मैट्रिक्स
 
 
moneycontrol.com भारत | लेखांकन नीति > Mining & Minerals > लेखांकन नीति फॉलोड से साउदर्न फ्यूल्स - बीएसई: 526767, NSE: N.A

साउदर्न फ्यूल्स

बीएसई: 526767  |  NSE: N.A  |  ISIN:  |  Mining & Minerals

खोजें साउदर्न फ्यूल्स कनेक्शन मार्च 12
लेखांकन नीति साल : मार्च '14
 1. BASIS OF ACCOUNTING
 
 a. The financial statements have been prepared under the historical
 cost convention on Accrual Method of Accounting and on Going Concern
 basis. The said financial statements comply with the Companies Act 1956
 (The Act) and the mandatory Accounting Standards referred to in Section
 211(3c) of the Companies Act, 1956 to the extent they are applicable.
 
 b. The accumulated losses of the company as on 31.03.2014 is Rs. 5.17
 crores and the net worth of the company has been eroded. However, the
 financial statements have been prepared on the principles applicable to
 a going concern in view of the continuous financial support of the
 holding company.
 
 2. USE OF ESTIMATES
 
 The preparation of financial statements are in conformity with
 generally accepted accounting principles and requires estimates and
 assumptions to be made that affect the reported amounts of assets and
 liabilities on the date of the financial statements and the reported
 amounts of revenues and expenses during the reporting period.
 Difference between actual results and estimates are recognized in the
 period in which the results are known/ materialized.
 
 3. INVENTORY VALUATION
 
 Raw Material   - At Cost
 
 Finished Goods - Cost or Market Price whichever is lower.
 
 4. CASH FLOW STATEMENT
 
 Cash flow statement has been prepared in accordance with the indirect
 method prescribed in accounting standard 3 issued by the Institute of
 Chartered Accountants of India.
 
 5. DEPRECIATION
 
 In respect of Fixed Assets, Depreciation is provided under written down
 value method at the appropriate rates in accordance with schedule XIV
 of the Companies Act, 1956.
 
 6. REVENUE RECOGNITION
 
 (a) The company generally follows the mercantile system of accounting
 and recognizes income and expenditure on an accrual basis except those
 with significant uncertainties.
 
 (b) Current year there is no business transaction and hence the sale of
 goods is not recognized.
 
 (c) Claims made by the company and those made on the company are
 recognized in the profit & loss account as and when claims are
 accepted.
 
 (d) Expenses are accounted for on accrual basis.
 
 (e) Provisions are recognized when a present legal or constructive
 obligation exists and the payment is probable and can be reliably
 estimated.
 
 7. FIXED ASSETS
 
 (a) Fixed assets are stated at cost inclusive of interest on borrowings
 attributable to acquisition of fixed assets less depreciation provided
 during the year.
 
 (b) Cost comprises purchase price and all direct/ indirect costs
 incurred to bring the asset to its working condition for its intended
 use.
 
 (c) Fixed assets taken on lease (Other than land taken on perpetual
 lease) are not capitalised and annual lease rentals are absorbed in the
 profit and loss account.
 
 8. FOREIGN CURRENCY TRANSACTIONS
 
 There were no foreign currency transactions made during the year under
 audit.
 
 9. INVESTMENTS
 
 (a) Long term investments are stated at cost.
 
 (b) Current investments are carried at lower of cost and fair value as
 on the Balance sheet date.
 
 (c) Provisions for diminution in value of long term investments is
 made, if the diminution is other than temporary.
 
 10. EMPLOYEE BENEFITS
 
 (a) Payments to defined contribution schemes are charged as expenses as
 and when incurred.
 
 (b) Termination items are recognized as an expense as and when
 incurred.
 
 (c) No Provision is considered necessary with regard to Gratuity and
 Super Annuations benefits as no employee has yet put in qualified
 period of service for the benefit.
 
 11. BORROWING COSTS
 
 (a) In the absence of any qualifying asset as per AS-16 the borrowing
 costs are charged off to revenue.
 
 12. EARNINGS PER SHARE
 
 The arriving at the EPS, the company''s net profit after tax, computed
 in terms of the Indian GAAP, is divided by the number of equity shares
 outstanding on the last day of the reporting period. The EPS thus
 arrived at is known as ''Basic EPS''.
 
 13. ACCOUNTING FOR TAXES ON INCOME
 
 (a) Current Tax:
 
 Provision for tax is determined in accordance with the current tax
 laws.
 
 (b) Deferred Tax:
 
 Deferred tax asset has been recognized in the accounts for the year.
 
 14. IMPAIRMENT OF ASSETS:
 
 (a) Impairment loss if any is provided to the extent, the carrying
 amount of assets exceeds their recoverable amount. Recoverable amount
 is higher of an asset''s net selling price and its value in use. Value
 in use, estimated periodically, is the present value of estimated
 future cash flows expected to arise from the continuing use of an asset
 and from its disposal at the end of its useful life.
 
 15. PROVISIONS. CONTINGENT ASSETS AND CONTINGENT LIABILITIES
 
 
 
 (a) Provisions involving substantial degree of estimation in
 measurement are recognized when there is a present obligation as a
 result of past events and it is probable that there will be outflow of
 resources.
 
 (b) Contingent liabilities are not recognized but are disclosed in the
 notes to financial statements. Contingent assets are neither recognized
 nor disclosed in the financial statements. Provisions, contingent
 assets and contingent liabilities are reviewed at each balance sheet
 date and adjusted to reflect the current best estimate.
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `191 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `590 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `3344 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `994 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `1539 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `768 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `43.26 Cr की खरीदारी
  • MACQUARIE ON BANDHAN BANK : Underperform रेटिंग, लक्ष्य `470/Sh
  • MACQUARIE ON INFOSYS : Outperform रेटिंग, लक्ष्य `830/Sh
  • CITI ON AUROBINDO PHARMA : BUY रेटिंग, लक्ष्य `820/Sh

अभी देखें

मार्केट काउंटडाउन

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.