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moneycontrol.com भारत | लेखांकन नीति > Transport & Logistics > लेखांकन नीति फॉलोड से एसईआर इंडस्ट्रीज - बीएसई: 507984, NSE: N.A

एसईआर इंडस्ट्रीज

बीएसई: 507984  |  NSE: N.A  |  ISIN: INE358F01013  |  Transport & Logistics

खोजें एसईआर इंडस्ट्रीज कनेक्शन मार्च 13
लेखांकन नीति साल : मार्च '14
The Financial Statements have been prepared under the historical cost
 convention on the accrual basis of accounting and on the accounting
 principles of going concern, in accordance with all the applicable
 accounting principles generally accepted in India and .comply with the
 mandatory applicable accounting standards notified under sub-section
 (3C) of Section 211 of the Companies Act, 1956 and other relevant
 provisions of the Companies Act, 1956 and the rules, regulations and
 guidelines made thereunder.
 
 1.  Fixed Assets: Fixed assets have been capitalized at its acquisition
 cost and all other costs attributable to bring the assets to its
 working conditions for their intended use as reduced by the accumulated
 depreciation and impairment loss, if any.
 
 2.  Depreciation: Depreciation on fixed assets is provided on straight
 line basis at the rates provided in Schedule XIV to the Companies Act,
 1956. Depreciation on assets acquired during the year has been provided
 on Pro-rata basis including the month during which the asset is
 capitalized.
 
 3.  Inventory: Stocks of Stores and Truck spares have been valued at
 lower of cost or realizable value.  The Company is following first in
 first out method for valuation of inventories.
 
 4.  Cash Flow Statement: Cash flows are reported using the indirect
 method, whereby profit / (loss) before extraordinary items and tax is
 adjusted for the effects of transactions of non-cash nature and any
 deferrals or accruals of past or future cash receipts or payments. The
 cash flows from operating, investing and financing activities of the
 Company are segregated based on the available information.
 
 5.  Recognition of Income & Expenditure Income and expenditure are
 generally accounted on accrual basis in accordance with the applicable
 accounting standards. Freight income is accounted when goods are
 delivered by the Company to customers. Freight expenses are accounted
 when the goods are delivered to the intended customers.
 
 6.  Investments: Long Term Investments are stated at cost. Reduction in
 market value of quoted investments due to temporary market fluctuations
 is not provided for in the books of accounts.  Current investments are
 stated at lower of cost and fair value.
 
 7.  Expenditure on Research and Development: The Company has not
 incurred any expenditure, on research and development, during the year.
 
 8.  Segmental Revenue and Expenditure: The Company identifies primary
 segments based on the dominant source, nature of risks and returns and
 the internal organisation and management structure.  The operating
 segments are the segments for which separate financial information is
 available and for which operating profit/loss amounts are evaluated
 regularly by the executive Management in deciding how to allocate
 resources and in assessing performance.
 
 9.  Employee Benefits: Defined contribution plans- are post-employment
 benefit plans under which the Company pays fixed contributions into
 separate entities (Provident Fund Authority). The Company has no
 further payment obligations once the contributions have been paid. The
 Company''s contributions to the defined contribution plans are
 recognised as an expense when they are due.  Defined benefit plans- The
 Gratuity and leave encashment liability of the Company is not funded.
 Valuations for gratuity and leave encashment liability have been
 carried out by independent actuary as on the date of Balance Sheet.
 
 Provision for Taxation: Current tax is the amount of tax payable on the
 taxable income for the year as determined in accordance with the
 provisions of the Income Tax Act, 1961.
 
 Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which
 gives future economic benefits in the form of adjustment to future
 income tax liability, is considered as art asset if there is convincing
 evidence that the Company will pay normal income tax. Accordingly, MAT
 is recognized as an asset in the Balance Sheet when it is probable that
 future economic benefit associated with it will flow to the Company.
 
 Deferred tax is recognised on timing differences, being the differences
 between the taxable income and the accounting income that originate in
 one period and are capable of reversal in one or more subsequent
 periods. Deferred tax is measured using the tax rates and the tax laws
 enacted or substantially enacted as at the reporting date. Deferred tax
 liabilities are recognised for all timing differences. Deferred tax
 assets in respect of unabsorbed depreciation and carry forward of
 losses are recognised only if there is virtual certainty that there
 will be Sufficient future taxable income available to realise such
 assets. Deferred tax assets are recognised for timing differences of
 other items only to the extent that reasonable certainty exists that
 sufficient future taxable income will be available against which these
 can be realised. Deferred tax assets and liabilities are offset if such
 items relate to taxes on income levied by the same governing tax laws
 and the Company has a legally enforceable right for such set off.
 Deferred tax assets are reviewed at each Balance Sheet date for their
 realisability.
 
 10.  Provisions: Provisions are recognized I terms of Accounting
 Standard 29 notified under the Companies (Accounting Standards) Rules,
 2006. When there is a present legal or statutory obligation as a result
 of past events, where it is probable that there will be outflow of
 resources to settle the obligations and reliable estimate of the amount
 of the obligation can be made. Contingent liabilities are recognized
 only when there is a possible obligation arising from past events due
 to occurrence or non-occurrence of one or more uncertain future events
 not wholly within the control of the company or where any present
 obligation cannot be measured in terms of future outflow of resources
 or where a reliable estimate of the obligation can not be made.
 Obligations are assessed on an ongoing basis and only those having a
 largely probable outflow of resources are provided for.
 
 11.  Leases: The Company''s significant leasing agreements are in
 respect of operating leases for premises.
 
 These leasing arrangements which are not non- cancellable ranging
 between 9 months to one year generally or longer and are usually
 renewable by mutual consent on mutually agreeable terms. The aggregate
 lease rentals payable are charged as rent in the statement of profit &
 loss.
 
 12.  Earnings Per Share: The Basic earnings per share is calculated on
 the net profit or loss for the period attributable to- equity share
 holders considering weighted average shares outstanding during the
 period.  Diluted earnings per share is worked out on the net profit or
 loss for the period attributable to the equity shareholders and weighte
 average number of shares outstanding during the period after adjusting 
 for effects of all dilutive potential equity shares, if any.  ''
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `271 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `309 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `58 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `299 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `413 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `124 Cr की बिकवाली की
  • HSBC ON CASTROL : BUY रेटिंग, लक्ष्य बढ़ाकर `165/Sh
  • MS ON FUTURE RETAIL : Overweight रेटिंग, लक्ष्य घटाकर `540/Sh
  • CS ON ITC : Outperform रेटिंग, लक्ष्य `330/Sh
  • MS ON GRASIM : Overweight रेटिंग, लक्ष्य `875/Sh

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