the stage of completion of each project reaches a
 significant level, which is estimated to be at least 25% of the total
 estimated cost of project
 (iv) When no significant uncertainty exists regarding the amount of the
 consideration from sale, which is estimated on collection of at least
 25% of sale consideration.
 Real Estate Development Project:
 The Company follows completed project method of accounting (Project
 Completion Method of Accounting). Allocable expenses incurred during
 the year are debited to work-in-progress account. The income is
 accounted for as and when the projects get completed or substantially
 completed and then revenue is recognized to the extent that it is
 probable that the economic benefit s will flow to the Company and the
 revenue can be reliably measured.
 Revenue is recognized on an accrual basis in accordance with the terms
 of the relevant agreement.
 Interest on fixed deposits is recognized on accrual basis on a time
 proportion basis taking in to account the amount outstanding and the
 rate applicable.
 Revenue is recognized when the right to receive the income is
 Revenue is recognized on an accrual basis in accordance with the terms
 of the relevant agreement.
 (x) 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 reported amount
 of revenues and expenses during the reporting period. Difference
 between the actual results and estimates are recognized in the period
 in which the results are known/materialized.
 (xi) Earnings per Share
 The basic earnings per share are computed by dividing the net profit or
 loss attributable the equity shareholders for the period by the
 weighted average number of equity shares outstanding during the
 reporting period. The number of shares used in computing diluted
 earnings per share comprises the weighted average number of shares
 considered for deriving basic earning per share and also the weighted
 average number of equity shares, which may be issued on the conversion
 of all dilutive potential shares, unless the results would be anti
स्रोत: रेलीगरे टेचनोवा

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  • HSBC ON INDUSIND BANK : Buy रेटिंग कायम, लक्ष्य `2000 से घटाकर `1825
  • CITI ON AMBUJA CEMENTS : Buy रेटिंग कायम, लक्ष्य `270 से बढ़ाकर `285
  • NOMURA ON MAX FINANCIAL : Buy रेटिंग कायम, लक्ष्य `550 से बढ़ाकर `700

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(August 06, 2018)

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